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Presented by: Fiorella Sassarini Titan Choices Program California State University, Fullerton Introduction to Financial Aid.

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Presentation on theme: "Presented by: Fiorella Sassarini Titan Choices Program California State University, Fullerton Introduction to Financial Aid."— Presentation transcript:

1 Presented by: Fiorella Sassarini Titan Choices Program California State University, Fullerton Introduction to Financial Aid

2 What we will discuss….  Estimated cost for college attendance  Types of financial aid available  FAFSA  AB 540 Eligibility  California Dream Act Application (AB 130 & 131)  Important resources

3 Student Fees / Tuition (subject to change) Degrees Offered Required Entrance Exam(s) Number of Campuses Average $29,350 per year Associates, Bachelors, Masters, Doctoral, and Professional Degrees Varies: (Check with College or University of your choice) More than 75 Independent Colleges and Universities www.aiccu.org Approximately $ 13,200 per year Bachelors, Masters, Doctoral and, Professional Degrees ACT plus writing or SAT Reasoning SAT II Subject (optional) 10 University of California (UC) www.ucop.edu System $46 per unit Associate degrees and vocational certificates English and math Placement test prior to enrolling 112 California Community Colleges (CCC) www.cccco.edu Approximately $6,626 per year Bachelors, Masters, And limited Doctoral Degrees ACT or SAT Reasoning 23 California State University (CSU) www.csumentor.edu Four Systems of Higher Education

4 Cal State Fullerton Estimated Cost (2012-2013) *For a full-time California resident undergraduate student Fees*At HomeOn CampusOff-Campus Tuition & Fees$6,626 Miscellaneous$3,000 Books/Supplies$1,720 Room & Board$4,400$12,096$12,212 Transportation$1,400$1,300$1,400 TOTAL$17,146$24,742$24,958

5 Student Aid Eligibility  Be a U.S. citizen or eligible noncitizen  Have a valid Social Security Number (SSN)  Have a high school diploma or GED  Be enrolled in college  Maintain satisfactory academic progress once in school  Please note, students without a SSN or lawful immigration status may qualify for certain financial aid by submitting the California Dream application (must meet AB 540 requirements)

6 Types of Financial Aid Eligibility is first determined by the completion of the Free Application for Federal Student Aid (FAFSA) Financial aid is available to students (dependant on eligibility) in the following forms:  Grants are money you don’t have to repay, typically based on financial need.  Scholarships are free money, usually based on your area of study or merit.  Work-study allows you to earn money while working on campus  Loans are borrowed money that you must pay back, usually with interest.

7 Federal and State Financial Aid (Grants)  Federal Grants Pell Grant, amount varies up to $5,550 per year Federal Supplemental Educational Opportunity Grant ( FSEOG), amount varies up to $800 per year  State Grants from California Cal Grant A, amount varies and is applied to tuition Cal Grant B, amount varies and is applied to tuition Cal Grant B Access Grant, Up to $1,551

8 Federal Financial Aid (Loans)  Federal Loans Direct Stafford Loan  The U.S. Department of Education is the lender  Subsidized Must demonstrate financial need. US Department of Education pays interest on the loan while student is in school Up to $3,500-$8,500 depending on year of school  Unsubsidized The borrower is responsible for paying all interest on the loan starting on the date the loan is first disbursed

9 Federal Work-Study (FWS) Determined by financial need Students may work up to 20 hours per week Money earned in program is treated as financial aid and not counted against student in determining aid for following year

10 Financial Aid Application  FAFSA Free Application for Federal Student Aid Priority deadline to file is March 2, 2013 File by paper or internet  www.fafsa.ed.gov www.fafsa.ed.gov  Need federal pin to sign www.pin.ed.gov

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12 Cal Grant Application FAFSA GPA Verification For California Residents and Cal Grant Applicants Deadline to file:  Incoming high school seniors March 2, 2013  Community College transfers Sept. 2, 2013

13 Resident VS Non-Resident Fees  Full-time CA resident student pay $3,338.00 per semester (basic tuition fees)  Non-resident student pay $372 per unit PLUS the basic tuition fees Example: 12 units x $372 = $4,464 $4,464 (non-resident fees) + $3,338 (basic fees) = $7,802

14  Students may qualify for in-state tuition fees at UC, CSU and California Community Colleges Completed at least 3 years of high school in California and Graduated from a California high school or received your GED in California Complete and submit the AB 540 affidavit form at the college/university that you will attend (California Non-Resident Tuition Exemption form) 14 Assembly Bill 540 (AB 540) www.fullerton.edu/ab540

15 California Dream Act of 2011 (AB 130 & 131)  Must meet eligibility for AB 540 requirements  Students may qualify for Non-state funded & private scholarships State-funded financial aid such as institutional grants (UC & CSU State University Grants), community college fee waivers, Cal Grants, EOP and Chafee Grant. Must submit the California Dream Application by March 2  DO NOT submit the FAFSA application www.caldreamact.org 15

16 www.caldreamact.org

17 Educational Opportunity Program (EOP)  Primarily for low-income and educationally disadvantage students  How will EOP benefit me?  Provides academic advising with assigned counselor to go over short-term and long-term goals  Assistance in finding extracurricular activities and involvements that sync with goals  Additional $800 grant to those who qualify  How do I apply?  www.csumentor.edu Mark “yes” to question 14a www.csumentor.edu  EOP application must be completed after you submit campus application including letters of recommendation  Students that qualify for AB 540 also may apply for EOP

18 Scholarships  For on-campus scholarships check with the university  For off-campus scholarships, please visit the following sites:  www.finaid.org www.finaid.org  www.fastap.org www.fastap.org  www.fastweb.com www.fastweb.com  www.collegenet.com/mach25/app www.collegenet.com/mach25/app  http://apps.collegeboard.org/cbsearch_ss/welco me.jsp http://apps.collegeboard.org/cbsearch_ss/welco me.jsp

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20 Resources California Student Aid Commission (www.csac.ca.gov)www.csac.ca.gov (888) CA GRANT (1-888-224-7268) Department of Education/FAFSA information (www.fafsa.ed.gov)www.fafsa.ed.gov (800) 4FED-AID (1-800-433-3243) CSUF Office of Financial Aid – (657) 278-3125 Fastweb Scholarship Search – www.fastweb.comwww.fastweb.com Financial Aid Information Page – www.finaid.orgwww.finaid.org Information about California colleges – www.californiacolleges.eduwww.californiacolleges.edu CSU Mentor - http://www.csumentor.edu/FinAid/

21 THANK YOU


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