1. WELCOME!
Vonda Garcia
Financial Aid Director
January 7, 2016

2. Education Pays

3. What is Financial Aid?
Financial Aid consists of funds provided to students and families to help pay for postsecondary educational expenses.

4. Types of Financial Aid Gift Aid Self-Help Aid Scholarships Grants
Loans
Student Employment
Gift Aid
Self-Help Aid

5. Gift Aid vs. Self-Help Aid
GIFT AID SELF-HELP AID
* Money that does not have to * Money students and parents
be paid back borrow to help pay college cost.
* Usually awarded on the basis of * Repayment usually begins after
financial need education is finished.
* Only borrow what is needed.
* Look at loans as an investment
in the future.

6. Self-Help Aid Allows student to earn money to help pay education costs
Work-Study Employment
Allows student to earn money to help pay education costs
Student may opt whether or not to work
Flexible work schedules
Great way to make connections/network
Provides valuable skills and learning experiences

7. Sources of Aid Federal Government State Government
Colleges and Universities
Private agencies, companies, foundations, and employers

8. What is Cost of Attendance (COA)?
Direct Costs
vs.
Indirect Costs

9. Comparing Estimated 2015-2016 College Tuition Costs
Community College
$46 per Unit
$1104/yr (24 unit)
CSU
$5,472 UC
$12,240
Private
Independent
$40,000+
Additional Costs of Attendance include:
Other college fees: $1000 (student fees, parking, etc.)
Books: $1,700 (both semesters)
Room and Board $12,000 – $15,000
Personal Expenses: $3,000

10. Comparing Estimated 2015-2016 Cost of Attendance
Includes: Tuition & Fees
Room & Board
Books & Supplies
Transportation
Personal Expenses
Community College
CSU UC
Private
TotalCost
$17,000
$27,000
$31,000
$59,000

11. Complete a FAFSA or DREAM Act Application
How Does a Student Apply for Financial Aid?
Complete a FAFSA or DREAM Act Application
March 2nd
FAFSA.GOV
CALDREAMACT.ORG

12. Which Application Does the Student Complete?
FAFSA.GOV
DREAM.CSAC.CA.GOV
U.S Citizens
Permanent Residents
Students without lawful immigration status who are AB 540 eligible apply

13. It Takes 2 by March 2 FAFSA or DREAM APP
Cal Grant GPA Verification Form
Most high schools will automatically send
the Cal Grant GPA to the
California Student Aid Commission.

14. Federal Student Aid ID (FSA ID) for FAFSA
FSA ID is used to log into certain U.S Department of Education websites such as the FAFSA.
Student
Parent(s)
Yours for Your Lifetime
FSAID.ED.GOV

15. FAFSA Information & Tips
File early, but no later than March 2, 2016
Use estimated 2015 income information if taxes are not complete at time of FAFSA submission
Use the IRS Data Retrieval Tool if possible
Student and at least one parent whose information is reported must complete and sign the FAFSA

16. Getting Ready Student Driver’s License
Student Alien Registration Card, if applicable
Student and Parent
Social Security cards
2015 W-2 Forms and records of money earned and other taxable benefits
2015 federal income tax form (even if not yet completed)
Records of untaxed income
Current bank statements
Business, farm, and other real estate records
Records of stocks, bonds, and other investments

17. - Expected Family Contribution
What is Financial Need?
Cost of Attendance
- Expected Family Contribution
= Financial Need

18. What is Expected Family Contribution (EFC)?
Amount family can reasonably contribute
Stays the same regardless of college attending
Two components
Parent Contribution
Student Contribution

19. Cal Grants
Must be a California resident, a high school senior or recent high school grad, and meet income/asset ceilings
Cal Grant A
GPA 3.0
4 yr University
Cal Grant B
GPA 2.0
Com College
4 yr University
Cal Grant C
Low income
Vocational Schools

20. UC’s Commitment to California Residents
Califorinia resident
Family income of $80,000 or less
Qualify for need based financial aid (apply on time, apply for Cal Grant, etc.)
If your existing aid from all sources does not cover your UC System wide tuition/fees ($12,240 for ) the Blue and Gold Plan covers the balance up to your financial need!

21. Middle Class Scholarship
A partial scholarship to help pay UC or Cal State tuition if :
California resident
Total family income of between $150K and total
Household assets of $150K or less
Qualify for financial aid (apply on time, apply for Cal Grant, etc.)
Not already receiving grants and scholarships that equal systemwide tuition and fees
See more information at

22. Verification for Financial Aid
Keep in contact with Financial Aid Office at the college or university
Submit any requested documents on time
Financial Aid Administrators are available to help you. If you are confused about the process, DO NOT hesitate to contact the Financial Aid Office.

23. Scholarships
Available from colleges, companies, Community-based and other organizations.
Usually require separate applications (the UC Admissions Application is your Scholarship Application)
Beware of scholarship search Companies that charge a fee.
Check with your high school counselor about scholarship opportunities. Be persistent and check regularly.
Make use of free reliable online web resources.

24. Free Scholarship Searches
bigfuture.collegeboard.org

25. Scholarships for AB540 Students

26. Additional College Applications
Independent/Private Colleges
CSS Financial Aid Profile
Institutional Financial Aid Form
Scholarship Applications

27. Special Circumstances
Contact the Financial Aid Office and describe the
Special Circumstances in writing
Loss of income
High Medical/Dental Expenses
Change in Marital Status

28. Helpful Tips to Keep In Mind
Student’s Name, Birthdate, SSN should be same for Admission and Financial Aid application
Student’s name and ID on all paperwork
Keep copies of all paperwork
Be aware and remember key Deadlines –
March 2nd and other school deadlines
Stay in touch with each of the college offices –
Admissions, Financial Aid, Housing, etc
Reapply for Financial Aid each school year

29. Selective Service Males over 18 years old must register at www.sss.gov
Males under 18 may register on the FAFSA or Dream Application

30. CASH FOR COLLEGE: sandiegocalsoap.com
CSU San Marcos
Saturday, February 20, 2016
9am-Noon
Orange Glen High School
Saturday, February 27, 2016
9am-Noon

31. Financial Aid—Investing in Your Future!