1. Financial Aid and Scholarships
MINI-CAMP COLLEGE
WORKSHOPS

2. How can I pay for college?
How much does it cost?
65% of full time undergraduates at 4 year institutions pay $9000 or less per year for tuition and fees
Paying for college is a partnership
The best plan will include funding from a variety of sources—student, family, state, federal and private programs

3. What is Financial Aid? Gift Aid Grants and Scholarships
“Free” money—you don’t have to
pay it back!
Self-Help Aid
Work-Study
Job opportunity to earn money
Loans
money borrowed that must be repaid
or cancelled through service

4. Categories of Aid
Merit Based
Need Based

5. College Planning Calendar
Make a list of college or universities to which you may apply
Review the web sites for the schools on your list to find deadlines for submitting the application for admission, scholarship applications and financial aid applications
Keep a calendar of these deadlines with reminders for important events

6. Sources of Financial Aid
Private
Institutional
State
Federal

7. How to Apply for Private Aid
Ask your high school counselor
Contact your parent’s employer
Make a list of organizations you or your parents are affiliated with
Complete scholarship searches – FastWeb.com, Zinch.com, CollegeBoard.com

8. Apply for Institutional Aid
Academic
Achievement
Work Study
Loans
Grants

9. Completing the FAFSA
Taking it one step at a time
Hurry up! And wait…

10. Need Based Aid Application Process
Free Application for Federal Student Aid (FAFSA)
Required for some state aid
Pell Grant
Supplemental Educational Opportunity
Work Study
Student Loans

11. Getting Ready Apply for student and parent PIN
Gather records you will need
Student driver’s license & social security card
W-2 forms and other records of money earned
Federal income tax returns
Records of untaxed income
Current bank statement
Business and farm records
Records of stocks, bonds and other investments

12. Submitting Your Electronic Application
Print a copy for your records
Federal Student Aid Programs
P.O. Box 4014
Mt. Vernon, IL
Chelsea Jones
333 N. Main Street
Big City, CA 92345

13. What Happens Next?
Student and school receive Student Aid Report (SAR) from federal processor
Schools mail award letter to student

14. The Award Letter Provides Important Information
Types and amounts of aid offered
Student responsibilities
Conditions governing awards
Opportunity to accept or decline awards

15. Figuring it Out – Comparing Awards
Letter
Figuring it Out – Comparing Awards
Review types, amounts and renewal requirements
Compare types and amounts of self-help aid
Be sure to review the total cost of attendance for each institution-the bill and out-of-pocket expenses

16. Additional Resources CollegeBoard.com Your High School Counselor
Award comparison tool
Expected Family Contribution Calculator
Student Scholarship Search
Profile Application Online
Your High School Counselor
Financial Aid and admission counselors at the schools on your application list