1. Presenter: Shawn Denman - Assistant Director University of Rochester
Financial Aid Process
Presenter:
Shawn Denman - Assistant Director
University of Rochester

2. Financial Aid 101 Merit Scholarships Grants Federal (Pell, FSEOG)
State (Tap, Scholarships)
University (merit/need-based)
Outside Scholarships
Work Study
Federal
College/University
Educational Loans
Alternative

3. Applications to File Free Application for Federal Student Aid (FAFSA)
College Scholarship Service (CSS) PROFILE
Institutional Applications
Check with each institution
State Applications (NYS TAP, NY Excellence, Excelsior)

4. Application Tips Know your deadlines
Keep a folder for each school with copies of what you’ve submitted and the date it was submitted
Find out how schools communicate with you
Respond quickly to requests for additional documentation
Get to know your financial aid counselor
Ask as many questions as you need to, as often as you need

5. Outside Scholarships School Guidance Office
College/University Websites
Online Searches (
Community Groups
Elks, Rotary, YMCA, Boy/Girl Scouting, Volunteer Organizations
Religious Groups
Heritage Scholarships
Credit Unions/Local Businesses
Employer/Corporate Scholarships or Tuition Benefits
Check with employer’s Human Resources/Benefits Office

6. Expected Family Contribution (EFC)
What parents can contribution from income and assets + what student can contribution from income and assets =
EFC
Cost of Attendance (includes tuition and fees, room and board, books and supplies, travel, and miscellaneous personal expenses) – EFC =
Financial Need (met with a combination of federal and institutional aid)
Keep in mind – EFC measures family’s ability, not willingness, to pay

7. How much will you pay? Net Price Calculator (NPC)
Not an official offer of aid, but can help gauge a family's financial strength, approximate any qualifying need-based financial aid that may be offered, and provide an anticipated net price cost to the student

8. What happens after you apply?
Admission Offer
Student got accepted!!!! Congrats…but now what?
Award notifications
Read everything carefully!
Compare offers
Ask questions
Differences between offers
Aid in subsequent years (merit and need-based aid)
Impact of outside scholarships on awarded aid
Next steps (additional application materials, verification)

9. Remember! Know your deadlines for each school
Know your application requirements for each school
Look for outside scholarships
Ask as many questions as you need to and ask questions as often as you need to

10. Questions??