1. SCHOLARSHIPS, GRANTS, LOANS, WORK STUDY
FINANCIAL AID
SCHOLARSHIPS, GRANTS, LOANS, WORK STUDY

2. FINANCIAL AID
Financial aid is money to help pay for college. It comes from the federal and state governments, colleges and universities, banks, and organizations. Applying for financial aid is a separate process from applying for admission to a college. You have to do both.

3. TYPES OF FINANCIAL AID GRANTS SCHOLARSHIPS STUDENT LOANS WORK STUDY
NEED BASED. ELIGIBILITY IS DETERMINED BY INFORMATION SUBMITTED THROUGH FAFSA(FREE APPLICATION FOR FEDERAL STUDENT AID)
FEDERAL GRANTS INCLUDE PELL GRANT
STATE GRANTS OKLAHOMA TUITION AID GRANT AND OTHERS)
SCHOLARSHIPS
MOST SCHOLARSHIP MONEY RECEIVED WILL BE FROM COLLEGE YOU PLAN TO ATTEND
NEED BASED SCHOLARSHIPS FROM UNIVERSITIES ARE BASED OFF FAFSA
MERIT SCHOLARSHIPS FROM UNIVERSITIES ARE BASED OF TEST SCORES, TRYOUTS, ATHLETIC AWARDS, ETC
THIRD PARTY SCHOLARSHIPS FROM NON PROFIT ORGANIZATIONS, ESSAY CONTESTS, PRIVATE BENEFACTORS.
STUDENT LOANS
TWO TYPES(BOTH BASED ON FAFSA)
FEDERAL STUDENT LOANS THROUGH COLLEGE FINANCIAL AID OFFICE-TYPICALLY LOWER INTEREST RATES AND DO NOT START PAYING BACK UNTIL COMPLETED COLLEGE
PRIVATE BANK STUDENT LOANS TYPICALLY HAVE HIGHER INTEREST RATES AND PAYBACK LIMITS
WORK STUDY
NEED BASED JOBS AT SCHOOL YOU ARE ATTENDING. BASED OFF OF FAFSA

4. FAFSA(FREE APPLICATION FOR FEDERAL STUDENT AID)
AS YOU CAN SEE FAFSA EXTREMELY IMPORTANT FOR FINANCIAL AID
You and your parents will use completed 2016 tax information to submit the 2018/2019 FAFSA, available beginning October 1.
You can save time by using the IRS Data Retrieval Tool, which automatically takes information from your tax return and fills in required information on the FAFSA form.
BE AWARE OF SCAMS. YOU SHOULD NEVER HAVE TO PAY TO COMPLETE FAFSA

5. SEE HANDOUTS REGARDING FAFSA

6. STUDENT LOANS FEDERAL STUDENT LOANS PRIVATE BANK STUDENT LOANS
BASED ON FINANCIAL NEED FROM FAFSA
TWO TYPES SUBSIDIZED AND UNSUBSIDIZED
INTEREST RATES LOWER
PAYBACK TERMS BEGIN WHEN OUT OF SCHOOL IN MOST CASES 6 MONTHS
PRIVATE BANK STUDENT LOANS
CAN BE BASED ON FAFSA BUT NOT ALWAYS
HIGHER INTEREST RATES
PAYBACK TERMS BEGIN JUST LIKE AUTO LOAN, ETC

7. WORK STUDY OFFERED THROUGH UNIVERSITY
BASED ON FINANCIAL NEED FROM FAFSA
WORK FOR THE SCHOOL IN ANY OF THE VARIOUS DEPARTMENTS AND PORTION OF PAY IS USED TO OFFSET COST OF COLLEGE.
WORK SCHEDULE IS WORKED AROUND STUDENTS CLASS SCHEDULE

8. SCHOLARSHIPS
MAJORITY OF ALL SCHOLARSHIP MONEY AWARDED WILL COME DIRECTLY FROM SCHOOL YOU PLAN TO ATTEND.
NEED BASED SCHOLARSHIPS
BASED ON FINANCIAL NEED FROM FAFSA
MERIT BASED SCHOLARSHIPS
ACADEMIC SCHOLARSHIPS BASED ON COLLEGE ENTRANCE EXAM SCORES
DEPARTMENTAL/COLLEGE ACADEMIC SCHOLARSHIPS BASED ON DECLARING MAJOR IN THAT FIELD AND COLLEGE ENTRANCE EXAM SCORES.
PERFORMANCE BASED SCHOLARSHIPS(BAND, CHOIR, AND CHEER). USUALLY BASED ON A TRYOUT PROCESS. OUR DIRECTORS AND COACHES USUALLY GET THIS INFORMATION AND PROVIDE TO STUDENTS.
ATHLETIC SCHOLARSHIPS-OBTAINED THROUGH RECRUITING PROCESS FROM COLLEGE COACHES FOR VARIOUS SPORTS.

9. THIRD PARTY SCHOLARSHIPS/CONTESTS
These are scholarhips that I put information out on website and facebook page.
Oklahoma City Community Foundation
Essay Contests
Fastweb.com
Scholarships.com
Scholarship handbook
Scholarship bulletin
NEVER EVER PAY SOMEONE FOR SCHOLARSHIPS OR SCHOLARSHIP SEARCHES.

10. CONTACT cmoses@joneshs.k12.ok.us (405)399-6863