1. Financial Aid 101 2018/2019 HOW TO FUND YOUR FUTURE
Antelope Valley High School

2. ANTELOPE VALLEY HIGH SCHOOL
Did You Know?
80% of students going to college receive financial aid.
More than $120 billion in financial aid is available.
Financial aid comes from many sources.
The U.S. Department of Education awards more than $120 billion a year in grants, work-study funds, and loans to more than 13 million students. Federal student aid covers such expenses as tuition and fees, room and board, books and supplies, and transportation. Aid also can help pay for other related expenses, such as a computer and dependent care. Thousands of schools across the country participate in the federal student aid programs;
ANTELOPE VALLEY HIGH SCHOOL

3. General Eligibility Requirements
Must be a U.S. citizen or eligible non-citizen
Have high school diploma and/ or General Education Development (GED)
Enroll in an eligible program as a regular student seeking degree or certificate
Be registered with the Selective Service (males only)
May have eligibility suspended or terminated due to a drug-related conviction
ANTELOPE VALLEY HIGH SCHOOL

4. Antelope Valley High School

5. ANTELOPE VALLEY HIGH SCHOOL
What is Financial Aid?
Financial aid is money to help pay for college or career school. Aid can come from:
the U.S. federal government
the state where you live
the college you attend
a nonprofit or private organization
ANTELOPE VALLEY HIGH SCHOOL

6. ANTELOPE VALLEY HIGH SCHOOL
Student Aid Includes…
Grants—financial aid that doesn’t have to be repaid (unless, for example, you withdraw from school and owe a refund)
Loans— borrowed money for college or career school; you must repay your loans, with interest
Work-Study—a work program through which you earn money to help you pay for school
Grants and scholarships are often called “gift aid” because they are free money—financial aid that doesn’t have to be repaid. Grants are often need-based, while scholarships are usually merit-based.
Grants and scholarships can come from the federal government, your state government, your college or career school, or a private or nonprofit organization. Do your research, apply for any grants or scholarships you might be eligible for, and be sure to meet application deadlines!
Certain scenarios may require that a portion or all of the grant funds be repaid, for example, if you withdraw from school before finishing an enrollment period such as a semester.
Loans - If you apply for financial aid, you may be offered loans as part of your school’s financial aid offer. A loan is money you borrow and must pay back with interest.
If you decide to take out a loan, make sure you understand who is making the loan and the terms and conditions of the loan. Student loans can come from the federal government or from private sources such as a bank or financial institution.
Loans made by the federal government, called federal student loans, usually offer borrowers lower interest rates and have more flexible repayment options than loans from banks or other private sources
Federal Work-Study provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study.
ANTELOPE VALLEY HIGH SCHOOL

7. ANTELOPE VALLEY HIGH SCHOOL
Why Work-Study?
It provides part-time employment while you are enrolled in school.
It’s available to undergraduate, graduate, and professional students with financial need.
It’s available to full-time or part-time students.
It’s administered by schools participating in the Federal Work-Study Program. Check with your school's financial aid office to find out if your school participates.
The Federal Work-Study Program emphasizes employment in civic education and work related to your course of study whenever possible.
Jobs are both on campus and off campus. You’ll usually work for your school. If you work off campus, your employer will usually be a private nonprofit organization or a public agency, and the work performed must be in the public interest.
If you’re interested in getting a Federal Work-Study job while you’re enrolled in college or career school, make sure you apply for aid early. Funds are limited.
You’ll earn at least the current federal minimum wage. However, you may earn more depending on the type of work you do and the skills required for the position.
Your total work-study award depends on
when you apply,
your level of financial need, and
your school’s funding level.
ANTELOPE VALLEY HIGH SCHOOL

8. ANTELOPE VALLEY HIGH SCHOOL
Sources of Aid?
Federal government: 73%
Pell Grant, Stafford Loan, Work Study & Middle Class Scholarships
State government: 5%
Cal Grants (A, B, C), CA Dream Act, Chafee Grant
Colleges and Universities: 18%
Scholarships
Private donors, companies, foundations and parents' employers: 4%
ANTELOPE VALLEY HIGH SCHOOL

9. How Financial is Calculated
Expected Family Contribution (EFC)
Your year in school
Enrollment status
Cost of attendance (COA) at the school you will be attending
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school.
They then consider your Expected Family Contribution (EFC).
They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.
To determine how much non-need-based aid you can get, the school takes your cost of attendance and subtracts any financial aid you’ve already been awarded.
ANTELOPE VALLEY HIGH SCHOOL

10. Calculating Your Financial Need
Cost of Attendance
(COA)
Expected Family Contribution
(EFC)
Financial Need
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school. Which includes: Tuition & Fees; Books & Supplies; Room & Board; Transportation; Personal Expenses
They then consider your Expected Family Contribution (EFC), which is based on student and parents financial resources.
The EFC is calculated according to a formula established by law. Your family's taxed and untaxed income, assets, and benefits (such as unemployment or Social Security) all could be considered in the formula. Also considered are your family size and the number of family members who will attend college or career school during the year.
Your EFC is not the amount of money your family will have to pay for college, nor is it the amount of federal student aid you will receive. It is a number used by your school to calculate how much financial aid you are eligible to receive.
They subtract your COA from your EFC to determine the amount of your financial need and therefore how much need-based aid you can get.
To determine how much non-need-based aid you can get, the school takes your cost of attendance and subtracts any financial aid you’ve already been awarded.
ANTELOPE VALLEY HIGH SCHOOL

11. FAFSA or CA Dream Act?
You are eligible to complete the FAFSA if you are a:
Person who has a Social Security number who is either:
A U.S. Citizen
An eligible non-citizen, per the FAFSA definition, or
The holder of a T-visa
A U.S. Citizen, eligible non- citizen or the holder of a T - Visa whose parent is undocumented
You are eligible to complete the Dream Act Application (CADAA):
Student who is not eligible to file the FAFSA and you:
Meet the requirements of AB 540 or AB 2000 and/or
Reside in California with a U-Visa or
Reside in California with a Temporary Protected Status (TPS)
Must have attended a CA school for a minimum of 3 years.
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school.
They then consider your Expected Family Contribution (EFC).
They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.
To determine how much non-need-based aid you can get, the school takes your cost of attendance and subtracts any financial aid you’ve already been awarded.
ANTELOPE VALLEY HIGH SCHOOL

12. ANTELOPE VALLEY HIGH SCHOOL
The FSA ID: What is it?
Students, parents, and borrowers are required to use an FSA ID, made up of a username and password, to access certain U.S. Department of Education websites.
Your FSA ID is used to confirm your identity when accessing your financial aid information and electronically signing your federal student aid documents.
An FSA ID is a username and password that you must use to log in to certain U.S. Department of Education (ED) websites. Your FSA ID identifies you as someone who has the right to access your own personal information on ED websites such as the Free Application for Federal Student Aid site at fafsa.gov.
It’s important to understand that the student and the parent may not share an FSA ID: Your FSA ID is your signature, so it has to be unique to you. If you are a parent of a dependent student, you will need your own FSA ID if you want to sign your child's FAFSA electronically. If you have more than one child attending college, you can use the same FSA ID to sign all applications, but each child must have his or her own. Please note: Each FSA ID user must have a unique mobile phone number and/or address.
Your FSA ID is used to sign legally binding documents electronically. It has the same legal status as a written signature. Don't give your FSA ID to anyone or allow anyone to create an FSA ID for you—not even your parent, your child, or someone helping you fill out the FAFSA. Sharing your FSA ID is like teaching someone to forge your signature; and it could put you at risk of identity theft!
ANTELOPE VALLEY HIGH SCHOOL

13. ANTELOPE VALLEY HIGH SCHOOL
CA Dream Act (AB540)
For undocumented and nonresident documented students
Students eligible for AB540 or AB2000, as well as students who have a U Visa or Temporary Protected Status (TPS) status
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school.
They then consider your Expected Family Contribution (EFC).
They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.
To determine how much non-need-based aid you can get, the school takes your cost of attendance and subtracts any financial aid you’ve already been awarded.
ANTELOPE VALLEY HIGH SCHOOL

14. ANTELOPE VALLEY HIGH SCHOOL
DACA
Deferred Action for Childhood Arrivals (DACA) is a federal process that defers removal action of an individual by USCIS for a specified number of years.
It is not the same as financial aid
It does not grant lawful immigration status
It does allow individuals to apply for an SSN and work authorization
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school.
They then consider your Expected Family Contribution (EFC).
They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.
To determine how much non-need-based aid you can get, the school takes your cost of attendance and subtracts any financial aid you’ve already been awarded.
ANTELOPE VALLEY HIGH SCHOOL

15. What Financial Aid Can A Dreamer Apply For?
Cal Grant, Chafee Grant, Middle Class Scholarship
UC Grants, State University Grants
California Community College (CCC) BOG Fee Waiver
EOP/EOPS
Some University scholarships
Some private scholarships administered by campuses
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school.
They then consider your Expected Family Contribution (EFC).
They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.
To determine how much non-need-based aid you can get, the school takes your cost of attendance and subtracts any financial aid you’ve already been awarded.
ANTELOPE VALLEY HIGH SCHOOL

16. Whose info goes on the FAFSA
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school.
They then consider your Expected Family Contribution (EFC).
They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.
To determine how much non-need-based aid you can get, the school takes your cost of attendance and subtracts any financial aid you’ve already been awarded.
ANTELOPE VALLEY HIGH SCHOOL

17. When NO Parental Information is Needed
Do not provide parent information for:
Foster parent(s) and/or Grandparents, other relatives, or legal guardian(s)
Student is automatically considered an independent student
If you think you may fall into this category, please meet with your counselor to discuss your status.
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school.
They then consider your Expected Family Contribution (EFC).
They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.
To determine how much non-need-based aid you can get, the school takes your cost of attendance and subtracts any financial aid you’ve already been awarded.
ANTELOPE VALLEY HIGH SCHOOL

18. Chafee Foster Youth Eligibility Requirements
To qualify, you must meet the following criteria:
Be a current or former foster youth who was a dependent or ward of the court, living in foster care, between the ages of 16 and 18.
Youth who are/were in Kin-GAP, a non-related legal guardianship or were adopted, are eligible only if the youth was a dependent or ward of the court, living in foster care, between the ages of 16 and 18.
Not have reached your 22nd birthday as of July 1st of the award year.
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school.
They then consider your Expected Family Contribution (EFC).
They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.
To determine how much non-need-based aid you can get, the school takes your cost of attendance and subtracts any financial aid you’ve already been awarded.
ANTELOPE VALLEY HIGH SCHOOL

19. Homeless, Unaccompanied Youth
If any time after July 1, 2015, the student meets all three criteria “Homeless” or “at risk of being homeless”
Lacks fixed regular and/ or adequate housing,
students living in shelters, motels, cars or parks, or who are temporarily living with other people because they have nowhere to go
If you are fleeing an abusive parent(s) who would otherwise provide the student with financial support and a place to live.
Please see your counselor individually
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school.
They then consider your Expected Family Contribution (EFC).
They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.
To determine how much non-need-based aid you can get, the school takes your cost of attendance and subtracts any financial aid you’ve already been awarded.
ANTELOPE VALLEY HIGH SCHOOL

20. ANTELOPE VALLEY HIGH SCHOOL

22. ANTELOPE VALLEY HIGH SCHOOL
Cal Grants A, B, and C
Cal Grant A Entitlement Awards
Minimum GPA 3.0
Low-mid income
Cal Grant B Entitlement Awards
Minimum GPA 2.0
Low income
Cal Grant C Entitlement Awards
Vocational Education Only
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school.
They then consider your Expected Family Contribution (EFC).
They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.
To determine how much non-need-based aid you can get, the school takes your cost of attendance and subtracts any financial aid you’ve already been awarded.
ANTELOPE VALLEY HIGH SCHOOL

23. ANTELOPE VALLEY HIGH SCHOOL
Key Dates
October
FAFSA and Dream Act Applications Open
Online CA Dream Act Application opens
November
Complete College Applications (CSU/UC) before November 30th
March 2
March 2, is the priority financial aid filing deadline for most colleges and universities
After March 2
Some colleges, especially community colleges, accept the CA Dream Act Application throughout the year.
Check with your campus Financial Aid Office.
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school.
They then consider your Expected Family Contribution (EFC).
They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.
To determine how much non-need-based aid you can get, the school takes your cost of attendance and subtracts any financial aid you’ve already been awarded.
ANTELOPE VALLEY HIGH SCHOOL

24. ANTELOPE VALLEY HIGH SCHOOL
Websites
FAFSA
FSA ID
ANTELOPE VALLEY HIGH SCHOOL

25. Finalizing Financial Aid
Spring:
School Visits
Review Acceptance Letters
Compare Financial Aid Offers
Contact School’s Financial Aid Office
KNOW THE DEADLINES!
confirm your financial aid through webgrants
Commit and Submit Deposit
ANTELOPE VALLEY HIGH SCHOOL

26. ANTELOPE VALLEY HIGH SCHOOL
Resources
FAFSA -
CA Dream Act -
FSA ID –
WebGrants -
Chafee Grant -
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school.
They then consider your Expected Family Contribution (EFC).
They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.
To determine how much non-need-based aid you can get, the school takes your cost of attendance and subtracts any financial aid you’ve already been awarded.
ANTELOPE VALLEY HIGH SCHOOL

27. Fund Your Pathways to Success!
Field trip at AVC on January 16th.
Learn more details about FAFSA, Cal Grants and Loans!
Sign up today at
This workshop is for ANYONE attending Community College or University
(Find this link on AVHS website- under Guidance)

28. Help is Here!
January 2, 3 and 4- Career Center will be open from 9am-12pm
to assist with FAFSA , DACA applications
January 27, Session 4 , Cookies , Cocoa and College
Personal assistance with FAFSA, DACA , Webgrants and Scholarships