1. Applying for and Understanding Financial Aid and Scholarships
Show Me the Money
Applying for and Understanding
Financial Aid and Scholarships
Ashley Coleman, University of Oregon

2. Agenda What is financial aid Cost of attendance Applying for Aid
Resources to pay for college
Grants & Scholarships
Work-study
Loans
Quick tips
Questions

3. What is Financial Aid?
Funds provided to students & families to help them pay for post-secondary educational expenses
Goal is to make college more accessible for families

4. Cost of Attendance (COA)

5. College Costs to Consider
Both direct and indirect costs are accounted for in the cost of attendance
These vary from college to college
Direct Costs: Tuition & Fees, On-Campus Housing & Meal Plan
Indirect Costs: Books & Supplies, Off-Campus Housing & Meals, Personal Expenses, Transportation, Computer Purchase

6. Average COA at Oregon Colleges

7. UO’s Cost of Attendance (2018-19)
Tuition & Fees $11,898
On-Campus Housing $11,922
Total UO Direct Costs $23,820
Books & Supplies $ 1,146
Personal Expenses $ 2,034
Transportation $
Grand Total $27,366

8. Applying for Aid

9. FAFSA FREE Application for Federal Student Aid
Apply online at beginning Oct. 1
Use 2017 tax year data for application
Use Data Retrieval Tool (DRT) to eliminate error
You’ll need an FSA ID to login & sign

10. New! FAFSA App
Download the myStudentAid app for iPhone or Android

11. Who is Considered a Parent?

12. After Submitting the FAFSA
Review submission screen for Federal Aid estimate

13. ORSAA DACA OregonStudentAid.gov Oregon Student Aid Application
Revised: 8/14/2017
ORSAA
Oregon Student Aid Application
DACA
For Oregon residents only
For DACA and other undocumented students
State of Oregon’s alternative to the FAFSA
ORSAA opens
October 1
The State of Oregon’s alternative to the FAFSA, called the Oregon Student Aid Application or ORSAA, is available to Deferred Action for Childhood Arrivals (DACA) students and other undocumented students. These students, though ineligible for federal aid, are eligible for the Oregon Opportunity Grant, the Oregon Promise Grant, and many OSAC scholarships. The ORSAA is an online application linked through the OSAC website, OregonStudentAid.Gov. It is a separate login from the OSAC student portal.
NOTE for undocumented students, including DACA there are additional residency requirements.
To be eligible for in-state tuition as well as Ford Family Foundation scholarships and the Oregon Opportunity Grant, undocumented students must meet all tuition equity requirements:
Student attended an elementary or secondary/high school in Oregon during all three years immediately prior to earning a high school diploma or leaving school before earning a diploma.
Student attended an elementary or secondary/high school in the United States for at least five years immediately prior to earning a high school diploma or leaving school before earning a diploma.
Student received a high school diploma or GED in Oregon.
Student certifies intention to become a U.S. citizen or lawful permanent resident.
For In-state Tuition
Undocumented students may be eligible for in-state tuition rates at public universities as long as they meet the additional eligibility requirements above. To apply, undocumented students must either
complete an Affidavit and Request for Exemption from Nonresident Tuition and Fees, available at the Admissions Office of each Oregon public university OR submit an official copy of application for registration with a federal immigration program or federal deportation deferral program.
OregonStudentAid.gov

14. CSS Financial Aid Profile
Apply for non-federal financial aid from more than 400 colleges & scholarship programs
Some colleges may require you to complete this application in addition to your FAFSA
Only Reed College and Lewis & Clark in Oregon require the profile
Available now for the year
Complete at

16. CSS Profile
Apply for non-federal financial aid from more than 300 colleges & scholarship programs
Some colleges, especially private colleges, may require you to complete this application in addition to your FAFSA

17. CSS Profile continued
The Profile is administered by the College Board.
Colleges that use the Profile will indicate this on their websites, and provide a link to the Profile website:

18. CSS Profile continued
About 300 colleges (mostly private, but a few public universities as well) require the CSS Profile to be completed for families applying for financial aid
When the Profile is required, it is always in addition to the FAFSA
Colleges use it to determine eligibility for institutional need-based aid, in addition to federal aid

19. Differences between the Profile & FAFSA
Submission dates- Deadlines may vary
Questions specific to each school
Different methodology (Profile factors in if you own your own home for instance). In general, the Profile is more detailed.
Profile requires a minimum student contribution
Greater reliance on professional judgment
Cost- Profile has a per-school fee ($25 for the first school, then $16). Fee waivers are available, and distributed automatically for eligible families.
(source-

20. Completing the PROFILE financial aid application
Your first step is to register for the PROFILE.
Once you are registered, you'll be able to complete the PROFILE application (either the online version or the paper form). Some schools may require you to complete additional forms, such as the Business/Farm Supplement or the Noncustodial Parent's Supplement.
Gather all the material you’ll need to answer the questions. For example, you will have to know the amounts for salary, dividend, and interest income; taxes paid; and the value of any savings and investments.
After completing the application, you'll receive an acknowledgement summarizing your PROFILE information and listing your colleges.
(source: Peterson’s College Guidebook)

21. I’ve Applied for Aid. What’s Next?
Keep an eye out for s from FAFSA
Keep an eye out for s & letters from the colleges you listed on your aid application(s)
Your student will receive a financial aid award letter from each school they are accepted to
The award letter details the cost of attendance and the financial aid they have been offered
Compare award letters to find the best fit financially

22. Types of Aid

23. Options for Paying for College
Savings, Including 529 Plans and IDAs
Gift Aid
Scholarships
Grants
Work-Study
Federal Loans
Subsidized student loan
Unsubsidized student loan
Parent PLUS loan
Alternative Loans

24. Scholarships: Where To Look
Colleges student is applying to
OSAC (oregonstudentaid.gov)
High school guidance office
Parents’ workplace
Local and national businesses
Your church
Community organizations
National search engines
Include name and UO ID on check

25. OSAC Funding Opportunities
OSAC Scholarship Application opens November 1

26. Oregon Promise www.oregonpromise.org
Renewable state grant that covers most tuition at any Oregon community college
Awards for full-time students range from $1,000 to $3,687 per year, minus a $50 co-pay per term
Application open now; deadline June 1, 2019
To qualify, you must:
Receive an OR high school diploma or GED in spring or summer of 2019
Have been an OR resident for at least 12 months prior to community college enrollment
Have a cumulative high school GPA of 2.5+
Accept all state and federal grants awarded
Enroll at least half-time starting Fall term (June graduation)
Eligibility may be subject to an expected family contribution (EFC) cutoff, check website for details

27. University of Oregon Scholarships
Amount
Qualifications
Automatic?
Summit
$6,000/yr
3.8 GPA
1250 SAT/26 ACT
Yes
Apex
$3,000/yr
3.6 GPA
1220 SAT/25 ACT
General University
Up to $2,000
Academic
Stamps
Full tuition & fees, food & housing and enrichment funds
3.85 GPA
1300 SAT/28 ACT
No; 11/1 Admissions App; 11/15 Scholarship App
Presidential
$9,000/yr
No; 2/1 Scholarship App
Diversity Excellence
$6,500/yr
3.0 GPA
Financial Need

28. PathwayOregon Scholarship
Ensures that your full tuition & fees are covered (without using loans) for four years if you qualify
Oregon resident
Graduate from an OR high school in last 2 years
Admission as a first-time freshman
Minimum 3.4 high school GPA
Eligible for a Federal Pell Grant as determined by the FAFSA (complete FAFSA by February 15th)
Students also receive academic support from dedicated advisors

29. Making the Most of Your Financial Aid Possibilities

30. Tips for Students & Parents
Encourage your student to research and apply for scholarships
In October, help your student file their FAFSA
Make sure students are meeting all deadlines
Talk to your student about a financial plan for college and what is affordable for your family
Will you be able to contribute financially to your student’s education?
Check out each college’s net price calculator
If your financial situation has changed (job loss, less income), contact the financial aid office for assistance

31. Contact Information
Ashley Coleman
Assistant Director
University of Oregon
Office of Student Financial Aid & Scholarships

32. Questions?