1. Financial Aid

2. What does it cost to go to school?
UVSC
University of Utah
Salt Lake Community College
UCLA
Others

3. What Does Financial Aid Cover?
Tuition
Fees
Books
Transportation
Computers (Just once)
Living expenses.

4. Types of Financial Aid Scholarships Grant Stafford Loans
Unsubsidized Loan
Work Study

5. Scholarships School Private
Based on Academic or Athletic performance the school is going to waive tuition.
Private
For whatever reason someone else is giving you money.
Beauty Pageants
Tall
Community Service

6. Grants The government gives you money to finish school
LEAP
PELL
You must be 24 to qualify for most grants

7. Stafford Loans
Student loan that doesn’t accrue interest until graduation or no longer qualifies
To keep a loan students must be…
In good academic standing
A full-time student
Have a qualifying income

8. Unsubsidized Loans
These are similar to Stafford loans but the Interest starts accruing immediately.
These are the easiest loans to get.

9. Work Study The government will pay you to work for the school.
Students get paid if they work in their projected field
There are hundreds of these.

10. Who Can Get Financial Aid?
Need Based.
Your income
Parents Income (until you are 24)
Academic Progress

11. Where Can You Use Financial Aid?
Universities
State Colleges
Community Colleges
Private Schools
Trade Schools
Basically and post high school education.

12. 529 Plans A state sponsored plan to encourage higher education.
Prepaid
Savings

13. Savings Plan
An account is started for the student with the money going to pay for college expenses.
The money is invested in
Stocks
Bonds
Money Markets
The closer the student gets to college the more safe the investments

14. Prepaid
The cost of tuition at a specific institution is price locked when you pay.
Must be used at a specified institution.

15. Advantages All money is income-tax free.
The beneficiary can be changed at any time.
Money can be used to pay for tuition, fees, room, board, books, supplies and required equipment.
Protected from bankruptcy

16. Disadvantages There is a fee when you begin a 529 Plan
If you take out the money for some other purpose than college there is a financial penalty.