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Published byDylan Hicks Modified over 9 years ago
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What is Financial Aid? Financial aid is money from federal, state and private institutions that's used to pay educational costs. The two most prominent sources of aid are: The Government (Federal and State) Colleges and Universities Additionally don’t overlook: Community groups, including religious and civic organizations, professional associations and corporations Billions of dollars in outside scholarships go unclaimed because students don’t apply for them.
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Show Me the Money! Need-Based Grants (FREE MONEY!) – FAFSA & CSS PROFILE Merit-Based Scholarships o Academic Achievement/Test Scores o Athletics o Talent and Service Loans – Subsidized and Unsubsidized Savings Work – Become a Resident Advisor! – Work Study (Financial Aid)
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Financial Aid Worksheet Lingo COA: Cost of Attendance (Includes Tuition, Room & Board, Books and Fees, Transportation) Gap: The difference between how much you and your family can afford to pay and how much the college costs. EFC: Expected Family Contribution. This is determined based on the FAFSA (Free Application for Federal Student Aid)
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Local and National Scholarships Do well academically Pursue your passions Become civic-minded Maintain your resume Research! Research!
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Where to Look! Aspen High School Counseling Site Individual College Financial Aid Offices Local Businesses Clubs and Churches The Web in General
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Helpful Web Sites College in Colorado: www.collegeincolorado.comwww.collegeincolorado.com Scholarships360: www.scholarships360.orgwww.scholarships360.org Scholarship Search: www.fastweb.comwww.fastweb.com FAFSA: www.fafsa.ed.govwww.fafsa.ed.gov CSS Profile: https://student.collegeboard.org/css- financial-aid-profilehttps://student.collegeboard.org/css- financial-aid-profile PIN: www.pin.ed.govwww.pin.ed.gov MPN: www.studentloans.gov U.S. Department of Education: www.studentaid.ed.govwww.studentaid.ed.gov General financial aid information: www.finaid.orgwww.finaid.org
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FAFSA The application and correction portions of the live FAFSA on the Web site will be available for applicants to use on Jan. 1st. www.fafsa.ed.gov Free A Free A pplication FSA for F ederal S tudent A id
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Federal Student Aid Pin
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Financial Aid Timeline Summer Months Research scholarships and work on rough draft essays September-December Complete FAFSA www.fafsa.ed.govwww.fafsa.ed.gov Complete scholarship applications If attending college in Colorado, complete COF at https://cof.college- assist.org/https://cof.college- assist.org/ January Complete and submit FAFSA
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Cost of Attendance Billed Expenses College A College B Tuition $7,500 $38,500 Fees 668 1,200 Room 5,194 6,500 Board 3,450 Total Billed $16,812 $49,650 Unbilled Expenses Books & Supplies $1,698 Transportation 1,200 Personal Expenses 1,942 Total Cost of Attendance $21,652 $54,490
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Student Debt Is Real So smart, so successful – so broke? Don’t become a statistic! For students ages 18-24, one-third of their income is spent on debt Average student loan debt is $29,000 Average student credit card debt is $5,400 at graduation More 21-to-24-year-olds are declaring bankruptcy than graduating from college
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Remember! Prepare Look Apply Never Give Up Have a PLAN to move that mountain!
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