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Four Ways to Pay for College 1.Scholarships 2.Grants 3.Loans 4.Work Study PAYING FOR COLLEGE
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How to apply for the free gift money available for college attendance. SCHOLARSHIPS
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TYPES OF SCHOLARSHIPS Merit-Based Academics Special talents Athletic Community service Need-Based Based on financial need Different needs based scholarships will have differing levels of income and financial requirements as to what constitutes “financial need.” FAFSA is the document that shows financial need
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Be as well rounded as possible Scholarship committees look at: GPA Honors, AP & CE classes ACT, SAT I, and SAT II scores Involvement in clubs, activities, athletics, and community Work Family responsibilities HOW CAN I GET MORE?
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Largest scholarships come from the colleges themselves Be sure to request the scholarship/financial aid applications when you apply Most applications for all types of scholarships are found on the web Each school has a specific way to apply What sets you apart from other outstanding seniors? WHERE DO I START?
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REGENT’S SCHOLARSHIP Base Award = $1000 one-time payment Complete the Utah Scholars Core Courses CUM GPA 3.0 No individual grade lower than a “C” in the required core courses. ACT Score Reported “P” and “I” grades are not accepted US Citizen No criminal record Enroll full-time at an eligible Utah institution of higher education Fall semester. Exemplary Award = $1250 per semester Must meet the Base Award Requirements CUM GPA 3.5 No individual grade lower than a “B” in the required core courses. Have an ACT score of 26 Students apply for the Regents’ Scholarship by February 1 of their senior year of high school. It is the student’s responsibility to understand the requirements of the scholarship. Students apply for the Regent’s scholarship by Feb. 1 st of their senior year of high school.
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USE RESOURCES WITHIN SCHOOLS Free scholarship searches Fastweb.com Utahfutures.org Scholarship Board School Website
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“This scholarship is guaranteed or your money back.” “You can’t get this information anywhere else.” “May I have your credit card or bank account number to hold this scholarship?” SCHOLARSHIP SCAM WARNING!
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FAFSA (After January 1 st ) Based on the information you enter into the FAFSA, you can qualify for different types of financial aid, including grants, student loans, and work study. Apply for a Personal Identification Number (PIN) at www.pin.ed.govwww.pin.ed.gov Go to www.fafsa.ed.govwww.fafsa.ed.gov http://www.youtube.com/watch?v=c-23SMf5DyQwww.youtube.com/watch?v=c-23SMf5DyQ 1 ST STEP
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Grants are awarded to students based on financial need. Like scholarships, grants don’t have to be paid back. The U.S. department of Education uses the information reported in the FAFSA to determine your eligibility. GRANTS
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Loans are a form of financial aid that must be repaid. The interest rates on federal student loans are generally low. When considering a loan, you need to read the terms of the agreement carefully. Be wise about the amount of money you borrow ! LOANS
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Work study allows eligible students to earn money through a part-time job. The financial aid or student employment office at your college can help you find a work study job. WORK STUDY
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Institution Fall Admission Deadline/App Fee Scholarship Application Deadline Financial Aid Priority Deadline Brigham Young University www.byu.edu Priority December 1 Final February 1 $35 February 1 May 1 Dixie State University www.dixie.edu Open $35 March 1 March 1 LDS Business College www.ldsbc.edu 10 days prior to semester $35 March 1 July 1 Salt Lake Community College www.slcc.edu Open $40 March 1 April 1 Snow College www.snow.edu Open $30 March 1 June 1 Southern Utah University www.suu.edu May 1 $50 Priority December 1 July 1 University of Utah www.utah.edu Priority December 1 Regular April 1 $45 Varies April 1 Utah College of Applied Tech. www.ucat.edu Year-Round Year-Round Year-Round Utah State University www.usu.edu April 1 $40 Priority December 1 March 15 Utah State University Eastern www.eastern.usu.edu Open $40 March 1 March 1 Utah Valley University www.uvu.edu August 1 $35 First Priority February 1 Varies Weber State University www.weber.edu Open $30 Priority January 13 March 1 Westminster College www.westminstercollege.edu Rolling $50 Priority March 1 Exemplary Award February 15 Rolling FACTS-AT-A-GLANCE 2013-2014
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Utah’s official nonprofit 529 college savings plan. Requires no minimum or ongoing contributions Has among the lowest fees of all 529 plans, the Public Treasures’ Investment Fund option there are no fees. Claim your tax credit Pick a school, any school. Enroll online at uesp.org UTAH EDUCATIONAL SAVINGS PLAN
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SEOP/CCR
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The following orientation times have been scheduled: Taylor Health Science Building, 6-7 pm (next to the hospital) February 10 th – Desert Hills High School February 11 th – Dixie High School February 12 th – Snow Canyon High School/Tuacahn February 13 th – Pine View High School CONCURRENT ENROLLMENT
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HOW TO START SHMOOPING 1- Go to http://www.shmoop.com/utah/ http://www.shmoop.com/utah/ 2- Find your High School 3- Click “Let’s Go!” 4- Answer “Yes” –if you have created a Shmoop account for yourself 4- Answer “No” –if you have never signed into Shmoop 5- Enter Magic Word: ARCHES
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Questions?
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