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Published byBethany Jennings Modified over 9 years ago
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Now that I’ve applied to college… how do I pay for it? Grants and scholarships – money that you do not have to pay back Work-Study – your college can help you find a part-time job on or off campus – Loans – money that you borrow that must be repaid with interest – you should always take out federal loans first – VERY low interest rates !
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What you need to know ~ Deadline dates Private colleges set their OWN deadlines – make sure you check individual college websites – most will be due in early 2009, typically in January or February Public universities in California use March 2 nd as a deadline
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What do I need to file? FAFSA – Free Application for Federal Student Aid (can begin to file on 1/1/12) The first step in the financial aid process Use it to apply for federal student aid, such as grants, loans, and work-study Most states and colleges use the FAFSA to award non-federal aid Private AND public colleges use FAFSA to figure out your financial aid package
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What can I do before 1/1/12 regarding the FAFSA? You can apply for your PIN at www.pin.ed.gov before beginning your FAFSA www.pin.ed.gov Since the FAFSA has parent information required, one parent needs to apply for a PIN (their own) at www.pin.ed.gov www.pin.ed.gov You can consult with private college financial aid offices if you have special circumstances!
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And, once you’re enrolled in college…. You will have a chance to re-apply for more financial aid consideration….so do know that financial support will be available to you AFTER you enter college, too! Don’t miss any deadlines – and see your college counselor with any questions!
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FAFSA – continued What is the EFC? Expected Family Contribution – Your answers on the FAFSA help determine what your family can contribute for your college expenses How do I find out what my EFC is? FAFSA sends you a Student Aid Report (SAR) after you fill it out; on the SAR is listed your Expected Family Contribution
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How do colleges know my financial need? You will list your colleges on the FAFSA form and they will electronically receive your information – including the Expected Family Contribution. Financial need is the difference between your EFC and your college’s cost of attendance (which can include living expenses).
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When do I hear about my scholarship/financial aid? Typically you will hear about the same time you hear about admissions. Financial aid is ‘paid’ to you through the college, so your award will go directly to tuition and room and board fees.
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What is the PROFILE? The PROFILE is a service of the College Board. Colleges (private) use the information to help them award private grant and scholarship funds. Not every college uses the PROFILE – a list is available on-line at www.collegeboard.com – click on Pay for College – and then CSS/PROFILE www.collegeboard.com
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PROFILE, continued The PROFILE adds more information about your financial situation (remember, the FAFSA is required for ALL post- secondary institutions if you are applying for aid) You can provide explanations about special circumstances so that decisions about $$$ are made with as much information as possible.
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When should I file the PROFILE? You can register for the PROFILE right now – at www.collegeboard.com. Click CSS/PROFILE under “Pay for College” www.collegeboard.com After you register, you will be able to fill out your application for those colleges that REQUIRE the PROFILE (Santa Clara does, for example; St. Mary’s in Moraga does not)
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Check the following: Naviance, under Scholarships, for local and national scholarships www.fastweb.com – create a free account for yourself for weekly scholarship updates www.fastweb.com College counseling e-mails on the Notre Dame site since we send out notices weekly with scholarship opportunities
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