1. FINANCIAL AID PRESENTED BY KATRINA L. SARTIN MATANO, MBA DIRECTOR OF STUDENT FINANCIAL SERVICES & FINANCIAL AID WARNER PACIFIC COLLEGE National Christian College Fairs

2. Why a Christian college? High-quality education from a Christian world view Christian community that emphasizes character development, service and spiritual growth Preparation for life, as well as a living Why Choose a Christian College?

3. Financing a College Education Combination of resources --  Family  Federal Government  State Government  College  Private Sources

4. What is Financial Aid? 4 Financial Aid is money provided to students and their families to help supplement their ability to pay for postsecondary educational expenses. The primary responsibility for postsecondary educational expenses rests with the student and his/her family.

5. Financial Aid Programs Grants  Federal  State  Institutional Scholarships Federal Work-Study Federal Loans  Student  Parent

6. Free Application for Student Financial Aid (FAFSA) Free Standard form that collects demographic and financial information about the student and family Used to apply for federal and state grants, work-study and loans Calculates eligibility for financial aid

7. How is Financial Aid Determined? 7

8. FAFSA4Caster 8 Early Start!  Experience similar to FAFSA on the Web  Allows transfer of FAFSA4Caster data to FAFSA on the Web  Option to apply early for PIN  Increase knowledge of financial aid process & other sources of aid

9. What is the Expected Family Contribution (EFC) Amount family can reasonably be expected to contribute Federal formula used to calculate EFC, based on FAFSA data Stays the same regardless of college

10. Role of the Financial Aid Office Determines Cost of Attendance (COA) Evaluates family’s ability to pay & eligibility:  Expected Family Contribution (EFC) Offers financial aid based on COA & EFC Distributes resources in an equitable manner Counsels families on financial issues 10

11. Cost of Attendance (COA) College responsible for determining Indirect Costs Books / Supplies Transportation Personal Expenses Direct Costs Tuition / Fees Room & Board (if on campus)

12. Financial Aid Formula Cost of Attendance - Expected Family Contribution = Financial Need

13. Scholarships College scholarships  Check deadlines and eligibility criteria OSAC Scholarship Application  February 1, 2013 Early Bird Review & chance to win $500 scholarship  March 1, 2013 final deadline  www.getcollegefunds.org Use free national scholarship searches  www.finaid.org  www.fastweb.org  Other

14. Private and Other Sources Local community organizations Alternative education loans Employers Internet National and Community Service (Americorps) Veterans Benefits Military Service Scholarships (ROTC) Bureau of Indian Affairs (BIA) Grants

15. Special Circumstances Should your circumstances change after you file your FAFSA, contact your college’s financial aid office  Change in employment status  Medical expenses not covered by insurance  Change in parent marital status  Unusual dependent care expenses

16. Financial Aid Calendar Year-Round  Scholarship Search January 1 st  Apply for financial aid using FAFSA March/April  Receive financial aid award letter from college May 1 st  Reply date Summer  Apply for loans August/September  Classes begin, financial aid applied to account Senior Year of High School