1. Your Student Aid Agency New York State Higher Education Services Corporation

3. HESC v High School Counselors’ student financial aid resource v Help students prepare and pay for college

4. Types of Financial Aid? v Grants-free money v Scholarships-free money v Employment opportunities v Loans

5. Sources of Financial Aid v New York State v Federal government v Colleges v Private sources

6. Grants v Usually based on need; sometimes on other factors v Do not have to be repaid v Examples:  Federal Pell Grant  New York State Tuition Assistance Program (TAP)

7. Scholarships  Based on academic ability, talent or special circumstances  Do not have to be repaid  May have a service component

8. New York State Tuition Assistance (TAP) v Undergraduates v Full-time and part-time study v Tuition at eligible colleges in NYS v Up to $5,000 per year

9. v Type of academic institution and tuition v NYS net taxable income v Up to $80,000 combined family income for dependent undergraduate student, married students, or student with tax dependents v Up to $40,000 for married students with no tax dependents v Up to $10,000 for single independent students with no dependents TAP Awards

10. Other New York State Programs v Aid for Part-time Study (APTS) v Veterans Tuition Award v NYS Scholarships for Academic Excellence v NYS Math & Science Teaching Incentive Program v World Trade Center Memorial Scholarship v Military Service Recognition Scholarship

11. Loans  Federal Loans  Direct Subsidized Loan  Direct Unsubsidized Loan  Direct PLUS Loan  Perkins  New York State Loan  NYHELPs

12. Federal Aid Eligibility To receive, a student must: v Have a high school diploma or equivalent, such as a GED v Be enrolled or accepted for enrollment as a matriculated student working toward a degree or certificate in an eligible program v Be a U.S. citizen or eligible non-citizen

13. Federal Aid Eligibility v Have a valid Social Security Number v Make academic progress v Register with Selective Service, if applicable v Sign a statement of educational purpose and a certification statement on overpayment and default, both found on the FAFSA

14. New York State Aid Eligibility To receive, a student must: v Be a New York State resident v Attend and be matriculated at an eligible school in New York State v Meet other eligibility criteria for specific programs

15. Definition of Need Cost of Attendance (COA) – Expected Family Contribution (EFC) = Financial Need

16. Cost of Attendance  Expenses related to a disability  Dependent or elder care expenses  Expenses for study abroad, cooperative education programs  Tuition & fees  Books & supplies  Room & board  Transportation  Misc. personal expenses  Loan fees

17. FAFSA.gov

18. FAFSA Preparation v FAFSA4caster.ed.gov  Use to pre-fill the FAFSA v Pre-application worksheet & built-in edits to help prevent costly errors v Paper FAFSA available at www.FSAPubs.gov

19. Apply for TAP

20. TAP Deadline v June 30 – same as FAFSA deadline

21. Tips  Complete the FAFSA every year  Complete the FAFSA early – available January 1st  Meet all deadlines  Keep copies of all forms  Contact the college financial aid administrator if your financial situation changes

22. NYHELPs: v Apply for and receive all grants, scholarships and federal loans available  Compared to other loans with variable rates NYHELPs saves money over the life of the loan  Students who are NYS residents attending participating NYS schools  To apply: Visit HESC.org/NYHELPs

23. High School Counselors HESC is your information source for college and career planning and student financial aid information.

24. HESC.org

25. HS Counselor Newsletter

26. Link to HESC v Link HESC to your school’s website

27. Web “Jump Page” v Available to link to HESC.org

28. HESC Additional Resources

29. HESC E-Library v Use HESC articles in your student and parent newsletters

30. Ordering HESC Publications

31. HESC Publications

32. New High School Publication

33. HESC HS Calendar

34. Financial Aid Calculators

35. HESC Financial Literacy

36. Student Financial Aid Month

37. vFinancial Aid Basics seminars vComplete the FAFSA Workshops at schools and local community centers vFAFSA Hotline vRegional information available at StartHereGetThere.org

38. Student Financial Aid Month StartHereGetThere.org

39. Get the FACTS v Financial Awareness and Consumer Training for Students  Financial literacy curriculum for your students  HESC professional staff will train your staff to present  HESC staff will present to your students at your location

40. FACTS Training Outline v Importance of Completing High School and College v Identify Needs vs. Wants v Develop a Spending Plan v Use of Debit vs. Credit Cards v Prevent Identity Theft

41. FACTS: Money Wise 411 v Helps students develop skills to avoid credit card debt

42. FACTS Presentations v Contact: Pamela Jerome (518) 402-3521

43. Helpful Web Sites v HESC.org v FinAid.org v StudentAid.ed.gov v FAFSA.gov v CollegeBoard.com

44. QUESTIONS? Joe Gorman jgorman@HESC.org 518-486-6281