1. Financial Aid Presentation NCASFAA/ NCSEAA 1 Financial Aid for College

2. Financial Aid Presentation NCASFAA/ NCSEAA 2 Scope of this Workshop What is financial aid? College costs Applying for financial aid Alternatives How to complete a FAFSA

3. What is Financial Aid? Grants Scholarships Loans Employment Financial Aid Presentation NCASFAA/ NCSEAA 3

4. 4 College Costs Tuition Required fees Room Meals Books and Supplies

5. Financial Aid Presentation NCASFAA/ NCSEAA 5 College Costs Transportation and miscellaneous personal expenses, including documented costs for a personal computer Loan fees

6. Financial Aid Presentation NCASFAA/ NCSEAA 6 Applying for Federal Financial Aid Free Application for Federal Student Aid (FAFSA) – Required for all types of federal aid – Use the worksheets available from high schools & financial aid offices to complete the online form. 99% of forms are filed online! – Paper forms can be obtained by calling 800-4-FED-AID (1-800-433-3243) – Complete on the Web at www.fafsa.ed.gov after January 1st, preceding the academic year – Results sent electronically to institutions listed by student on FAFSA and to the student (if you provide your email address)

7. Financial Aid Presentation NCASFAA/ NCSEAA 7 Applying for State Financial Aid The FAFSA is the application for most major state programs: – NC Education Lottery Scholarship – UNC Need-Based Grant – NC Student Incentive Grant – EARN (new in 2008-2009)

8. Financial Aid Presentation NCASFAA/ NCSEAA 8 Where can you find truly free information about financial aid? Contact College Foundation of North Carolina at CFNC.org or toll free at 866-866-CFNC – Service of the State of North Carolina Talk to the financial aid administrator at the college of choice Ask your high school counselor or visit the local library Apply for federal financial aid at FAFSA.ed.gov (notice it is not FAFSA.com!)

9. Financial Aid Presentation NCASFAA/ NCSEAA 9 Applying for Financial Aid Additional documentation may be required… for VERIFICATION of information – Tax returns – Untaxed income (Social Security, Child support, other) – Family size – Family members attending college – Other...

10. Financial Aid Presentation NCASFAA/ NCSEAA 10 Special Circumstances Significant change in your family… – Unemployment of a parent – Death in the family – Change in parents’ marital status – Medical expenses not covered by insurance – Student cannot obtain parent information Notify the financial aid office at your college of any special circumstances. Be prepared to provide documentation of any change, including the financial impact of the change.

11. Financial Aid Presentation NCASFAA/ NCSEAA 11 Sources of Financial Aid Federal Government State Programs Institutional funds Outside agencies

12. Financial Aid Presentation NCASFAA/ NCSEAA 12 Types of Financial AidGift Scholarships GrantsSelf-help Loans Employment

13. Financial Aid Presentation NCASFAA/ NCSEAA 13 Federal Aid Programs Federal Pell Grant Academic Competitiveness Grant National SMART Grant Federal Supplemental Educational Opportunity Grant Federal Work-Study Federal TEACH Grant (loan) Federal Perkins Loan Federal Stafford Loan

14. Financial Aid Presentation NCASFAA/ NCSEAA 14 North Carolina Aid Programs (partial listing) NC Student Incentive Grant NC Education Lottery Scholarship UNC Need-Based Grants Nurse Scholarships/Loans Teacher Scholarships/Loans

15. Financial Aid Presentation NCASFAA/ NCSEAA 15 Outside Aid Outside Agencies Local organizations Churches Civic Groups Parents’ employers Veterans Administration Vocational Rehabilitation Services

16. Financial Aid Presentation NCASFAA/ NCSEAA 16 Is that all there is? Federal Stafford Loans Federal PLUS Loans for parents of dependent students

17. Financial Aid Presentation NCASFAA/ NCSEAA 17 Is that all there is? Private Alternative Loans for students – Last resort--Always apply for federal loans first! College Payment Plans Outside Scholarships

18. Financial Aid Presentation NCASFAA/ NCSEAA 18 Additional Information College Foundation of North Carolina www.cfnc.org www.cfnc.org The Student Guide – Published by US Department of Education www.ed.gov/prog_info/SFA/StudentGuide www.ed.gov/prog_info/SFA/StudentGuide Student Financial Aid for North Carolinians – www.cfnc.org/fabook www.cfnc.org/fabook www.finaid.org Publications in local libraries

19. FAFSA on the Web’s Homepage

20. Before Beginning a FAFSA Overview Gather the documents you need Print a FAFSA on the Web Worksheet Plan how to sign your FAFSA Apply for a PIN now! Check your eligibility for federal student aid Financial Aid Presentation NCASFAA/ NCSEAA 20

21. Personal Identification Number (PIN) Financial Aid Presentation NCASFAA/ NCSEAA 21 Web site: www.pin.ed.gov Sign FAFSA electronically Can request PIN now. Not required, but speeds processing Students and parents each need a PIN. Will be used multiple years.

22. After completing the FAFSA, student and parent (if dependent) must sign by: – Entering PIN Both student and one parent should each have PINs OR – Print signature page, sign and mail to address provided within 7 days Financial Aid Presentation NCASFAA/ NCSEAA 22 Signing the FAFSA

23. Summary Lots of aid available from federal and state governments Get a PIN now! www.pin.ed.govwww.pin.ed.gov Student and parent must each have a PIN Complete forms by deadlines Use www.fafsa.ed.gov to complete, sign and submit application.www.fafsa.ed.gov Financial Aid Presentation NCASFAA/ NCSEAA 23

24. Financial Aid Presentation NCASFAA/ NCSEAA 24 Summary Respond promptly if additional information requested – Tax returns or other information College will notify via email, Web or mail of aid eligibility Student should follow colleges’ instructions to accept or decline aid offered.

25. Financial Aid Presentation NCASFAA/ NCSEAA 25 Questions?