1. Money Matters Presented By The Financial Aid Office

2. Our Goals this morning are to: Help you understand the value of an Oswego education. Raise your awareness of financial opportunities and potential pitfalls. Help you begin to develop a plan to finance your college expenses

3. Our Agenda 1.Introduction 2.Oswego is a great value 3.Financial Aid programs 4.Personal Finances 5.Questions??

4. Oswego Financial Aid Office Your source of all information you may need to prepare for college Web site – www.oswego.edu/financialwww.oswego.edu/financial Free assistance to complete forms and advise you during the financial aid process.

5. Oswego Value Oswego Guarantee –Room and Board will not change for the 4 years you attend Oswego Academic Scholarship Program –Over ??? In Scholarships to ???? Students Excellent Academic Quality Emphasis on excellence in services State supported

6. How do college costs compare?

7. What is Financial Aid ? Financial Aid is money to assist students in paying for college Types of Financial Aid include: –Scholarships –Grants –Loans –Employment

8. Obtaining Financial Aid Complete the FAFSA. – The FAFSA is used to determine your eligibility for: Federal Grants Federal Student Loans Jobs on campus New York State Tuition Assistance (TAP) Apply for other scholarships – Go to www.OSWEGO.edu/financial and select Scholarshipswww.OSWEGO.edu/financial Going into education? – Consider Applying for a TEACH Grant - Go to www.OSWEGO.edu/financial and select TEACHwww.OSWEGO.edu/financial Carefully follow all instructions you receive on your Award Letter and other correspondence

9. Sources of Scholarships College “need based” College “non-need based” programs – Academic, athletic, other talent-related Private business Civic organization Community/high school/Dollars for Scholars Church

10. Other Government Resources and scholarships - Veteran Benefits -ROTC Scholarships and/or stipends -Bureau of Indian Affairs(BIA) Grants -NYS Division of Vocational Rehabilitation

11. Federal Stafford Loan Direct Loans beginning for 2010-11 Subsidized and Unsubsidized Interest rate = 4.5% Repayment Options

12. Other Borrowing Options Parent Loan – Terms Parent’s name 7.9% interest Deferment Option Home Equity Loans New York Helps (new loan for 2010-11) Retirement Accounts Other Alternative Loans – Last Resort – Terms In Student’s Name Requires Co-signor Variable interest Fees

13. Student Employment We recommend students work on campus Student is an excellent way to: -Earn money -Develop contacts and a support system on campus -Establish references for later employment s

14. Overseas Opportunities  Is it possible to afford Study Abroad?  How do I get started? - Make an appt with an advisor in Fin. Aid. - Bring invoice, cost sheets, acceptance letter, financial aid arrangement forms

15. A Word About.. Credit Card Usage and Debt Student Debt Creating and using a personal budget

16. Be Prepared/Be Aware Respond to all emails/correspondence Visit our offices, we’re here to help you.

17. Caution….Don’t be scammed! You should not have to pay for any part of the financial aid process Make sure to use FAFSA.ed.gov and not FAFSA.com Beware of Scholarship search companies You don’t need to pay for help to complete the FAFSA

18. Special Circumstances Lost your job? Parent lost their job? Income been reduced? Unusual medical expenses? If any of these are affecting you, we may be able to help.

19. QUESTIONS ???