1. College Financial Planning Workshop II: Borrowing Money Glow Foundation 2010

2. Page 2 Introductions

3. Page 3 What We Will Discuss Today  Senior Year Calendar Timeline  Student Loans  Financial Aid Review  FAFSA Breakout / AB 540 / Scholarship Search

4. Page 4 Important Dates Handout: Senior year Calendar Timeline

5. Page 5 Financial Aid 101-Loans What’s a loan? When would I need a loan? Things to pay attention to  How much to borrow  Interest rate & fees  Repayment terms Subsidized vs. Unsubsidized Loans

6. Page 6 Financial Aid 101-Loans Federal Perkins Loan (subsidized)  Up to $5,500/year  Repayment starts after 9 months  5% fixed interest rate Federal Stafford Loans  Subsidized or Unsubsidized  4.5% fixed interest rate for subsidized loans  6.8% fixed interest rate for unsubsidized loans  10-year repayment term  Enrolled at least half-time

7. Page 7 Financial Aid 101-Loans Parent PLUS Loans (unsubsidized)  Your parents are the borrowers  Can borrow up to the cost of attendance  8.5% fixed interest rate  Repayment starts either 60 days after loan disbursement or 6 months after graduation  No FAFSA required

8. Page 8 Financial Aid 101-Loans Federal student loans: lower interest and better repayment plans  How do I apply? THE FAFSA Private Loans: higher interest, less favorable terms, and good credit

9. Page 9 Financial Aid 101-Loans Tips: Loan amount may depend on enrollment status Choose federal before private While in your repayment period, always pay at least the minimum balance Make payments on early or on time DON’T BE INTIMIDATED!

10. Page 10 Financial Aid 101-Loans Loan Terminology Activity

11. Page 11 Financial Aid 101-Loans Evaluating Different Loan Options

12. Page 12 Financial Aid 101 Financial Aid Review

13. Page 13 Scholarship Search Guide

14. Page 14 fafsa.ed.gov

15. Page 15 Fill Out Your FAFSA

16. Page 16 Login

17. Page 17 Introduction Page

18. Page 18 Student Demographics Information

19. Page 19 Student Eligibility

20. Page 20 School Selection

21. Page 21 School Selection

22. Page 22 Dependency Determination

23. Page 23 Parent Demographics and Financial Information Materials Needed: Your parents’ income tax forms Your income tax forms

24. Page 24 Sign & Submit

25. Page 25 FAFSA Overview FAFSA Tips: Always click “save” before moving on Fill in all answer boxes before you move on Keep track of questions you’re not sure about Use the “Help and Hints” box

26. Page 26 FAFSA Overview FAFSA Breakout / Scholarship Search

27. Page 27 Recap:  Student Loans  Financial Aid (Review)  FAFSA  Scholarship Search

28. Page 28 Homework: Finish the FAFSA and print out a copy of your FAFSA or SAR

29. Page 29 Questions? (Type presenter name) (Email)