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Published byAlbert Wiggins Modified over 9 years ago
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How do I pay for college?
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Summary What Can I Do Now? Types of Aid Application Process Tips for Financial Success in College
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What Can I Do Now? Save, Save, Save!!! Get Involved Scholarship Applications High School Counselor Community Foundations Google and Online Scholarship Search Engines Warning: Should not have to pay for scholarships - Scams Create a Budget - Calculators
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Types of Aid Merit Based - G.P.A, Test Scores Grants and Scholarships Need Based - Financial Need Grants Scholarships Loans
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Types of Aid ● Money given, paid or loaned to help pay for college Gift Aid Grants and Scholarships (free money) Self-Help Aid Work-Study (job opportunity to earn money) Loans (money borrowed that must be repaid)
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Application Process Admission Application Local Applications Online Applications Free Application for Federal Aid (FAFSA)
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FAFSA www.fafsa.ed.gov www.fafsa4caster.ed.gov Expected Family Contribution (EFC) Can File earliest January 1st for Fall Semester - First Come, First Serve Special Condition Application College Goal Sunday
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WWW.FAFSAWWW.FAFSA.ED.GOV
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FAFSA WORKSHEET Save time by completing a worksheet before accessing FOTW Order Worksheets at www.fsapubs.org or by phone at 1-800-4-FED-AID www.fsapubs.org
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FAFSA PROCESS Student Central ProcessorCollege
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TEACH Grant $4000 per year - Grant - Loan if do not fulfill teaching obligation Teach at least 4 years in high need areas/low income (within 8 years of graduation) Sign Service Agreement Each Year Counseling Maintain 3.25 GPA or score above the 75th percentile on national standardized college admissions test Must document teaching service after graduation
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Tips for Financial Success in College Watch the extra payments - Cell, Car, Credit Cards Use care when borrowing Really think about want vs need Stick to your budget Work part time Don’t stop looking for scholarships
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