1. 2009 Financial Aid Seminar Presented by: MOREHOUSE COLLEGE UPWARD BOUND MATH/SCIENCE PROGRAM Maynard Evans High School Orlando, FL

2. College Expenses covered by Financial Aid l Tuition & Fees l Room & Board l Transportation l Books and Supplies l Personal Expenses

3. SOURCES OF FINANCIAL AID l FEDERAL GOVERNMENT l STATE AID l INSTITUTIONAL AID l PRIVATE ORGANIZATIONS

4. FEDERAL STUDENT AID PROGRAMS l PELL GRANT l SEOG l LOANS l WORK-STUDY

5. PELL GRANT l FREE MONEY PROGRAM l FEDERALLY BASED l $5350 (2009- 2010 Award)

6. SEOG SUPPLEMENTAL EDUCATIONAL OPPORTUNITUY GRANT l FREE MONEY l CAMPUS BASED l ELIGIBILITY BASED ON EXPECTED FAMILY CONTRIBUTION (EFC) COST OF ATTENDANCE ENROLLMENT STATUS l MAXIMUM AMOUNT VARIES RANGE: $100 - 4000

7. FEDERAL STAFFORD LOAN CLASSDEPENDENT (SUBSIDIZED) INDEPENDENT (SUBSIDIZED) FRESHMAN$5,500 ($3,500) $9,500 ($3,500) SOPHOMORE$6,500 ($4,500) $10,500 ($4,500) JUNIOR$7,500 ($5,500) $12,500 ($5,500) SENIOR$7,500 ($5,500) $12,500 ($5,500)

8. FEDERAL PLUS LOAN l PARENTS CAN BORROW UP TO THE COST OF EDUCATION MINUS OTHER FINANCIAL AID l FIXED INTEREST RATE OF 7.90% l ALSO MUST PAY A DISBURSEMENT FEE (up to 4%)

9. FEDERAL PLUS LOAN l REPAYMENT OPTIONS: 60 days after full disbursement Six months after enrollee drops below half time enrollment l COMPLETE FEDERAL PLUS LOAN APPLICATION AND SUBMIT TO THE FINANCIAL AID OFFICE

10. PERKINS STUDENT LOAN l DESIGNED TO MAKE LOW- INTEREST (5%), LONG-TERM LOANS DIRECTLY TO STUDENTS IN NEED

11. COLLEGE WORK / STUDY FEDERAL GOVERNMENT PAYS A PERCENTAGE OF THE WAGES FOR STUDENTS WHO WORK PART-TIME NOTE: Student’s responsibility to find employment.

12. STATE STUDENT AID PROGRAMS l Georgia Equalization Grant l HOPE Scholarship

13. STATE AID l HOPE SCHOLARSHIP l GA TUITION EQUALIZATION GRANT PROGRAM l GOVERNOR'S SCHOLARSHIP REGULATIONS l LAW ENFORCEMENT PERSONNEL DEPENDENTS GRANT PROGRAM REGULATIONS l LEVERAGING EDUCATIONAL ASSISTANCE PARTNERSHIP PROGRAM GRANT l NORTH GEORGIA COLLEGE AND STATE UNIVERSITY R.O.T.C. GRANT l PUBLIC SAFETY MEMORIAL GRANT PROGRAM

14. INSTITUTIONAL AID VARIES Institutional Scholarships process usually begins with the completion of the application process.

16. SATISFACTORY ACADEMIC PROGRESS (SAP)

17. HOW DO YOU OBTAIN FEDERAL OR INSTITUTIONAL AID? FAFSA Financial Aid Office Other Agencies

18. FAFSA (Paper Application) Avoid Common Errors l Do not leave questions or fields blank l Read instructions l Double-check answers for accuracy l Sign the form (parent and student) l Make sure all information is legible, pay close attention to numbers (SS, school code & dollar amounts)

19. FAFSA On the WEB l Online Registration http://www.fafsa.ed.gov l Results in 7 to 14 days l State and / or school aid l Completely secure

20. USING YOUR PIN l Make application correction online l File a renewal application l View loans and grants information l Sign your electronic application

21. FOR MORE INFORMATION l Online help at www.fafsa.ed.gov l Call 1-800-4-FED-AID (1-800-433-3243) l Contact the school guidance department l See Mr. Thomas Danley, ETS Counselor