1. Funding College Office of Financial Aid and Scholarships
Clackamas Community College

2. Program Agenda What is Financial Aid Sources/Types Processes Deadlines
How to Get Help
Scholarships
The Oregon Promise

3. Sources of college funds – 2015
How the Typical Family Pays for College Average percent of total cost paid from each source
Source: “How America Pays for College”, Sallie Mae, 2013
Every year, Sallie Mae conducts a poll to determine how Americans pay for college.
Its very rare nowadays to be able to pay cash for college. Most times, it’s a combination of some or all of these methods.
We will focus on grants, scholarships and borrowing. 3
Source: “How America Pays for College.” Sallie Mae

4. Money to help pay for your educational costs.
What is Financial Aid?
Money to help pay for your educational costs.
Don’t assume you are not eligible for Federal aid!
Family income, Full-time vs Part-Time , Everyone, at least, is eligible for loans

5. Different Types of Financial Aid
Grants
Scholarships
Loans
Federal Work-study
Internship/Fellowship
Institution Tuition Waiver
Employee Benefits
Veteran Benefits
Different Types of Financial Aid

6. Top 3 Federal Aid Programs
GRANTS
Federal Work-Study
LOANS

7. GRANTS Free Money!! Federal Pell Grant
Supplement Educational Opportunity Grant
State
Oregon Opportunity Grant
Oregon Promise Grant
Colleges and Universities
Many colleges offer their own need-based grants

8. Student and Parent Loans
Money you will have to pay back
Federal Direct Student Loans
PLUS Loans
Alternative Loans

9. Federal Work Study Program
On-campus Employment
Off-campus Employment
Internships

10. General Federal Financial Aid Process Timelines vary from college to college. Understanding how colleges do their processing is imperative.
1) Submit FAFSA Online
2) Federal processor receives data
3) Student Aid Report sent to Student & College
4) College will contact you & may need more information
(Indicates your FAFSA was received, & gives instructions for next steps!)
5) Student sends requested information to college
(Respond QUICKLY!)
6) Financial Aid Office processes file
(Timelines vary– may take approx. 6 to 12 weeks)
*Additional information may be requested!!!
7) Student receives Award Letter or College needs further information
(see box 4)
8) Student may need to accept or reject Award Letter
DON’T FORGET TO… COMMUNICATE:
1. Read your !!!
2. Log in to college account frequently
3. Check mail and return phone calls

11. Seniors, file your FAFSA online starting January 1st, 2016 www. fafsa
Seniors, file your FAFSA online starting January 1st, and beyond, file your FAFSA beginning Oct. 1st 2016! Using 2015 tax information
Show FAFSA website

12. What is needed? Student & Parent
Social Security Number and Legal name
Alien registration or permanent resident card
Deferred Action for Childhood Arrivals (DACA) students do not qualify for FAFSA funds
Driver's license or state ID number
Make sure that you use your Social Security cards for names and numbers.
Can find general list needed on FAFSA.Gov/help Key

13. Most recent federal income tax returns, W-2s, and other records of money earned.
Untaxed income records
Current business and
investment information
FSA ID fsaid.ed.gov

14. Common FAFSA Errors Parent information:
SSNs, DOBs, Names
Unmarried/divorced/remarried
Untaxed income: Veteran’s Disability, Worker’s Comp, Child support received, etc
U.S. income taxes PAID
Household size
Number in college
Supporting a child
Legal Guardian
Use the “family unit” when figuring out the Parent section.
Children: this is for dependent students who want to be independents due to having a child. They need to demonstrate ability to support a child. Legal Guardian….Parents are NOT this category. This is for COURT ARRANGED guardians such as Grandparents, siblings, Aunts/Uncles, etc.

15. IRS Data Retrieval *** Available early February of each year
This is an electronic way to transfer your tax information
Encourage parents and students to file taxes EARLY.

16. Special Circumstances
Information that cannot be reported on the FAFSA
Send written explanation to financial aid office at college
If the FAFSA does not seem to reflect your situation..

17. Special Circumstances
Change in employment status
Medical expenses not covered by insurance
Change in yours or parent marital status
Unusual dependent care expenses
Student cannot obtain parent information

18. Cost of Attendance (C O A)
Tuition and Fees
Room and Board
Books and Supplies
Personal Expenses
Transportation
What can financial aid help pay for? Colleges may use different phrases…..Cost of Attendance, FinAid Budget, Student Budget, etc.

19. Expected Family Contribution (EFC)
EFC = Expected Family Contribution
This is the amount of money the government expects the student and family to pay towards their education.

20. How An Award Is Calculated
COA: $ 13,269 -
EFC $ 1,500
___________
Financial Need = $ 11,769
*Colleges “package” financial aid awards to meet as much of the eligible student’s financial need as possible.

21. Most aid is conditional !
Must be seeking Degree or one year Certificate
Must pass courses with at least a 2.0 GPA (“C”)
Must complete courses that aid assists with

22. Most aid is conditional !
Some programs/scholarships may require that you maintain a higher GPA
Some programs/scholarships may require full time enrollment
The Oregon Promise Grant will require 2.5 GPA
Most aid is conditional !

23. FAFSA may be the key to other aid
Scholarships
Tribal Funds
Vocational Rehab. Funds
Job Training
State Grants

24. NEED HELP? Clackamas Community College offers a FAFSA Lab!
Monday – Thursday 10 AM – 2 PM
Roger Rook Hall, Room 133
Staffed by Financial Aid Professionals
Hands on environment to help with:
Filling out your FAFSA and scholarship searches
NEED HELP?

25. FED-AID
Any Financial Aid Office
NEED HELP?

26. Scholarships There is a scholarship out there for everyone!
Major or Program of Study
Academic Merit (GPA)
Extracurricular Activities
Financial Need
Personal Barriers

27. Where to look for scholarships
A great place to start…
Your high school career office!

28. Where to look for scholarships
Colleges and Universities
High School Career/Counseling Office
The WEB
Organizations
Employer
Where you worship

29. General Caution: Beware of Scams!
Watch out for fees and guarantees
Never pay for a scholarship, not even an application fee!
Legitimate donors will not ask for an application fee.

30. Make a Scholarship List
Keep track of all the scholarships you are applying for; list them by their due dates.

31. Application Tips Meet all Deadlines! Follow the Instructions
Make Copy of the Scholarship Application
Type the application, essay, and any additional information
Fill in all the Blanks

32. Scholarship applications require
Essay
Letters of Recommendation
Transcripts

33. Create a winning essay! Answer the questions
Keep it simple and focus on the topic
Do tell your accomplishments
Use descriptive words
Keep it neat
Do state your need
Write as though you’re talking to the selection committee
Use the same essay for multiple applications

34. Reference Letters Obtain more letters than you need
Ask as early ahead of time as possible!!!!
These letters need to be current, written within the last year.
Letters should be on letterhead if possible and include an original signature.
Thank you to your references!

35. Activity Chart School/Family/Community Activities Responsibilities
Dates
Honors/Awards/Office Held
Paid Jobs
Get involved!

36. Be sure to write a thank you letter to your scholarship donor.
The THANK YOU LETTER

37. Why scholarships are a good investment of your time…
Student invests 10 hours to apply for 10 scholarships and is awarded one for $2,000
-That student just earned $200 an hour.
At $9.25 an hour, you would have to work 216 hours to earn $2,000

38. A great scholarship program
Oregon Student Access and Completion (OSAC) Scholarships
475+ scholarships!
More than $15 million available
Early Bird vs general deadline
Feb. 15th 5 PM vs Mar. 1st 5 PM
Application opens early November

39. Great scholarship opportunities:
Clackamas Community College Foundation Scholarships
$600,000+ in scholarships available each year
Application opens January 30th, deadline March 30th, 2016

40. State of Oregon Grants Oregon Opportunity Grant Oregon Promise Grant
File your FAFSA before February 1st!
Oregon Promise Grant
Application available Nov. 1st 2015

41. Oregon Promise Grant
Receive an Oregon high school diploma or GED® in Spring/Summer 2016
Oregon resident for at least 12 months prior to community college enrollment
Enroll in community college within 6 months of completing high school or GED®
Cumulative high school GPA of 2.5 or better

42. You should apply for: Grants and Scholarships Federal Work-study
Internship/Fellowship
Loans

43. 15-16 Award Year Amount Pell Grant: $5775
SEOG: depending on school (CCC-$1050)
Oregon Opportunity Grant: $2100
Federal Work-study: depending on school (CCC-$4500)
Direct Loans: $5500-$9500

44. What is the website to apply for financial aid (to complete your FAFSA)?

45. What should you apply for first?

46. Questions… and Thank you!
Office of Financial Aid and Scholarships
Chippi Bello, Director