2. Loans Scholarships Grants Student Employment Jump to: START

3.  Free Application for Federal Student Aid  Completed Each Year  www.fafsa.gov www.fafsa.gov  Becomes Available on January 1 st each year.  Required to Receive many forms of Financial Aid

4. Gift Aid Free money given to students to assist with educational expenses. Examples  Grants  Scholarships Self Help Funds students either earn through employment or funds that must be repaid. Examples  Student Loans  Workstudy

5.  Cost of Attendance (COA)- Budget of Educational Expenses created by Financial Aid Office  Expected Family Contribution (EFC)- The Dollar Amount Generated by the U.S. ED based on Information Inputted on the FAFSA  Need (Financial Need) = COA - EFC

6. Scholarship Sources  Institutional Scholarships  Donor Scholarships  Scholarship Searches Bright Futures Florida Academic Scholars- $100 per credit hour (4 year) / $61 per credit hour (2 year) Florida Merit Scholars and Gold Seal Awards- $76 per credit hour/ $47 per credit hour (2 year) www.floridastudentfinancialaid.org/SSFAD/bf/

7.  Pell Grant- Need-based grant that is prorated based on the student’s EFC and Enrollment Status  Federal Supplemental Education Opportunity Grant- Need-based award given to students with the most need  Florida Student Assistant Grant- State funded grant given to Pell Grant Recipients

8. The Workstudy program allows students to earn a biweekly pay check as a part of their financial aid packages. Image by Purdue University http://www.purdue.edu/studentsuccess/specialized/purduepromise/Resources/ Understanding%20Work%20Study.html

9. Stafford Loan  Subsidized Stafford Loan- Need-based award; does not accrue interest during periods of in school deferment  Unsubsidized Stafford Loan- Accrues interest after disbursement Perkins Loans Need based low interest loan(limited resource); 5% Interest Rate Parent PLUS Loan Credit Based Loan that Allows Parents to Borrow up to the Student’s Cost of Attendance

10.  File the FAFSA Early Each Year (Becomes Available on January 1 st ; Know Your School’s Priority Filing Date)  Borrow as Little as Possible  Apply for as Many Scholarships as Possible  Never Pay Someone to Assist with the FAFSA  Believe in the Investment You are Making

11. Karemah Campbell Manselle 407-254-4016 karemah.manselle@famu.edu