1. Financial Aid Overview

2. Three Basic Questions O What is Financial Need? O What Types of Aid Are Available? O How do I Apply?

3. What is Financial Need? Cost of Attendance – Expected Family Contribution = Financial Need

4. Cost of Attendance

5. Estimated Total Cost of Attendance Living On Campus California State University (CSU) CSULB University of California (UC) UCLA California Independent College USC Fees/Tuition$6,738$12,685$43,722 Books and supplies$1,666$1,521$1,500 Room and board$11,300$14,208$12,440 Other$4,072$3,585$2,171 TOTAL$23,776$31,999$59,883

6. EFC O Amount family can reasonably be expected to contribute O Two components O Parent contribution O Student contribution O Calculated using data from the FAFSA O Stays the same regardless of college

7. What are the different types of financial aid?

8. Types of Financial Aid O Scholarships O Grants O Employment (Work Study) O Loans

9. What are some of the financial aid offers students are likely to receive?

10. Pell Grant O Awards up to $5,550 O For low income undergraduate students O Can be used at many schools throughout the USA O Awarded based on financial need O Apply using the FAFSA

11. Cal Grant O Cal Grant A O Pays state fees at UC & CSU O Awards up to $TBD for California Private Colleges O Cal Grant B O Pays state fees at UC & CSU O Awards up to $TBDfor California Private Colleges O Also awards additional living stipend($1,645) O Both have income and GPA requirements O Apply using the FAFSA and GPA Verification Form by March 2 nd

12. Cal Grant in reserve O Students can apply for a Cal Grant to be held in reserve while they attend a California community college O Grant is held for three years

13. The California Middle Class Scholarship

14. Starts in 2014-2015 for undergraduate students who are: O Attending a CSU or UC campus O From families with income up to $150k O U.S. citizens, permanent residents or AB 540 eligible O California residents

15. MCS – How it fits in… Up to 40% fee reduction* Cal GRANT A and C Covers up to 100% of tuition/fees** Cal GRANT B May cover up to 100% tuition/fees and some living expenses** $150,000 $120,000 $90,000 $60,000 $30,000 $0 ANNUAL FAMILY INCOME * When fully funded. **Based on 2013-2014 income levels, family of four.

16. Student Loans O Subsidized = government pays interest while you are in school O Unsubsidized = interest accrues O Both loans begin payback after graduation O Low interest rates & very flexible payback plans. O Beware of PRIVATE PERSONAL LOANS!

17. Parent Loans O Must pass credit check O May borrow up to total cost of attendance O Unsubsidized = interest accrues O Payback begins immediately O Low interest rates & very flexible payback plans. O Beware of PRIVATE PERSONAL LOANS!

19. Free Application for Federal Student Aid (FAFSA) O A standard form that collects demographic and financial information about the student and family O May be filed as early as January 1 st of senior year

20. Official FAFSA Website O http://www.fafsa.ed.gov http://www.fafsa.ed.gov O FAFSA-4Caster O FAFSA on the Web Worksheet: O Used as “pre-application” worksheet

21. Dependent or Independent? You must answer Yes to at least one question to be considered an Independent student.

22. Who is considered a parent? O Biological or adoptive parent(s) O In case of divorce or separation, provide information about the parent and/or stepparent the student lived with more in the last 12 months O Stepparent (regardless of any prenuptial agreements)

23. California Dream Act O Must be AB540 Eligible O Allows for students to apply for state funded aid including: O Cal Grant O Board of Governors Fee Waiver Grant O State University Grant (CSU) O Other Public Institution Awards

24. California Dream Application O DO NOT FILE A FAFSA O Complete California Dream Application at http://www.csac.ca.gov/dream_act.asp http://www.csac.ca.gov/dream_act.asp O Same deadlines and filing rules apply O March 2 nd Cal Grant Deadline O Determine if Dependent or Independent Student O Deferred Action / DACA applicants should also file Dream Application

25. Questions?