1. 1/16/2016 Heather Mc Donnell

2.  Family  Government  Colleges & University 1/16/2016

3.  PARENTS primarily  STUDENT minimally  GOVERNMENT politically  SOCIETY morally  UNIVERSITY financially 1/16/2016

4.  THE BASIC UNDERSTANDING  The student and parent(s) are expected to contribute to college expenses to the extent they are able. 1/16/2016

5.  Is a measure of your capacity to absorb educational costs over period of time - not all from current income & assets.  Is NOT extra cash available 1/16/2016

6.  Income and net assets reflect an economic strength over a period of time.  Current financial circumstances are the baseline information used.  Similar treatment for similar situations; more expected from better economies.  Unusual situations may be considered. 1/16/2016

7.  Parent Contribution  20% from income AND  6% from net asset ( value minus debt )  Student Contribution  50% from income AND 20% from net assets 1/16/2016

9.  Savings  Monthly Tuition Payment Plan  Borrowing  ALL OF THE ABOVE 1/16/2016

10.  Cost of the University **  minus Family Contribution  equals Student’s financial need  ** Parents can always borrow up to Cost (minus aid) 1/16/2016

11.  TYPES  Grants & Scholarships  Student Employment  Loans  FROM  Federal gov’t  State gov’t  Private Agencies  Universities 1/16/2016

12.  Financial aid isn’t available  Financial aid goes to the best students only  My income is too high to qualify  My sibling/friend didn’t get any financial aid  Cost is the best way to choose a college  Attend the college that offers the most aid  Financial aid is guaranteed for all four years  Applying for financial aid will affect admission 1/16/2016

13.  Federal Resources - the FAFSA  Free Application for Federal Student Aid  New York State Resources - TAP Tuition Assistance Program  University Resources - Profile 1/16/2016

14.  DEADLINES missing application dates missing admission dates missing information 1/16/2016

15.  www.nysfaaa.org  www.collegeboard.com  www.fastweb.com  www.finaid.org  www.petersons.com 1/16/2016