1. Senior Parent Night January 27, 2016

2. Timeline for Class of 2016 August-DecemberAdmission Applications and College Visits By DecemberCreate FSA IDs January-MarchSubmit FAFSA MarchReceive your Award Letter May 1Submit Deposits and Accept Financial Aid May-AugustFinalize Payment Arrangements, Enroll, Move-In!

3. Where do I Apply? Web site: www.fafsa.govwww.fafsa.gov 2016-2017 FAFSA on the Web will become available on January 1, 2016 2017-2018 FAFSA on the Web will become available on October 1, 2016

4. When Should I Apply? The 2016-17 FAFSA should be completed between January 1 and March 1 of student’s senior year of high school. The 2017-18 FAFSA can be completed as early as October 1 Most need-based aid awarded on “first-come, first-served” basis Plan to submit FAFSA before each school’s priority deadline FAFSA must be completed each year the student is enrolled

5. Changes to the FAFSA for 2017-18 (Federal Student Aid Conference December 2015) Students will be able to submit a 2017-18 FAFSA as early as October 1, 2016, rather than beginning on January 1, 2017 Students and parents will report income information from an earlier tax year (2015 instead of 2016)

6. Federal Student Aid ID Web site: www.fsaid.ed.govwww.fsaid.ed.gov You can get your FSA ID before you file the FAFSA Student and parent will each need an FSA ID Will be used by student and parents throughout aid process, including subsequent school years

7. Expected Family Contribution (EFC) “The calculated amount your family will be expected to contribute to your college costs, based on your family’s income, assets and characteristics.” Dollar amount of your family’s contribution for one year for one student

8. How is the EFC calculated? Federal methodology is the formula created by Congress to determine the EFC Determined by the Dept of Education, not the individual schools Uses student and parent income and assets Includes provisions and exceptions for your family and cost-of-living

9. Total Annual Cost of Education Tuition Fees Room and Board Books Personal Expenses Travel

10. Need Varies Based on Cost 1 2 1 3 EFC X Y Z Cost of Attendance (Variable) Expected Family Contribution (Constant) Need (Variable)

11. Need-Based Financial Assistance Formula College A Cost $ 20,000 EFC - 10,000 Need $ 10,000 College B $ 55,000 - 10,000 $ 45,000

12. Award Letter Lists scholarships, grants, loans, and work opportunities based upon FAFSA Sent out by schools in early March Award Letter Lists scholarships, grants, loans, and work opportunities based upon FAFSA Sent out by schools in early March

16. Direct Loans Direct Subsidized LoanDirect Unsubsidized Loan How much can I borrow?$3,500$5,500* *Less any borrowing of the Direct Subsidized Loan Is it based on need?YesNo What is the interest rate?Fixed 4.29% (for 2015-16) When do I begin repayment?6 months after graduation or below ½ time status Future Amounts$4,500 for So year $5,500 for Jr year $5,500 for Sr year $6,500 for So year* $7,500 for Jr year* $7,500 for Sr year* *Less any borrowing of the Direct Subsidized Loan

17. Tackling your remaining balance Payment Plans Most schools offer at least one type of payment plan Parent PLUS loan Federally guaranteed Credit-based Private/Alternative Loans Do some research now!

18. Parent Loan vs. Private Student Loan Parent PLUS LoanPrivate/Alternative Loan Who is the borrower?ParentStudent What is the interest rate?Fixed 6.84% (for 2015-16)Variable --------------------- Tied into Prime or Libor Index Is there an origination fee?Yes – 4.272% (for 2015-16)Varies by lender When is the loan repaid?60 days after disbursement. Forbearance options may be available to defer payments 6 months after graduation or below ½ time status How much can I borrow?Up to the cost of attendance minus any other aid received Aggregate limits may apply Do I need a co-signer?NoYes, in most cases Is the loan based on credit?Yes If denied, the student is awarded $4,000 unsub loan Yes

19. ACT & SAT Dates SAT – March 5, 2016 – May 7, 2016 – June 4, 2016 ACT – April 9, 2016 – June 11, 2016

20. A+ Program Students should have already notified Snelson if participating and turned in agreement A+ Mentoring Logs are due to Snelson no later than Friday, April 29, 2016. Check with university for their requirements (if any) to be awarded aid for A+ Elgibility

21. Community College Placement Scores St. Louis Community College Compass is required of all students unless academic credentials are submitted that qualify students to take such courses without testing. STLCC may waive all or part of the placement test if students provide written documentation of one of the following: A college transcript or grade report documenting successful completion (with a grade of "C" or higher) of reading, writing or mathematics course prerequisites (1818/ACP) A college degree from an accredited institution An ACT score earned within the last three years documenting: – A reading score of 18 or above to waive the reading test – An english score of 18 or above to waive the writing test – A math score of 22 or above to waive the math test An SAT score earned within the last three years documenting: – A critical reading score of 500 or above to waive the reading and writing tests A math score of 580 or above to waive the math test

22. Dual Credits/Transcript Dual Credit Students must request a transcript from university upon completion and have it sent directly to the university they are attending (fee applicable). AP Request scores be sent directly to colleges of choice by College Board

23. College Athletics & Academic Eligibility NCAA/NAIA Notify Snelson by March 1, 2016 if this applies

24. SCHOLARSHIPS Merit Based Scholarships from College/University – Based on GPA/ACT/SAT/Rank – Start with colleges/universities you’ve applied for – Some with show up automatically on financial aid award letter but others you have to apply for Local Scholarships – Scholarship Foundation www.stlgraduates.org www.stlgraduates.org National Scholarship Searches www.scholarpro.comwww.scholarpro.com www.cappex.com www.scholarships.comwww.cappex.comwww.scholarships.com www.zinch.comwww.zinch.com www.meritaid.com www.fastweb.comwww.meritaid.com www.fastweb.com www.finaid.orgwww.collegeboard.comwww.wiredscholar.com www.gocollege.comwww.collegeprolwer.com Places of Employment – Ask Human Resource with companies/organizations

25. St. Louis University’s Financial Aid Assistance Visit our Online Financial Education Center: www.slu.edu/student-financial-services/online-financial-education-center 2016 FAFSA Workshops January 31 st February 14 th, 28 th 2016 FAFSA Chats February 11 th, 23 rd

26. Announcements Sign up to get text messages/emails directly from Ms. Snelson about upcoming events and deadlines – Text Messages Text the number: 81010 Message: @mssnelson – Emails Send an email to mssnelson@mail.remind.commssnelson@mail.remind.com Leave subject and message blank