1. Financial Aid 101

2. What does "Financial Aid" mean?  Scholarships  Grants  Work Study  Loans

3. SCHOLARSHIPS  MERIT BASED AID Institutional Scholarships (90%) Independent Scholarships (10%) BEWARE OF SCHOLARSHIP SCAMS! THE CCC has resources if you want to apply for scholarships.

4. Notable Local Private Scholarships  AAUWPohlad Scholars Program  Azell Smith ScholarshipPuckett Scholars Program  Clean Air Choice Biodiesel ScholarshipTwin Cities in Motion Scholarship  Dr. Jermaine Arendt ScholarshipVillage Scholars  Judy Lndemann ScholarshipWallin Partners Program  Holly Firehammer ScholarshipWashburn Scholarship Program  LARC ScholarshipWashburn Class of ‘59 Scholarship  MASC Scholarship  Minneapolis Rotary Scholarship  Minnesota Masonic Charities Scholarship  MnACC Student of Color Scholarship  MSCA Scholarship Program  Nellie Stone Johnson Scholarships  Page Education Foundation Grants

5. GRANTS  FILL OUT A FAFSA  Based on financial need  Money you don’t pay back.

6. WORK STUDY  FILL OUT A FAFSA  Given by schools  Have a job on campus  Owe money if you don’t work enough.

7. LOANS  FILL OUT A FAFSA  Federal Loans = lower interest  Subsidized vs. Unsubsidized  Note if parents are offered loans too and consider total aid provided.

8. FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) 1. APPLY TO COLLEGE 2. PARENTS MUST FILL OUT TAX FORMS 3. STUDENTS SHOULD FILL OUT TAX FORMS (irs.gov) 4. FILL OUT FAFSA ON-LINE (Goal: March 1 st ) 5. RECEIVE YOUR STUDENT AID REPORT (SAR)/EFC 6. GOVERNMENT SENDS INFO TO YOUR COLLEGES 7. COLLEGES OFFER YOU THEIR FINANCIAL AID PACKAGE IN MARCH/APRIL 8. MAKE FINAL DECISION BY MAY 1

9. FAFSA WEBSITE Go To: www.fafsa.gov Need Help? Visit the CCC

10. Other Financial Aid Tips  Fill out as early as possible!  Be SURE you report your social security name and number as it appears on your card.  Do not be alarmed if you are selected for “verification”  For the FAFSA, your parents are ONLY your biological parents.  You are considered a “dependent” until you are 25.  There are special circumstances in which a college may consider you independent.  Some colleges may ask you to fill out the CSS Profile  Reciprocity forms available on-line in Spring (getreadyforcollege.org)