1. Financial Aid 101 how to get money for college $$$

2. GEAR UP COLLEGE It’s not a dream, it’s a plan. $$$

3. The Cost of College $$$ Oregon Institutions Tuition & Fees Other Costs Annual Total 2-Year Community Colleges$4,449$11,978$16,427 4-Year Public Universities$8,267$14,400$22,657 4-Year Private Universities$33,356$13,057$46,413 Don’t get sticker shock!

4. The Cost of College $$$ Don’t get sticker shock! Sample Financial Aid Package Umpqua Community College Western Oregon University University of Portland Annual “sticker price”$15,653$21,981$50,900 Financial Aid Grants$6,000$6,500$24,758 Scholarships$2,000$3,100$12,700 Work-Study$0$1,465$1,000 Loans$2,690$3,259$3,319 Total Financial Aid-$10,690-$14,324-$41,777 Actual family cost$4,963$7,657$9,123

5. FAFSA $$$ FAFSA: Free Application for Federal Student Aid

6. FAFSA $$$ Example: the FAFSA determines eligibility for Pell Grants. Pell Grants = money from the federal government (up to $5,730 in 2014-15) for college that does not have to be paid back.

7. Oregon Opportunity Grant $$$ In 2013-14, students can get up to $2,000 for college. Over 32,000 students received some funds in 2012-13.

8. Don’t miss out! $$$ Some grant money (including Pell and Oregon Opportunity Grants) is first-come, first-served. Seniors should fill out their FAFSA as close to January 1 as possible!

9. Financial Aid $$$ Scholarships, grants, loans and other money for college that may or may not have to be paid back.

10. How is financial aid calculated? $$$ COA (Cost of Attendance) - EFC (Estimated Family Contribution) = Financial Need

11. Financial Aid $$$ TYPE OF FINANCIAL AIDNEED TO BE PAID BACK? Subsidized LoansYes Unsubsidized LoansYes GrantsNo ScholarshipsNo Work StudyNo

12. Eligibility $$$ Be a U.S. citizen or eligible non-citizen Have a valid Social Security number (unless you're from the Republic of the Marshall Islands, the Federated States of Micronesia, or the Republic of Palau) Comply with Selective Service registration, if required (see www.sss.gov for more information)www.sss.gov

13. Eligibility $$$ You must not owe a refund on a federal grant or be in default on a federal student loan You must have financial need (except for unsubsidized Stafford Loans) You must not have certain drug convictionsdrug convictions

14. OSAC $$$ OSAC: Oregon Student Access Commission Students apply to be considered for many different scholarships in Oregon.

15. TO DO: Grants and Loans $$$ 9 th -11 th Grades: Estimate aid by filling out the FAFSA4CasterFAFSA4Caster 12 th Grade: Apply for your PIN at www.pin.ed.govwww.pin.ed.gov Start working on your FAFSA by looking at the worksheets provided online File your FAFSA online at www.fafsa.ed.gov as soon after January 1 as possible (no need to file taxes first).FAFSAwww.fafsa.ed.gov Look for reject codes on your SAR (Student Aid Report) when you receive it and take care of them immediately.

16. TO DO: Scholarships $$$ 12 th Grade: Complete the OSAC Scholarship Application by March 1OSAC Scholarship Application – Gather your transcripts—Incomplete or missing transcripts are the #1 reason for rejected applications.transcripts – Complete the OSAC Activities Chart – Write and edit Personal Statements Search for additional scholarships online and apply!

17. Helpful Sites $$$ GRANTS & LOANS: studentaid.ed.gov fafsa.ed.gov SCHOLARSHIPS: oregonstudentaid.gov fastweb.com finaid.com/scholarships

18. For more information about how to pay for college, call, e-mail or visit: Whitney Scott 503-324-2281 whitneys@banks.k12.or.us Helpful websites include: oregongearup.org bigfuture.collegeboard.com knowhow2go.org mychildsfuture.org More Information $$$