1. Financial Aid 101 1 Roderick Shea 12/2/2015 The Prudential Insurance Company of America, 751 Broad Street, Newark, NJ 07102 0268194-00001-00

2. What does financial aid mean? What types of financial aid are available? How do you get financial aid? What is the difference between the FAFSA form and CSS Financial Aid Profile form? The Basics of Financial Aid

3. File on or as close to January 1 of your student’s senior year in high school. You do not need to wait until your taxes are done to file the FAFSA. Don’t forget to list the colleges you want your FAFSA information sent to. Filing the FAFSA

4. Financial aid is based on the following calculation Cost of Attendance -Expected Family Contribution =Financial Need The Financial Aid Process Source: 2014-2015 EFC Formula – http://ifap.ed.gov/efcformulaguide/attachments/091913EFCFormulaGuide1415.pdf

5. After the FAFSA is filed, the applicant will receive a Student Aid Report known as SAR. The SAR includes the estimated family contribution (EFC). EFC usually appears right under the date of the SAR form. The SAR is sent to the colleges listed on the FAFSA as well as federal and state agencies. Check the SAR thoroughly to ensure it is accurate. Student Aid Report

6. Federal Government Pell Grants Subsidized and Unsubsidized Stafford Loans Parent PLUS loans State Government Campus-based programs Private scholarships Sources of Financial Aid Source: http://www.finaid.org

7. Colleges combine various awards to make up the financial aid package. Examples could include: Grants Loans Scholarships Work-study jobs Appeals Financial Aid Package

8. Apply to schools where you meet or exceed the entrance requirements. Apply to a mix of schools (private and state). How to Get the Best Financial Aid Package

9. 1.My parents make too much money to qualify for financial aid. 2.Only students with good grades get financial aid. 3.The form is too difficult to fill out. Financial Aid Myths

10. Companies Organizations Groups Sports Local government Scholarships for College-Bound Students

11. Internet Sites American Indian College Fund http://collegefund.org  Asian American Studies www.apiasf.org  Black Excel www.blackexcel.org  Hispanic College Fund www.hispanicfund.org  Hispanic Scholarship Fund www.hsf.net Scholarship Resources for Minority Students

12. Internet Sites Continued Horatio Alger Association www.horatioalger.com  NAACP www.naacp.org  National Urban League Scholarship www.nul.org  United Negro College Fund www.uncf.org Scholarship Resources for Minority Students

13. Directories The Hispanic Scholarship Directory Directory of Financial Aid for Minorities Black Excel African American Student’s College Guide Review other directories in the reference section of the library Scholarship Resources for Minority Students

14. Federal Student Information Center 1-800-4-FED-AID (1-800-433-3243) Funding Education Beyond High School http://studentaid.ed.gov/pubs FAFSA on the Web www.fafsa.ed.gov College Navigator www.nces.ed.gov/collegenavigator U.S. Government Website for College Students/Parents www2.ed.gov/students U.S. Department of Education www.ed.gov The Smart Student Guide to FINAID http://www.finaid.org Resources for Additional Information

15. Questions

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