• COMMUNITY COLLEGES– Approximately $ 4,000 to $ 15,000

• CALIFORNIA STATE UNIVERSITY– Approximately $ 13,000 to $ 17,000

• UNIVERSITY of CALIFORNIA– Approximately $ 17,000 to $ 21,000

• PRIVATE COLLEGES– Range from $ 18,000 to $ 48,000

Cost of Attendance includes:– tuition (usually private schools)– books (sometimes $100 per book or more)– fees (registration & adminstration costs)– supplies (computer, notebooks, etc.)– housing and food (dorm, cafeteria, etc.)– transportation (car, gas, insurance, bus)– personal and other educational expenses

• Does not include all the extras (concerts, iPod, vacations, etc.)

COST OF ATTENDANCE – (COA)- EXPECTED FAMILY CONTRIBUTION (EFC)

= FINANCIAL NEED (eligibility)

The college will attempt to offer FINANCIAL AID to meet your calculated FINANCIAL NEED

The EFC is calculated by the federal processor…– Family Income (guardians in the home)– Family Assets (homes, investments, etc.)– Number in Household (dependents)– Number Attending College (dependents)

UC(UC Santa Barbara)

CSU(CSU Channel Islands)

Private(Cal Lutheran)

CC(Ventura College)

Budget 20,000 13,000 35,000 10,000

EFC(example)

5,000 5,000 5,000 5,000

Financial

Need

15,000 8,000 30,000 5,000

GIFTED AID (don’t repay)• Scholarships

– Income, Merit or Combination• Grants

SELF HELP AID (earned/borrowed)• Work Study Program• Loans (Subsidized or Non-subsidized)

– Student– Parent

•PELL GrantBASED ON: Cost of Attendance – COA

Expected Family Contribution – EFCEnrollment status

•FSEOG – Federal Supplemental Educational Opportunity Grant

Campus Based AidPriority – Exceptional Financial Need

•Federal ACG Grant Academic Competitive Grant Year One - $ 750.00

Year Two - $ 1,300.00

•Federal SMART Grant Science and Math Access to Retain Talent

Up to $ 4,000.00 for 3rd and 4th years only

• California resident• US Citizen or eligible non-citizen• Meet US Selective Service

requirements• California colleges only• At least half-time enrollment• Maintain satisfactory academic

progress• Family income and asset

limitations

Based On– Student educational goals– Un-weighted GPA in 10th and 11th

grade– Income criteria– Community College Transfer– Vocational Programs

• Cal Grant A • Four year colleges• 3.0 GPA

• Cal Grant B• Two year colleges• 2.0 GPA

• Cal Grant C• Trade and Vocational Schools

• Student Driver’s License

• Student Alien Registration card

• Student and Parent– Social Security cards– W-2 forms and other records of money earned– Records of untaxed income– Current bank statements– Business, farm and other real estate records– Records of stocks, bonds and other investments

Getting Ready...

Staying Organized...• Create a file

• Keep copies of all documents and records used to complete the FAFSA

• Keep copies of all applications and forms submitted

About Applications...

• Read all application instructions

• If planning to submit paper FAFSA

– Use pen with black ink

– Print clearly in CAPITAL letters

– Fill in ovals completely

– Do not leave blanks (unless directed to)

– Do not write comments anywhere on form

– Do not use correction fluid

• FAFSA can be completed online

1 5 E L M S T

Notes in Closing... Don’t rule out a school just because of cost. Apply to one or two financially “safe” schools. Talk about family’s financial realities. Meet ALL deadlines. Keep copies of all forms filed. “Guess-ti-mate” if necessary. Student loans are a way of life. Families should save as much as they can- no

amount is too small. Plan ahead. Appeal if circumstances change. Look at all financing options- start with those

offered by the college at which student enrolls. Don’t assume- ASK!