FINANCIAL AID 101

All information in this presentation is general and although we would urge you

to consider UCCS, the information should be

applicable at any school you are considering.

-Agenda-Introduction-Questions

Financial AidDon’t Eliminate College Because of

Cost!

Gift AidGrants and Scholarships

GRANTS

Need Based Aid

Types:

Federal: Pell, ACG, SMART, TEACH*, FSEOG

State: CSG, CRG, CGG, CLEAP

Institutional: UCCS Tuition Grant

Free

money

that you

don’t

pay

back!!!

SCHOLARSHIPS

Private Money Awarded for a variety of criteria- Merit (academics, talents/abilities, etc.)

Need (diversity, financial need, chosen field, etc.)

Places to look: High School Counselor (Booster Club, PTA, etc.)

Surrounding Community (Elks Club, local businesses, etc.)

On the Internet:

The College/University you plan on attending

Never Pay for FAFSA

or Scholarship Completion

Self-Help AidLoans and Student Employment

LOANS

Student Loans

Perkins (fixed 5%)

Subsidized Stafford (fixed 4.5%)

Unsubsidized Stafford (fixed 6.8%)

Parent PLUS Loans (fixed 8.5%)

There are

loan

forgivenes

s

programs

available

for

students

who

graduate

from such

programs

as nursing

or

education

.

LOANSYearly Loan Limits

Dependent

Independent

Freshmen $3,500 sub

$2,000 unsub

$3,500 sub$6,000 unsub

Sophomores $4,500 sub

$2,000 unsub

$4,500 sub$6,000 unsub

Juniors/Seniors $5,500 sub

$2,000 unsub

$5,500 sub$7,000 unsub

Graduate Students

n/a $8,500 sub$12,000 unsub

Lifetime Limits

Dependent Undergraduates $31,000 ($23,000 sub)

Independent Undergraduates

$57,500 ($23,000 sub)

Graduate Students $138,500 ($65,500 sub)

STUDENT EMPLOYMENT

Studies have shown that working at a job actually helps many students academically.

Types of jobs available:

Work -Study (on and off campus)

Non-Work-Study (on campus)

Off-campus regular employment

FAFSAFree Application for Federal

Student Aid

FAFSADetermines eligibility for need-based aid

Apply for a PIN at www.pin.ed.gov (needed by both student and a parent)

Collect the documents needed to apply

Complete the FAFSA in time for your school’s Priority Date. The newest form is available every January 1st!Review your SAR, and, if necessary, contact your Financial Aid office to make corrections.

Make sure to complete your Financial Aid File, this may require you to turn in copies of taxes and other paperwork.

FAFSA4CASTER

Learn how to fill out FAFSA Get an early start on Financial Aid

processEstimate your Financial Aid eligibility

Increase your knowledge about Financial Aid

So help make your future forecast a bright one by planning now for college!

www.fafsa4caster.ed.gov

ELIGIBILITY FOR NEED BASED AID

College Cost of Attendance “Budget”

- (minus)

Expected Family Contribution “EFC”=

NEED

NEED EXAMPLES

$16,828 budget - $2,500 EFC

$14,328 Need

$21,206 budget - $2,500 EFC$18,706 Need

$46,900 budget - $2,500 EFC$44,400 Need

*** Examples are from 2008-2009 Award Year, Resident Student with Off Campus Budget. Numbers are reflected after COF has been

applied. ***

SPECIAL CIRCUMSTANCESAlso known as Professional Judgments

Unemployment

Disability

Death or Illness in the family

*** What qualifies as special circumstances is determined by the school that you are going

to attend. All schools are different. ***

AWARD LETTERS

Award Letters will list costs in

one of two ways:

Direct Costs:

Tuition, Books, Fees,

Room & Board if living in dorms

Indirect Costs:

Everything in Direct Costs,

plus:

Travel, Miscellaneous,

Room & Board if not living in

dorms

1 2

WUE

Provides reduced tuition to students’ who have residency in contract states.

In all cases, WUE tuition is considerably less than nonresident tuition.

Apply for admission and WUE tuition status directly to the institution(s) of your choice. Contact your school’s Admissions & Records office to find out how to apply.

For a list of states that participate visit www.wue.wiche.edu

Western Undergraduate Exchange Program

The affordable way to

go out of state!

COLLEGE OPPORTUNITY FUND

What is the voucher program?

When did the voucher program begin?

Who is eligible?

Do I need to apply for the voucher program?

What happens if I don’t apply for the voucher program?

Where should I go to register and for more information?

www.collegeincolorado.com-> College Opportunity Fund

COF, Stipend, Voucher

COLLEGE GOAL SUNDAY

A one-day event to help students and families complete the FAFSA

If you are even thinking about education beyond high school, you will most likely need financial help.

Sunday, February 21st 2010 from 2pm-4pm

Pikes Peak Community College Centennial Campus 5675 S. Academy Boulevard 

UCCS1420 Austin Bluffs Parkway

http://www.collegegoalcolorado.org/

What:

Why:When

:

Where:

NEW

Good luck with your college endeavors

and let us know how we can help!