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F INANCING H IGHER E DUCATION Helpful Tips: Check your sound Turn off all other programs Use the strongest Internet connection possible If you are experiencing difficulty, run a system test http://www.instantpresenter.com/system_test or call 1-800-706-6762 http://www.instantpresenter.com/system_test Slide 2 I NTERACTION E NCOURAGED Social Media Use #TCTwebinar Twitter @UA_TCAI https://twitter.com/ua_tcai Facebook Take Charge Today facebook.com/UATakeChargeToday InstantPresenter Features Text chat (below) Your signal (bottom left) Slide 3 F INANCING H IGHER E DUCATION Mike Staten TCAI Director and Assistant Dean for Careers, Commerce and Industry University of Arizona Rebekah Salcedo Senior Associate Director University of Arizona Office of Scholarships and Financial Aid Shelly Stanton National Master Educator, Technology Integration Specialist for Billings Public Schools, Montana Slide 4 IN PARTNERSHIP WITH Slide 5 Take Charge Today Mission Provide educators with no-cost curriculum materials and the skills and confidence to effectively teach financial literacy Slide 6 Rebekah Salcedo Senior Associate Director University of Arizona Office of Scholarships and Financial Aid Slide 7 Office of Scholarships & Financial Aid Slide 8 College Preparation Checklist Slide 9 Where to order College Preparation Checklist and other Department of Education materials: edpubs.ed.gov edpubs.ed.gov CSS Profile Information: http://student.collegeboard.org/css-financial- aid-profile http://student.collegeboard.org/css-financial- aid-profile UC Santa Barbara FAFSA guide http://www.finaid.ucsb.edu/fafsasimplification/ http://www.finaid.ucsb.edu/fafsasimplification/ Resources Slide 10 Shopping Sheet A clear, concise way to see the cost of a particular school Provides a standardized award letter allowing students to easily compare financial aid packages and make informed decisions on where to attend college Nearly 2,000 institutions have committed to providing the Shopping Sheet to their prospective students More information at http://www.ed.gov/financial- aid-shopping-sheet. Slide 11 How much does it cost? *2013/2014 Resident Dependent On/Off Campus Expenses *Represents direct costs *Expenses calculated through survey; the total is only an estimate and may vary from student to student For more information visit: http://http://financialaid.arizona.edu/freshmen/estimated-cost-attendance Slide 12 *2013/2014 Resident Dependent On/Off Campus Expenses *Represents direct costs *Expenses calculated through survey; the total is only an estimate and may vary from student to student For more information visit: http://http://financialaid.arizona.edu/freshmen/estimated-cost-attendance How much does it cost? Slide 13 What do I need to do? Slide 14 FAFSA: Free Application for Federal Student Aid Visit fafsa.ed.govfafsa.ed.gov School code i.e. U of A code: 001083 Student and Parents federal tax information Tax estimates Know schools priority deadline date (every school may be different) Filling out the FAFSA Slide 15 Types of Aid Scholarships Grants Federal Work Study Loans Slide 16 Similar to scholarships (theyre free!) Federal Pell Grant State and Federal Grants Teach Grant Grants Slide 17 Federal Work Study Allows opportunity to work on or off campus Provides skills not learned in the classroom Slide 18 Subsidized Loans Need Based Interest does not accrue while in school Unsubsidized Loans Interest accrues while you are in school Guaranteed (no credit check) Federal Direct Loans Slide 19 Parent PLUS Loans Credit Check required.* Can request loan be deferred while student is enrolled in school or you can begin repayment while student is in school. Slide 20 Questions? Federal Direct Loans Slide 21 Senior Year Timeline Apply to College Look for Scholarships Fill out 2014 2015 FAFSA Use 2013 Tax Information (estimates) Be aware of schools priority deadline March: Many scholarships are due April: Submit 2013 tax information for FAFSA Fulfill outstanding financial aid requirements Attend orientation Accept loans Receive fall disbursement of aid (student may receive aid 10 days before the first day of school at the earliest; disbursement date varies by school) Fall 2013 January 2014 Spring 2014 Summer 2014 Fall 2014 Slide 22 Shelly Stanton Technology Integration Specialist and Career and Technical Educator for Billings Public Schools TCT Master Educator since 2007 Slide 23 2.3.5.G1 Take Charge Today has a series of lessons Preparing for Higher Education Preparing for Higher Education Students look at positive habits that will help them be successful in post-secondary education Planning for Higher Education Planning for Higher Education Students review their goals and look at career pathways Paying for Higher Education Paying for Higher Education FAFSA and scholarship information Slide 24 Advanced Level Slide 25 2.3.5.G1 ProsCons Lower chance of being laid off from a job Access to higher paying jobs Cost Plan Ahead! Eight times as many students drop out of degree and certificate programs due to finances and debt than grades! What are other pros and cons of higher education? Slide 26 2.3.5.G1 Start saving early! Take advanced placement courses or pass college-level exams Avoid needing remediation classes in college Begin career pathway planning early Live at homeWork part-time Attend a community or junior college first Consider in-state and public universities Carefully evaluate the cost of attendance and financial aid packages What are ways you can reduce the total cost of higher education? Slide 27 2.3.5.G1 Meet Imani: About to graduate from high school Imanis Goal: Become a lawyer or politician Imani has little saved to pay for higher education Based on Imanis grades and college entrance placement scores she may need remediation courses Imani has learned that a bachelors and professional degree to become a lawyer could cost as much as $301,118 Your mission: Explore ways to help Imani pay for her education Slide 28 2.3.5.G1 1. Go out-of-state to earn a two-year associate degree, bachelor degree and professional degree 2. Attend in-state schools to earn her associate and bachelors degrees while living at home; go to an out-of-state college for a professional degree 3. Go to in-state schools for all degree programs Anticipated total cost: $241,458 Anticipated total cost: $178,294 Anticipated total cost: $95,536 Slide 29 Private loans Federal Student Loans Scholarships, Grants, Work-Study Earnings Money you do not have to repay Higher Cost Slide 30 2.3.5.G1 Your mission: work in small groups to identify at least three scholarships Imani is eligible for based on her special circumstances and extra-curricular activities Slide 31 (FAFSA) EligibilityDeadlines Applicatio n Process Resources Slide 32 Slide 33 2.3.5.G1 Complete the FAFSA to be eligible for financial aid Apply for as many scholarships as possible Never borrow more than you need Be sure you can afford to pay back your loan Slide 34 Although all conclusions are powerful this is where I saw amazing engagement with students. Slide 35 2.3.5.G1 PSA Slide 36 2.3.5.G1 Quote from a Counselor Everything I needed was in one place and made not only helping seniors easier but also assisting parents! Thank you for this resource. -Dave Spring, Billings, MT Slide 37 2.3.5.G1 Quote from a Teacher In 23 years of education, Ive never seen another lesson designed to teach kids how to pay for higher education. Nobody else is telling them how. This lesson is essential. Tracey Newman-Missouri Slide 38 Slide 39 Content videos 5-10 minute videos Developed by national experts Designed for educators More coming soon! How to Choose a Financial Advisor Free Application for Federal Student Aid (FAFSA) Individual Retirement Accounts 7 Tips for Financing Higher Education Investing Principles Saving For College 529 Plans Slide 40 Continue the Conversation Online Share your ideas, struggles or suggestions https://takechargetoday.arizona.edu/forum/preparing-higher-education Slide 41 Thank You For Participating https://www.surveymonkey.com/s/LLVK2LF