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FINANCIAL AID What you should know!

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FINANCIAL AID. What you s hould know!. FREE Application For Federal Student Aid ( FAFSA ). Are you Dependent or Independent?. Dependency Questions. Dependency Questions Cont. If you answered NO to all of these questions, you are likely a dependent student. - PowerPoint PPT Presentation

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Page 1: FINANCIAL AID

FINANCIAL AIDWhat you

should know!

Page 2: FINANCIAL AID

1) Find School

2) Admissions and Deadlines

3) Financial Aid Office

Page 3: FINANCIAL AID

Studen

t Loans

Scholarshi

ps

Work Stud

y

Page 4: FINANCIAL AID

FREE Application For

Federal Student Aid

(FAFSA)

Page 5: FINANCIAL AID

Are you Dependent or Independent?

Page 6: FINANCIAL AID

Dependency Questions

Are you 24 or

older?

Do you have children you support 50%

or more?

Are you currently serving in or a veteran of the Armed Forces?

Page 7: FINANCIAL AID

Dependency Questions Cont.

Were you emancipated as

a minor?

Were you a ward of the

state after the age of 13?

Do you support someone other

than a spouse or child 50% or

more?

Were you ever declared an

unaccompanied minor homeless or at risk of

being homeless?

Page 8: FINANCIAL AID

If you answered NO to all of these questions, you are likely a dependent student.

Page 9: FINANCIAL AID

To complete the FAFSA, a dependent student must provide their parent’s information.

Page 10: FINANCIAL AID

There are special circumstances.

If you believe you have a special circumstance that would make you an independent student, please speak with your financial aid office.

Page 11: FINANCIAL AID

Apply for Federal Pin

Go to:www.pin.ed.gov

Page 12: FINANCIAL AID
Page 13: FINANCIAL AID

If you are a dependent student, your parent will also have to apply for a federal pin.

Page 14: FINANCIAL AID

Complete the FAFSA

Go to:www.fafsa.ed.gov

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Though there are other websites that aid students in completing the FAFSA, it is usually best to use the free application site provided by the federal government. Ask your Financial Aid Office for help, if you need assistance.

Page 16: FINANCIAL AID
Page 17: FINANCIAL AID

Wait about 3-5 business days, then check with your Financial Aid Office.

Page 18: FINANCIAL AID

After waiting the process time, check with the Financial Aid Office. There might be additional steps you must complete.

Page 19: FINANCIAL AID

Scholarships!Check with your donor to find out

how your scholarship will be given to the school of your choice.

Talk to your Financial Aid Office to find out about scholarship opportunities.

Page 20: FINANCIAL AID

Grants

Federal &

State

Page 21: FINANCIAL AID

Federal Pell Grant

Page 22: FINANCIAL AID

Please check with your financial aid department concerning state funding that might be available.

Page 23: FINANCIAL AID

Texas Application for State Financial Aid

(TASFA)

If a student finds that he/she does not meet the citizenship requirements for the FAFSA, there might be state financial aid available.

Texas offers the TASFA.

Each institution requirements for processing the TASFA application is different. Please check with your financial aid department.

Page 24: FINANCIAL AID

Student Loans

Federal &

Private

Page 25: FINANCIAL AID

Work Study

Usually a student works 19.5 hours a week.

Page 26: FINANCIAL AID

Lone Star College Example:

Page 27: FINANCIAL AID

What

about

books

?

Lone Star College Example:

Page 28: FINANCIAL AID

Lone Star College Example:

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Stop before you withdraw from that class!!!!

Page 30: FINANCIAL AID

Sta

ndard

s of

Aca

dem

ic

Pro

gre

ss

Lone Star College Example:

Current processes are being revised.

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Talk with your financial aid office to find out their policies.

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Start the financial aid process a soon as possible.

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“The early bird catches the worm!”

Page 34: FINANCIAL AID