financial aid. types of financial aid grants (federal, state, and institutional) scholarships (need...

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Financial Aid

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Page 1: Financial Aid. Types of Financial Aid Grants (federal, state, and institutional) Scholarships (need & non-need based) Loans (federal Direct Loans & alternative)

Financial Aid

Page 2: Financial Aid. Types of Financial Aid Grants (federal, state, and institutional) Scholarships (need & non-need based) Loans (federal Direct Loans & alternative)

Types of Financial Aid

• Grants (federal, state, and institutional)

• Scholarships (need & non-need based)

• Loans (federal Direct Loans & alternative)

• Work-Study (federal & state)

Page 3: Financial Aid. Types of Financial Aid Grants (federal, state, and institutional) Scholarships (need & non-need based) Loans (federal Direct Loans & alternative)

How to Apply

• Free Application for Federal Student Aid (FAFSA)

www.fafsa.ed.gov

• Identify institutional specific application requirements

Easier Than Ever!

Page 4: Financial Aid. Types of Financial Aid Grants (federal, state, and institutional) Scholarships (need & non-need based) Loans (federal Direct Loans & alternative)

Common Documents Needed

• Federal School Code

• Personal Identification Information

• Most recent tax return and W2(s)

• Miscellaneous income documents

• Current bank statements, investment records, and asset information

Page 5: Financial Aid. Types of Financial Aid Grants (federal, state, and institutional) Scholarships (need & non-need based) Loans (federal Direct Loans & alternative)

How is FAFSA Information Used?

• Calculates EFC

• Establishing cost of attendance

• Determination of financial need

• Identification of aid program eligibility

Important: Verify SAR information is accurate and correct any errors

promptly!

Page 6: Financial Aid. Types of Financial Aid Grants (federal, state, and institutional) Scholarships (need & non-need based) Loans (federal Direct Loans & alternative)

Considerations

• Application for aid does not guarantee awards

• Applicable deadlines

• First come, first served

Page 7: Financial Aid. Types of Financial Aid Grants (federal, state, and institutional) Scholarships (need & non-need based) Loans (federal Direct Loans & alternative)

Resources

TAMUCT Office of Student Financial Assistancewww.ct.tamus.edu/departments/financialaid

Federal Student Aid – U.S. Department of Educationwww.studentaid.gov

College For All Texans – Texas Higher Education Coordinating Board

www.collegefortexans.com

Page 8: Financial Aid. Types of Financial Aid Grants (federal, state, and institutional) Scholarships (need & non-need based) Loans (federal Direct Loans & alternative)

Contact Information

Student Financial Assistance1001 Leadership Place

Killeen, TX 76549Phone: 254.501.5854

Fax: 254.519.5733Email: [email protected]

Office Hours:Monday through Friday 8:00 a.m. – 5:00 p.m.