financial aid/scholarships by counseling department
TRANSCRIPT
Financial Aid/Scholarships
by Counseling Department
Who Wants A Million Dollars?
College Tuition Community College
$1,104 California State
University (CSULB) $5,472
University of California (UC) $13,200
Private Universities (USC) $45,602
GRANT
Money that never has to be repaid Two types: Cal Grant/Federal Grant Not a loan Based on financial need Foster Youth- California Chafee Grant up to
$5,000 a year www.chafee.csac.ca.gov New Grant Program: Middle Class Scholarship-available
for undergraduate students; family income up to$150,000; attend a UC or CSU campus and up to 40% fee reduction; and must file FAFSA or CA Dream Act Application by March 2nd; GPA not required, but recommended for all.
Scholarship
More free money usually based on good grades or other requirements
Never have to repay Must apply Various scholarships Ford/Coca-Cola/McDonalds etc..
Work- Study Programs
Federally and college funded Earn money Work on or off campus to help pay for
college Related to course of study
LOANS
Money has to be repaid Low interest Typically funded by the government Loans designed to help you not take
advantage of you! Must fill out FAFSA
California/State Aid
Cal Grant (A) Requires a 3.0 GPA minimum during 10-11th
grades- Not on weighted scale & Excludes PE Up to $9,084 Private Universities $12,192 University of California (UC) $5,472 Cal State Universities (CSU)
Cal Grant B
Requires 2.0 GPA minimum during 10th-11th grades- Not on weighted scale & Excludes PE
Amount Awarded $1,473 Stipend 1st year Typically Living Allowance 1st year 2nd year and on you receive Living
Allowance+Tuition and Fees at UC and CSU; and up to $9,084 Private University
Cal Grant C
Awarded to Technical/Vocational Award amount up to $547 for
books and toolsUp to $2,462 if attending a non-
community college for tuition/fees
Federal Money(FAFSA) Federal Pell/FSEOG
Grants
Financial Need Formula Cost of attendance
- Expected family contribution
=Financial Need
Award $750-$5,645
Expected Family Contribution
El Camino CSLB UCLA USCCost 1,104 5,472 13,200 45,602EFC - 1000 -1000 -1000 -1000Need =104 =4,472 =12,200 =44,602
Don’t throw away free money!
Direct Subsidized Loans
Demonstrate Financial Need Government pays interest while you’re in
school at least half-time No interest till 6 months after graduation Current interest rate 3.86% fixed For 2014-2015 will be 3.86% fixed Amount $3,500-$5,500
Direct Unsubsidized Loans
All qualify regardless of income Will pay interest from day one Interest payment can be deferred while in
school but interest will accrue Encouraged to pay loan during school to
minimize Currently interest rate 3.86% during school Amount $5,500-$20,500
Other Federal Loans
Federal Perkins Loan
•Low interest loan for exceptional need
•No interest charged while in school up to $5,500 each year
•Interest is fixed at 5%
•Can borrow up to $27,500
Federal PLUS Loans
Intended for parents
Never subsidized
Interest begins accruing immediately
Current interest rate 6.41%
Requirements California Resident Must be U.S. citizen or an eligible non-citizen Register with Armed Services Attend a Post-High School Institution Be enrolled at least part-time in college Be in good academic standing Demonstrate financial need Not owe money to the government
Private Scholarships Extra curricular activities Good grades Local Scholarships Companies/Organiz. www.gmsp.org Gates/Mill.
www.fastweb.com www.schoolsoup.com www.collegeboard.com www.finaid.org www.gocollege.com
Scholarships Cont.
African-Americanwww.collegeexpo.comwww.uncf.orgwww.collegescholarships.orgwww.blacknews.com
Asianhttp://www.apiasf.org/www.asianreporter.comwww.collegescholarships.orgwww.asianscholarship.org
Scholarships Cont.
Pacific Islander americansamoa.gov www.apiasf.org pifasandiego.com www.luv2hula.com
Latino www.chci.org www.hsf.net www.maldef.org www.latinocollegedollars.org www.hispanicfund.org
Income and Asset Ceilings 14-15
Income Cal Grant A, C Cal Grant BDependent & Independent Students w/ dependents other than
spouse Family size: Six or more: $101,000 $55,500Five: $93,700 $51,400Four: $87,400 $45,900Three: $80,400 $41,300Two: $78,500 $36,700
Independent StudentsSingle, no dependents: $32,000 $32,000Married, no other dependents: $36,700 $36,700
AB540 Students AB540 students, including undocumented students, can pay for in state
tuition fees at CA public colleges/universities but must have attended 3 years of CA High School & Graduated from CA H.S. & file affidavit
Excellent resource to master AB540 process: www.ab540.com Community College, Cal State University, University of California Private Universities/Private scholarships available w/full rides:LMU,USC www.maldef.org / www.finaid.org / www.latinocollegedollars.org Workshop/Dream Act Application : 1-23-14, 6-7:30pm AB 130 authorizes AB540 students to apply for privately funded
scholarships given by a CA public college/univ. Effective 1-1-12 AB 131 authorizes AB 540 student to apply for state aid: BOG Fee Waiver
at CC, & Cal Grants. Effective 1-1-13 at CC, CSU, & UC. CA Dream Act Application: www.caldreamact.org & Non-SSN Cal Grant
GPA Verification Form, see your counselor. Approved Deferred Action Students in CA should complete the California
Dream Act Application not the FAFSA!
DEADLINES
March 2nd for initial awards Cal Grant submitted by March 2nd Students responsible for submission
of Free Application For Federal Student Aid (FAFSA)
Homework! Yes Homework!
1. Establish PIN # at www.pin.ed.gov now! The PIN # is used to electronically sign FAFSA! Need SSN#.
2. Begin FAFSA www.fafsa.ed.gov on 01-01-14.3. College Reps. will be here to help you fill out FAFSA on
Thurs. 1-23-14 at 6pm in A-8, A-9, & A-10 & later date TBD.4. Bring questions! Otherwise will have to do it on your own.5. Cash for College “Super Saturday” 2-01-14, scholarships/fill
out fafsa for ALL! Find location on www.lacashforcollege.org6. Some colleges may request: CSS/Financial Aid Profile go
onto www.collegeboard.com7. Fill out Cal Grant GPA (paper form). Bring it to Mr. Gutierrez
so he can sign it (A.S.A.P!!)8. View Cal Grant Channel/videos on www.csac.ca.gov & on
www.youtube.com key words “fafsa tutorial” = line by line from Educationquest & UCSBFinAid, view over winter break!!
Questions/Comments