Financing your

FuturesPresented by..

Mayfair High School

Counselors

Source: Bureau of Labor Statistics, Current Population Survey 2012

JOB =

Just Over Broke!

Invest in a

CAREER!

EDUCATION

PAYS

OFF!Not just COLLEGE…

Career Tech/Vocational Programs = EDUCATION, too!

System

Community

Colleges

California State

University

University of

California

Private and

Independent

Colleges

# 112 23 10 73 WASC

accredited

Selection All high school

graduates

Top 33% of HS

graduates

Top 12.5% of

HS graduates

Varies

Exams Placement

Exams

upon entry

ACT or SAT

ELM / EPT

ACT or SAT **SAT Subjects as

needed

Varies

Degrees AA Degree

Certificate

Programs

Transfer

Programs

Bachelors,

Master

Bachelor,

Masters,

PHD

Bachelor,

Masters,

PHD

Tuition/Fees

**amount may

change

Approx

$46 per unit

($1104/yr)

Tuition/fees only

Approx

$6,452/Year

Tuition/fees only

Approx

$13,456/Year

Tuition/fees only

Averages

$30,000

per year

***Not including: room & board, books & supplies, transportation, & personal expenses, such as clothing, laundry & entertainment.

Types of Financial Aid

“Gift” Aid

• Money that does NOT have to be paid back.

Grants (Federal & State) – Money you do not have to pay back and usually based on merit and/or financial need.

Scholarships – Free Money for college and are usually based on your area of study or merit.

Types of Financial Aid

“Self-help” Aid

• Money that you work for or that you will need to pay back later.

Work Study –part-time job on or off campus.

Educational Loans – Borrowed money that you must repay with interest.

Where does Financial Aid

come from?

Government (State or Federal) / Department of Education

Colleges

Companies

Private scholarship funds

FEDERAL STUDENT AID

FAFSA

FEDERAL STUDENT AID

FAFSA = Free Application for Federal Student Aid

Opens doors to all types of financial aid (Gift and Self-help)

• Grants

• Work Study

• Educational Loans (lower –no interest rates)

Most are Based on Financial Need

FAFSA (continued)

EVERYONE should submit the application

ASSUME you are eligible – Don’t rule yourself

out because of income or academics

Click “SUBMIT” online after January 1st (the

sooner you submit the better).

It WILL take TIME to fill out ONLINE...BUT it’s

worth it!! (approx. 1 hour)

Expected Family Contribution

(EFC)

Based on the information that you provide...the FAFSA determines your Expected Family Contribution (EFC).

A specific formula that most colleges , states and some scholarships use to figure out how much help you will need.

Determines how much money you and your family must contribute each year for your education

How do you APPLY for FAFSA?

STEP ONE: GATHER YOUR INFORMATION

Your Social Security Number & Parents’ Social Security Number.

Your driver's license (if any)

Your 2015 W-2 Forms and other records of money earned

Your Parents´ 2015 Federal Income Tax return (if you are a dependent student)

Your Alien Registration Number, if you are not a citizen.

Records of untaxed income…see brochure.

How do you APPLY for FAFSA?STEP TWO:

FIRST-----Download the FAFSA on-the-Web Worksheet

Go to www.fafsa.gov

SAMPLE of FAFSA on the Web WORKSHEEThttps://fafsa.ed.gov/fotw1415/pdf/fafsaws14c.pdf

Fill out application online by

MARCH 2nd!

GO TO:

www.fafsa.gov

$$ is available on a FIRST

COME – FIRST SERVE basis

CAL GRANT = FREE MONEY

FAFSA

+ Verified GPA

= A CAL Grant Application

State grant that can be used at an “eligible” California School. Do your research to see what schools are eligible:

https://webutil.csac.ca.gov/CalGrant_Inst/CalGrantInstSearch.aspx

Various Awards available (CAL GRANT A, B, C…-- Usually awarded based on student’s profile)

Do FAFSA & Click “SUBMIT”

January 1 – March 2 ($$ available first come, first serve basis)• VERIFIED GPA: (need RELEASE FORM to submit

electronically)

• MHS will submit ELECTRONICALLY this year

If you did not turn this in (from the

Summer Mailer)…. See your Counselor!

Another Resource:

WWW.CSAC.CA.GOV

For Undocumented Students…

There is AID!

**See your Counselor = CONFIDENTIAL

FAFSA 4caster will pre-populate

FAFSA and will estimate your

eligibility for federal student aid.

SCHOLARSHIPS

SCHOLARSHIPS

“Free” money • Does not require repayment

Awarded based on:• special ability

• academic achievement

• religious affiliation

• ethnic background

• special interest

• random drawings

SCHOLARSHIPS (continued)

Students MUST apply before Deadlines!

• Essays

• Letters of Recommendations

Make sure to do a “Student Brag Sheet”

Ask Teachers/Counselor for letters

WAY BEFORE deadline dates

Be careful of SCHOLARSHIP SCAMS!

If you have to pay for it…

It’s probably a scam!!

SCHOLARSHIPS (continued)

www.fastweb.com – Check search engines that do not charge a fee!

Check your program/college’s financial aid office

Check with your parent’s workplace

MHS Generic Scholarship Application• Local community organizations• Elementary Schools• PTSA• District Organizations• Local Scholarship Funds• Comes out in 4th quarter for Seniors

SCHOLARSHIPS (continued)

MHS Scholarship Spreadsheet

Utilize MHS College and Career Center – (room 300)

NAVIANCE!!!

www.scholarshipamerica.org/edisonscholars

SENIORS planning to study Math, Science, Engineering or Technology

•Goals & Aspirations

•Challenging Circumstances

•Academics

•Leadership

•Financial Need

SAMPLE SCHOLARSHIP --- On the web

FAFSA HELP… MHS COLLEGE & CAREER CENTER (Room 300)

Rest of January until March 2nd:

• @snack & lunch

• 5th, 6th period or afterschool until 3pm

• MUST HAVE A PASS FROM TEACHER

MHS Parent Workshops:

• Friday, January 8, 2016 @ 9am Coffee Hour, Career Center

• Wednesday, January 20, 2016 @ 6pm, Library

Cerritos College – Financial Aid Workshops

Cerritos College – Dream Act Workshops

SEE YOUR COUNSELOR

NAVIANCE

NAVIANCE: Navigation + Guidance

Assists in answering that dreaded question:

“What are you going to do with your life?”

“What are you going to do in the Future”

“How are you going to get there????”

How To Log On: USERNAME

Capitalize the FIRST LETTER of your first name. Then capitalized the first letter of your last name

and then spell out your full last name, then add the last 4 digits of your 10 digit district ID number.

Sample: MTwain3652

Temporary PASSWORD:

busd and 5 digit student ID number

Sample: busd54551

The first time you set up your username and password, it will ask you to then create your own

8 digit password. Pick something easy for you to remember!

Going into Chrome you will use your student gmail. MTwain3652@s.busd.k12.ca.us

Please remember your username and new password; you will need it every time you log on

to a computer!

LOG-ON TO NAVIANCE…

http://connection.naviance.com/mayfairhigh

USER NAME: JLane1234

PASSWORD: busd12345 (unless you changed it)

Questions or Comments?