how do i pay for college?. summary what can i do now? types of aid application process tips for...
TRANSCRIPT
How do I pay for college?
SummaryWhat Can I Do Now?
Types of Aid
Application Process
Tips for Financial Success in College
What Can I Do Now?Save, Save, Save!!!
Get Involved
Scholarship Applications
High School Counselor
Community Foundations
Google and Online Scholarship Search Engines
Warning: Should not have to pay for scholarships - Scams
Create a Budget - Calculators
Types of AidMerit Based - G.P.A, Test Scores
Grants and Scholarships
Need Based - Financial Need
Grants
Scholarships
Loans
Types of Aid
● Money given, paid or loaned to help pay for college
Gift AidGrants and Scholarships (free money)
Self-Help AidWork-Study (job opportunity to earn money)Loans (money borrowed that must be repaid)
Application Process
Admission Application
Local Applications
Online Applications
Free Application for Federal Aid (FAFSA)
FAFSAwww.fafsa.ed.gov
www.fafsa4caster.ed.gov
Expected Family Contribution (EFC)
Can File earliest January 1st for Fall Semester - First Come, First Serve
Special Condition Application
College Goal Sunday
WWW.FAFSA.ED.GOV
FAFSA WORKSHEET
Save time by completing a worksheet before accessing FOTW
Order Worksheets at www.fsapubs.org or by phone at 1-800-4-FED-AID
FAFSA PROCESS
Student
Central ProcessorCollege
TEACH Grant$4000 per year - Grant - Loan if do not fulfill teaching obligation
Teach at least 4 years in high need areas/low income (within 8 years of graduation)
Sign Service Agreement Each Year
Counseling
Maintain 3.25 GPA or score above the 75th percentile on national standardized college admissions test
Must document teaching service after graduation
Tips for Financial Success in College
Watch the extra payments - Cell, Car, Credit Cards
Use care when borrowing
Really think about want vs need
Stick to your budget
Work part time
Don’t stop looking for scholarships