Monticello High School Seminar

Paying for College

Tonights Agenda

The Application Process

What is Financial Aid

Resources

Questions

The Application Process

How do students get financial aid?

FAFSA on the Webwww.fafsa.ed.govwww.fafsa.ed.gov

CSS/Financial aid PROFILE

www.collegeboard.orgwww.collegeboard.org

Determining Financial Need The FAFSA and other

applications are used to determine the Estimated Family Contribution (EFC)

Schools use the EFC to determine eligibility for need-based financial aid and to prepare an award package.

Cost of Attendance less EFC = Financial Need

What is financial aid?

Financial aid is…

Funds provided to students & families to help pay for postsecondary educational expenses. These include:

Scholarships/Grants = Free Money

Work Study = Must work to earn funds.

Loans = Must pay back

Scholarships

College/University Scholarships

Private and Community Scholarships

Loans Money that has to be repaid – usually not

until after the student graduates

Need-based award that provides an opportunity to work at your school and earn money to help pay for educational expenses.

Work Study

Grants

Need-based money awarded by colleges and universities.

RESOURCES

Websites

Net Price Calculator

QUESTIONS?

THANK YOU