scholarships | grants | loans paying for college through finacial aid
TRANSCRIPT
Scholarships | Grants | Loans
Paying for College through
FINACIAL AID
• Tuesday, January 13, 2015• Financial Aid Workshop –
Receive professional help with the FAFSA
• 4:30 PM – 6:30 PM - LHS Library
Save the Date
• January 12, 2016• Financial Aid Workshop • 4:30 PM – 6:30 PM (drop in any time)-
LHS Library• Receive professional help with the
FAFSA or WASFA• Bring your parents/guardians
What is Financial Aid? WATCH ME: VIDEO: http://www.ownyourownfuture.com/12th/pay/video-hub/cracking-financial-aid-code-words/related/financial-aid-basics/
Grants- Money you don’t pay back, determined by your family’s financial need • The greater your family’s financial need, the more likely you are to receive
grants.Loans- Money you pay the government back, with interest after you have left school
• Subsidized Loans are better: You don’t start accruing interest on your loan until after you have left school
• Unsubsidized Loans start accruing interest as soon as you accept them.Scholarships- Money you don’t pay back, determined by your family’s financial need and/or your academics
• College-specific scholarships (example: Husky Promise at UW)• General scholarships (example: Lindbergh Memorial Scholarship): Non-
college specific.
Sources of Grants and Scholarships
Each source will be a tool to help you financially
1Government
2Colleges
3Private Organizations
Federal & State GOVERNMENT
Source of Need-Based Gift Aid
1
Government• The federal government is the largest source of need-based gift aid, primarily in
the form of the Pell Grant
– Pell Grant – doesn't have to be repaid • The amount depends on: financial need, costs to attend school, status as
a full-time or part-time student, and plans to attend school for a full academic year or less
• State governments - fund grants and scholarships for residents attending college in their state
• To receive grants: File the FAFSA
2 Colleges
Grants & Scholarships to prospective students
Colleges• Colleges offer grants and scholarships
– Stricter requirements for keeping a scholarship than other sources of scholarships
– Some scholarships are available based on specific majors – check with your university/college
• Grants - merit based or need based, or a combination of the two• Merit – Based on your academics – GPA• Need – Based on financial need
3 Private Organizations
Scholarships
Private Organizations• Outside scholarships
Visit the Career Center regularly or Career Center scholarship webpage: http://www.rentonschools.us/Page/1612 – LHS Memorial Scholarship – Available in November– Parents' employer or labor union– Your employer – Church– Other Memorial scholarships
Work Study• Part-time jobs offered on campus
– Flexible time
– Minimum wage
– More likely to be hired than students not offered work study
• Examples:
– Cafeteria worker
– Librarian
• To receive Work Study: File the FAFSA
The FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID)
SENIORS: Complete the FAFSA Starting January 1, 2016: https://fafsa.ed.gov/
WATCH ME: https://www.youtube.com/watch?v=c-23SMf5DyQ Español:https://www.youtube.com/watch?v=OEU6CvGmrSk Financial Aid Workshop @ Lindbergh – January 12, 2016
The WASFA (WASHINGTON APPLICATION FOR STATE FINANCIAL AID)
SENIORS: Complete the WASFAhttp://www.readysetgrad.org/wasfa
Financial Aid Workshop @ Lindbergh: January 12, 2016
ELIGIBILITY:• Low-income• Non-citizen • Students unable to file a FAFSA
due to immigration status • WA State Resident for at least 3
years
Scholarship Search Engines
Career Cursing LHS Career Center
College Board
LHS Memorial Scholarship
Washboard Your University
• Start with local scholarships – Career Center
• Pay attention to:– Qualifications– Deadlines– Requirements– Teacher Recommendations
• Don't wait until the last minute to ask!
• Be wary of scams! Visit the Career Center for more information
RESEARCH!!!
FYI
• January, 12 2016• Financial Aid Workshop • 4:30 PM – 6:30 PM (drop in any time) -
LHS Library• Receive professional help with the
FAFSA or WASFA• Bring your parents/guardians
Save the Date
• Tuesday, January 13, 2015
QUESTIONS?• SEE MS. PENCHEVA @ THE CAREER CENTER
Workshop – Receive professional help with the FAFSA
• 4:30 PM – 6:30 PM - LHS Library
GET THAT FREE MONEY!Financial Aid