Making College Possible:

1
Making College Possible

• How to Finance your Education

2
Cost of College

• Tuition
• Fees
• Books
• Dorm/Apartment
• Food plan
• Transportation
• Supplies
• Computer
• Miscellaneous

3
Ways to pay for college

• Savings
• Job
• Financial Aid
• Scholarships
• Parent Support
• Outside Support
• Military benefits
• Division of Vocational Rehabilitation
• Indian Grants
• Americorp and Vista Grants

4
Scholarships

• Types
• Institutional
• Noninstitutional
• Locating Scholarships
• Guidance Office
• Websites
• Community Organizations
• Groups, Clubs, Activities

5
FREE Scholarship Services
6
Scholarships (cont.)

• Essays
• Activities and Involvement
• Awards
• Volunteer Experiences
• Leadership Roles
• Career Goals
• Personal Goals
• Inspiring People/Things
• Special Circumstances
• Financial
• Health
• Family
• Personal
• Scams

7
Financial Aid

• Types
• Grants
• Loans
• Subsidized and Unsubsidized Stafford Loans
• Perkins
• PLUS Loans
• Alternative Loans
• Work Study
• Form
• Free Application for Federal Student Aid (FAFSA)
• Paper or Online (www.fafsa.ed.gov)
• Process
• Online
• Apply for a PIN (www.pin.ed.gov)
• Fill in demographic information
• Complete student and parent tax information from
  previous year
• Indicate school and school codes
• Sign with signature page and mail or sign and
  submit electronically with PIN numbers
• Paper form

8
Financial Aid (cont.)

• Process (cont.)
• FAFSA processed with federal government and sent
  electronically to schools within 1-2 weeks
• Verification Provide copies of tax information
  to school and complete worksheet One-third of
  files are chosen
• School reviews information and sends award letter
  that lists types and amounts of financial aid
  available
• Student accepts or declines financial aid and
  returns award letter to school, and completes any
  additional necessary steps
• School processes award letter and financial aid
  money credits to students account extra money
  given to student or parent
• Awarded for both Fall and Spring semesters
• Timeline
• FAFSA available January 1st for upcoming academic
  year
• Apply by school priority deadline (February to
  April)
• Four to six weeks to process financial aid may
  be longer depending on time of year
• Reapply for financial aid every year

9
Financial Aid (cont.)

• Common Questions
• Accounts whose and what to report?
• Family situation/Parents who should be
  included?
• School listing codes?
• To put parent information or not?
• Tax questions?
• Whats happening with my financial aid?
• Resources
• College Financial Aid Offices
• Accountants/Tax Preparers
• Federal Websites
• www.fafsa.ed.gov
• www.studentaid.gov
• www.fafsa4caster.gov

10
Other Options for Paying for College

• School Payment Plans
• Other School Resources
• Tuition Assistance or Tuition Reimbursement from
  Work
• Less credits/Working full-time

11
Are you ready?

• POP QUIZ!!!!!

12
Name one cost of college.

• A. Tuition
• B. Books
• C. Dorm and Food Plan
• D. A, B, and C
• E. There is not cost to college.
• D. A, B, C

13
True or False?

• The two big ways to pay for college are through
  financial aid and scholarships.
• TRUE

14
Name one place to find scholarships.

• Guidance Office
• Websites
• Colleges
• Community Organizations

15
Name two things to include on a scholarship essay.

• Activities and Involvement
• Awards
• Volunteer Experiences
• Leadership Roles
• Career Goals
• Personal Goals
• Inspiring People/Things
• Special Circumstances
• Financial
• Health
• Family
• Personal

16
What are the types of financial aid?

• A. Grants
• B. Loans
• C. Work Study
• D. All of the above
• D. All of the above

17
What is the name of the financial aid application?

• FAFSA (Free Application for Federal Student Aid)

18
How long does it take for financial aid to
process?

• Four to six weeks

19
Name one place to go to get answers to financial
aid questions.

• College Financial Aid Offices
• Websites
• Accountants

20
Name one other option for paying for college.

• School Payment Plans
• Other School Resources
• Tuition Assistance or Tuition Reimbursement from
  Work
• Less credits/Working full-time

21
Questions?