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12 th Grade PEP. Post-Secondary & Financial Planning. Overview. Introduce first step in the financial aid process: completing the Federal Application for Student Aid Review scholarship data and learn tips for winning scholarships - PowerPoint PPT Presentation
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12th Grade PEP
Post-Secondary & Financial Planning
Overview• Introduce first step in the financial aid process:
completing the Federal Application for Student Aid
• Review scholarship data and learn tips for winning scholarships
• Review scholarship lists and document your scholarship research in Naviance
• Understand the admission process and complete at least 1 college application
• Take the college quiz to see what you know
FAFSA• Play DSF video on completing the FAFSA
o http://www.youtube.com/watch?v=xgJ2kIHFhvQ&feature=relmfu
• Cannot apply for FAFSA until January 1st, 2013, but try to apply early because money is awarded on a first come first serve basis.
• What can you do now to get ready?o Encourage your parents to file their taxes early.o Visit www.fafsa4caster.ed.gov to complete a trial application, visit
www.pin.ed.gov to apply for your PIN #, and visit www.fafsa.gov to get familiar with the website.
o Begin collecting information you will need: SSN, B-date, driver’s license, W-2 forms, tax returns, savings account info, stocks and bonds.
o Continue exploring colleges and select your top 10 schools. You must list your college on the FAFSA in order to receive an award letter from the college once you are accepted.
FAFSA• Refer to top half of page 15 on student handout.
FAFSA & DSF• Completing the FAFSA will determine your Expected
Family Contribution (EFC).
College Cost (tuition, fees, room, board, books, etc.)
Expected Family ContributionFinancial Need
• This information is used by colleges to determine your financial aid package award.
• Likewise, it is also used by DSF and other need-based scholarships to determine eligibility and the amount awarded.
Financial NeedAwards (grants, loans, work study, scholarships)
Unmet need
Undocumented Students & the FAFSA• Undocumented students may qualify for federal and/or
state financial aid based on their residency statuso If you or your parents filed an application with the Immigration and
Naturalization Service (INS) and are in the process of obtaining residency, you may be eligible to receive resident fee status for tuition purposes and you may also be eligible to receive federal financial aid. Speak to a licensed immigration attorney for further details regarding your specific situation.
• Students who lack proper legal documentation are not eligible for federal aid under the Illegal Immigration Reform and Immigrant Responsibility Act (IIRIRA) of 1996 sec 505.
• Likewise, students who lack proper legal documentation in Colorado are not eligible for state funds.
In addition to FAFSAWhat else can students do to help reduce their
unmet need and help pay for college?
Apply for scholarships!
Unmet needScholarship $What you pay
Who wins Scholarships?
• According to Cindy Nguyen, admissions counselor at Metro, 10% of the students apply for 90% of the scholarships.
• Of students enrolled full-time at a 4-year college, 14,3% get enough grants to cover 50% or more of their total Cost of Attendance (tuition, roam and board, books, etc.)
• Of students winning scholarships, one-third receive more than $2,500.
• Secrets to Winning a Scholarship by Mark Kantrowit, Publisher of Fastweb and FinAid, April 19, 2011.
More scholarships awarded for some majors
Major Percentage
WinningAverage
AwardMath/Statistics 23.2% $4,059 Engineering 17.6% $3,075 Physical Sciences 17.1% $3,180 Life Sciences 16.9% $2,649 Education 15.0% $2,420 Health 14.8% $2,880 Social Sciences 12.7% $3,063 Humanities 12.5% $2,623 Computer Science 11.1% $2,974 Business 9.1% $2,828 • Secrets to Winning a Scholarship by Mark Kantrowit, Publisher of Fastweb and FinAid, April 19, 2011.
More Students with Good Grades Win
Cumulative Grade Point Average (GPA)on a 4.0 Scale
High School GPA (% Winning
Scholarships)
0.0-1.9 (D- to C) 5.7%
2.0-2.4 (C to B-) 7.1%
2.5-2.9 (B- to B) 9.5%
3.0-3.4 (B to A-) 10.7%
3.5-4.0 (A- to A) 18.7%
• Secrets to Winning a Scholarship by Mark Kantrowit, Publisher of Fastweb and FinAid, April 19, 2011.
Better Test Scores Mean More Awards
SAT Combined Score
Probability of
Winning a
Scholarship< 700 2.6%700 to 800 4.2%800 to 900 5.4%900 to 1000 5.8%1000 to 1100
7.4%
1100 to 1200
8.5%
1200 to 1300
11.2%
1300 to 1400
13.2%
ACT Composite Score
Probability of
Winning a
Scholarship< 15 2.6%15-17 4.7%18-20 5.6%21-23 7.3%24-26 8.3%27-29 11.1%30-36 14.2%
• Secrets to Winning a Scholarship by Mark Kantrowit, Publisher of Fastweb and FinAid, April 19, 2011.
The Race MythRace
Percent of
Recipients
Percent
Winning
Average
Award
White 71.5% 14.4% $2,645
Black or African American 10.5% 11.4% $2,962
Hispanic or Latino 8.1% 9.1% $2,353
Asian 4.4% 10.5% $3,170 American Indian or Alaska Native
1.4% 32.7% $3,967
More than One Race 3.4% 16.0% $4,891
All Minority Students 28.5% 11.2% $3,167
• Secrets to Winning a Scholarship by Mark Kantrowit, Publisher of Fastweb and FinAid, April 19, 2011.
Top Ten Most Unusual Scholarships
1. Scholarship for Left-Handed Students2. Duck Brand Duct Tape Stuck at Prom Contest3. David Letterman Telecommunications
Scholarship4. Zolp Scholarships5. Patrick Kerr Skateboard Scholarship6. Scholar Athlete Milk Mustache of the Year Award7. National Marbles Tournament Scholarships8. Klingon Language Institute Scholarship9. National Beef Ambassador Program10.Vegetarian Resource Group Scholarship
Strategies for Winning Scholarships
• It’s a numbers gameo Even among talented students, who wins involves a bit of
luck, not just skillo To win more scholarships, you need to apply to more
scholarships, but only if you qualify
• You can’t win if you don’t applyo One in four students never applies for financial aid
• The more you apply, the easier it getso Essays can be reused and tailored to each new application
• Don’t miss deadlines o Use a scholarship tracker to help get organized and help
prioritize your applications by deadline and award amounto Use your calendar to note scholarship application deadlines
• Secrets to Winning a Scholarship by Mark Kantrowit, Publisher of Fastweb and FinAid, April 19, 2011.
Use a Scholarship Tracker
• Refer to page 16 of student handout. Have student use this form to record scholarships they research.
Searching for Scholarships
• Start searching as soon as possible (if you wait until spring to start searching, you will miss half the deadlines)
• Use a free scholarship matching service and complete all questions, including optional questions, to increase your number of scholarship matches.
• Look for local scholarships on bulletin boards near the counseling office and/or the DSF office.
• Look for scholarship listing books in the library’s jobs and careers section, but check the date
• Look in the coupon section of the newspaper• Secrets to Winning a Scholarship by Mark Kantrowit, Publisher of Fastweb and FinAid, April 19, 2011.
Free scholarship matching websites
• www.finaid.org/scholarships• www.finaid.org/websearch• www.finaid.org/scholarshipscams• www.fastweb.com• www.ftc.gov/scholarshipscams• www.finaid.org/taxbenefits• www.irs.gov/pub/irs-pdf/p970.pdf
Additional Resources• Refer to the bottom half of page 15 of student
handout for additional info about college financial planning and scholarship information.
NavianceScholarship Search
• Open a new tab and log-in to Naviance using the following Username and Password
Student ID #
mmddyy
Click, “Log In”
Naviance1) Click the colleges tab
2) Explore scholarship match and scholarship list
Scholarship ListClick a category heading to sort by
deadline, award amount, etc.
Scholarship Match
Scholarships for Undocumented
Students• Scholarship A-Z for Undocumented Students - http://
www.latinosincollege.com/payingsch/Scholarships_for_undocumented_students.pdf
• Latino College Dollars - http://www.latinocollegedollars.org/
• Mexican American Legal Defense and Educational Fund http://www.maldef.org/assets/pdf/Scholarship_List_2010_2011.pdf
• BOCES Geneseo Migrant Center www.migrant.net/migrant/scholarships.htm
• Harvest of Hope Foundation - www.harvestofhope.net• View your handout for an additional list of
scholarships
Scholarships and Undocumented
Students• Remember, while undocumented students may
not receive federal or state grants or scholarships, there is no policy or law against receiving private scholarships from private schools for private donors.
• Even if a private scholarship application asks for a social security number, you may always call the donor and ask if they will allow any exceptions
Naviance Scholarship Exploration Survey
1) Click the about me tab
2) Click “dps scholarship exploration survey”
Complete the SurveyList the scholarships you’ve explored
Click “Save and I am finished”
Naviance College Essay/Personal Statement
1) Click the about me tab
2) Click “dps draft of college Essay/personal statement” to edit and review. Use this as a starting point to for both your scholarship and college application essays.
Admissions Checklist• See page 4 - 5 of handout for checklist by month.
Admissions Steps (Fall)
• Research colleges and find your reach, match and safety schools. Attend college tours and college fair, etc.
• Schedule to take or re-take the ACT/SAT, if appropriate, and make sure your scores are sent to all college options
• Complete and submit applications prior to Winder Break Note: the sooner the better to increase your chances of being accepted and receiving aid (Nov 1 early deadline)
• Edit and finalize your college essays and submit on time• Request letters of recommendation and submit on time• If you college accepts it, submit a CSS/Financial Aid Profile at
www.profileonline.collegeboard.com • Review your transcript for accuracy • Keep up your grades and verify that you are on-track to meet
all graduation requirements• Use college application tracker to keep track of application
components and deadlines for each school
Admissions Steps (Spring)
• Submit your FAFSA as soon a possible after January 1st. • Remember to complete CSS profile, especially if attending a
private school and if ineligible to complete FAFSA.• Attend a financial aid workshop to receive assistance.• Check to see that colleges you applied to have received your
application.• Make sure colleges have received your midyear transcript, test
scores, and financial aid information.• Expect your student aid report (SAR) 4 weeks after you complete
the FAFSA. If not, begin asking questions.• Begin receiving admission decisions and financial aid award
letters from colleges. • Keep track of all acceptances, rejections, and waitlists. • Decide which college you will attend. Pay the deposit, if required.
Notify colleges if you will not be attending.• Have your counselor send your final transcript.• Take AP exams and CLEP tests, if applicable.
Apply Now• Find and download an application for a college of
interest.• Research the application requirements and
complete your college application tracker.• Complete the application.• If letters of recommendation are required, begin
filling out the request form to give to teachers.
Application Tracker• Refer to page 12 of
student handout
Recommendation Letter
Request Form• Refer to page 14 of
student handout.
Other Scholarship & Application Tips
• Use a professional email address, such as [email protected]
• Clean up the content of your Facebook account, removing inappropriate and immature material
• Google your name to see what shows up• Make a photocopy of your application before
mailing it• Send the application by certified mail, return
receipt requested or with delivery confirmation
• Secrets to Winning a Scholarship by Mark Kantrowit, Publisher of Fastweb and FinAid, April 19, 2011.
College Quizhttp://knowhow2go.org/freshmen_quiz.php