Financial Aid

Where to Apply

FAFSA • fafsa.ed.gov

• Apply January 1st to March 2nd

• Makes you eligible for federal and state grants, scholarships, and loans

What do you need

• You can begin filling out the FAFSA without your income tax returns. Once you complete them, go back to the FAFSA and update your financial information.

• Apply for a pin #. You will need this to access your information.www.pin.ed.gov

Scholarships

• www.Collegeboard.org/scholarships

• www.collegeboard.org/mycollegedollars

• http://studentaid.ed.gov

• www.fastweb.com

Loans

Need-Based Loans

• Federal Perkins Loans are awarded by colleges to students with the highest need.

• Federal Direct Subsidized Loans have a borrowing limit that increases for each year of school you complete.

Loans

Non-Need-Based Loans• Federal Direct Unsubsidized

Loans allow you to add the interest fees to the amount you borrowed until after graduation. But this means you’ll actually end up owing more.

• Federal parent PLUS Loans allow parents to borrow the total cost of college, minus any financial aid received.

Subsidized vs Unsubsidized

• The U.S. Department of Education pays the interest on a Direct Subsidized Loan– while you’re in school at least half-time– for the first six months after you leave school

(referred to as a grace period*)– during a period of deferment (a

postponement of loan payments).

Net Price

• Figure out the cost of attending a college.– Collegeboard.org/npc