Financial AidWHAT YOU NEED TO KNOW TO PAY

FOR COLLEGE EDUCATION

YOU WILL LEARN ABOUT….

• MAKING TIMELINES AND DEADLINES

• FASFA

• DOCUMENTS NEEDED

• PIN NUMBER

• ELIGBILITY

• LOANS, GRANTS, SCHOLARSHIPS

• OTHER RESOURCES

TIME LINES AND DEADLINES

• Apply as early as possible beginning January 1st of each year.

• You may now file your Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov by MARCH 2 of each year.

TIMELINES AND DEADLINES

FINANCAIL AID

WORKSHOPDEC. 10 @

6PM

TIME TO APPLYJAN. 1

TIMES UP!!MARCH 2

THE BASICS OF GETTING STARTED

• WWW.FAFSA.ED.GOV

• Important: Read the instructions!

• Apply Early!

• Complete Your Tax Return!

• Save Time: File Electronically!

• GET YOUR DOCUMENTS

• DEADLINES: FEDERAL AND STATE

FREE APPLICATION for FEDERAL STUDENT AID!!!

DOCUMENTS NEEDED

• SOCIAL SERCURITY NUMBER• DRIVER’S LICENCES (IF ANY)• YOUR’S/PARENTS' 2008 TAX

RETURN• PARENT’S CURRENT BANK

STATEMENTS• PARENTS’ current business

and investment mortgage information, business and farm records, stock, bond and other investment records

DOCUMENTS NEEDED

• Dependency Status Worksheet

• FAFSA on the Web Worksheet

• Student's Income Estimator Worksheet

• Parents' Income Estimator Worksheet

• Student Aid Eligibility Worksheet

YOU MAY ALSO NEED…

WWW.FASFA.ED.GOV

PIN NUMBER

• IDENTIFIES YOU TO HAVE ACCESS TO PERSONAL INFORMATION

• 4 – DIGIT NUMBER • SS#, NAME, AND DOB

• CAN BE USED TO• ELECTRONICALLY SIGN FEDERAL STUDENT AID

DOCUMENTS• ACESS YOUR PERSONAL RECORDS• MAKE BINDING LEGAL OBLIGATIONS

PIN NUMBER

• STUDENT AND PARENT (if you are a dependent student) will need to sign your FAFSA.

• Using a PIN to sign your FAFSA electronically is the fastest and most reliable way.

• Your PIN can be used each year

WWW.PIN.ED.GOV

www.fafsa.ed.gov

ELIGIBILITY• Basic Equation of Need

Cost of Attendance (COA)

----- Expected Family Contribution (EFC) _______________________________

=Student’s Financial Need

(FA eligibility)

WWW.FAFSA.ED.GOV

COST OF ATTENDANCE(COA)• Tuition & fees• Room & board• Books & supplies• Transportation• Miscellaneous personal

expenses– Computer cost

– Study abroad expenses– Care and educational

expenses …. associated with a disability

TYPES OF FINANCIAL AID

• Self-Help Aid– Loans

• Federal Stafford/Direct• Federal Perkins• Private (Alternative)

– Work Study/Employment• Federal• State• Institutional

• Gift Aid–Grants

• Federal• State• Institutional• Private

–Scholarships• Institutional• Private

TYPES OF FINANCIAL AIDGRANTS VS LOANS

• FEDERAL PELL GRANTS– LARGEST Need - Based student

aid program– $890 - $4,731 (’08-’09)

• The Academic Competitiveness Grant

• The National SMART Grant

• FEDERAL SUPPLEMENT EDCATIONAL OPPORTUNITY GRANT (SEOG)

• CAMPUS BASED

• FEDERAL TEACH GRANT• Students who plan on teaching in

public/private elem. school

• SUBSIDIZED– Private sources

• Banks, credit unions, saving and loans ass., and educational organizations

• FEDERAL GOV. PAYS INTEREST WHILE ATTENDING SCHOOL

• UNSUBIDIZED• Terms similar• repayment begins as soon as

money is received – BY STUDENT!!!

*Freshman up to $5,500*Upper classmen $6,500*Repayment schedule worked out

btwn student and lender

TYPES OF FINANCIAL AIDSCHOLARSHIPS

AVAILABLE SCHOLARSHIPS

-Scholarship newsletter

-Internet (sites on newsletter)

-Community groups

- www.srhsfalcons.org

TYPES OF FINANCIAL AIDSCHOLARSHIPS

*Beware of Scholarship Scams

*Avoid Scholarships that Charge a Fee

*Avoid Scholarship Services that Charge

APPLY!

APPLY!

APPLY!

RESOURCES

• WWW.FAFSA.ED.GOV• WWW.COLLEGEBOARD.CO

M• WWW.CALIFORNIACOLLEGE

S.EDU/FINANCE/FINANCIAL-AID-FAQS

• WWW.FINAID.ORG• http://www.csac.ca.gov/• 1-800-4-FED-AID• WWW.SRHSFALCON.ORG

REMEMBER TO CHECK WITH COLLEGE OF INTEREST FINANCIAL AID DEPT.

TIMELINES AND DEADLINES

FINANCAIL AID

WORKSHOPDEC. 10 @

6PM

TIME TO APPLYJAN. 1

TIMES UP!!MARCH 2

THAT’S ALL FOLKS!!!