Embed Size (px)
Citation preview
How to Fund Your Dream School
By Leticia MorenoFinancial Aid Counselor
Perform at the Highest Level
Transfer Student Merit Scholarships- Ask admission office of four year institution.
Phi Theta Kappa Honor Society (3.5GPA) IIT-$5,000 PTK Scholarship UIC-One semester tuition waiver DePaul University-up to $3,000
Institutional Scholarships IIT-Presidential Scholarship-$23,500 & $5,000 Housing (3.5 GPA) UIC-Transfer Merit Tuition Awards (3.25 GPA) DePaul-Transfer Scholarships- (3.5 GPA)
IIT Presidential ScholarshipIIT-Presidential Scholarship-$25,000 &$5,000 Housing (3.5 GPA)
HOW TO APPLY Complete an IIT application for admission Download and complete the Presidential Scholarship Form:
DEADLINESpring 2014- November 15, 2013 deadline
http://admissions.iit.edu/undergraduate/finances/presidential-scholarships
Cost of AttendanceEstimated expenses are provided to students to assist them in determining actual expenses for the academic year. This is not a bill.
Tuition Fees Room and Board Books & Supplies Transportation Personal/Miscellaneous
How to Fund Your Education
• Need-Based Scholarships• State Grants• Federal Grants• Federal Work-Study• Federal Loans• Outside Scholarships
Need Based Scholarships
Usually reviewed by the institution after Free Application for Federal Student Aid (FAFSA) is completed.
Review the institution’s web site.
A good reason to complete FAFSA.
State GrantsIllinois Monetary Award Program (MAP)-up to $4720 (15 credit hours per semester)
2013-14 MAP grant suspended to all students whose initial 2013-14 FAFSA was, or will be, received by the federal processor on or after March 2, 2013 (deadline March 1, 2013 -11:59 pm).
be a U.S. citizen or U.S. Permanent Resident be an Illinois resident (If you are a dependent, the parent
whose information is used on the FAFSA must be an Illinois resident)
demonstrate financial need (EFC 0-9000)www.isac.org
Federal Aid
Complete Free Application for Federal Student Aid (FAFSA) www.fafsa.ed.gov school code
You must be a U.S. Citizen or U.S. Permanent Resident
Undocumented parents of U.S. Citizens or U.S. Permanent Residents must print signature page and submit it by mail.
Undocumented students who have been approved for Deferred Action for Childhood Arrivals (DACA) are not eligible to apply for FAFSA
Federal Aid (cont.)www.studentaid.ed.gov
Pell Grant-up to $5645 –Lifetime Pell Eligibility 6 years or 600% (NSLDS.ED.GOV) EFC 0 - 5081
FSEOG Grant -$100-$4000 Federal Work Study- Money earned during the
school year.
Federal Aid- LoansInvestment in Yourselfwww.studentaid.ed.gov
Perkins Loan- 5% interest rate Direct Stafford Subsidized Loan-3.86% interest rate
(7/1/2013) Direct Stafford Unsubsidized Loan-3.86% interest
rate Direct Parent Plus Loan-6.41% interest rate
If Parent Loan denied student may receive unsubsidized loan increase.
Stafford Subsidized and Unsubsidized Loans are divided into two semesters. Some students transfer into four year institutions during the spring semester. Therefore, if the fall portion was not utilized, the student should accept the full Subsidized Loan first.
Outside Scholarships Jack Kent Cooke Foundation- up to $30,000
in scholarships (early November deadlines)http://www.jkcf.org/
U.S. News.com Education Blog
http://www.usnews.com/education/blogs/the-scholarship-coach/2013/02/07/check-out-these-scholarships-for-transfer-students
Type “scholarships for transfer students” in your browser
Outside Scholarships Chicago Prowler Scholarship
http://collegeprowler.com/cpscholarships/
Illinois Dream Fund Scholarshiphttp://www.illinoisdreamfund.org/
Appeal ProcessThis process is utilized to advice the Office of Financial Aid of a Special Circumstance. Such as things that are not reflected in the FAFSA or things that have changed since the FAFSA was completed.
Loss of Employment Reduced Pay High Medical/Dental Bills Dependency Override for Recently Married or
Unaccompanied Homeless Youth
Presenter
Leticia MorenoEnrollment Specialist /Financial Aid
CounselorIllinois Institute of Technology
