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Paying for College 101 Indiana College Cost Estimator

Paying for college 101

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Page 1: Paying for college 101

Paying for College 101

Indiana College Cost Estimator

Page 2: Paying for college 101

Indiana College Cost Estimator

0 www.indianacollegecosts.org 0 Understand the financial aid process 0 Calculate college costs 0 Explore Indiana colleges

Page 3: Paying for college 101

The Financial Aid Process

Page 4: Paying for college 101

The Importance of Filing FAFSA

0 Free Application for Federal Student Aid 0 Key to receiving federal and state financial aid 0 Loans 0 Grants 0 Twenty-First Century Scholars

0 www.fafsa.ed.gov 0 Must be filed by March 10 (Indiana deadline) of student’s

senior year

Page 5: Paying for college 101

The FAFSA Process

0 College Goal Sunday: February 23, 2014!

Page 6: Paying for college 101

EFC 0 Estimated Family Contribution

1.  Student Income – in 2013 the approximate limit was $6,962 before adding to EFC

2.  Student Assets – cash, savings, investments 3.  Parent Income and Assets Contribution

-Number in Household -Number of children in college -Age of older parent/stepparent -Number of working parents/stepparents

Page 7: Paying for college 101

Calculate Your College Costs

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Comparing Financial Awards 0 Goal is to have the smallest amount of out-of-pocket and

loans. 0 Scholarships 0 College financial aid websites 0 Dollars for Scholars FastWeb www.fastweb.com

College Board's Scholarship Search www.collegeboard.com FindTuition.com www.findtuition.com ScholarSite www.scholarsite.com ScholarshipExperts.com www.scholarshipexperts.com Collegetoolkit.com www.collegetoolkit.com

Page 10: Paying for college 101

Explore Indiana Colleges

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Explore Indiana Colleges 0 Map, College Profiles List 0 Statistics 0 Cost Information 0 Admissions Information 0 Links to college websites

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Don’t Forget!

Indiana College Cost Calculator www.indianacollegecosts.org

College Goal Sunday: February 23, 2014