Personal: how I was able to be in school and stay in school.

Professional: GTA and Advisor in Office of Financial Aid and Scholarships (enlightened)

Let’s have coffee and talk more

about this stuff!

Use me as a resource.

Budgeting, the true start of $mart

Money to pay for college

ORSAA awards could include:

• Oregon Opportunity Grant (free money)• Oregon Promise Grant (free money—

community college only)• Some OSAC scholarships

FAFSA awards could include:

• Grants (free money)• Loans (money you pay back) for both

parents and students• Work study (find a work study job on

campus)• EFC used for scholarships consideration

(free money)

• Degree seeking• Plan to be in at least 6 credits• Be a U.S. citizen or an eligible noncitizen• Have a valid Social Security number • Be registered with Selective Service, if you’re a male (18 to 25)• Maintain satisfactory academic progress (67%, 2.0, MTF)• Not in default on a federal student loan • Do not owe money on a federal student grant and more!

Federalstudentaid.ed.gov for eligibility informationFafsa.ed.gov to fill out a FAFSA

1. Fill out an online secure Free Application for Federal Student Aid (FAFSA) form (if eligible), EVERY YEAR (in October for maximum consideration) . 2. On FAFSA, report your prior-prior tax information. 3. Considered for federal, state, and institutional grants, loans, work study and scholarships.

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If you identify as undocumented and meet tuition equity requirements, fill out the online secure Oregon Student Aid Application (ORSAA) every year in October to be considered for state aid programs.

Financial Aid’s Cost of Attendance

An expected family contribution (EFC) is calculated and used to measure your financial need.

Financial Aid Office gets FAFSA and lets you know if more information is needed. Then: COA subtract EFC=Student’s Need. *Financial Aid cannot award aid beyond the COA

Financial Aid creates an award package & give students all they can based on need and availability of funds. Award letters are emailed starting in April. Awards are based on full-time enrollment for fall, winter, and spring.

4.45%

4.45%

7%

• Don’t borrow more than you need!

• Estimate to make sure loan repayment will be affordable after graduation(federalstudentaid.ed.gov).

• Develop and stick to a monthly budget.

• Work and save while attending school.

• View loans as a tool to get your education.

• Private loans, beware!

“Loan repayment estimator”

August 23, 201711

August 23, 201712

1. Early September: Tuition & fees are applied to the student’s OSU billing account (about 3 weeks before term)

2. Aid & outside scholarships are disbursed as a payment to the student billing account by the first day of the term to all eligible charges (starting about 1 week before term starts)

• Financial Aid assumes you are in at least 12 credits…• Do you have outstanding requirements?

3. If aid over pays, that is a refund that is issued in 3-ish business days either check or direct deposit.

4. If on October 5th the student has a bill, a notification is sent to ONID email with a Nov. 1st due date.

5. If student still has a balance after Nov. 1st, the bill will accrue interest at 1% per month, or 12% APR

6. If a student has an account balance greater than $2200, a hold will go on to the account (prevent registration) or if student carries same balance for more than 2 terms, a hold will go onto account.

See what aid has paid on to your account, what things are still unpaid, and use this as a budgeting tool for future terms!

Engage on campus, build your resume, and earn some money!

OSU scholarship opportunities :• Departmental• International specific

Outside of OSU Ideas• Oregon Residents: OSAC and Oregon Career Information

Systems• Vetted outside scholarships from our Scholarship Office• Prestigious and Outside Scholarship office• Undocumented scholarships: K'elwachi Scholarship

Foundation, My Undocumented Life , and My Undocumented Life

Other scholarship search ideas…

Local Community• Service groups• Businesses• Place of students / parents employment and labor unions• Professional organizations• Public library “scholarship” section• High School you graduated from or local high school of the community in which you reside

Search Online• Sign up for free scholarship matching services

• Fastweb.com, collegeboard.com, scholarships.com• Adjust your profile to be less or more restrictive based on results

• Search for scholarships for THINGS: books, computers, childcare• Don’t just limit your searches to focus on major and gender, brainstorm personal characteristics

• Hobbies, passions, outdoor enthusiast, video games, race, ethnicity, culture, bi-lingual, faith, left handed, differently abled, Veteran status, first generation, etc.

• Ask friends and family for ideas; others see you differently than you see yourself

• Spread out your time spent searching to avoid “burn out”

• Organize the process to maximize your time

• Keep track in Excel and save the file online so it is easily accessible from multiple locations

• Add due dates to your personal calendar. This can be for requesting letters of recommendation, completing your essays as well as final application submission

• Even if a deadline has passed, make note of it and apply in future years

• You have searched and organized; now apply!

• Remember applications take time

• Allow yourself time to submit a quality application

Scholarship searching can be very time consuming…

• Research past winners

• Do a google search to see if there is any “scam” information

• If it’s asking you for money to apply, don’t!

Is the scholarship legit? What are some things you can do to make sure it is legit?

How do I know if I am a good candidate? Is applying worth my time?

• Read minimum requirements; do you meet them?

• Research the merits of past recipients.

• Call the organization and ask questions.

• Use your resources!• OSU Writing Center• Career Development Center• Academic Success Center (coaching on how to stay organized/time management)• Academic Advisors or Counselors• Professors/Instructors, drop by during office hours

Any other tips?

What else?

• Ask family and friends to help you locate scholarships, jobs, opportunities, etc.

• Send thank you notes• Yes, even if you did not get the job or scholarship!• To anyone who provided assistance especially to those to wrote a letter

of recommendation for you

Goal: To create a financial plan that coincides with your academic plan here at OSU! You will do this by completing the Financial Plan worksheet. Read the step-by-step instructions and ask questions as needed!

Due:

Step 1: Determine Direct Costs: What is your OSU bill for a term?

Step 2: Determine Financial Resources : What money will pay towards the OSU bill?

Step 3: What is your balance?

Step 4: Continue to Budget for the Indirect costs of being a student!

Step 5: Do some math (see rows 4-6 below).

Step 6: Complete the “Expected” column and update the actual column as needed!

Step 7: Answer each one of the following questions

Kayleen Salchenberg Steeves, Ed.M.Transfer Student Services Manager

Oregon State University102 Kerr Administration Building

Corvallis, OR 97331-2120 e Kayleen.Salchenberg@oregonstate.edu

w transfer.oregonstate.edu