Planning & Paying for College

Presented by Lisa WilsonOutreach Services

Coordinator

PREPARING FOR

COLLEGEJunior Year

•Take high school core classes•Register & take the ACT, SAT or other admission exams• Make sure A+ requirements are met• Explore career options•Research college options

PREPARING FOR

COLLEGESenior Year

•Register, take or retake the ACT, SAT or other admission exams•Narrow down your college choices•Watch for deadlines

• Missouri State Aid deadline is April 1, 2014

•Make campus visits

PAYING FOR COLLEGE

Sources of Financial Aid

• Federal Aid– Distributed nationally

• State Aid– Available to Missouri residents attending a

Missouri institution

• Institutional Aid– Provided by your institution to its students

• Private Aid– Funded by corporations, community

organizations, and individuals

Federal Student Aid

Missouri State Aid • A+ Scholarship Program• Access Missouri Financial Assistance Program• Advanced Placement Incentive Grant• “Bright Flight” Scholarship• Kids’ Chance Scholarship• Marguerite Ross Barnett Memorial Scholarship• Minority and Underrepresented Environmental Literacy

Program• Minority Teaching Scholarship• Public Safety Officer or Employee’s Child Survivor Grant• Vietnam Veteran Survivor Grant• Wartime Veteran’s Survivor Grant

Scholarship Resources

• MDHE’s Monthly Student Reminder – Sign up at http://www.dhe.mo.gov/ppc/reminders2.php

• Resources for Missouri Residents – Dept. of Economic Development www.ded.mo.gov – Dept. of Elementary & Secondary Education www.dese.mo.gov – Dept. of Health & Senior Services www.dhss.mo.gov – Dept. of Social Services www.dss.mo.gov – Midwest Student Exchange Program www.mhec.org – MOST-Missouri’s 529 College Savings Plan www.missourimost.org

• Scholarships for Military Families – U.S. Dept. of Veterans Affairs www.va.gov – www.military.com

Institutional & Private Scholarships

Institutional• Awarded by an

institution

• Institution determines eligibility requirements

• Check the school’s Website for more information

Private• Awarded by individuals

or entities – Businesses– Churches – Civic Groups– Community organizations– Clubs

• Organization determines eligibility criteria and application procedures

Completing the Free Application for Federal Student Aid (FAFSA)

Free Application For Federal Student Aid

(FAFSA) www.fafsa4caster.ed.gov www.fafsa.gov

Step 1

2014-15 Academic Year

• Federal Deadline– June 30, 2015

• Missouri State Deadline– April 1, 2014

• Institutional Deadline– Check with your

institution’s financial aid office or website

Check Deadline

s

Step 2

2014-15 Academic Year• Your Social Security number• Your driver’s license• Your alien registration or permanent

resident card (if you are not a U.S. citizen)

• Your 2013 W-2 forms and other records of money earned

• Your 2013 Federal Income Tax Return (include spouse’s information , if you are married)

• Your parents’ 2013 Federal Income Tax Return (if you are a dependent student)

• Your 2013 untaxed income records• Your current bank statements• Your current business and investment

records

Gather Informatio

n

Using Estimated Taxes

IRS Data Retrieval• Available for those

who have filed their tax return

• Transfer tax information to FAFSA

• If not used, you are required to order a tax transcript from www.irs.gov

2013

Step 3

Obtain a PDF

FAFSA

Step 4

Complete the

FAFSA

www.fafsa.gov

Federal Student Aid PIN • A four-digit

electronic identifier

• Who needs a PIN? – Current & future

college students – Parents (for dependent

students)

• www.pin.ed.gov

Signing & Submitting the FAFSA

FAFSA Confirmation Page

Step 5Student Aid Report (SAR)• A report provided to students after completing the FAFSA. • The SAR contains your EFC and results of federal financial aid database matches.

Step 6

Additional information

may be required• Financial records• Educational benefits• Adoption, foster care or ward of

the court documentation• Emancipated minor or legal

guardianship documentation• Homeless or at risk of being

homeless documentation• Dislocated worker documentation

Supply Informatio

n

Step 7

Evaluate Your Aid

Questions P.O. Box 1469

Jefferson City, MO 65102-1469Info. Center: 800-473-6757

Phone: 573-751-3940Fax: 573-751-6635www.dhe.mo.govinfo@dhe.mo.gov

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