1. DOLLAR$ AND $EN$E IN COLLEGE FINANCIAL LITERACY COLLEGE 101

2. AN OVERVIEW What does Financial Literacy Mean? Why Financial Literacy in College 101? What about Financial Literacy Resources at Clark?Financial Literacy Resources at Clark The focus of our Financial Literacy discussion in COLL 101: Paying for College Budgeting $ALT Money

3. WHAT IS $ALT? First, why is it called SALT? $ALTmoney$ALTmoney is: A free resource for Clark College students A site that includes: videos, tutorials, advice, articles, money management tools, student loan resources, and more… Where you will find the Financial Literacy Activity for COLL 101 (Completing the “Budgeting: Find More Money” Course)

4. A LOOK AT BUDGETING BASICS Identify your income and your expenses. Think about “wants” and “needs.” http://www.themintgrad.org/learn/budgeting-basics/budget-real-talk/ What will your salary look like each month? http://www.themint.org/kids/determining-your-budget.html http://www.themint.org/kids/determining-your-budget.html Make a budget, and learn to love it. http://bcove.me/ombnjc3l Give consideration to your financial future. http://www.themintgrad.org

5. SOURCES OF FINANCIAL AID Federal GovernmentState Government InstitutionPrivate Apply @ FAFSA.GOVApply @ WASFA WEB SITE Apply @ CLARK.EDU See our Scholarship Page AND Specialist, Lizette. Extremely Varied!! Clark College Scholarship Page CollegeFish.org SaltMoney.org TheWashBoard.org Where to Apply

6. TYPES OF FINANCIAL AID GrantsLoans ScholarshipsWork Study Federal Pell Grant Washington State Need Grant College Bound Clark College Grant Clark College Tuition Waiver Federal Work-Study State Work-Study Work First Institutional Hire Clark College Foundation Community Foundation of SW WA Vancouver Trinity (church) K-Mart SW Washington Medical Legacy Hospital Direct Subsidized Loans Direct Un-Subsidized Loans PLUS Loans Private Loans

7. FAFSA: FREE APPLICATION FOR FEDERAL STUDENT AID Don’t Delay: Complete your FAFSA as early as possible each year (after January 1) The earlier you apply, the more opportunities available; some sources are first come, first served January application is for funding beginning Summer  the following Spring. Completing the FAFSA is worth your time to learn about potential grants and it may be necessary for potential scholarship applications. If you are under 24, without dependents, you may need information from your parents to complete the FAFSA www.fafsa.govwww.fafsa.gov  Be sure to go to this site!

8. OTHER CONSIDERATIONS Worker Retraining Programs & Scholarships Stop by Workforce Education Services(GHL 128) (IF) You can’t find any scholarships online Assist with career retraining and additional benefits Receiving TANF, SNAP, Unemployment you may qualify Military or VA Services Stop by Veterans Services Office (GHL 216) Assist with questions about using benefits Question: Why “stop into” the Financial Aid Office ?

9. WHY “STOP INTO” FINANCIAL AID? Contact the Financial Aid Office if.. You’ve had a change in income from the previous year You might need to drop a class You’re not sure how to complete your FAFSA You need to know How much you’ve borrowed in Loans Subsidized and/or Un-Subsidized Loans? How much you’ll owe with interest Repayment Options Contact us by email: General questions: finaid@clark.edufinaid@clark.edu Loan questions: finaidloans@clark.edufinaidloans@clark.edu Work-Study questions: wsjobs@clark.eduwsjobs@clark.edu

10. BORROW SMART! Calculate your loan debt BEFORE you borrow Make a budget-Live the budget Borrow Federal, Direct Loans (not private) because ___________. Group Discussion: What might be some realistic strategies for paying off your student loan faster?

11. KEEP YOUR FUNDING! Your performance in the classroom affects your financial aid. State and Federal Aid requirements are NOT ALWAYS the same as Private or Clark College requirements Group Discussion What are some current requirements you have to keep your funding for next quarter?

13. THE COST OF ATTENDANCE AT CLARK Cost of Attendance (COA) is the total amount (not including grants and scholarships) that it has been determined to cost to go to school from September – June. COA is determined by the college and may be different than YOUR actual costs. For students attending less than half-time, the COA includes tuition and fees; an allowance for books, supplies, and transportation; and dependent care expenses. What is included in the Cost of Attendance?

14. ADDITIONAL RESOURCES: Washington Student Achievement Council http://www.wsac.wa.gov http://www.wsac.wa.gov Federal Student Aid (US Department of Education) http://studentaid.ed.gov/ http://studentaid.ed.gov/ Financial Literacy & Education Commission http://www.mymoney.gov/ http://www.mymoney.gov/ Students and Debt http://www.debt.org/students/ http://www.debt.org/students/ Stay Up-to-date! Like Clark’s Financial Aid Page on Facebook! www.Facebook.com/clarkfinaid/