Presentation is loading. Please wait.

Presentation is loading. Please wait.

Presented by Carrie A. Gilchrist, Ph.D. Oakland University Financial Aid Eligibility.

Similar presentations


Presentation on theme: "Presented by Carrie A. Gilchrist, Ph.D. Oakland University Financial Aid Eligibility."— Presentation transcript:

1 presented by Carrie A. Gilchrist, Ph.D. Oakland University Financial Aid Eligibility

2 What are the 4 types of financial aid? What are the 4 sources of financial aid? Who is eligible for aid? For what types of aid are you eligible and from what sources?

3 Financial Aid Eligibility Financial aid is money provided by a resource other than yourself or your parents, used to pay for college expenses. There are four types of financial aid: Scholarships Grants Student employment Student loans

4 Financial Aid Eligibility Financial aid is money provided by a resource other than yourself or your parents, used to pay for college expenses. There are four resources for financial aid: Federal government State of Michigan College or University you attend Private resources like foundations, companies, or generous people!

5 Financial Aid Eligibility Who is eligible to apply for aid? EVERYONE!

6 Financial Aid Eligibility With a little effort on your part, you'll discover you have many options. You can get financial aid for college because you... Are financially qualified to receive it Earn good grades, take hard courses, have special talents or show exceptional promise Are the first in your family to attend college Have talent in sports Plan to major in specific subjects Serve/served in the military, are a veteran, or have a parent that serves/served in the military Are unemployed Agree to work in certain high-need locations or professions after graduation Have a special need or a disability Are a resident of your state..and many other reasons!

7 Financial Aid Eligibility Who is eligible to fill out a FAFSA? U.S. Citizens Eligible Non-Citizen Permanent Resident card Conditional Permanent Resident card Holder of an Arrival-Departure Record from the Department of Homeland Security with one of the following designations: Refugee, Asylum Granted, Parolee. T-Visa holder or Cuban-Haitian Entrant Holder of a valid certification or eligibility letter from the Department of Health and Human Services showing a designation of “Victim of human trafficking” If you have a social security number but are not a citizen or an eligible non-citizen, you should still complete the FAFSA because you may be eligible for state or college/university aid.

8 Financial Aid Eligibility Federal Government How do you apply: Free Application for Federal Student Aid (FAFSA) Where do you get an application: www.fafsa.gov Qualify for: Grants: Pell, SEOG, TEACH Student Employment: Federal Work Study Loans: Subsidized and Unsubsidized How to qualify: Grants: Pell, SEOG, TEACH Student Employment: Federal Work Study Loans: Subsidized and Unsubsidized

9 Financial Aid Eligibility State of Michigan How do you apply: Free Application for Federal Student Aid (FAFSA) and separate applications Where do you get an application: www.fafsa.gov and www.michigan.gov/mistudentaid Qualify for: Grants/Scholarship: Michigan Competitive Scholarship Michigan Tuition Grant (MTG) Tuition Incentive Program (TIP) Children of Veterans Tuition Grant (CVTG) Police Officer’s and Firefighter’s Survivor Tuition Grant (STG) GEAR UP Michigan! Scholarship GEAR UP College Day Scholarship Dual Enrollment

10 Financial Aid Eligibility How to qualify: Grants/Scholarship: Michigan Competitive Scholarship o Based on ACT Score (scaled score of at least 90 or composite score of at least 23) and financial need per the Free Application for Federal Student Aid (FAFSA). o Cannot receive MTG at the same time (public school only) Michigan Tuition Grant (MTG) o Based on financial need only. o Available at independent non-profit institutions only. o Cannot receive MCS at the same time (public school only) Tuition Incentive Program (TIP) – Separate application required o Eligible students must have or have had Medicaid coverage for 24 months within a 36 consecutive month period. o Must submit application prior to high school graduation or GED and before age 20. o Student must enroll within four years of high school graduation or eligibility is forfeited. o Incarcerated students are not eligible to participate in TIP.

11 Financial Aid Eligibility How to qualify: Grants/Scholarship: Children of Veterans Tuition Grant (CVTG) – Separate application required o Natural or adopted child (no grandchildren or stepchildren) of a veteran who is permanently and totally disabled or deceased due to service connected causes or is listed as missing in action in a foreign country. Police Officer’s and Firefighter’s Survivor Tuition Grant (STG) o Provides a grant for tuition for a child or a spouse of a deceased officer or firefighter who died as a result of work related traumatic injury. o Based on financial need GEAR UP Michigan! Scholarship GEAR UP College Day Scholarship Dual Enrollment

12 Financial Aid Eligibility How to qualify: Grants/Scholarship: GEAR UP Michigan! Scholarship oMust be nominated – If your high school has a GEAR UP! program, contact MI Student Scholarships and Grants (www.michigan.gov/ssg) GEAR UP College Day Scholarship oMust be nominated – If your high school has a GEAR UP! program, contact MI Student Scholarships and Grants (ww.michigan.gov/ssg)

13 Financial Aid Eligibility College or University How do you apply: Free Application for Federal Student Aid (FAFSA) and separate applications Where do you get an application: www.fafsa.gov and college or university website Qualify for: Grants: Based on need – complete the FAFSA May have an academic component as well – GPA and/or ACT Scholarship: Merit based – GPA and/or ACT May require a separate application How to qualify: Grants: Achieve high GPA and ACT scores Scholarship: Take a rigorous academic program in high school Take AP classes and/or AP tests Achieve a high GPA throughout high school Take the ACT multiple times

14 Financial Aid Eligibility Private Sources: Foundations, Companies, and Individuals How do you apply: individual applications – lots! Where do you get an application: clearinghouse websites, high school guidance office, foundation and company websites Qualify for: Scholarship: a variety! How to qualify: Scholarship: Requirements vary: creativity, academic achievements, volunteering, essays, etc.

15 Financial Aid Eligibility


Download ppt "Presented by Carrie A. Gilchrist, Ph.D. Oakland University Financial Aid Eligibility."

Similar presentations


Ads by Google