3 College Opportunity Fund Pays a portion of total in-state tuition per credit hourColorado public institutions (2-year and 4-year)Participating private institutions (Regis, DU and Colorado Christian University)$68 per credit hour in school year ($1,632/year for a full time student)145 credit hour maximumMust apply for stipendMust be admitted to participating institutionAvailable for undergraduates onlyPaid directly to the schoolApply online at:
7 Institutional grants 21% Pell Grants 14% Federal loans 41%Institutional grants 21%Pell Grants 14%Private and employer grants 7%State grants 7%Education tax credits and deductions 6%Federal grants not Pell Grants 3%Federal work-study 1%Total: $106.7-billionNOTE: Numbers are for undergraduates.SOURCE: College Board, "Trends in Student Aid 2008"http://chronicle.com/weekly/v55/i11/tuition_table.htm
10 Free Application for Federal Student Aid (FAFSA) Available every January 1– apply early!Some Financial Aid is awarded on a first come first serve basisThe earlier a student applies, the more financial aid they may receiveMust file every yearWill receive a Student Aid Report (SAR) via and snail mailName one type of financial aid.
11 How to Submit the FAFSA Online application is fastest Processed in 72 hoursStudent and one parent need to get Personal Identification Numbers to sign application electronicallyParent and Student Information required:Social security numbers, drivers license numbersRecords of money earned last year, tax returns and bank statements, etc.Complete FAFSA online atFEDAID paper applicationsBEWARE of any service that requires you to pay a fee to submit your FREE applicationPage 9-10 of “You’re Going Places” walks thorough this process and has a checklist for items to get together for the FAFSA
12 Page 9-10 of “You’re Going Places” walks thorough this process and has a checklist for items to get together for the FAFSA
14 Financial Aid – The Four Types GrantsAwarded to the student based on needDoes not need to be paid backScholarshipsCheck out our CollegeInvest Scholarship ProgramWork-studyTypically based on needStudent LoansFederal LoansPaid back at federally backed low interest rates with helpful termsThere are federal loans for students (Stafford loans) and parents (PLUS loans)Private LoansUse federal first and be sure to research the rates and terms carefully if you need a private loan to fill the gap.
15 When is College Goal Sunday? PELL GrantEligibility determined from FAFSAmaximum amount $4731Pro-rated if student is less than full timeNeed based grantEFC must be under $4041When is College Goal Sunday?
16 Academic Competitiveness Grant Eligible for Pell GrantFour or two year degree programFull time student$ first year of undergraduate studySuccessfully completed a rigorous high school program (Higher Education Admission Requirements)$1, second year of studySecond year of undergraduate study have a cumulative grade point average of 3.0No specific major required
17 The SMART Grant (National Science & Mathematics Access to Retain Talent) Available during the third and fourth years of undergraduate studyEligible for Pell GrantEnrolled in a four-year degree granting institutionFull time studentUp to $4, per yearA cumulative 3.0 grade point average
18 The SMART Grant (National Science & Mathematics Access to Retain Talent) Must major in:Physical life, environmental, nutrition, or computer scienceEngineeringMathematicsTechnologyCritical Foreign LanguageFood Science, Technology, and ProcessingFishing and Fisheries Science ManagementForest Sciences and BiologyWood Science and Wood Products/Pulp and Paper TechnologyWildlife and Wildlands Science and ManagementBiopsychologyPhysiological, Pyschology/Psychbiology
19 TEACH Grant Up to $4000 in grant money per year for teaching students Undergraduates can qualify for up to four years, graduates for up to two yearsMust score above the 75th percentile on a college admissions test OR maintain a cumulative GPA of at least 3.25Must be a student who intend to teach full-time in high-need subject areas for at least four years at schools that serve students from low-income familiesIf the student does not meet the teaching requirements, the grant must be paid back as an unsubsidized loanColorado State University-PuebloMetropolitan State College of DenverUniversity of Colorado DenverUniversity of Northern ColoradoJones International UniversityColorado Christian UniversityRegis University
20 Work Study Part-time hours Campus & Community offices/agencies Minimum wage & higherEarnings paid directly to studentsOften based on financial needMaximum earnings limit
21 Perkins Loans 5% interest rate 9 month grace period Repaid to School AttendedMust Complete FAFSANeed BasedMust sign Promissory Note with InstitutionUndergraduate annual limits $5,500, graduate annual amounts $8,000Schools have small loan pool. May need to apply by school’s priority deadline to be considered
22 Federal Stafford Loans Payment begins 6 months after graduating or decreasing enrollments to less than half timeNo credit check required
23 Subsidized & Unsubsidized Subsidized Stafford:Must Demonstrate “need”Fixed interest rate of 6.8% as of July 1st, 2008 (for undergraduates, 6.8% for graduate students)No interest accrual during in-school periodUnsubsidized Stafford:Not based on needFixed interest rate of 6.8% as of July 1st, 2008Interest accrues while in school
24 Federal Stafford Loans Grade LevelBase Amounts*Additional UnsubsidizedTotal AmountFreshman$3,500$2,000$5,500Sophomore$4,500$6,500Junior & Senior$7,500Preparatory coursework for enrollment in an undergraduate program$2,625Preparatory coursework for enrollment in an graduate programTeacher Certification courseworkAggregates$23,000$8,000$31,000Source: CollegeAssist, 2008
26 What is a Scholarship?Financial Aid that is awarded to you based on your individual characteristics.Each Scholarship will have their own set of criteria, deadlines and application processIt is up to you to find Scholarships and submit applicationsScholarships do not have to be paid back
27 Components of a Scholarship Application An EssayLetter of Recommendation or Nomination LetterResumeOfficial TranscriptsAny additional information the scholarship committee requestsRemember that every scholarshiphas different requirements, components and deadlines!
28 Before You Get Started… Create a professional accountBegin checking your regularlyGet to know your SS #Update your voic
29 Scholarship Portfolio Copy of scholarship checklistCopy of all applications you have gatheredTimeline for your scholarship searchA great general scholarship essayCopies of your recommendation and/or nomination lettersRecent tax return(s) for you and your parentsYour resumeAcademic transcriptsFinancial aid award noticesStudent Aid Report (Documentation of the FAFSA application)Your Personal Profile
30 Important Information To Include On Your Resume Create A ResumeImportant Information To Include On Your ResumeName, phone number, addressEmployment history with dates and accomplishmentsHonors, awards, or recognitions you have receivedVolunteer, leadership, and extracurricular activitiesSpecialized skills or abilitiesInterests and hobbiesTalk to friends, mentors, employers andparents to also edit and make correctionson the resume
33 If you are unsure as to what to include in your Resume this website will help you along the way All you need to do if fill in the information that applies to you.
34 Aside from Personal Information you will also be asked to add any Work Experience, Honors, Awards or any other Activities that you are involved in…Simple as that!!
35 You can save the document as well as print copies Here it is!! Your Resume!!You can save the document as well as print copies
36 Letter of Recommendation and/or Nomination Letter Letter of Recommendation: A letter written by someone who admires you and can testify to your scholarship worthiness.Nomination Form: A document completed by someone who has the power and authority to recommend you for a scholarship. This may or may not accompany letters of recommendation.TeachersEmployersPeople whom you have volunteered forFormalInformalMember/leader in club/organization you are involved inInstructors for activities outside of school
37 The Scholarship Search Inquire about scholarships through:High SchoolCollege(s) student is interested in attendingLocal businessesReligious organizationsPlaces of employmentInternetCollegeInvestGet a free copy of our scholarship workbook
44 Other ScholarshipsAmerican Association of Candy Technologists ScholarshipPatrick Kerr Skateboard ScholarshipVegetarian Resource Group ScholarshipBall State University's David Letterman ScholarshipTall Clubs International Scholarship
45 The CollegeInvest Opportunity Scholarship Thirty-Eight (38) randomly drawn $1,000 scholarships will be awarded to Colorado students who:Attend a Colorado two or four-year college, or vocational college, or universityWill be full time, undergraduate students in the school yearComplete the Free Application For Federal Student Aid and have an EFC of $15,000 or less (FAFSA does not have to be completed prior to registering)NO GPA or Essay requirementsApply online at
46 The CollegeInvest Service Scholarship Twenty seven (27) randomly drawn $6,000 scholarships (award amount will be divided over a two-year period, $3,000 each year) will be awarded to Colorado students whoAttend a Colorado two or four-year college, or vocational college, or universityWill be full time, undergraduate students in the school yearComplete the Free Application For Federal Student Aid and have an EFC of $15,000 or less (FAFSA does not have to be completed prior to registering)Commit to 40 hours each year, for two years, in a service-to-children volunteer programNO GPA or Essay requirementsApply online at Deadline: April 1st
49 Frequently Asked Questions My parents are divorced. Whose information do I put on the FAFSA?I have a stepparent. Do I need to include his/her information?I am making less money in the current year than the last year. How can I reflect this?How can I be considered independent even if I have answered ‘no’ to all the required questions?My grandmother lives with us, can she be included in our household size?My parents do not have a social security number, can I file a FAFSA?
51 Time Line - Senior Year Fall Apply for colleges Apply for scholarships Early springComplete and submit the FAFSA onlineThe government processes the form and determines your EFCReceive and review the Student Aid Report (SAR)The information goes to collegesLate springThe colleges create an “Award Letter”Compare offers; make decisions*Must be accepted to a college to receive an award letter
52 Helpful Tools FAFSA 4Caster College In Colorado CollegeInvest See what your EFC might look likeCollege In Colorado“Pay” tab then “Available Tools”Financial Aid Award EstimatorSlope CalculatorCollegeInvestFor information on student loans and college savings