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FINANCIAL AID & RECAP ON SCHOLARSHIPS. Why is this important? According to a Huffpost Poll, 62% of Americans cannot afford a public university education.

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Presentation on theme: "FINANCIAL AID & RECAP ON SCHOLARSHIPS. Why is this important? According to a Huffpost Poll, 62% of Americans cannot afford a public university education."— Presentation transcript:

1 FINANCIAL AID & RECAP ON SCHOLARSHIPS

2 Why is this important? According to a Huffpost Poll, 62% of Americans cannot afford a public university education There are many students who cannot attend the dream colleges they have gotten into, merely for financial reasons Dropping out Loans after school

3 Different Sources of Tuition Money Government Money FAFSA Student Loans* Work-Study Private Scholarships New Haven Promise Direct School Money The CSS Profile More Student Loans

4 From the Government 3 kinds: Grants Loans Work-Study Must fill out FAFSA to “apply” and determine eligibility You need your tax returns to verify information – ask your parents to file as early as possible

5 Private Scholarships “Free money” for college Unlike loans, they do not have to be repaid to the sponsor Some scholarships are awarded directly to the student; others to the college or university Different kinds of scholarship sources: Local groups and clubs Charitable foundations Businesses Schools Colleges Government organizations

6 Looking for Scholarships Start now! Deadlines are coming up this spring Resources to start with: School database and guidance counselor The school or university Online search engines Fastweb.com Moolahspot.com Scholarships.com Scholarshipmonkey.com Finaid.org Collegeboard.com https://bigfuture.collegeboard.org/scholarship-search

7 New Haven Promise If you’re from the city of New Haven, you may be eligible to receive a scholarship from New Haven Promise! This scholarship covers up to 75% of in-state tuition (class of 2013) Basic Requirements: B average Attendance Community service For more information: Talk to Guidance counselors, etc.

8 From the School Schools give you 3 sources of money: Government money comes first Merit-based scholarships (b/c you’re good at something) Need-based scholarships (b/c you have financial need) Need to fill out CSS Profile Jan/Feb is the time to do it Big point: schools with a big sticker price (Yale) often have the most money via endowments, so you might actually pay less money to go there.

9 Let’s Break it Down

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12 QUESTIONS?

13 Student Resources Section


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