1. Academy of Arts and Academics 1 Victoria Moran Financial Aid Counselor University of Oregon

2. Highlights Cost of Attendance *Private University *Public University *Resident *Non Resident *Community College Defining Federal/State/Institutional Aid Budgeting for the college you attend 2

3. Cost of Attendance (COA) *Established by each college *Used in determining Financial Need *Includes: ◦ Tuition & Fees ◦ Food & Housing ◦ Books & Supplies ◦ Personal Expenses ◦ Travel (in some cases) 3

4. Cost of Attendance Columbia University/NYC Tuition & Fees$ 41,688 18 points per term Room and Board$ 18,252 Books & Supplies$ 2,000 Personal Expenses$ 3,626 Total COA $65,566 4

5. Cost of Attendance University of Oregon/Resident Tuition & Fees$ 9,873 Estimated 15 credits Room and Board$ 10,722 Standard Double Room, Standard Meal Plan Books & Supplies$ 1,050 Cost varies depending on major Personal Expenses$ 2, 430 Cost varies depending on personal spending habits Total COA $24,075 5

6. Cost of Attendance University of Washington/Non Resident Tuition & Fees$31,971 Room and Board$10,752 Books & Supplies$1,206 Personal Expenses$2,265 Transportation$ 414 Total COA $46,608 6

7. Cost of Attendance Lane Community College/Standard Budget Tuition & Fees$3,279 Room and Board$7,335 Books & Supplies$1,230 Personal Expenses$ 1,620 Transportation$ 1,035 Loan Fee$ 100 Total COA $14,599 7

8. Cost of Attendance L ane Community College/ Living with Parents Tuition & Fees$3,279 Food & Housing$2,934 Books & Supplies$1,230 Personal Expenses$1,080 Transportation$ 1,035 Loan Fee$ 100 Total COA $9,658 8

9. Compare Cost of Attendance *Private University vs. Public In state University: $65,566 - $24,075=$41,491 *In State (Resident) vs. Out of State (Non Resident): $46,608 - $24,075 = $22,533 *In state Public University vs. Community College $24,075 – 14,599 = $9,476 Compare attending a Community College/Living with Parents Cost of attendance with the other colleges. 9

10. Net Price Calculators *All institutions that offer federal funding must have a Net Price Calculator *Gives a realistic view of out of pocket costs *Helps in comparing actual costs between colleges 10

11. What is Financial Aid? *Financial aid consists of funds provided to students and families to help pay for postsecondary educational expenses Need based aid Grants Work-Study Subsidized Direct Student Loans Non-need based aid Unsubsidized Direct Student Loans Direct Parent PLUS Loan 11

12. How do I apply for Financial Aid? In order to receive Federal Aid you must complete a Free Application for Federal Student Aid (FAFSA): https://fafsa.ed.gov/ This is the only way you can get Federal Aid! How much does it cost to complete the FAFSA??? 12

13. Grants * Do not repay (FREE MONEY!) *Usually awarded on the basis of financial need *Awarded by Federal, State, Institutional Agencies 13

14. Work-Study *Allows student to earn money to help pay additional education costs *Students can work up to 20 hours per week *Does not guarantee a job 14

15. Loans Funds students and parents BORROW to help pay college expenses *Subsidized, Unsubsidized, Perkin’s Loan, Parent PLUS Loan *Repayment usually begins after education is finished *Only borrow what is really needed *These monies must be repaid! 15

16. Scholarships *Money that does not have to be paid back. For every dollar you receive in Scholarship funds, that is one less dollar you have to borrow! *Awarded on the basis of merit, skill or unique characteristic *Look for scholarships at your high school, your workplace, your parents’ workplace, your church, clubs you belong to, or local businesses 16

17. Scholarship Timeline *Late October, November, December Search for Scholarships OSAC, Fastweb, Schoolsoup, talk to your High School Career Counselor! *January Submit FAFSA (and CSS Profile, if applicable) *Mid-March – Mid-April Receive Financial Aid offer and Admission offer 17

18. Remember! Complete the FAFSA EACH YEAR ! www.fafsa.gov For Oregon schools FAFSA info must be received before March 1 to be eligible for priority funding. Look for Scholarships! OSAC Fastweb SchoolSoup Finaid.org 18

19. Don’t be scammed! Do not pay to file the FAFSA! The FAFSA is a Free Application at fafsa.gov not fafsa.com! If you are contacted by a scholarship program or agency that you are not sure about, feel free to contact the financial aid office to ask about their legitimacy and/or credibility. 19

20. Create your own budget! You and your parents have decided that you should attend Columbia University. The federal aid you received from submitting the FAFSA: $5,645 Pell Grant $3,500 Subsidized Loan $2,000 Unsubsidized Loan $1,000Perkin’s Loan $1,500 Work Study Institutional Funds: $18,000 Columbia University Scholarship Private Scholarship: $1,500 Elks Lodge Scholarship (Springfield Lodge) To be fully funded, even after you accept your loans, how much will you still need? 20

21. Create your own budget! You and your parents have decided that you should attend the University of Oregon. The federal aid you received from submitting the FAFSA: $5,645 Pell Grant $3,500 Subsidized Loan $2,000 Unsubsidized Loan $1,000Perkin’s Loan $1,500 Work Study State aid: $2,000 Oregon Opportunity Grant Institutional Funds: $3,00 Apex Scholarship (Renewable for four years) Private Scholarship: $1,500 Elks Lodge Scholarship (Springfield Lodge) To be fully funded, even after you accept your loans, how much will you still need? 21

22. Questions? 22

23. Contact Information Office of Student Financial Aid & Scholarships 2 nd floor, Oregon Hall Phone: 541-346-3221 E-mail: financialaid@uoregon.edu Web address: http://financialaid.uoregon.edu 23