1. Financial Aid All 12 th grade students are encouraged to complete the fafsa! All 12 th grade students are encouraged to complete the fafsa! The application is completed on-line at www.fafsa.ed.gov The application is completed on-line at www.fafsa.ed.gov www.fafsa.ed.gov The fafsa can be completed starting January 1 st. The fafsa can be completed starting January 1 st.

2. Financial Aid Applications FAFSA: Free Application for Federal Student Aid FAFSA: Free Application for Federal Student Aid Cal Grant Verification Form Cal Grant Verification Form CSS Profile CSS Profile

3. FAFSA www.fafsa.ed.gov www.fafsa.ed.gov www.fafsa.ed.gov www.pin.ed.gov www.pin.ed.gov www.pin.ed.gov January 1-March 15, 2014 January 1-March 15, 2014 Download PDF version: Download PDF version: www.FederalStudentAid.ed.gov

4. Cal Grant Verification School Calculates GPA: www.csac.ca.gov School Calculates GPA: www.csac.ca.gov www.csac.ca.gov Electronically/paper LAUSD submits all students’ GPAs to EdFund automatically in February of a student’s 12 th grade year. LAUSD submits all students’ GPAs to EdFund automatically in February of a student’s 12 th grade year.

5. CSS Profile The PROFILE form is administered by the College Scholarship Service (CSS), the financial aid division of the College Board. The CSS PROFILE is required by many private colleges and universities to determine your eligibility for non-government financial aid, such as the institution's own grants, loans and scholarships. The PROFILE form is administered by the College Scholarship Service (CSS), the financial aid division of the College Board. The CSS PROFILE is required by many private colleges and universities to determine your eligibility for non-government financial aid, such as the institution's own grants, loans and scholarships. More specialized and detailed financial aid forms More specialized and detailed financial aid forms

6. Submission dates: The CSS PROFILE can be submitted in the fall; FAFSA cannot be submitted before January 1. Submission dates: The CSS PROFILE can be submitted in the fall; FAFSA cannot be submitted before January 1. Specific questions: The CSS PROFILE contains questions specific to the school or program you're applying to; FAFSA contains the same questions for everyone. Specific questions: The CSS PROFILE contains questions specific to the school or program you're applying to; FAFSA contains the same questions for everyone. Different methodology: The CSS PROFILE determines your financial need differently than the FAFSA, taking into account such factors as whether your family owns a home. In general, the CSS PROFILE asks for more detailed information than FAFSA. Different methodology: The CSS PROFILE determines your financial need differently than the FAFSA, taking into account such factors as whether your family owns a home. In general, the CSS PROFILE asks for more detailed information than FAFSA. CSS vs. FAFSA

7. You can complete the CSS PROFILE online profileonline.collegeboard.com. profileonline.collegeboard.com Minimum student contribution: The CSS PROFILE requires this; the FAFSA doesn't. Minimum student contribution: The CSS PROFILE requires this; the FAFSA doesn't. Greater reliance on professional judgment: The CSS PROFILE gives financial aid counselors greater freedom to grant aid based on a student's particular circumstances. Greater reliance on professional judgment: The CSS PROFILE gives financial aid counselors greater freedom to grant aid based on a student's particular circumstances. Cost: CSS PROFILE costs $5 plus $18 for each school or scholarship program selected; the FAFSA, as the name implies, is free. Cost: CSS PROFILE costs $5 plus $18 for each school or scholarship program selected; the FAFSA, as the name implies, is free.

8. Cost of Higher Education Cost of school = Cost of school = TuitionBooksFood HousingExpenses Need = Cost Need = Cost - EFC - EFC --------------- ---------------Need

9. Grants Free Money from the Government Free Money from the Government Need-Based Need-Based State and Federal Grants available State and Federal Grants available Between $500-9,700 Between $500-9,700 Higher the GPA, Lower the family income = more grants Higher the GPA, Lower the family income = more grants

10. Federal Work Study Jobs/work on campus that are included into financial aid Jobs/work on campus that are included into financial aid Usually paid more than minimum wage Usually paid more than minimum wage Schedule work around students’ class schedule Schedule work around students’ class schedule

11. Loans Money you pay back Money you pay back Several Types: Several Types: -Subsidized Stafford Loan -Unsubsidized Stafford Loan -Unsubsidized Stafford Loan -Perkins Loan -Perkins Loan -Parent PLUS Loan -Parent PLUS Loan