Going to College No matter who you are, you CAN go to college Types of colleges and their costs vary greatly 2
Paying for College College is an investment in your future Many forms of financial aid are available to help you pay for your education 3
What’s Financial Aid? Financial aid is money to help you pay educational costs, such as: Tuition Fees Books Room and board Transportation Personal expenses 4
How Do I Apply? 5 FAFSA Free Application for Federal Student Aid The FAFSA is your first step Used to apply for most types of federal and state aid
Types of Awards Loans – Variety of types with different interest rates and repayment plans. Loans must be repaid. Interest rates are typically much lower than private loans. Grants – Money given by the government that does not have to be repaid. Work Study – A student will get a job and be paid at a higher rate to get the money awarded. It does not have to be repaid.
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Find the FAFSA Online – Visit FAFSA.gov Print a copy – Go to FAFSA.gov; click FAFSA Filing Options to print a paper FAFSA Request a paper copy – Call FED.AID or (TTY) to request copies in English or Spanish 8
FAFSA.gov 9
Why Online? Quicker processing time 3-5 days vs. 4-6 weeks for paper FAFSA Help and Hints boxes provided with every question Built-in error catcher means fewer delays Save your application and return to it later 10
Why Online? Yearly online renewal Some fields can be pre-populated with previous FAFSA information Saves time and helps you meet deadlines 11
Why Online? Skip logic bypasses unnecessary questions based on answers you’ve already provided Electronically sign the FAFSA using your Personal Identification Number (PIN) 12
What’s a PIN? Request a Personal Identification Number (PIN) at PIN.ed.gov Student and one parent must each have a PIN Use the same PIN when you: Renew your FAFSA Sign an online loan application Check your loan status on the National Student Loan Data System (NSLDS.ed.gov) 13
FAFSA on the Web Worksheet Go to FAFSA.gov to print a FAFSA on the Web (FOTW) Worksheet Helps you gather information before completing the FAFSA The worksheet is optional 14
FAFSA on the Web Worksheet 15 Type in FAFSA on the Web Worksheet and Search Click here for FAFSA4caster
Requested Information Social Security Number Student and spouse or parent Student’s driver’s license information Income and W-2 figures Household size 16
Requested Information Student and parents’ addresses Alien registration or permanent resident card number, if you’re not a citizen Up to 10 college names and/or school codes of your choice 17
Don’t Miss Deadlines FAFSA – Check with your school’s Financial Aid office for priority deadlines State Aid – State deadlines can be found at FAFSA.gov, or ask your school’s Financial Aid office Scholarships – Review scholarship applications for important deadlines; keep copies of everything 18
State Deadlines 19 Oklahoma Tuition Aid Grant (OTAG) deadline Search by state name
UCanGo2.org/FAFSA 20
Facebook.com/UCanGo2 21
Additional Resources studentaid.ed.gov studentaid.ed.gov/collprep studentaid.ed.gov/needmoney studentaid.ed.gov/guide studentaid.ed.gov/pubs studentaid.ed.gov/scholarship FED.AID ( ) 22
What you need to do NOW! Go to PIN.ED.GOV and request a PIN TODAY!! Go to PIN.ED.GOV and request a PIN TODAY!! Star gathering information for the FAFSA Star gathering information for the FAFSA Complete your application between January 1-31, 2013 Complete your application between January 1-31,
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