Financial Aid: A Powerful Factor Sherry Pennington Director of Financial Aid

Most students can’t achieve their goal of a college degree without financial aid!

Topics We Will Cover Cottey Scholarships P.E.O. Scholarships Other Financial Aid Programs FAFSA Determining Financial Need Financial Aid Award Letters Contact Information

Academic Scholarships Automatically awarded based on high school GPA and ACT/SAT score. New Amounts for ! $10,000 Trustees’ Scholarship $7,500 President’s Scholarship $5,500 Founder’s Scholarship $4,000 Achievement Award

Transfer Scholarships Automatically awarded to qualified students who have attended another college before coming to Cottey. New Amounts for ! $10,000 Transfer 1 (college GPA ) $7,500 Transfer 2 (college GPA ) $5,500 Transfer 3 (college GPA )

Fine Art Scholarships Art Dance Music Theatre and Speech

Athletic Scholarships Basketball Softball Volleyball Cross Country/Track (new!) Tennis (new!)

P.E.O. Scholarships $884,000 in state/regional P.E.O. scholarships awarded to Cottey students in ! Very important piece of the financial aid package. Cottey could not replace all of this funding! Scholarship chairman should provide the award information to Cottey in March so we can send financial aid award letters to students! If there are any changes to scholarship amounts, please notify the financial aid office as soon as possible.

Amount of State/# of StudentsAmount of State/# of Students State/Region Region Schol.AwardedRegion Schol.Awarded Alabama$00 0 Arizona$30,0006$33,3328 Arkansas$18,2506$25,5006 California$110,06015$82,4409 Colorado$35,50010$32,87115 Connecticut$00$1,7501 Delaware$00 0 Denver Area Cottey Club$17,0004$22,0005 District of Columbia$4,0001$00 Florida$76,5008$46,6506 Georgia$6901$00 Hawaii$00$30,0003 Idaho$22,2254$16,0003 Illinois$32,4674$55,4808 Indiana$14,5103$9,3302 Iowa$70,0007$61,3106 Kansas$24,1607$16,0003 Kentucky$10,0002$5,0001 Louisiana$00$2,0001 Maryland$3,0001$9,0003 Massachusetts$00 0 Michigan$00$28,3614 Minnesota$24,5003$39,8593 Mississippi$1,0001$00

Amount of State/# of StudentsAmount of State/# of Students State/Region Region Schol.AwardedRegion Schol.Awarded Missouri$29,12011$37,00017 Montana$23,7204$23,5204 Nebraska$26,8143$28,6002 Nevada$10,0001$12,6252 New Jersey$6,0002$3,0001 New Mexico$5,0002$00 New York$10,4701$4,0001 North Carolina$9, North Dakota$6,0002$2,0001 Northeast District$00$5,0002 Ohio$1,4202$2,0002 Oklahoma$21,1005$20,0004 Oregon$40,5009$42,5009 Pennsylvania$15,8662$00 South Carolina$3,4601$00 South Dakota$6,7655$5,3543 Tennessee$3,3402$2,7902 Texas$76,27820$67,34017 Utah$8,4203$6,5083 Virginia$8,0003$5,0002 Washington$56,70214$56,49611 West Virginia$00 0 Wisconsin$27,8004$26,5804 Wyoming$15,7803$8,1501 Canada$00 0 Totals$905,417183$884,346176

Other Financial Aid Programs Federal Grants (Pell and SEOG) Federal Work Study/Campus Employment/R.A. Stipend Federal Direct Loans (Subsidized & Unsubsidized) Federal Direct PLUS Loans (for parents) Cottey Grants

FAFSA Free Application for Federal Student Aid Available on Jan. 1, 2015 for year Cottey’s priority deadline is March 1

Determining Need Family’s income, assets, family size, and number attending college are used to calculate the expected family contribution (EFC) Cost of Attendance minus EFC = Need Once need is determined, the financial aid office can determine aid eligibility

Financial Aid Package A package can include scholarships, grants, student employment, and student loans. Amount of financial aid varies from student to student based on financial need. All of these aid programs add up to making it affordable for most students!

Award Letters The financial aid office starts sending award letters to students in late March/early April. An award letter shows the cost of attendance and all of the financial aid for which the student qualifies. We want this to be as complete as possible because many students make their final college decision based on financial aid and cost.

Contact Information p: ext f: Angie Newton, Secretary