Financial Aid Sarah Hirano, Region 7 College EXPO Coordinator District Convention 2017 Sarah Hirano, Region 7 College EXPO Coordinator Andrew Chuang, Region 9 College EXPO Coordinator

Types of Financial Aid Grants Scholarships Loans (Federal and private) Work Study

Grants Grants are a type of financial aid that does not have to be repaid. Offered by the federal and state government, as well as by some institutions, grants may be merit-based, need-based or student-specific. Examples: grants for minorities, women, and students with disabilities. Competition is usually fierce, as no repayment is required.

Grants Pell Grants– undergraduate students who have not earned a bachelor’s degree or professional degree amount of aid is dependent on your financial need, the school’s cost of attendance, and other factors. Federal Supplemental Educational Opportunity Grants (FSEOG)– grants for undergraduate students with exceptional financial need administered directly by the financial aid offices of participating schools.

Grants Teacher Education Assistance for College and Higher Education (TEACH) Grants– if you plan to become a teacher and teach in high-need fields in low-income areas. To qualify, you must commit to teaching for a certain length of time. Iraq and Afghanistan Service Grants– Iraq and Afghanistan service grants for students whose parent or guardian died during military service in Iraq or Afghanistan.

Scholarships do not require repayment typically offered by individual institutions or private organizations and can be awarded based on a number of factors, such as academic performance, athletic ability, religious affiliation, and race To apply, you will often be asked to write an essay.

Loans Offered by both the federal government and private institutions Money that you borrow to attend college; you must repay your loans with interest. Loans provide students and families with immediate access to funds to help cover the cost of college.

Federal Loans The two main types of federal loans available for college students include: Subsidized Loans–available for students who have demonstrated financial need; slightly better terms than unsubsidized student loans The US Department of Education pays your interest while you are in school and for a six month grace period after you graduate. Unsubsidized Loans–available for all students Students are responsible for repaying interest during all periods.

Federal Loans There are also specialized student loans available, such as PLUS loans and Perkins Loans: PLUS Loans –made to graduate or professional students and parents of dependent undergraduate students help pay for expenses not covered by other financial aid options. Perkins Loans– Perkins loans are school-based loans for undergraduate and graduate students with exceptional financial need.

Private Loans Granted by private banks Bridge the gap between the cost of your education and the amount of financial aid you receive from the government. Eligibility depends on your credit score, and private loans tend to have higher interest rates than loans that the government offers. Pursue all options for federal student aid before entering into a private loan.

Work Study A work program where you can earn money that helps you pay for school. Federally funded jobs on campus or at other approved locations. Many campus facilities, including the student center, career center, athletic department, and residence halls, employ work-study students. Positions and pay offered vary.

FAFSA The Free Application for Federal Student Aid (FAFSA) is a form that can be prepared annually by current and prospective college students in the US to determine their eligibility for student financial aid. https://fafsa.ed.gov/index.htm

FAFSA Deadlines Federal Deadline - Online applications must be submitted by midnight Central Time, June 30, 2018. Any corrections or updates must be submitted by midnight Central Time, September 15, 2018.

FAFSA Deadlines Do NOT fill out a FAFSA. State Deadline California - For many state financial aid programs – March 2, 2017 (date postmarked). Cal Grant school certified GPA: March 2, 2017. Mail GPA but retain a copy of the GPA form. Community College Cal Grants - September 2, 2017 (date postmarked). Non-citizen with a Social Security card issued through Deferred Action for Childhood Arrivals (DACA) or for some other work authorization, you should fill out the California Dream Act Application found at www.caldreamact.org. Do NOT fill out a FAFSA.

FAFSA Dealines Contact the California Student Aid Commission (www.csac.ca.gov) or your financial aid administrator for more information. Additional forms may be required. Keep a record of your submission by printing out the online FAFSA confirmation page or obtain proof of mailing the FAFSA.

FAFSA Deadlines College Deadline - Check with the college(s) you are interested in attending. Ask your college about its definition of an application deadline - whether it is the date the college receives your FAFSA, or the date your FAFSA is processed.

CA Dream Act The California Dream Act allows some undocumented students to apply for and receive state-based financial aid and institutional scholarships Application due on March 2, 2018 https://dream.csac.ca.gov/

? ? Questions? Comments? Concerns? Go for it!

Acknowledgements The CNH Key Club District would like to acknowledge the following individuals who have contributed to this presentation over the years. Broneka Kovarkez, CNH District College EXPO Coordinator Sarah Hirano, Region 7 College EXPO Coordinator Andrew Chuang, Region 9 College EXPO Coordinator