Financial AID FOR COLLEGE

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Presentation transcript:

Financial AID FOR COLLEGE Presented by Kaleo Domingo

Cost of Attendance Varies Tuition + BOOKS $1000 School 1 2 year - Public $3,024 School 2 4 year -Public $10,872 School 3 Private ? $33,441

FAFSA (Free Application for Federal Student Aid) FAFSA.GOV FSAID.ED.GOV Application FSA ID Login October 1st Student and Parent

FAFSA Application Tips File each year as early as OCT 1st Have FSA ID ready for student and parent Have copy of federal tax return and W-2s Income and assets (exclude retirement accounts and home) List the college(s) of interest Student housing plans (on-campus, off-campus, parent) Inform financial aid of special circumstances.

What happens after I file a FAFSA? Review your FAFSA comments and results. Information sent to colleges Check your school email Complete any additional documentation Receive financial aid award notification Check on status if unsure

Scholarship Applications FAFSA + Scholarship Applications Maintain/update a personal statement Have at least two letters of recommendation Keep record of service activities Better grades = better scholarship application School’s website uhsys.scholarships.ngwebsolutions.com HawaiiCommunityFoundation.org apps.ksbe.edu/financialaid/ www.fastweb.com www.finaid.org

Sample Financial Aid Awards - FAFSA School 1 2 year - Public School 2 4 year - Public Pell Grant SEOG Grant UH Opportunity Grant Native Hawaiian Grant Scholarships Student Loans Parent Loan Work Study $6095 $6095 $500 $2000 $1000 $4000 $500 $2000 $8,095 $14,095 ??? ??? $5,500 - $10,500 COA - EFC - Fin Aid = Max Loan Amount/yr

Satisfactory Academic Progress Maintain Financial Aid Academic Requirements Credit Completion Rate of 67% or Higher (Check the schools SAP policy) Minimum cumulative GPA of 2.0 (Most common Standard) Max Timeframe Enroll in courses that count towards degree Meet with your counselor to ensure your on track to graduate

Strategies for Success! FAFSA OCT 1st Track financial aid and scholarship deadlines Follow up on your application - it is your responsibility Higher education is an investment in your future Don’t be afraid to ask questions. It’s part of learning Questions ??? MAHALO and best wishes!