Financial Aid – Senior Year Personalize it- College attending. Major. Office at School. Days and times you work. CaPROMISE Promoting the Readiness of Minors in Supplemental Security Income
How much does college cost?
Registration Fees Only University of California $13,557 California State University $7,264 California Community College $1,104 Private Universities $32,100 http://www.calstate.edu/budget/fybudget/2012-2013/documentation/14-mandatory-fees-table.shtml http://www.californiacolleges.edu/finance/how-much-does-college-cost.asp
University of California Total $31,346 Fees/ Tuition $13,557 Books and supplies $1,509 Room and board $12,254 Transportation $771 Miscellaneous $3,255 How Universities Calculate COA (cost of attendance)
Total Cost of Attendance How the FAFSA determines your Financial Aid The amount of money you receive is based on your Expected Family Contribution (EFC) EFC= The amount your family is expected to pay for your college based on family income Total Cost of Attendance EFC Financial Need
For Example You have 3 colleges in mind Cost of Attendance EFC Financial Need UCSD [living on campus] $31,346 $1,000 $30,346 SDSU [living on campus] $26,679 $27,679 $1,000 $10,837 Mesa College [living at home] $11,837 $1,000
How do I pay for college?
Paying for Your Education How you and your Family pay: Personal Savings Working through college Loans (pay back later) How the Government or Organizations can help pay (FREE MONEY): FAFSA/Dream Application Scholarships (must apply) Explain each in your own words to the students
Free Application for Federal What is FAFSA? Free Application for Federal Student Aid
Institutional Aid & Scholarships FAFSA Package Federal Pell Work Study Loans California Cal Grants Middle Class Scholarship Foster Youth Grant Institutional Aid & Scholarships
Federal Aid Pell Grant Work Study Loans Up to $5,500 Determined by EFC Awarded by individual college Work on/off campus Amount received only if you work Loans Subsidized Unsubsidized Private
What should I do next?
Both Students and Parents must apply for an FSA ID How to File for FAFSA… Step 1 Both Students and Parents must apply for an FSA ID www.FSAID.ed.gov Step 2 Social Security # Current (or prior year) Financial Records/ Tax Return Forms Email Address
Step 3 Step 4 Step 5 How to File for FAFSA… Complete the FAFSA online before March 2 www.fafsa.ed.gov Step 4 Review your Student Aid Report (SAR) and California Aid Report (CAR) Step 5 Receive financial aid packages from each of your colleges of interest
State Aid Cal Grants: A, B, C Institutional Grant Middle Class Scholarship Chafee Grant
Degree/License Pursued Cal Grants Cal Grants A, B, & C Degree/License Pursued GPA Income
How to Receive Cal Grants File for FAFSA
WebGrants 4 Students Create an account at www.webgrants4students.org Monitor & Manage your Cal Grants Use to update your personal information, school changes, leave of absence, etc. Also provides resources, information, and tools to assist with the college financial aid process
Middle Class Scholarship Funding provided for students from households with incomes up to $150,000 Must be a California resident or exempt from nonresidential tuition Must Maintain a 2.0 grade point average How to apply: Submit FAFSA or Dream Application by MARCH 2nd
How to apply for Chafee Foster Youth Grant 1 Obtain FSA ID www.FSAID.ed.gov 2 Complete FAFSA application www.fafsa.ed.gov 3 Complete Chafee Application www.chafee.csac.ca.gov NOTE: If you have ever been in foster care, APPLY!
Submit Application Online Beginning January 1st DREAM ACT STUDENTS (no social security #) Submit Application Online Beginning January 1st Due March 2nd www.caldreamact.org ***DO NOT USE FAFSA APPLICATION
Dream Act Eligibility Requirements Attend a CA High School for at least 3 years OR earn the equivalent of 3 years credit 1 Graduate from a CA High School 2 File an affidavit with college or university stating that you intend to file and application to legalize your immigration status 3
BOG Fee Waiver What is it? Waives Enrollment Fees (tuition) To be used only for Community College students that have financial need
Waives Community College Registration Fees www.fafsa.ed.gov With SSN Pell Grant Work Study Loans Cal Grants A - 3.0 GPA B - 2.0 GPA C- 2.0 GPA Middle Class Scholarship Institutional Grant CHAFEE** www.caldreamact.org Without SSN (No Federal Money) www.cccapply.org/bog_waiver/ With or without SSN Waives Community College Registration Fees Filed by completing the FAFSA***
FAFSA Workshops