How to Pay for College

What is Financial Aid? Financial Aid is a term used to describe any and all types of financial resources used to pay for a postsecondary education How to Pay for College

Who is eligible for Federal or State Aid?  Legal U.S. Citizen, Resident or AB540 (for state aid must be legal CA resident or qualify under AB540)  Registered for Selective Service (males only)  Attend an eligible College or University  Maintain at least ½ time enrollment at the school currently attending.  Maintain satisfactory academic progress  Not be at default with a federal or state funding agency

How to Pay for College Factors that help determine Financial need  Total Household Income  Total number of Investments (i.e. mutual funds, stocks etc.)  Age of older parent  Number of people living in household  Number of people in household enrolled in college  Students’ income  First generation college student

How to Pay for College How to determine college cost?  Tuition and fees  Books and supplies  Housing (rent, utilities, food)  Transportation  Personal expenses

How to Pay for College How much does it cost? Type:Cost: Community College (CC)$624 per semester/12 units California State University (CSU) $24,000 University of California (UC) $32,000 Private College and University $12,000 - $46,000

How to Pay for College Determining Student Need Cost of College or University __ Expected Family Contribution _____________________ Student Need

How to Pay for College Four Types of Financial Aid 1. Scholarships 2. Grants 3. Work Study 4. Loan / Default Prevention

How to Pay for College Scholarships This type of award does not have to be repaid, it’s free. A type of fund that one receives through activities, writing, talent or academic merit. Requirements vary Scholarships can be Academic or non-academic

How to Pay for College Grants Money given that does not have to be repaid

How to Pay for College WORK STUDY A federally funded program that works together with the university that the student attends which provides financial aid through employment opportunities. The student can work a maximum of 20 hours per week.  Flexible schedules are available.  Student’s education is a priority.

How to Pay for College LOANS Money that must be repaid.

How to Pay for College HOW AND WHEN DO YOU APPLY? Fill out the Free Application for Federal Student Aid (FAFSA) and the Cal Grant GPA Verification form. You can obtain a copy of the FAFSA and the GPA verification form in the college office at your sons/daughters school or in any public library. You can also apply online at: The Filling period for the college year begins January 1 st Call 1(800) 4FED-AID for more information.

How to Pay for College Assembly Bill 540  Assembly Bill 540 Requirements & Eligibility  Required Affidavit for AB 540 Students  Financial Resources  Additional Resources

How to Pay for College ASSEMBLY BILL 540 REQUIREMENTS 1.Attended a high school in California for 3 or more years. 2.Graduated from a CA high school or attained the equivalent of a high school diploma, (Passed the GED or CA High School Proficiency Exam) 3.Register or be currently enrolled in 1 of the 3 state institutions of higher learning. 4.File an affidavit with the college or university stating that he or she has applied to legalize his or her legal status or will do so as soon as he or she is eligible to do so 5.All information provided by student will be kept confidential by the college or university

How to Pay for College Required Affidavit for AB 540 Students The affidavit is required by the college where the student will be attending The affidavit states that the student will adjust their status, as soon as they are eligible to do so Students are not required to submit a new affidavit when there is continuous enrollment The information on the affidavit is kept confidential, as required by law. Immigration has no access to student information

How to Pay for College IMPORTANT Please remember to make copies of any document you fill out and send Any document you send should have proof of mailing, therefore you should always obtain a certificate of mailing from the post office.