Eric J. Hill College & Career Education Specialist

  Tuition$6,785  Room $2,985  Board$1,642  Books, Travel and incidentals$1,400  Total (Per Semester$12,722  Total (Per Year)$25,444 Cost of Attendance College of William & Mary

  Be a citizen or eligible non-citizen of U.S.  Have a high school diploma or GED  Be enrolled at least half-time at an eligible institution  Register with Selective Service (men only)  Not be in default on any federal education loans or owe a refund on any grants To be Eligible for Federal Financial Aid

 Three types of Financial Aid:  Gift Money  Earned Money  Borrowed Money Types of Financial Aid

 Grants  Based on Financial need  Federal, State, and University Grants Scholarships  Based on various criteria  From Colleges and other organizations Gift Money

 Federal Work-Study Program  Students work part-time, usually on campus  Money earned helps pay for college Earned Money

 Two types of loans  Federal  Personal  Must be paid back Borrowed Money

 Borrower: Student Based on Need :Yes Interest Rate: Fixed Repayment Begins: 9 months after graduating or dropping below half-time Federal Loans - Perkins

 Borrower: Student Based on Need Subsidized = Yes Based on Need : Unsubsidized = No Interest Rate :Fixed every July 1, Repayment Begins : 6 months after graduating or dropping below half-time Federal Loan - Stafford

 Borrower: Parent Based on Need: No Interest Rate: Fixed every July 1, % Federal Plus Loan

 Expected Family Contribution (EFC)  The EFC is the amount you may be expected to contribute  You don’t pay it up front  Used to determine how much aid you’re eligible for  Calculated from information you provide How is Financial Aid Awarded?

  To apply(FAFSA) FREEwww.fafsa.ed.gov Free Application for Federal Student Aid  Apply for a Department of Education PIN (  Apply regardless of family income Applying for Financial Aid

 The profile is an online application that collects information used by certain colleges and scholarship programs to award institutional aid funds. The CSS PROFILE also asks for more information than the FAFSA. For example, the CSS PROFILE asks for detailed information pertaining to investments and home worth— two areas the FAFSA does not cover in-depth. Using both of these tools allows University to gain a more accurate picture of a family’s financial standing. What is the CSS Profile ?

 There is a $25 fee for the initial application, and a $16 fee for each institution that receives it thereafter. A limited number of fee waivers are granted automatically to first-year, first-time applicants from low-income families, based on the financial information provided on the PROFILE. How much does the CSS PROFILE Cost?

  FAFSA: January 1, 2014  CSS Profile: October 1, 2013 However, you should file no later than two weeks before the earliest priority filing date specified by your colleges or programs. When do I file the FAFSA & CSS Profile

 Sent to you after FAFSA is processed  If you provided an you get a notification containing a link to it online  Paper version via mail  Contains your Expected Family Contribution(EFC)  Information sent automatically to colleges you listed Student Aid Report (SAR)

 Required application materials are:  the FAFSA  the CSS Profile In order to be considered for Aid at William & Mary

  We use an institutional formula to calculate an expected parent contribution toward educational costs. Our goal is to treat families equitably while still maintaining flexibility to recognize unusual situations. When we review your family’s finances, we make allowances for:  living expenses (based on household size)  federal and state taxes  unusually high medical expenses  college costs (undergraduate) for siblings  private school tuition and college savings for younger siblings  We also consider your family’s assets, including home equity, savings, investments and real estate, but not retirement accounts. Stanford University The Parent Contribution

  In cases of separation or divorce, we expect both parents to participate in paying for your education. We will compute separate contributions for your custodial and non-custodial parents. Stanford University

  Zero Parent Contribution for Parents with Income Below $60,000  For parents with total annual income below $60,000 and typical assets for this income range, Stanford will not expect a parent contribution toward educational costs. Students will still be expected to contribute toward their own expenses from their summer income, part-time work during the school year, and their own savings. Stanford University

  Tuition Charges Covered for Parents with Income Below $100,000  For parents with total annual income below $100,000 and typical assets for this income range, the expected parent contribution will be low enough to ensure that all tuition charges are covered with need-based scholarship, federal and state grants, and/or outside scholarship funds. Stanford University

  Tuition Charges for Parents with Income Below $200,000  Families with incomes at higher levels (typically up to $200,000) may also qualify for assistance, especially if more than one family member is enrolled in college. We encourage any family concerned about the ability to pay for a Stanford education to complete the application process. If we are not able to offer need-based scholarship funds we will recommend available loan programs. Stanford University

  Very from school to school  UVA March 1, 2014  William & Mary March 1, 2014  Brown University Early Decision November 1, 2013 March 1, 2014 Regular Decision  Institutional payment plan available Financial Aid Deadline

 Received from the financial Aid Office  Compare offers  Amount of Aid vs. cost of attendance  Gift money vs. borrowed money  Types of loans Award Letters and Offers

 Type of AidBrown UniversityUniversity of Penn Federal Grant$5,000 Institution Based Grant$35,000$46,658 Perkins Loan Un-Sub$1,000 Stafford Loan Sub$3,000 Work-Study$3,000 Parent Plus Loan$9,000 Total Aid$53,500$54,658 Comparing Award Offers

  Washington -Lee high school, class of 2013 received more than $9.2 million in grants and scholarships. Scholarships

 Ivy League Institutions Merit ScholarshipsNo Merit Scholarships Cornell UniversityColumbia University Dartmouth CollegeHarvard University Brown UniversityPrinceton University Yale UniversityUniversity of Pennsylvania

  A first-time freshman student who meets the December 15 scholarship priority deadline, has a 29 ACT or 1290– 1320 SAT score (critical reading and math scores only) and at least a 3.5 cumulative GPA will be selected as a Foundation in Excellence Scholar and receive the value of one-half tuition or $47,900 over four years ($11,975 per year). University of Alabama Out-Of State Scholarship Foundation in Excellence Scholarship

  The student or the parent can login naviance family connection and search for scholarships.  If you receive s from me, you having a naviance family connections account. If you have forgotten your password or never registered, please me with your son or daughter's full name and I will reset your password. How to Locate Scholarships

 Eric J. Hill College & Career Education Specialist