You CAN Afford College Felice Rollins The College Place – Northern Virginia

What is Financial Aid?  Financial aid refers to funds provided to students and families to help pay for postsecondary educational expenses

Expected Family Contribution (EFC)  Amount family can reasonably be expected to contribute, but not what the family will pay to the college  EFC is the same regardless of what college you attend  Two components:  Parent contribution  Student contribution

What is Financial Need  The difference between the cost of attendance and the EFC  Need will vary based on cost of different colleges  Your financial need determines how much aid you may receive  Colleges may not be able to offer enough aid to meet your financial need

Types of Financial Aid  Scholarships  Grants  Loans  Employment

Federal Aid The student must be one of the following to receive federal financial aid: U. S. citizen U. S. national U. S. permanent resident (I-151, I-551, I- 551C) Possess an I-94 with designation refugee, asylum granted, Cuban-Haitian Entrant, Victim of human trafficking, or parolee

Free Application for Federal Student Aid (FAFSA)  A standard form that collects demographic and financial information about the student and family  Should be filed electronically  Available in English and Spanish  For academic year, the FAFSA may be filed beginning January 1, 2012  Colleges may set FAFSA filing deadlines

Scholarships  Money you can earn based on your academics, athletics or other skills  Finding scholarships is a process which requires organization and dedication  Scholarships can make the difference between where you WANT to go and where you HAVE to go

What else can you do?  Talk to your family about your desire to attend college  Research college costs  SAVE, SAVE, SAVE!!!

THANK YOU! The College Place – Northern Virginia Hedgewood Drive, Suite 225 Woodbridge, VA