1. 1560 Broadway, Suite 1700, Denver CO 80202 Paying For College: Financial Aid 101

2. 1560 Broadway, Suite 1700, Denver CO 80202

3. College Opportunity Fund is a stipend that pays for a portion of in-state tuition for Colorado resident students.  Apply one time at https://cof.college-assist.org  For undergraduate students only  Paid directly to college -Apply as early as 13 years old

4. 1560 Broadway, Suite 1700, Denver CO 80202 Community College/Junior College $4,400-5,500 $8,800** $1,800 $1,300 Varies $17,600-18,200 Public University/Colleg e $6,800-11,000 $7,000-11,700 $1,800 $1,300 Varies $18,200-27,100 Private University/Colleg e 24,000-42,000 $9,200-10,800 $1,800 $1,300 Varies $37,600-57,200 Estimated Cost of Attendance 2014-2015 (full time student/Colorado resident/per academic year) Tuition & Fees* Room & Board Books & Supplies Personal Transportation Medical Total *Tuition, not including COF ** Living off campus, not with parents

5. 1560 Broadway, Suite 1700, Denver CO 80202 Financial Aid is money that is lent or given to you from the federal government, the state and institutions to pay for educational expenses. - Grants - Work Study - Loans - Scholarships

6. 1560 Broadway, Suite 1700, Denver CO 80202 FAFSA is the Free Application for Federal Student Aid. This form is required for all students seeking federal student grants, work-study programs and loans. www.FAFSA.GOV

7. 1560 Broadway, Suite 1700, Denver CO 80202 To apply for financial aid, you must complete the FAFSA (Free Application for Federal Student Aid) | www.FAFSA.gov

8. 1560 Broadway, Suite 1700, Denver CO 80202 To apply for financial aid, you must complete the FAFSA (Free Application for Federal Student Aid) | www.FAFSA.gov Apply early! Some financial aid is awarded on a first-come first-serve basis Application opens every January 1 st Every college/university their own priority date Application is sent to each of the designated colleges Colleges/universities will contact student re: award letter

9. 1560 Broadway, Suite 1700, Denver CO 80202 To apply for financial aid, you must complete the FAFSA (Free Application for Federal Student Aid) | www.FAFSA.gov Requirements to complete the FAFSA:  Student must be citizen/legal resident  Asset eligibility please visit - FSA-ID  W-2 forms, Federal Income Tax Return, untaxed income records  Current checking or savings account statements  Investments, stocks, bonds, 529 savings plans

10. 1560 Broadway, Suite 1700, Denver CO 80202 Financial Aid & ASSET ASSET IS an eligibility to pay in-state tuition ASSET is NOT a form of Financial Aid ASSET students are NOT eligible for federal or state funded financial aid (i.e. Pell Grant, Work Study, etc.) Completing the FAFSA application may be required for institutional/private aid and/or scholarships ASSET does not make a student eligible for other benefits offered by the state or federal government

11. 1560 Broadway, Suite 1700, Denver CO 80202 FAFSA: Dependency Status  Dependent vs. Independent student status:  Are 24 years old  Are in Graduate School  Are married  Have children  Have dependents other than children  Are Active Duty in the U.S Armed forces  Are Veterans in the U.S Armed forces  Orphan or Ward of the Court  Were in Foster Care at any time since age 13  Emancipated Minor or in Legal Guardianship  Homeless or at-risk of being homeless www.studentaid.ed.gov

12. 1560 Broadway, Suite 1700, Denver CO 80202 What happens after I submit my FAFSA?  University/college receives FAFSA (students can include up to 10 schools)  Documents may be requested by school *Award letter notification Expected Family Contribution (EFC) is a number that determines a students eligibility for federal student aid. EFC formulas use financial information from FAFSA.

13. 1560 Broadway, Suite 1700, Denver CO 80202 What happens after I submit my FAFSA? - Expected Family Contribution (EFC) is calculated EFC = is an index number that is used to determine your eligibility for federal student financial aid - Ranges from 0-99,999  University/college receives FAFSA (students can include up to 10 schools)  Documents may be requested by school *Award letter notification

14. 1560 Broadway, Suite 1700, Denver CO 80202 Types of Financial Aid Grants - free money that does not have to be paid back. - Pell grant: up to $5,730 Loans - Students can borrow money from the federal government Subsidized: 4.6% Unsubsidized: 4.6% - Parent PLUS Loans 7.2% Interest rate Credit check required Work Study - Federally funded need-based program; students can work on campus Scholarships - Free money that does not have to be paid back - Private donors, community organizations - Apply individually

15. 1560 Broadway, Suite 1700, Denver CO 80202 Tips for taking out student loans… 1.Understand this is money you have to eventually pay back 1.Know the difference between subsidized/unsubsidized loans 1.Borrow only what you need

16. 1560 Broadway, Suite 1700, Denver CO 80202 Common Scholarship Mistakes 1.Grammatical Errors 2.Not answering questions 3.Not turning in the application

17. 1560 Broadway, Suite 1700, Denver CO 80202

18. Thank you for your time! College In Colorado Hotline 1-720-264-8580

19. 1560 Broadway, Suite 1700, Denver CO 80202 College In Colorado, 1560 Broadway, Ste. 1700, Denver, CO 80202 Paying For College: Financial Aid 101 Freddy Burciaga College in Colorado Outreach & Access Team Colorado Department of Higher Education

20. 1560 Broadway, Suite 1700, Denver CO 80202

21. College Opportunity Fund is a stipend that pays for a portion of in-state tuition for Colorado resident students.  Apply one time at https://cof.college-assist.org  For undergraduate students only  Paid directly to college -Apply as early as 13 years old

22. 1560 Broadway, Suite 1700, Denver CO 80202 Community College/Junior College $4,400-5,500 $8,800** $1,800 $1,300 Varies $17,600-18,200 Public University/Colleg e $6,800-11,000 $7,000-11,700 $1,800 $1,300 Varies $18,200-27,100 Private University/Colleg e 24,000-42,000 $9,200-10,800 $1,800 $1,300 Varies $37,600-57,200 Estimated Cost of Attendance 2014-2015 (full time student/Colorado resident/per academic year) Tuition & Fees* Room & Board Books & Supplies Personal Transportation Medical Total *Tuition, not including COF ** Living off campus, not with parents

23. 1560 Broadway, Suite 1700, Denver CO 80202 Financial Aid is money that is lent or given to you from the federal government, the state and institutions to pay for educational expenses. - Grants - Work Study - Loans - Scholarships

24. 1560 Broadway, Suite 1700, Denver CO 80202 FAFSA is the Free Application for Federal Student Aid. This form is required for all students seeking federal student grants, work-study programs and loans. www.FAFSA.GOV

25. 1560 Broadway, Suite 1700, Denver CO 80202 To apply for financial aid, you must complete the FAFSA (Free Application for Federal Student Aid) | www.FAFSA.gov

26. 1560 Broadway, Suite 1700, Denver CO 80202 College In Colorado, 1560 Broadway, Ste. 1700, Denver, CO To apply for financial aid, you must complete the FAFSA (Free Application for Federal Student Aid) | www.FAFSA.gov Apply early! Some financial aid is awarded on a first-come first-serve basis Application opens every January 1 st Every college/university their own priority date Application is sent to each of the designated colleges Colleges/universities will contact student re: award letter

27. 1560 Broadway, Suite 1700, Denver CO 80202 To apply for financial aid, you must complete the FAFSA (Free Application for Federal Student Aid) | www.FAFSA.gov Requirements to complete the FAFSA:  Student must be citizen/legal resident  Asset eligibility please visit  FAFSA Pin Number www.pin.ed.gov  W-2 forms, Federal Income Tax Return, untaxed income records  Current checking or savings account statements  Investments, stocks, bonds, 529 savings plans

28. 1560 Broadway, Suite 1700, Denver CO 80202 What happens after I submit my FAFSA?  University/college receives FAFSA (students can include up to 10 schools)  Documents may be requested by school *Award letter notification Expected Family Contribution (EFC) is a number that determines a students eligibility for federal student aid. EFC formulas use financial information from FAFSA.

29. 1560 Broadway, Suite 1700, Denver CO 80202 What happens after I submit my FAFSA? - Expected Family Contribution (EFC) is calculated EFC = is an index number that is used to determine your eligibility for federal student financial aid - Ranges from 0-99,999  University/college receives FAFSA (students can include up to 10 schools)  Documents may be requested by school *Award letter notification

30. 1560 Broadway, Suite 1700, Denver CO 80202 Types of Financial Aid Grants - free money that does not have to be paid back. - Pell grant: up to $5,730 Loans - Students can borrow money from the federal government Subsidized: 4.6% Unsubsidized: 4.6% - Parent PLUS Loans 7.2% Interest rate Credit check required Work Study - Federally funded need-based program; students can work on campus Scholarships - Free money that does not have to be paid back - Private donors, community organizations - Apply individually

31. 1560 Broadway, Suite 1700, Denver CO 80202 Tips for taking out student loans… 1.Understand this is money you have to eventually pay back 1.Know the difference between subsidized/unsubsidized loans 1.Borrow only what you need

32. 1560 Broadway, Suite 1700, Denver CO 80202 Common Scholarship Mistakes 1.Grammatical Errors 2.Not answering questions 3.Not turning in the application

33. 1560 Broadway, Suite 1700, Denver CO 80202

34. Thank you for your time! Brianna Kutauskas Brianna.Kutauskas@cic.state.co.us 303-974-2496 Freddy Burciaga Alfredo.Burciaga@cic.state.co.us 303-974-2494