1. Saturday, September 24, 2016 UCSF Map to college Presenter: Lily Ling
Intro to financial aid
Saturday, September 24, 2016
UCSF Map to college
Presenter: Lily Ling

2. What will you learn today?
Average College Costs
Types and Sources of Financial Aid
Eligibility Requirements
Financial Aid Application Process
AB540 for Undocumented Students
California Dream Act
Helpful Tips

3. Average college costs Living On-Campus 2016– 2017
California Community Colleges
California State University (CSUSF)
University of California (UCB)
California Private Colleges (based on USF)
Fees/Tuition
$1,104
$6,484
$13,510
$42,634
Books and Supplies
$1,710
$1,900
$1,262
$1,600
Room and Board
$7,900
$13,882
$14,992
$13,650
TransportationFood
$3,250
$2,966
$3,654
$3,800
TOTAL
$13,964
$25, 232
$33,418
$61,684

4. Types of financial aid
Gift Aid: FREE money such as GRANTS and SCHOLARSHIPS that do not need to be repaid
Loans: Borrowed money that must be paid back with interest over time
Work Study: Student part-time job that is subsidized by the federal government

5. Sources of financial aid
Federal government
State government
Colleges and universities
Private agencies, companies, foundations, community groups, etc. (Scholarships)

6. Scholarships
FREE money for college which students never have to pay back, but must apply and compete for them
Given out by colleges, companies, businesses, community groups, organizations, foundations
Each scholarship has different criteria/ eligibility requirements
GPA, Essays, Letters of recommendation, Leadership, Volunteering, Sports, Specific Identities, and/or more!

7. Scholarships Where do you find them? Colleges
Career Centers at High Schools
Online Scholarship Search Engines

8. Scholarship Search Engines
*IMPORTANT: Be cautious of scholarship scams, especially if it sounds too good to be true or you have to pay a fee to apply for the scholarship

9. Federal FINANCIAL aid requirements
Student must:
Be a US citizen or permanent resident
Be a high school graduate or have a GED
Be accepted to a college/vocational program and enroll at least half, but usually full time
File a FAFSA (Free Application for Federal Student Aid) betweeen October 1st- March 2nd!

10. Federal aid - Grant
Pell Grant: Up to $5,815 for school year (based on financial need)
Federal Supplemental Educational Opportunity Grant (FSEOG): Up to $4000 per year (based on financial need)

11. Federal aid - Grant TEACH Grant: - up to $4000 per year
(for students aiming to become teachers)
scholarships/teach

12. Federal aid - loans
Money borrowed that must be paid back with interest.
It is NOT bad to take out loans. Think of it as an investment in your education, career, and future.

13. Federal aid - loans
Direct Subsidized Loan: A student loan that DOES NOT accrue interest while the student is enrolled in college
Direct Unsubsidized Loan: A student loan that DOES accrue interest while the student is enrolled in college
Current interest rate: % for both loans (7/1/2016 – 6/30/2017)

14. Federal aid - loans
Perkins Loan: A student loan that DOES NOT accrue interest while the student is enrolled in college.
5% fixed interest rate
Direct PLUS Loan: A loan that parents may take out to help their child pay for education expenses.
Approval is based on credit
Current interest rate: %
(7/1/2016 – 6/30/2017)

15. Federal aid - loans Things to know:
Students do not need to pay back student loans until 6 months after leaving college, BUT
Parents must begin paying back PLUS loans 3 months after it is dispersed while the student is in college

16. Federal vs. Private loans
Things to know:
Private lenders such as banks and credit unions can provide educational loans that students and parents can apply for.
Differences between federal and private loans:
vs-private
Federal student loans are required by law to provide a range of flexible repayment plans based on the borrower’s income.

17. Federal AID – work study
Students work part-time at the college they attend.
Different types of jobs available such as office assistant, delivery person, library front desk, tutoring, retail, food service, and more!
Just like any regular job, the student is given a paycheck to spend as they wish. It is not given to the school for college fees.

18. Federal aid - work study
Student’s work schedule is flexible and dependent on your class schedule.
Student works for faculty/staff of the college, allowing for more leniency in work schedule since being a student is priority.
Government subsidizes the paycheck -> college employers want you!

19. CA State aid requirements
Student must:
Be a US citizen, legal permanent resident OR meet AB540 criteria
Be a California resident when you graduated from high school OR meet AB540 criteria
Attend a qualifying California college
Apply for Cal Grant between October 1st- March 2nd!
Apply for FAFSA or CA Dream Application between October 1st-March 2nd!

20. State aid – Cal grantS
FREE money funded by the state of California and is based on financial need AND the student’s GPA
Cal Grant is guaranteed if you meet income requirements and the following:
Cal Grant A:
Have at least a 3.0 GPA
Cal Grant B:
Have at least a 2.0 GPA
Cal Grant C:
For recognized career & technical programs only

21. State Aid – Cal Grant A
Covers tuition and fees at CSU, UC, and private universities each year (up to $5,472, $12,240, $9,084 respectively for )
Eligible California Community College students can have their Cal Grant held in reserve for up to 3 years until they transfer and attend a 4 year college

22. State Aid – Cal Grant b
Covers a living allowance of $1,656 for the first year academic year of attendance.
Following years will cover the same amount each year as the Cal Grant A PLUS the living allowance above

23. State Aid – Cal Grant c
Provides up to $547 for books, tools and equipment for a trade/technical/vocational program.
You may also receive up to an additional $2,462 for tuition at a school other than a California Community College. 

24. Other grants
CHAFEE Grant (foster youth) – up to $ per year for college or job training
University Grants – amounts vary by college

25. MIDDLE CLASS SCHOLARSHIP
Assists UC and CSU undergraduate students with family incomes up to $150,000
Awards vary based on the number of eligible students, the institution, and state funding allocated
Amounts are determined after Pell Grant, Cal Grants, and institutional grants are awarded
Students cannot receive both grant aid and the MCS

26. MIDDLE CLASS SCHOLARSHIP (CON’T)
To apply, students should submit
FAFSA – US Citizens / Permanent Residents
CA Dream Application – AB540 eligible students
Beginning October 1st! Deadline: March 2nd
Qualifying students will be notified by

27. Board of governor’s fee waiver (BOG)
Waives California Community Colleges’ enrollment fees for low-income California residents
Must file FAFSA or CA Dream Application and submit BOG Fee Waiver to community college’s financial aid office

28. Application process *Starting October1st of student’s HS senior year…
Effective , parents and students are asked to use tax information from the “prior-prior tax year “ to complete the FAFSA / CA DREAM Application.
(i.e., federal tax return instead of for the FAFSA / CA DREAM Application).
Both parent and student create FSA ID.

29. Application process *Starting October1st of student’s HS senior year…
Complete the FAFSA (Free Application for Federal Student Aid) at using the FSA ID as the electronic signatures to submit online between October 1st- March 2nd!
Cal Grant GPA Verification Form must be submitted to be eligible for the Cal Grant (
*SFUSD submits GPAs for students automatically

30. Application process
NOTE: Some private colleges may also require the CSS Profile as part of their financial aid application process. Please check each school’s financial aid website.

31. How is Financial Aid Calculated
Cost of Attendance
minus
Estimated Family Contribution (EFC)
FINANCIAL NEED
includes tuition, books, fees, room/board, transportation, personal expenses
how much your family is expected to contribute to your education, considering family income, assets and living expenses.
composed of grants, loans, work study, and/or scholarships

32. How is Financial Aid Calculated
Cost of Attendance
minus
Estimated Family Contribution (EFC)
FINANCIAL NEED
$33,418
$10,000
$23,418

33. Assembly Bill 540
Undocumented students (students without US citizenship/legal permanent residence) CAN go to college.
Citizenship/residency does not affect college admission; however, these students do not qualify for federal financial aid.
Because undocumented students do not have legal residency, they are charged out of state tuition fees (at public institutions).

34. Assembly bill 540
AB540: a bill which allows undocumented students (and eligible documented students) to pay in-state tuition to make going to public CA colleges & universities more affordable.
Eligibility:
Must have attended a CA high school for 3 years and receive a HS diploma.
Must file an AB540 affidavit with the school the student will be attending .

35. Assembly bill 540
Undocumented students must find other sources of funding such as scholarships that do not require Social Security Numbers.
AB540 undocumented students can apply for STATE financial aid using the California Dream Application.
Useful undocumented student websites:

36. California Dream Act Became law through the passage of…
AB 130: Allows AB540 students to apply for and receive non state funded scholarships for public colleges and universities.
AB 131: Allows AB540 students to apply for and receive state-funded financial aid such as institutional grants, community college fee waivers, Cal Grant, and CHAFEE Grant.

37. CA Dream Application
Students apply between October 1st- March 2nd at this website which is similar in format to the FAFSA
Highly recommended that you ask for assistance from college staff at your high school with the application process and other resources

38. Last Stretch! Helpful Tips
File the FAFSA/CA DREAM App when it opens in OCTOBER! DO NOT WAIT until the March 2nd deadline! Your financial aid offer will be significantly affected if you do not take this seriously.
Apply for FAFSA at , not .COM! The .com site will charge you money to file your FAFSA (the first “F” is Free…)

39. Last Stretch! Helpful Tips
Students! Get involved in extracurricular activities. This will give you a better shot at winning scholarships when you apply for them. (sports, volunteer work, clubs, part time job)
Apply for scholarships whenever you have the opportunity! All of that FREE money added up can make a big difference.
Apply to local scholarships! Less competition. 

40. Cash for college Nights
Cash for College Nights are financial aid events for students & parents (Jan – Feb)
A thorough overview of the financial aid application is covered by financial aid experts
On the spot financial aid application assistance will be provided
Offered at Balboa, Galileo, Washington, Burton, Marshall, Mission, Jefferson, & more!

41. Questions?
Thank you for coming!