1. WELCOME!
Rosie Castaneda
Assistant Director
September 26, 2017

3. What is the Purpose of Financial Aid?
Access to funds to help families pay.
4 year public and private colleges
Community colleges
Private career colleges
Choice among schools.
Best academic/cultural/social fit
NOT necessarily the least expensive

4. Comparing Estimated 2017-18 College Tuition Costs
Community College
$1,104
CSU
$7,460 UC
$12,630
Private
$40,000+
Additional Costs of Attendance (9-month academic year):
Other college fees $1,420
Books & Supplies $1,198
Room & Board $12,000 – $15,000
Transportation $505 - $1,439
Personal Expenses $1,500 - $3,000

5. Comparing Estimated 2017-18 Cost of Attendance
Includes: Tuition & Fees
Room & Board
Books & Supplies
Transportation
Personal Expenses
Community College
CSU UC
Private
TotalCost
$17,000
$27,000
$31,000
$59,000

6. Expected Family Contribution (EFC)
Amount family can reasonably be expected to contribute over the course of a school year
Stays the same regardless of College attending
Two components
Parent Contribution
Student Contribution
Calculated using data from FAFSA/Dream Act Appl
applying a formula established by Congress

7. - Expected Family Contribution
What is Financial Need?
Cost of Attendance
- Expected Family Contribution
= Financial Need

8. Sources of Financial Aid
Federal Government
State Government
College or University
Private Agencies

9. Types of Financial Aid
Gift Aid: Grants or scholarships that do not need to be repaid and tuition
waivers or other benefits. (Pell Grant, Cal Grant, VA waivers)
Work-Study: Money earned by the student as payment for a job on or off campus.
Loans: Borrowed money paid back with interest.

10. Types of Financial Aid Gift Aid Self-Help Aid Scholarships Grants
Loans
Student Employment
Gift Aid
Self-Help Aid

11. UC’s Commitment to California Residents
Family income of less than $80,000
Qualify for need based financial aid (apply on time, apply for Cal Grant, etc.)
If your existing aid from all sources does not cover your UC System wide tuition/fees ($12,630 for ) the Blue and Gold Plan covers the balance up to your financial need!

12. New Middle Class Scholarship
Helps to pay a portion of UC or Cal State tuition if :
California resident
Total family income of between $80K - $156K and total
Household assets of $156K or less
Qualify for financial aid (apply on time, apply for Cal Grant, etc.)
Not already receiving grants and scholarships that equal systemwide tuition and fees ($12,630 for UC; $7,460 for Cal State for )
See more information at

13. How Does a Student Apply for Financial Aid?
Complete a FAFSA or DREAM Act Application
October of the SENIOR year in High School
FAFSA.GOV
DREAM.CSAC.CA.GOV

14. Which Application?
The status of the STUDENT (not the parent) determines which application the student should file.
U.S Citizens or Permanent Residents apply using Free Application for Federal Student Aid (FAFSA).
Students without lawful immigration status who are AB 540 eligible apply
using the CA Dream Act application.

15. CA Dream Act: Who is Eligible to Apply
AB540 Requirement:
Students who attended a California high school for at least three full years
Graduated from a California high school or attained the equivalent prior to the start of the college term.
If applicable, complete an affidavit with the college stating intent to legalize immigration status as soon as eligible to do so.

16. Application Information & Tips
Applications available October 1st
File early, but no later than March 2, 2017 for Cal Grants
Check with your college regarding other deadlines
Student and at least one parent whose information is reported must complete and sign the FAFSA

17. It Takes 2 by March 2 FAFSA or DREAM APP
Cal Grant GPA Verification Form
Most high schools will automatically send the Cal Grant GPA to the California Student Aid Commission. We encourage your student to verify with their high school counselor that they have indeed submitted their GPA verification.

18. Additional College Applications
Independent/Private Colleges May need to complete additional forms:
CSS Financial Aid Profile
Institutional Financial Aid Form
Scholarship Applications

19. FAFSA Filers Create an FSA ID
You will be asked to provide:
Your
Create a Username
Set a Password

20. Getting Ready Before starting the FAFSA, gather:
Student driver’s license
Student Alien Registration Card, if applicable
Student and Parent
Social Security cards
2016 W-2 Forms and records of money earned and other taxable benefits
2016 federal income tax form
Records of untaxed income
Current bank statements
Business, farm, and other real estate records
Records of stocks, bonds, and other investments
Create a file for copies of all financial aid documents submitted

21. Verification for Financial Aid
It is important for the student to contact the Financial Aid Office at the college or university they will be attending
Verify the application was received
Submit any documents the Financial Aid Office may require
If your student is selected for verification, help them. Provide them with any parental documentation they may need to fulfill the verification process
Financial Aid Administrators are available to help you. If you are confused about the process, DO NOT hesitate to contact the Financial Aid Office.

22. Keep In Mind Student’s name and ID on everything
Remember to keep a copy of everything
Stay in touch with each office at college – Financial Aid, Admissions, Housing, Others
Remember Deadlines – March 2nd and other school deadlines
Re-apply each year

23. Scholarships
Available from colleges, companies, Community-based and other organizations.
Usually require separate applications (the UC Admissions Application is your Scholarship Application)
Beware of scholarship search Companies that charge a fee.
Check with your high school counselor about scholarship opportunities. Be persistent and check regularly.
Make use of free reliable online web resources.

24. Free Scholarship Searches
bigfuture.collegeboard.org

25. Scholarships for AB540 Students

26. Special Circumstances
Contact the Financial Aid Office and describe the
Special Circumstances in writing
Loss of income
High Medical/Dental Expenses
Change in Marital Status

27. Financial Aid—Investing in Your Future!