1. Aldine ISD Guidance and Counseling Department
Funding you Child’s
Education
Aldine ISD Guidance and Counseling Department

2. What is Financial Aid?
Financial Aid is money that students receive to assist them in paying for their college education.

3. Types of Student Financial Aid
Grants- Free money
Scholarships- Free Money
Loans-Borrowed Money
Subsidized
Must demonstrate financial need
Payment begins when you leave school
Unsubsidized
No financial need has to be demonstrated
Payment begins immediately
Employment/Work Study

4. Key Things to Remember Myths: Truths
We make too much money, so we will never qualify.
Only people with high GPA’s receive scholarships.
You can only receive financial aid if you pay someone to help you find it.
Truths
Anyone can receive financial aid
Scholarships are not solely based on GPA
You do not need to pay anyone to help you complete your FAFSA/TAFSA or for scholarships

5. How Do I Apply for Financial Aid?
Complete the FAFSA (Free Application for Federal Student Aid
Apply anytime after January 1 of senior year
Parent and students must complete FAFSA
Apply online at
CSS Profile
Select colleges require the CSS Profile
Visit for details

6. How Do I Apply for Financial Aid?
TAFSA – Texas Application for Student Aid
Apply anytime after January 1 of senior year
For undocumented students go to AIE.org for application
Application must be copied and mailed to each college/university.

7. What is the FAFSA?
This application is required to be completed to receive most federal and state aid
The U.S. Department of Education determines the estimated family contribution (EFC).
Parent and Student income and assets
Number of household members
Number in college

8. The FAFSA ONLINE What do you need when filling out the FAFSA?
Income Tax forms – from the parent and student
1040, W-2 from most current year
Social Security numbers- from parent and student
Date of marriage, divorce or separation – from parent
Total current balance of cash/savings and the value of investments.

9. Federal Student Aid ID (FSA ID)
Student and parent need a FSA ID.
Will be used multiple years.
Used to sign FAFSA electronically—required for online signature
Apply NOW or apply at the end of the application
FSAID.ED.GOV

10. How Is My Information Used?
your need is calculated based on the following formula:
Cost of Attendance
Expected Family Contribution (EFC)
= Financial Need

11. FREE Application for Federal Student Aid
CAUTION!!!
Avoid being charged a fee to file the
FREE Application for Federal Student Aid
Completion and processing of the FAFSA are FREE
If filing via FAFSA on the Web, be sure to go directly to

12. What Happens After I fill out the FAFSA?
Universities will sometimes request additional information (Verification Form)
You may be asked for a copy of the tax transcript or other information
College will notify via , Web or mail of aid eligibility
Student should follow colleges’ instructions to accept or decline aid offered.

13. How is Financial Aid Awarded?
Colleges listed on the FAFSA will receive the electronic Student Aid Report (SAR).
You can list up to 10 schools.
Schools use the information on the SAR to prepare a financial aid package to help meet your financial need.
A financial aid award letter is sent to the student
Colleges may offer a combination of several types of financial aid
Student must accept or reject financial aid offered
Funds are awarded in the fall
How is Financial Aid Awarded?

14. Cost of Attendance Tuition and fees Room and board
Books, supplies, transportation, and miscellaneous personal expenses, including documented costs for a personal computer

15. College Costs University Cost of Attendance Baylor University $54,160
Lone Star College
$6,298
Prairie View A & M University
$21,747
Remington College
$31,998
Rice University
$58,283
Sam Houston State University
$22,690
Texas A & M University
$24,024
University of Houston
$22,463
University of Texas
$28,234

16. Savings 529 Plans Scholarships
Other Funding Sources
Savings
529 Plans
Scholarships

17. SCHOLARSHIPS

18. SCHOLARSHIPS Non Institutional Institutional
Competitive
Awards based on
Athletics
Merit
Need
Talent
Community Service
Most are looking for the well rounded student
Non Institutional
Awarded by:
Corporations
Local, State or National Organizations
Civic groups
churches
May be used at any school
Institutional
Awarded on behalf of the university/ college
May only be used at that school

19. So where do I find scholarships?

20. District Website

21. Scholarship Application Process
Get a copy of the app
Find out requirements
Complete the scholarship application
Gather all required supporting documents
recommendations, transcripts, photo, etc.
Mail completed application with all documents before scholarship deadline or submit all information online
Students are responsible for mailing scholarship applications unless otherwise specified

22. Scholarship Application Tips
Read all requirements and directions carefully.
Type your application
If you cannot type your application please print neatly and legibly.
Most applications are submitted on-line
Complete the entire application. Do not leave any blanks.
Use black ink unless otherwise specified.
Ask for Letters of Recommendation early (NOW).
Develop a resume with all extra-curricular and community service activities, facts about yourself (strengths , weaknesses, leadership ability.
Watch for deadlines! Know the difference between post mark deadline and In-office deadline.

23. Potential “Scams” “The scholarship is guaranteed or your money back.”
No one can guarantee your scholarship before it is awarded.
“Come to our free seminar and we’ll show you how to get more financial aid.”
This is a sales pitch. Don’t pay for information that you can get elsewhere for free.

24. What Should We Do Now?

25. Parent Remind 101

26. QUESTIONS
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