1. Navigating Financial Aid
What you need to know
Welcome and introductions.

2. What is Financial aid?
A variety of funds to assist students and families pay for college. Parents are responsible for contribution to their dependent child’s college education. Students also have a responsibility to contribute.

3. + = Direct costs Indirect costs Cost of attendance
Tuition, fees, housing, meal plan +
Indirect costs
Books, supplies, transportation, miscellaneous and personal expenses
Based on most commonly chose meal plan/housing options and base tuition costs. =
Cost of attendance
Total estimated cost for one year

4. Expected Family Contribution (EFC)
Determines what a student and family are able to contribute. The EFC is calculated from information provided on the aid application and is the same regardless of which institution the student attends.

5. Expected Family Contribution
Cost of Attendance -
Expected Family Contribution =
Financial Need

6. Scholarships Grants Self-help Merit Talent Donor/ Departmental
External
Federal
State
Institutional
Federal Work-Study
Federal Loans
Subsidized
Parent Plus Loan
Private Loan

7. How do I apply for aid?
Free Application for Federal Student Aid (FAFSA)
Required by most institutions every year
College Scholarship Service (CSS) Profile
Required by some colleges
Institutional Application
Required by some, but not all institutions.

8. Reviewing
your aid package

9. Comparing cost: Net Price Calculator Shopping Sheet
A net price calculator provides an estimated cost of attendance and an estimated amount a student may be eligible to receive in financial aid. Just search “Net Price Calculator” and the name of the institution
Shopping Sheet
Provides a break down of your eligible financial aid award package compared to the cost of attendance to provide a net cost.
Students are not sent a paper copy of their award package but instead, can access it online through the Financial Status link on
Ohio State University makes every effort within its means to help all students with limited financial resources secure the needed funds. However, funding is limited and we are not always able to award enough financial aid to meet all needs.
Common issues if not aid package:
FAFSA not filed. File, confirm OSU School code, wait a week or so and contact SSC.

10. go.osu.edu/compareaid Comparing award packages
We will also have some worksheets available after the presentation.
go.osu.edu/compareaid

11. Out-of-pocket expenses
Understanding your award package
Cost of attendance
Federal Pell
Scarlet and Gray/FFP/President’s Affordability
Ohio College Opportunity Grant (OCOG)
Grant aid
University scholarships (Eminence, Maximus, Provost, Trustees, National Buckeye, Excellence, Prominence, Land Grant)
Departmental/Donor
Merit aid
Grants: Awarded to students with high financial need based on information from the FAFSA need. The amount awarded is limited based on federal, state and institutional awarding guidelines.
FEDERAL
Federal Pell Grant
Federal Supplemental Educational Opportunity Grant (FSEOG)
Teacher Education Assistance for College and Higher Education (TEACH)
STATE
Ohio College Opportunity Grant (OCOG)
INSTITUTIONAL
Scarlet and Gray
Freshman Foundation Program (FFP)
SELF-HELP/LOANS
When considering borrowing loans, keep in mind that loans accrue interest and must be repaid.
Make informed decisions about how much loan money you should borrow, if any, and which loan programs are best for your needs.
Detailed information about the various loan programs is available at
Federal Subsidized/Unsubsidized loans
Federal Work Study
Parent PLUS
Self-help aid
Out-of-pocket expenses

12. Responsible borrowing
Aid Resources
Responsible borrowing
Subsidized loans vs. Unsubsidized loans
When considering borrowing loans, keep in mind that loans accrue interest and must be repaid.
Make informed decisions about how much loan money you should borrow, if any, and which loan programs are best for your needs.
Detailed information about the various loan programs is available at

13. Buckeye Link Student Academic Services Bldg. 281 W. Lane Ave.
Columbus, Ohio 43210
Hours: Monday-Thursday, 9-5 Friday, 9-4
Phone: |
Web: sfa.osu.edu