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Financial Aid – Senior Year

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Presentation on theme: "Financial Aid – Senior Year"— Presentation transcript:

1 Financial Aid – Senior Year
Personalize it- College attending. Major. Office at School. Days and times you work. CaPROMISE Promoting the Readiness of Minors in Supplemental Security Income

2 How much does college cost?

3 Registration Fees Only
University of California $13,557 California State University $7,264 California Community College $1,104 Private Universities $32,100

4 University of California Total
$31,346 Fees/ Tuition $13,557 Books and supplies $1,509 Room and board $12,254 Transportation $771 Miscellaneous $3,255 How Universities Calculate COA (cost of attendance)

5 Total Cost of Attendance
How the FAFSA determines your Financial Aid The amount of money you receive is based on your Expected Family Contribution (EFC) EFC= The amount your family is expected to pay for your college based on family income Total Cost of Attendance EFC Financial Need

6 For Example You have 3 colleges in mind Cost of Attendance EFC
Financial Need UCSD [living on campus] $31,346 $1,000 $30,346 SDSU [living on campus] $26,679 $27,679 $1,000 $10,837 Mesa College [living at home] $11,837 $1,000

7 How do I pay for college?

8 Paying for Your Education
How you and your Family pay: Personal Savings Working through college Loans (pay back later) How the Government or Organizations can help pay (FREE MONEY): FAFSA/Dream Application Scholarships (must apply) Explain each in your own words to the students

9 Free Application for Federal
What is FAFSA? Free Application for Federal Student Aid

10 Institutional Aid & Scholarships
FAFSA Package Federal Pell Work Study Loans California Cal Grants Middle Class Scholarship Foster Youth Grant Institutional Aid & Scholarships

11 Federal Aid Pell Grant Work Study Loans Up to $5,500 Determined by EFC
Awarded by individual college Work on/off campus Amount received only if you work Loans Subsidized Unsubsidized Private

12 What should I do next?

13 Both Students and Parents must apply for an FSA ID
How to File for FAFSA… Step 1 Both Students and Parents must apply for an FSA ID Step 2 Social Security # Current (or prior year) Financial Records/ Tax Return Forms Address

14 Step 3 Step 4 Step 5 How to File for FAFSA…
Complete the FAFSA online before March 2 Step 4 Review your Student Aid Report (SAR) and California Aid Report (CAR) Step 5 Receive financial aid packages from each of your colleges of interest

15 State Aid Cal Grants: A, B, C Institutional Grant
Middle Class Scholarship Chafee Grant

16 Degree/License Pursued
Cal Grants Cal Grants A, B, & C Degree/License Pursued GPA Income

17 How to Receive Cal Grants
File for FAFSA

18 WebGrants 4 Students Create an account at www.webgrants4students.org
Monitor & Manage your Cal Grants Use to update your personal information, school changes, leave of absence, etc. Also provides resources, information, and tools to assist with the college financial aid process

19 Middle Class Scholarship
Funding provided for students from households with incomes up to $150,000 Must be a California resident or exempt from nonresidential tuition Must Maintain a 2.0 grade point average How to apply: Submit FAFSA or Dream Application by MARCH 2nd

20 How to apply for Chafee Foster Youth Grant
1 Obtain FSA ID 2 Complete FAFSA application 3 Complete Chafee Application NOTE: If you have ever been in foster care, APPLY!

21 Submit Application Online Beginning January 1st
DREAM ACT STUDENTS (no social security #) Submit Application Online Beginning January 1st Due March 2nd ***DO NOT USE FAFSA APPLICATION

22 Dream Act Eligibility Requirements
Attend a CA High School for at least 3 years OR earn the equivalent of 3 years credit 1 Graduate from a CA High School 2 File an affidavit with college or university stating that you intend to file and application to legalize your immigration status 3

23 BOG Fee Waiver What is it? Waives Enrollment Fees (tuition)
To be used only for Community College students that have financial need

24 Waives Community College Registration Fees
With SSN Pell Grant Work Study Loans Cal Grants A GPA B GPA C- 2.0 GPA Middle Class Scholarship Institutional Grant CHAFEE** Without SSN (No Federal Money) With or without SSN Waives Community College Registration Fees Filed by completing the FAFSA***

25 FAFSA Workshops


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