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PAYING FOR COLLEGE.

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Presentation on theme: "PAYING FOR COLLEGE."— Presentation transcript:

1 PAYING FOR COLLEGE

2 $251,953,007 $251,953,007 = 2015 total

3

4 Fill Out the FAFSA: Early 2015
Free Application for Federal Student Aid FAFSA Online at fafsa.ed.gov Available October 1st Each school may have their own priority filing deadline for the FAFSA UA’s Priority Date: 3/1/2017 An Expected Family Contribution (EFC) is generated Based off 2015 tax data It determines the type of financial aid you will be eligible for Fill Out the FAFSA: Early 2015 Guaranteed Minimums for awards. SAT is CR+M Awards for school year—this award can change Can take ACT/SAT several times up until May 1. UA will always honor the highest score

5 COA - EFC = NEED Financial Need
Cost of Attendance (COA) Net Price Calculator Expected Family Contribution (EFC) Based on FAFSA Explain how need is determined. Discuss net price calculator again as tool to estimate your financial aid, scholarships, and net price. EFC is based on the FAFSA

6 COST OF ATTENDANCE

7 Wilbur Wildcat 1200 E university Blvd Tucson, AZ 85721 1885

8 COST OF ATTENDANCE Academic Year

9 https://collegegoal.az.gov/college-goal-fafsa
Need Help? College Goal FAFSA Over 30 locations throughout AZ this year University of Arizona Tucson event is November 5th One-on-one help from financial aid professionals Guaranteed Minimums for awards. SAT is CR+M Awards for school year—this award can change Can take ACT/SAT several times up until May 1. UA will always honor the highest score

10 HAVE THREE MINUTES FOR COLLEGE?
Click on the Play Button to play video, once video reaches “University Aid”, click your clicker so that the Arizona assurance graphics will appear on video. You are meant to memorize or read transcript of video Transcript: 0:08 Got three minutes? Then you’ve got time for college. 0:11 Presented by the University of Arizona’s Office of Early Academic Outreach 0:16 This is Paying for College. If you’re like most students, your biggest 0:20 concern about going to college is having the money to pay for it. But what if you knew 0:24 there were people who want to help you pay for college? 0:26 This is the idea behind financial aid. You go to college, and someone else invests in 0:31 your potential by providing you scholarships, grants, or loans. These investors include 0:36 both individuals and organizations, like foundations, companies and the government. 0:41 So what are the differences between scholarships, grants and loans? 0:45 Scholarships are merit-based, meaning you earn it through hard work, like good grades, 0:49 involvement in clubs and sports, community service or personal experiences. Usually, 0:54 scholarships are free money, meaning you don’t have to pay it back. 0:58 Grants are also free money. Grants come from either the federal or state government, and 1:02 are awarded based solely on financial need. The government can only determine your need 1:06 after you have filled out the Free Application for Federal Student Aid, which is commonly 1:10 known as the FAFSA. The FAFSA can also give you access to federal 1:14 student loans. These loans are different from car or home loans because they often carry 1:19 much lower interest rates, and can delay repayment until after graduation. There are four types 1:24 of loans: subsidized, unsubsidized, parent and private. 1:29 Subsidized loans are the best loan option, because the federal government “pays” 1:33 the interest while you’re in school. This means you don’t accrue any additional debt 1:36 from the loan until you graduate. For example, if you take a $2000 loan your 1:41 first year, you will owe just $2000 when you graduate. 1:44 Unsubsidized loans are the same, except you pay the interest, and it starts accruing when 1:51 you initiate the loan. So, if you take a $2000 loan your first year, you will owe more than 1:57 $2000 when you graduate because of interest. Parent loans are another type of loan to help 2:04 pay for college expenses. These loans are in the parent’s name, not the student’s. 2:08 For parent loans, repayment begins immediately, with interest accruing the moment you take 2:13 out the loan. The final type of loan is a private loan. 2:17 This loan can only be taken out from a private bank, and does not require you to complete 2:21 a FAFSA. Private loans often have higher interest rates, and should only be used if you have 2:25 no other options. The final form of aid is Federal Work-Study. 2:30 Work-study is also awarded through the FAFSA. However, unlike grants and loans, you do not 2:35 receive a lump sum of money. Instead, work-study aid comes in the form of a paycheck for working 2:40 a part-time job on-campus. Work-study experience is very desirable to employers because the 2:45 federal government pays 75% of the student’s wages, while the employer, which is usually 2:50 the university, pays only 25%. In addition to these opportunities, both the 2:56 University of Arizona and Arizona State University have programs that can assist students from 3:01 low-income families. The Arizona Assurance program ensures that students admitted to 3:06 the UA will be able to attend the University for four years, with little or no debt upon 3:10 graduation. The university meets their financial need with scholarships, grants, and federal 3:16 work-study opportunities. 

11 Students Parents Work Study Scholarships Grants ACCEPT YOUR AID
July 2017 Scholarships Automatically Accepted Grants Students Accept Your Loan(s) Parents Student provides parent guest access Work Study Accept your work study Some aid does not require you to take action to accept, other forms of aid do require action.

12 Wildcat Excellence Awards
Merit-Based Award for Incoming Freshmen Unweighted GPA Test Scores (ACT/SAT*) Rigor of Coursework $1,500-$12,000 renewable award *Note that SAT is CR+M Guaranteed Minimums for awards. SAT is CR+M Awards for school year—this award can change Can take ACT/SAT several times up until May 1. UA will always honor the highest score

13 Wildcat Excellence Awards
TBD Scholarship info/grid here Guaranteed Minimums for awards. SAT is CR+M Can take ACT/SAT several times up until May 1. UA will always honor the highest score

14 Scholarship Universe UA’s Own Scholarship Matching Site
Available for admitted UA students Matches students with scholarships Use from freshmen year - grad school UA Departments & Private Awards ‘Match.com’ for UA students seeking scholarships Available Once admitted UA students Freshmen-Seniors Donors and departments give to SU—students have been awarded in areas such as Education, Engineering, Fine Arts to name a few

15 Scholarship Universe—Winning Wildcats
Kyle Harvey: Pre-Health & Nutritional Sciences Navajo Nation Scholarship American Indian Alumni American Indian Services UA College of Agriculture and Life Sciences- Nutritional Sciences awards (2) Daniels Fund Scholarship NASA (Native American Student Association) Scholarship If you could give one piece of advice to other students to help them win scholarships, what would it be?  One piece of advice I have: “Just put yourself out there”. Even if you feel that you are going to get denied, just apply because you are not for sure. If your GPA is low, they may see potential in the story you’ve provided them with about yourself. Apply for as many scholarships as possible, there is money.

16 University of Arizona Hispanic Alumni
Scholar Chain Gang Junior Honorary Richard Garcia Memorial Scholarship recipient ZonaZoo Pass Scholarship recipient Clarence L. Ashcraft Scholarship recipient McKale-Salmon/Sigma Nu Scholarship recipient G. Koch and Elsie M. Koch Memorial Scholarship recipient Dana Dobbins Student Leadership Award Scholarship recipient Zulema Felix Scholarship recipient

17 Financial Aid Releases to your student account 10 days before classes start.

18 CONTACT US OFFICE OF SCHOLARSHIPS & FINANCIAL AID 520-621-1858


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