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Financial aid.

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Presentation on theme: "Financial aid."— Presentation transcript:

1 Financial aid

2 How am I paying for college?
Out of Pocket All at once Payment Plan Scholarships State or Federal Funding

3 Types of State/Federal Funding
Grants Free money that you do not have to repay Work Study Money earned while working a part-time job - Usually on campus - Must seek employment on own Loans (optional) Borrowed money you must pay back - Accrues interest and has fees Funding is determined by your income and availability of funds.

4 How do I apply for State/Federal aid?
FAFSA Free Application for Federal Student Aid WASFA Washington Application for State Financial Aid OR Undocumented DREAMer DACA US Citizen Eligible Non-Citizen Only one application is required.

5 Applications are always free!
FAFSA.ED.GOV READYSETGRAD.WA.GOV/WASFA You must submit an application for every academic year. Applications for the following academic year open October 1. Be aware of submission deadlines!

6 After fafsa/wasfa submission
FAFSA/WASFA application and all other required documents are reviewed for conflicting information, accuracy, and completion Check your Financial Aid Portal for any missing documentation you need to submit - communications will also be sent regarding missing documents Check with the Financial Aid Office regarding application status You will receive a letter of ineligibility OR An award notification (Offer Letter/Award Letter) - Review awards on your Financial Aid Portal - they are issued for the whole academic year - Contact the Financial Aid Office if you have questions about your award Read the Conditions of Award and Satisfactory Academic Progress Policy

7 How financial aid awards are calculated
COA $12,500 - EFC $0 Need $12,500 Cost of Attendance (COA) - Tuition & Fees - Books and supplies - Room & Board/Living Expenses - Transportation - Personal Expenses related to college Expected Family Contribution (EFC) - Generated by FAFSA/WASFA based on income information Financial Need COA $12,500 -EFC $11,500 Need $1,000

8 the financial aid portal
Easily view: Outstanding required documents Updates to your eligibility Financial aid award amounts

9 Other tools/resources
Net Price Calculator (Accessed through college website)

10 Other tools/resources
Shopping Sheet (generated through financial aid portal) College Scorecard

11 What other resources can I receive?
Workforce Education Career Training Grants Certificate/AAS (prof/tech) programs Scholarships Outside scholarships Institutional Scholarships Veteran’s Benefits Check out Veteran’s Services

12 Tips Apply early! - Priority deadlines vary from school to school
Check your on regular basis Talk to an Advisor Check with the Financial Aid Office before making schedule changes after the start of the quarter Ask questions

13 Thank you! North Seattle College Financial Aid Office


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