1. College Financial Aid Helping Your Students www.hesc.org College Financial Aid Helping Your Students www.hesc.org

3. NYS Resident?

4. What is Financial Aid? Scholarships Grants Loans Employment opportunities

5. Goals of Financial Aid To assist students in paying for college by: evaluating family’s ability to pay for educational costs distributing limited resources in an equitable manner providing balance of gift aid & self-help aid

6. Student Financial Aid from: –New York State –Federal Government –Colleges –Private Sources

7. Government Sponsored Financial Aid Programs –Provide 2/3 of all student aid –Many students are eligible –Must apply to find out

8. To receive federal aid students must: –have a high school diploma or General Education Equivalent (GED) Certificate –be enrolled or accepted for enrollment as a regular student working toward a degree or certificate in an eligible program –be a U.S. citizen or eligible non-citizen –provide driver’s license number, if applicable

9. and… have a valid Social Security Number make academic progress register with Selective Service, if applicable sign a statement of educational purpose and a certification statement on overpayment and default (both of which are found on the FAFSA) not have eligibility suspended due to drug- related conviction

10. New York State aid In addition to the above, students must: –be a New York State Resident –attend an eligible school in New York State –meet other eligibility criteria for specific programs

11. Definition of Need Cost of attendance (COA) – Expected family contribution (EFC) = Financial need

12. Cost of Attendance Tuition & Fees Books & Supplies Room & Board Transportation Miscellaneous Personal Expenses Loan Fees Expenses Associated with a Disability Dependent or Elder Care Expenses Expenses for Study Abroad or Cooperative Education Programs

13. GRANTS Usually based on need; sometimes on other factors. –money given to student to help pay for college. –money does not have to be repaid. –examples: federal Pell Grant (federal) Tuition Assistance Program (TAP) (NYState)

14. Federal Pell Grant Program awarded to eligible undergraduates pursuing a first baccalaureate or professional degree up to $ 4,371.00* maximum (2008-09) $ 5.350.00 maximum (2009-10) portable (school to school) college aid administrator determines actual award amount based on COA, enrollment status, and EFC

15. New York State Tuition Assistance Program TAP

16. To get TAP, the student must: Be a US Citizen or eligible non-citizen Be a legal resident of New York State Study full time – at least 12 credits per semester at an approved postsecondary institution in NYS Be a high school graduate, have a GED or pass a federally-approved Ability to Benefit exam

17. …and: Be matriculated in an approved program of study and be in good academic standing Have at least a cumulative “C” average after receipt of two annual payments of TAP Be charged at least $200 tuition per year Not be in default of a student loan guaranteed by HESC and not be in default of any repayment of state awards Meet income eligibility limitations

18. How much TAP can a student get? Dependent Undergraduate Students Award Range: $500 - $5,000 Independent Undergraduate Students Award Range: $500 - $3,025 Graduate Students Award Range: $75 - $550

19. How much TAP the student gets depends on: Type of academic institution and tuition charge NYS net taxable income – up to $80,000 combined family income for dependent undergraduate students or students who are married or have tax dependents - up to $10,000 for single financially independent undergraduates with no dependents

20. How to Apply for TAP

21. Start with FAFSA

22. Yes; there’s still a Paper FAFSA

23. After completing the FAFSA, look for -

24. If your students choose not to use the TAP link on the FAFSA Confirmation Page, they have to wait 3 business days before using TAP on the Web (TOTW) Tell them to go to www.tapweb.org

25. When the FAFSA processor sends data and a valid EFC is released to HESC, HESC will: e-mail student with link to TOTW site or mail a postcard to students with no e-mail address after 7 days send another e-mail or postcard after additional 7 days send paper TAP application – cover letter again encourages TOTW and includes link

29. What Happens Next ? Online Changes

32. Not Full-time? Part-Time TAP & Aid for Part-Time Study (APTS)

33. Aid For Part-Time Study (APTS) Up to $2,000 per year for part-time undergraduate study at participating institutions in New York State APTS award is based on New York State net taxable income Campus-based application, & award process –HESC distributes APTS funds to participating colleges in New York State –Colleges award APTS based on funds availability and student need.

34. Part-Time TAP Partial TAP payment for students taking 6 to 11 credits must have earned 12 credits or more in each of two consecutive semesters; and maintain a minimum “C” average Standard TAP application process

35. More New York State Grants, Scholarships, and Awards

36. Other Grants, Scholarships, and Awards from New York State New York State World Trade Center Memorial Scholarships Military Service Recognition Scholarship Memorial Scholarship New York State Volunteer Recruitment Service Scholarship Scholarship for Academic Excellence Regents Professional Opportunity Scholarship Persian Gulf Veterans Tuition Awards NYS Regents Health Care Opportunity Scholarships Vietnam Veterans Tuition Awards Robert C. Byrd Honors Scholarship NYS Math and Science Teaching Incentive Scholarships Flight 587 Memorial Scholarship Go to www.hesc.org

39. Calculators to estimate financial aid eligibility available at www.hesc.org

40. Key Questions for Education Loan Borrowers

41. Tips apply every year meet all deadlines keep copies of all forms contact the college financial aid administrator if your financial situation changes

42. Financial Aid helps pay for college, but… it may not pay the entire cost savings are important if you start early, even a small regular contribution can make a BIG difference

43. Resources for Counselors

44. www.college.gov

45. College Navigator

46. Counselor Tools

47. HS Counselors’ Toolbox

48. Counselor Newsletter

49. College and Career Planning

50. College & Career Planning Information

51. College Planning HESC has great free college planning information –College Fairs –How to Choose a College –High School Calendar –HESC’s E-Library Links to other sites –Mapping Your Future

52. HESC’s E-Library/Podcasts

54. The Path To College

55. College Board’s “My Roads”

56. What Do They Want to Be?

57. Career Planning Find career planning information at hesc.org including links to other sites –Mapping Your Future Career Ship (MYF) Show Me The Future (MYF) –Occupational Outlook Handbook (Us Dept. Of Labor) –Career Zone (NYS Dept. Of Labor) –College Board’s “My Roads”

58. NY Career Zone

59. Occupational Outlook

60. MYF’s CareerShip Choices: Review careers by cluster Review featured career Match career to interests Career search Information: Description Tasks Wages Career outlook Interests Education Knowledge Skills Similar careers

61. Show Me the Future SM Online life skills and financial literacy game: showmethefuture.org Helps students learn basic skills in financial planning, goal setting, and decision-making –Cost of living –Budgeting –Difference between wants and needs –Importance of financial planning –Need to set career goals –Value of higher education Helps students envision their futures

64. Financial Literacy Skills and Your Students… Now More Than Ever!

65. Financial Awareness and Consumer Training for Students (FACTS) Develops financial literacy for your students at your campus. Professional staff from HESC will provide training for you, your staff and your students. Money Wise 411 is designed specifically for high school students in order to develop skills and avoid credit card debt!

66. Training Outline: Importance of Completing High School/College Identify Needs vs. Wants Develop a Spending Plan Use of Debit vs. Credit Prevent Identity Theft

67. School responsibilities: Ensure Attendance!!! Distribute Surveys

69.  Anita Phillips—Director, Consulting Services (518) 474-2851 Pamela Jerome - Manager, Consulting Services (518) 402-3524 FACTS Contacts

70. Questions? www.hesc.org