Presentation on theme: "Boulder Creek High School Pathways. How will you become a productive, responsible, and contributing citizen? Who do you want to be? Boulder Creek."— Presentation transcript:
How will you become a productive, responsible, and contributing citizen? Who do you want to be? Boulder Creek Mission Statement – The Boulder Creek High School Community will provide a safe learning environment with rigorous academic opportunities for all students to graduate as productive, responsible, and contributing citizens.
What is the cost of education and training beyond high school? How can I pay for additional Education after high school What is the FAFSA?
By now you are aware of the various post-high school educational opportunities: 4 year University ▪ Private ▪ Public 2 Year college ▪ Community/Junior College Technical or Trade school
Match the average tuition cost with the correct type of educational institution*. A. 4 year public University1. $ 2781 B. 4 year private University2. $ 8655 C. 2 year College3. $14,236 D. Technical/Trade school 4. $ 4,235 *These numbers are national averages
Match the average tuition cost with the correct type of educational institution*. A. 4 year public University=$ 8655 B. 4 year private University = $14,236 C. 2 year College = $ 2781 D. Technical/Trade school = $ 4,235 *These numbers are national averages
There are many ways to pay for college Savings Work Scholarships Federal Grants Federal Student Loan Private Loans
Savings – Money put aside over time with the intention of spending at a later date – May, or may not, have earned interest. Work – Money earned from tasks performed, intended to spend immediately on educational needs. Federal Grant - Money available to students demonstrating financial need. Does not have to be paid back Federal Student Loan – Money provided to the student or parents to be used on educational purposes only. Must be paid back Private Loan – Money provided to the student or parents by a commercial bank or other financial institution. Must be paid back Scholarship – Money provided to the student by institutions or individuals for accomplishments. Does not have to be paid back.
Grants and Loans that can be used to pay for education can be awarded from the Government FASFA – 1 ST STEP to finding out what you are eligible for - www.fafsa.gov This REQUIRED application will enable colleges to determine what financial aid you may be eligible for. The Free Application for Federal Student Aid The Free Application for Federal Student Aid (FAFSA). http://www.youtube.com/watch?v=EpBmcyRetLk
FASFA – The Federal Government uses this tool to determine the following: How much should the student’s parents be able to contribute How much should the student be able to contribute What financial need will be unmet What type of Federal Financial Aid the student is eligible for **NOTE: Federal Aid is eligible to be granted for 4 year universities as well as 2 year colleges and trade schools.
Each applicant will receive a EFC number (Expected Family Contribution) This dollar amount will determine how much, or how little, aid a student will receive The EFC is based on Parent’s Income Student’s Income Assets of each Number of family members Number of family members attending post – high school education, at least part-time TIP! Communicate and involved your parents in this process early on.
Expected Family Contribution – the calculated amount the family can “afford” to contribute to education Financial Aid Award letter will calculate the cost of attendance – EFC to determine Financial Need. Based on FAFSA the Federal government will determine if student is eligible for grants or loans
Financial Aid is an important topic to discuss between both students and parents. By using a Financial Aid calculator families can estimate how much aid, and what types of aid, may be approved Link here to try it out! Link here to try it out! As a class use the Mock Family profile to complete the FASFA calculator
The college you have selected to receive your FAFSA will send you a Financial Aid Award Letter informing you and your family of the grants, loans, and scholarships you may be eligible for. This letter is unique to each institution and is based on the cost of attending that institution, as well as your unique financial situation.
What are the steps? November: Request a PIN December: Complete the FAFSA4caster Or Financial Aid calculator January : Complete The F ASFA February – April: Decide what institution you will attend and accept award Important dates
November: Request a PIN A Pin must be requested by both parent and student individually. Each of you will receive a unique Pin The Pin will be the unique, secure way that you or your parent can access your FAFSA This is a permanent number that may be used for several years, don’t lose it!
December: Complete the FAFSA Calculator Complete the FAFSA4caster Determine what schools you will want to receive your FAFSA results. Up to 6 schools can be designated to receive your scores. ** These schools can include 4 year universities, 2 year colleges, and trade schools.
January/February: Complete the FAFSA The FAFSA has to completed on line www.fafsa.gov You will need the following: Parents’ tax information Student’s tax information Additional Family information Wait to receive your Financial Aid Award Letter.
Spring of your Senior year: Decide what your post-high school plans are. Finalize your enrollment plans if you are attending a post-high school college/institution Accept Financial Aid award..
Key steps to financing a Post-High School education: Start early in your senior year Determine what institution you want to attend Involve your parents by completing the FAFSA together http://www.youtube.com/watch?v=031zj-PqveU http://www.youtube.com/watch?v=031zj-PqveU (3 minute video on how to fill FAFSA out). Review your eligibility Determine what financial aid you will accept once your enroll in the institution
Please locate the reflection for today’ lesson that can be found in your packet and complete the following: 3 ideas from today 2 things you’ll use THIS YEAR 1 thing you want to examine further