1. Please silence your CELL PHONE Pickup a copy of “Funding Your Education” and other materials in the back.

2. Financial Aid Funding Your Education Danielle Bryant M-Z Randall Jackson A-L Matt Sterk 9 th Jamie Lopez CalSOAP

3. College is an Investment  High School Graduate  $ 26,699  Bachelor’s Degree  $ 48,309  Master’s Degree  $ 64,322

4. EFC  Expected Family Contribution  What the Government Expects you to contribute  Will stay the same no mater which college you attend More information on page 7

5. COA  Cost of Attendance  Tuition, Books Supplies, Housing, Food, Transportation and presonal expenses.  Your COA will vary from school to school More information on page 7

6. Your Financial Need Your COA -Your EFC ______________________ =Your Financial Need or Net Cost More information on page 7

7. 4 Types of Student Aid  Grants  Work-Study  Loans  Scholarships More information on page 9-11

8. Federal Grants  Federal Pell Grants/Free money  $5,730  Federal Supplemental Educational Opportunity Grant or FSEOG  $100 - $4,000 More information on page 8

9. Cal Grant Income and Asset Ceilings For New and Renewing Applicants – Dependent students and Independent students with dependents other than spouseCal Grant A and C B Family size: Six or more $105,000 $57,800 Five $97,500 $53,500 Four $91,000 $47,800 Three $83,300 $43,000 Two $81,800 $38,200

10. WWW.CSAC.CA.GOV

11. Cal Grant A Additional Eligibility Criteria: Meet income & asset ceiling (demonstrate financial need) 3.00 minimum high school GPA Pursuing AA and BA programs only Annual award amounts may be: Used for tuition and/or fees only Held in reserve while attending community college CSUUCPrivate $ 5,472/yr$ 12,192/yr$ 9,084/yr More information on page 6

12. Cal Grant B Low income students who: Meet the income and asset ceilings 2.00 GPA minimum AA, BA/BS and Certificate programs Annual Awards $1648 stipend first year Fees/Tuition plus $1648 in 2 nd, 3 rd, 4 th years Available as Entitlement & Competitive Awards More information on page 6

13. Cal Grant C Low and Middle income students who: Enroll in vocational courses of study AA and Certificate programs only Can be used for any school expenses including tuition and fees Eligibility determined only after application is given Cal Grant A and B consideration More information on page 6

14. Cal Grant Guarantee ■ You’re guaranteed to receive a Cal Grant award if you: ♦are a high school senior or recent graduate, ♦apply by March 2, ♦graduate from a California high school, ♦meet income and asset ceilings ♦meet all other eligibility requirements, and ♦have financial need based on your college costs and your expected family contribution More information on page 6

15.  Make sure your graduating senior includes their high school on the FAFSA THS’s code is (053490)  CSAC can then match between GPA and FAFSA information  CSAC will be able to report to schools on missing GPAs and missing FAFSAs High School Entitlement Awards

16. Tracking your Cal Grant ■ Track your Cal Grant and/or California Chafee Grant application or award ■ www.webgrants4students.org www.webgrants4students.org ♦24/7 access ♦Secure account ♦Make changes to your account ■ Avoid delays in getting your grant – keep your account updated 16

17. Work-Study  Money for college that you earn  Free Money  Financial need  Depends on your college

18. Loans  Must be repaid this is Not Free Money  Two kinds of Loans  Subsidized  Unsubsidized  $5,500 first year More information on page 9

19. ■ Federal Stafford loans ♦Subsidized Stafford loans  Based solely on demonstrated financial need  The federal government pays the interest while you are in school ♦Unsubsidized Stafford loans  All eligible students can receive them, regardless of income or assets  You’re responsible for paying the interest while in school 19 Loans More information on page 10-11

20. Repaying your loan 20

21. Scholarship Research  Contact your high school counselor and Career Center  Libraries (county and city)  Bookstores  Local organizations (church groups, clubs)  Contact parents place of employment  Contact the colleges of your choice  Visit the following websites: www.fastweb.com www.finaid.org

22. Scholarships  Merit Based  Based on Accomplishments  GPA  Class rank  Community Service  Need Based  Based on Financial Need  Cost of Attendance  Expected Family Contribution EFC  Athletic  Based on Playing College Sports

23. The California Middle Class Scholarship Starts in 2014-2015 for undergraduate students who are:  Attending a CSU or UC campus (Current, Incoming First Time Freshmen and Transfer)  From families with income less than $150k  U.S. citizens, permanent residents or Dreamers  Not incarcerated  California residents  Meet SAP  Register for Selective Service

24. The California Middle Class Scholarship Enrollment Requirements Must enroll in a CSU/UC Must be at least ½ time 1 st Undergraduate program Benefits extended to Teaching Credential Program Maintain SAP

25. Other ways to afford college ■ Private scholarships ■ National Merit Scholarships ■ Community service ■ The military ■ Credit for experience ■ Earn credit in high school ■ Cooperative education ■ Part-time work ■ Start at a community college ■ ScholarShare college savings plan ■ Company-paid education ■ Tax benefits ■ Jobs that help you repay loans 25

26. Will You Qualify for Financial Aid?  The FAFSA  www.FAFSA.ed.gov www.FAFSA.ed.gov  California Dream Application  www.caldreamact.org www.caldreamact.org  FAFSA4Caster  Get a peek into your future  www.federalstudentaid.ed.gov www.federalstudentaid.ed.gov

27. Top 10 Things You Must Do 1. Submit the FAFSA or Dream Act Application (AB540) 2. Submit college applications 3. Demonstrate financial need 4. Have a high school diploma 5. Be a U.S. Citizen or Dreamer student More information on page 1

28. Top 10 Things You Must Do 6. California Resident 7. Enroll in an eligible degree or certificate program 8. Maintain Academic Progress 9. Have a Social Security number 10. Register with US Selective Service (males 18-25) More information on page 1

29. Are you dependent or independent?  11 different ways to claim your independence  Workbook page 17  “Dependency Override”

30. How do you apply? #1  You need a Social Security number  Name must match  Get a Federal Student Aid PIN  www.pin.ed.gov www.pin.ed.gov  This is how you E-sign your FAFSA  Your financial records  An email address  Your driver’s license numberS More information on page 15

31. How do you apply? #2  FAFSA Web Worksheet  www.fafsa.ed.gov www.fafsa.ed.gov  Don’t wait to file your taxes  Cash for College  Februray 5 th from 4:30-5:30, 5:30-6:30, 6:30-7:30  Sign up tonight More information on page 15

32. How do you apply? #3  Complete the FAFSA online  www.fafsa.ed.gov or www.caldreamact.org www.fafsa.ed.govwww.caldreamact.org www.fafsa.ed.govwww.caldreamact.org  Should take about an hour  Paper FAFSA  Photocopies or faxes are not accepted  Don’t send tax forms More information on page 15-16

33. How do you apply? #4  Submit any other applications  CSS/Financial aid Profile  http://collegeboard.com http://collegeboard.com  Ask the college financial aid office More information on page 15-16

34. How do you apply? #5  Review your Student Aid Report  The federal government selects 1 out of 3 for verification  Federal tax returns with w-2 forms More information on page 18

35. How do you apply? #6  Review your California aid report  Cal Grant  FAFSA by March 2  THS will submit your GPA verification  Make corrections to FAFSA  If you were not awarded a Cal Grant  Community College by September 2

36. How do you apply? #7  Evaluate Your Financial aid Offers  Each college you list on your FAFSA  You can list 10 schools  COA might be covered by a mix of grants  Offers will vary – don’t miss deadlines  You can pick and choose the aid you want.

37. Sample financing plan http://californiacolleges.edu/finance/finance.asp 37 Student: Serena Age: 18 Status: Single (dependent on parents) Housing: At home with parents Parent income: $40,000 (A) 2011-12 CSU cost of attendance (living at home with parents): Fees/tuition: $5,472 Books/supplies/room/board/misc. expenses: $9,756 $15,228 (B) Grant assistance total Serena is eligible for grant assistance based on her family’s financial resources. The campus aid office pulls together grant aid from a variety of sources, including federal Pell Grants, state Cal Grants and the CSU’s own grant funding. $9,680 (A - B) = Net cost to family The net cost is the amount that Serena’s family must pay after need-based grants are taken into account. $5,548 MANAGING THE NET COST Parents and students work together to cover the net cost using resources provided by the college, including parent and student education loans, part-time work during the academic year, and savings from summer earnings. The net cost is not due all at once. Many costs, such as living expenses, are incurred over time. Here is a sample of how Serena’s family might cover her net cost. Serena’s parents Combination of current earnings, savings or a parent loan: Serena’s parents would be expected to contribute $926 for the year. $926 Serena Student part-time work during academic year: Student education loans: Savings from summer jobs: $0 $2,981 $1,641

38. Report Aid  If your student get a scholarship and you would like to have the scholarship printed in the senior awards night program let Mrs. Anderson in the career center know.  Parents be aware all scholarship awards must be reported to your student’s college financial aid office, including local ones.

39. Contact the counseling office  Phone 822-2146  Email rjackson@teh.k12.ca.us rjackson@teh.k12.ca.us  Email dbryant@teh.k12.ca.us dbryant@teh.k12.ca.us  See you on February 5 th  Cash for College signup tonight

40. Thank you for coming Useful Websites ♦ACT: www.actstudent.org www.actstudent.org ♦AmeriCorps: www.americorps.gov www.americorps.gov ♦Cal Grants: www.calgrants.org www.calgrants.org ♦California Cash for College workshops: www.californiacashforcollege.org www.californiacashforcollege.org ♦College Board: www.collegeboard.org www.collegeboard.org ♦California colleges: www.californiacolleges.edu www.californiacolleges.edu ♦College Savings Plan: www.scholarshare.com www.scholarshare.com ♦ECMC: www.ecmc.org www.ecmc.org ♦FAFSA: www.fafsa.gov www.fafsa.gov ♦Federal Financial Aid: www.studentaid.ed.gov www.studentaid.ed.gov 40