Presentation on theme: "May 17, 2015 WILL YOU BE READY?. HAVE YOU PREPARED??? FINISH STRONG THIS SEMESTER – ALL GRADES ARE IMPORTANT, SOME WILL SEAL YOUR FATE!! REGULAR ATTENDANCE."— Presentation transcript:
HAVE YOU PREPARED??? FINISH STRONG THIS SEMESTER – ALL GRADES ARE IMPORTANT, SOME WILL SEAL YOUR FATE!! REGULAR ATTENDANCE IS IMPORTANT! POST HIGH SCHOOL EDUCATION APPLICATIONS? TRANSCRIPTS SENT? ACT TAKEN? Feb. 7 ( Jan. 9) Apr. 18 (Mar. 13)
STILL PREPARING? FAFSA NEEDS TO BE COMPLETED AS SOON AS POSSIBLE! March 1 priority COLLEGE ADMISSIONS COMPLETED – February 1 priority deadline COLLEGE VISITS Financial Aid Visit with Department of Major Visit with academic adviser
How the average American family pays for college based on 2013-2014
TYPES OF AID MERIT-BASED: SCHOLARSHIPS NEED-BASED: GRANTS LOANS WORK-STUDY
SOURCES OF AID FEDERAL: PELL GRANTS, WORK STUDY, STAFFORD STUDENT LOANS STATE: FOR EXAMPLE, TEACHING, NURSING INSTITUTIONAL: SCHOOL AWARD BASED ON ACADEMICS, ATHLETICS, ACTIVITIES, LEADERSHIP, ETC. PRIVATE SCHOLARSHIPS: CHAMBER OF COMMERCE, HAYSVILLE LIBRARY FOUNDATION
GOOD DEBT VS. BAD DEBT In the 2007-08 academic year, the median debt load was about $7,960 for public institutions, $17,040 for private, not-for-profit institutions and $31,190 for for-profit institutions. The figures include students who graduated with no debt.
FEDERAL STUDENT LOANS Anyone filing the FAFSA is eligible for Stafford Federal Student Loans Subsidized loans Interest waived until 6 months after you stop taking classes Unsubsidized loans Interest charged quarterly Interest rate for both currently 4.66%
FAFSA: FREE APPLICATION FOR FEDERAL STUDENT AID www.pin.ed.gov www.fafsa.gov DO THE WORK ONLINE AS SOON AS TAXES ARE FIGURED AND SUBMIT IT!
NEED HELP????? Attend College Goal Sunday on February 22 from 2-4 pm Evergreen Neighborhood Resource Center 2700 N Woodland Wichita Area Technical College 4004 N Webb Rd You and your parents should attend Bring your completed 2014 taxes or all tax paperwork, and pin numbers (www.pin.ed.gov)www.pin.ed.gov
NEED MORE HEIP????? Contact the financial aid office at the college or tech school you plan to attend. Contact the counseling office. We can help you and have computers available. Your teachers can help you. They are familiar with the FAFSA.
STILL NEED MORE HELP? FAFSA help will be available in the counseling office on February 11 from 5-8 p.m. Campus counselors will be available to help students and parents with their questions Computers will be available for your use in getting your PIN numbers or filing your FAFSA forms.
STUDENT AID REPORT (SAR) Your student aid report will be sent to the colleges that you requested on the FAFSA. The financial aid office will examine the SAR and determine the amount of financial aid that you will be awarded based on the expected family contribution (EFC).
Financial Need How is need determined? COA – EFC = NEED Cost of attendance includes – Tuition & fees Room & board Books & supplies Transportation MISC
COLLEGE AWARD LETTER Letter will list amounts of aid being offered: Scholarships Pell Grant Student Loans – subsidized, unsubsidized Parent (PLUS Loans) Estimated Family Contribution (EFC) Total should equal COA
DECISION TIME!!! It is your job to compare award letters from the schools to which you have been accepted and then make the decision that works best for you!!!! The sooner you make a decision the less stress you will have!
DETAILS KEEP COPIES OF EVERYTHING PIN, FAFSA, SAR, Award Letters DON’T BE AFRAID TO ASK FOR HELP MAKE THE FINANCIAL AID OFFICERS AT YOUR COLLEGE WORK FOR YOU FINAL DECISIONS NEED TO BE MADE AS SOON AS POSSIBLE
HOW TO KEEP YOUR COLLEGE COSTS DOWN Borrow only what you need to cover the cost of your education Make a budget to control your expenses Consider working part time while taking classes, just do not overextend yourself – Work Study
WHEN IN NEED TALK TO YOUR PARENTS, THEY CAN HELP YOU WITH THIS PROCESS TALK TO YOUR COLLEGE FINANCIAL AID ADVISER SEE ME FOR HELP, TRANSCRIPTS, OR ADVICE email@example.com