1. Student Financial Aid Applying for Financial Aid Presented by the Texas Association of Developing Colleges East Texas Educational Opportunity Center A Federal TRIO Program funded by the US Department of Education

2. How Will You Pay for College?

3. What is Financial Aid? Money/Resources to pay for college o Grants and Scholarships o Work Study employment – work for a paycheck o Loans – repay with interest o Tax Credits and Deductions

4. Need based –Pell Grant –Supplemental Educational Opportunity Grant (SEOG) –Academic Competiveness Grant (ACG) –Science/Math Access to Retain Talent Grant (SMART) –Work Study –Subsidized Direct Loan –Perkins Loan Non-need based –Unsubsidized Direct Loan/Parent Loan Federal Financial Aid Programs

5. Towards Excellence, Access and Success (TEXAS Grant) Texas Educational Opportunity Grant (TEOG) Texas Public Education Grant (TPEG) Texas Equalization Grant (TEG) Texas Work Study State Tuition Waivers/Exemptions Various State Scholarships Texas B-on-Time Loan College Access Loan (CAL) Health Education Loan Program (HELP) State Financial Aid Programs

6. 2007 – 2008 Financial Aid Distribution Undergraduate Students (Latest Data Available) Source: Institute of Education Sciences US Department of Education – NCES 2009

7. Scholarships Financial Need Artistic Talents Academic Excellence Demographic Indicators Athletic Talents Community Service

8. Scholarship Scams Victims of scholarship scams lose more than $100 million annually Paying money to get money is generally a scam Duplicates what you can find out for free Beware of: –Scholarships with application fee –Scholarship services who guarantee success –Sales pitches disguised as financial aid “seminars” Website: www.finaid.org/finaid/scams.html

9. Start Scholarship Search Early High School Counselor

10. Cost of Attendance Tuition and fees Room and board Books, supplies, equipment, transportation, and miscellaneous personal expenses

11. Expected Family Contribution Parent’s contribution from income/ assets Student’s contribution from income/assets Expected Family Contribution (EFC)

12. Comparing Need X Y Z Cost of Expected Family Need Attendance Contribution (Variable ) (V ariable ) ( Constant ) 1 2 3 EFC

13. FAFSA on the Web (FOTW) www.fafsa.ed.gov FREE Application for Federal Student Aid (FAFSA)

15. To Complete the 2012 – 2013 FAFSA  Social Security Number  Driver’s License Number  Selective Service Registration  Date of Parents’ Marriage, Remarriage, Separation, Di-vorce, Widow Status, if applicable  Date of Birth/Social Security Number for Parents, if applicable  Number in Parents’ Household, if applicable  2011 Tax Form (1040, 1040A or 1040 EZ) along with W-2s and Schedules for both Student and Parents  Records of Child Support, Veterans Benefits, Workers Comp, etc. received or paid in 2011  Value of stocks, bonds, CDs, real estate, businesses, etc.  Cash on hand and in Checking and Saving accounts.

16. Name/Address/SSN/DOB

17. Citizenship/Marital Status/Residency/Gender/Selective Service

18. First Generation and High School Graduation Status

19. High School/College Enrollment Information

20. Student’s Income and Tax Information

21. Student’s Asset Information Dependent students will not report INVESTMENT amounts on line #41 but will add their INVESTMENTS with parents’ INVESTMENTS on line #89

22. Student’s Income Reduction Information

23. Student’s Additional Income Information

24. Questions to Determine Student’s Dependency Status

25. PARENTS are birth or adoptive mother and father/ stepmother and stepfather, if applicable. Grand- parents, siblings, guardians, other relatives or friends cannot be reported in this section.

26. More about “Parents” in Completing the FAFSA 58-59

27. Parent’s Household Information

28. Parent’s Tax Status and “Dislocated Worker” Status

29. Parent’s Income and Asset Information Dependent students will not report INVESTMENT amounts on line #41 but will add their INVESTMENTS with parents’ INVESTMENTS on line #89

30. Parent’s Income Reduction Information

31. Parent’s Additional Income Information

32. This section is for INDEPENDENT STUDENTS only! (When Parent Information Is Not Required on FAFSA)

33. List of Colleges to Receive FAFSA Information (Up to 10 Colleges Can Be Listed Online) LIST SCHOOLS IN ORDER OF PREFERENCE

36. WHAT’S NEXT?  You will receive a SAR (Student Aid Report)—either postal or electronic delivery.  The Financial Aid Office of the college(s) you listed will receive an Electronic SAR (ISIR).  If required to verify the information you reported on the FAFSA (the process is called “VERIFICATION”), you will be asked to forward copies of signed Tax Returns, printouts of Child Support, Workers Comp, Veterans Benefits, etc. to show that the FAFSA was properly completed.  The Financial Aid Office will provide an “Award Letter” either by mail or through their on-line services to specify the source(s) and the amount(s) of financial aid you will receive. BE SURE TO RESPOND QUICKLY TO REQUESTS FOR ADDITIONAL INFORMATION OR FORMS COMPLETION.

37. KNOW HOW TO ACCESS INFORMATION Once you’re accepted for admission, you’ll receive information about accessing student information. This allows you to: Check your admission status for missing documentation Sign up for Testing/Orientation, if applicable Check your financial aid status for missing documentation Accept or Decline your Financial Aid Offers

38. CONTACT OUR OFFICE 2009-C South Mobberly ( Located between Manly’s Furniture Store & Tex-Mex Restaurant and across the street from LeTourneau University) Longview, Texas 75602 Phone: 903.757.9660 Fax: 903.757.9663 www.txadc.org