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How do I pay for college?. Summary What Can I Do Now? Types of Aid Application Process Tips for Financial Success in College.

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Presentation on theme: "How do I pay for college?. Summary What Can I Do Now? Types of Aid Application Process Tips for Financial Success in College."— Presentation transcript:

1 How do I pay for college?

2 Summary What Can I Do Now? Types of Aid Application Process Tips for Financial Success in College

3 What Can I Do Now? Save, Save, Save!!! Get Involved Scholarship Applications High School Counselor Community Foundations Google and Online Scholarship Search Engines Warning: Should not have to pay for scholarships - Scams Create a Budget - Calculators

4 Types of Aid Merit Based - G.P.A, Test Scores Grants and Scholarships Need Based - Financial Need Grants Scholarships Loans

5 Types of Aid ● Money given, paid or loaned to help pay for college Gift Aid Grants and Scholarships (free money) Self-Help Aid Work-Study (job opportunity to earn money) Loans (money borrowed that must be repaid)

6 Application Process Admission Application Local Applications Online Applications Free Application for Federal Aid (FAFSA)

7 FAFSA www.fafsa.ed.gov www.fafsa4caster.ed.gov Expected Family Contribution (EFC) Can File earliest January 1st for Fall Semester - First Come, First Serve Special Condition Application College Goal Sunday

8 WWW.FAFSAWWW.FAFSA.ED.GOV

9 FAFSA WORKSHEET Save time by completing a worksheet before accessing FOTW Order Worksheets at www.fsapubs.org or by phone at 1-800-4-FED-AID www.fsapubs.org

10 FAFSA PROCESS Student Central ProcessorCollege

11 TEACH Grant $4000 per year - Grant - Loan if do not fulfill teaching obligation Teach at least 4 years in high need areas/low income (within 8 years of graduation) Sign Service Agreement Each Year Counseling Maintain 3.25 GPA or score above the 75th percentile on national standardized college admissions test Must document teaching service after graduation

12 Tips for Financial Success in College Watch the extra payments - Cell, Car, Credit Cards Use care when borrowing Really think about want vs need Stick to your budget Work part time Don’t stop looking for scholarships


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