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CAL-SOAP PRESENTS… Financial Aid Basics. How much does college cost?

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Presentation on theme: "CAL-SOAP PRESENTS… Financial Aid Basics. How much does college cost?"— Presentation transcript:

1 CAL-SOAP PRESENTS… Financial Aid Basics

2 How much does college cost?

3 Registration Fees Only University of California $13,200 California State University $7,025 California Community College $1,104 Private Universities $32,100

4 University of California Total $33,000 Fees/ Tuition $13,200 Books and supplies $1,550 Room and board $13,400 Transportation $1,300 Miscellaneous $3,550

5 Cal State Total $24,394 Fees/ Tuition $7,025 Books and supplies $1,666 Room and board $10,924 Transportation $950 Miscellaneous $3,829

6 Community College Total $15,129 Fees/ Tuition $1,104 Books and supplies $1,675 Room and board $7,900 Transportation $1,200 Miscellaneous $3,250

7 How do I pay for college?

8 Paying for Your Education Federal Aid Grants Scholarships Loans Personal Savings

9 Free Application for Student Aid Federal and State Financial Aid What is FAFSA?

10 Make-or-Break Criteria We provide information about: Postsecondary Education Financial Aid Package determined by FAFSA Cal Grants Federal Loans and Grants College and University Grants Federal Work Study Parent PLUS Loan

11 How the FAFSA determines your Financial Aid The amount of money you receive is based on your Expected Family Contribution (EFC) EFC= The amount your family is expected to pay for your college based on family income Total Cost of Attendance Expected Family Contribution (EFC) Financial Need

12 For Example You have 3 colleges in mind UCSD [living on campus] $31,700 $23,444 SDSU [living on campus] $1,000 Mesa College [living at home] $1,000 $30,700 $22,444 $11,445 Cost of Attendance EFC Financial Need $1,000 $10,445

13 College Costs in Thousands COA EFC Federal Eligibility COA - EFC = Federal Eligibility Cost of Attendance – Expected Family Contribution = Federal Eligibility 30 20 0 10 15 (For grants, scholarships, work-study, and loans) (Tuition/fees, residence, meals, books, transportation, and personal expenses) (9)

14 What should I do next?

15 Apply January 1 st - March 2 nd First come first serve! Complete the FAFSA at www.fafsa.ed.gov

16 Student and a Parent MUST get a PIN number to sign FAFSA online! Get your PIN numbers NOW! www.pin.ed.gov

17 Get a PIN for yourself and one parent (custodial): www.pin.ed.gov Step 1 (optional): Print out a FAFSA on the web worksheet online http://www.fafsa.ed.gov / / Step 2 Complete the FAFSA online before March 2 www.fafsa.ed.gov Step 3

18 Review your Student Aid Report (SAR) Receive financial aid packages from each of your colleges of interest Step 4 Step 5

19 To apply for a Cal-Grant. Submit electronically or mail Begin submitting November 2012 Deadline for submission is March 2, 2013 Submit GPA Verification Form

20 www.scholarships.com www.collegenet.com www.fastweb.com Cal-SOAP www.collegeboard.com Counselors and Teachers Scholarship Books Finding Scholarships

21 financial aid application administered by the College Board required by some independent colleges and scholarship organizations to award private aid. Available online at https://profileonline.collegeboard.com. https://profileonline.collegeboard.com There is a fee to apply and fee waivers are available. Deadline for submission varies by institution. CSS/ Financial Aid Profile

22 Cash For College Workshops Flyer

23 Contacting Cal-SOAP… Find our representatives at local Cal-SOAP college and career events.  For events and general college information: www.sandiegocalsoap.com www.sandiegocalsoap.com Questions? Call our office: (858) 569-1866


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