1. Senior Presentation

2. Financial Aid (What is it?)  Financial aid is money given or loaned to help pay for college.  It can come from federal & state governments, colleges, and private and social organizations.

3. Financial Aid Terms  Cost of Attendance (COA) – The total amount of college expenses. Includes:  Tuition and fees  Books  Room & board  Transportation  Miscellaneous personal expenses  Grant – Financial aid that does not have to be paid back. (i.e. Federal Pell Grant and Federal Supplemental Educational Opportunity Grants (FSEOG)

4.  Loan – Money you borrow from the government, a bank or another source. (Unsubsidized and Unsubsidized)  Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need.  Your school determines the amount you can borrow based on your cost of attendance and other financial aid you receive.  You are responsible for paying the interest on a Direct Unsubsidized Loan during all periods.  If you choose not to pay the interest while you are in school and during grace periods and deferment or forbearance periods, your interest will accrue (accumulate) and be capitalized (that is, your interest will be added to the principal amount of your loan).  Subsidized loan - Direct Subsidized Loans are available to undergraduate students with financial need.  Your school determines the amount you can borrow, and the amount may not exceed your financial need.  The U.S. Department of Education pays the interest on a Direct Subsidized Loan  while you’re in school at least half-time,  for the first six months after you leave school (referred to as a grace period*), and  during a period of deferment (a postponement of loan payments). Financial Aid Terms cont.

5.  Scholarship – Financial aid that does not need to be paid back. Scholarships may be awarded on merit or partial merit; proven academic or athletic ability. (public or private scholarships)  Outside Scholarship or “private scholarship” – A scholarship that is given by a private organization not the government or college.  Work-study – A program that allows students to take a part-time campus job as part of their financial aid packet.

6. How to Apply for Aid  Collect Information  Student’s and parents’ SSN and DOB  Parents’ marital status  Tax returns for student and parents  W-2s for student and parents  Records of untaxed income for student and parents bank accounts, stock, real estate, and business records for student and parents  Student’s driver’s license number  Student’s alien registration number (non U.S citizens)  FSA ID for student and one parentFSA ID for student and one parent

7. Free Application for Federal Student Aid (FAFSA)  The free application form you submit to apply for federal financial aid.  Expected Family Contribution (EFC) – A measure (number) of your family’s financial strength. States and colleges use this number to determine financial aid award.  Student Aid Report (SAR) – The report sent to your family after you submit the FAFSA that tells you what your expected EFC is.  FAFSA Sample Application FAFSA Sample Application

8. Tuition Assistance Program (TAP)  TAP Companion TAP Companion

9. CSS/Financial Aid Profile (PROFILE)  The PROFILE is a financial aid form which is only required by some colleges and scholarships.  This form has wide-ranging questions about expenses and it allows for the explanation of special circumstances, which gives families the opportunity to better represent their financial situation.  PROFILE Sample Application PROFILE Sample Application