a financial aid & scholarship workshop 2010-2011

A Financial Aid & Scholarship Workshop2010-2011

What is Financial Aid?

Scholarships

Grants

Loans

Employment

Student Financial Aid Merit-based

academics talent athletic others

Need-based financial considerations

Where to Find Scholarships

4-year universities2-year universitiesNational, State, and Local Businesses and

FoundationsCommunity and Civic Organizations ChurchesInternet (www.fastweb.com)Private Sources

Internet Scholarship Search EnginesFinAid on the Web: www.finaid.orgCollege Board:

www.collegeboard.com/splashFastWeb: www.fastweb.monster.comScholarship Resource Network Express:

www.srnexpress.comGoCollege: The Collegiate Web source:

www.gocollege.com

What Does FAFSA Apply For?Grants Loans Federal Pell Grants Federal Supplemental

Educational Opportunity Grant (FSEOG)

Academic Competitiveness Grant (ACG)

National Science and Mathematics Access to Retain Talent Grant (National SMART Grant)

Teacher Education Assistance for College and Higher Education (TEACH) Grant

Iraq and Afghanistan Service Grants

Federal Perkins LoanStafford Loans

(subsidized & unsubsidized)

PLUS LoansConsolidation Loans

Work-Study ProgramsWork-study programs are a form of financial aid in which you perform work in exchange for money for your education. Federal government programs are the primary source of work-study, but individual states or campuses may also offer their own programs to make additional financial aid available to as many students as possible.

Year-By-Year Timeline

9th Grade YearDevelop a Four-Year Plan

Select the most appropriate diploma

Join Clubs and activities of interest

Take a career interest inventory

10th Grade YearRegister and take PSAT.

Register and take PLAN.

Look for leadership roles in clubs/activities.

Start the development of a resume.

11th Grade Year Register and take the PSAT/NMSQT.

Register and take the ACT. www.act.org

Attend college fairs.

Make college visits.

Start research about scholarship opportunities.

Select colleges that are of top interest.

Finish resume.

12th Grade YearRegister for fall testing (ACT or SAT).Attend College and Career FairStart early application process in September.Request letters of recommendations from

various sourcesApply for scholarships (most deadlines are

December 1st.)Fill out FAFSA forms and financial aid forms

from colleges (before February 1st)Request transcripts.

How Do I Apply for FAFSA?Collect your Financial information

Federal income tax returnSSN # and Driver License

Get a PIN at www.pin.ed.govFill out your FAFSA online at www.fafsa.gov

Apply on or after January 1, preceding the academic year.

Need help? Use “Live Help”icon or call 1-800-4-FED-AID.

Don’t forget to print confirmation page.Contact Other Sources (State, etc.)

Potential “SCAMS”Organizations that offer to locate more aid

and then charge you a fee.Anyone who charges you a fee:

For information about financial aidTo complete the FAFSATo apply/receive a scholarship

Organizations that guarantee you will get a scholarship or aid.

“Come to our free seminar and we’ll show you how to get more financial aid.”

ResourcesJAG Conference: Finding Money for College Powerpoint, Auburn/Opelika, 2010.Making It Count! Year By Year Timeline. http://www. makingitcount.com/parents/article/view.asp?articl eID=174.National Association of Student Financial Aid Administrators: What You Need to Know About Financial Aid Powerpoint, 2008.NCASFAA/NCSEAA: Financial Aid Presentation http://www.ncasfaa.com/docs/toc_counselors.html.U.S. Department o Education. How to Apply for Federal

Student Aid Powepoint, 2002.www.act.org