tuesday long beach cal soap college prep summer camp
Post on 24-Feb-2016
45 Views
Preview:
DESCRIPTION
TRANSCRIPT
Three Basic QuestionsO What is Financial Need?O What Types of Aid Are Available? O How do I Apply?
What is Financial Need?Cost of Attendance
– Expected Family Contribution
= Financial Need
Cost of Attendance
Estimated Total Cost of Attendance
Living On Campus
California State University (CSU)
CSULB
University of California (UC)
UCLA
California Independent College
USCFees/Tuition $6,738 $12,685 $43,722 Books and Supplies $1,666 $1,521 $1,500Room and Board $11,300 $14,208 $12,440Other $4,072 $3,585 $2,171TOTAL $23,776 $31,999 $59,883
What is Financial Need?Cost of Attendance
– Expected Family Contribution
= Financial Need
EFCO Amount family can reasonably be
expected to contributeO Two components
O Parent contributionO Student contribution
O Calculated using data from the FAFSA
O Stays the same regardless of college
Estimated Total Cost of Attendance
Living On CampusCalifornia State University (CSU)
CSULB
University of California (UC)
UCLA
California Independent College
USCCost of Attendance $23,776 $31,999 $59,883EFC $500 $500 $500Financial Need $23,276 $31,499 $59,383
What are the different types of financial aid?
Types of Financial AidO ScholarshipsO GrantsO Employment (Work Study)O Loans
ScholarshipsO Money that does not have to be paid backO Usually funded by private companies or
foundationsO Awarded on the basis of merit, skill, or
unique characteristicO May or may not have income and/or GPA
requirements
GrantsO Money that does not have to be paid backO Usually awarded through federal or state
governmentO Usually do have income and GPA
requirements
Employment / Work Study
O Allows students to earn money to help pay educational costs
O Usually has income requirementO Benefits vs. Part Time Job Off Campus
O Higher payO Flexible scheduleO On campus
LoansO Money students and parents borrow
to help pay college expenses O Repayment usually begins after
education is finishedO No income or GPA requirements
Pell GrantO Awards up to $5,550O For low income undergraduate studentsO Can be used at many schools throughout the
USAO Awarded based on financial needO Apply using the FAFSA
Cal GrantO Cal Grant A
O Pays state fees at UC & CSUO Awards up to $10,000 for California Private
CollegesO Cal Grant B
O Pays state fees at UC & CSUO Awards up to $10, 000 for California Private
CollegesO Also awards additional living stipend($1,551)
O Both have income and GPA requirementsO Apply using the FAFSA and GPA Verification
Form by March 2nd
Cal Grantin reserve
O Students can apply for a Cal Grant to be held in reserve while they attend a California community college
O Grant is held for three years
Student LoansO Subsidized = government pays
interest while you are in schoolO Unsubsidized = interest accruesO Both loans begin payback after
graduationO Low interest rates & very flexible
payback plans.
O Beware of PRIVATE PERSONAL LOANS!
Parent LoansO Must pass credit checkO May borrow up to total cost of
attendanceO Unsubsidized = interest accruesO Payback begins immediatelyO Low interest rates & very flexible
payback plans.
O Beware of PRIVATE PERSONAL LOANS!
How Aid is PackagedO ScholarshipsO GrantsO Employment (Work Study)O Loans
Free Application for Federal Student Aid (FAFSA)
O A standard form that collects demographic and financial information about the student and family
O May be filed as early as January 1st of senior year
Official FAFSA WebsiteOhttp://www.fafsa.ed.govOFAFSA-4CasterOFAFSA on the Web Worksheet:
O Used as “pre-application” worksheet
Dependent or Independent?
You must answer Yes to at least one question to be considered an
Independent student.
Who is considered a parent?O Biological or adoptive parent(s)O In case of divorce or separation,
provide information about the parent and/or stepparent the student lived with more in the last 12 months
O Stepparent (regardless of any prenuptial agreements)
California Dream ActO Must be AB540 EligibleO Allows for students to apply for state
funded aid including:O Cal GrantO Board of Governors Fee Waiver GrantO State University Grant (CSU)O Other Public Institution Awards
California Dream Application
O DO NOT FILE A FAFSAO Complete California Dream Application
at http://www.csac.ca.gov/dream_act.aspO Same deadlines and filing rules apply
O March 2nd Cal Grant DeadlineO Determine if Dependent or Independent
StudentO Deferred Action / DACA applicants should
also file Dream Application
Scholarships
National Search Sites
University Websites
Local Scholarships
FAFSA4CasterIf you have your
FAFSA Worksheet
If you do not have your FAFSA Worksheet
O Input your info to get an estimate of your EFC and federal aid
O Begin to look up scholarship information on Fast Web or College Board
top related