CLATSOP FINANCIAL AID 2017-18

Lloyd Mueller Director of Financial Aidlmueller@clatsopcc.edu503-338-2412

Things We Will Discuss• What is financial aid at Clatsop:

Categories, types, and sources of financial aid

• Cost of attendance (COA)• The FAFSA• Satisfactory Academic Progress (SAP)• Special circumstances

What the Clatsop Financial Aid Office does.• Works with students and families on a

daily basis

• Sets yearly dates of attendance for financial aid. “The award year”

• Determines “Cost of attendance”

• Establishes student eligibility

• Awards financial aid

• Monitors Satisfactory Academic Progress

• Maintains eligibility and compliance with state of Oregon and US Dept. of Education

• Reports a wide range of data to private, state and federal financial aid sources

What is Financial Aid?

Financial aid consists of all funds provided to students and families to help pay for postsecondary educational expenses.

Types of Financial Aid

• Scholarships

• Employment

• Grants

• Loans

Sources of Financial Aid• Federal government

• State of Oregon

• Private sources including colleges

• Civic organizations and churches

• Employers

Scholarships• Money that does not have to be paid back

• Awarded on the basis of merit, skill, or unique characteristic

• Application process/deadlines vary among scholarships

Grants• Money that does not have to be paid back

• Usually awarded on the basis of financial need

• Application process/deadlines vary among grant programs

Student EmploymentAllows eligible students to earn money to help pay educational costs

Student employment can be a form of financial aid

• A paycheck to the student

Loans• Money students and parents borrow to help

pay college expenses

• Repayment usually begins after education is finished

• Only borrow what is really needed

• Look at loans as an investment in the future

What is the Cost of Attendance (COA) to attend Clatsop?

• Direct costs – Tuition, fees, and on campus housing

• Indirect costs – Books, supplies, transportation, personal expenses

• Direct and indirect costs combined into COA, cost of attendance

Clatsop Cost of AttendanceCost of Attendance includes direct and indirect costs. Examples are for 15 credits per term.

CCC studentliving away

from parents

CCC student living with

parentsTuition and fees $4,014 $4,014Room and board $8,028 $3,024Books and supplies $1,473 $1,473Transportation $1,986 $1,986Miscellaneous/other $2,385 $2,385Total cost of attendance $17,886 $12,882

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What is the FAFSA (Free Application for Federal Student Aid)?

A standard web based form that collects demographic and financial information about the student and family. Completed every year.

The FAFSA

• May be filed at any time during an academic year, but no earlier than October 1st prior to the academic year for which the student requests aid

• For the 2017–18 academic year, the FAFSA could be filed beginning October 1, 2017

• Colleges may set their own FAFSA filing deadlines

• “FAFSA” does not give you financial aid

• Info on the FAFSA is used by Clatsop to establish eligibility for:• Most federal financial aid programs• Many state financial aid programs• Much of the aid Clatsop awards from our own funds

• Clatsop may require additional forms to collect more detailed data. Then colleges award students financial aid

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• Information on the FAFSA is used to calculate the expected family contribution (EFC)• Amount of money a student and his or her family

may reasonably be expected to contribute towards the cost of the student’s education for an academic year

• Colleges use EFC to establish need and award financial aid

COST OF EDUCATION-EFCNEED

The Financial Aid Award

• The financial aid office at Clatsop determines your eligibility for federal, state, and Clatsop financial aid

• The financial aid office may ask for additional information

• You will receive an award letter

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Understanding award letters• The award letter lists the kinds and amounts of

financial aid you are eligible for.• What if it’s not enough?

• Talk to the financial aid office right away• Check into our payment plans• Make the financial aid office aware of

changes in your financial situation

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Satisfactory Academic Progress (SAP)

All Clatsop Students must be making progress toward their degree or certificate

SAP• CGPA – 2.0 or higher• Credit completion rate – 66.67%• Total attempted credits – 135 maximum • The Oregon Promise uses Clatsop’s SAP policy.

In addition there is a 90 credit 2 year maximum requirement.

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Special Circumstances• Many things cannot be reported on the

FAFSA

• Changes in income from 2015 to now

• Talk to the financial aid office not the FAFSA processor

Special Circumstances• Change in employment status

• Medical expenses not covered by insurance

• Change in parent marital status

• Unusual dependent care expenses

• Student cannot obtain parent information

Thank you!

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