Scholarships | Grants | Loans

Paying for College through

FINACIAL AID

• Tuesday, January 13, 2015• Financial Aid Workshop –

Receive professional help with the FAFSA

• 4:30 PM – 6:30 PM - LHS Library

Save the Date

• January 12, 2016• Financial Aid Workshop • 4:30 PM – 6:30 PM (drop in any time)-

LHS Library• Receive professional help with the

FAFSA or WASFA• Bring your parents/guardians

What is Financial Aid? WATCH ME: VIDEO: http://www.ownyourownfuture.com/12th/pay/video-hub/cracking-financial-aid-code-words/related/financial-aid-basics/

Grants- Money you don’t pay back, determined by your family’s financial need • The greater your family’s financial need, the more likely you are to receive

grants.Loans- Money you pay the government back, with interest after you have left school

• Subsidized Loans are better: You don’t start accruing interest on your loan until after you have left school

• Unsubsidized Loans start accruing interest as soon as you accept them.Scholarships- Money you don’t pay back, determined by your family’s financial need and/or your academics

• College-specific scholarships (example: Husky Promise at UW)• General scholarships (example: Lindbergh Memorial Scholarship): Non-

college specific.

Sources of Grants and Scholarships

Each source will be a tool to help you financially

1Government

2Colleges

3Private Organizations

Federal & State GOVERNMENT

Source of Need-Based Gift Aid

1

Government• The federal government is the largest source of need-based gift aid, primarily in

the form of the Pell Grant

– Pell Grant – doesn't have to be repaid • The amount depends on: financial need, costs to attend school, status as

a full-time or part-time student, and plans to attend school for a full academic year or less

• State governments - fund grants and scholarships for residents attending college in their state

• To receive grants: File the FAFSA

2 Colleges

Grants & Scholarships to prospective students

Colleges• Colleges offer grants and scholarships

– Stricter requirements for keeping a scholarship than other sources of scholarships

– Some scholarships are available based on specific majors – check with your university/college

• Grants - merit based or need based, or a combination of the two• Merit – Based on your academics – GPA• Need – Based on financial need

3 Private Organizations

Scholarships

Private Organizations• Outside scholarships

Visit the Career Center regularly or Career Center scholarship webpage: http://www.rentonschools.us/Page/1612 – LHS Memorial Scholarship – Available in November– Parents' employer or labor union– Your employer – Church– Other Memorial scholarships

Work Study• Part-time jobs offered on campus

– Flexible time

– Minimum wage

– More likely to be hired than students not offered work study

• Examples:

– Cafeteria worker

– Librarian

• To receive Work Study: File the FAFSA

The FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID)

SENIORS: Complete the FAFSA Starting January 1, 2016: https://fafsa.ed.gov/

WATCH ME: https://www.youtube.com/watch?v=c-23SMf5DyQ Español:https://www.youtube.com/watch?v=OEU6CvGmrSk Financial Aid Workshop @ Lindbergh – January 12, 2016

The WASFA (WASHINGTON APPLICATION FOR STATE FINANCIAL AID)

SENIORS: Complete the WASFAhttp://www.readysetgrad.org/wasfa

Financial Aid Workshop @ Lindbergh: January 12, 2016

ELIGIBILITY:• Low-income• Non-citizen • Students unable to file a FAFSA

due to immigration status • WA State Resident for at least 3

years

Scholarship Search Engines

Career Cursing LHS Career Center

College Board

LHS Memorial Scholarship

Washboard Your University

• Start with local scholarships – Career Center

• Pay attention to:– Qualifications– Deadlines– Requirements– Teacher Recommendations

• Don't wait until the last minute to ask!

• Be wary of scams! Visit the Career Center for more information

RESEARCH!!!

FYI

• January, 12 2016• Financial Aid Workshop • 4:30 PM – 6:30 PM (drop in any time) -

LHS Library• Receive professional help with the

FAFSA or WASFA• Bring your parents/guardians

Save the Date

• Tuesday, January 13, 2015

QUESTIONS?• SEE MS. PENCHEVA @ THE CAREER CENTER

Workshop – Receive professional help with the FAFSA

• 4:30 PM – 6:30 PM - LHS Library

GET THAT FREE MONEY!Financial Aid