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THE BASICS FOR SECURING YOUR CIA AID PACKAGE FINANCIAL AID 101

Financial Aid 101 - The Culinary Institute of America · from a wide variety of sources, including federal and state government/agencies, The Culinary Institute of America, high schools,

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Page 1: Financial Aid 101 - The Culinary Institute of America · from a wide variety of sources, including federal and state government/agencies, The Culinary Institute of America, high schools,

THE BASICS FOR SECURING YOUR CIA AID PACKAGEFINANCIAL AID 101

Page 2: Financial Aid 101 - The Culinary Institute of America · from a wide variety of sources, including federal and state government/agencies, The Culinary Institute of America, high schools,

START WITH THE FAFSA!

File your Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov. The CIA’s Federal School Code is 007304.

The FAFSA collects important demographic and financial information about you and your family.

It’s used to calculate your expected family contribution (EFC) for the academic year, which helps determine financial aid awards.

The CIA may ask for additional documentation, such as copies of IRS federal tax transcripts.

WHAT IS FINANCIAL AID, EXACTLY?Financial aid is any grant or scholarship, loan, or paid employment offered to help a student meet college expenses. You can find aid from a wide variety of sources, including federal and state government/agencies, The Culinary Institute of America, high schools, corporations, foundations, civic organizations, and employers. We’re here for you every step of the way.

STEPS TO FINANCIAL AID

1 Submit your

CIA application for admission

and supporting materials.

2 Complete

your FAFSA on the web.

5 View your estimated balance letter.

6 Submit

the $300 advance deposit.

7 Research and apply

for external scholarship

opportunities.

8 View

your final first-semester

statement and pay balance

30 days prior to your

start date.

3 Apply for federal

and state government

aid.

4 View your

personalized award package

on CIA Main Menu, the

student portal.

Page 3: Financial Aid 101 - The Culinary Institute of America · from a wide variety of sources, including federal and state government/agencies, The Culinary Institute of America, high schools,

Gift AidGrants and scholarships that you do not have to pay back.

• The CIA offers grants and scholarships based on both merit and need.

• Federal and state governments supply grants, mostly need-based.

• Scholarships can also come from outside organizations—check your high school, local library, business or civic groups, or even your parents’ employer(s).

Once you’re accepted to the CIA, take advantage of CIA $hef, our free scholarship search database: ciachef.academicworks.com

Other resources: • www.finaid.org

• www.fastweb.com

• bigfuture.collegeboard.org/scholarship-search

WHAT TYPES OF AID ARE AVAILABLE?There are three kinds:

LoansFunds from the federal government or private lenders that you will need to pay back over time, usually with interest and fees.

Federal Student Loans:• Complete the FAFSA, master

promissory note, and entrance interview; no credit check required.

• Fixed interest rate and various repayment options.

Private Student Loans:• Eligibility is determined based

on credit history and score.

• Shop around to get the best interest rate and repayment plan for your needs.

Parent Loans:• May be available from the federal

government if the student’s FAFSA indicates he or she is a dependent; credit check is required.

• Some private lenders also offer parent loans.

Work-StudyPrograms that require you to work part-time and earn a paycheck.

• CIA students can work on campus for up to 20 hours a week.

• Campus jobs have included tour guide, catering assistant, lifeguard, office assistant, and many more.

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Page 4: Financial Aid 101 - The Culinary Institute of America · from a wide variety of sources, including federal and state government/agencies, The Culinary Institute of America, high schools,

FIND OUT MORE ON FINANCIAL AID TV!

Need tips on filing the FAFSA? Info on what special benefits you may be eligible for? Answers to the most commonly

asked questions? These short, easy-to-follow videos will help: ciachef.financialaidtv.com

WE’RE HERE FOR YOUThe CIA Student Financial & Registration Services staff

is ready to help you invest in your future: 845-451-1500

[email protected]

Or, call our Admissions counselors for guidance through the CIA application process:

1-800-CULINARY

92%of CIA students

FINANCIAL AID

receive