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FINANCIAL AID“PAYING FOR COLLEGE”
Presented by
Aída Sandoval, Counselor
Nogales High School
Types of Financial Aid
FEDERAL– Grants– Work Study– Student Loans– Parent Loans
Scholarships– College & Career Center– Review Criteria– Complete Applications– Deadlines vary
CAL Grants– Cal Grant A
4 year university or college
– Cal Grant B 2 year college 4 year university of
college– Cal Grant C
Vocational Programs Adult Schools, ROP,
Community College
WHAT IS FINANCIAL AID?
Money given or paid to help pay for college GIFT AID – Grants & scholarships = free
money you don’t pay back. SELF HELP – work study (job to help pay for
school given to the student). Loans given to the student or parent that must be paid back.
Financial aid programs are ways to help students pay for school.
Who Is Eligible?
U.S. Citizens or Legal Resident High School graduate or GED (Males) Register for Selective Service @ 18 years of
age Enrolled in an accredited school Enrolled in an approved course of study Maintain Satisfactory Academic Progress Establish Financial Need – by completing FAFSA
FEDERAL & STATE AID $$$
All students must complete a free application for federal student aid – FAFSA before March 2nd for federal $$ - this is step #1.
For California $$ the school can submit your academic GPA verification form for you, or you can complete a GPA form; have your counselor sign it & you mail it.
Must complete FAFSA every year to renew financial aid.
HOW DOES THE PROCESS WORK
Parent & student complete FAFSA electronically or U.S. mail
They send you back a set of forms called a Student Aid Report (SAR)
This report will also be sent to the colleges or schools you listed on the application
Report determines the Expected Family Contribution (EFC)
The Process continued
The Academic GPA is submitted by the high school electronically, OR the student mails a form the student completes and counselor signs by March 2nd for Cal Grant
CAL Grant downloads your FAFSA and scores it to determine the eligibility.
CAL Grant bases it on your information + GPA and first 3 schools you listed.
The Process, continued
CAL Grant sends their letters in May to the students if you did not provide email.
Financial Aid office of the school or college you listed gets your information from the SAR & sends you an award letter with how much $$ you will be awarded.
You must apply for admissions to college 1st or school won’t send you anything.
FINANCIAL AID FORMULA
COST OF ATTENDANCE
- EFC (on your student aid report)
FINANCIAL NEED
COST OF ATTENDANCE (varies from school to school)
Tuition & Enrollment fees Room & Board (dorm or living costs at
parents house) Books & Supplies Personal expenses Any school related expenses pertaining to
students when disabled.
EXPECTED FAMILY CONTRIBUTION
Income of parents & student Family size Number of family members in college Age of the parents Level of education of the parents (for CAL
Grants)
SCHOLARSHIP TIPS
During the summer BEFORE senior year, write a personal statement, include volunteer activities, honors or awards,
If you are the first in your family to finish high school or apply to college, mention that in your essay!
If you are being raised by single parent/grandmother, etc. mention that too.
Brag about yourself. Have your English teacher or counselor read it.
WHY STUDENTS DON’T APPLY
My brother/sister didn’t get any money, I won’t either. Our income is too high.
I don’t know how to do this, too confusing. Only students with high GPA can get money I am in danger of not graduating I won’t finish high school until summer I don’t know what I want to do when I
graduate.
TURNING THE DON’TS TO DOS
Attend financial aid night at school Cash for College happens every year at LA
Convention Center – Google it. Bug your senior counselor for help Contact the FA office of the colleges you
applied and ask for help there, too. SCHOLARSHIP SCAMS – BEWARE!
DEADLINES ARE IMPORTANT!
Keep a calendar for scholarships & financial aid, and your college applications.
Check the student aid report (SAR) once you get it. Make sure there aren’t any mistakes.
If EFC is BLANK there is an error. Electronic filers get a SAR within 14 days,
U.S. mail should be 6 weeks. If you don’t hear from them. Call 1-800-4-FED-AID.
QUESTIONS?
1. Use the websites
2. Go to the college and career center at your high school and look for scholarships
3. The financial aid offices in many colleges will help you, so will college admissions personnel that work for EOP – Educational Opportunity Programs.
4. Aida Sandoval = [email protected]
WEBSITES
www.pin.ed.gov www.fafsa.ed.gov www.finaid.org www.csac.ca.gov – CAL GRANT – open an
account webgrants for students. www.edfund.org www.fastweb.com www.google.com type in “scholarships”