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May 17, 2015WILL YOU BE READY?
HAVE YOU PREPARED???
FINISH STRONG THIS SEMESTER – ALL GRADES ARE IMPORTANT, SOME WILL SEAL YOUR FATE!!
REGULAR ATTENDANCE IS IMPORTANT! POST HIGH SCHOOL EDUCATION
APPLICATIONS? TRANSCRIPTS SENT? ACT TAKEN? Feb. 7 ( Jan. 9)
Apr. 18 (Mar. 13)
STILL PREPARING?
FAFSA NEEDS TO BE COMPLETED AS SOON AS POSSIBLE! March 1 priority
COLLEGE ADMISSIONS COMPLETED – February 1 priority deadline
COLLEGE VISITS Financial Aid Visit with Department of Major Visit with academic adviser
How the average American family pays for college based on 2013-2014
TYPES OF AID
MERIT-BASED:
SCHOLARSHIPS
NEED-BASED:
GRANTS
LOANS
WORK-STUDY
SOURCES OF AID
FEDERAL: PELL GRANTS, WORK STUDY, STAFFORD STUDENT LOANS
STATE: FOR EXAMPLE, TEACHING, NURSING
INSTITUTIONAL: SCHOOL AWARD BASED ON ACADEMICS, ATHLETICS, ACTIVITIES, LEADERSHIP, ETC.
PRIVATE SCHOLARSHIPS: CHAMBER OF COMMERCE, HAYSVILLE LIBRARY FOUNDATION
GOOD DEBT VS. BAD DEBT
In the 2007-08 academic year, the median debt load was about $7,960 for public institutions, $17,040 for private, not-for-profit institutions and $31,190 for for-profit institutions. The figures include students who graduated with no debt.
FEDERAL STUDENT LOANS
Anyone filing the FAFSA is eligible for Stafford Federal Student Loans
Subsidized loans Interest waived until 6 months after
you stop taking classes
Unsubsidized loans Interest charged quarterly
Interest rate for both currently 4.66%
FAFSA: FREE APPLICATION FOR FEDERAL STUDENT AID
www.pin.ed.gov
www.fafsa.gov
DO THE WORK ONLINE AS SOON AS TAXES ARE FIGURED AND SUBMIT IT!
NEED HELP?????Attend College Goal Sunday on
February 22 from 2-4 pm Evergreen Neighborhood Resource Center
2700 N Woodland
Wichita Area Technical College4004 N Webb Rd
You and your parents should attend Bring your completed 2014 taxes or all tax
paperwork, and pin numbers (www.pin.ed.gov)
NEED MORE HEIP?????
Contact the financial aid office at the college or tech school you plan to attend.
Contact the counseling office. We can help you and have computers available.
Your teachers can help you. They are familiar with the FAFSA.
STILL NEED MORE HELP?
FAFSA help will be available in the counseling office on February 11 from 5-8 p.m.
Campus counselors will be available to help students and parents with their questions
Computers will be available for your use in getting your PIN numbers or filing your FAFSA forms.
STUDENT AID REPORT (SAR)
Your student aid report will be sent to the colleges that you requested on the FAFSA.
The financial aid office will examine the SAR and determine the amount of financial aid that you will be awarded based on the expected family contribution (EFC).
Financial Need
How is need determined?COA – EFC = NEED
Cost of attendance includes – Tuition & feesRoom & boardBooks & suppliesTransportationMISC
COLLEGE AWARD LETTER
Letter will list amounts of aid being offered:
Scholarships Pell Grant Student Loans – subsidized, unsubsidized Parent (PLUS Loans) Estimated Family Contribution (EFC) Total should equal COA
DECISION TIME!!!
It is your job to compare award letters from the schools to which you have been accepted and then make the decision that works best for you!!!!
The sooner you make a decision the less stress you will have!
DETAILS
KEEP COPIES OF EVERYTHING PIN, FAFSA, SAR, Award Letters
DON’T BE AFRAID TO ASK FOR HELP
MAKE THE FINANCIAL AID OFFICERS AT YOUR COLLEGE WORK FOR YOU
FINAL DECISIONS NEED TO BE MADE AS SOON AS POSSIBLE
HOW TO KEEP YOUR COLLEGE COSTS DOWN
Borrow only what you need to cover the cost of your education
Make a budget to control your expenses
Consider working part time while taking classes, just do not overextend yourself – Work Study
WHEN IN NEED
TALK TO YOUR PARENTS, THEY CAN HELP YOU WITH THIS PROCESS
TALK TO YOUR COLLEGE FINANCIAL AID ADVISER
SEE ME FOR HELP, TRANSCRIPTS, OR ADVICE
WEB RESOURCES
www.fafsa.gov www.studentaid.ed.govhttp://www.kansasregents.org
/students/student_financial_aid
www.finaid.orgwww.hsf.net
WEB RESOURCES
www.collegeup.orgwww.salliemae.com/plan-
for-college www.financialaid.comwww.kansasmentor.org
MORE INTERNET HELP
www.actstudent.orgwww.collegeboard.comwww.fastweb.comwww.anycollege.comwww.collegeview.comwww.going2college.org
