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PRESENTED BYPRESENTED BYBright ProspectBright Prospect
FINANCIAL AID FINANCIAL AID WORKSHOPWORKSHOP
AGENDAAGENDA
Welcome and Welcome and
Introductions Introductions
Paying for College Paying for College
Types of CollegesTypes of Colleges
Addressing Your Addressing Your
QuestionsQuestions
WHAT HAS YOUR SON/DAUGHTER WHAT HAS YOUR SON/DAUGHTER COMPLETEDCOMPLETED? ?
Personal Statement, EssaysPersonal Statement, Essays
Cal State University ApplicationsCal State University Applications
University of California ApplicationsUniversity of California Applications
Common Application for Private Colleges Common Application for Private Colleges
IN THE IN THE FUTUREFUTURE::
Financial Aid Forms: FAFSA and CSS ProfileFinancial Aid Forms: FAFSA and CSS Profile
Community College ApplicationsCommunity College Applications
Visiting Colleges in SpringVisiting Colleges in Spring
Selecting a College by May 1Selecting a College by May 1stst, 2012, 2012
HOW AM I GOING TO PAY FOR COLLEGE? HOW AM I GOING TO PAY FOR COLLEGE?
When you have the right information, the college process is MUCH EASIER!
2 KEY FACTORS THAT DETERMINE A FINANCIAL AID AWARD
FAMILY INCOMEFAMILY INCOME
GRADESGRADES
Will my son/daughter be eligible for student loans? If he/she is eligible, will I have to take out
student loans to pay for college?
When do I repay the loan?
Will the payment be high?
Who is responsible for the loans, the student or the parents?
RETAIL VALUE RETAIL VALUE $$25,00025,000
STUDENT LOAN TERMSSTUDENT LOAN TERMS VS.VS. CAR LOAN TERMSCAR LOAN TERMS
CALIFORNIA STATE UNIVERSITY CALIFORNIA STATE UNIVERSITY (CSU)(CSU)
NORTHERNNORTHERN
HUMBOLDT HUMBOLDT CHICOCHICO
SACRAMENTOSACRAMENTO SONOMASONOMA
MARITIMEMARITIME SAN SAN FRANCISCOFRANCISCO
EAST BAYEAST BAYSTANISLAUSSTANISLAUS
SAN JOSESAN JOSE
CENTRALCENTRAL
MONTEREY BAYMONTEREY BAY FRESNOFRESNO
BAKERSFIELDBAKERSFIELD SAN LUIS SAN LUIS OBISPOOBISPO
SOUTHERNSOUTHERN
CHANNEL ISLANDSCHANNEL ISLANDSNORTHRIDGENORTHRIDGE
LOS ANGELESLOS ANGELES DOMINGUEZ DOMINGUEZ HILLSHILLS
LONG BEACHLONG BEACH FULLERTONFULLERTON
POMONA POMONA SAN SAN BERNARDINOBERNARDINO
SAN MARCOSSAN MARCOS SAN DIEGOSAN DIEGO
2323
PROFILEPROFILE
PabloPablo
GANESHA HIGH SCHOOLGANESHA HIGH SCHOOL
G.P.A. 3.0G.P.A. 3.0
Family IncomeFamily IncomeUnderUnder $50,000$50,000
College College Cal Poly Pomona Cal Poly Pomona
COST OF ATTENDANCE COST OF ATTENDANCE (-)(-)
Tuition & FeesTuition & Fees $6,129$6,129
Room & BoardRoom & Board $0$0
BooksBooks:: $1,000$1,000
Total (A): Total (A): $7,129$7,129
FINANCIAL AID AWARD FINANCIAL AID AWARD (+)(+)
Grants & Scholarships: Grants & Scholarships: $8,573$8,573
Work Study: Work Study: $0$0
LoansLoans $0 $0
Total (B):Total (B): $$8,5738,573
PARENT CONTRIBUTION: PARENT CONTRIBUTION:
$$00
STUDENT CONTRIBUTIONSTUDENT CONTRIBUTION: :
$$0 x 4 years=00 x 4 years=0
COST OF ATTENDANCE COST OF ATTENDANCE — — FINANCIALFINANCIAL AID AID
AWARDAWARD== $1,444$1,444
UNIVERSITY OF CALIFORNIA UNIVERSITY OF CALIFORNIA (UC)(UC)
NORTHERN NORTHERN
DAVISDAVIS
BERKELEYBERKELEY
SAN FRANCISCOSAN FRANCISCO
CENTRALCENTRAL
SANTA CRUZSANTA CRUZ
MERCEDMERCED
SOUTHERNSOUTHERN
SANTA BARBARASANTA BARBARA
LOS ANGELESLOS ANGELES
IRVINEIRVINE
RIVERSIDERIVERSIDE
SAN DIEGOSAN DIEGO
1010
PROFILEPROFILE
SANDRASANDRA
POMONA HIGH SCHOOLPOMONA HIGH SCHOOL
G.P.A. 4.1G.P.A. 4.1
Family IncomeFamily Income$40,000$40,000
College College UCIUCI
COST OF ATTENDANCE COST OF ATTENDANCE (-)(-)
Tuition & FeesTuition & Fees:: $14,349$14,349
Room & Board:Room & Board: $6,975$6,975
Books:Books: $1,000$1,000
Total (A): Total (A): $23,324$23,324
FINANCIAL AID AWARD (+)FINANCIAL AID AWARD (+)
Grants & Scholarships:Grants & Scholarships: $23324$23324
Work StudyWork Study:: $0$0
LoansLoans: : $0 $0
Total (B):Total (B): $$2332423324
PARENT CONTRIBUTION: PARENT CONTRIBUTION:
$$00
STUDENT CONTRIBUTIONSTUDENT CONTRIBUTION: :
$$0 x 4 years= 00 x 4 years= 0
COST OF ATTENDANCE COST OF ATTENDANCE — — FINANCIALFINANCIAL AID AID
AWARDAWARD== 0 0
PROFILEPROFILE
KASSANDRAKASSANDRA
GAREY HIGH SCHOOLGAREY HIGH SCHOOL
G.P.A. 4.3G.P.A. 4.3
Family IncomeFamily Income$105,000$105,000
College College UCLAUCLA
COST OF ATTENDANCE COST OF ATTENDANCE (-)(-)
Tuition & FeesTuition & Fees:: $15,315$15,315
Room & Board:Room & Board: $14,454$14,454
Books:Books: $1,000$1,000
Total (A): Total (A): $30,769$30,769
FINANCIAL AID AWARD FINANCIAL AID AWARD (+)(+)
Grants & Scholarships:Grants & Scholarships: $14,741$14,741
Work Study:Work Study: $1,500$1,500
LoansLoans: : $7,300 $7,300
Total (B):Total (B): $$23,54123,541 PARENT CONTRIBUTION:PARENT CONTRIBUTION:
$$9,7679,767
STUDENT CONTRIBUTIONSTUDENT CONTRIBUTION: :
$$7300 x 4 years=29,2007300 x 4 years=29,200
COST OF ATTENDANCE COST OF ATTENDANCE — — FINANCIALFINANCIAL AID AID
AWARDAWARD= = --$7,228 $7,228
US NEWS & WORLD REPORT US NEWS & WORLD REPORT COLLEGE RANKINGSCOLLEGE RANKINGSNATIONAL NATIONAL
UNIVERSITIES/ENDOWMENTSUNIVERSITIES/ENDOWMENTS1.1.Harvard Harvard $27.5 billion$27.5 billion2.2.PrincetonPrinceton3.3.YaleYale4.4.ColumbiaColumbia5.5.StanfordStanford $13.8$13.85.5.PennPenn7.7.Cal TechCal Tech8.8.MITMIT9.9.DartmouthDartmouth9.9.DukeDuke11.11.ChicagoChicago $5.6 $5.6 12.12.NorthwesternNorthwestern13.13.Johns HopkinsJohns Hopkins14.14.Wash U. in St. LouisWash U. in St. Louis15.15.BrownBrown $2.15$2.1516.16.CornellCornell17.17.RiceRice18.18.VanderbiltVanderbilt19.19.Notre DameNotre Dame20.20.Emory Emory $4.16$4.1621.21.GeorgetownGeorgetown22.22.UC BerkeleyUC Berkeley
NATIONAL LIBERAL ARTS NATIONAL LIBERAL ARTS COLLEGES/ENDOWMENTSCOLLEGES/ENDOWMENTS
1.1.Williams Williams $1.5 billion$1.5 billion2.2.AmherstAmherst3.3.SwarthmoreSwarthmore4.4.MiddleburyMiddlebury4.4.WellesleyWellesley6.6.PomonaPomona $1.4$1.47.7.BowdoinBowdoin8.8.CarletonCarleton9.9.DavidsonDavidson10.10.HaverfordHaverford11.11.Claremont McKennaClaremont McKenna12.12.VassarVassar13.13.Wesleyan Wesleyan 14.14.Smith Smith $1.2$1.215.15.Washington & LeeWashington & Lee16.16.West PointWest Point17.17.Naval AcademyNaval Academy18.18.GrinnellGrinnell $1.2$1.219.19.Hamilton Hamilton 20.20.Harvey Mudd Harvey Mudd 21.21.BatesBates22.22.ColgateColgate
PROFILEPROFILE
SERGIOSERGIO
GANESHA HIGH SCHOOLGANESHA HIGH SCHOOL
G.P.A. 4.2G.P.A. 4.2
Family IncomeFamily Income$24,000$24,000
College College PrivatePrivate
COST OF ATTENDANCE COST OF ATTENDANCE (-)(-)
Tuition & FeesTuition & Fees:: $49,916$49,916
Room & BoardRoom & Board:: $13,810$13,810
BooksBooks:: $1,000$1,000
Total (A): Total (A): $64,726$64,726
FINANCIAL AID AWARD FINANCIAL AID AWARD (+)(+)
Grants & Scholarships:Grants & Scholarships: $60,658$60,658
Work Study:Work Study: $2,200$2,200
LoansLoans: : $0 $0
Total (B):Total (B): $$62,85862,858
PARENT CONTRIBUTION: PARENT CONTRIBUTION:
$$00
STUDENT CONTRIBUTIONSTUDENT CONTRIBUTION: :
$$1868 x 4 years= 74721868 x 4 years= 7472
COST OF ATTENDANCE COST OF ATTENDANCE — — FINANCIALFINANCIAL AID AID
AWARDAWARD= = --$1868 $1868
PROFILEPROFILE
GILBERTGILBERT
MONTCLAIR HIGH MONTCLAIR HIGH SCHOOLSCHOOL
G.P.A. 4.6G.P.A. 4.6
Family IncomeFamily Income$65,000$65,000
College College PrivatePrivate
COST OF ATTENDANCE COST OF ATTENDANCE (-)(-)
Tuition & FeesTuition & Fees:: $49,916$49,916
Room & BoardRoom & Board:: $13,810$13,810
BooksBooks:: $1,000$1,000
Total (A): Total (A): $64,726$64,726
FINANCIAL AID AWARD FINANCIAL AID AWARD (+)(+)
Grants & ScholarshipsGrants & Scholarships: : $54,939$54,939
Work Study:Work Study: $2,200$2,200
LoansLoans:: $0 $0
Total (B):Total (B): $$57,13957,139
PARENT CONTRIBUTION:PARENT CONTRIBUTION:
$$47684768
STUDENT CONTRIBUTIONSTUDENT CONTRIBUTION: :
$$2819 x 4 years= 112762819 x 4 years= 11276
COST OF ATTENDANCE COST OF ATTENDANCE — — FINANCIALFINANCIAL AID AID
AWARDAWARD= = --$7,587 $7,587
HOW DO I APPLY FOR FINANCIAL AID?
FAFSA
(FREE APPLICATION FOR FEDERAL STUDENT AID)
CSS PROFILE (COLLEGE
SCHOLARSHIP SERVICE)
HOW CAN MY PARENTS HELP ME THROUGH THIS PROCESS?
1.PROVIDE SSN’S, BIRTH DATES, MARRIAGE DATES,
RESIDENCY STATUS, ETC. TO STUDENTS TO COMPLETE
THEIR APPLICATIONS
2.PROVIDE CURRENT HOUSEHOLD AND FAMILY INCOME
INFORMATION
3.APPLICATION FEES
4.SAT FEES
5.COMPLETE TAXES FOR 2014 AS SOON AS POSSIBLE
SPRING 2015Students will need additional
money for:
• Test submission fees
• College Orientation
• Housing Deposits
It’s important that students continue to keep their grades up!
PRESENTED BYPRESENTED BYBright ProspectBright Prospect
THANK YOU!THANK YOU!