12 th FINANCIAL AID

1. 12th FINANCIAL AID Presented by the Horizon High School Counseling Office Mrs. Neumann - SOAR Ms. Rolison – A-Ci Mrs. Moquin – Cj-Ga Ms. Shields – Gb-K Mrs. Gussman – L-M and 12th grade 504’s Mr. Muedeking – N-Si and ELL Ms. Schwab – Sj-Z

2. Objectives • Students will be able to successfully identify and discuss different types of financial aid • Students will have knowledge of the FAFSA and first step to completing • Students will be able to successfully access Naviance to request letters of recommendation and transcripts. • #HHSgoestocollege

3. Why go to college or career school?

4. What does college cost?

5. Annual College Cost – Breaking it Down

6. What is financial aid? • Generally speaking, financial aid includes all funds made available to students that do not come from their family. • Sources of financial aid are federal and state governments, colleges themselves and private sources • It comes in the form of grants, scholarships, loans and student employment

7. Financial Aid Types Merit-Based Money offered through private organizations or universities based on a skill or talent that you have: grades/GPA test scores specific abilities athletics leadership skills How well you do something Need-Based Money offered though federal or state government, or private organizations, based on the financial need of your family: usually determined by a set formula (FAFSA) other kinds of selection criteria (stated income) Can be both need & merit

8. Sources of financial aid Types of financial aid • Federal • State (ex. College Opportunity Fund) • College/University • Outside Organizations – Civic organizations (ex.-local Rotary Club), parent’s employer, high school awards • Grants • Scholarships • Loans • Employment Opportunities

9. scholarships • A form of “gift aid,” does not have to be paid back • Awarded on the basis of academic, artistic, athletics or other merit attribute • Scholarships can come from the federal government, your state government, your college or career school, or a private or nonprofit organization. Do your research, apply for any scholarships you might be eligible for, and be sure to meet application deadlines

10. grants • Gift aid; does not have to be repaid • Most often awarded on the basis of need • Grants can come from the federal government, your state government, your college or career school, or a private or nonprofit organization. Do your research, apply for any grants you might be eligible for, and be sure to meet application deadlines

11. loans • Must be repaid • Federal loans • Privately financed loans • Terms vary significantly by program • Borrow wisely • Is it a good investment?

12. Student employment • Offered by colleges using federal or institutional funds • Often called ‘work study’ • Part time • Paid via a paycheck • Not generally applied to the college bill

13. WUE – Western undergraduate exchange Through the Western Undergraduate Exchange: • Reap steep nonresident tuition discounts—averaging $9,400/year! • Choose from hundreds of majors at 160+ two-/four-year schools in 16 Western states/U.S. territories (CNMI and Guam). • Graduate with more options, less debt. • Search the New WUE Savings Finder to find your School Today • With WUE, out-of-state students pay no more than 150% of in-state tuition at participating schools, compared with nonresident rates that can exceed 300% of in-state rates. • See all the ways you can save at https://www.wiche.edu/wue • Example listed below

14. Determining need How Is Eligibility Determined? • Cost of Attendance (COA) - direct and indirect costs • Expected Family Contribution (EFC) • Federal vs. Institutional EFC; differences in assessment • Special circumstances NEED is: Cost of Attendance Less Expected Family Contribution Equals Need

15. Expected family contribution (EFC) • The amount that a family can reasonably be expected to contribute • Derived from contributions from the parents and the student • EFC Calculator: Available on the College Board Web Site: https://bigfuture.collegeboard.org/pay-for-college/payingyour-share/expected-family-contribution-calculator

16. Help! I need money! COLLEGE OPPORTUNITY FUND The College Opportunity Fund program provides a stipend for new and continuing in-state students going to college in Colorado. To receive the stipend, a student must apply for and authorize the use of the stipend at their respective institution. The stipend replaces traditional direct legislative appropriations to the state’s colleges and universities. Without the stipend, a student is responsible for the full amount of tuition which equals in-state tuition plus the stipend amount. GRANTS • Federal Pell Grants • Federal Supplemental Educational Opportunity Grants (FSEOG)   • Teacher Education Assistance for College and Higher Education (TEACH) Grants   • Iraq and Afghanistan Service Grants COLLEGES/UNIVERSITIES • Check the college/university to which you are applying • Make sure you are meeting their deadlines – they vary from school to school • Some will require FAFSA completion prior to applying for school scholarships SCHOLARSHIPS • Boettcher • Daniel’s Fund • Gates Millennium • Check the scholarship list on Naviance • www.fastweb.com

17. MORE ABOUT SCHOLARSHIPS • SCHOLARSHIPS ARE COMPETITIVE • The statistics you hear may be misleading • COMMUNITY SERVICE IS A HUGE TREND IN SCHOLARSHIPS • Go to www.volunteermatch.org • SOME SCHOLARSHIPS DON'T MENTION COMMUNITY SERVICE OR EXTRA CURRICULAR ACTIVITIES • But they still might consider them • YOU MAY NOT GET A SCHOLARSHIP IF YOU APPLY • You certainly won’t get it if you don’t apply • SOME HIGHLY SELECTIVE SCHOLARSHIPS ARE DUE IN THE FALL • For example – Boettcher, Daniels Fund, Coca-Cola Scholars • Scholarships become available throughout your senior year • SAVE YOUR ESSAYS • Many scholarships ask for similar essays

18. WHERE DO I FIND SCHOLARSHIPS? • Naviance– our list is extensive and easily accessible • www.fastweb.com– one of the older, larger scholarship search sites • https://www.fairviewhs.org/counseling/scholarships– link to the Fairview HS scholarship page - It is user-friendly and very extensive • www.cappex.com– a database with $11 billion in listed scholarships • www.collegeboard.com– free search site that utilized a database of more that 2,300 sources of college funding totally almost $3 billion in scholarships and aid • www.chegg.com– has a large scholarship database and is set up so students can save information on the scholarships for which they applied and it will send deadline reminders to students who use their site • www.StudentAid.gov/scholarships

19. Federal Aid programs 2019-2020 • Federal programs provide by a wide margin the largest portion of assistance • FAFSA • Awarded primarily on the basis of need • Students must apply each year • Federal Pell Grant up to $6,095 • Federal Stafford Loan • Federal PLUS Loan • Campus-Based Programs: Federal WorkStudy

20. What is the FAFSA? • Federal Application for Free Student Aid • Fafsa.ed.gov • 2020-2021 FAFSA available October 1, 2019 • FAFSA will use prior prior year income information (20l8) • IRS Data Retrieval Tool can be used immediately • All prior prior year tax information (2018) is already filed, allowing immediate retrieval.

21. General eligibility requirements for FAfsa • Must have a valid Social Security Number • Must be enrolled or accepted for enrollment in an eligible program of study • Must be pursuing a degree, certificate, or other recognized credential • Must be a U.S. citizen or eligible noncitizen • Must be registered with Selective Service (males are required) DON’T MEET ONE OR MORE OF THESE REQUIREMENTS? COME SEE YOUR COUNSELOR AS SOON AS POSSIBLE

22. FAFSA- First Steps • Familiarize yourself with the FAFSA website (fafsa.ed.gov) • Create an FSA ID • (Do this prior to filling out the FAFSA Application) • Both you and your parent need an FSA ID! • Check out the following website for great information about the FAFSA and other student aid • studentaid.ed.gov IMPORTANT

23. FAFSA INFO AT HHS • Financial Aid Information Session: • October 3rd, 2019 6:00-7:00pm • FAFSA Completion Help Session: • October 22nd, 2019 4:30-6:30 • Listen to the announcements for more information on these super helpful nights !

24. REQUESTING TRANSCRIPTS AND LETTERS OF RECOMMENDATION • You will be given a handout that has all the step by step directions on it. Things to remember for requesting transcripts: • Your application must be COMPLETE and either already submitted or ready to submit PRIOR to you requesting a transcript • If you are using the Common Application, you MUST match your account in Naviance AND indicate you are using Common App when you make your transcript request • You should allow for ONE WEEK processing for transcripts to be sent (late requests or requests not made by the deadlines in the following slide are not guaranteed to be sent out by your or your school's deadline)

25. Transcript deadlines • Requests not made by theseare not guaranteed to be sent out by your or your school's deadline TRANSCRIPT DEADLINES ARE AS FOLLOWS: • Any transcript that you want sent prior to Colorado Free Application Day (October 15th, 2019) must be requested by MONDAY, OCTOBER 3rd, 2019. • To have your transcript sent before Thanksgiving Break (including colleges that have deadlines over Thanksgiving Break) a request must be made by TUESDAY, NOVEMBER 19th, 2019. • To have your transcript sent before Winter Break (including colleges that have deadlines over Winter Break) a request must be made by FRIDAY, DECEMBER 13th, 2019. • To have your transcript sent before Spring Break (including colleges that have deadlines over Spring Break) a must make a request TUESDAY, MARCH 17th, 2020. • NO transcripts will be sent over Thanksgiving Break, Winter Break or Spring Break. 

26. REQUESTING TRANSCRIPTS AND LETTERS OF RECOMMENDATION • You will be given a handout that has all the step by step directions on it. Things to remember for requesting letters of recommendation: • You need to complete a Naviance request AND speak personally with the recommender • You should allow at least 2 weeks for letters to be completed – plan ahead • Complete the BRAG sheet in Naviance prior to asking for letters (About Me>Surveys) • Best practices – give a handwritten Thank You note to all the recommenders that wrote you a letter

27. GRADUATION IS MAY 11TH! Follow us at HHS_Counseling1 and use #HHSgoestocollege