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Overview of Financial Aid. Myths My parents make too much money, so I’ll never qualify. Only people with perfect GPAs get scholarships. You can only get financial aid if you pay someone to help you find it. Myths and Truths about Financial Aid. Truths
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Myths My parents make too much money, so I’ll never qualify. Only people with perfect GPAs get scholarships. You can only get financial aid if you pay someone to help you find it. Myths and Truths about Financial Aid Truths • Even Donald Trump can receive financial aid. • Scholarships are not always awarded based solely on GPA. • You don’t need to pay anyone for help.
Types of Aid • Grants • Scholarships • Loans • Employment
Did you know • First Scholarship Established at Harvard University 1840 1840 Creation of US Department of Education 1643 First Student Loan Program Established at Harvard University 1867
Need-Based Programs Loan and Employment Programs • Federal Perkins Loan • Federal Direct Stafford Loan (subsidized) • TEXAS B-On-Time Loan* • Work Study Grant Programs • Federal Pell Grant • TEXAS Grant – Public Colleges & Universities* • Texas Equalization Grant – Private Universities • Federal Supplemental Opportunity Grant (FSEOG) • Texas Public Education Grant (TPEG)
Non-need Based Programs • Federal Direct Stafford Loan (unsubsidized loan) • Federal Parent PLUS Loan • College Access Loan (CAL) • Alternative, Private Loans
So what does this mean? • Financial Aid is eternally changing. You must continually train to stay on top of your game! • Rookies can bring a lot to the team! • New perspective, passion, energy • Attend workshops and conferences • Find a mentor in the financial aid community • Network, network, network! • Make good use of your seasoned All Stars!
Who Can Help Me? National Association of Student Financial Aid Administrators (NASFAA) www.nasfaa.org Southern Association of Student Financial Aid Administrators (SWASFAA) Arkansas, Louisiana, New Mexico, Oklahoma, Texas www.swasfaa.org Texas Association of Student Financial Aid Administrators (TASFAA) www.tasfaa.org TASFAA listserv US Department of Education FSA Conference Software Providers Attend conferences, trainings, get involved, network!
Swing Away! We hope you have a wonderful week of learning! And remember….. THERE’S NO CRYING IN BASEBALL!