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Please silence your CELL PHONE

Please silence your CELL PHONE. Pickup a copy of “Fund Your Future” One per Household. Financial Aid. How to Fund Your Future Danielle Bryant M-Z Randall Jackson A-L. College is an Investment. High School Graduate $ 32,552 Bachelor’s Degree $ 53,324 Master’s Degree $ 65,364. EFC.

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Please silence your CELL PHONE

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  1. Please silence yourCELL PHONE Pickup a copy of “Fund Your Future” One per Household

  2. Financial Aid How to Fund Your Future Danielle Bryant M-Z Randall Jackson A-L

  3. College is an Investment • High School Graduate • $ 32,552 • Bachelor’s Degree • $ 53,324 • Master’s Degree • $ 65,364

  4. EFC • More information on page 13 • Expected Family Contribution • What the Government Expects you to contribute • Will stay the same no mater which college you attend

  5. COA • More information on page 13 • Cost of Attendance • Tuition, Books Supplies, Housing, Food, Transportation and presonal expenses. • Your COA will vary from school to school

  6. Your Financial Need • More information on page 1 Your COA - Your EFC ______________________ = Your Financial Need or Net Cost

  7. 4 Types of Student Aid • More information on page 1 • Grants • Work-Study • Loans • Scholarships

  8. Federal Grants • More information on page 8 • Federal Pell Grants/Free money • $5,472 • Federal Supplemental Educational Opportunity Grant or FSEOG • $100 - $4,000

  9. Cal Grant Income and Asset Ceilings For New and Renewing Applicants – Dependent students and Independent students with dependents other than spouse Cal Grant Cal Grant A and C B Family size: Six or more $101,000 $55,500 Five $93,700 $51,400 Four $87,400 $45,900 Three $80,400 $41,300 Two $78,500 $36,700

  10. WWW.CSAC.CA.GOV

  11. Cal Grant A • More information on page 6 • Additional Eligibility Criteria: • Meet income & asset ceiling (demonstrate financial need) • 3.00 minimum high school GPA • Pursuing AA and BA programs only • Annual award amounts may be: • Used for tuition and/or fees only • Held in reserve while attending community college

  12. Cal Grant B • More information on page 6 • Very low income students who: • Meet the income and asset ceilings • 2.00 GPA minimum • AA, BA/BS and Certificate programs • Annual Awards • $1551 stipend first year • Fees/Tuition plus $1551 • Available as Entitlement & Competitive Awards

  13. Cal Grant C • More information on page 6 • Low and Middle income students who: • Enroll in vocational courses of study • AA and Certificate programs only • Can be used for any school expenses including tuition and fees • Eligibility determined only after application is given Cal Grant A and B consideration

  14. Cal Grant Guarantee • More information on page 6 • You’re guaranteed to receive a Cal Grant award if you: • are a high school senior or recent graduate, • apply by March 2, • graduate from a California high school, • meet income and asset ceilings • meet all other eligibility requirements, and • have financial need based on your college costs and your expected family contribution

  15. Make sure your graduating senior includes their high school on the FAFSA THS’s code is (053490) CSAC can then match between GPA and FAFSA information CSAC will be able to report to schools on missing GPAs and missing FAFSAs High School Entitlement Awards

  16. Tracking your Cal Grant • Track your Cal Grant and/or California Chafee Grant application or award • www.webgrants4students.org • 24/7 access • Secure account • Make changes to your account • Avoid delays in getting your grant – keep your account updated

  17. Work-Study • Money for college that you earn • Free Money • Financial need • Depends on your college

  18. Loans • More information on page 9 • Must be repaid this is Not Free Money • Two kinds of Loans • Subsidized • Unsubsidized • $5,500 first year

  19. Loans • More information on page 9 • Federal Stafford loans • Subsidized Stafford loans • Based solely on demonstrated financial need • The federal government pays the interest while you are in school • Unsubsidized Stafford loans • All eligible students can receive them, regardless of income or assets • You’re responsible for paying the interest while in school

  20. Repaying your loan

  21. Scholarship Research • Contact your high school counselor • Visit the following websites: • Libraries (county and city) • Bookstores • Local organizations (church groups, clubs) • Contact parents place of employment • Contact the colleges of your choice www.fastweb.com www.finaid.org

  22. Scholarships • Merit Based • Based on Accomplishments • GPA • Class rank • Community Service • Need Based • Based on Financial Need • Cost of Attendance • Expected Family Contribution • Athletic • Based on Playing College Sports

  23. The CaliforniaMiddle Class Scholarship Starts in 2014-2015 for undergraduate students who are: Attending a CSU or UC campus (Current, Incoming First Time Freshmen and Transfer) From families with income less than $150k U.S. citizens, permanent residents or AB 540 Not incarcerated California residents

  24. Other ways to afford college See page 14 in your workbook • Private scholarships • National Merit Scholarships • Community service • The military • Credit for experience • Earn credit in high school • Cooperative education • Part-time work • Start at a community college • ScholarShare college savings plan • Company-paid education • Tax benefits • Jobs that help you repay loans

  25. Will You Qualify for Financial Aid? • The FAFSA • www.FAFSA.ed.gov • California Dream Application • www.caldreamact.org • FAFSA4Caster • Get a peek into your future • www.federalstudentaid.ed.gov

  26. Top 10 Things You Must Do • More information on page 1 • Submit the FAFSA or Dream Act Application (AB540) • Submit college applications • Demonstrate financial need • Have a high school diploma • Be a U.S. Citizen or AB 540 student

  27. Top 10 Things You Must Do • More information on page 1 • California Resident • Enroll in an eligible degree or certificate program • Maintain Academic Progress • Have a Social Security number • Register with US Selective Service (males 18-25)

  28. Are you dependent or independent? • 10 different ways to claim your independence • Worksheet • “Dependency Override”

  29. How do you apply? #1 • More information on page 5 • You need a Social Security number • Name must match • Get a Federal Student Aid PIN • www.pin.ed.gov • This is how you E-sign your FAFSA • Your financial records • An email address • Your driver’s license number

  30. How do you apply? #2 • More information on page 5 • FAFSA Web Worksheet • www.fafsa.ed.gov • Don’t wait to file your taxes • Cash for College • January 22 from 4 to 7 p.m. • Sign up tonight

  31. How do you apply? #3 • More information on page 5 • Complete the FAFSA online • www.fafsa.ed.gov or www.caldreamact.org • Should take about an hour • Paper FAFSA • Photocopies or faxes are not accepted • Don’t send tax forms

  32. How do you apply? #4 • More information on page 5 • Submit any other applications • CSS/Financial aid Profile • http://collegeboard.com • Ask the college financial aid office

  33. How do you apply? #5 • More information on page 10 • Review your Student Aid Report • The federal government selects 1 out of 3 for verification • Federal tax returns with w-2 forms

  34. How do you apply? #6 • More information on page 10 & 11 • Review your California aid report • Cal Grant • FAFSA by March 2 • THS will submit your GPA verification • Make corrections to FAFSA • If you were not awarded a Cal Grant • Community College by September 2

  35. How do you apply? #7 • More information on page 10 & 11 • Evaluate Your Financial aid Offers • Each college you list on your FAFSA • COA might be covered by a mix of grants • Offers will vary – don’t miss deadlines • You can pick and choose the aid you want.

  36. Sample financing plan • This chart is on page 13 http://californiacolleges.edu/finance/finance.asp

  37. Report Aid • If your student get a scholarship and you would like to have the scholarship printed in the senior awards night program let Mrs. Anderson in the career center know. • Parents be aware all scholarship awards must be reported to your student’s college financial aid office, including local ones.

  38. Contact the counseling office • Phone 822-2146 • Email rjackson@teh.k12.ca.us • Email dbryant@teh.k12.ca.us • See on January 22th • Cash for College signup tonight

  39. Thank you for comingUseful Websites • ACT: www.actstudent.org • AmeriCorps: www.americorps.gov • Cal Grants: www.calgrants.org • California Cash for College workshops: www.californiacashforcollege.org • College Board: www.collegeboard.org • California colleges: www.californiacolleges.edu • College Savings Plan: www.scholarshare.com • ECMC: www.ecmc.org • FAFSA: www.fafsa.gov • Federal Financial Aid: www.studentaid.ed.gov

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