1 / 30

South County Cal-SOAP

South County Cal-SOAP . Parent Financial Aid Night. Average Cost of Higher Education. Community Colleges- $12,00 –$18,583 CSU- $14,000 - $22,000 UC- $19,000 - $26,000 Private Schools- $18,000 and $48,000. Types of Financial Aid . GRANTS (Gift Assistance) ‏

belden
Télécharger la présentation

South County Cal-SOAP

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. South County Cal-SOAP Parent Financial Aid Night

  2. Average Cost of Higher Education • Community Colleges-$12,00 –$18,583 • CSU- $14,000 - $22,000 • UC- $19,000 - $26,000 • Private Schools- $18,000 and $48,000

  3. Types of Financial Aid GRANTS (Gift Assistance)‏ FEE WAIVERS (Gift Assistance SCHOLARSHIPS (Gift Assistance)‏ Sources: Private Institutional Foundations LOANS (Must be repaid)‏ COLLEGE WORK-STUDY

  4. ONLY ONE TRUE WEBSITE!!!! REAL and TRUE WEBSITE www.fafsa.ed.gov FAKE Website www.fafsa.com

  5. Important Dates!!! Cash for College @ Live Oak Library Wednesday - January 20, 2010 (6-8pm)‏ Deadline for FAFSA & Cal-Grant Tuesday - March 2, 2010

  6. Parent & Student Personal Identification Numbers (PINS)‏ • Electronic signature to complete FAFSA application online. • To apply for a PIN, log on: www.pin.ed.gov • You can choose how to receive your PIN: View on-line Email Postal Mail

  7. Basic Eligibility for Federal Student Aid • U.S. citizen or Permanent Resident • Social Security Number • High school diploma, GED, or equivalent. • Demonstrate financial need (according to FAFSA). • Selective Service (males only). • Eligible degree or certificate program. • Good academic progress.

  8. What is Federal Student Aid? • GRANTS • WORK STUDY • LOANS

  9. Federal Pell Grants • Need-based grants to eligible low-income undergraduate students • $5350 (2009-10 max. award) • This grant will range depending on the school of attendance.

  10. FederalCollege Work Study • Eligible students can earn part of their financial aid through working on or off campus. • 15-20 hrs per week • Obtain experience working in a career-related or community service employment.

  11. Subsidized Stafford Loans • Must have financial need. • 6.8% fixed interest rate (for 2010-11). • The federal government pays the interest: • Must be enrolled half time or more • Grace period of 6 six months after graduation, withdrawal, or enrolled in less than half time.

  12. Unsubsidized Stafford Loans • For eligible students, regardless of their financial resources. • The student is responsible for paying the 6.8% (fixed) interest that accrues at the time loan is processed. • It’s to student’s advantage to pay the interest while attending in school in order to avoid loan debt increase.

  13. Federal Parent PLUS Loans • Loan borrowed by parents to help pay for students college costs. • Interest rate is fixed at 7.9% or 8.5% depending on the loan program and college/university of student’s attendance. • Amount borrowed depends on credit eligibility and college costs. • Can borrow the total amount of undergrad study minus any aid received.

  14. Private Loans • Loan to be considered if grants and Federal student loans do not cover all college costs. • Loan amount and interest rate are based on credit eligibility of students or parents. • Interest rate is higher than federal student loans. • Eligibility = College cost minus grants, federal student loans, and/or other financial aid resources have been subtracted

  15. Types of Grants GRANTS (Gift Assistance)‏ • Pell Grants • Cal-Grants: A, B, C • College or University Grants • ACG & SMART Grants • Chafee Grant • Child Development Grant • Law Enforcement Personnel Dependents Grant

  16. Cal Grant A • Free money for low-to-middle-income families • California schools • Renewable to 4 years of full-time study • Minimum GPA = 3.0 • Tuition/Fee Awards by institution: • CSU: $4,026 • UC: $7,788 • Independent: $9,708 • California Community College Reserve

  17. Cal Grant B • Students from lower-income families. • Renewable up to 4 years of full-time study. • Provides a living allowance of $1551 & tuition and fees • Minimum high school GPA = 2.0 • Community College Students: $1,551 • University students: Tuition/Fee Awards by institution: • CSU: $4,206 for tuition + $1551 • UC: $7,788 for tuition + $1551 • Independent: $9708 for tuition + $1551

  18. Cal Grant C • Assists low-to-middle-income families with costs of a technical or career education. • Up to 2 years of full-time study. • Vocational/technical program at least 4 months in length. • University Students: Tuition & Fees of $2,592/year • Community College students: $576/year for books & supplies

  19. What’s Great About Cal Grants? • Renewable • Transfers with the student from a college to a university. • Value of tuition/fees changes depending on the attending school. • Graduating high school students are ENTITLED to an award if they meet the eligibility & income requirements.

  20. How Do Students Apply for Cal Grants? File a 2009-2010FAFSA & A Cal Grant GPA Verification form by March 2, 2010 Log on to: www.csac.ca.gov

  21. Scholarships • Scholarships = FREE MONEY!! • Merit based scholarships (academic performance)‏ • Need based scholarships (financial need). • Scholarship funds come from: • Colleges/Universities • Foundations, Companies • Individuals • Community-Based Organizations Deadlines will vary depending on the scholarship.

  22. Scholarships • Involve a separate application process. • Scholarships are usually released in Fall. • Deadlines vary (from late fall to early spring). • Personal Statement may be required. • Letter of Recommendation (from teacher, academic counselor, mentor, supervisor, etc.) may be required. • Transcripts may be requested. • Finalists may be interviewed by panel.

  23. Other Places In your school’s career center. In the financial aid office of the college you have applied to. 2010-2011 Fund Your Future Brochure. Where Can Students/Parents Find Scholarships? Online • Fast WEB • www.fastweb.com • Mach25 • www.mach25.com • CollegeBoard • www.collegeboard.com/pay • Petersons • www.petersons.com • South County Cal-SOAP www.southcountycalsoap.org • SRN Express • www.srnexpress.com • www.maldef.org

  24. Important Dates • January 1st: Begin applying for FAFSA • March 2nd: Priority filing deadline to apply for Cal Grants. FAFSA and Cal Grant GPA Verification form must be completed.

  25. Can you file a FAFSA after March 2, 2010? • YES. • However, you will not be considered for a Cal Grant for the 2009-10 academic year. • To be considered for a Cal Grant, students & parents must file 2010-11 FAFSA before March 2, 2010.

  26. Cash for College Workshops • Morgan Hill - Wed, Jan. 20, 2010 -Live Oak High School Library -6-8 pm • Gilroy High School -Thurs., Jan. 28, 2010 (room H2 &H3) - noon-6 pm by appt/ 6 – 8 pm drop-in • San Benito High School -Mon., Jan. 25 (room 477 & 482) - noon-6 pm by appt/ 6 – 8 pm drop-in

  27. Paper FAFSA FAFSA Application on the Web FAFSA Processor (copies your information and enters it electronically) DATA Matches -Social Security -DHS -Selective Service -Veterans Affairs Central Processing System (CPS) -Student Aid Report (SAR) EFC- (estimated family contribution) Sent to students email ISIR EFC- (estimated family contribution) Sent to Colleges and Universities Colleges and Universities -make financial aid packages for students and send via email/mail Students accept package What happens after applying for FAFSA?

  28. Questions?

More Related