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Financial Aid for College (You might be surprised who is eligible.)

Financial Aid for College (You might be surprised who is eligible.). Objective: You will analyze facts about financial aid in college in order for you to increase your awareness. DRILL: Read the statements and answer true or false in your journal. List #1-10. Take notes.

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Financial Aid for College (You might be surprised who is eligible.)

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  1. Financial Aid for College(You might be surprised who is eligible.) Objective: You will analyze facts about financial aid in college in order for you to increase your awareness. DRILL: • Read the statements and answer true or false in your journal. List #1-10. Take notes. • We will learn the answers. • What is FASFA?

  2. True or False: • "Cost of attendance" is the amount of funding needed for a student's education including room and board, transportation and books, as defined by the institution the student is attending. • A Federal Perkins Loan provides low-interest loans to help needy students finance the costs of post secondary institutions. • If you no longer live with your parents, and are NOT claimed on their taxes, you qualify for financial aid as an independent student.

  3. Federal student aid financial aid covers the expense of food in all post secondary institutions. • It is possible to gain a scholarship from an employer. • You are NOT eligible for financial aid if you are NOT a United States Citizen. • If you have children who receive more than half of their support you may be considered as an independent student.

  4. You must meet all seven conditions of the Office of Scholarships & Financial Aid to be considered as an independent student (OSFA). • After graduation, students have a certain time period before they are required to pay back Pell Grants. • A Direct Stafford Loan is available directly from the U.S. government.

  5. Answers:

  6. Financial Aid Free Money Activity Human Barometer Students are to stand if they identify with the statement. Please stand up if: 1.You lost a family member on 9/11 2.You have parents in the military 3.You have done voluntary community service 4.You are the first person in your family to go to college 5.Your write poetry, short stories are engage in creative arts

  7. Stand up if: 6. You are considered a minority. (NON-WHITE black, Hispanic, Asian, East Indian) 7. You come from a low income household. 8. You are a non-citizen of the United States. 9. You are 22 years old or older. 10. You want to major in math, science, engineering, technology or foreign language. 11. You are a young woman. 12. You are a minority male.

  8. Scholarships/ Grant websites: • www.scholarships.com/ • www.fastweb.com/ Fastweb: Scholarships, Financial Aid, Student Loans and Colleges • www.phoenix.edu • www.ClassesUSA.com • How To Find a College Scholarship – YouTube • www.scholarshiphelp.org/ • www.college-scholarships.com/free_ scholarship_searches.htm

  9. What is FAFSA? ◦FASFA~Free Application for Federal Student Aid is the form used by the U.S. Department of Education to determine your Expected Family Contribution (EFC) by conducting a “need analysis” based on financial information, such as income, assets and other household information, which you (and your parents if you are a dependent student) will be asked to provide. www.fafsa.com

  10. FAFSA Eligibility Nearly every student is eligible for some form of financial aid, including low-interest Federal Stafford and/or parent PLUS loans, regardless of income or circumstances, provided that you: • are a U.S. citizen, a U.S. national or an eligible non-citizen; • have a valid Social Security Number; • have a high school diploma or GED; • are registered with the U.S. Selective Service (if you are a male aged 18-25); • complete a FAFSA promising to use any federal aid for educational purposes; • do not owe refunds on any federal student grants; • are not in default on any student loans; and • have not been found guilty of the sale or possession of illegal drugs during a period in which federal aid was being received.

  11. “When it comes to the future, there are three kinds of people: those who let it happen, those who make it happen, and those who wonder what happened.” ~ John M. Richardson, Jr.

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