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Financial Aid 101

Get the information you need about financial aid and learn how to qualify for various types of assistance. Discover grants, scholarships, loans, and work-study programs that can help you pay for your education. Presented by Griselda Morones from Santiago Canyon College High School & Community Outreach.

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Financial Aid 101

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  1. Financial Aid 101 Presented by Griselda Morones Santiago Canyon College High School & Community Outreach www.sccollege.edu

  2. What is Financial Aid?“Stackable” money to help you pay for your education. Based on if you meet the eligibility requirements for each program,You may qualify for a combination of many types of financial aid!

  3. Types of Financial Aid Borrowed (Loans) FREE • Grants • Scholarships • Subsidized • Unsubsidized • Parent PLUS Earned • Work Study

  4. State Grant: Low to middle income students who: CAL GRANT A • Meet the income ceilings and asset ceilings • Have financial need (low to middle income) • 3.00 High School GPA minimum • Associate or Bachelor programs only within California • Can only be used for tuition and fees • Cannot be used at a Community College but can be in reserve for up to two years until student transfer to a university

  5. State Grant: CAL GRANT B

  6. State Grant:

  7. State Grant:Student Success Completion Grant (SSCG) • The purpose of the SSCG grant is to provide students with additional financial aid to help offset the total cost of community college attendance, and to encourage full-time attendance and successful on-time completion. • The SSCG is for Cal Grant B and C recipients attending a California Community College full-time (12 units or more).  On top of the Cal Grant B or C award the SSCG pays full-time Cal Grant B or C recipients a maximum of: • $1,298 annually at $649 per semester for eligible students who enroll and attend 12—14.99 units per term or • A maximum of $4,000 at $2,000 per semester for eligible students who enroll and attend 15 units or more per term. • Eligibility Criteria • Must be a Cal Grant B or C recipient that received a full-time Cal Grant payment • Must be enrolled full-time (12 units or more) • Must be meeting Federal Satisfactory Academic Progress (SAP) standards • Must have unmet need to receive the SSCG

  8. State Grant:Middle Class Scholarship

  9. The government provides you money for school: Federal Grant:Pell Grant • Awarded to undergraduate students • You can receive the Pell Grant for a maximum of 12 semesters or 6 years • Award depends on your financial need, cost of attendance, full or part-time status, etc… Award amounts for 2019-2020 is up to $6,195

  10. State & Federal GrantChafee Grant Program • For students who were in foster care and have financial need. • The Chafee Educational and Training Voucher (ETV) is federal and state funded with a current minimum amount of $5,000 per academic year; not to exceed cost of attendance. • To qualify, students must be a current or former foster youth and not have reached their 25nd birthday as of July 1 of the award year. • Additional criteria applies! Please check in with a Guardian Scholar Representative at your school site.

  11. FREE Financial Aid From a Variety of Sources

  12. Scholarships • Money you do not have to repay, usually based on the student’s skills, interest, area of study or scholastic performance • Athletic, musical, or other special talents • Community Service • Good grades • High test scores • Beware of scams www.fastweb.com www.hsf.net www.coca-colascholarsfoundation.org www.latinocollegedollars.org www.unitedwayoc.org/sage-scholar-program https://www.maldef.org/resources/scholarship-resources/ Contact the Career Center Coordinator or Counselor for more scholarships

  13. Overview: Federal Program:Federal Work Study • Part-time employment while you are enrolled in school • Administered by schools participating in Federal Work Study Program • Available to full-time or part-time students Where can I work? • On or off campus (at some colleges) • Bookstore, Starbucks, Library, Recreation Center • Special Programs (Talent Search, Upward Bound, etc..)

  14. Examples of Work-Study jobs:

  15. Federal Program: Student Loans

  16. What you will need to get started! • 2018 Tax Return (1040, 1040A or 1040EZ) • 2018 W-2 Forms • Soc. Sec.# for parents/students (if applicable) • Marital status • Date of marital status (parents) • Permanent Resident card (if applicable) • Parents date of birth • Parents educational level (Important to add!) • Students CA driver’s license number

  17. February - March October 1 – March 2 March - April • Submit your FAFSA, Dream Act Application & Cal Grant GPA Verification Form (from high schools). Receive an email right away from FAFSA Student Aid Report (SAR). • Receive aCalifornia Aid Report (CAR) via email and Create your Webgrants4Students.org account. October - March May 1 Financial Aid Timeline • Students receive admission letters from colleges • Students receive a financial aid award letter from each campus that accepts them • Students must file their Statement of Intent (SIR) to enroll in ONE college & pay a deposit fee • *Fees are waived if the student is a fin. aid recipient by some campuses

  18. LAST STEP

  19. California College Promise Program

  20. Questions?

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