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Presented by: Fiorella Sassarini Titan Choices Program California State University, Fullerton

Introduction to Financial Aid. Presented by: Fiorella Sassarini Titan Choices Program California State University, Fullerton. What we will discuss…. Estimated cost for college attendance Types of financial aid available FAFSA AB 540 Eligibility

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Presented by: Fiorella Sassarini Titan Choices Program California State University, Fullerton

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  1. Introduction to Financial Aid Presented by: Fiorella Sassarini Titan Choices Program California State University, Fullerton

  2. What we will discuss…. • Estimated cost for college attendance • Types of financial aid available • FAFSA • AB 540 Eligibility • California Dream Act Application (AB 130 & 131) • Important resources

  3. Independent Colleges and Universities www.aiccu.org More than 75 California Community Colleges (CCC) www.cccco.edu California State University (CSU) www.csumentor.edu University of California (UC) www.ucop.edu Varies: (Check with College or University of your choice) 112 23 10 Associates, Bachelors, Masters, Doctoral, and Professional Degrees ACT plus writing or SAT Reasoning SAT II Subject (optional) ACT or SAT Reasoning English and math Placement test prior to enrolling Average $29,350 per year Bachelors, Masters, And limited Doctoral Degrees Bachelors, Masters, Doctoral and, Professional Degrees Associate degrees and vocational certificates Approximately $ 13,200 per year Approximately $6,626 per year $46 per unit Four Systems of Higher Education System Number of Campuses Required Entrance Exam(s) Degrees Offered Student Fees / Tuition (subject to change)

  4. Cal State Fullerton Estimated Cost(2012-2013) *For a full-time California resident undergraduate student

  5. Student Aid Eligibility • Be a U.S. citizen or eligible noncitizen • Have a valid Social Security Number (SSN) • Have a high school diploma or GED • Be enrolled in college • Maintain satisfactory academic progress once in school • Please note, students without a SSN or lawful immigration status may qualify for certain financial aid by submitting the California Dream application (must meet AB 540 requirements)

  6. Types of Financial Aid • Eligibility is first determined by the completion of the Free Application for Federal Student Aid (FAFSA) • Financial aid is available to students (dependant on eligibility) in the following forms: • Grantsaremoney you don’t have to repay, typically based on financial need. • Scholarshipsare free money, usually based on your area of study or merit. • Work-study allows you to earn money while working on campus • Loans are borrowed money that you must pay back, usually with interest.

  7. Federal and State Financial Aid (Grants) • Federal Grants • Pell Grant, amount varies up to $5,550 per year • Federal Supplemental Educational Opportunity Grant (FSEOG), amount varies up to $800 per year • State Grants from California • Cal Grant A, amount varies and is applied to tuition • Cal Grant B, amount varies and is applied to tuition • Cal Grant B Access Grant, Up to $1,551

  8. Federal Financial Aid (Loans) • Federal Loans • Direct Stafford Loan • The U.S. Department of Education is the lender • Subsidized • Must demonstrate financial need. US Department of Education pays interest on the loan while student is in school • Up to $3,500-$8,500 depending on year of school • Unsubsidized • The borrower is responsible for paying all interest on the loan starting on the date the loan is first disbursed

  9. Federal Work-Study (FWS) • Determined by financial need • Students may work up to 20 hours per week • Money earned in program is treated as financial aid and not counted against student in determining aid for following year

  10. Financial Aid Application FAFSA Free Application for Federal Student Aid Priority deadline to file is March 2, 2013 File by paper or internet www.fafsa.ed.gov Need federal pin to sign www.pin.ed.gov

  11. Cal Grant Application • FAFSA • GPA Verification • For California Residents and Cal Grant Applicants • Deadline to file: • Incoming high school seniors March 2, 2013 • Community College transfers Sept. 2, 2013

  12. Resident VS Non-Resident Fees • Full-time CA resident student pay $3,338.00 per semester (basic tuition fees) • Non-resident student pay $372 per unit PLUS the basic tuition fees Example: 12 units x $372 = $4,464 $4,464 (non-resident fees) + $3,338 (basic fees) = $7,802

  13. Assembly Bill 540 (AB 540) • Students may qualify for in-state tuition fees at UC, CSU and California Community Colleges • Completed at least 3 years of high school in California and • Graduated from a California high school or received your GED in California • Complete and submit the AB 540 affidavit form at the college/university that you will attend(California Non-Resident Tuition Exemption form) www.fullerton.edu/ab540

  14. California Dream Act of 2011 (AB 130 & 131) • Must meet eligibility for AB 540 requirements • Students may qualify for • Non-state funded & private scholarships • State-funded financial aid such as institutional grants (UC & CSU State University Grants), community college fee waivers, Cal Grants, EOP and Chafee Grant. • Must submit the California Dream Application by March 2 • DO NOT submit the FAFSA application www.caldreamact.org

  15. www.caldreamact.org

  16. Educational Opportunity Program(EOP) • Primarily for low-income and educationally disadvantage students • How will EOP benefit me? • Provides academic advising with assigned counselor to go over short-term and long-term goals • Assistance in finding extracurricular activities and involvements that sync with goals • Additional $800 grant to those who qualify • How do I apply? • www.csumentor.edu Mark “yes” to question 14a • EOP application must be completed after you submit campus application including letters of recommendation • Students that qualify for AB 540 also may apply for EOP

  17. Scholarships • For on-campus scholarships check with the university • For off-campus scholarships, please visit the following sites: • www.finaid.org • www.fastap.org • www.fastweb.com • www.collegenet.com/mach25/app • http://apps.collegeboard.org/cbsearch_ss/welcome.jsp

  18. Resources • California Student Aid Commission (www.csac.ca.gov) • (888) CA GRANT (1-888-224-7268) • Department of Education/FAFSA information (www.fafsa.ed.gov) • (800) 4FED-AID (1-800-433-3243) • CSUF Office of Financial Aid – (657) 278-3125 • Fastweb Scholarship Search – www.fastweb.com • Financial Aid Information Page – www.finaid.org • Information about California colleges – www.californiacolleges.edu • CSU Mentor - http://www.csumentor.edu/FinAid/

  19. THANK YOU

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