1 / 55

Financial Aid

Financial Aid. Lehman Parent Night – December 4, 2013. Goals. Define the term, “financial aid” as it relates to college. Understand the process of how to get financial aid, beginning with what you and your family can do now. Understand how College Forward can help. Defining “Financial Aid”.

tale
Télécharger la présentation

Financial Aid

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. Financial Aid Lehman Parent Night – December 4, 2013

  2. Goals • Define the term, “financial aid” as it relates to college. • Understand the process of how to get financial aid, beginning with what you and your family can do now. • Understand how College Forward can help.

  3. Defining “Financial Aid”

  4. Defining “Financial Aid” Scholarships • What are the 4 types of financial aid a student can receive for college? Loans Grants Work-Study

  5. Defining “Financial Aid” Scholarships Loans • Let’s start with scholarships. Grants Work-Study

  6. Defining “Financial Aid” Scholarships • Private • Institutional Loans • There are 2 kinds of scholarships: private & institutional. What’s the difference? Grants Work-Study

  7. Defining “Financial Aid” Scholarships FREE But student must meet requirements • Private • Institutional Loans • Are scholarships free money or do you have to pay them back? Grants Work-Study

  8. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need • Private • Institutional Loans • Are scholarships merit-based or need-based? Grants Work-Study

  9. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! • Private • Institutional Loans • How do students get scholarships? Grants Work-Study

  10. Defining “Financial Aid” Apply! Scholarships FREE But student must meet requirements Mostly Merit Sometimes need NOW! • Private • Institutional Loans • When can students begin applying for scholarships? Grants Work-Study

  11. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Loans • A few things to keep in mind about scholarships… Grants Work-Study

  12. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Loans • They are very competitive. CF will focus on local scholarships and those we find most lucrative. Grants Work-Study

  13. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Loans • If you apply for 0 scholarships, you will get 0 money! Grants Work-Study

  14. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Loans • Beware of scams! Make sure your student is using his/her CF coach as a resource for the best places to apply for scholarships. Grants Work-Study

  15. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Loans • Are there any questions about scholarships before we move on? Grants Work-Study

  16. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Loans Grants • Let’s move on to loans. There are 2 kinds of loans: private & those from the government. What’s the difference? Work-Study

  17. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Loans • For the purpose of today, we’re going to talk about those loans that come from the government only. Grants Work-Study

  18. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Loans • Subsidized • Unsubsidized • What are the 2 types of government loans students are eligible for? What’s the difference? Grants Work-Study

  19. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Loans Pay Back • Subsidized • Unsubsidized Grants • Are loans free money or do you have to pay them back? Work-Study

  20. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans Loans Pay Back • Subsidized • Unsubsidized Grants • Are loans merit-based or need-based? Work-Study

  21. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA Loans Pay Back • Subsidized • Unsubsidized Grants • How do students get government loans? Work-Study

  22. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA Loans Pay Back • Subsidized • Unsubsidized Grants • Does anyone know what FAFSA stands for? Work-Study

  23. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA Loans Pay Back • Subsidized • Unsubsidized Grants • FREEApplication for Federal Student Aid. Work-Study

  24. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized Grants • When can students/families begin completing the FAFSA? Work-Study

  25. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized Grants • Remember, you MUST file taxes in order to complete the FAFSA. Work-Study

  26. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized Grants • A few things to keep in mind about loans… Work-Study

  27. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized • There are several types of government loans. CF will work with your family next year to ensure you get what you’re eligible for. Grants Work-Study

  28. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized • A good rule of thumb for your student to follow is not to take out more in loans for a degree than he/she will make their 1st year out of college. Grants Work-Study

  29. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized Grants • The national student debt average is currently $26,600. In Texas, the average is $22,000 Work-Study

  30. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized Grants • It’s important to begin thinking about college as an investment, like a car or house. Work-Study

  31. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized Grants • Are there any questions about loans before we move on? Work-Study

  32. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized • Let’s move on to grants. Grants Work-Study

  33. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans • Are grants free money or do you have to pay them back? Pay Back • Subsidized • Unsubsidized Grants FREE Work-Study

  34. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans • Are grants merit-based or need-based? Pay Back • Subsidized • Unsubsidized Grants Need But $ will go to those who apply 1st FREE Work-Study

  35. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized • How do students get grants? Grants Need But $ will go to those who apply 1st FAFSA/TASFA FREE Work-Study

  36. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional • TASFA stands for Texas Application for State Financial Aid Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized Grants Need But $ will go to those who apply 1st FAFSA/TASFA FREE Work-Study

  37. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional • You must file taxes in order to complete the TASFA. Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized Grants Need But $ will go to those who apply 1st FAFSA/TASFA FREE Work-Study

  38. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional • And, we’ve already covered when the FAFSA/TASFA can be completed. Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized January 1st of senior year (After you complete your taxes) Grants Need But $ will go to those who apply 1st FAFSA/TASFA FREE Work-Study

  39. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional • A few things to keep in mind about grants... Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized January 1st of senior year (After you complete your taxes) Grants Need But $ will go to those who apply 1st FAFSA/TASFA FREE Work-Study

  40. Defining “Financial Aid” • There are several types of grants. CF will work with your family next year to ensure you get what you’re eligible for. www.collegeforalltexans.com is a good resource to learn more about the different types of grants. Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized January 1st of senior year (After you complete your taxes) Grants Need But $ will go to those who apply 1st FAFSA/TASFA FREE Work-Study

  41. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional • TASFA students are only eligible for state grants, not federal grants. Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized January 1st of senior year (After you complete your taxes) Grants Need But $ will go to those who apply 1st FAFSA/TASFA FREE Work-Study

  42. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans • Are there any questions about grants before we move on? FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized January 1st of senior year (After you complete your taxes) Grants Need But $ will go to those who apply 1st FAFSA/TASFA FREE Work-Study

  43. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized January 1st of senior year (After you complete your taxes) Grants Need But $ will go to those who apply 1st FAFSA/TASFA FREE • Let’s move on to work-study. Work-Study

  44. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized • Is work-study free money or do you have to pay it back? January 1st of senior year (After you complete your taxes) Grants Need But $ will go to those who apply 1st FAFSA/TASFA FREE Work-Study Neither, you work for it!

  45. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized • Is work-study merit-based or need-based? January 1st of senior year (After you complete your taxes) Grants Need But $ will go to those who apply 1st FAFSA/TASFA FREE Work-Study Neither, you work for it! Combination

  46. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized • How do students get work-study? January 1st of senior year (After you complete your taxes) Grants Need But $ will go to those who apply 1st FAFSA/TASFA FREE Work-Study Neither, you work for it! FAFSA Combination

  47. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized • And we’ve already covered when the FAFSA can be completed. January 1st of senior year (After you complete your taxes) Grants Need But $ will go to those who apply 1st FAFSA/TASFA FREE January 1st of senior year (After you complete your taxes) Work-Study Neither, you work for it! FAFSA Combination

  48. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized • Are there any questions about work-study before we move on? January 1st of senior year (After you complete your taxes) Grants Need But $ will go to those who apply 1st FAFSA/TASFA FREE January 1st of senior year (After you complete your taxes) Work-Study Neither, you work for it! FAFSA Combination

  49. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional • We have successfully defined the term “financial aid” as it relates to college! Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized January 1st of senior year (After you complete your taxes) Grants Need But $ will go to those who apply 1st FAFSA/TASFA FREE January 1st of senior year (After you complete your taxes) Work-Study Neither, you work for it! FAFSA Combination

  50. Defining “Financial Aid” Scholarships FREE But student must meet requirements Mostly Merit Sometimes need Apply! NOW! • Private • Institutional • Are there any questions before we move on to the timeline of receiving financial aid? Neither – almost anyone can get these loans FAFSA January 1st of senior year (After you complete your taxes) Loans Pay Back • Subsidized • Unsubsidized January 1st of senior year (After you complete your taxes) Grants Need But $ will go to those who apply 1st FAFSA/TASFA FREE January 1st of senior year (After you complete your taxes) Work-Study Neither, you work for it! FAFSA Combination

More Related