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Learn about scholarships, grants, and loans, and how to apply for them. Discover the differences between various types of financial aid and find resources to help you finance your education.
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I’m Graduating This YearNow What? Advisory 2015/2016
What is the difference between a Scholarship Grant Pell Grant Subsidized Loan Unsubsidized Loan Parent Loan
Who Should Apply Anyone that plans on Post Secondary Education What does this mean to you?
Talk to your Parents • Your parents want to see you succeed • What can your parents do to help?
Why apply to more than one school? Close to home Away from home Big School Little School In State Out of State Affordable Program of Study Available Close to Home University Career Away from Home Community College Sports Friends Big School Little School Degree Degree In State Temperature Religion Out of State Expensive Affordable
So what is the difference? Eastern Washington University Scholarship for Academic Achievement http://www.ewu.edu/admissions/financial-aid/scholarships/freshmen_scholarships.xml 3.8 - ACT 28 - $3,000 per year Whitworth University Scholarship for Academic Achievement http://www.whitworth.edu/Administration/FinancialAid/ScholarshipOpportunities/FreshmanScholarships.htm 3.75 and SAT 2020-$20,00 per year Spokane Community College Scholarship for Academic Achievement Does not offer any award
2015-16 Whitworth Academic Scholarships for Incoming • Freshmen and Running Start Students • Mind & Heart Scholarship: $20,000 per year for four years3.75 GPA* AND 2020 SAT/30 ACT • Presidential Scholarship: $18,000 per year for four years4.0 GPA* regardless of test scoresOR3.75 GPA* AND 1870 SAT/28 ACT • Trustee Scholarship: $16,000 per year for four years3.9 GPA* regardless of test scoresOR3.6 GPA* AND 1800 SAT/27 ACT • Whitworth Scholarship: $14,000 per year for four years3.5 GPA* regardless of test scoresOR1720 SAT/25 ACT • Founder's Scholarship: $13,000 per year for four years3.4-3.49 GPA* regardless of test scoresOR1650 SAT/24 ACT • *Whitworth uses weighted GPAs (either from transcripts or calculated internally) to determine academic scholarships. If a weighted GPA is not available on a student's high school transcript, Whitworth will weight all honors, AP and IB classes on a 4.5 scale.
Brigham Young University This is a great example of how Academic Merit Aid Works
Have You Wondered Who Gets What? Blue gets the most aid.
Color Codes All of the EFCs are color coded to give you an idea of whether the student will qualify for need-based financial aid at four categories of colleges. The color coded EFCs in the table are based on national average costs and your income only. If your (income-only) EFC is BLUE – then your child should qualify for need-based aid at two-year public colleges; GREEN – would qualify at four-year public colleges (in-state tuition); YELLOW – would qualify at average four-year private colleges; ORANGE – would qualify at four-year elite private colleges, such as the Ivy League colleges and other highly selective and well-known universities; RED – would not qualify for need-based aid at any colleges or universities.
Lakeside High School Scholarship Web Site • Look at local affiliation Lions Club, Credit Unions Mom or Dads Job • Scholarship search engines (this has its limitations since it is national and not just local) • Areas of interest, ethnicity, height, sports, arts.. • Contact the financial Aid office at the school you are planning to attend • The school web site is adding everything that we get but it isn’t inclusive
Where Do I Start • Find 4-5 Post Secondary Options • Apply to all of them! • Start filling out Scholarship applications • Wait for your acceptance letter • Fill out the FAFSA- HAPPY NEW YEAR 2016!!! • Wait for your Financial Award letters from all the schools you applied to • Start making some decisions….
