Finding, Applying & Winning Scholarships and Applying for Financial Aid: A Guide for Children, Mentees & College Students
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  • It’s a comprehensive form
  • That way, when January 1 rolls around, students are ready to submit the application.
    So the more time that passes after the January 2 start date, the higher the risk of missing out on available funding
  • Essays are important in demonstrating need also
  • To allow time to get an application completed
  • Letter of recommendations: Ask your pastor, principal, teachers, supervisors, coaches, community leaders you worked with
    Letters from senator can work against you; looks like favoritism
    No family members or personal friends
  • That way someone else can use it for reference for you at another time

Transcript

  • 1. Presented by: Frenae Smith & Shani Allison SCHOLARSHIPS & FINANCIAL AID
  • 2. Financial Aid – is money used to help pay for college tuition and room & board Variety of financial aid tools available to students  Scholarships  Need-based awards  Work-study employment  Student loans  Private loans FAFSA = Free Application for Federal Student Aid FAFSA is your starting point to apply for many student financial aid programs FINANCIAL AID
  • 3.  Grants—student aid funds that do not have to be repaid (other conditions apply)  Work-Study—a part-time work program to earn money while you are in school  Federal Loans—student aid funds that you must repay with interest  Types of federal student loans:  Perkins  Direct Stafford  Direct PLUS (graduate and professional degree student borrowers)  Direct PLUS (parent borrowers)  Direct Loan Consolidation FINANCIAL STUDENT AID PROGRAMS
  • 4. Prepared to provide extensive information about:  Family income & income taxes from the previous year  Assets  Family size  The number of family members attending college By law, the FAFSA cannot be submitted before January 1 Gather the paperwork and fill out the FAFSA in December Student aid is generally awarded on a first-come, first-served basis FINANCIAL AID
  • 5. FAFSA form should be submitted by February 15  Each state varies on the due date Parents need to do taxes early – ideally by February 1st  Parents can estimate taxes to fill out the FAFSA form earlier than filing taxes, but can change figures later after filing  Don’t let tax filing hold up filling out the FAFSA on time Qualify for State Grants – released by March 15th Parents & students should apply for FAFSA Pin Numbers separately to speed the process up FINANCIAL AID
  • 6. If you are married and file separately then file the FAFSA form with the parent with the lowest income Student must be status – FULL time always List as many schools as possible Sign up for loans and work study FINANCIAL AID
  • 7. FINANCIAL AID
  • 8. Get free information and help from:  School counselor  Financial aid office at the college/university  Career school you plan to attend  U.S. Department of Education at www.fafsa.gov (online chat is also available), or call 1-800-4-FED-AID (1-800-433-3243). Visit the Financial Aid office of the colleges you tour Speak with an advisor to learn what the college can do for you to help with tuition FINANCIAL AID RECOMMENDATIONS
  • 9. Learn the college deadlines for filing aid Book Recommendation - "A Road to Success: The College Preparatory & Planning Guide“ - www.aroadtosuccessthebook.com FINANCIAL AID RECOMMENDATIONS
  • 10. “Prepare for the college scholarship search early. Do not wait until your senior year.” (www.scholarshipworkshop.com) SCHOLARSHIPS
  • 11. “Start early and work diligently and it will pay off. “ (www.scholarships.com) SCHOLARSHIPS
  • 12. Are a form of gift aid, which means that they do not require either repayment or work Most scholarships are based on:  Academic achievement  Leadership  Community service/Volunteer work  Special talents  Financial need SCHOLARSHIPS
  • 13.  Scholarships internal to the university or college  Local & Regional  Not found as easily through an Internet search  May be easier to win because the applicant pool is smaller  National  Harder to win due to greater competition Use a combination of resources to find as many scholarships to apply for as possible SCHOLARSHIP CATEGORIES
  • 14. Community Organizations High school guidance counselors office Private Organizations/agencies Private Donors Your parent’s companies/employers Local Library Academic units – college & universities Internet/search Web sites Church Family Military Affiliations SCHOLARSHIPS RESOURCES
  • 15. Never too early to find college scholarships Look at scholarship requirements and familiarize yourself with the requirements that will be required to complete the application process Know FAFA form deadline Discuss with parents financial situation for college  College tuition cost is on the rise  “College is a choice now a days”  “College may become a luxury for the few” SCHOLARSHIPS
  • 16. Decide on a college major because some scholarships are geared to specific majors Start and maintain good grades in high school Frequently requested documents include:  Transcripts  Financial aid forms  SAT and ACT scores  Copies of tax returns  Résumés  Letters of recommendation  Develop relationships with teachers, work supervisor, etc.  Photographs SCHOLARSHIPS
  • 17. Know scholarship deadlines and due dates Work on Community Service/Volunteer Work  Track hours  Retain list of projects and outcomes Compile Awards List Join school Clubs/organizations Athletic talent and activity SCHOLARSHIPS
  • 18.  Use social media to get information on scholarships  Interact with other students for information  Spend hours on the computer going through websites of scholarships  Check in with the school guidance counselor for information about scholarships but don't depend on them to do the work for you  Reach out to your parents to check their company scholarship for employee children and any organizations that they belong to SCHOLARSHIP
  • 19. Follow the guidelines; do not provide extra documents Type the application form Don't use fancy fonts! - stick with standard business fonts like Times New Roman or Arial Legibility and neatness are extremely important!!!  Your application can be eliminated if it cannot be easily read SCHOLARSHIPS
  • 20. Put your name on every page of the application Make copies of the application form so that you can create a working draft Use that draft to complete the final application form Answer every question SCHOLARSHIPS
  • 21.  Its more than your SAT scores:  Scholarship programs look at  Community activities  Leadership  Presentation of your application package  Scholarship interview tips  Special or unusual talents or skills  Essays  Check, check, and recheck for typos  Simple errors on scholarship applications will remove you from the competition  Make a complete copy of the application before you submit it SCHOLARSHIPS
  • 22. Not following directions Not paying attention to the deadline and missing it Not typing your application or sending in a sloppy application Forgetting to spell check and to proofread after you spell check Not including information such as a transcript or recommendation Not answering the essay question or another question asked. SCHOLARSHIPS COMMON MISTAKES
  • 23. What you can do in preparation:  Achieve good grades  Volunteer for community service projects  Get involve with school activities  Research colleges/universities  Research majors HIGH SCHOOL FRESHMEN
  • 24. What you can do in preparation:  Research local & national scholarships available  Research high school specific scholarships offer  Prep for SATs & ACT tests  Develop a timeline/calendar to log scholarship deadlines  Scholarship name  Due Date  Back up due date (six weeks ahead)  Requirements of scholarship (application, transcript, essay, references)  Maintain or improve grades HIGH SCHOOL SOPHOMORE
  • 25. What you can do in preparation:  Write generic essays (250 -500 words)  Ex. Where do you see yourself in 10 years?  Compile a list of essays you are eligible for  Prepare a resume of your life  This can be given to those who are selected to write letters of recommendation  Maintain or improve grades HIGH SCHOOL JUNIOR
  • 26.  Your life, challenges or obstacles you’ve overcome, a risk you have taken, family, etc. and how it influenced the person you are today  Something in the news domestically or internationally and how it relates your career decision, college selection, you as a person, etc.  Who you are ~ hobbies, sports, accomplishments, etc. and the value it would add to others. You may want to have both a written essay and a video profile of who you are. Be creative, but keep it professional.  Describe a fiction character, historical figure or a creative work (art, music, technology, etc.) that’s had an influence on you SCHOLARSHIPS ESSAY TOPICS
  • 27. What you can do in preparation:  Write several DRAFT essays that can be tweaked for any purpose (250 – 500 words)  Request letters of recommendation (at least 3) from your strongest cheerleaders (Teachers, Coaches, Counselors, Administrators, Community Leaders, etc.) prepped and ready to submit with applications  Fill out applications ahead of time  Work hard in August, September and October  Some scholarships are due in September & October  Need access to computer & internet  Most applications are online submittals  Apply to scholarships for your list of targeted schools  Maintain good grades HIGH SCHOOL SENIOR
  • 28.  Jackie Robinson Foundation Scholarship Award (http://www.jackierobinson.org/)  Provides scholarships of up to $7,500 annually to minority high school students showing leadership potential and demonstrating financial need to attend an accredited 4-year college or university of their choice  Eligibility  To be eligible for a Jackie Robinson Foundation Scholarship, an applicant must:  Be a graduating, minority high school senior;  Plan to attend an accredited and approved four–year institution within the United States;  Show leadership potential;  Demonstrate a dedication to community service;  Present evidence of financial need;  Be a United States citizen;  A minimum SAT score of 1,000 combined on the math and critical reading sections or a composite ACT score of 22; and  Not possess a degree from a 2 or 4–year College when applying for the scholarship. EXAMPLE
  • 29. JRF Application Components:  A completed and submitted online application  One (1) letter of recommendation submitted online only  SAT or ACT scores sent to the Foundation directly from the testing agencies  The Foundation’s college codes are: SAT 4248/ACT: 6570  You will need to have a copy of your SAT or ACT scores and your latest high school transcript in order to complete the questions on the online application EXAMPLE
  • 30. Build a file on scholarship information & copies of your applications  It can be physical such as files in a file container  Scan in physical copies of packets and store electronically  It can be electronic such as a word document file on your computer  Back up electronic copy file on a flash drive or external hard drive Develop a year round calendar Do your research before your senior year in high school Make sure your application is professional and compelling!!! SCHOLARSHIP RECOMMENDATIONS
  • 31. Work on general essay topics Develop leadership experience Volunteer in the community Know the process is ongoing Do not ignore scholarships that may be local or those for small amounts  Scholarship amounts, even as small as $50, can add up SCHOLARSHIP RECOMENDATIONS
  • 32. Make a copy of the letter of recommendation before submitting the scholarship packet Send thank you notes to the people who wrote letters of recommendation SCHOLARSHIP RECOMMENDATIONS
  • 33.  www.scholarships.com  http://www.psu.edu/studentaid/scholarships/private.shtml?reload  http://www.blackexcel.org/200-Scholarships.html  http://www.scholarshiphelp.org/preparing_application.htm  http://www.scholarshipworkshop.com/the-scholarship-toolbox/scholarship- tips.html  http://www.collegeanswer.com/counselor/content/college101/fafsa.jsp  http://www.celestialsent.com/?p=6  http://studentaid.ed.gov/PORTALSWebApp/students/english/funding.jsp#02  http://money.howstuffworks.com/personal-finance/college-planning/financial- aid/college-financial-aid1.htm RESOURCES
  • 34. Can We Clarify Anything?
  • 35. High School Resume example Freshmen year Resume example BACK-UP SLIDES