Navigating financial aid

  • 59 views
Uploaded on

 

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
59
On Slideshare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
1
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. NAVIGATINGFINANCIAL AID UNCC SIFE
  • 2. YOUR OPTIONS: PAYING FORCOLLEGE•Grants•Loans•Scholarships•Work-Study Programs
  • 3. GRANTSDescription:  Grants are funds from the federal government forschool expenses.  They dont have to repaid.Who Qualifies?Grants are typically given to students with financial needTypes:- Pell Grant (up to $5,500)- Academic Competitiveness Grant (Need and Merit-based)- FSEOG Grant- Major-Specific Grants- State-Specific Grants
  • 4. LOANSDescription: Funds given for school expenses that have to berepaid.  They are just like other loans and have interest.Who Qualifies? Loans are generally given for students withfinancial need, but less need than for grants.From FAFSA:- Perkins Loan (through college)- Subsidized loans     Interest payments are paid for by government throughcollege- Unsubsidized loans   You are responsible for all interest payments at all times,even    during college- Parent PLUS loans (applied for by your parents)
  • 5. LOANSPrivate Loans •Banks offer loans •Must qualify for them just like a mortgage or car financing (credit based) •Not subsidized •SallieMae
  • 6. SCHOLARSHIPSDescription: Scholarships are FREE MONEY!   Who Qualifies? It depends on the scholarship.  They candepend on financial need, your grades, your location, youractivities, or just you writing an essay Through Your School: •Some schools will offer scholarships directly through your FAFSA form •Many departments have scholarships that you have to apply for separately •Merit scholarships: Look and see how your college awards merit scholarships •Automatically through your application •Separate application
  • 7. SCHOLARSHIPSPrivate Scholarships:Almost every organization you can think of offersscholarships  •Start your search here: o College Foundation of NC o FastWeb •Find ones that you are qualified for •Apply early •Write good essays (PROOFREAD) Beware of Scholarship Scams! •Require a payment to apply •Guarantee awards
  • 8. THE PROCESS- SECURING AND USING AID• Completing the FAFSA• Using your Financial Aid Officer• Manage your Refund
  • 9. THE PROCESS OF FILLING OUT THE FAFSA• STEP #1• Get organized!• To simplify the application process, gather required documents and other information ahead of time. o Determine Your Dependency Status o FAFSA on the Web Worksheet o Search for School Codes o Students & Parents Apply For a PIN o Check Application Deadline Dates
  • 10. THE PROCESS OF FILLING OUT THE FAFSA• STEP #2 • STEP #3• Fill out the application! • View your results online!• The FAFSA contains • You can check the status questions that ask about of your application, make you, your financial corrections to a processed information, your school FAFSA, and get other plans, and more. information.  o Sign Electronically With Your PIN o View and Print Your Student Aid Report o Fill Out Your FAFSA o Check Status of a Submitted FAFSA or P o Open Your Saved FAFSA or Correction Application o Make Corrections to a Processed FAFSA o Add or Delete a School Code
  • 11. WHAT TO DO WITH ALL THATMONEY??!!
  • 12. WHAT TO DO WITH ALL THAT MONEY??!!What is a Refund Check? • Consists of the amount of money left over after tuition and fees are paid to the school. (Usually direct deposit)What SHOULD I do with my refund check? • 1.  Budget out how you are going to spend it  • 2.  Keep some for yourself (savings) • 3.  Emergency fund • 4.  Pay down debt • 5.  Treat it like a gift • 6.  Its for school stuff, so use it for school stuff