Scholarship and Financial Aid Presentation

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Scholarship and Financial Aid Presentation

  1. 1. FINANCIAL AID AND SCHOLARSHIPPRESENTATIONPresented by Mr. Bolton and Mrs. Buisch
  2. 2. PIN AND FAFSA PIN: Signature for Federal Student Aid  Apply any time Free Application for Federal Student Aid (FAFSA):  Starting date for application: January 1st *We recommend applying by February 15th (estimate taxes) Information needed in order to complete FAFSA:  Social Security number (student’s and parent’s)  Driver’s license number (if existent)  Federal tax returns and income information (W2)
  3. 3. FAFSA PROCESS1) Apply for a PIN - www.pin.ed.gov2) Apply for federal student aid - www.fafsa.ed.gov3) Receive Student Aid Report (SAR) via email, review, and complete online  Estimate taxes if not filed yet4) Receive Financial Aid Award letters from individual colleges5) Accept or appeal Financial Aid Award: *Note: Exercise caution if appealing. Students with unusual financial issues should contact the college’s financial aid office and explain their situation
  4. 4. FINANCIAL AID RESOURCES FAFSA resources:  Online chat - http://www.fafsa.ed.gov/contact.htm  1-800-4-FED-AID (1-800-433-3243) or 319-337-5665  Email - FederalStudentAidCustomerService@ed.gov College financial aid offices Financial Aid Night – FREE Parent Financial Aid Seminar is the first Thursday in January after winter break
  5. 5. GRANTS Qualifying students can receive free money toward their post-secondary education in the form of grants Federal – Awarded by the federal government, based on family income State – Awarded by state organizations, based on specific criteria  NY State Tuition Assistance Program (TAP) – For students attending approved schools in NY. https://www.tapweb.org/totw/
  6. 6. LOANSLoans allow students to borrow money and repay inincrements with varying interest rates Federal Loans - Usually offer low interest rates  Subsidized Stafford loans – Based on income  Unsubsidized Stafford loans – Available to all students  Plus loans – Parents can obtain to help pay for education  Consolidation loans – Combines multiple loans into one payment State Loans – The New York Higher Education Loan Program (NYHELPS):  Offered to students who have exhausted all federal, state, and institutional aid  http://www.hesc.com/content.nsf/NYHELPs/Loan_Details Private Loans – Higher interest rates, often available through banks
  7. 7. SCHOLARSHIPS Scholarships reward money to students to help fund post-secondary education Reasons to apply for scholarships: 1) Free money! 2) Awarded for various criteria 3) If you can’t pay for college, you can’t go 4) Less to pay back later 5) There is NO good reason not to apply
  8. 8. SCHOLARSHIP PACKET REVIEW1) Fill out information on front page of packet2) Highlight names of scholarships in packet for which you are qualified to receive3) Drop packet off with Mrs. Oas in the SCO: *Please be patient and give her 24-48 hours4) Pick up scholarship packet in the SCO5) Fill out applications for scholarships6) Ask at least three people for letters of recommendation: a) Give these people two week’s notice b) Send them “thank you” letters
  9. 9. ADDITIONAL SCHOLARSHIP RESOURCES SCO - Visit weekly for additional scholarship opportunities College and financial aid websites (see attached list) Free scholarship search: http://www.scholarships.com/ http://www.fastweb.com/
  10. 10. BEWARE OF SCAMS Be cautious of certain businesses, websites, and seminars that promise money toward college in exchange for payment for their services  These may appear to offer legitimate services but are actually charging money for free information There are plenty of resources, including the SCO, which provide free scholarship information A list of legitimate websites is provided on the second page of the scholarship packet
  11. 11. QUESTIONS? COMMENTS?

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