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Paying for College: From Zero to Hero

Paying for College: From Zero to Hero






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    Paying for College: From Zero to Hero Paying for College: From Zero to Hero Presentation Transcript

    • ACT Conference Paying for college: from zero to hero
      Stephen Rogers
    • Who Am I?
      Steve Rogers manages outreach for the Utah Higher Education Assistance Authority (UHEAA)
    • People with a bachelor’s degree account for less than 12% of unemployment claims filed. Utah Department of Workforce Services Profiling Job Loss Through Initial Unemployment Claims July/August 2009
    • UHEAA’s Mission
      • … to inform, educate, guide, and assist all students and parents with making informed decisions about preparing,participating,completing,andpaying for Higher Education in Utah, with a priority and emphasis in serving low-income, first generational, and ethnic minority students.
    • What is College Goal Utah?
      Adapted from NASFAA’s College Goal Sunday
      1989, Indiana Student Financial Aid Association
      Assist students with financial aid preparation and eligibility
      Funded by Lumina Foundation
      Private educational research firm, Indiana
      3 year grant cycle
      Target = Low Income & Non-Traditional Students
      FAFSA Completion
      Staffed by financial aid professionals
      Sunday after Super Bowl, 2:00 p.m. to 4:00 p.m.
      This day/time can be modified for Utah
      35 states participated in 2008
    • CollegeGoalUtah Concept
      Identify Utah High Schools Demonstrating –
      Location (need)
      Size: High Volume of Seniors
      25-50% FRLR,
      lower SES
      Under-represented, rural, high minority
      Navajo Reservation
      State wide effort
    • College Goal Utah Model
      High School Coordination
      Principal, Counselors, Financial Literacy Teachers
      Schedule Classroom Time
      Financial Literacy Courses
      General Financial Aid Overview & FAFSA
      Advertise College Goal Utah Nights with Postcard
      Computer Space & Ensuring Coverage (CGU Nights)
      Train counselors & financial literacy teachers, 3:00 – 4:00 p.m.
      Assist students with FAFSA completion, 4:00 p.m. – 7:00 p.m.
      CGU Dates
      Early February - April
    • What to Bring on CGU Night?
      Don’t be afraid to bring your friends, a league of experts is there to help
    • We need to prepare and make
      Use of the strengths these new
      Faces will bring to our state.
      SOURCE: WICHE, Knocking on the College Door, 2008
    • Are Students Applying Under Current Model?
      Percentage of low-income students completing the FAFSA has increased
      In 1999-2000, 57% of low-income undergraduates applied
      In 2007-08, 68% of low-income undergraduates applied
      But because the overall numbers of students has also grown, we have lost ground
      In 1999-2000, 3.3 million low-income undergraduates did not apply
      In 2007-08, 3.6 million low-income undergraduates did not apply
      Source: OPE Analysis of National Postsecondary Student Aid Study (NPSAS 2008, 2004, 1999, and 1995)
    • College Goal Utah’s Goals & Objectives
      1) Compliancewith Federal Financial Aid Regulations
      2) Increase early awareness & preparation of financial aid programs
      3) Implementation of college and financial aid evenings, including regional FAFSA workshops.
      4) Development of Utah high school and college partnerships.
      5) Promote Utah Futures & FAFSA Completion.
      6) Provide ongoing professional development for middle and high school counselors
      7) Build & maintain business and education partnerships working towards increasing the college going rate.
    • Financial Aid 411
    • Types of Aid
      Student Loans
    • Scholarships
      Diversity Academic Department
      Community Service
      Interest/hobby based
    • Deadline
      Letters of recommendation
      Save outstanding writing assignments!
      Preparing for Scholarships
    • Follow the directions
      Tailor your essay to the scholarship
      Be yourself, and be memorable
      Write about something you care about
      Give examples
      Be honest
      Spelling & grammar check (have two readers)
      Scholarship Essays
    • ACT efforts
      Get to know your recruiter
      Get involved
      Search beyond institutions
      Convince the committee that you’re the perfect fit
      Show your plan for success
      Demonstrate your financial backup plan
      Eight Tips from the Experts
    • Institutional Ambassador Programs
      Resident Advisor
      Other Scholarship Resources
    • April 21, 2010
    • New Century Scholarship- Overview
      March 2011
      This scholarship encourages students to accelerate their education by earning an Associate’s degree while in high school
      Created in 1999
      Initiated by former Governor Leavitt
      In the 12th year award cycle
    • New Century — Program Requirements
      March 2011
      Application Deadline has Passed
      2011 Applicants must:
      Earn Associate’s degree by the date of high school graduation
      Earn a minimum 3.0 college GPA
      Achieve a minimum high school GPA of a 3.5
      Home School Student
      Must earn an ACT Score of 26 or higher, score submitted by June 15
      Verify they have no criminal record
      Meet Citizenship requirement
    • New Century — Application Timeline
      March 2011
      Application Timeline for 2011 High School Graduates
    • Regents’ Scholarship - Overview
      • Established in 2008
      • Based on nationally-recognized foundational core designed to help students prepare for college academically and financially
      Fact: Students can qualify for 1, 2, or 3 of the awards. For example a student can qualify for the Base award only, Base and UESP, Base and Exemplary, or Base, Exemplary and UESP.
      Regents’ Scholarship
    • Regents’ — Application Timeline
      A complete application file consists of:
      The application itself which is submitted online (2011 Deadline Passed)
      Supporting documents which must provide evidence of what the student reported on the online application is true and accurate--these documents are mailed
      Note: All deadlines are postmarked deadlines unless otherwise stated.
    • Scholarship Funding
      March 2011
      Award Levels for 2011-2012 College Academic year
      • The Regents’ Scholarship Base award will be a $1,000 one-time payment;
      • The New Century Scholarship award and Regents’ Scholarship Exemplary Academic Achievement award will be aflat dollar amount of $1250 per semester and issubject to the student renewing it each semester and the flat rate will be applied to all scholarship participants; and
      • The Regents’ Scholarship Utah Educational Savings Plan award is subject to contributions to your UESP trust account and is a one-time payment.
      The Award amounts are determined on an annual basis and are subject to legislative funding and number of qualified participants.  Therefore, award amounts may be reduced, may vary from year to year, and are dependent on when the recipient is enrolled in college. Funding levels beyond Spring of 2012 are unknown and the award amounts will be determined in April of each year. However, the maximum New Century award and the Regents’ Scholarship Exemplary Academic Achievement award amount that a student may receive is $1250 per semester.
    • Things to Consider…
      March 2011
      Student should look to ALL financial aid opportunities
      If possible diversify, rather than relying on one
      Other Financial Aid Options
      Saving for College through the Utah Educational Savings Plan program
      Work while attending school
      Private Scholarships/grants
      --visit UtahFutures.org
      Federal Financial Aid
      Loans, Grants and Work Study
    • Where to Find Scholarships Information
      To access the scholarship information
      Click on “Scholarships”
      Click on the specific program that you want to access
    • Scholarship Contact Information
      March 2011
      New Century
      Regents’ Scholarship
      801-321-7294 (students and parents)
      801-321-7159 (school personnel)
    • In the Face of Overwhelming Odds…
    • Process Improvements
      • Use of newer, state of the art Web technology – Web 2.0
      • Populate with data directly from the IRS
      • Increased use of ‘skip-logic’
      • Provide applicant with types and amounts of aid likely to receive
      • Working with states and schools
    • Technology
      Status indicators will guide applicants through web modules (e.g., student demographics, basic eligibility, dependency status).
      Student and parent sections of the application will be more clearly identified.
      Dynamic question labels, help text and instructions based on applicant profile (e.g., marital status, responses to tax filing status, type of tax return filed).
    • Technology
      2010-11 design facilitated by technology upgrade
      Updated navigation reduces the number of pages and length of the application
      Display of help text and instructions will be enhanced by:
      use of field instructions
      flyover text
      modal boxes
    • Technology
    • Technology
    • IRS Data Share
      • Populate with IRS Data
      • No taxpayer consent needed because data is not released to a third party.
      • While in FAFSA on the Web, applicant (tax filer) submits a real-time request to IRS.
      • IRS sends real-time results to applicant (taxpayer) in new window.
      • Applicant (tax filer) transfers data to FAFSA on the Web.
    • Results Reporting
      Students will receive more detailed information on their FAFSA on the web confirmation page and Student Aid Report (SAR)
      • An estimate of the Pell Grant award amount
      • An indication of student loan eligibility
      • Links to College Navigator for detailed information about the institutions selected:
      Programs offered,
      Tuition and fees,
      Graduation rates, etc.
    • Notable News
      Easy to remember web address:
      (never access fafsa.com)
      PIN web address is still:
      (real time PIN for applicants)
      New, streamlined application facilitated by technology upgrade
      Reduced screens for applicants to fill out
      22 questions are eliminated (improved skip logic)
      17 web screens are eliminated
      Access to information about schools and states where they apply
    • RECAP – Continued…
      Improved Student Aid Report (SAR)
      will contain:
      Will receive more detailed information on SAR
      Estimate Pell grant 
      Indicate loan eligibility
      Links to colleges to see:
      Programs offered
      Tuition and fees
      Graduation rates, etc.
      • Pell
      • FSEOG
      • LEAP
      • TEACH
      • UCOPE
      Grants (2011-2012 School Year)
    • Possible reduction in maximum award amount
      $5,550 - $845 = $4705
      Possible changes to year-round grant
      Pell Uncertainty
    • Work-Study
      Work on or off of campus
      Flexible work schedule
      What you earn won’t count against you for next year’s financial aid
      Have to apply
    • Student Loans
      Federal Loan Programs
      Stafford Loan
      PLUS Loan
      Private/Alternative Loans
    • Other Federal Aid
      Robert C. Byrd Honors Scholarship Program
      Corporation for National and Community Service
      U.S. Department of Veterans Affairs
      Reserve Officers Training Corps (ROTC)
      Bureau of Indian Affairs (BIA) Grants
      Vocational rehabilitation benefits
      U.S. Department of Health and Human Services (HHS)
    • Savings
      Summer jobs
      Bank savings accounts
      CD savings accounts
      529 Savings Plans
    • Utah’s official and only 529 college savings plan
      A 529 plan is a tax-advantaged program to save for higher education expenses.
      What Is UESP?
      Administered by the Utah State Board of Regents and the Utah Higher Education Assistance Authority
      Direct-sold programA nonprofit agency
    • Use of the Money
      Qualified Higher Education Expenses
      • Funds can cover tuition, fees, room and board, books, supplies, and required equipment
      • Use at any educational institution (including college, technical school, or graduate school in the United States or abroad) that participates in federal financial aid programs for students, not just in Utah (for a list of qualified schools, see fafsa.ed.gov)
    • Tax Benefits
      • Earnings exempt from federal and Utah state income tax if used for qualified higher education expenses
      • Utah state income tax credit per beneficiary can be claimed up to the following amounts:
    • After the FAFSA
      • Ask about other forms
      Contact the schools you are interested in attending and find out what they require for a “complete application”
    • What if your situation has changed from last year?
      If you have experienced…
      Parent lost a job
      Medical expenses that weren’t covered by insurance
      Parents divorced
      You cannot get your parents’ info
      Any other unusual changes
    • Contact the school’s financial aid office!
      What if your situation has changed from last year?
    • Check with your school about deadlines
      • See if there is a deadline to file your information
      Make sure you receive your financial aid before classes start
      Meeting this deadline could also get you access to additional types of financial aid
      • Remember…
      You’ll need to file a new
      FAFSA every year.
      Make sure to get it in by
      the deadline
    • How much aid do you need?
      School—Cost of Attendance (COA)
      • Tuition and Fees
      • Room and Board
      • Transportation
      • Books and Supplies
      • Miscellaneous Living Expenses
      • FAFSA—Expected Family Contribution (EFC)
    • How will you know?
      The school will send an award letter
      Many times this is online, or through email
      The award letter will explain what types of aid are available
      Choose what aid you accept and let your school know
    • Contact the school’s financial aid office!
      What should you do if you have any questions or problems?
    • Questions
    • Find more information at
    • Michelle Riddle
      (801) 321-7145
      Sumiko Martinez
      (801) 366-8477
      Brian Hosie
      (801) 321-7245
      Steve Rogers
      (801) 366-8460
      UHEAA Outreach