3. FAFSA
FAFSA stands for: Free Application For Federal Student Aid
A form that can be prepared annually by current and prospective college
students (undergraduate and graduate) in the United States to determine
their eligibility for student financial aid
4. FAFSA
FAFSA determine their eligibility for student financial aid including the
Pell Grant, Federal student loans and Federal Work-Study.
5. FAFSA
The Things you’ll need to complete your fafsa is ..
Social Security Number
Residence Card Registration Number
Parents/Your tax returns, W-2s, and other records of earned
money.
Fafsa Pin
www.FAFSA.gov
6. FAFSA
BEFORE you fill out the FAFSA …
Create a personal identification pin
And a extra pin for your parents
7. FAFSA
There are 3 sections of questions you will be asked:
Personal
These are questions like your name, your address, etc.2.
Financial
These questions are about your income
Parent
This section is for your parents to fill out
8. FAFSA
For conerns or questions contact FAFSA, using these 3 resources:
the help/hints box in the corner
the chat to talk with a FAFSA expert.
www.studentaid.gov
12. Scholarships
Example of places to get a scholarship from..
state schools
private companies
non-profit companies
individuals
and even some fast food chains!
13. Scholarships
Scholarships require something to show that you deserve the money the
company or organization is willing to give you.
Certificates of previous education
Letters of recommendation (usually the requirement is at least 5
letters)
Language certificate
Motivation letter
Curricular resume
One or more essays
14. Scholarships
Most of the time, if you receive the scholarship, you will be notified by one of
three ways
Email
A letter in the mail
A phone call
16. Grants
Grant Definition
A sum of money given by an organization, especially a government, for
a particular purpose
The money does not have to be paid back!
17. Grants
several types of federal grants:
Federal Pell Grants
Federal Supplemental Educational Opportunity
Grants (FSEOG)
Teacher Education Assistance for College and
Higher Education (TEACH)
Iraq and Afghanistan Service Grants
18. Grants
You can also receive grants from other sources
Companies
Individuals
Organizations
19. Grants- Companies
Benefits:
More money may be available to give you
You could be offered an internship or job to go along with the
grant
20. Grants- Individuals
Benefits:
They could be a steady source of grants for your entire college career
There could be no stipulations to receive the money
21. Grants- Organizations
Benefits:
Opportunity to be recognized by the local community, newspapers, tv, etc.
Options to travel to other cities and countries where the organization is
also located, to help work for that section
23. Student Loan
Student Loan:
A loan designed to help students pay for things like tuition, books,
and living expenses
24. Student Loans
Types:
Federal loan
Private loan
Stafford loan
Perkins loan
PLUS loans
Private Education loan
Health Professions Student Loans
25. Student Loans
The main difference between a private and federal loan is:
Source of funds
Federal loans come from the government.
Private loans come from other sources.
Ex: Individual, private company, etc.
26. Student Loans
Federal loan:
Do not have to be repaid
until after you graduate
Fixed interest rates
No credit check
Private loan:
Must be paid while you
are going to school
Interest rates are usually
above 18%
Must have a good credit
record
28. Work Study
Work Study:
Of or relating to a college program that enables students to work
part-time while attending school
29. Work Study
Types of Work Study:
Federal work study
Non-federal work study
30. Work Study
Benefits of Federal Work Study:
Part-time employment while in school
Available to undergraduate, graduate, and professional students with financial
need
Available to full-time or part-time students
31. Work Study
Benefits of non-Federal work study:
Work experience
Higher pay
All income earned, besides taxes, is given to you
32. Work Study
Corporation Work Study:
Benefits available for full time workers
Office work experience built up during employment at
company
Possible promotion into a higher position in the company
33. Work Study
Bank work study:
Loans and debt paid off if you accept a position in the company
Higher degree = higher position in the company
Good pay for full time workers
34. Work Study
Government Work study:
● All debt paid off if a governmental position is taken
● Experience is accumulated
● Excellent benefits and pay for work
36. Paying for College
Types of payment methods for college:
Tip jar
Student Loans
Work-Study
Scholarships and Grants
37. Paying for College
Tip Jar:
Save some of the tips you receive at work to help pay for books or other expenses.
38. Paying for College
Student Loans:
These can be private or federal
If private loan, must be paid back as you go to school
If federal, does not have to be paid back until you graduate
39. Paying for College
Work-study:
Work where some of the money you earn goes to paying off tuition
Several different locations offer this
o Ex: Corporations, Banks, Private Companies, etc.
40. Paying for College
Scholarships and Grants:
Free money that requires little to no effort
Money that helps pay for books and tuition
41. Paying for College
Full Rides offered from Schools:
Academically based
Plans offered to students for them to take a full load of courses
and work only for living expenses
School plays for all tuition, books, etc.
