Let’s Use Some Dynamite to shed light on paying for college!<br />What Are You Going To Do Today Napoleon?<br />
Uncle Rico… What’s the Value of A College Education over a lifetime?<br />Back<br />in <br />‘82<br />On average a high sc...
A Changing Workforce<br />More than 2/3 of new jobs require some postsecondary education<br />
Financing Your EducationPaying for College<br />What is financial aid?<br />Where does it come from?<br />What aid is avai...
What is financial aid?<br />Money to help you get through school! <br />
Where does it come from?<br />Federal Government<br />State Government <br />Institution <br />Private Sources <br />
What can Financial Aid Be?<br />Scholarships – Free Money<br />Full-Time/Part-Time Work <br />College Savings – UESP 529 P...
Paying for College: Grants<br />Pell  Grant <br />	Up to $5,550<br />Federal Supplemental Educational Opportunity Grant (F...
Paying for College: Work Study<br />Federal Work Study<br />Up to 20 hours per week<br />Does not affect income on next ye...
Paying for College: Student LoanS<br />Federal Student Loan Programs<br />Perkins (Based on need)<br /><ul><li>5% Interest...
This loan may eventually become an unsubsidized loan award</li></ul>Stafford<br /><ul><li>Subsidized (Based on need)
Unsubsidized
$3,500 1st year undergraduate
$4,500 2nd year undergraduates
$5,500 for each remaining undergraduate year
$8,500 for each year of graduate/professionalstudy</li></li></ul><li>Paying for College: Student Loans<br />Federal Parent...
Paying for CollegeFAFSA Pin Site<br />Apply for FAFSA Online<br />
What Next? <br />EFC: Expected Family Contribution<br />SAR: Student Aid Report<br />Award Letter<br />
Independent Student Definition<br />24<br />Graduate or Professional Student<br />Married<br />Has children or dependents<...
Cost of Attendance<br /><ul><li>Tuition and Fees
Room and Board
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  • Custom animation effects: Grayscale picture fades to full color(Basic)To reproduce the grayscale picture effects on this slide, do the following:On the Home tab, in the Slides group, click Layout, and then click Blank. On the Insert tab, in the Illustrations group, click Picture. In the Insert Picture dialog box, select a color picture and then click Insert. On the slide, select the picture. Under Picture Tools, on the Format tab, in the bottom right corner of the Size group, click the Size and Position dialog box launcher. In the Size and Position dialog box, on the Size tab, resize or crop the picture as needed so that under Size and rotate, the Height box is set to 4.15” and the Width box is set to 6.25”. Resize the picture under Size and rotate by entering values into the Height and Width boxes. Crop the picture under Crop from by entering values into the Left, Right, Top, and Bottom boxes. Under PictureTools, on the Format tab, in the Adjust group, click Recolor, and then under Color Modes click Grayscale (first option from the left).Right-click the grayscale picture, and then click Format Picture. In the Format Picture dialog box, in the left pane, click Shadow. In the Shadow pane, click the button next to Presets, and then under Outer click Offset Diagonal Top Right (third row, first option on the left).On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Middle.Click Align Center.To reproduce the full-color picture effects on this slide, do the following:Select the grayscale picture. On the Home tab, in the Clipboard group, click the arrow under Paste, and then click Duplicate.Select the duplicate picture. Under PictureTools, on the Format tab, in the Adjust group, click Recolor, and then under No Recolor click No Recolor.On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Middle.Click Align Center.To reproduce the animation effects on this slide, do the following:On the Animations tab, in the Animations group, click CustomAnimation.On the slide, select the full-color picture, and then do the following in the CustomAnimation task pane: Click Add Effect, point to Entrance, and then click MoreEffects. In the Add Entrance Effect dialog box,under Subtle, click Fade, and then click OK.Under Modify: Fade, in the Start list, select With Previous.Under Modify: Fade, in the Speed list, select Slow.Click Add Effect, point to Entrance, and then click MoreEffects. In the Add Entrance Effect dialog box,under Subtle, click Expand, and then click OK.Under Modify: Expand, in the Start list, select With Previous.Under Modify: Expand, in the Speed list, select Fast.To reproduce the background effects on this slide, do the following:On the Design tab, in the Background group, click BackgroundStyles, and then click Style 8 (second row, fourth option from the left). (Note: If this action is taken in a PowerPoint presentation containing more than one slide, the background style will be applied to all of the slides.)
  • These are averages for the state of Utah National averages areHigh School Grad 31,539Associate Degree Grad $40,588Bachelor’s Degree Grad $50,944Professional Grad$100,000
  • All based on financial need. Pell Grants are always available. The others have limited funding, so check with your school about availability and priority deadlines.
  • Also talk about borrower protections for repayment period.
  • Talk about EFC, SAR, and Award Letter.
  • Dynamite Power Point

    1. 1. Let’s Use Some Dynamite to shed light on paying for college!<br />What Are You Going To Do Today Napoleon?<br />
    2. 2. Uncle Rico… What’s the Value of A College Education over a lifetime?<br />Back<br />in <br />‘82<br />On average a high school graduate can expect to make $22,437 per year<br />A college graduate with a associate’s degree can expect to make $30,356<br />A college graduate with a bachelor’s degree can expect to make $45,776<br />An advanced degree graduate can expect to make $65,301<br />
    3. 3.
    4. 4. A Changing Workforce<br />More than 2/3 of new jobs require some postsecondary education<br />
    5. 5. Financing Your EducationPaying for College<br />What is financial aid?<br />Where does it come from?<br />What aid is available?<br />How do I apply?<br />
    6. 6. What is financial aid?<br />Money to help you get through school! <br />
    7. 7. Where does it come from?<br />Federal Government<br />State Government <br />Institution <br />Private Sources <br />
    8. 8. What can Financial Aid Be?<br />Scholarships – Free Money<br />Full-Time/Part-Time Work <br />College Savings – UESP 529 Plan<br />Grants – Free Money<br />Work-Study – Aid & Tuition Discounts<br />Federal Student Loans – Low Interest / Consolidation<br />Federal Parent Loans – Low Interest<br />Private/Alternative Loans – Non Federal Loans<br />
    9. 9. Paying for College: Grants<br />Pell Grant <br /> Up to $5,550<br />Federal Supplemental Educational Opportunity Grant (FSEOG)<br />$100 to $4,000<br />LEAP Grant(Leveraging Educational Assistance Partnership)<br />Partnership between state and federal government<br />State matches federal dollars, up to $1,000<br />Utah Centennial Opportunity Program for Education (UCOPE) Grant<br />Funding by the Utah State Legislature to supplement shrinking federal dollars<br />
    10. 10. Paying for College: Work Study<br />Federal Work Study<br />Up to 20 hours per week<br />Does not affect income on next year’s FAFSA<br />Federal government typically pays 75% of student’s wage <br />Utah matches funds through UCOPE Work Study Program<br />
    11. 11. Paying for College: Student LoanS<br />Federal Student Loan Programs<br />Perkins (Based on need)<br /><ul><li>5% Interest (9 month grace period)
    12. 12. This loan may eventually become an unsubsidized loan award</li></ul>Stafford<br /><ul><li>Subsidized (Based on need)
    13. 13. Unsubsidized
    14. 14. $3,500 1st year undergraduate
    15. 15. $4,500 2nd year undergraduates
    16. 16. $5,500 for each remaining undergraduate year
    17. 17. $8,500 for each year of graduate/professionalstudy</li></li></ul><li>Paying for College: Student Loans<br />Federal Parent Loan Program<br />PLUS (Parent Loan for Undergraduate Students)<br /><ul><li>Annual Loan Limit: COA minus other aid</li></ul>Grad PLUS<br /><ul><li>Similar to the PLUS Loan, but designed for graduate and professional students</li></li></ul><li>How can I apply?<br />Get a PIN <br />www.pin.ed.gov<br />Fill out the FAFSA<br /> www.fafsa.gov <br />Check with your school for other forms <br />
    18. 18. Paying for CollegeFAFSA Pin Site<br />Apply for FAFSA Online<br />
    19. 19. What Next? <br />EFC: Expected Family Contribution<br />SAR: Student Aid Report<br />Award Letter<br />
    20. 20. Independent Student Definition<br />24<br />Graduate or Professional Student<br />Married<br />Has children or dependents<br />Orphan or ward of the court<br />Veteran <br />Active duty<br />Determined to be “independent” by financial aid administrator based upon unusual circumstances<br />
    21. 21. Cost of Attendance<br /><ul><li>Tuition and Fees
    22. 22. Room and Board
    23. 23. Books, supplies, transportation, and miscellaneous
    24. 24. personal expenses, including documented costs for a personal computer
    25. 25. Loan fees
    26. 26. Study abroad costs
    27. 27. Dependent day care expenses
    28. 28. Disability-related expenses
    29. 29. Cooperative education program costs</li></li></ul><li>The Definition of Need<br />Federal Need is defined as follows:<br />COA − EFC = Need<br />COA: Student’s Cost of Attendance<br />EFC: Expected Family Contribution <br />
    30. 30. # 1 Scholarship Resource (Institutions)<br />What’s the 2nd?<br /> Counseling Centers<br />What’s 3rd?<br />UtahFutures<br />
    31. 31. Other Helpful Resources<br />UtahFutures.org<br />college.ed.gov<br />
    32. 32. Remember to always smile when faced with impossible odds<br />UHEAA Outreach<br />Michelle Riddle<br />mriddle@utahsbr.edu<br />(801) 321-7145<br />Sumiko Martinez<br />smartinez@utahsbr.edu<br />(801) 366-8477<br />Brian Hosie<br />bhosie@utahsbr.edu <br />801-321-7245<br />Steve Rogerssrogers@utahsbr.edu<br />(801)366-8460<br />
    33. 33. Follow us on Facebook and Twitter for the most up-to-date scholarship reminders! <br />www.facebook.com/uheaa<br />www.twitter.com/uheaa<br />www.uheaa.org/higheredshop<br />

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