1 / 22

Financial Aid 101

Financial Aid 101. Funding a College Education. Senior Year Checklist. Fall Semester Take and retake the ACT/SAT Apply to several colleges (admissions, institutional aid, etc) Complete local/private scholarship applications Spring Semester Complete 2012-13 FAFSA available January 1, 2012

gavin
Download Presentation

Financial Aid 101

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Financial Aid 101 Funding a College Education

  2. Senior Year Checklist Fall Semester • Take and retake the ACT/SAT • Apply to several colleges (admissions, institutional aid, etc) • Complete local/private scholarship applications Spring Semester • Complete 2012-13 FAFSA available January 1, 2012 • Continue completing local/private scholarship applications • Review college acceptances, compare financial aid packages, ask questions, and follow up as needed

  3. Financial Aid Terms • COA – cost of attendance; varies by institution • EFC – expected family contribution; number derived from the FAFSA and used to determine need based aid eligibility • FAFSA – Free Application for Federal Student Aid • PIN – personal identification number; used to electronically sign the FAFSA • SAR – student aid report; summary of FAFSA information • Grant – free money based on need • Loan – money borrowed that must be paid back with interest • Scholarship – free money awarded on the basis of merit, skill, or unique characteristic • Verification – random “audit” of FAFSA • Work study – money received from on campus employment

  4. Cost of Attendance

  5. Cost of Attendance

  6. Financial Aid Sources

  7. Institutional Aid

  8. ACT

  9. SAT

  10. Private Aid

  11. Other Aid

  12. FAFSA • 2012-13 FAFSA on the Web • Available January 1, 2012 • www.fafsa.gov (VERY IMPORTANT!) • Priority deadline is as soon as possible after January 1, 2012!

  13. FAFSA • Social Security Number, Last Name, and First Name • Grade level – never attended college and 1st year undergraduate • Degree – 1st bachelor’s degree, associate degree, certificate or diploma • School codes • Dependency questions • Parental information • Income information

  14. FAFSA

  15. FAFSA

  16. FAFSA

  17. FAFSA

  18. Online Applications

  19. Financial Aid Award

  20. Financial Aid Award

  21. Contact Info Jason.Seay@TN.gov 615.253.7459 (o) 615.319.1740 (c)

More Related