Financial aid 101
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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

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Financial Aid 101

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Financial aid 101

Financial Aid 101

Funding a College Education


Financial aid 101

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


Financial aid 101

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


Financial aid 101

Cost of Attendance


Financial aid 101

Cost of Attendance


Financial aid 101

Financial Aid Sources


Financial aid 101

Institutional Aid


Financial aid 101

ACT


Financial aid 101

SAT


Financial aid 101

Private Aid


Financial aid 101

Other Aid


Financial aid 101

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!


Financial aid 101

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


Financial aid 101

FAFSA


Financial aid 101

FAFSA


Financial aid 101

FAFSA


Financial aid 101

FAFSA


Financial aid 101

Online Applications


Financial aid 101

Financial Aid Award


Financial aid 101

Financial Aid Award


Contact info

Contact Info

[email protected]

615.253.7459 (o)

615.319.1740 (c)


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