Financing Your Future. An Introduction to Financial Aid. Agenda. What does college cost? What types of aid are available? How do I apply for financial aid? Where can I get more information?. What Does College Cost? (Annual Tuition & Fees for WI Colleges).
An Introduction to Financial Aid
What does college cost?
What types of aid are available?
How do I apply for financial aid?
Where can I get more information?
Private Colleges: $24,273 (average Freshman package includes $13,960 in grants)
State Universities: $6,930 - $8,676
Community Colleges: $4,774 - $5,154
Technical Colleges: $3,355 - $4,500
The cost of attending an institution includes more than just tuition and fees. Also included are:
Room and Board Books and Supplies
Transportation Personal Expenses
Colleges and Universities
Private and Public Sources
There are also WI state loans for Teachers and Nurses.
See http://heab.state.wi.us/programs.html for details.
Part-time student employment
Earnings paid to student
Work-Study earnings are not included when determining EFC on next year’s FAFSA
Complete a FAFSA worksheet in December or January
Get a Federal PIN so you can sign your FAFSA electronically (parents and students need one)
Fill out the Free Application for Federal Student Aid (FAFSA) after January 1st of your senior year
Apply for scholarships during your junior and senior year, as well as each year of college
Contact your financial aid administrator if you have special circumstances
FAFSA on the Web will now allow applicants to access their IRS tax information and have it automatically inserted into the FAFSA.
The 2012 FAFSA will include a brief series of questions to determine whether you are eligible for IRS data retrieval.
This system begins February 1, 2012.
Put your name and SSN on the FAFSA exactly how it appears on your social security card
Refer to completed federal income tax return and consult instructions for proper line reference
If entry is zero or none, enter O – don’t leave blank
Enter school code(s) to send to
Student and one parent must both sign (with PIN) on dependent student’s FAFSA
When asked about parent’s education level on the FAFSA, “college” is referring to a 4 year completed degree.
At least 24 years old by December 31st of the award year covered by the FAFSA
Graduate or Professional Student
Has legal dependents other than a spouse who receive more than one half their support from the student
Is an orphan, in foster care, or ward of the court
Emancipated minor or in legal guardianship as determined by a court
Has been determined to be homeless by an authorized official
The EFC is calculated from the information you provide on the FAFSA according to a formula established by law.
You can get an estimate of your EFC using the FAFSA 4-caster tool at www.fafsa.ed.gov
Parents’ income and assets
Number of dependents attending college
Students’ income and assets
Student’s (and spouse’s) income and assets
Number in household attending college
Get free help completing the FAFSA.
Get entered to win a $1,000 scholarship!
Chippewa Valley Technical College
Sunday, February, 19th at 2:00 p.m.
620 Clairemont Ave Business Education Center Eau Claire, WI 54701
Entrance by Parking Lot P1 at the front of the building, or P9 on the west side.
A Student Aid Report (SAR) will be generated and used by each college/university you entered on your FAFSA to generate an award letter for each school
Review your SAR for accuracy
The award letter states what the student qualifies for at each school
Once you decide what school you’re going to, you must notify that school’s financial aid office of your intent to use those funds, and for what amount