1 / 13

Things I Wish I Had Known About Funding My Education

Things I Wish I Had Known About Funding My Education. Things I Wish I Had Known. You CAN receive Financial Aid, even if you are not a full-time student Financial Aid is available for Summer classes Outside funding sources are abundant Textbooks do not have to be so expensive IRA

penn
Download Presentation

Things I Wish I Had Known About Funding My Education

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. Things I Wish I Had Known About Funding My Education

  2. Things I Wish I Had Known • You CAN receive Financial Aid, even if you are not a full-time student • Financial Aid is available for Summer classes • Outside funding sources are abundant • Textbooks do not have to be so expensive • IRA • Educational expenses can be tax deductible

  3. Financial Aid is available to part-time students • Complete your income taxes early and save a copy • Go to Free Application for Student Aid (FAFSA) website • Request a PIN • Complete a FAFSA online • Submit electronically using the PIN and print a copy • Wait patiently • Purdue may request supplemental information

  4. Financial Aid for Summer classes too…. • Complete a simple supplemental form available through the financial aid office.

  5. Outside Funding • By filing a FAFSA prior to March 1, you are automatically considered for need-based aid through Purdue • Other aid is available • Demographics • Activities • Academic achievement • more

  6. Outside Funding • Finding funding sources • Span Plan website • Financial Aid website • Fastweb • You Student Services Office • News and media

  7. How do I apply? • Most require a completed FAFSA • Financial information (refer back to tax forms and FAFSA) • Official transcript • Request through My Purdue • Recommendations • Personal essay

  8. The Essay • Write one essay and modify • Pay attention to specific requirements • Boast with moderation • Explain goals for the future • Don’t forget to “give back” • Think about ALL of your added costs beyond tuition and books • PROOFREAD!

  9. Buying Textbooks:What a scam! • Check Follett’s and University Bookstore websites early to determine the books you need • Buy elsewhere • Other students • Amazon, Barnes & Noble or Half.com • Search by author/title/ISBN • Reserve copies in libraries

  10. Selling Books • Sometimes the bookstores will give you a fair buy-back price • Sometimes they won’t! • Sell to another student-you will gain and they will save • Set up a seller’s account on Amazon, Barnes & Noble or Half.com

  11. IRA 529 Plan • An IRA 529 Plan is established to fund a college education (typically for your children) • You can make the beneficiary YOU! • Consult a financial advisor

  12. Tax Benefits • Sometimes college expenses can produce tax benefits through a Hope or Lifetime Learning credit • Consult a tax advisor

  13. Important Websites for Funding Your Education • FAFSA: http://www.fafsa.ed.gov/ • Span Plan: http://www.purdue.edu/odos/spanplan/services.htm • Financial Aid: http://www.purdue.edu/dfa/ • Fastweb: http://fastweb.com/ • My Purdue: https://mypurdue.purdue.edu/cp/home/loginf • Follett’s: http://www.efollett.com/ • University Bookstore: http://www.purdueu.com/ • Amazon: http://www.amazon.com • Half.com: http://www.half.com • Barnes & Noble: http://www.bn.com

More Related