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Financial Aid Eligibility

Financial Aid Eligibility. presented by Carrie A. Gilchrist, Ph.D. Oakland University. Financial Aid Eligibility. What are the 4 types of financial aid? What are the 4 sources of financial aid? Who is eligible for aid? For what types of aid are you eligible and from what sources?.

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Financial Aid Eligibility

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  1. Financial Aid Eligibility presented by Carrie A. Gilchrist, Ph.D. Oakland University

  2. Financial Aid Eligibility • What are the 4 types of financial aid? • What are the 4 sources of financial aid? • Who is eligible for aid? • For what types of aid are you eligible and from what sources?

  3. Financial Aid Eligibility • Financial aid is money provided by a resource other than yourself or your parents, used to pay for college expenses. There are four types of financial aid: • Scholarships • Grants • Student employment • Student loans

  4. Financial Aid Eligibility • Financial aid is money provided by a resource other than yourself or your parents, used to pay for college expenses. There are four resources for financial aid: • Federal government • State of Michigan • College or University you attend • Private resources like foundations, companies, or generous people!

  5. Financial Aid Eligibility • Who is eligible to apply for aid? EVERYONE!

  6. Financial Aid Eligibility • With a little effort on your part, you'll discover you have many options. • You can get financial aid for college because you . . . • Are financially qualified to receive it  • Earn good grades, take hard courses, have special talents or show exceptional promise • Are the first in your family to attend college • Have talent in sports • Plan to major in specific subjects • Serve/served in the military, are a veteran, or have a parent that serves/served in the military • Are unemployed • Agree to work in certain high-need locations or professions after graduation • Have a special need or a disability • Are a resident of your state  • ..and many other reasons!

  7. Financial Aid Eligibility • Who is eligible to fill out a FAFSA? • U.S. Citizens • Eligible Non-Citizen • Permanent Resident card • Conditional Permanent Resident card • Holder of an Arrival-Departure Record from the Department of Homeland Security with one of the following designations: Refugee, Asylum Granted, Parolee. • T-Visa holder or Cuban-Haitian Entrant • Holder of a valid certification or eligibility letter from the Department of Health and Human Services showing a designation of “Victim of human trafficking” • If you have a social security number but are not a citizen or an eligible non-citizen, you should still complete the FAFSA because you may be eligible for state or college/university aid.

  8. Financial Aid Eligibility • Federal Government • How do you apply: Free Application for Federal Student Aid (FAFSA) • Where do you get an application: www.fafsa.gov • Qualify for: • Grants: Pell, SEOG, TEACH • Student Employment: Federal Work Study • Loans: Subsidized and Unsubsidized • How to qualify: • Grants: Pell, SEOG, TEACH • Student Employment: Federal Work Study • Loans: Subsidized and Unsubsidized

  9. Financial Aid Eligibility • State of Michigan • How do you apply: Free Application for Federal Student Aid (FAFSA) and separate applications • Where do you get an application: www.fafsa.gov and www.michigan.gov/mistudentaid • Qualify for: • Grants/Scholarship: • Michigan Competitive Scholarship • Michigan Tuition Grant (MTG) • Tuition Incentive Program (TIP) • Children of Veterans Tuition Grant (CVTG) • Police Officer’s and Firefighter’s Survivor Tuition Grant (STG) • GEAR UP Michigan! Scholarship • GEAR UP College Day Scholarship • Dual Enrollment

  10. Financial Aid Eligibility • How to qualify: • Grants/Scholarship: • Michigan Competitive Scholarship • Based on ACT Score (scaled score of at least 90 or composite score of at least 23) and financial need per the Free Application for Federal Student Aid (FAFSA). • Cannot receive MTG at the same time (public school only) • Michigan Tuition Grant (MTG) • Based on financial need only. • Available at independent non-profit institutions only. • Cannot receive MCS at the same time (public school only) • Tuition Incentive Program (TIP) – Separate application required • Eligible students must have or have had Medicaid coverage for 24 months within a 36 consecutive month period. • Must submit application prior to high school graduation or GED and before age 20. • Student must enroll within four years of high school graduation or eligibility is forfeited. • Incarcerated students are not eligible to participate in TIP.

  11. Financial Aid Eligibility • How to qualify: • Grants/Scholarship: • Children of Veterans Tuition Grant (CVTG) – Separate application required • Natural or adopted child (no grandchildren or stepchildren) of a veteran who is permanently and totally disabled or deceased due to service connected causes or is listed as missing in action in a foreign country. • Police Officer’s and Firefighter’s Survivor Tuition Grant (STG) • Provides a grant for tuition for a child or a spouse of a deceased officer or firefighter who died as a result of workrelated traumatic injury. • Based on financial need • GEAR UP Michigan! Scholarship • GEAR UP College Day Scholarship • Dual Enrollment

  12. Financial Aid Eligibility • How to qualify: • Grants/Scholarship: • GEAR UP Michigan! Scholarship • Must be nominated – If your high school has a GEAR UP! program, contact MI Student Scholarships and Grants (www.michigan.gov/ssg) • GEAR UP College Day Scholarship • Must be nominated – If your high school has a GEAR UP! program, contact MI Student Scholarships and Grants (ww.michigan.gov/ssg)

  13. Financial Aid Eligibility • College or University • How do you apply: Free Application for Federal Student Aid (FAFSA) and separate applications • Where do you get an application: www.fafsa.gov and college or university website • Qualify for: • Grants: • Based on need – complete the FAFSA • May have an academic component as well – GPA and/or ACT • Scholarship: • Merit based – GPA and/or ACT • May require a separate application • How to qualify: • Grants: • Achieve high GPA and ACT scores • Scholarship: • Take a rigorous academic program in high school • Take AP classes and/or AP tests • Achieve a high GPA throughout high school • Take the ACT multiple times

  14. Financial Aid Eligibility • Private Sources: Foundations, Companies, and Individuals • How do you apply: individual applications – lots! • Where do you get an application: clearinghouse websites, high school guidance office, foundation and company websites • Qualify for: • Scholarship: a variety! • How to qualify: • Scholarship: • Requirements vary: creativity, academic achievements, volunteering, essays, etc.

  15. Financial Aid Eligibility

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