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How Can a College Education be Made Affordable?

How Can a College Education be Made Affordable?. Jessica A. Sadler, MS School Counselor Havelock High School. Types of Student Aid. Federal Financial Aid Programs (largest source of financial aid) North Carolina State Grants Scholarships

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How Can a College Education be Made Affordable?

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  1. How Can a College Education be Made Affordable? Jessica A. Sadler, MS School Counselor Havelock High School

  2. Types of Student Aid • Federal Financial Aid Programs (largest source of financial aid) • North Carolina State Grants • Scholarships • Over $150 Billion in grants, loans and work study available.

  3. Title IV Federal Student Aid Programs • Federal Pell Grants-up to $5,730 (EFC less than or equal to $5,157) • Federal Work Study Programs • Federal Supplemental Educational Opportunity Grants-up to $4,000 (granted to students with lowest Expected Family Contribution)

  4. Am I Eligible for Federal Student Aid? • Most students are eligible; all should apply • Must qualify to obtain a college education • Be enrolled or accepted for enrollment in an eligible degree or certificate program • Be registered with Selective Service

  5. Am I Eligible for Federal Student Aid? Cont. • Have a valid Social Security number (be a U.S citizen or eligible noncitizen) • Show financial need • Maintain satisfactory academic progress • Complete and sign the Free Application for Federal Student Aid

  6. How do I Apply for Federal Student Aid? • Collect parent/student federal income tax return, W-2, or other income documents to submit • Visit www.fafsa.gov to submit the Free Application for Federal Student Aid (FAFSA) electronically as soon after January 1 for the following academic year • Apply for a FAFSA PIN number

  7. How Do I Apply for Financial Aid? Cont. • Review and submit Student Aid Report to institution’s student services office • Verification and review of the Institutional Student Information Record (ISIR) • A financial aid “package” will be presented, award amount will be shared and check mailed directly to student

  8. Dependent/Independent Student • 24 or older • Married • Graduate or Professional Student • Active duty military • Veteran • Student has child and provides more than 50% support • Emancipation, legal guardianship, foster care

  9. Additional Federal Aid Programs • Corporation for National and Community Service (www.americorps.gov) • U.S. Department of Veterans Affairs (www.gibill.va.gov) • Reserve Officers Training Corps (www.todaysmilitary.com) • U.S.Department of Health and Human Services (http:bhpr.hrsa.gov/dsa)

  10. Four Steps to Federal Student Aid: • Apply • Review and Accept • Receive • Maintain • Apply early and complete FAFSA annually to be considered for grants, scholarships, and student loans for college at FAFSA DAY, Saturday February 28, 2015.

  11. North Carolina State Grants • Grants are a form of financial aid that generally do not have to be repaid as long as the student remains enrolled each semester. • North Carolina Community College Grant • North Carolina Education Lottery Scholarship • TEACH Grant

  12. Scholarships • Must complete the FAFSA before you can apply for scholarships • Golden LEAF Scholars Program (for rising freshman and transfer students) • To view and apply for number of local, state and national scholarships, please visit CFNC.org

  13. Other Aid Options • Workforce Investment Act Program • Child Care Assistance Grant • Displaced Homemaker/Single Parent • NC Reach (foster care)

  14. Financial Aid Resources • FAFSA Information studentaid.gov/resources • FAFSA Day CFNC.org/FAFSAday • Spanish Services CFNC.org/espanol • Golden LEAF Scholarships CFNC.org/goldenleaf • Apply for Pin Number pid.ed.gov • FAFSA4caster www.fafsa.gov

  15. Havelock High School Financial Aid ProgramServices • Provide individualized counseling related to financial aid • Work to guarantee effective, collaborative service to students • Ensure program integrity • Maintain a culture of support and success • Provide direct service to students in order to meet post-secondary planning needs

  16. Visual Aids

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