1 / 17

40 Years of Training Champions for Christ

The What and How of Financial Aid. 40 Years of Training Champions for Christ. Financial Aid Equation. Financial Aid. 40 Years of Training Champions for Christ. Scholarships . Institutional Scholarships Financial aid that does not have to be repaid

aysha
Download Presentation

40 Years of Training Champions for Christ

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. The What and How of Financial Aid 40 Years of Training Champions for Christ

  2. Financial Aid Equation • Financial Aid 40 Years of Training Champions for Christ

  3. Scholarships • Institutional Scholarships • Financial aid that does not have to be repaid • Offered by the college or university • Usually awarded due to academics, extracurricular participation, or personal accomplishments 40 Years of Training Champions for Christ

  4. Scholarships • Outside Scholarships • Financial aid that does not have to be repaid • Offered by an organization, company, or other affiliation; money given to a student from a person not related to the student • Usually obtained through an application process 40 Years of Training Champions for Christ

  5. Grants • Federal and State • Federal Pell • Federal Supplemental Education Opportunity Grant (FSEOG) • Federal TEACH Grant • Virginia Tuition Assistance Grant (VTAG) • Virginia College Scholarship Assistance Program (CSAP) • Virginia Two Year College Transfer Grant (CTG) • Virginia Brown v. Board of Education Scholarship 40 Years of Training Champions for Christ

  6. Loans • Federal • Stafford Loan (Student) • Subsidized – Need-based as determined by the FAFSA, other aid sources and educational costs ; the U.S. Department of Education pays the interest on the loan while the student is enrolled at least half-time • Unsubsidized – Not need-based; the student pays the interest while in school or it can be capitalized 40 Years of Training Champions for Christ

  7. Loans • Federal • Direct PLUS (Parent) • For credit-worthy parents of dependent undergraduate students • Students whose parents are denied the Parent PLUS Loan due to adverse credit may be eligible to receive an additional $4,000 or $5,000 in unsubsidized loans 40 Years of Training Champions for Christ

  8. Loans • Private Loans • Not part of the federal loan programs • Should be used as a last resort 40 Years of Training Champions for Christ

  9. Employment • Federal Work Study (FWS) • Federal Work Study is an opportunity to work and earn income for your college education while in school.  • Federal Work Study is a federally funded program that awards based on need as determined by the FAFSA (Free Application for Federal Student Aid). • This program provides part-time on and off-campus jobs for qualifying undergraduate resident students. • Multiple studies have shown that students who work no more than 20 hours a week are more engaged in the activities of their campus, often have higher grade point averages and manage their time more effectively. 40 Years of Training Champions for Christ

  10. FAFSA Free Application For Federal Student Aid • In order to determine eligibility for federal and some state and institutional aid, most colleges and universities require students to complete the FAFSA each academic year. • Students and parents must apply for a PIN number in order to electronically sign the online form: www.pin.ed.gov • Once PINs have been received, the FAFSA may be completed online: www.fafsa.ed.gov 40 Years of Training Champions for Christ

  11. Types of Outside Scholarships Essay Academic Creative/Talent Based Need Based Eligibility/Merit Based 40 Years of Training Champions for Christ

  12. Key Words Search Options Compile a list of personalidentifiersand combine them with keywords. • Fund, Foundation, Company, Association, Guild, Institute, Organization, Society, Endowment, Corporation, Trust, Charity, Fellowship, Scholarship, Award, Benefaction, Loan Forgiveness

  13. Continuing Your Search GOVERNMENT: Local, County, State, Federal

  14. Stay Organized! • Keep a record of scholarships applied for: • Emphasize two key dates: 1) Application Availability 2) Due Date

  15. Attention to Details Once you find a scholarship, check ALLqualifications and guidelines. • Be aware that some scholarships come with conditions. You may have to pay the scholarship back if all of the conditions are not met. • Watch for the word “AND.” • Prepare a résumé. • Gather at least threereferences (ex. educational, personal, professional). • Presentation is everything! • Go the extra mile. • Professionalism is key.

  16. Getting your search off to a… F A S T P A C E rioritize your efforts ile income taxes early void scams pply for aid ASAP ontact your school to explorethe Financial Aid possibilities offered ubmit a FAFSA by the deadline veryone is eligible for something! reat it like a part time job

  17. Financial Aid Equation • Financial Aid 40 Years of Training Champions for Christ

More Related