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Financial Aid for College. Filling out a FAFSA. All money spent on education is an investment…. By your government By your community By your parents and family By YOU …intended to yield a return!. Your education thus far has been an investment made by your community.

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financial aid for college

Financial Aid for College

Filling out a FAFSA

all money spent on education is an investment
All money spent on education is an investment…..
  • By your government
  • By your community
  • By your parents and family
  • By YOU

…intended to yield a return!

your education thus far has been an investment made by your community
Your education thus far has been an investment made by your community
  • $3500-4000 per student per year
  • X 12
  • $42,000-50,000

What kind of a return do you represent thus far?

fafsa federal money
FAFSA: Federal money
  • Free
  • Application
  • For Federal
  • Student
  • Aid

Find the link at www.fafsa.gov

Never pay anyone to file your FAFSA!

you fill it out each year
You fill it out each year!
  • Your info will be kept on file.
  • Each school year, you update the information.
filing the fafsa allows you to continue your education
Filing the FAFSA allows you to continue your education
  • You shoulder some of the responsibility for the cost
  • You invest in your future
what kind of schools qualify for federal dollars
What kind of schools qualify for Federal dollars?
  • 4 year colleges and universities
  • Community colleges
  • Trade schools
  • Vocational training programs
types of aid
Types of Aid
  • Grants – money not repaid, given on a basis of need (income+assets+family size) Pell Grants
  • Work Study – employment - wages paid with federal money
  • Loans
federal student loans are different from commercial loans
Federal Student Loans are different from commercial loans.
  • Lower interest
  • Longer payback period
  • Grace period upon completion of your education
dependency
Dependency
  • Your will be regarded as a dependent until you are 24
  • Your parent’s/guardians’ income will be considered in awarding you financial aid
  • Independent status: marriage, children, foster care, emancipation
special circumstances
Special circumstances
  • Case by case basis
  • Considered through a written explanation to individual financial aid departments
to file a fafsa you need
To file a FAFSA you need
  • Current financial information for you and your parents/guardians
    • Tax returns
    • W-2’s
file in january
File in January
  • Even if you do not have current tax information – use previous year’s numbers as an estimate
  • Update ASAP when current taxes are completed
pin numbers
Pin Numbers
  • Allow you and your parents to sign your FAFSA online
  • Requires a social security number
  • (Parents with no SS# follow directions for pin)
follow the fafsa with the osac
Follow the FAFSA with the OSAC
  • Oregon Student Aid Commission is the state form of the FAFSA
  • Consideration for Oregon Opportunity Grant (similar to the Pell) is automatic when FAFSA is filed
  • Clearinghouse for over 300 other grants and scholarships
  • GearUp scholarships (Central has 5) – this is the last year.
focus on local scholarships
Focus on local scholarships
  • Think about scholarships given by employers and local businesses
  • They are less competitive
remember
Remember:
  • If you fail to plan....