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Manistee Catholic Central School

Manistee Catholic Central School. Christ Centered Excellence in Education. Manistee Catholic Central Schools provides opportunities for all students to reach their fullest spiritual and academic potential. Finding Money for College. Manistee Catholic Central School. We will talk about:.

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Manistee Catholic Central School

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  1. Manistee Catholic Central School Christ Centered Excellence in Education Manistee Catholic Central Schools provides opportunities for all students to reach their fullest spiritual and academic potential.

  2. Finding Money for College Manistee Catholic Central School

  3. We will talk about: • Federal student aid • State student aid • Student aid from colleges • Scholarships from other sources

  4. We will answer: • What is financial aid? • Who can get it? • How much can I get? • How do I apply? • What happens next? • Where can I get more info?

  5. What is financial aid? • Money to pay for college or career school • Grants • Loans • Work-study • Scholarships

  6. Who can get federal student aid? • U.S. citizen or permanent resident • High school graduate/GED holder • Eligible degree/certificate program • Valid Social Security number • Males registered for Selective Service • Satisfactory academic progress

  7. What is Federal Financial Aid? • Work Study Programs • Grant Programs • Pell Grant (Financial Need) • Supplemental Education Opportunity Grant (Exceptional Need)

  8. What is Federal Financial Aid? • Loan Programs • Federal Direct Loans • Subsidized: no interest while in school • Unsubsidized: interest during all periods • Federal Perkins Loans: for student • Direct PLUS Loan: for parent

  9. 2013-14State of Michigan Student Scholarships and Grants

  10. List of Programs Administered by SSG Academic Year 2013-14 Tuition Incentive Program (TIP) Michigan Competitive Scholarship (MCS) Michigan Tuition Grant (MTG) Children of Veterans Tuition Grant (CVTG) Police Officer’s and Firefighter’s Survivor Tuition Grant (STG) Dual Enrollment

  11. Tuition Incentive Program • 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. • Pays a maximum of 24 semester or 36 term credits per academic year. • Pays only credit hours. Contact hours or billable hours charged by the institution are not covered by TIP.

  12. Michigan Competitive Scholarship Class of 2014 (current seniors) who will attend in 2014-15. 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).

  13. Michigan Competitive Scholarship SSG will send rosters to notify high schools of students with qualifying scores from the Class of 2014 in December. SSG will ask parents of students to provide their Social Security number (SSN) to SSG. The SSN on the ACT test record must match the SSN on the FAFSA. SSG will provide certificate templates for high school award assemblies in Spring 2014. NOTE: All qualifiers can receive a certificate of achievement for their score, but only those who have the score AND the financial need will receive a monetary award.

  14. Michigan Competitive Scholarship Maximum award amount is set each year by the Michigan Department of Treasury. The 2013-14 maximum award is $630. Awards are pro-rated for ¾ and ½ time enrollment. Maximums for class of 2014 will be determined in May 2014.

  15. Michigan Tuition Grant Based on financial need only. FAFSA is source of need analysis. Available at independent non-profit institutions only.

  16. Michigan Tuition Grant The 2013-14 maximum award is $1,524. Awards are pro-rated for ¾ and ½ time enrollment. SSG’s system “sees” only the first college code listed on the FAFSA when awarding. Students must notify SSG of their final college selection as soon as possible. Students cannot get MTG and MCS at the same time. MCS students at a private institution may receive a supplemental amount for the difference between $1,524 and $630 from the MTG fund. 2014-15 maximum will be set in May 2014.

  17. Children of Veterans Tuition Grant Eligible students: 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. • Pays up to $2,800 per year regardless of need. • Students must be age 16 to 26. • Students must have at least a 2.25 GPA for renewal. • College will bill SSG AFTER credits are completed.

  18. Police Officer’s & Fire Fighter’s Survivors Tuition Grant Also known as the Survivors Tuition Grant. 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. Financial need is a factor.

  19. Dual Enrollment By taking dual enrollment classes in high school, students can get a jump on college credits. It also saves money because they don’t have to pay for these credits in college!

  20. www.michigan.gov/ssg

  21. Who can get other kinds of financial aid? • States, colleges, and private scholarships have their own eligibility criteria. • Be sure you know what you need to do to qualify.

  22. How much federal student aid can I get? In general, depends on your financial need. • Financial need determined by Expected Family Contribution (EFC) and cost of attendance (COA) • EFC comes from what you report on FAFSA • COA is tuition, fees, room and board, transportation, etc. COA – EFC = financial need

  23. How much federal student aid can I get? Example: first-year student in 2012-13 Maximum amounts allowed: • Federal Pell Grant: TBD [$5,500 in 2011-12] • TEACH Grant: $4,000 • Direct Subsidized and Unsubsidized Loans: $5,500 total • Federal Perkins Loan: $5,500 • Federal Supplemental Educational Opportunity Grant: $4,000 • Federal Work-Study: depends on funds available at school • Direct PLUS Loan (for parents): COA minus other aid received

  24. How much federal student aid can I get? For early estimate, use FAFSA4caster: • Go to www.fafsa4caster.ed.gov • Enter some financial information • Get an estimate

  25. FAFSA4caster www.fafsa4caster.ed.gov.

  26. How much state, school, and scholarship money can I get? • Depends on the program: do your research! • Our state aid: [www.michigan.gov/ssg] • Ask college financial aid offices for info about aid available at their schools • Free scholarship search: www.studentaid.ed.gov/scholarship

  27. How do I apply for aid? • Federal student aid: fill out Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov • State aid: [Student Scholarships and Grants www.michigan.gov/ssg] • School aid: contact financial aid office at schools you are considering • Scholarships: visit scholarship website or call contact number for information

  28. How do I apply for federal student aid? • (Optional) Use FAFSA on the Web Worksheet to get ready. • Get worksheet at www.studentaid.ed.gov/worksheet • Find a checklist of documents you need at www.studentaid.ed.gov/pubs(“What Information Do I Need When I Fill Out the FAFSA?”). • Fill out worksheet to prepare your answers.

  29. FAFSA on the Web Worksheet

  30. How do I apply for federal student aid? • Get a PIN at www.pin.ed.gov • Your parent might need a PIN too • Choose your own PIN or let the site choose one for you • Don’t tell anyone your PIN!

  31. How do I apply for federal student aid? • Fill out your FAFSA online at www.fafsa.gov • Apply on or after Jan.1 but as early as possible to meet all deadlines. • Need help? Use “Live Help” icon or call 1-800-4-FED-AID. • Don’t forget to save or print confirmation page.

  32. How do I apply for federal student aid? • Fill out your FAFSA online at www.fafsa.gov • More than 95% of FAFSAS are now filed online • Parents with more than one student can transfer data from original application to others • Faster turnaround; more accurate • NO FEES!

  33. How do I apply for federal student aid? • Watch for response by e-mail, from FederalStudentAidFAFSA@cpsemail.ed.gov, or by mail • Double-check your information online at www.fafsa.gov (use your PIN to log on) or on the paper Student Aid Report mailed to you • Correct any mistakes and update any information as necessary

  34. How do I apply for federal student aid? • Watch for e-mails or letters from the schools you are considering • Give the schools any additional paperwork they ask for • Meet all deadlines or you could miss out on aid!

  35. What Data Are Required?

  36. Who is the Parent When Completing the FAFSA?

  37. IRS Data Retrieval Tool • Parents and/or students must have completed the 2013 federal income tax return to use the tool on the FOTW • They can also file the FAFSA with estimated data if the tax return is not yet done and update FAFSA later with the retrieval tool once the tax return is filed • This Allows family to securely transfer their tax information to the FAFSA.

  38. If the Parent Won’t Complete the FAFSA

  39. FAFSA Processing Results

  40. Corrections on the Web

  41. Supplemental Forms

  42. Other Important Tips for Students • Submit FAFSA between January 1-March 1, 2014 • Economy has increased financial aid applications • Submitting FAFSA after graduation is considered late • Respond promptly to requests for information

  43. Warning to Students Don’t Get Hooked by Misleading Scholarship Offers • College aid offers are everywhere • Internet • Mail • Newspaper • Magazines • Telephone

  44. Warning Signs of Scam

  45. Special Circumstances

  46. Special Circumstances

  47. Cadillac Baker College Muskegon Muskegon Community College February 9th, 2014

  48. What happens next? • Each school will tell you how much aid you can get at that school. • Once you decide which school to attend, keep in touch with the financial aid office to find out when and how you will get your aid.

  49. Where can I get more info? • www.studentaid.ed.gov • Information about aid programs • Free scholarship search • Free college search • 1-800-4-FED-AID • Information about aid programs • Help with the FAFSA

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