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Are you ready for post-high school education? Act now to secure your future. Finish strong this semester as all grades matter. Ensure regular attendance and complete your college applications. Don't forget about FAFSA - complete it soon for financial aid. Learn about types of aid, such as scholarships and grants. Understand the difference between good and bad debt for student loans. Make informed decisions based on award letters. Keep copies of important documents and ask for help when needed. Manage college costs by budgeting and working part-time if necessary. Utilize web resources for additional support and guidance in the college application process.
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May 19, 2013 Will you be ready?
HAVE YOU PREPARED??? • FINISH STRONG THIS SEMESTER – ALL GRADES ARE IMPORTANT, SOME WILL SEAL YOUR FATE!! • REGULAR ATTENDANCE IS IMPORTANT! • POST HIGH SCHOOL EDUCATION APPLICATIONS? • TRANSCRIPTS SENT? • ACT TAKEN?
STILL PREPARING? • FAFSA NEEDS TO BE COMPLETED AS SOON AS POSSIBLE! • COLLEGE ADMISSIONS COMPLETED – February 1 priority deadline • COLLEGE VISITS • Financial Aid • Visit with Department of Major • Visit with academic adviser
TYPES OF AID • MERIT-BASED: SCHOLARSHIPS • NEED-BASED: GRANTS LOANS WORK-STUDY
SOURCES OF AID • FEDERAL: PELL GRANTS, WORK STUDY, STAFFORD STUDENT LOANS • STATE: FOR EXAMPLE, TEACHING, NURSING • INSTITUTIONAL: SCHOOL AWARD BASED ON ACADEMICS, ATHLETICS, ACTIVITIES, LEADERSHIP, ETC. • PRIVATE SCHOLARSHIPS: CHAMBER OF COMMERCE, LIONS CLUB, HAYSVILLE LIBRARY FOUNDATION
GOOD DEBT VS. BAD DEBT • In the 2007-08 academic year, the median debt load was about $7.960 for public institutions, $17,040 for private, not-for-profit institutions and $31,190 for for-profit institutions. The figures include students who graduated with no debt.
FEDERAL STUDENT LOANS • Anyone filing the FAFSA is eligible for Stafford Federal Student Loans • Subsidized loans • Interest waived until graduation • Unsubsidized loans • Interest charged quarterly
FAFSA: FREE APPLICATION FOR FEDERAL STUDENT AID www.pin.ed.gov www.fafsa.gov DO THE WORK ONLINE AS SOON AS TAXES ARE FIGURED AND SUBMIT IT!
NEED HELP????? • Attend College Goal Sunday on February 24 from 2-4 pm at Friends University • You and your parents should attend • Bring your completed 2012 taxes or all tax paperwork, and pin numbers (www.pin.ed.gov)
NEED MORE HEIP????? • Contact the financial aid office at the college or tech school you plan to attend. • Contact the counseling office. We can help you and have computers available. • Your teachers can help you. They are familiar with the FAFSA.
STILL NEED MORE HELP? • FAFSA help will be available in the counseling office on February 13 from 5-8 p.m. • Campus counselors will be available to help students and parents with their questions • Computers will be available for your use in getting your PIN numbers or filing your FAFSA forms.
Financial Need How determined? COA – EFC = NEED Cost of attendance includes – Tuition & fees Room & board Books & supplies Transportation MISC
COLLEGE AWARD LETTER • Letter will list amounts of aid being offered: • Scholarships • Pell Grant • Student Loans – subsidized, unsubsidized • Parent (PLUS Loans) • EFC • Total should equal COA
DECISION TIME!!! • It is your job to compare award letters from the schools to which you have been accepted and then make the decision that works best for you!!!! • The sooner you make a decision the less stress you will have!
DETAILS • KEEP COPIES OF EVERYTHING • PIN, FAFSA, SAR, Award Letters • DON’T BE AFRAID TO ASK FOR HELP • MAKE THE FINANCIAL AID OFFICERS AT YOUR COLLEGE WORK FOR YOU • FINAL DECISIONS NEED TO BE MADE AS SOON AS POSSIBLE
HOW TO KEEP YOUR COLLEGE COSTS DOWN • Borrow only what you need to cover the cost of your education • Make a budget to control your expenses • Consider working part time while taking classes, just do not overextend yourself – Work Study
WHEN IN NEED • TALK TO YOUR PARENTS, THEY CAN HELP YOU WITH THIS PROCESS • TALK TO YOUR COLLEGE FINANCIAL AID ADVISER • SEE ME FOR HELP, TRANSCRIPTS, OR ADVICE cvoss@usd261.com
WEB RESOURCES • www.ed.gov • www.kansasregents.org/financial_aid • www.finaid.org (free estimate) • www.hsf.net • www.kansasmentor.org • www.fafsa.ed.gov
MORE INTERNET HELP • www.actstudent.org • www.collegeboard.com • www.fastweb.com • www.anycollege.com • www.collegeview.com • www.financialaid.com • www.going2college.org