1 / 5

Maximizing College Financial Aid: A Comprehensive Guide

Learn how financial aid supports college students by assessing their families' ability to pay, distributing resources equitably, and balancing gift aid with self-help options. Explore various sources and types of aid, from grants to loans, and gain insights into historical support programs like Ohio Student Choice Grant and Ohio College Opportunity Grant. Navigate the complex landscape of financial aid to make informed decisions for your education financing needs.

mliss
Download Presentation

Maximizing College Financial Aid: A Comprehensive Guide

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. Goals of Financial Aid Primary goal is to assist students in paying for college and is achieved by: • Evaluating family’s ability to pay educational costs • Distributing limited resources in an equitable manner • Providing balance of gift aid and self-help

  2. Distributing limited resources in an equitable manner Sources and Types of Aid JCU at a Glance Types • Gift (non-repayable: grants/scholarships) • Self-Help (repayable: loans/student employment) Sources • Federal • State • Institutional • Outside/Private

  3. State Support Historical Perspective Today’s Reality OCOG only of $2280 awarded to families making under $75K and EFC’s <2156 2010-11 $1848 2011-12 $1872 2012-13 $2280 2013-14 $2080 Ohio Student Choice Grant $640 • Awarded to all full-time OH residents at private colleges • Program ended in 2008-2009 Ohio Instructional Grant (OIG) • Awarded based on Total Income(<$30K) and number in family • Ranged from $5466-$1314 • Program phased out in 2008-2009 Ohio College Opportunity Grant(OCOG) • Created in 2006-2007 • EFC driven with ranges from $4992-$600

More Related