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yetta-whitehead

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College Planning How Do I Pay For It?
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  1. College PlanningHow Do I Pay For It?

  2. What is UCanGo2? • A college access program for high school and middle school students and parents • Provides information on how to plan, prepare and pay for college • Helps families create a college-going culture in the home • An initiative of the Oklahoma College Assistance Program and the Oklahoma State Regents for Higher Education • Visit UCanGo2.org for college planning resources

  3. High School Student Workbook • Why Go To College? • What Do I Want to Be? • How Do I Get There? • Where Do I Go? • How Do I Pay for It?

  4. What is Financial Aid • Money used to help you pay for college • Comes in the form of grants, scholarships, work-study programs and student loans • All students are eligible for some type of financial assistance for college • Apply for this money ASAP after January 1 of your senior year and each year you need money for college

  5. Getting Financial Aid • Complete the FAFSA (Free Application for Federal Student Aid) to request financial aid • Find the FAFSA at FAFSA.gov • Online application preferred, but paper forms are available • Sign your FAFSA online with a Personal Identification Number or PIN • Never pay to complete this form; it’s a FREE application

  6. Types of Financial Aid Free Money • Grants • Scholarships Earned Money • Work-Study Student Loans • Loans

  7. Federal Grants • Money that does not have to be paid back • Usually awarded on the basis of financial need • Apply for all federal grants through the FAFSA form • Types of grants: • Pell Grant • Iraq and Afghanistan Service Grant • Teacher Education Assistance for College and Higher Education (TEACH) Grant • Federal Supplemental Educational Opportunity Grant (FSEOG)

  8. Scholarships • Money that does not have to be paid back • Awarded on merit, need, skills, hobbies, family history and athletics • Apply for as many scholarships as possible • Search scholarship websites, books, local organizations, churches, family employers, college financial aid offices • Contact your tribal office for assistance if you’re of Native American heritage

  9. Scholarship Success Guide

  10. College Work-Study • Provides part-time jobs for students with financial need • Jobs available on- or off-campus where you’ll perform duties related to a course of study or through involvement within the community • Types of jobs, pay rates and work schedules can vary greatly

  11. Student Loans • Money students and parents borrow to help pay educational expenses • Loans must be repaid and repayment usually begins after education is complete or you withdraw from college • Borrow only the amount you really need to cover school expenses • Look at loans as an investment in the future

  12. Loan Types • Federal Direct Loan • Subsidized – Government pays the interest on your behalf while you’re in school • Unsubsidized – Student is solely responsible for the interest • PLUS Loan • Parent Loan for Undergraduate Students • Perkins Loan

  13. Oklahoma Financial Aid • Oklahoma Tuition Aid Grant • Apply through the FAFSA • Deadline typically March 1 • Oklahoma’s Promise • Scholarship program for eligible Oklahoma students • Apply in the 8th, 9th or 10th grade • Academic Scholars Program • Awarded to students who score in the 99.5 percentile on the ACT/SAT exams

  14. Relevant and timely posts about the FAFSA • A forum to submit questions about the FAFSA • Tutorial videos in English and Spanish • Links to information about financial aid, money management, income tax issues and FAFSA dependency status • Explanation of common errors • Answers to frequently asked questions

  15. UCanGo2 Resources • Scholarship Success Guide • FAFSA Facts • College Fair Worksheet • College Terms Glossary • What Do I Want To Be? Worksheet • Campus Visit Checklist • Finish the FAFSA in Five Steps Brochure • College Planning Checklists • Transition to College Brochure • Tracking My Classes and Achievements Worksheet

  16. Questions ?

  17. Contact Us Oklahoma State Regents for Higher Education Oklahoma College Assistance Program Outreach Department 405.234.4239 866.443.7420 (toll free) UCanGo2@ocap.org