financial aid seminar - new diana counselor€¦ · financial aid seminar new diana high school...
TRANSCRIPT
FINANCIAL AID SEMINAR
New Diana High School
presented by:
Brandy Humphreys, LPC, MA, CSC
Professional School Counselor
OBJECTIVES
• Welcome
• Free Application for Federal Student Aid, or FAFSA
• Types of Financial Aid
• Scholarship Search
• Mom Experience
FAFSA• FREE Application for Federal Student Aid
• FREE
• https://fafsa.ed.gov
• Determines Eligibility for Federal Aid
• SAR – Student Aid Report https://studentaid.ed.gov/sa/fafsa/next-steps/student-aid-report
• EFC – Expected Family Contribution
• Timeline
• October 1 – FAFSA Opened
• March 15 – Regular Deadline
• Some schools are using a new Priority Deadline of
December 15th – Check your school to not miss a date
• SAR – Received at College
• End of March – FA /Packages/Notifications Mailed
• April – Students Weigh Offers and Compare Awards
• May 1 – Declare College, Make Deposits
THINK ABOUT IT• FSA ID Number
• Access to Online System and Legal Electronic Signature.
• Needed for Parent/Guardian and Student
• FAFSA Required Documents
• SSN – Parent/Guardian/Student
• Federal Income Tax Returns and W-2 Forms
• Can be imported if taxes filed electronically and have been accepted
by Federal Govt. - IRS RETRIEVAL TOOL
• PYY – Prior Year Year…2015 Tax Info for Class of 2018.
• Current Bank Statements
• Records of Un-Taxed Income
• Records of Stocks, Bonds, Other Investments
BAD NEWS…
• The Federal Government
• The College/University
• When they take your financial information they do not take into account:
• Your Car/Car Payment/Number of Cars, etc.
• Your Home Loan/Loan Payment, etc.
Total Educational Expenses for an Academic Year
- EFC (Expected Family Contribution
= Remaining Financial Aid
• Some EFC: $0.00 (Grants/WS)
• Some EFC: $32,000 (Self Pay/Loans)
Expenses $25,000
-EFC $13,000
Remaining$ 12,000
The EFC will vary depending on your
Income Info, these are just examples.
GOOD NEWS…
• Since schools are using Prior-Prior Year Tax Info, if your
situation has changed, be sure to communicate that with the
school’s financial aid office.
• i.e. loss of job, death, change in income or situation.
• If can’t hurt to ask!!!
TYPES OF FINANCIAL AID
Gift Aid/Merit• Scholarships
• Gift Aid
• No Repayment
• Special Requirements
• Financial Need
• Ex: Left Handed
• Grants
• Financial Need
• Ex: Pell Grant
Loans• Types:
• Student
• Parent
• Subsidized (Need Based)
• Fed Govt pays interest
while student enrolled –
part time
• Un-Subsidized (Not Need)
• Student/Parent pays
interest – can be while
enrolled
Work Study• Offered by School
• Based on Need
• Directed by Financial
Aid Office
THINK ABOUT IT
• College Board Online Tool
• https://bigfuture.collegeboard.org/pay-for-college
• To compare as many as four
financial aid packages: Enter into
about college costs and aid offers.
• Make friends with your, or your
student’s, prospective college
financial aid department
• Remember Priorities:
• The college with the most
attractive (i.e. most money
offered) might not be the best
choice for you or your student.
• Think about all options:
• Distance From Home
• Friends
• College Atmosphere/Culture
SCHOLARSHIP SEARCH
• Can Be Overwhelming
• Have a Plan
• Who are you? Where are you headed?
• Personal Inventory
• Citizenship/State/Religion/Ethnicity/Disability/Military/Employers
(Parent/Guardian/Student)/Membership Organizations
• Other
• Academic Interests/Extracurricular/Career Interests
• Free – Should Never Cost Money
• Avoiding Scams
• https://bigfuture.collegeboard.org/pay-for-college/grants-and-
scholarships/how-to-avoid-financial-aid-scams
SOCIAL MEDIA
• Facebook/Twitter/Instagram - Posting
• Remind 101 – Texting
• Symbaloo –
• NDISD.org
• Select High School
• Select Counselor Link
• Select College and Career Readiness
• Scroll under the photo of George Washington, select the
symbaloo link
• From there click on the site you want to visit
SYMBALOO WEB MIX
Borrowed Resources
WHERE TO LOOK• Counseling Office
• Spreadsheet – Update Email Information (The spreadsheet will be linked once we start getting scholarship info in, usually about February)
• Wall Folders, in Mrs. Robert’s Office, parents are welcome to browse too.
• College and Career Center at NDHS (Located in the Counselor’s Office)
• Scholarship Books – Compendium and US News – Others
• SSS (If you took the PSAT/NMQST and selected “yes” to the opt in.)
• Student Search Service – PSAT/NMQST
• Prospective College/University
• Deadlines (December 1?)
• Merit (GPA ACT/SAT Scores) or Financial Need or Program (Music)
• Organizations (Check out websites of business you frequent.)
• ETPCU/Upshur Rural Electric/ETC
• College Board https://mycollegedollars.hyfnrsx1.com/
THINK ABOUT IT• “Things to Remember Folder”
• Resume
• Highlights of Awards, Achievements, Recognitions
• Asking for: Letters of Recommendation (Focus) & Thanking Writers
• Transcript
• Financial Aid Docs (SAR/Tax Info, etc)
• Motivation – High or Low, if LOW…
• Kitchen Table Scholarship Sunday Night Sessions
• Sticky Note of Due Date
• Organized by Date
• Every Sunday Night – Completed that Week’s Applications
• Keep a copy of EVERYTHING
• Will allow you to know how to redeem the scholarship if you win it.
$$$