Upload
franco-xavier-calderon
View
221
Download
0
Embed Size (px)
Citation preview
8/8/2019 201033162422441 Financial Aid and Scholarships Guide
http://slidepdf.com/reader/full/201033162422441-financial-aid-and-scholarships-guide 1/12
CHCIGuIdetoapplyInGforfInanCIalaIdandSCHolarSHIpS |1
CHCIGiaigficiai&SchshisFind the key to your success! Plan. Pay. Succeed.
Sponsored by
8/8/2019 201033162422441 Financial Aid and Scholarships Guide
http://slidepdf.com/reader/full/201033162422441-financial-aid-and-scholarships-guide 2/12
Additional Helpful Websites:
www.studentjobs.gov/e-scholar.asp —ais
schshis,wshis,gsishis
ghighsch,ggss.
www.fafsa.ed.gov —thfaicifS
ai(fafSa)wbsi.thisiswhswh
cii.
www.eCampusTours.com/payingforcollege/default.htm —
fsschshischswsimi
gs,schshis,svigsgms,s.
www.act.org/fane—aciisim.
www.studentaidalliance.org—Ssccsssis
sciis-bsciigms.
8/8/2019 201033162422441 Financial Aid and Scholarships Guide
http://slidepdf.com/reader/full/201033162422441-financial-aid-and-scholarships-guide 3/12
CHCIGuIdetoapplyInGforfInanCIalaIdandSCHolarSHIpS |1
1 ficiaiGss
2 ficiai:
thfafSa-Sopcss
4 rviwthawl
4 loanS:IyMsBw,dIWis!
5 fSai
SmmCh
6 9ImSs
SccssSchshi
Schs
7 t10tisWiig
Schshiaici
Grants shhv
.thmbbsci
cmmviscs.th
mscmmsgscmm
sgciscgs.
Federal Pell GrantŮ vis-bs
gsw-icmg
cisbccss-mccsssscci.
Scholarshipswhghiv
s,swihgs,hv
hm;msbsmi
ci(i..:CHCISchshiw).
Work-study wsmi
cghmcgxss
bwkig-imjb.Iis
xcigsmxic
whihigci.
Loansbshmsbi.
Imscss,mbgis
hvgcg.yigibii
sismibhssh
fafSa.lscbhsc
cii,bbsshmshbsigh
i.Skssigh
msi.
tbCs ficiaiGss
8/8/2019 201033162422441 Financial Aid and Scholarships Guide
http://slidepdf.com/reader/full/201033162422441-financial-aid-and-scholarships-guide 4/12
2|CHCIGuIdetoapplyInGforfInanCIalaIdandSCHolarSHIpS
Applying or fnancial aid is easier than you think. Your frst stop: the Free
Application or Federal Student Aid (FAFSA). For many schools, this is the only
orm you need. Read on to learn more about the FAFSA.
ficiai:thfafSa-Sopcss
Fill out the FAFSA
Who?ys
What?thfafSaishmh
gvmssmiigibii
ssisc(s,gs,wk-
simssmschshis).
ymscmhismbcsi-
ismsi-
siii.a,shmimis,h
fafSaiscm.
When? Cmhmsss
cJ1si
bhsch’siii.y
schmqiiimsbsis
hfafSaisbmissi-
ischckwihsch’scii
cbqims
sch.
Where? thfafSacbcmi
www.s..gv.aici
issvibcbc
schcscgcii
cs.
How? yswigh-
mscxs
(icigW-2ms),swscbkccivsmsms.
thimishfafSawi
miexcfmiCibi
(efC)—hmm
scbxccib
cgcss.yschh-
issimqicihwmch
ciiwi.Sigwihh
sch’s“Csac,”hsbc
“excfmiCibi”(efC)
iv“ficin”:
COA – EFC = $$$
COA Cost o Attendance Tuition, ees, roomand board, books andsupplies, travel andincidental expenses
EFC Expected Family Amount o moneyContribution your parents can be
expected to contribute
$$$ Financial Need Amount you will needto go to school
8/8/2019 201033162422441 Financial Aid and Scholarships Guide
http://slidepdf.com/reader/full/201033162422441-financial-aid-and-scholarships-guide 5/12
CHCIGuIdetoapplyInGforfInanCIalaIdandSCHolarSHIpS |3
thschismhgh
ciickgmsm
,s,schivscs,s
wsssmm.
yshsbmifafSav
i—vihikqi-
cii.yigibiicchg
m,sciih
chgsimi’scicmscsi
chgsssig
hvsisss.as,
bigjciissmims
qisicivigivws.
IhvqsisbhfafSa
sssiscgms,c
hfSaiImiC
1-800-4-fed-aId(1-800-433-3243,tty
1-800-730-8913)m8:00m8:00.m.
estim,Mhghfi.y
cssbmiqsishghhwb
siwww.fafsa.ed.gov/contact.htm.
What happens next?fsixwkssbmi
fafSa,wicivSai
r(Sar).IsbmifafSa-
iicmiss
fafSa,shcivSar
wihiwwks.thSarisci-
chhcsscivfafSa,swssmmhci
icxcciv.
thcsswissc
Sarchhschsis
hfafSa.Iiicis
hSar,chcss1-800-
433-3243.
ImSair(Sar)
Imi:
The Student Aid Report (SAR), is generatedby the U.S. Department of Education.a
hfafSahsbcss,iiss
cichschshvis
hm.thiscssksb
wksmhimsbmissi,isi-
ciihhcss
hsbcm.Ivi-mi
ssfafSa,mssgwib
smigccsshSari.
I,Sarwibmih-sshishici.
The SAR is a summary of all the informa-
tion you submitted on your FAFSA.oc
civSar,chckimisks.Ii
iscc,khmcs.I
hs,gbckhfafSaWb
sispInmkccis.
You may receive a request for additional
documentation.ovh-
icisisscvicibh
gvm.Ihishs,b
m.thcgwiskc
sigxsiic-
mi.rsmvi-
ighcssigcii.ac-
gcciwciii
viciiscm.
IcivSarwihisix
wks,chcss1-800-433-
3243.BviSciSci
nmbbihvici.
fiigfafSaishssw
civigcii.S,whs
ssmhcigc-
gciissihhgh!
8/8/2019 201033162422441 Financial Aid and Scholarships Guide
http://slidepdf.com/reader/full/201033162422441-financial-aid-and-scholarships-guide 6/12
4|CHCIGuIdetoapplyInGforfInanCIalaIdandSCHolarSHIpS
The award letter is generated once theŮ
college receives your FAFSA results.
thishciick-
g,whichsicscms.
thwwiihscic
wsigibih
cg.
Remember that the award letter is anŮ
estimate and is subject to change, espe-
cially if you have estimated gures on your
FAFSA.rhwhgh
mkssch
ibig.
Aid may consist of a combination of fundsŮ
whichmiciwi
hvbck,gwihsh
bi.
Read the instructions carefullyŮ chck
sihigsbsig
hschbci-
i.Smcgswisksig
h.thisscmmi
,imsvshs.
lsmciihmsb
i.lscbhsc—
smimscss—h
cgci.
fiiiswiccwhi
isch,imscb-
ig.Kimihmhvcibwch
isch.
rviwhawl
ls:IMs
Bw,diWis!
Source: 2007–2008 College Planning Guide or
Juniors and Seniors.Iowa Student Loan- College
Access Network
8/8/2019 201033162422441 Financial Aid and Scholarships Guide
http://slidepdf.com/reader/full/201033162422441-financial-aid-and-scholarships-guide 7/12
|5Federal Student Aid Summary Chart
The ollowing is a summary o the U.S. Department o Education’s Federal Student Aid (FSA) programs that
will help you pay or school. Check with your school to fnd out which programs your school participates in.
Federal Student Type of Aid Program Details Annual AmountProgram
Federal Pell Grant Grant: does not Available almost exclusively to undergraduates $5,350 or 2009–2010; Amounthave to be repaid will depend on program unding
Federal Supplemental Grant: does not For undergraduates with exceptional fnancial need; $100–$4,000Educational Opportunity have to be repaid priority is given to ederal Pell Grant recipients; unds Grant (FSEOG) depend on availability at school
Academic Grant: does not For Pell-eligible students enrolled at least hal-time inCompetitiveness have to be repaid their frst or second year o study or in a certifcate program Grant (ACG) o at least one year at a degree-granting school
First year: must have completed a rigorous high school 1st year: Up to $750program o study; graduated rom high school ater Jan. 1, 2006;not have been enrolled in an ACG-eligible program whileat or below age o compulsory school attendance
Second year: must have completed a rigorous high schol 2nd year: Up to $1,300school program o study; graduated rom high schoolater Jan. 1, 2005; have at least 3.0 cumulative GPA atthe end o frst year o postsecondary study
National Science and Grant: does not For Pell-eligible students enrolled at least hal-time in third Up to $4,000 a year Mathematics Access have to be repaid or ourth year (or fth year o a fve-year program) majoring to Retain Talent Grant in science and mathematics areas with at least a 3.0 (National SMART Grant) cumulative GPA
Federal Work-Study Money is earned For undergraduate and graduate students; jobs can be on Award amount varies depending onwhile attending campus or o campus; students are paid at least ederal institutionschool; does not minimum wagehave to be repaid
Federal Perkins Loan Loan: must be repaid For undergraduate and graduate students; must be repaid Undergraduate students: up toto school that made the loan; interest 5 percent $5,500; graduate and proessional
students: up to $8,000
Subsidized Direct* Loan: must be repaid Subsidized: The U.S. Department o Education pays interest $3,500– $8,500, on year in college Or while the borrower is in school during grace deermentFFEL** Stafford Loan periods; student must be attending at least hal-time and have
fnancial need; fxed rate is set annually or new borrowers
Unsubsidized Direct* Loan: must be repaid Unsubsidized: Borrower is responsible or all interest; must $5,500–$20,500 (less any Or be enrolled at least hal-time; fnancial need not required; subsidized amounts received FFEL** Stafford Loan fxed rate is set annually or new borrowers or same period), depending on
grade level and dependency
statusDirect* of FFEL** Loan: must be repaid For parents o dependent undergraduate students and or Maximum amount is cost o PLUS Loan graduate and proessional students; students must be attendance minus any other
enrolled at least hal-time; fnancial need not required fnancial aid studentreceives;no minimum amount
Borrower must not have adverse credit history
PLUS Loans are unsubsidized, the borrower is responsibleor all interest
*This type o loan is rom the William D. Ford Federal Direct Loan Program. The loan is known as a Federal Direct Staord (or PLUS) Loan.**This type o loan is rom the Federal Family Education Loan (FFEL) Program. The loan is known as a FFEL (or Federal) Staord (or PLUS) Loan.
Source: Funding Education Beyond High School: The Guide to Federal Student Aid: 2009–2010, U.S. Department o Education
8/8/2019 201033162422441 Financial Aid and Scholarships Guide
http://slidepdf.com/reader/full/201033162422441-financial-aid-and-scholarships-guide 8/12
6|CHCIGuIdetoapplyInGforfInanCIalaIdandSCHolarSHIpS
1. Start earlyijihigh
schcischigsch-
shishghsicg.
ywihsmschshiswib
gmjscssv-
s.ohswibvscicxm:
smschshisicg
jis,sisssic
s.nwschshiswsbigcmbigib
smhmigicg
cmj.Bwis!y
cmissgii
wig.
2. Before you begin looking, know what you
are looking for.fxm:Igig
bgs,cm-
schisigcii
gss.
3. Search everywhereigscs
igci.Smsc-
scischhwig:y
highschcs,cmmigiz-
is,schcbs,hwkc,cg
ciimissics,ibis,
msim,hi.
4. Be sure you understand the mission
shgiziigh
schshi.Simschigb
hgizi.Whhviigh
schshim?Whishics?Wh
ishscicmmi?
niImSsSccss
SchshiSchs5. Learn the requirementsschshi-
gmscsi,schscmicchiv-
ms,hbbis,shiccmish-
ms,cmmiivvm.M
gmsksswhw
-jshswihgcmic
sig.
6. Follow the directionsivhsmsis.thismsm
gic,biisimbcwh
bgicmigschshiic-
is.fxm:
phmisihqsŮ
dichigshqsŮ
dssci,ssisc-Ů
s.
7. Be professional.usm-mi-
ss.dssmhighcb
csisiv.
8. Demonstrate condence but remain po-
lite and courteous. Iisimjc
s-imghiscgig.I
issvimmsi-
sihssisc,bwswihsc
cs.
9. Do not pay for scholarship searches.
thissgssibiiwi-
civsihmibhh
schshim.this
svichc
s.
Source: 2007–2008 College Planning Guide or Juniors and Seniors.Iowa Student Loan- College Access Network.
8/8/2019 201033162422441 Financial Aid and Scholarships Guide
http://slidepdf.com/reader/full/201033162422441-financial-aid-and-scholarships-guide 9/12
8/8/2019 201033162422441 Financial Aid and Scholarships Guide
http://slidepdf.com/reader/full/201033162422441-financial-aid-and-scholarships-guide 10/12
8|CHCIGuIdetoapplyInGforfInanCIalaIdandSCHolarSHIpS
8/8/2019 201033162422441 Financial Aid and Scholarships Guide
http://slidepdf.com/reader/full/201033162422441-financial-aid-and-scholarships-guide 11/12
CHCIGuIdetoapplyInGforfInanCIalaIdandSCHolarSHIpS |3
8/8/2019 201033162422441 Financial Aid and Scholarships Guide
http://slidepdf.com/reader/full/201033162422441-financial-aid-and-scholarships-guide 12/12
Congressional HispaniC
CauCus institute
9112S,neWshig,d.C.20002()202.543.1771(x)[email protected]
fCSloGo
fpo(isms333-7)
Whivighxgilisisismissi,CHCIisigsvighvimisisssccsss.
CHCIisisiigvimsiigicisbicissis.thisicsiigccsigsik.
thCgssiHisicCcsIsi(CHCI)is-,-isshivmcigizisbishi1978vhxgilis.
CHCIfInanCIalaIdGuIde181-6648fG