FINANCIAL AID
For a wonderful resource go to www.GAcollege411.org
See also section titled Exploration and Planning:
*Project Post-Secondary
Kinds of Financial Aid
>Federal Supplemental Educational Opportunity Grant – (FSEOG) by the federal government & college
>Leveraging Educational Assistance Partnership – (LEAP) by the state government
>Institutional Grants – need based by the college
>Athletic Scholarships – deal with the athletic director or coach or NCAA – get in writing
>Talent Scholarships – deal with the admissions office, financial aid office, and/or public relations office.
>Other Scholarships – from organizations, alumni groups, businesses, etc.-
deal with the high school guidance office or online for websites.
>Advantages: builds a work record, can earn full time job, and helps get a foot in the door in Corporate
America.
>Subsidized – federal government pays interest while in school and student must begin repayment 6 months
after graduation
>Unsubsidized – interest will begin when you borrow the money and student must begin repayment 6
months after graduation – TIP: If you get this kind of loan, you need to at least pay the interest at the end
of each school year.
>PERKINS Loan – to students with significant need – repayment begins 6 months after graduation
>Service Cancelable Loans – repay with service – earn a salary while repaying your education through
service- offered by the GSFC for areas in a critical field.
>Georgia 1st Loan – an alternate education loan with competitive interest rates offered by the GSFC –
private loan – last choice
Sources of Financial Aid:
There are five costs of post secondary education:
Don’t eliminate the high cost of a college because of cost until you have applied for financial aid. If you would like to know how much the family is expected to pay of the costs listed above: Complete the Free Application for Federal Student Aid (FAFSA).
QUESTION TO ASK: My child will be starting college in (year), what will be my cost of education for the purpose of financial aid?
- Grants – The best source of financial aid - it is a gift from the government– it does not need to be repaid
>Federal Supplemental Educational Opportunity Grant – (FSEOG) by the federal government & college
>Leveraging Educational Assistance Partnership – (LEAP) by the state government
>Institutional Grants – need based by the college
- Scholarships – a gift
>Athletic Scholarships – deal with the athletic director or coach or NCAA – get in writing
>Talent Scholarships – deal with the admissions office, financial aid office, and/or public relations office.
>Other Scholarships – from organizations, alumni groups, businesses, etc.-
deal with the high school guidance office or online for websites.
- College Work Study – financial need based – student will have a job assignment for the college
- Cooperative Education – not need based – family contribution is not factored – student works and attends collegeon alternating semesters – contact cooperative education director for the college (usually financial aid office)
>Advantages: builds a work record, can earn full time job, and helps get a foot in the door in Corporate
America.
- Loans – to student or to parent
>Subsidized – federal government pays interest while in school and student must begin repayment 6 months
after graduation
>Unsubsidized – interest will begin when you borrow the money and student must begin repayment 6
months after graduation – TIP: If you get this kind of loan, you need to at least pay the interest at the end
of each school year.
- See Also:
>PERKINS Loan – to students with significant need – repayment begins 6 months after graduation
>Service Cancelable Loans – repay with service – earn a salary while repaying your education through
service- offered by the GSFC for areas in a critical field.
>Georgia 1st Loan – an alternate education loan with competitive interest rates offered by the GSFC –
private loan – last choice
Sources of Financial Aid:
- Federal government
- State government
- Colleges & Universities
- Community Groups
There are five costs of post secondary education:
- Direct Costs
- Tuition and Fees – these are fixed and paid to the school
- Indirect Costs
- Room and Board
- Books and Supplies
- Transportation
- Miscellaneous and Personal Expenses
Don’t eliminate the high cost of a college because of cost until you have applied for financial aid. If you would like to know how much the family is expected to pay of the costs listed above: Complete the Free Application for Federal Student Aid (FAFSA).
QUESTION TO ASK: My child will be starting college in (year), what will be my cost of education for the purpose of financial aid?
IMPORTANT: There are new laws/guidelines for the HOPE Scholarship and Grant.
You may also visit www.gacollege411.org or www.doe.k12.ga.us/.
THIS INFORMATION IS PROVIDED FOR STUDENTS GRADUATING FROM HIGH SCHOOL IN 2011 OR LATER. Click here to see a flyer provided by GSFC.
You may also visit www.gacollege411.org or www.doe.k12.ga.us/.
THIS INFORMATION IS PROVIDED FOR STUDENTS GRADUATING FROM HIGH SCHOOL IN 2011 OR LATER. Click here to see a flyer provided by GSFC.
HOPE Scholarship & Grant -
The largest non-need based program in the nation.
- HOPE Scholarship:
For more information, please click here to review the HOPE Scholarship regulations.
BHS Scholarship Bulletin
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CONTACT THE CAREER CENTER,MS. MORGAN COLLINS, IF YOU HAVE ANY QUESTIONS. |
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Financial Aid Search
Click on the link below to search:
www.gacollege411.com
www.scholarships4school.com
www.atlcf.org
www.scholarships.com
www.fastweb.com
www.schoolsoup.com
www.fafsa.gov (FREE Application for Federal Student Aid = FAFSA on the web)
www.gacollege411.com
www.scholarships4school.com
www.atlcf.org
www.scholarships.com
www.fastweb.com
www.schoolsoup.com
www.fafsa.gov (FREE Application for Federal Student Aid = FAFSA on the web)
Applications
FAFSA - FREE Application for Student Aid - www.fafsa.gov
The FAFSA form is used for:
> Student Application for pell grant
> Student Application for HOPE scholarship/grant
> Student Application for any loan needed
> Determines the Expected Family Contribution (EFC)
Once you determine the EFC, you need to compare it with the cost of the college.
> If the cost is higher than the EFC, then you will have financial need
> If the EFC is higher than the cost, then no financial need will be needed but you still can get financial aid.
> Formula: College Cost of Attendance – EFC = Amount of NEED based aid the student may qualify for
How to apply for Financial Aid – To be done during the senior year in high school
> Apply for college admissions
> Apply for financial aid to each college you are applying for admissions
> Check to see if the PROFILE Form is needed (mostly private colleges) – go to www.collegeboard.com for application
> Check with high school guidance office for scholarships
> After January 1 of senior year, complete the FAFSA
> If applying for private Georgia college, complete the e-TEG for the tuition equalization grant – go to www.gsfc.org
> Apply for student loans
> Apply for parent loans
How to Apply for the HOPE Scholarship & Grant
> It is recommended that 1st year college students complete the FAFSA.
> Some colleges also require the student to complete the school’s financial aid application.
> Students planning on attending a private college must complete the e-HOPE and/or the e-TEG application.
Basic Information for completing the Free Application for Federal Student Aid (FAFSA)
> Some sections are referring to “Student” (these are usually color coded)
> Some sections are referring to “Parent” (these are usually color coded)
> Paper Application – given to student by high school counselor upon request
> Online Application – RECOMMENDED – student must have a PIN # - 3-5 days
> Do NOT use nicknames on applications.
> Complete the application using your completed federal income tax return
> After Completion of the FAFSA, student will receive back a Student Aid Report (SAR)
> Once you receive the SAR, call the college financial aid office and ask:
> Did you receive the results from my FAFSA?
> Do you need any additional information?
> How/When will I know something about my financial aid?
The FAFSA form is used for:
> Student Application for pell grant
> Student Application for HOPE scholarship/grant
> Student Application for any loan needed
> Determines the Expected Family Contribution (EFC)
Once you determine the EFC, you need to compare it with the cost of the college.
> If the cost is higher than the EFC, then you will have financial need
> If the EFC is higher than the cost, then no financial need will be needed but you still can get financial aid.
> Formula: College Cost of Attendance – EFC = Amount of NEED based aid the student may qualify for
How to apply for Financial Aid – To be done during the senior year in high school
> Apply for college admissions
> Apply for financial aid to each college you are applying for admissions
> Check to see if the PROFILE Form is needed (mostly private colleges) – go to www.collegeboard.com for application
> Check with high school guidance office for scholarships
> After January 1 of senior year, complete the FAFSA
> If applying for private Georgia college, complete the e-TEG for the tuition equalization grant – go to www.gsfc.org
> Apply for student loans
> Apply for parent loans
How to Apply for the HOPE Scholarship & Grant
> It is recommended that 1st year college students complete the FAFSA.
> Some colleges also require the student to complete the school’s financial aid application.
> Students planning on attending a private college must complete the e-HOPE and/or the e-TEG application.
Basic Information for completing the Free Application for Federal Student Aid (FAFSA)
> Some sections are referring to “Student” (these are usually color coded)
> Some sections are referring to “Parent” (these are usually color coded)
> Paper Application – given to student by high school counselor upon request
> Online Application – RECOMMENDED – student must have a PIN # - 3-5 days
> Do NOT use nicknames on applications.
> Complete the application using your completed federal income tax return
> After Completion of the FAFSA, student will receive back a Student Aid Report (SAR)
> Once you receive the SAR, call the college financial aid office and ask:
> Did you receive the results from my FAFSA?
> Do you need any additional information?
> How/When will I know something about my financial aid?
Questions & Answers
coming soon
Additional Resources
| Pay for College - Video |
| Financial Aid Planner & Timeline by GAcollege411 |
| Financial Aid Checklist by College Board |
