Basics of Financial Aid Powerpoint Presentation | |
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A Quick Review of the FAFSA Process | |
File Size: | 828 kb |
File Type: | pptx |
FAFSA on the Web (FOTW) Presentation and Tips | |
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File Type: | pptx |
FINANCIAL AID
For a wonderful resource go to www.GAfutures.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:
- 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
- Indirect Costs
- Room and Board
- Books and Supplies
- Transportation
- Miscellaneous and Personal Expenses
HOPE Scholarship & Grant -
The largest non-need based program in the nation.
- For more information, please click here to review the HOPE Scholarship regulations.
- IMPORTANT: There are new laws/guidelines for the HOPE Scholarship and Grant.
You may also visit www.gacollege411.org.
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To see the listing of courses that meet the rigor requirements, click here. |
BHS Scholarship Bulletin
THIS SECTION HAS MOVED TO A NEW PAGE. CLICK ON THE FINANCIAL AID TAB AND MOVE THE CURSOR TO THE RIGHT TO CLICK ON THE NEW PAGE or click here or click here.
CONTACT THE CAREER CENTER, MS. MORGAN COLLINS, IF YOU HAVE ANY QUESTIONS. |
Financial Aid Search
Click on the link below to search:
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.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
1. FAFSA - FREE Application for Student Aid -
For the official website click on the following link. www.fafsa.gov
For information on the FAFSA on the Web click on the following link. FOTW PREVIEW PRESENTATION
For information on the FAFSA process click on the following presentation. FAFSA PROCESS
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?
2. CSS/Financial Aid Profile
This form is used at various institutions for extra information that is not part of the FAFSA form.
Contact the college financial aid office for information about this form and eligibility.
3. Additional Forms at the college discretion:
For the official website click on the following link. www.fafsa.gov
For information on the FAFSA on the Web click on the following link. FOTW PREVIEW PRESENTATION
For information on the FAFSA process click on the following presentation. FAFSA PROCESS
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?
2. CSS/Financial Aid Profile
This form is used at various institutions for extra information that is not part of the FAFSA form.
Contact the college financial aid office for information about this form and eligibility.
3. Additional Forms at the college discretion:
- Noncustodial Parent Profile
- Tax returns and W-2 forms
- Institutional Application
Questions
Please contact your grade level counselor or Ms. Collins in the career center if you need further help or have questions.