2009 Financial Aid Seminar

Presented by:

MOREHOUSE COLLEGE UPWARD BOUND

MATH/SCIENCE PROGRAMMaynard Evans High School

Orlando, FL

College Expenses covered by Financial

Aid Tuition & Fees

Room & Board

Transportation

Books and Supplies

Personal Expenses

SOURCES OF FINANCIAL AID

FEDERAL GOVERNMENT

STATE AID

INSTITUTIONAL AID

PRIVATE ORGANIZATIONS

FEDERAL STUDENT AIDPROGRAMS

PELL GRANT SEOG LOANS WORK-STUDY

PELL GRANT

FREE MONEY PROGRAM

FEDERALLY BASED

$5350 (2009- 2010 Award)

SEOGSUPPLEMENTAL EDUCATIONAL OPPORTUNITUY

GRANT

FREE MONEY CAMPUS BASED ELIGIBILITY BASED ON

• EXPECTED FAMILY CONTRIBUTION (EFC)

• COST OF ATTENDANCE• ENROLLMENT STATUS

MAXIMUM AMOUNT VARIES • RANGE: $100 - 4000

FEDERAL STAFFORD LOAN

CLASS DEPENDENT(SUBSIDIZED)

INDEPENDENT(SUBSIDIZED)

FRESHMAN $5,500($3,500)

$9,500($3,500)

SOPHOMORE $6,500($4,500)

$10,500($4,500)

JUNIOR $7,500($5,500)

$12,500($5,500)

SENIOR $7,500($5,500)

$12,500($5,500)

FEDERAL PLUS LOAN

PARENTS CAN BORROW UP TO THE COST OF EDUCATION MINUS OTHER FINANCIAL AID

FIXED INTEREST RATE OF 7.90% ALSO MUST PAY A DISBURSEMENT

FEE (up to 4%)

FEDERAL PLUS LOAN

REPAYMENT OPTIONS: •60 days after full disbursement•Six months after enrollee drops below

half time enrollment COMPLETE FEDERAL PLUS LOAN

APPLICATION AND SUBMIT TO THE FINANCIAL AID OFFICE

PERKINS STUDENT LOAN

DESIGNED TO MAKE LOW-INTEREST (5%), LONG-TERM LOANS DIRECTLY TO STUDENTS IN NEED

COLLEGE WORK / STUDY

FEDERAL GOVERNMENT PAYS A PERCENTAGE OF THE WAGES FOR STUDENTS WHO WORK PART-TIME

NOTE: Student’s responsibility to find employment.

STATE STUDENT AID PROGRAMS

Georgia Equalization GrantHOPE Scholarship

STATE AID

HOPE SCHOLARSHIP  GA TUITION EQUALIZATION GRANT PROGRAM GOVERNOR'S SCHOLARSHIP REGULATIONS LAW ENFORCEMENT PERSONNEL DEPENDENTS

GRANT PROGRAM REGULATIONS  LEVERAGING EDUCATIONAL ASSISTANCE

PARTNERSHIP PROGRAM GRANT   NORTH GEORGIA COLLEGE AND STATE

UNIVERSITY R.O.T.C. GRANT  PUBLIC SAFETY MEMORIAL GRANT PROGRAM

INSTITUTIONAL AID

VARIES

Institutional Scholarships process usually begins with the completion of

the application process.

HOW DO YOU OBTAIN FEDERAL OR

INSTITUTIONAL AID?

FAFSAFinancial Aid Office

Other Agencies

FAFSA (Paper Application)

Avoid Common Errors Do not leave questions or fields blank Read instructions Double-check answers for accuracy Sign the form (parent and student) Make sure all information is legible, pay

close attention to numbers (SS, school code & dollar amounts)

FAFSA On the WEB

Online Registrationhttp://www.fafsa.ed.gov Results in 7 to 14 days State and / or school aid Completely secure

USING YOUR PIN

Make application correction online File a renewal application View loans and grants information Sign your electronic application

FOR MORE INFORMATION

Online help at www.fafsa.ed.govCall 1-800-4-FED-AID (1-800-433-3243)Contact the school guidance departmentSee Mr. Thomas Danley, ETS Counselor