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What is the value of a college education?
How do I improve my chances of receiving aid?
Where does nancial aid come from? Who is eligible?
Warning signs of scholarship scams
What is nancial aid?
Saritas story Page 9
Page 10
Page 11
Page 7-8
Page 6
Page 5
Page 4
Page 3
How do I apply?
Get Ready to Apply!
Table of contents
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What is the value of a college education?
Education is an investment
T W O W O R D S
Financial Aid!
Tuition can range from $3,000 to over $50,000 per year.
With college being so expensive, how can people afford it?
Yes, college is expensive, but with planning and preparation, youCAN nd many forms of nancial aid to help cover the costs.
The exact cost ofattendance depends
on many factors,including:
type of school room and board
state residency textbooks
living situation transportation
number of classesyou plan to take technology andother fees
In addition totuition, students need
to think about:
Althoughthere are many
costs to receiving acollege education, it
will pay off in thefuture through more
job opportunities,
higher salary, andability to supportyourself and your
family.
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What is nancial aid?
Financial Aid =
ScholarshipsGrants
Loans Work-StudyPart-time Jobs
MONEY FOR COLLEGEIt is funding that helps students pay for educational expenses.
It is any kind of nancial assistance offered to a student forcompleting post-secondary studies.
1)Free Money 2)Borrowed Money 3)Earned Mone
$ $
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Where does it come from?
Who is eligible to apply for nancial aid?Students who: Have a high school diploma or a General Education Development (GED) certi cate Are working toward a degree or certi cate in an eligible program
Who is eligible to apply for governmental aid?
Students who: Meet the above requirements Are a U.S. citizen, U.S. Permanent
Resident with an Alien Registration Card,or an eligible non-citizen (refugee, asylumgranted visit www.ed.gov to learn more)
Have a valid Social Security Number
Students who: Meet the above requirements Meet the speci c requirements of the scholarship
(e.g. academic, career or program of study) Are U.S. citizens, documented immigrants, or
undocumented immigrants
Who is eligible to apply for private scholarships?
Federal or state government
Companies
Community organizations
Churches or individuals
High schools
College or universitys private funds Loan company or bank
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How do I apply?
Before you can apply, you must gure out for which types of nancial aid you areeligible. If you are not a U.S. citizen or legal permanent resident, you will not qualifyfor the nancial aid offered by the federal or state government. However, there aremany private sources of nancial aid (scholarships) that do not requirecitizenship. Look through La Plazas Scholarship Guide for a list of availablescholarships!
Government aid
To Apply
Other Scholarships
To Apply
You can receive scholarships, grants, loans,and work-study money from the government.This nancial aid is based on nancial need,which is determined by you and your parentsincome information from the IRS 1040 TaxReturn forms.
Fill out the FAFSA (Free Application forFederal Student Aid) by March 1st of everyschool year. Find the application and moreinformation at www.fafsa.ed.gov.
You can receive scholarships from many differentsources. Scholarships are often based on academicmerit, career interest, talent, community service,GPA, and nancial need.
Each scholarship has its own application processand eligibility requirements. Common requirementsof the application include: application form,transcript, ACT/SAT test scores, essays, resumeand letters of recommendation.
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How do I improve my chances of receiving aid?
Review La Plazas Guide, How to prepare for college
Just by applying, you increase your chances of winning a scholarship by 100%!
Academically The higher your GPA is, the more scholarships you can apply for!
Getting Involved Many scholarships favor students in extracurricular and volunteer activities.
Taking Exams Some scholarships require a minimum test score on the ACT/SAT.
Researching colleges Almost all colleges offer scholarship opportunities.
Career related scholarships If a career interests you, look for scholarships in that eld.
Find and Apply!Gather as many scholarship applications as possible and APPLY!Remember that many of the requirements for college applications are the samefor scholarship applications.
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How do I improve my chances of receiving aid?
It may be a lot of work but in the end it PAYS OFF!
Call La Plaza to nd out about scholarship opportunities.
Talk to each scholarship organization to nd out what they consider a great scholarship application .
Attend Education Fairs and College Visits and talk to representatives from each college ask themwhat types of scholarships they offer.
Check in with your Guidance Counselor frequently to nd out if they have new scholarship information.
Ask teachers with whom you have a good relationship if they will write letters of recommendation for you.
Contact businesses, churches, and local organizations to ask if they offer any scholarships.
The most successful students are those who ask for help when they need it.You should be proactive in your search for scholarships.
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Saritas Story
Sarita will need to pay $1,695 for the school year, or approximately $212 per month for eight months.
Sarita wants to study business at IUPUI. Shes Latina and the rst person in her family to attend college.She has good grades, a 3.2 GPA, and 1110 SAT/24 ACT. During high school, Sarita volunteered monthlyat a soup kitchen and participated in other community events. She is in the Latino Student Club at her school.
She does not have documentation, but has lived in Indiana for ve years. She plans to live at home duringher college studies. She does not have car, but plans to take the bus to her classes.
EXPENSES/COSTS
Tuition La Plaza ScholarshipDiversity scholarship,
IU Kelley School ofBusiness,Sam Jones CommunityService Scholarship(IUPUI)
BooksRentFoodTransportationStudent FeesPersonal costs
Total Total
$6,445 $2,000$2,500
$3,000
$1,000$0$0
$450$800$500
$9,195 $7,500
FINANCIAL AID
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Warning Signs of Scholarship Scams
For a list of reliable resources, check out Resources to Help on the next page.
Keep an eye-out for scholarship offers which could be frauds.Such scholarship frauds often say something like
The scholarship isguaranteed or your
money back.The scholarship service
will do all the work.
The scholarship willcost some money.
The scholarship serviceneeds your credit card or
checking accountnumber in advance.
You are a nalist in a contest
you entered, or you havebeen selected by a national
foundation to receive ascholarship.
You are invited toa free seminar with atrained nancial aid
consultant who will unlockthe secrets on how to
make your self eligiblefor more nancial
aid.
You cant get thisinformation anywhere else.
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Get Ready to Apply!
1) Research scholarships for which you are eligible:
Resources to Help: Where do I look for scholarships?
2) Keep a calendar of scholarship deadlines that includes contact information,requirements and instructions for each
3) Check out the Tu Futuro page on the La Plaza website, www.laplaza-indy.org forthe La Plaza Scholarship Guide.
Now that you know more about how to pay for college,
its time you get ready to apply for nancial aid!
websites library school counselor La Plazas Education Specialists
La Plaza Scholarship Guide www.laplaza-indy.org Latino College Dollars www.latinocollegedollars.org MALDEF www.maldef.org Fast Web scholarship search www.fastweb.com Hispanic Scholarship Fund www.hsf.net Your Guidance Counselors Of ce
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Do you have questions or ideas to share?
Contact us at:La Plaza, Inc.
8902 E. 38th StreetIndianapolis, IN 46226www.laplaza-indy.org
Tu Futuro staff:[email protected]
(317) 890-3292
Copyright 2010 La Plaza , Inc. All rights reserved.
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