Please silence your CELL PHONE Pickup a copy of Fund Your Future One per Household.

Please silence yourPlease silence your

CELL PHONECELL PHONE

Pickup a copy of “Fund Your Future”

One per Household

Financial AidFinancial AidHow to How to

Fund Your FutureFund Your Future

Danielle Bryant M-ZDanielle Bryant M-Z

Randall Jackson A-LRandall Jackson A-L

College is an Investment College is an Investment

High School GraduateHigh School Graduate$ 32,552$ 32,552

Bachelor’s DegreeBachelor’s Degree$ 53,324$ 53,324

Master’s DegreeMaster’s Degree$ 65,364$ 65,364

EFCEFC

Expected Family ContributionExpected Family Contribution What the Government Expects you to What the Government Expects you to

contributecontribute Will stay the same no mater which Will stay the same no mater which

college you attendcollege you attend

More information on page 13

COACOA

Cost of AttendanceCost of Attendance Tuition, Books Supplies, Housing, Tuition, Books Supplies, Housing,

Food, Transportation and presonal Food, Transportation and presonal expenses.expenses.

Your COA will vary from school to Your COA will vary from school to schoolschool


Your Financial NeedYour Financial Need

Your COAYour COA

-- Your EFCYour EFC

____________________________________________

== Your Financial Need Your Financial Need

or Net Costor Net Cost


4 Types of Student Aid4 Types of Student Aid

GrantsGrantsWork-StudyWork-StudyLoansLoansScholarshipsScholarships


Federal GrantsFederal Grants

Federal Pell Grants/Free moneyFederal Pell Grants/Free money$5,472$5,472

Federal Supplemental Federal Supplemental Educational Opportunity Grant Educational Opportunity Grant or FSEOGor FSEOG$100 - $4,000$100 - $4,000


Cal Grant Income and Asset CeilingsCal Grant Income and Asset CeilingsFor New and Renewing Applicants –

Dependent students and Independent students with dependents other than spouse

Cal Grant Cal Grant A and C B

Family size:Six or more $101,000 $55,500Five $93,700 $51,400Four $87,400 $45,900Three $80,400 $41,300Two $78,500 $36,700

WWW.CSAC.CA.GOVWWW.CSAC.CA.GOV

Cal Grant A

Additional Eligibility Criteria:• Meet income & asset ceiling (demonstrate financial

need)•3.00 minimum high school GPA•Pursuing AA and BA programs onlyAnnual award amounts may be:• Used for tuition and/or fees only• Held in reserve while attending community college

CSU UC Private

$ 5,472/yr $ 12,192/yr $ 9,708/yr


Cal Grant B

•Very low income students who:• Meet the income and asset ceilings

•2.00 GPA minimum

•AA, BA/BS and Certificate programs

•Annual Awards• $1551 stipend first year

• Fees/Tuition plus $1551

• Available as Entitlement & Competitive Awards


Cal Grant C

Low and Middle income students who:

•Enroll in vocational courses of study

•AA and Certificate programs only

•Can be used for any school expenses including tuition and fees

•Eligibility determined only after application is given Cal Grant A and B consideration


Cal Grant GuaranteeCal Grant Guarantee

■ You’re guaranteed to receive a Cal Grant award You’re guaranteed to receive a Cal Grant award if you: if you: ♦ are a high school senior or recent graduate,are a high school senior or recent graduate,♦ apply by March 2, apply by March 2, ♦ graduate from a California high school, graduate from a California high school, ♦ meet income and asset ceilingsmeet income and asset ceilings♦ meet all other eligibility requirements, and meet all other eligibility requirements, and ♦ have financial need based on your college costs and have financial need based on your college costs and

your expected family contributionyour expected family contribution


Make sure your graduating senior Make sure your graduating senior includes their high school on the FAFSA includes their high school on the FAFSA THS’s code is (053490)THS’s code is (053490)CSAC can then match between GPA CSAC can then match between GPA and FAFSA informationand FAFSA informationCSAC will be able to report to schools CSAC will be able to report to schools on missing GPAs and missing FAFSAson missing GPAs and missing FAFSAs

High School Entitlement Awards

Tracking your Cal GrantTracking your Cal Grant

■ Track your Cal Grant and/or California Track your Cal Grant and/or California Chafee Grant application or awardChafee Grant application or award

■ www.webgrants4students.org ♦ 24/7 access24/7 access♦ Secure accountSecure account♦ Make changes to your accountMake changes to your account

■ Avoid delays in getting your grant – keep Avoid delays in getting your grant – keep your account updatedyour account updated

16

Work-StudyWork-StudyMoney for college that you earnMoney for college that you earn

Free Money Free Money Financial needFinancial needDepends on your collegeDepends on your college

LoansLoansMust be repaid this is Not Free Must be repaid this is Not Free

MoneyMoneyTwo kinds of Loans Two kinds of Loans

SubsidizedSubsidizedUnsubsidized Unsubsidized

$5,500 first year$5,500 first year


■ Federal Stafford loansFederal Stafford loans♦ Subsidized Stafford loansSubsidized Stafford loans

Based solely on demonstrated financial needBased solely on demonstrated financial need The federal government pays the interest while you The federal government pays the interest while you

are in schoolare in school

♦ Unsubsidized Stafford loansUnsubsidized Stafford loans All eligible students can receive them, regardless of All eligible students can receive them, regardless of

income or assetsincome or assets You’re responsible for paying the interest while in You’re responsible for paying the interest while in

schoolschool

19

LoansLoansMore information on page 9

Repaying your loanRepaying your loan

20

Scholarship ResearchScholarship Research

Contact your high school counselorContact your high school counselor Visit the following websites:Visit the following websites:

Libraries (county and city)Libraries (county and city) BookstoresBookstores Local organizations (church groups, clubs)Local organizations (church groups, clubs) Contact parents place of employmentContact parents place of employment Contact the colleges of your choiceContact the colleges of your choice

www.fastweb.com

www.finaid.org

ScholarshipsScholarships Merit BasedMerit Based

Based on AccomplishmentsBased on Accomplishments GPAGPA Class rankClass rank Community ServiceCommunity Service

Need BasedNeed Based Based on Financial NeedBased on Financial Need

Cost of AttendanceCost of Attendance Expected Family ContributionExpected Family Contribution

Athletic Athletic Based on Playing College Sports Based on Playing College Sports

The CaliforniaThe CaliforniaMiddle Class ScholarshipMiddle Class Scholarship

Starts in 2014-2015 for undergraduate Starts in 2014-2015 for undergraduate students who are:students who are:Attending a CSU or UC campus (Current, Attending a CSU or UC campus (Current, Incoming First Time Freshmen and Transfer)Incoming First Time Freshmen and Transfer)From families with income less than $150kFrom families with income less than $150kU.S. citizens, permanent residents or AB 540U.S. citizens, permanent residents or AB 540Not incarceratedNot incarceratedCalifornia residentsCalifornia residents

Other ways to afford collegeOther ways to afford college

■ Private scholarshipsPrivate scholarships■ National Merit ScholarshipsNational Merit Scholarships■ Community serviceCommunity service■ The militaryThe military■ Credit for experienceCredit for experience■ Earn credit in high schoolEarn credit in high school■ Cooperative educationCooperative education■ Part-time workPart-time work■ Start at a community collegeStart at a community college■ ScholarShare college savings planScholarShare college savings plan■ Company-paid educationCompany-paid education■ Tax benefitsTax benefits■ Jobs that help you repay loansJobs that help you repay loans24

See page 14 in your workbook

Will You Qualify for Financial Aid?Will You Qualify for Financial Aid?

The FAFSAThe FAFSA www.FAFSA.ed.gov

California Dream ApplicationCalifornia Dream Application www.caldreamact.org

FAFSA4CasterFAFSA4Caster Get a peek into your futureGet a peek into your future www.federalstudentaid.ed.gov

Top 10 Things You Must DoTop 10 Things You Must Do

1.1. Submit the FAFSA or Dream Act Submit the FAFSA or Dream Act Application (AB540)Application (AB540)

2.2. Submit college applicationsSubmit college applications

3.3. Demonstrate financial needDemonstrate financial need

4.4. Have a high school diplomaHave a high school diploma

5.5. Be a U.S. Citizen or AB 540 studentBe a U.S. Citizen or AB 540 student


Top 10 Things You Must DoTop 10 Things You Must Do

6.6. California ResidentCalifornia Resident7.7. Enroll in an eligible degree or Enroll in an eligible degree or

certificate programcertificate program8.8. Maintain Academic ProgressMaintain Academic Progress9.9. Have a Social Security numberHave a Social Security number10.10. Register with US Selective Register with US Selective

Service (males 18-25)Service (males 18-25)


Are you dependent or Are you dependent or independent?independent?

10 different ways to claim your 10 different ways to claim your independence independence WorksheetWorksheet

““Dependency Override”Dependency Override”

How do you apply? #1How do you apply? #1

You need a Social Security numberYou need a Social Security number Name must matchName must match

Get a Federal Student Aid PINGet a Federal Student Aid PIN www.pin.ed.gov This is how you E-sign your FAFSAThis is how you E-sign your FAFSA

Your financial recordsYour financial records An email addressAn email address Your driver’s license numberYour driver’s license number



FAFSA Web WorksheetFAFSA Web Worksheet www.fafsa.ed.gov

Don’t wait to file your taxesDon’t wait to file your taxes Cash for CollegeCash for College January 22 from 4 to 7 p.m. January 22 from 4 to 7 p.m. Sign up tonight Sign up tonight



Complete the FAFSA onlineComplete the FAFSA online www.fafsa.ed.gov or www.caldreamact.org or www.caldreamact.org

Should take about an hourShould take about an hour Paper FAFSAPaper FAFSA

Photocopies or faxes are not acceptedPhotocopies or faxes are not accepted Don’t send tax formsDon’t send tax forms



Submit any other applicationsSubmit any other applications CSS/Financial aid ProfileCSS/Financial aid Profile

http://collegeboard.comhttp://collegeboard.com Ask the college financial aid officeAsk the college financial aid office



Review your Student Aid ReportReview your Student Aid Report The federal government selects 1 out of 3 The federal government selects 1 out of 3

for verificationfor verification Federal tax returns with w-2 formsFederal tax returns with w-2 forms



Review your California aid reportReview your California aid report Cal GrantCal Grant FAFSA by March 2FAFSA by March 2 THS will submit your GPA verification THS will submit your GPA verification Make corrections to FAFSAMake corrections to FAFSA If you were not awarded a Cal GrantIf you were not awarded a Cal Grant Community College by September 2Community College by September 2

More information on page 10 & 11


Evaluate Your Financial aid OffersEvaluate Your Financial aid Offers Each college you list on your FAFSAEach college you list on your FAFSA COA might be covered by a mix of grantsCOA might be covered by a mix of grants Offers will vary – don’t miss deadlinesOffers will vary – don’t miss deadlines You can pick and choose the aid you want.You can pick and choose the aid you want.

More information on page 10 & 11

Sample financing planSample financing plan

http://californiacolleges.edu/finance/finance.asp36

Student: SerenaAge: 18Status: Single (dependent on parents)Housing: At home with parentsParent income: $40,000

(A) 2011-12 CSU cost of attendance (living at home with parents):Fees/tuition: $5,472Books/supplies/room/board/misc. expenses: $9,756

$15,228

(B) Grant assistance totalSerena is eligible for grant assistance based on her family’s financial resources. The campus aid office pulls together grant aid from a variety of sources, including federal Pell Grants, state Cal Grants and the CSU’s own grant funding.

$9,680

(A - B) = Net cost to familyThe net cost is the amount that Serena’s family must pay after need-based grants are taken into account.

$5,548

MANAGING THE NET COSTParents and students work together to cover the net cost using resources provided by the college, including parent and student education loans, part-time work during the academic year, and savings from summer earnings.

The net cost is not due all at once. Many costs, such as living expenses, are incurred over time.

Here is a sample of how Serena’s family might cover her net cost.

Serena’s parentsCombination of current earnings, savings or a parent loan: Serena’s parents would be expected to contribute $926 for the year.

$926

SerenaStudent part-time work during academic year:Student education loans:Savings from summer jobs:

$0$2,981$1,641

This chart is on page 13

Report AidReport Aid If your student get a scholarship and you If your student get a scholarship and you

would like to have the scholarship printed in would like to have the scholarship printed in the senior awards night program let Mrs. the senior awards night program let Mrs. Anderson in the career center know.Anderson in the career center know.

Parents be aware all scholarship awards Parents be aware all scholarship awards must be reported to your student’s college must be reported to your student’s college financial aid office, including local ones. financial aid office, including local ones.

Contact the counseling officeContact the counseling office

Phone 822-2146Phone 822-2146Email [email protected] [email protected] [email protected] Email [email protected]

See on January 22See on January 22thth

Cash for College signup tonightCash for College signup tonight

Thank you for comingThank you for comingUseful WebsitesUseful Websites

♦ ACT: www.actstudent.orgACT: www.actstudent.org♦ AmeriCorps: www.americorps.govAmeriCorps: www.americorps.gov♦ Cal Grants: www.calgrants.orgCal Grants: www.calgrants.org♦ California Cash for College workshops: California Cash for College workshops:

www.californiacashforcollege.org www.californiacashforcollege.org ♦ College Board: www.collegeboard.org College Board: www.collegeboard.org ♦ California colleges: www.californiacolleges.edu California colleges: www.californiacolleges.edu ♦ College Savings Plan: www.scholarshare.comCollege Savings Plan: www.scholarshare.com♦ ECMC: www.ecmc.orgECMC: www.ecmc.org♦ FAFSA: www.fafsa.gov FAFSA: www.fafsa.gov ♦ Federal Financial Aid: www.studentaid.ed.govFederal Financial Aid: www.studentaid.ed.gov

39

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