Transcript PowerPoint - Take Charge Today

FINANCING HIGHER EDUCATION
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FINANCING HIGHER EDUCATION
Mike Staten
TCAI Director and
Assistant Dean for Careers,
Commerce and Industry
University of Arizona
Rebekah Salcedo
Senior Associate Director
University of Arizona Office
of Scholarships and
Financial Aid
Shelly Stanton
National Master Educator,
Technology Integration
Specialist for Billings Public
Schools, Montana
IN PARTNERSHIP WITH
Take Charge Today Mission
“Provide educators with no-cost curriculum materials
and the skills and confidence to effectively
teach financial literacy”
Rebekah Salcedo
Senior Associate Director
University of Arizona Office of Scholarships
and Financial Aid
Office of Scholarships & Financial Aid
College Preparation Checklist
Resources
• Where to order College Preparation Checklist and
other Department of Education materials:
edpubs.ed.gov
• CSS Profile Information:
http://student.collegeboard.org/css-financialaid-profile
• UC Santa Barbara FAFSA guide
http://www.finaid.ucsb.edu/fafsasimplification/
Shopping Sheet
• A clear, concise way to see
the cost of a particular school
• Provides a standardized
award letter allowing
students to easily compare
financial aid packages and
make informed decisions on
where to attend college
• Nearly 2,000 institutions have
committed to providing the
Shopping Sheet to their
prospective students
More information at http://www.ed.gov/financialaid-shopping-sheet.
How much does it cost?
*2013/2014 Resident Dependent On/Off Campus Expenses
*Represents direct costs
*Expenses calculated through survey; the total is only an estimate and may vary from
student to student
For more information visit: http://http://financialaid.arizona.edu/freshmen/estimated-cost-attendance
How much does it cost?
*2013/2014 Resident Dependent On/Off Campus Expenses
*Represents direct costs
*Expenses calculated through survey; the total is only an estimate and may vary from
student to student
For more information visit: http://http://financialaid.arizona.edu/freshmen/estimated-cost-attendance
What do I need to do?
Filling out the FAFSA
FAFSA: Free Application for Federal Student Aid
• Visit fafsa.ed.gov
• School code
– i.e. U of A code: 001083
• Student and Parent’s federal
tax information
• Tax estimates
• Know school’s priority
deadline date (every school may
be different)
Types of Aid
Scholarships
Grants
Federal Work Study
Loans
Grants
Similar to scholarships
(they’re free!)
• Federal Pell Grant
• State and Federal Grants
• Teach Grant
Federal Work Study
• Allows opportunity to work on or off campus
• Provides skills not learned in the classroom
Federal Direct Loans
Subsidized Loans
Unsubsidized Loans
• Need Based
• Interest accrues while
you are in school
• Interest does not accrue
while in school
• Guaranteed (no credit
check)
Parent PLUS Loans
• Credit Check required.*
• Can request loan be deferred while student is
enrolled in school or you can begin repayment
while student is in school.
Federal Direct Loans
Questions?
Senior Year Timeline
Fall 2013
January 2014
• Apply to
College
• Look for
Scholarships
• Fill out 2014 –
2015 FAFSA
• Use 2013 Tax
Information
(estimates)
• Be aware of
school’s
priority
deadline
Spring 2014
• March: Many
scholarships
are due
• April: Submit
2013 tax
information for
FAFSA
• Fulfill
outstanding
financial aid
requirements
• Attend
orientation
Summer 2014
• Accept loans
Fall 2014
• Receive fall
disbursement
of aid (student
may receive aid
10 days before
the first day of
school at the
earliest;
disbursement
date varies by
school)
Shelly Stanton
Technology Integration Specialist and Career and
Technical Educator for Billings Public Schools
TCT Master Educator since 2007
2.3.5.G1

Take Charge Today has a series of lessons
 Preparing for Higher Education
▪ Students look at positive habits that will help them be
successful in post-secondary education
 Planning for Higher Education
▪ Students review their goals and look at career pathways
 Paying for Higher Education
▪ FAFSA and scholarship information
Advanced Level
2.3.5.G1
Pros
Cons
Plan Ahead!
Eight times as many
students drop out of
degree and
certificate programs
due to finances and
debt than grades!
What are other pros and cons of higher education?
2.3.5.G1
What are ways you can reduce the total cost of higher education?
Start saving early!
Take advanced
placement courses or
pass college-level
exams
Avoid needing
remediation classes
in college
Begin career pathway
planning early
Live at home
Work part-time
Consider in-state and
public universities
Carefully evaluate the
cost of attendance
and financial aid
packages
Attend a community
or junior college first
2.3.5.G1
Meet Imani:
About to
graduate
from high
school
Imani’s
Goal:
Become a
lawyer or
politician
Imani has
little
saved to
pay for
higher
education
Based on
Imani’s grades
and college
entrance
placement
scores she
may need
remediation
courses
Imani has learned that a bachelor’s and professional degree to
become a lawyer could cost as much as $301,118
Your mission: Explore ways to help Imani pay for her education
2.3.5.G1
1. Go out-of-state to earn a two-year
associate degree, bachelor degree and
professional degree
2. Attend in-state schools to earn her
associate and bachelors degrees while
living at home; go to an out-of-state
college for a professional degree
3. Go to in-state schools for all degree
programs
Anticipated total cost: $241,458
Anticipated total cost: $178,294
Anticipated total cost: $95,536
Higher Cost
Private loans
Federal Student
Loans
Money you do not
have to repay
Scholarships, Grants,
Work-Study Earnings
2.3.5.G1
Your mission: work in small groups to
identify at least three scholarships Imani is
eligible for based on her special
circumstances and extra-curricular activities
(FAFSA)
Eligibility
Deadlines
Application
Process
Resources
2.3.5.G1
Complete
the FAFSA to
be eligible
for financial
aid
Apply for as
many
scholarships
as possible
Never
borrow
more than
you need
Be sure you
can afford to
pay back
your loan
Although all conclusions are powerful this is where I saw amazing
engagement with students.
2.3.5.G1
PSA
2.3.5.G1
Quote from a
Counselor

“Everything I needed was in one
place and made not only
helping seniors easier but also
assisting parents! Thank you for
this resource.”
-Dave Spring, Billings, MT
2.3.5.G1
Quote from a
Teacher

“In 23 years of education, I’ve
never seen another lesson
designed to teach kids how to
pay for higher education.
Nobody else is telling them how.
This lesson is essential.”
 Tracey Newman-Missouri

Content videos




5-10 minute videos
Developed by national experts
Designed for educators
More coming soon!
How to Choose a
Financial Advisor
7 Tips for Financing
Higher Education
Free Application for
Federal Student Aid
(FAFSA)
Investing Principles
Individual Retirement
Accounts
Saving For College – 529
Plans
Continue the Conversation Online
Share your ideas, struggles or suggestions
https://takechargetoday.arizona.edu/forum/preparing-higher-education
Thank You For Participating
https://www.surveymonkey.com/s/LLVK2LF