Transcript Slide 1
CAL-SOAP PRESENTS… Financial Aid Basics How much does college cost? Registration Fees Only University of California California State University $13,200 $7,025 California Community College $1,104 Private Universities $32,100 Fees/ Tuition $13,200 Miscellaneous Books and supplies $3,550 $1,550 University of California Total $33,000 Transportation $1,300 Room and board $13,400 Fees/ Tuition $7,025 Books and supplies Miscellaneous $3,829 $1,666 Cal State Total $24,394 Transportation $950 Room and board $10,924 Fees/ Tuition $1,104 Books and supplies Miscellaneous $3,250 $1,675 Community College Total $15,129 Transportation $1,200 Room and board $7,900 How do I pay for college? Paying for Your Education Personal Savings Grants Loans Scholarships Federal Aid What is FAFSA? Free Application for Student Aid Federal and State Financial Aid State Grants Federal Student Grants College and University Grants FAFSA Financial Aid Package Federal Work Study Loans How the FAFSA determines your Financial Aid •The amount of money you receive is based on your Expected Family Contribution (EFC) •EFC= The amount your family is expected to pay for your college based on family income Total Cost of Attendance Expected Family Contribution (EFC) Financial Need For Example You have 3 colleges in mind UCSD [living on campus] Cost of Attendance EFC Financial Need $31,700 $1,000 $30,700 SDSU [living on campus] $23,444 $1,000 Mesa College [living at home] $11,445 $1,000 $22,444 $10,445 COA - EFC = Federal Eligibility Cost of Attendance – Expected Family Contribution = Federal Eligibility (For grants, scholarships, work-study, and loans) 30 College Costs in Thousands (Tuition/fees, residence, meals, books, transportation, and personal expenses) 20 15 10 0 COA COA COA COA EFC Federal Eligibility (9) Cal Grants Cal Grant A Cal Grant B 3.0 High School GPA 2.0 High School GPA Financial Need determined by FAFSA Financial Need determined by FAFSA Cal Grants Cal Grant C Technical and career students Financial Need determined by FAFSA Cal Grant C Supplement Form Loans Student Parent • Subsidized • Unsubsidized • Private • Federal • Private Institutional Grants & Work Study Institutional Grants Determined by individual college based on financial need Work Study Awarded by individual college Work On/Off Campus Amount received only if you work What should I do next? Student and a Parent MUST get a PIN number to sign FAFSA online! Get your PIN numbers NOW! www.pin.ed.gov Complete the FAFSA at www.fafsa.ed.gov Apply January 1st- March 2nd First come first serve! Documents Needed to Complete FAFSA Social Security # Financial Records/ Tax Return Forms Email Address Driver’s License Number (if you have one Supplemental forms for Cal-Grant Submit GPA Verification Form electronically or by mail Begin submitting November 2012 Deadline for submission is March 2, 2013 California Chafee Grant for Foster Youth Eligibility Began Foster care between ages 16-22 Have financial need certified by school Maintain 2.0 GPA Can use at a college outside California How to apply for Chafee Grant 1 • Obtain PIN • www.PIN.ed.gov 2 • Complete FAFSA application • www.fafsa.ed.gov 3 • Complete Chafee Application • www.chafee.csac.ca.gov FAFSA PROCESS SUMMARY Step 1 Step 2 Both Students and Parents must apply for a PIN www.pin.ed.gov Complete the FAFSA online before March 2 www.fafsa.ed.gov Step 3 Review your Student Aid Report (SAR) and California Aid Report (CAR) Step 4 Receive financial aid packages from each of your colleges of interest DREAM ACT STUDENTS (no social security #) Submit Application Online Beginning January 1st Due March 2nd www.caldreamact.org ***DO NOT USE FAFSA APPLICATION Dream Act Eligibility Requirements 1 Attend a CA High School for 3 or more years 2 Graduate from a CA High School 3 File an affidavit with college or university stating that you intend to file and application to legalize your immigration status Finding Scholarships www.collegeboard.com www.scholarships.com www.collegenet.com www.fastweb.com www.sandiegocalsoap.com www.maldef.org (AB 540) CSS/ Financial Aid Profile: Private Colleges Financial aid application administered by the College Board Required by some independent colleges and scholarship organizations to award private aid Available online at https://profileonline.collegeboard.com Deadline for submission varies by institution. Attend a Cash For College Workshop! Jan 26: 9am-12noon Lincoln High School Feb 9: 10am-1pm Feb 2: 9am-12noon Montgomery High School Monte Vista High School Hoover High School Feb 23: 9am-12noon Feb 9: 9am-12noon Sweetwater High School Mira Costa College Mira Costa College- San Elijo Mar Vista High School El Cajon High School Madison High School CSU San Marcos Contacting Cal-SOAP… Find our representatives at local Cal-SOAP college and career events. For events and general college information: www.sandiegocalsoap.com Questions? Call our office: (858) 569-1866