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
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 Feb 2: 9am-12noon
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Montgomery High School
Monte Vista High School
Hoover High School
 Feb 23: 9am-12noon
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 Feb 9: 9am-12noon
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Sweetwater High School
Mira Costa College
Mira Costa College- San
Elijo
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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