Transcript newFinancial Aid Presentation Continuous Orientation.pptx

2012-2013
What is Financial Aid?

 Financial Aid is funds provided to students to help
pay for the cost of college
 The United States government has $150 billion to
spend on your education
 Financial Aid is present in the form of:
 Grants
 Work-Study
 Federal Loans
How do I get started?

 Apply using a FAFSA application online at www.fafsa.ed.gov
 The FAFSA is the FREE Application for Federal Student Aid
 Each student is awarded based on financial need.
 You must reapply every year, beginning January 1st.
BEWARE OF SCAMS requiring fees to complete the FAFSA or
help you find financial aid resources.
www.fafsa.ed.gov

If the FAFSA is online,
how do I sign it?

 Log onto
www.pin.ed.gov
to apply for a PIN
to sign the FAFSA
electronically
 Save your PIN,
you will use it
every year you
apply for Federal
Student Aid
www.pin.ed.gov
Temple College
FAFSA Deadlines

Fall Semester
 June 1st
Spring Semester
 November 1st
Summer Semester
April 1st
Types of
Financial Aid
Types of Financial Aid

 Scholarships
 Grants
 Work-Study
 Federal Loans
Scholarships

 Scholarships do not have to be paid back
 Scholarships are awarded based on merit
 Scholarship engines:





www.collegeforalltexans.com
www.fastweb.com
www.collegeboard.com
www.gocollege.com
www.finaid.org
Grants

 Grants do not have to be paid back
 Awarded based on financial need
 As determined by the FAFSA
 Federal and state grants available
www.studentaid.ed.gov
Direct Stafford Loans

Subsidized Stafford Loan
 Available to student who
demonstrate financial need
as determined by the FAFSA
 3.4% interest rate
 The U.S. Department of
Education pays the interest
on subsidized loans:
 While you’re enrolled at least
half-time (6 credit hours)
 During a period of deferment
Unsubsidized Stafford
Loan
 Available to all students
regardless of financial need
 6.8% interest rate
 The U.S. Department of
Education never pays the
interest on unsubsidized
loans
How do I
complete the
financial aid
process?
Complete the
Financial Aid Process

 Complete the FAFSA at www.FAFSA.ed.gov
 2012-2013 FAFSA –
 Fall 2012/Spring 2013/Summer 2013
 Use 2011 Tax Return Transcript
 2013-2014 FAFSA –
 Fall 2013/Spring 2014/Summer 2014
 Use 2012 Tax Return Transcript
 Check TConnect for any missing documents
 Accept or decline Financial Aid on TConnect
 Select your refund preference at www.TCOneCard.com
How will I receive my
Financial Aid disbursement?

 Check your TC Webmail
 An email will be sent to you from Higher One once the
Financial Aid disbursement is available on your TC
One Card
What’s a
good
resource for
more
information?
Temple College
Financial Aid

Find out more at www.templejc.edu
Where can I find more
information about Financial Aid?

www.studentaid.ed.gov
Questions?

[email protected]