Scholarships.ppt

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					        Free Funding for
         Your Education
  Introduction to federal, state,
      private, and local funding




              Brought to you by
NANA Development Corporation
     Shareholder Development
Topics for Today
• Types of Funding for Education/Training
  after High School
    Scholarships
    Grants
    Loans
• How to prepare to be successful in finding
  funding/opportunities
 What is financial aid?
Funding to pay for education;
 usually multiple streams of
funding grouped together to
make out-of-pocket costs, as
low as possible for a student.
First Step in Financial Aid Process
Free Application for
Federal Student Aid
(FAFSA)
• First step in the financial aid process
• Determines your eligibility for:
    Federal aid
    State aid
    Most campus-based aid
    Grants
    Scholarships
Where to complete the
FAFSA
• Apply online at www.fafsa.ed.gov
• Submit paper application
   Download from website above, or call the
    Federal Student Aid Info Center at 1-800-433-
    3243
FAFSA Tips
•   Apply for a Personal Identification Number (PIN)
    now! Speed up the process by signing your FAFSA
    electronically with your PIN. Your parent can sign
    electronically too. You must have a PIN to fill out and
    sign the FAFSA. It takes roughly 2 weeks to receive it by
    mail.
•   Apply online! The paper application takes 6 – 10 weeks
    to process. The web application takes roughly 2 – 4
    weeks.
•   Print the FAFSA Worksheets. Write in your answers
    and gather your parents' information then transfer the
    data to FAFSA on the Web.
•   Gather the documents you need. Start with your Social
    Security Number, driver’s license, income tax returns,
    bank statements, and investment records.
FAFSA Tips
• Note important deadlines. To meet the
  Federal Student Aid deadline:
    Apply as early as possible beginning January
     1st of each year.
    Schools and states have their own deadlines.
     Contact them for exact deadline dates.
• Check your eligibility for federal student aid.
  You and the school(s) you apply to will receive
  a Student Aid Report (SAR).
    Once you receive your SAR, contact your
     school’s financial aid office.
FAFSA Tips
Must be completed
each year because
it requires a copy of
the previous years’
tax return.
Scholarships
Scholarships

Scholarships provide money for education and
training. You don’t have to pay them back.
Amounts range from a few hundred dollars to “full-
ride” scholarships that pay all college expenses.
Most scholarships cover only part of the
expenses, often only a small part.


Award is based on a wide range of qualifications.
Common Scholarship
Documents
•   Application
•   Statement of Purpose
•   Recommendation Letters
•   Acceptance Letter (From School)
•   Proof of Class Registration
•   Official Transcripts
•   Self Identification
Statement of Purpose

 A statement of purpose is a statement about
 yourself. It often includes: personal history,
 achievements, short and long term goals and
 how you plan to achieve them.
Statement of Purpose
• Often times, the scholarship application will tell
  you what to include. Be sure to follow
  instructions!
• Don’t be afraid to “brag” about yourself.
• Research the organization you are requesting a
  scholarship from.
Statement of Purpose:
Topic Ideas
•   Family background
•   Long term & short term goals and how this relates to the
    Inupiaq Values (Mandatory for Aqqaluk Trust)
•   Commitment to service/ volunteer (optional)
•   School & Community Activities
•   Awards/Recognition
•   Work Experience
•   Key accomplishments
•   Who you admire the most (a role model)
•   Who has inspired you
•   Life Changing Event
•   Patriotism
Recommendation
Letters
• Recommendation letters should come from someone you
  know. They should have knowledge about you:
  achievements, volunteer service, sports, academic, jobs,
  etc.
• Request the letters well in advance!
• Provide a statement to the person you’re requesting a
  letter from. Include your goals, type of training you are
  seeking and past achievements. (could be a copy of your
  statement of purpose)
• Include 3 letters
    2 from school
    1 from community
• Make sure the author of the recommendation letter
  includes their name, position and contact information
Scholarship Documents
• Acceptance Letter (From School)
    An acceptance letter comes from the school you were
     accepted at.
• Proof of Class Registration
    Once you are accepted, you need to register for your
     classes. Many scholarships require you provide proof
     that you are registered for classes.
    Registration also shows your status (full-time/part-
     time) which determines funding.
• Official Transcripts
    Official transcripts are sealed and commonly mailed
      by the institution.
• Self Identification
    The types of identification required are varied by
     scholarship. Be sure to submit exactly what they
     request.
Scholarship Application
Tips
•   Watch deadlines carefully. A late application is
    usually denied.
•   Include a cover sheet that has your personal
    contact information, the school you’ll be
    attending, and your expected graduation date
•   Type your application, especially if you do not
    have neat handwriting!
•   Follow all instructions.
•   Complete your application in its entirety.
•   Submit all required documents.
Scholarship Tips
• Request your official transcripts as early as
  possible.
• Have another person review your application.
• Write your name on each page.
• Keep copies of you application for your records.
• Keep a copy of the submittal receipt.
• Call to confirm your application and all required
  documents were received.
Thank You Notes
• It is important to thank those that have helped
  you in your scholarship journey!
• Also remember if they cared enough to help
  you in your scholarship/education journey, they
  want to hear from you after you start school too!
NANA Region Scholarships

 Robert Aqqaluk Newlin, Sr. Memorial Trust
 Maniilaq Higher Education (Ambler, Shungnak,
  Kobuk, Kivalina, Deering)
 IRA – Bureau of Indian Affairs Scholarship
  (Kotzebue, Kiana, Noatak, Noorvik, Selawik)
 Maniilaq (James “Qignak” Wells Endowment
  Scholarship)
 OTZ Telephone, Inc.
 Kotzebue Lion’s Club
 Kotzebue Electric Association
NANA Region Scholarships

 Teck Alaska
 Kikiktagruk Inupiat Corporation
 Frank R. Ferguson (NWAB)
 Northwest Arctic Borough School District –
  June Nelson Scholarship
 Association of Alaska School Boards – June
  Nelson Memorial Scholarship
 GEAR UP Scholarship (up to $7,000)
Websites

• www.nana.com
• www.akcis.org
• www.fastweb.com
• www.collegeboard.com/paying
• www.gocollege.com
• www.scholarships.com
Grants
Grants
• Grants are usually awarded
  based on financial need only
• Federal, State and Campus-
  Based grants are determined
  by FAFSA
Grants
• To qualify for grants you must complete your
  FAFSA.
• Deadlines for grants vary, but are typically in
  February and March and awarded by July.
  Check with your Financial Aid Office for exact
  dates.
• Your Financial Aid Office can work with you to
  apply for grants you are eligible for.
• Apply early! The earlier, the better!
• Late applications are denied.
Types of Federal Grants
• Federal PELL Grant
• Academic Competitiveness Grant (ACG)
• National Science and Mathematics Access to
  Retain Talent Grant (National SMART Grant)
• Campus Based-Program (Federal
  Supplemental Education Opportunity Grant,
  Federal Work-Study, and the Federal Perkins
  Loan)
Free or Reduced Tuition Programs
Free or Reduced Tuition
 Some colleges and universities offer special
 programs to select students which provide free
 or reduced tuition.
Free or Reduced Tuition
• Fort Lewis College (Native American Tuition
  Waiver)
• Harvard University (Financial Aid Initiative)
• Haskell Indian Nations University
• Princeton Undergraduate Admission
• Stanford Undergraduate Admission
• Yale University Office of Undergraduate
  Admission & Yale Financial Aid
Other Programs
WUE
• Western Undergraduate Exchange (W.U.E.)
    WUE is a program of the Western Interstate
     Commission for Higher Education (WICHE).
     Students who are residents of WICHE states
     may enroll at participating two and four-year
     college programs outside of their home state
     at a reduced tuition rate.
• WICHE states: Alaska, Arizona, California,
  Colorado, Hawaii, Idaho, Montana, Nevada,
  New Mexico, North Dakota, Oregon, South
  Dakota, Utah, Washington, Wyoming.
Employers

 Some employers offer tuition reimbursement
 programs to their employees as a benefit. Such
 programs often require a minimum of one
 year’s employment. They may also have
 requirements regarding the type of training you
 can receive and have a limited amount of
 funding available.
Internships

 Internships are a way to pay for your education
 while you work and also gain first-hand
 experience in your career field. Some
 internships also provide a scholarship.
Loans
Loans
Loans require repayment with interest! Loans
should be your last resort.
Loans: ACPE
• Alaska Commission on Postsecondary Education (ACPE)
  has many loan programs for Alaskans. They offer
  Federal student loans and State Alternative loans.
• You can borrow from ACPE regardless of income level.
• You may take the loans out of state as long as the
  borrower retains Alaska residency.
   Tip: Be careful – these things affect residency
        Registering to vote in another state
        Getting a driver’s license in another state
• To apply for ACPE loans, go to:
  http://alaskadvantage.state.ak.us/
Loans through ACPE
• Federal & State loans
• Alaska Advantage Stafford Loan
• AlaskaAdvantage PLUS loan for parents
  AlaskaAdvantage Education Grant
• AlaskaAdvantage PLUS for graduate students
• Alaska Supplemental Education Loan
• Family Education Loan
• Career Specific Loans
    Teaching
    Fisheries
    Law Enforcement
Tips
• Always look for gift aid before taking loans
• Shop around if you have to take a loan
• Look for:
    Low interest rates
    Low origination fees
    Borrower benefits
AlaskaAdvantage Contacts

The AlaskaAdvantage Success Center
800 E. Dimond Blvd. Ste, 200 (Dimond Mall)
Anchorage, Alaska 99515
(907) 269-7980 Outreach
(800) 441-2962
http://alaskadvantage.state.ak.us/


Hours of Operation for Success Center:
M-F 10am – 6 pm
Preparing for Success
Preparing for Success
• Be active in your community & school.
• Always do your best in school.
• Keep track of all your achievements!
   • Career Portfolio!!
• Look into programs now so you’re prepared
  when you leave high school.
• Connect yourself with people who can help you.
Shareholder Development Contacts

Kristina Patrick                      NANA Kotzebue Office
Shareholder Development Manager       Angie Washington
1-800-478-2000                        1-800-478-3301
(907) 265-4162                        (907) 442-3301
Kristina.patrick@nana.com             angela.washington@nana.com

Annette Zella
Shareholder Development Coordinator
1-800-478-2000
(907) 265-4362
Annette.zella@nana.com

Tasha Ryder
Shareholder Development Coordinator
1-800-478-2000
(907) 265-4361
Tasha.ryder@nana.com
shareholderdevelopment@nana.com
NANA Website www.nana.com
AARIGAA! TAIKUU!

				
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