College Bound Senior Parent Night

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					  College Bound
Senior Parent Night
     WELCOME!

    October 13, 2011
College Application Process
   Apply as soon as you can!
   May apply to more than one college
   Check application deadlines
   Visit
   Keep track of costs
   Tuition/Room and Board
ACT
   Deadlines
       Test deadlines
       What is the last test your college will accept for
        scholarship purposes?
   Online application
   Fee waivers
   Mobile App
Scholarships
   Bulletins provided monthly and on website
   National, state, and local scholarships
   Fastweb
   Do not pay for a scholarship search
   Watch deadlines
   Bring in copies of any scholarships and
    college acceptance letters to our office
Financial Aid
   What is financial aid
   Cost of attendance (COA)
   Expected Family Contribution (EFC)
   What is financial need
   Categories, types, and sources of financial aid
   Free Application for Federal Student Aid
    (FAFSA)
   Special circumstances
What is Financial Aid?
Financial aid is funds provided to students
  and families to help pay for postsecondary
  educational expenses
What is Cost of Attendance (COA)
   Direct costs

   Indirect costs

   Direct and indirect costs combined into cost
    of attendance

   Varies widely from college to college
What is the Expected Family
Contribution (EFC)
   Amount family can reasonably be expected
    to contribute
   Stays the same regardless of college
   Two components
       Parent contribution
       Student contribution
   Calculated using data from a federal
    application form and a federal formula
What is Financial Need
 Cost of Attendance

–   Expected Family Contribution

=   Financial Need
Types of Financial Aid
   Scholarships

   Grants

   Loans

   Employment
Grants
   Money that does not have to be paid back

   Usually awarded on the basis of financial
    need
Loans
   Money students and parents borrow to help
    pay college expenses
   Repayment usually begins after education
    is finished
   Only borrow what is really needed
   Look at loans as an investment in the future
Federal Government
   Largest source of financial aid

   Aid awarded primarily on the basis of
    financial need

   Must apply every year using the Free
    Application for Federal Student Aid
    (FAFSA)
Common Federal Aid Programs
   Federal Pell Grant          Federal Perkins Loan

   Teacher Education           Federal Work-Study
    Assistance for College
    and Higher Education        Stafford Loans
    Grant
                                PLUS Loans
   Federal Supplemental
    Educational
    Opportunity Grant
State Aid
   Award aid on the basis of both merit and
    need
   Use information from the FAFSA
   Deadlines vary by state –

       MO DEADLINE: APRIL 1, 2012
Bright Flight
   ACT Composite of 31 or above
   $1,750 per year
ACCESS MO Grant
   $61 Million in state funds
   2 year school: $450/year
   4 year school or LSTC: $1,000
   Private/independent: $2,070
   MO Institution
   Attend full time
   EFC of $12,000 or less
   Automatic based on FAFSA information filed by
    April 1st
FAFSA
   Free Application for Federal Student Aid
   A standard form that collects demographic and
    financial information about the student and family
   Filled out electronically (Internet)
   Information used to calculate the Expected Family
    Contribution or EFC
       The amount of money a student and his or her family may
        reasonably be expected to contribute towards the cost of
        the student’s education for an academic year

   Colleges use EFC to award financial aid
FAFSA (cont.)
   May be filed at any time during an
    academic year, but no earlier than the
    January 1st prior to the academic year for
    which the student requests aid
   For the 2011–12 academic year, the
    FAFSA may be filed beginning January 1,
    2011
   Colleges may set FAFSA filing deadlines
FAFSA on the Web



•Website: www.fafsa.gov
•2011–12 FAFSA on the Web available on
January 1, 2011
•FAFSA on the Web Worksheet:
   •Used as “pre-application” worksheet
   •Questions follow order of FAFSA on the Web
Federal Student Aid Personal
Identification Number (FSA PIN)
   Website: www.pin.ed.gov
   Sign FAFSA
    electronically
   Not required, but speeds
    processing
   May be used by students
    and parents throughout
    aid process, including
    subsequent school years
IRS Data Retrieval Tool
   While completing FOTW, applicant may submit
    real-time request to IRS for tax data
   IRS will authenticate taxpayer’s identity
   If match found, IRS sends real-time results to
    applicant in new window
   Applicant chooses whether or not to transfer data
    to FOTW
   Participation is voluntary
7 Easy Steps to the FAFSA
   Student’s Guide to the Free Application for
    Federal Student Aid
   http://www.finaid.ucsb.edu/FAFSASimplific
    ation/index.html
FAFSA Processing Results
Central Processing System (CPS) notifies
 student of FAFSA processing results by:
      Paper Student Aid Report (SAR) if paper
    FAFSA was filed and student’s e-mail address
    was not provided
      SAR Acknowledgement if filed FAFSA on the
       Web and student’s e-mail address was not
       provided
FAFSA Processing Results

   CPS notifies student of FAFSA processing
    results by:
       E-mail notification containing a direct link to
        student’s electronic SAR if student’s e-mail was
        provided on paper or electronic FAFSA

   Student with PIN may view SAR on-line at
    www.fafsa.gov
A+ Information – Student Eligibility
   Enter into a written agreement with the A+ designated high school
    prior to high school graduation
   Have at least a 95% attendance record overall for grades 9-12
   Have maintained a record of good citizenship and avoidance of the
    unlawful use of drugs and/or alcohol
   Graduate with a cumulative grade point average of at least 2.5 on a
    4.0 scale, or the equivalent.
   Have performed 50 hours of unpaid tutoring or mentoring.
   Have attended an A+ designated high school for at least three
    consecutive years prior to high school graduation.
How do A+ and Pell Grant Work
Together?
   If a student is eligible for a Federal Pell Grant, the Pell
    Grant funds will be applied to the student’s account
    balance first; if any A+ eligible costs remain they will be
    billed to the A+ program.

   A student cannot receive A+ in addition to a Pell Grant if
    the Pell Grant pays for all tuition and fees.
A+
   Must enroll as a full time, degree or
    certificate seeking student
   Can use A+ money the summer prior to
    entering a four-year university
   Cannot use A+ money in the summers
    between semesters at a four-year
    university (visiting student)
What does A+ pay for?
DOES PAY FOR                       DOES NOT PAY FOR


   Student tuition (in-district      Lab fees and all other
                                       miscellaneous fees such as late
    or out-of-district)                fees or re-enrollment fees
   Common student fees               Online course fees - A+ will pay
                                       tuition & common fees related to
                                       online coursework, but will not
                                       cover the $65 online course fee
                                       charged per course
                                      Graduation fees
                                      Infrastructure and parking fees
                                      Drop fees
                                      Books and supplies
       Average A+ Scholarship Value for
        OTC: Out-of-District Student
Typical 65 hour Degree Program for Out-of-District

                Approximately $9,000
A+ will pay for a class only once.
   New! If a student took a class and a final grade was
    assigned, A+ will not cover the cost for the student to
    repeat the course for a second time.

   The hours related to this class can be included in the
    full-time enrollment criteria required by the A+ Program.
Stop Before You Drop
A+ will pay for the student’s current term once the full-time enrollment
  has been verified. Students must be enrolled in 12 credit hours or
  more through the end of the 100% refund period for the course(s) in
  which he or she is enrolled to meet the A+ Program full-time
  requirement.
 New! The student is responsible for the cost of any classes he or
  she drops. Assuming the student has met the full-time requirement,
  A+ will pay for the class(s) during the semester he or she initiates
  the drop.

   Any charges paid by A+ for a class you drop will be reduced from
    your next term’s A+ benefit.
           What happens if I withdraw from
                   all my classes?
                                     New!

   If it is your first semester: You will no longer be deemed eligible for A+
    because a withdrawal from all classes or failure to complete at least 3
    credit hours will result in a cumulative grade point average of 0.00%.

   If it is not your first semester: You must maintain a minimum cumulative
    2.50 GPA and meet satisfactory academic progress standards - maintain a
    cumulative completion ratio of 67%.

   The next semester you attend: You will have to pay back your A+ funding
    for the number of hours you withdrew . If the classes you withdrew from
    are not repeated during semester of A+ repayment, A+ will pay for you to
    take them again in future semesters .
How long can a student use A+?
   Up to 48 months after high school graduation
   Until the student graduates with an Associate of Arts
    degree (AA) or an Associate of Applied Science degree
    (AAS)
   When the student completes 105% of the credit hours
    required for his or her certificate or degree program.
How does a student maintain A+ Program
eligibility?
   Students receiving A+ funding are required to:
      Be enrolled full-time

      Maintain a minimum 2.50 cumulative grade point average in all
       college level courses (100 level or higher) taken after high
       school graduation
      New! Meet the minimum requirements of the established
       Satisfactory Academic Progress Policy
      New! Maintain a cumulative 67% completion ratio

             Completion Ratio = Number of Completed Hours (Cumulative)
                                       Number of Attempted Hours (Cumulative)
       Fall within the term limits for the A+ Program
Final Reminders
   Print off verification of FAFSA completion
   Boys: Apply for the Selective Service
Helpful Websites
   SallieMae
       http://www.collegeanswer.com/index.jsp
   FAFSA
       http://www.fafsa.ed.gov/
   MDHE (MO Dept. of Higher Education)
       http://www.dhe.mo.gov/

				
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