VIEWS: 0 PAGES: 25 POSTED ON: 7/15/2013
Financial Aid and Scholarship Seminar for Parents Christy Baker, Counselor Greg Smith, Counselor Overview of Seminar ü 3 types of financial aid ü FAFSA ü A+ Program ü Midwest Student Exchange Program The Financial Aid Pie 3 types of aid ü Gift Aid ü Typically Do Not Have to be Repaid ü Grants ü Scholarships ü Loans ü Work Study Gift Aid Grants -Accessed by completing the Free Application for Federal Student Aid (FAFSA) Federal Pell Grant: -Need Based -Award ranges from $0-$5500 per year -Must be enrolled at least ½ time and in a program that leads to a degree or certificate Gift Aid üGrants Federal Supplemental Educational Opportunity Grant (FSEOG): * Exceptional Financial Need *Receive Between $100-$4000 *Limited Funds Gift Aid üGrants ü TEACH Grant ü A+ Program ü State Grant ü http://studentaid.ed.gov/PORTALSWebApp/students/english/grants.jsp A+ Program üTwo years free tuition at a Missouri public community college or career- technical school (6 semesters – includes summers) üFunding is dependent on continued approval from the Missouri General Assembly A+ Eligibility üGPA at least 2.5 ü95% attendance over 4 years ü50 hours of tutoring/mentoring üGood citizenship üMust fill out FAFSA üBoys must register for Selective Service üClass of 2015 must score proficient or advanced on Algebra I EOC A+ Mentor/Tutor Hours üMust be supervised by a school official üImmaculate Conception Grade School does serve as a mentor/tutor sight üCan be done at summer school (limited basis) üRight Start Mentor hours count for A+ üStudents taking A+ as a class must turn in log sheets monthly and complete other assignments as required Maintaining A+ Eligibility After High School üMust be used within 4 years of high school graduation üMaintain a 2.5 GPA on a 4.0 scale while attending any post-secondary institution üComplete the FAFSA each year Gift Aid üScholarships ü National ü Fastweb-www.fastweb.com ü Federal Student Aid Website ü http://studentaid.ed.gov/PORTALSWebApp/students/english/scholarships .jsp?tab=funding ü St. Louis Graduates ü http://www.stlouisgraduates.org/students-families/scholarships ü “Local” ü Institutional Loans üSubsidized vs. Unsubsidized üStafford ü Subsidized or Unsubsidized ü Currently at 3.4% interest (for Subsidized Loans) ü Has loan origination fees ü 1st year---$5500 max (only $3500 may be subsidized) ü 6 month grace period Loans üPerkins ü Strictly need based ü Subsidized ü Limited funding-not every school participates ü 5% Interest ü No loan origination fees ü $5500 per year max ü 9 month grace period Loans and Work Study üPLUS Loan ü Loan for parents üPrivate Education Loans üWork-Study ü Part-Time ü Minimum Wage ü On-Campus Midwest Student Exchange Program (MSEP) ü Allows non-resident students to receive reduced tuition at MSEP participating campuses ü Over 140 colleges in 9 states participate ü Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Wisconsin Public Schools Private Schools 150% of In-State Tuition 10% Reduction in Tuition http://www.mhec.org/MidwestStudentExchangeProgram Free Application for Federal Student Aid (FAFSA) ü www.fafsa.ed.gov ü Available January 1st to June 30 ü Necessary for all need based aid ü Calculates your Estimated Family Contribution (EFC) ü Qualifies you for federal, state, private and institutional aid ü It is 100% Free!!!!!! FAFSA üWhat needs to be done? ü Now: ü Apply for a PIN ü www.pin.ed.gov ü Fill out the FAFSA on the Web worksheet (optional) ü January 1st ü Submit tax return early ü Gather needed documents ü SSN, DL, W-2, Tax returns, Bank Statements, etc. FAFSA üWhat needs to be done? ü Know the deadlines ü ECC priority deadline is March 1st ü Missouri’s deadline is typically April 1st ü Submit the FAFSA ASAP ü After Submitting ü Will get a Student Aid Report (SAR) ü Contact the Colleges Financial Aid Department Private or Public? üDon’t be scared away by sticker shock üClass size üOpportunities for research Resources üFinancial Aid ü FAFSA ü www.fafsa.ed.gov ü www.pin.ed.gov ü Scholarships ü www.fastweb.com ü https://studentaid2.ed.gov/getmoney/pay_for_college/types_scholarshi ps.html ü http://union.k12.mo.us/UHS/guidance.html ü http://www.stlouisgraduates.org/students-families/scholarships ü Loans ü http://www.finaid.org/loans/studentloan.phtml ü http://studentaid.ed.gov/PORTALSWebApp/students/english/parentloan s.jsp Resources üFinancial Aid ü East Central College ü http://www.eastcentral.edu/stuserv/finaid/ApplyingForFA.html ü http://www.eastcentral.edu/stuserv/finaid/FullFAandSGuide09.pdf ü Other ü http://studentaid.ed.gov/PORTALSWebApp/students/english/PellGrants .jsp?tab=funding ü http://studentaid.ed.gov/PORTALSWebApp/students/english/index.jsp ü MSEP Program ü http://www.mhec.org/MidwestStudentExchangeProgram Resources üCollege/Career Exploration ü http://www.bls.gov/oco/ ü https://studentaid2.ed.gov/xap_pack/Default.asp ü http://www.college.gov/wps/portal ü http://www.petersons.com/ ü http://www.missouriconnections.org/ ü http://www.khake.com/page51.html Resources üACT Preparation ü www.actstudent.org ü http://www.testprepreview.com/ ü Study Guides located in the guidance department ü ACT Workshops-Check in the guidance office Questions?
Pages to are hidden for
"Financial Aid and Scholarship"Please download to view full document