2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent...
Transcript of 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent...
![Page 1: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/1.jpg)
PNHS Financial Aid Seminar
Seniors!2017-2018
![Page 2: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/2.jpg)
PNHS Financial Aid Night
● An informational parent night was held here on Monday, Oct. 9.– More detailed info about family demographics and
financial assets● Check the PNHS website for copies of the
presentation.
![Page 3: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/3.jpg)
Agenda:
1. Types of Financial Aid2. The FAFSA Application Process3. After the FAFSA4. Resources and Help5. Senior Reminders
![Page 4: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/4.jpg)
Types of Financial Aid
● Gift Aid (free money)– Scholarships– Grants
● Self-Help Aid– Employment / Work Study– Student Loans
![Page 5: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/5.jpg)
Types of Financial Aid: GIFT AID
● Scholarships: some local & school ones highlighted here– Awarded on the basis of merit, skill, or unique characteristics by:
● Community Organizations● Private Donors● College / Departments● Employers
● Grants: money students do not have to pay back– usually awarded on basis of financial need
● Institutional Grants (from the colleges)● Federal Grants (Pell, SEOG <private schools only>)● State Grants
![Page 6: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/6.jpg)
Types of Financial Aid: SELF-HELP
● Employment– Funds to cover ongoing college related expenses
● Federal Work-Study: aid in the form of a paycheck or non-monetary compensation (room and board)
● Off-Campus employment● Loans: more details to follow. Do careful research.
– Money students & parents can borrow to help pay for college expenses.● Repayment usually starts after education is finished● Only borrow what is needed● View as an investment
![Page 7: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/7.jpg)
Local Scholarships● KALAMAZOO COMMUNITY FOUNDATION!
– Need-based scholarship program www.kalfound.org
Very detailed and helpful info on their website.
● Mid-January, their online application will be available. Most due March 1, 2018.
![Page 8: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/8.jpg)
Local Scholarships● KALAMAZOO COMMUNITY FOUNDATION!
– Remynse Scholarship. ● Deadline: December 1, 2017● All applications are online and need to be submitted
online by Dec. 1, 2017 . ● Letters of recommendation must be submitted, by
student, to the Kal Found office by Dec. 1. Forms available online.
● Request your transcript via Parchment to Kalamazoo Community Foundation. We will only use Parchment… not US mailed copies.
● www.kalfound.org/remynse
![Page 9: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/9.jpg)
PNHS Scholarship● Robert P. Amrhein Memorial Scholarship.
– Portage Education Foundation scholarship for PN students only!
● Senior students may be nominated or may pick up applications in the counseling office to nominate themselves.
– $4,000 non-renewable; character based scholarship.– Available before Winter Break. Listen to announcements.– Application deadline: 2nd Monday in February 2018.– Recipient will be announced at senior academic awards
ceremony in May.
![Page 10: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/10.jpg)
Resources for Scholarships
● For other national scholarships, check:
● www.fastweb.com● www.finaid.org● www.careercruising.com
– NEVER GIVE YOUR SOCIAL SECURITY NUMBER WHEN SEARCHING FOR SCHOLARSHIPS ONLINE!
![Page 11: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/11.jpg)
Student Loans: at a glance
Of Who Name of Federal Loan Max Amt Interest Rate Who pays
per year interest while in
school?Direct Subsidized $3,500 3.78% Government
*Gov pays interest while you’re in school. Need based.Direct Unsubsidized $5,500 3.76% Student
*You pay interest on loans while in school and after school. *Not financial need based.
Parent PLUS Loan varies 6.31% Parent
*Most loans have a 6 month grace period after graduation or cessation of enrollment.
![Page 12: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/12.jpg)
Michigan Financial Aid Programs
● Michigan Competitive Scholarship– State determines a cut-off GPA and SAT score– State will notify you if you qualify– If you didn’t enter your SSN# on SAT last year, you will be
notified and you’ll have to submit your SSN# to the State to receive this scholarship. A letter will follow in Jan-March.
● Michigan Tuition Grant (private schools only)● Tuition Incentive Program (TIP)
– If you were/are TIP eligible, we will contact you in January and walk you through the process.
![Page 13: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/13.jpg)
What’s a FAFSA ??
● Free Application for Federal Student Aid– Federal online form that collects demographic
and financial info about student and family– Calculates Expected Family Contribution (EFC)
● Colleges use EFC to award financial aid to students● Most colleges set their own FAFSA
deadlines.● 2018-2019 academic year FAFSA open
October 1, 2017.
![Page 14: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/14.jpg)
FAFSA online: www.fafsa.ed.gov
● Skip logic-- only answer the questions that apply to you
● Can save and return to application● You will need to complete the FAFSA every
year.● NEVER pay to complete a FAFSA
– Always use a .gov or .ed.gov website– Never a .com site
![Page 15: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/15.jpg)
Necessary Info for the FAFSA
● Social Security #s (parent & student)● Dates (birth, death, marriage or divorce)● 2016 Tax Info● Current bank account balances● Amount of untaxed income● Value of assets
![Page 16: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/16.jpg)
FAFSA in 7 steps:
1. Student Demographics2. School Section (select up to 10 colleges)3. Dependency Status4. Parent Demographics
a. Which parent’s income should you report?5. Financial Income (parent and student)6. Sign and Submit7. Confirmation (print this page)
![Page 17: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/17.jpg)
Get Started Now: FSA ID #
● Create a FSA ID #– https://fsaid.ed.gov– Create a save key– Allows student to save application and return /
complete later● Required to submit electronically
![Page 18: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/18.jpg)
School Section: FAFSA
● List any college that you might attend (whether you’ve been accepted or not)
● May add up to 10 colleges online● Each college has a 6-digit school code
(typically found on their website)● Application will ask about housing plans
![Page 19: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/19.jpg)
SAR: Student Aid Report
● Student Aid Report (SAR) summarizes the data provided on the FAFSA– Displays EFC (expected family contribution)
● Email on file with FAFSA: you’ll get an email notification 3-14 days afterwards with direct link to SAR outline.
● Students may view SAR online by logging in with FSA ID.
● Read SAR letter carefully– Instructions for accepting/receiving aid
![Page 20: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/20.jpg)
Sample Student Aid Report (SAR)
Note that there are awards, scholarships, grants, and loans listed here! There are big differences between these.
Ye-owsa!! Can you say sticker shock?!!
That sounds so much better!
![Page 21: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/21.jpg)
Financial Aid: Determining Need
● Cost of Attendance– Tuition and fees– Room and board– Books, personal and travel expenses
● Expected Family Contribution
= Financial Need (per school)
![Page 22: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/22.jpg)
FAFSA
● DEADLINES are extremely important for the FAFSA process:– Deadline to submit FAFSA is March 1, 2018.
● “Beat, not meet”, March 1 deadline in case of errors.● March 1 is “state” deadline for Michigan funds.
![Page 23: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/23.jpg)
FAFSA Questions?
● For questions after FAFSA is filed, call the prospective college / university.
● Do not call Federal Gov.● Do not call PNHS.
![Page 24: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/24.jpg)
FAFSA EVENT
● WEDNESDAY, NOV. 8, 2017.● 5-7 PM during conferences.● Meet with FAFSA experts/volunteers to get
help with the FAFSA online form.● Sign up in the Counseling Office for a free 30
minute appointment. ● Important info will be given when you make
an appt. (Required documents for FAFSA).
![Page 25: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/25.jpg)
Timeline
▪ March-April: you should receive your SAR (student aid report) from the colleges you indicated on your FAFSA.
▪ April 1: should receive acceptance letter (email) or rejection letter from all colleges to where you have applied.
▪ May 1: almost all colleges / schools require future students to make a commitment and a housing deposit.
![Page 26: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/26.jpg)
May 1: Decision Day
● Wear your sweatshirt/swag to represent your college / university / military branch or other post-high school plan.
● Be proud of your accomplishments thus far and celebrate your next steps.
![Page 27: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/27.jpg)
Important Reminders for Seniors
▪ Counseling Office College Administrative / Processing Fee: $5.
▪ Pay one-time fee of $5 cash to Mrs. Clark in Counseling Office to cover costs of mailings, printouts, Parchment and other college app services.
▪ Students on F/R lunch? See your counselor.
![Page 28: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/28.jpg)
Get help with online college apps
● October 19 and October 26● 1st and 2nd hours and 6th and 7th hours● Get 1:1 help with all things college app related
online (applications, Parchment, College Board, Common App,etc…)
● Sign up in the Counseling Office one day prior. We’ll send you a pass.– It’s your responsibility to notify your teacher and
get any work that you will miss at that time.● Bring questions and/or account passwords (if you’ve
already created them).
![Page 29: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/29.jpg)
Important Reminders for Seniors
▪ Athletes who hope to play at a D 1 or D 2 school will need to register online with the NCAA Clearinghouse at www.ncaaclearinghouse.net.
▪ Students will need to fill out an “Initial-Eligibility” Form and pay approx $75 to the Clearinghouse. It is your responsibility to register with them.
▪ Then, log on to Parchment.com and request that your transcript be sent to NCAA.
![Page 30: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/30.jpg)
Important Deadlines for Seniors
▪ Most college applications are due January 1, 2018.
▪ If you need anything from your counselor for your application, be sure to submit prior to Dec. 15, 2017.
● Be sure you have a BRAG SHEET on file with your counselor if you need a letter of recommendation.
●
![Page 31: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/31.jpg)
Mid-Year Report: 7th Semester Grades
● SOME colleges (all Common App schools) will request to see your grades after the first semester… the “mid-year” report or “7th semester grades”.
● Only if a college requests this info, is it necessary to send your transcript.
● You must request your transcript through Parchment to be sent to the Common App and all other schools.– Make sure you “hold for grades” if you are
requesting prior to the end of 1st semester.● You will also request “final grades/transcript” in May.
![Page 32: 2017-2018 PNHS Financial Aid Seminar Seniors!...PNHS Financial Aid Night An informational parent night was held here on Monday, Oct. 9. – More detailed info about family demographics](https://reader033.fdocuments.in/reader033/viewer/2022060402/5f0e63c97e708231d43f034a/html5/thumbnails/32.jpg)
Seniors:
● See your individual counselor if you have more detailed questions/concerns.
● A-D: Smith● E-K: Hovestadt● L-Ri: DiMaggio● Rj-Z: Figueroa