Financial Aid 101 - The Culinary Institute of America · from a wide variety of sources, including...
Transcript of Financial Aid 101 - The Culinary Institute of America · from a wide variety of sources, including...
THE BASICS FOR SECURING YOUR CIA AID PACKAGEFINANCIAL AID 101
START WITH THE FAFSA!
File your Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov. The CIA’s Federal School Code is 007304.
The FAFSA collects important demographic and financial information about you and your family.
It’s used to calculate your expected family contribution (EFC) for the academic year, which helps determine financial aid awards.
The CIA may ask for additional documentation, such as copies of IRS federal tax transcripts.
WHAT IS FINANCIAL AID, EXACTLY?Financial aid is any grant or scholarship, loan, or paid employment offered to help a student meet college expenses. You can find aid from a wide variety of sources, including federal and state government/agencies, The Culinary Institute of America, high schools, corporations, foundations, civic organizations, and employers. We’re here for you every step of the way.
STEPS TO FINANCIAL AID
1 Submit your
CIA application for admission
and supporting materials.
2 Complete
your FAFSA on the web.
5 View your estimated balance letter.
6 Submit
the $300 advance deposit.
7 Research and apply
for external scholarship
opportunities.
8 View
your final first-semester
statement and pay balance
30 days prior to your
start date.
3 Apply for federal
and state government
aid.
4 View your
personalized award package
on CIA Main Menu, the
student portal.
Gift AidGrants and scholarships that you do not have to pay back.
• The CIA offers grants and scholarships based on both merit and need.
• Federal and state governments supply grants, mostly need-based.
• Scholarships can also come from outside organizations—check your high school, local library, business or civic groups, or even your parents’ employer(s).
Once you’re accepted to the CIA, take advantage of CIA $hef, our free scholarship search database: ciachef.academicworks.com
Other resources: • www.finaid.org
• www.fastweb.com
• bigfuture.collegeboard.org/scholarship-search
WHAT TYPES OF AID ARE AVAILABLE?There are three kinds:
LoansFunds from the federal government or private lenders that you will need to pay back over time, usually with interest and fees.
Federal Student Loans:• Complete the FAFSA, master
promissory note, and entrance interview; no credit check required.
• Fixed interest rate and various repayment options.
Private Student Loans:• Eligibility is determined based
on credit history and score.
• Shop around to get the best interest rate and repayment plan for your needs.
Parent Loans:• May be available from the federal
government if the student’s FAFSA indicates he or she is a dependent; credit check is required.
• Some private lenders also offer parent loans.
Work-StudyPrograms that require you to work part-time and earn a paycheck.
• CIA students can work on campus for up to 20 hours a week.
• Campus jobs have included tour guide, catering assistant, lifeguard, office assistant, and many more.
1 2 3
FIND OUT MORE ON FINANCIAL AID TV!
Need tips on filing the FAFSA? Info on what special benefits you may be eligible for? Answers to the most commonly
asked questions? These short, easy-to-follow videos will help: ciachef.financialaidtv.com
WE’RE HERE FOR YOUThe CIA Student Financial & Registration Services staff
is ready to help you invest in your future: 845-451-1500
Or, call our Admissions counselors for guidance through the CIA application process:
1-800-CULINARY
92%of CIA students
FINANCIAL AID
receive