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Financial Aid and Scholarships
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Transcript of Financial Aid and Scholarships
Mitchell CooperPatricia SiguenzaHumberto Mora
Jose PuertaLaurie Lee
What is it?
-From NYSFAAA, "any grant or scholarship, loan, or paid employment offered to help a student meet his/her college expenses“
- Provided by various sources
- Amount student receives
- Grants vs. loans
- Employment - how many hours
Finaid.org - list of grants, scholarships
CollegeScholarships.org
FAFSA - primary source
Buzzle Financial Aid - list, including requirements
Two Types:
Merit-based- financial aid based on academics
Need-based- financial aid based on income
Three Kinds: - Grants and Scholarships- Loans- Work Programs
Four Sources: - Private - local- Institutional - financial aid office- State - state grant agency- Federal - Dept. of Education
• 26% of young adults who are not enrolled in college would have attended college if they had better information about how they can pay college
• 48% of parents wished they knew more
• 50% of Hispanic-Americans had "no idea" compared to 23%
of white parents and 26% of African-American parents • another source other than your money or family contribution.
GATHER UP DOCUMENTS1. social security2. driver's license (if any)3. W-2 forms or other records of money earned4. Federal Income Tax Return5. Untaxed income records
6. current bank statements7. investment records8. alien registration or permanent resident card (if not a U.S citizen).
You can apply while completing FAFSA on the Web or go to the Federal Student Aid PIN website at www.pin.ed.gov You can create a PIN and use it to sign for FAFSA electronically on the web. Benefits for getting a pin: • sign forms online• faster and reliable
Note: you can only sign your FAFSA with it.
Financial Aid & Scholarship Department • Bayramian Hall
-Windows 1,2,&3 -Room 130 BUSINESS HOURS: Mon. and Thur. 8:30am-5pm Tues. and Wed. 10 am- 7pm Friday 8:30 am- 4pm WEBSITE: www.csun.edu/finaid • Oviatt Library
-2nd floor
What is a Grant?
Grants are funds by one party (Grant Makers), often a Government Department, Corporation, Foundation or Trust, to a, often (but not always) a nonprofit entity, educational institution, business or an individual. Then there are state grants created for college students only they are Cal Grants.
Cal Grant awards are state funded monetary grants given to students to help pay for college expenses. The awards do not have to be paid back.
http://www.csac.ca.gov
There are two types of Cal Grants you can apply too.
The Cal Grant A:Cal Grant A helps out with tuition and expenses at public and private colleges, it may also help you in occupational and career colleges.
At the University of California and the California State University, the award covers up to full system-wide fees. Although you must register for classes for a max of two academic years.
Cal Grant A can cover the transfer from a California Community College to a four-year college.
Cal Grant B
Cal Grant B provides help for tuition and fee Cal grant is set aside for low-income students. Awards for most first-year students are limited to an allowance for books and living expenses.
The awards for tuition and fees are the same as those for Cal Grant A. For Cal Grant B, your classes must be for a minimum of one academic year.
Requirements for Cal Grants
• California residents• U.S. citizens or eligible non-citizens• U.S. Selective Service requirements• Attend any eligible University of California
or California State University and any Community College
• Enrolled at least half-time • Maintain at least minimum gpa according to
the school of attendance• Have family income and assets below the
established ceilings • Not be in default on any student loan
• You can apply to Cal grants by applying for financial aid.
• Your application for fafsa is used in order to determine whether you are eligible for the Cal Grants if you are eligible for Cal grants then you will receive the grant at the same time as your financial aid.
• This means the deadline is the same March 2.
There are many grants out there provided by companies and individuals who want to help out college student with there tuition and fees all you have to do is look for them.Student.gov is one of many websites that provides links to multiple independent grants you can apply but each one has its own certain requirements.
An Overview
1.Free Money 2.Rich People And Companies Want to
Give Money to Those Who Are Well Qualified
3. Unlike Loans, You Don't Have To Pay Them Back!
1.Academics Are Important!2.Hobbies/Talents Are Helpful!3.Know Your Family History4. Looking For Local Business Help
http://www.youtube.com/watch?v=8lgGnS-9FBY
What are they?
A sum of money or other aid granted to a student, because of merit, need, etc., to pursue his or her studies.
Definition -
Importance of Scholarships
• If you can’t pay your tuition, you won’t be able to go to your intended college.
• Its another way of getting better financial aid package to cover your tuition and book costs.
• That’s why it’s important to look at all of your financial aid options, including reading up on scholarship information to find out what you need to do before applying for awards.
• You can get scholarships at almost any time, even when you are already in college.
• You should apply early and apply often, as awards are being added to scholarship databases constantly, and many have deadlines that could be fast approaching.The more scholarship information you have, the more prepared you’ll be to start the process and land your share of the free money out there to supplement your financial aid package for college.
When To Apply
http://www.collegeboard.com/parents/pay/scholarships-aid/21402.html
Your child should create a separate file for each scholarship and file by application date. Keep a calendar of application deadlines and follow-up appointments. Your child may also need to prepare for a personal interview. For students competing for talent-based scholarships, an audition, performance, or portfolio may be required.
What you will need when applying?
Your child should create a separate file for each scholarship and file by application date. Keep a calendar of application deadlines and follow-up appointments.Many scholarships require your child to provide some combination of the following: Transcript Standardized test scores Financial aid forms, such as the FAFSA or CSS/Financial Aid
PROFILE® Parents' financial information, including tax returns One or more essays One or more letters of recommendation Proof of eligibility (e.g., membership credentials)
http://www.nysfaaa.org/docs/student_family/what_is_finaid.html http://recruiter.princetonreview.com/need-based-merit-based.aspxhttp://www.nasfaa.org/subhomes/doitaffordit/affordit2.html http://www.scholarships.com/http://www.fastweb.com/https://www.salliemae.com/http://www.collegeboard.comhttp://www.csac.ca.govhttp://www.fafsa.govhttp://www.student.gov
And You Are On Your Way To...
(wooooo and such)