FINANCIAL AID PRESENTATION WVDE FALL REGIONAL WORKSHOPS

FINANCIAL AID PRESENTATION WVDE FALL REGIONAL

WORKSHOPS

David R. Tyson, Chair Brian Noland, Chancellor

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•Scholarships

•Grants

•Loans

•Employment

What is Student Financial Assistance?

West Virginia Higher Education Policy Commission

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•Institutional

•Private

•State

•Federal

Primary Sources of Student Financial Assistance


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•Merit-Based Aid

•Need-Based Aid

–Types of Need-Based Aid

–Gift Aid

–Self-Help Aid

Two Primary Categories of Aid


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• Family and financial information required to perform need analysis is collected on the FAFSA

• Paper version will be available to students by calling 800-4-FED-AID

• PDF version of the FAFSA can be downloaded at www.FederalStudentAid.ed.gov

• Electronic version of the FAFSA

• FAFSA on the web, www.fafsa.ed.gov

• Student and parent should apply for a Personal Identification Number (PIN) at www.pin.ed.gov for use as an electronic signature for FAFSA on the web

Free Application for Federal Student Aid (FAFSA)


http://www.federalstudentaid.ed.gov/

http://www.fafsa.ed.gov/

http://www.pin.ed.gov/

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• PROMISE Scholarship

• WV Higher Education Grant Program

• Engineering, Science and Technology Scholarship

• Underwood-Smith Teacher Scholarship

• Robert C. Byrd Honors Scholarship

• Higher Education Adult Part-Time Student (HEAPS) Grant

State Financial Assistance


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• Merit-based scholarship

• Pays tuition and mandatory fees at public institutions and an equivalent amount at private schools

• FAFSA required for all first-year applicants, March 1 federal processor receipt deadline

• State-Level Application required by March 1 for all first-year applicants – www.wvapply.com

PROMISE Scholarship


http://www.wvapply.com/

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2009 High School Graduates Academic Eligibility Standards

• 3.0 overall and core high school grade point average

• 22 ACT composite with a minimum score of 20 in each of the four test subsets

• 1020 SAT combined score with a minimum score of 490 in critical reading and 480 in math


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PROMISE Core Courses


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PROMISE Core Courses


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• Need-based grant

• FAFSA required for all applicants, March 1 priority application date

• State-Level Application required by March 1 for all first-year applicants – www.wvapply.com

WV Higher Education Grant


http://www.wvapply.com/

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Higher Education Grant Award Levels 2008-09 Academic Year

2008-09 Expected Family Contribution

Maximum Higher Education Grant Award

$0 – $4,041 $3,000

$4,042 - $4,500 $2,800

$4,501 - $5,000 $2,300

$5,001 - $5,500 $1,800

All Other Eligible Students $1,300


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• Merit-based scholarship/forgivable loan

• March 1 application deadline

• 3.0 overall GPA

• Enrolled or accepted for enrollment full-time in an engineering, science or technology program (4-yr, 2-yr or certificate)

• Maximum annual award amount is $3,000

Engineering, Science and Technology Scholarship


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• Merit-based scholarship/forgivable loan

• March 1 application deadline

• Must be enrolled as a full-time student in a course leading to certification as a teacher at the pre-K, elementary, middle or secondary level

• Must have a 3.25 GPA after completing 2 years of course work (due to limited funding, high school applicants are not eligible)


Underwood-Smith Teacher Scholarship


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• Merit-based scholarship

• Must be nominated by high school counselor or principal, limited applications accepted per high school

• 2008-2009 average GPA for new recipients was 3.98 and the average ACT was a 33 composite


Robert C. Byrd Honors Scholarship


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• Need-based grant

• Decentralized administration

• Part-time enrollment only

• FAFSA required, but application deadlines will vary among institutions

• Maximum award cannot exceed part-time tuition and fee charges

Higher Education Adult Part-Time Student (HEAPS) Grant


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• Higher Education Policy Commission Admission and Financial Aid Workshops

• Printed and electronic information

• Higher Education Policy Commission Financial Aid Data Exchange (FADE) Website

School Counselor Resources


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Expanded Outreach


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• A web portal designed to assist students and families address:

• Affordability

•Link students with federal, state and local financial aid resources

• Availability

•Link students with matching assistance to help them more easily discern which campuses best meet their needs and interests

College Foundation of West Virginia


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• Preparation

•Provide a planning and tracking tool that will allow students to develop a college going timeline and monitoring progress

•Providing a test preparation module which will allow students to prepare for college entrance examinations

• Aspirations

•Reaching out through an access campaign to families so they better understand the post-secondary resources available to them



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• Application Processes

•Streamlining the admission and financial aid application procedures



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Contact Information

Jack Toney

Director, State Financial Aid Programs

WV Higher Education Policy Commission

1018 Kanawha Boulevard, East

Charleston, West Virginia 25301

[email protected]

304-558-4417 or 877-987-7664


mailto:[email protected]

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ATTACHMENTS


NASFAA FORMS

• Financial Aid Application Checklist (2 pages)

• Application Form Tracking Worksheet

• Financial Aid Consultants and Scholarship Search Services Fact Sheet (3 pages)

• Sample Scholarship Inquiry Letter

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ATTACHMENTS


NASFAA Student Aid Program Summary

(Dollar amounts in handout are from the 2008-2009 school year. Updated information will be available in early December 2008.)

FINANCIAL AID PRESENTATION WVDE FALL REGIONAL WORKSHOPS

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