Loans Scholarships Grants Student Employment Jump to: START.
10
Know Before You Go Karemah Campbell Manselle Assistant Director Student Financial Aid Florida A & M University College of Law Loans Scholarships Grants Student Employment Jump to: START
Transcript of Loans Scholarships Grants Student Employment Jump to: START.
Know Before You Go
Know Before You GoKaremah Campbell Manselle Assistant Director Student Financial Aid Florida A & M University College of LawLoansScholarshipsGrantsStudent EmploymentJump to:START
1Understanding the Financial Aid ProcessFree Application for Federal Student Aid Completed Each Year
www.fafsa.gov
Becomes Available on January 1st each year.
Required to Receive many forms of Financial Aid
Apply Online!
Screenshot of the www.fafsa.gov homepage, cropped, then layered on rounded rectangle 2Types of Financial Aid AvailableGift AidFree money given to students to assist with educational expenses.
ExamplesGrantsScholarships
Self HelpFunds students either earn through employment or funds that must be repaid.
ExamplesStudent LoansWorkstudy
3Student LoansStafford LoanSubsidized Stafford Loan- Need-based award; does not accrue interest during periods of in school deferment
Unsubsidized Stafford Loan- Accrues interest after disbursement Perkins LoansNeed based low interest loan(limited resource); 5% Interest Rate
Parent PLUS Loan Credit Based Loan that Allows Parents to Borrow up to the Students Costof Attendance
8ScholarshipsScholarship Sources
Institutional Scholarships
Donor Scholarships
Scholarship Searches
Bright Futures
Florida Academic Scholars- $100 per credit hour (4 year) / $61 per credit hour (2 year)
Florida Merit Scholars and Gold Seal Awards- $76 per credit hour/ $47 per credit hour (2 year)
www.floridastudentfinancialaid.org/SSFAD/bf/
5Grants AvailablePell Grant- Need-based grant that is prorated based on the students EFC and Enrollment Status
Federal Supplemental Education Opportunity Grant- Need-based award given to students with the most need
Florida Student Assistant Grant- State funded grant given to Pell Grant Recipients
6Student Employment The Workstudy program allows students to earn a biweekly pay check as a part of their financial aid packages. Image by Purdue Universityhttp://www.purdue.edu/studentsuccess/specialized/purduepromise/Resources/Understanding%20Work%20Study.html
Image from the www.fafsa.gov Purdue Universityhttp://www.purdue.edu/studentsuccess/specialized/purduepromise/Resources/Understanding%20Work%20Study.html, cropped, then layered on rounded rectangle 7Financial Aid TipsFile the FAFSA Early Each Year (Becomes Available on January 1st; Know Your Schools Priority Filing Date)
Borrow as Little as Possible
Apply for as Many Scholarships as Possible
Never Pay Someone to Assist with the FAFSA Believe in the Investment You are Making
9QuestionsKaremah Campbell Manselle [email protected]
10
