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Senior Scholarship Night

Learn about financial aid sources, types, and tips to pay for college expenses. Discover grants, scholarships, loans, and work-study programs. Get ready for your future education!

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Senior Scholarship Night

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  1. Senior Scholarship Night

  2. WHAT IS FINANCIAL AID? • Assistance to help families pay for college • Intended to assist not replace family contribution

  3. ESTIMATED EXPENSES FOR ONE YEAR OF COLLEGE Budget item Average annual range Tuition & Fees $3,179 - 7,391 Room & Board $ 4,582 - 7,145 Books & Supplies $ 1,155 - 1,650 Academic service fees $ 97 - 912 Total $ 9,013 – 17,098

  4. SOURCES OF FINANCIAL AID • Federal - FAFSA forms should be filled out in January as soon as taxes are completed • Institutional • Loans • Scholarships • Fee Waivers • State • Oklahoma’s Promise- Students must sign up 8th – 10th grade

  5. They are off to College How am I going to pay for it????

  6. FEDERAL FINANCIAL AID • Federal Pell Grants • Stafford Loans • PLUS Loans • Federal Work Study • Federal Perkins Loans

  7. FAFSA - FEDERAL AID • The Government puts together a “Financial Package” individualized for your family based on your tax returns and the college of your choice. You will have an EFC amount (Estimated Family Contribution) • File your taxes as soon as possible and then complete the FAFSA form. (Shoot for January- the sooner the better!)

  8. 3 TYPES OF FINANICAL AID • LOANS – ANYTHING YOU BORROW MUST BE PAID BACK • GRANTS – FUNDING FROM GOVERNMENT, DO NOT HAVE TO PAY IT BACK • SCHOLARSHIPS – ACADEMICS & ESSAYS – DO NOT HAVE TO PAY BACK

  9. Gift Assistance Scholarships State Institutional Private Grants Institutional State OTAG Federal Pell MONEY YOU DO NOT HAVE TO PAY BACK

  10. Scholarships • Find scholarships through: • Counselor • Fastweb.com and scholarships.com • Universities • Parent’s work • Foundations • Companies

  11. WWW.STROUD.K12.OK.US • HIGH SCHOOL • COUNSELOR • MONEY FOR COLLEGE • ALL LOCAL SCHOLARSHIPS AR LISTED HERE • RESOURCES & LINKS TO OTHER SCHOLARSHIPS

  12. SENIORS CREATE YOUR RESUMES • CREATE A RESUME TO USE FOR SCHOLARSHIPS AND EMPLOYMENT

  13. How do I win Scholarships? • Apply on time • Apply for as many as you can • Include volunteer service as well as your academic accomplishments. • Do the Essay Scholarships!!!

  14. LOANS • LOANS • Subsidized - The interest is paid by the federal government while the student is in school. You qualify for this based on your FAFSA application. • PERKINS LOANS- Government pays interest on these while you are in school. • Unsubsidized –All students can qualify. Interest accrues the entire time the student is attending college. Pay it back while you are in school

  15. STUDENT SELF - HELP • Employment • Federal work study through FAFSA • Institutional opportunities

  16. Tribal Assistance • Contact the individual Tribe to apply for scholarships that may be available.

  17. TIPS FOR OBTAINING FINANCIAL AID • Research Options • Apply for multiple funding sources • Apply Early • File Taxes Early • File FAFSA Early • Apply for scholarships and grants

  18. INTERNET SITES TO RESEARCH • COLLEGEBOARD.ORG • FASTWEB.COM • ACT.ORG • SCHOLARSHIPS.COM • FINAID.ORG • FAFSA.ED.GOV

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