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Making College Education Affordable: Federal Aid & Scholarships Available

Learn about various types of student aid programs, including federal grants, scholarships, and work-study opportunities to make college education affordable for eligible students in North Carolina. Find out how to apply and qualify for financial aid.

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Making College Education Affordable: Federal Aid & Scholarships Available

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  1. How Can a College Education be Made Affordable? Jessica A. Sadler, MS School Counselor Havelock High School

  2. Types of Student Aid • Federal Financial Aid Programs (largest source of financial aid) • North Carolina State Grants • Scholarships • Over $150 Billion in grants, loans and work study available.

  3. Title IV Federal Student Aid Programs • Federal Pell Grants-up to $5,730 (EFC less than or equal to $5,157) • Federal Work Study Programs • Federal Supplemental Educational Opportunity Grants-up to $4,000 (granted to students with lowest Expected Family Contribution)

  4. Am I Eligible for Federal Student Aid? • Most students are eligible; all should apply • Must qualify to obtain a college education • Be enrolled or accepted for enrollment in an eligible degree or certificate program • Be registered with Selective Service

  5. Am I Eligible for Federal Student Aid? Cont. • Have a valid Social Security number (be a U.S citizen or eligible noncitizen) • Show financial need • Maintain satisfactory academic progress • Complete and sign the Free Application for Federal Student Aid

  6. How do I Apply for Federal Student Aid? • Collect parent/student federal income tax return, W-2, or other income documents to submit • Visit www.fafsa.gov to submit the Free Application for Federal Student Aid (FAFSA) electronically as soon after January 1 for the following academic year • Apply for a FAFSA PIN number

  7. How Do I Apply for Financial Aid? Cont. • Review and submit Student Aid Report to institution’s student services office • Verification and review of the Institutional Student Information Record (ISIR) • A financial aid “package” will be presented, award amount will be shared and check mailed directly to student

  8. Dependent/Independent Student • 24 or older • Married • Graduate or Professional Student • Active duty military • Veteran • Student has child and provides more than 50% support • Emancipation, legal guardianship, foster care

  9. Additional Federal Aid Programs • Corporation for National and Community Service (www.americorps.gov) • U.S. Department of Veterans Affairs (www.gibill.va.gov) • Reserve Officers Training Corps (www.todaysmilitary.com) • U.S.Department of Health and Human Services (http:bhpr.hrsa.gov/dsa)

  10. Four Steps to Federal Student Aid: • Apply • Review and Accept • Receive • Maintain • Apply early and complete FAFSA annually to be considered for grants, scholarships, and student loans for college at FAFSA DAY, Saturday February 28, 2015.

  11. North Carolina State Grants • Grants are a form of financial aid that generally do not have to be repaid as long as the student remains enrolled each semester. • North Carolina Community College Grant • North Carolina Education Lottery Scholarship • TEACH Grant

  12. Scholarships • Must complete the FAFSA before you can apply for scholarships • Golden LEAF Scholars Program (for rising freshman and transfer students) • To view and apply for number of local, state and national scholarships, please visit CFNC.org

  13. Other Aid Options • Workforce Investment Act Program • Child Care Assistance Grant • Displaced Homemaker/Single Parent • NC Reach (foster care)

  14. Financial Aid Resources • FAFSA Information studentaid.gov/resources • FAFSA Day CFNC.org/FAFSAday • Spanish Services CFNC.org/espanol • Golden LEAF Scholarships CFNC.org/goldenleaf • Apply for Pin Number pid.ed.gov • FAFSA4caster www.fafsa.gov

  15. Havelock High School Financial Aid ProgramServices • Provide individualized counseling related to financial aid • Work to guarantee effective, collaborative service to students • Ensure program integrity • Maintain a culture of support and success • Provide direct service to students in order to meet post-secondary planning needs

  16. Visual Aids

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