1 / 23

Financial Aid 101

Get the information you need about financial aid and learn how to qualify for various types of assistance. Discover grants, scholarships, loans, and work-study programs that can help you pay for your education. Presented by Griselda Morones from Santiago Canyon College High School & Community Outreach.

christiana
Download Presentation

Financial Aid 101

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Financial Aid 101 Presented by Griselda Morones Santiago Canyon College High School & Community Outreach www.sccollege.edu

  2. What is Financial Aid?“Stackable” money to help you pay for your education. Based on if you meet the eligibility requirements for each program,You may qualify for a combination of many types of financial aid!

  3. Types of Financial Aid Borrowed (Loans) FREE • Grants • Scholarships • Subsidized • Unsubsidized • Parent PLUS Earned • Work Study

  4. State Grant: Low to middle income students who: CAL GRANT A • Meet the income ceilings and asset ceilings • Have financial need (low to middle income) • 3.00 High School GPA minimum • Associate or Bachelor programs only within California • Can only be used for tuition and fees • Cannot be used at a Community College but can be in reserve for up to two years until student transfer to a university

  5. State Grant: CAL GRANT B

  6. State Grant:

  7. State Grant:Student Success Completion Grant (SSCG) • The purpose of the SSCG grant is to provide students with additional financial aid to help offset the total cost of community college attendance, and to encourage full-time attendance and successful on-time completion. • The SSCG is for Cal Grant B and C recipients attending a California Community College full-time (12 units or more).  On top of the Cal Grant B or C award the SSCG pays full-time Cal Grant B or C recipients a maximum of: • $1,298 annually at $649 per semester for eligible students who enroll and attend 12—14.99 units per term or • A maximum of $4,000 at $2,000 per semester for eligible students who enroll and attend 15 units or more per term. • Eligibility Criteria • Must be a Cal Grant B or C recipient that received a full-time Cal Grant payment • Must be enrolled full-time (12 units or more) • Must be meeting Federal Satisfactory Academic Progress (SAP) standards • Must have unmet need to receive the SSCG

  8. State Grant:Middle Class Scholarship

  9. The government provides you money for school: Federal Grant:Pell Grant • Awarded to undergraduate students • You can receive the Pell Grant for a maximum of 12 semesters or 6 years • Award depends on your financial need, cost of attendance, full or part-time status, etc… Award amounts for 2019-2020 is up to $6,195

  10. State & Federal GrantChafee Grant Program • For students who were in foster care and have financial need. • The Chafee Educational and Training Voucher (ETV) is federal and state funded with a current minimum amount of $5,000 per academic year; not to exceed cost of attendance. • To qualify, students must be a current or former foster youth and not have reached their 25nd birthday as of July 1 of the award year. • Additional criteria applies! Please check in with a Guardian Scholar Representative at your school site.

  11. FREE Financial Aid From a Variety of Sources

  12. Scholarships • Money you do not have to repay, usually based on the student’s skills, interest, area of study or scholastic performance • Athletic, musical, or other special talents • Community Service • Good grades • High test scores • Beware of scams www.fastweb.com www.hsf.net www.coca-colascholarsfoundation.org www.latinocollegedollars.org www.unitedwayoc.org/sage-scholar-program https://www.maldef.org/resources/scholarship-resources/ Contact the Career Center Coordinator or Counselor for more scholarships

  13. Overview: Federal Program:Federal Work Study • Part-time employment while you are enrolled in school • Administered by schools participating in Federal Work Study Program • Available to full-time or part-time students Where can I work? • On or off campus (at some colleges) • Bookstore, Starbucks, Library, Recreation Center • Special Programs (Talent Search, Upward Bound, etc..)

  14. Examples of Work-Study jobs:

  15. Federal Program: Student Loans

  16. What you will need to get started! • 2018 Tax Return (1040, 1040A or 1040EZ) • 2018 W-2 Forms • Soc. Sec.# for parents/students (if applicable) • Marital status • Date of marital status (parents) • Permanent Resident card (if applicable) • Parents date of birth • Parents educational level (Important to add!) • Students CA driver’s license number

  17. February - March October 1 – March 2 March - April • Submit your FAFSA, Dream Act Application & Cal Grant GPA Verification Form (from high schools). Receive an email right away from FAFSA Student Aid Report (SAR). • Receive aCalifornia Aid Report (CAR) via email and Create your Webgrants4Students.org account. October - March May 1 Financial Aid Timeline • Students receive admission letters from colleges • Students receive a financial aid award letter from each campus that accepts them • Students must file their Statement of Intent (SIR) to enroll in ONE college & pay a deposit fee • *Fees are waived if the student is a fin. aid recipient by some campuses

  18. LAST STEP

  19. California College Promise Program

  20. Questions?

More Related