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Maximizing Financial Aid for College Planning

Understand FAFSA, TAFSA, and CSS Profile, types of aid, and Selective Service for Federal aid eligibility. Prepare now to secure scholarships, grants, loans, and work-study opportunities.

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Maximizing Financial Aid for College Planning

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  1. Financial Aid Preview The earlier you know, the better you can plan…

  2. FAFSA stands for the Free Application for Federal Student Aid • It will show if you qualify for Federal Aid, such as Pell Grants or Stafford Loans. • All US citizens will fill out this form. If you are not a US citizen, you may need to fill this out on a paper version for out of state schools and some in-state private schools. • The FAFSA determines your EFC (Expected Family Contribution) • https://fafsa.ed.gov/ FAFSA

  3. If you are not a U.S. citizen, but you are a Texas Resident (including undocumented students), you will fill out the TAFSA for Texas public colleges and universities. • http://www.finaid.txstate.edu/more-info/TASFA.html TAFSA

  4. Most schools are asking for verification of your parents tax information via a tax transcript. • You can go ahead and request them NOW because they take six to eight weeks to come in. Make this summer homework and check it off your list. • https://www.irs.gov/individuals/get-transcript • If your parents didn’t file (ugh!), check off verification of non-filing. Tax Transcripts

  5. The three main types of financial aid are Scholarships, Grants and Loans. • Let’s explore these further at Angelo State’s website: http://www.angelo.edu/services/financial_aid/ • Work-study is also an option. Let’s check it out: https://studentaid.ed.gov/sa/types/work-study#what-kinds-of-jobs Types of Financial Aid

  6. CSS Profile stands for the College Scholarship Service Profile. • It is used by many private college to award their aid (beyond the Federal aid). • https://student.collegeboard.org/css-financial-aid-profile CSS Profile

  7. Gentlemen, within 30 days of your 18th birthday, you need to register for the Selective Service (basically, IF we get into a big war and need to bring back the draft, this is how they find you—sorry.) • You need to be in compliance to get Federal aid. • https://www.sss.gov/Home/Registration Selective Service

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