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Financial Aid

Financial Aid. Oakcrest H.S. Guidance Department. How Are You Doing…. With College Applications??? College Applications Deadline Reminders: Naviance 2 Weeks Notice January 1 st Deadline- Applications due to your counselor by December 13 th

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Financial Aid

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  1. Financial Aid Oakcrest H.S. Guidance Department Class + Pride + Dedication = Oakcrest Guidance

  2. How Are You Doing… • With College Applications??? College Applications Deadline Reminders: Naviance 2 Weeks Notice January 1st Deadline-Applications due to your counselor by December 13th Letters of Recommendations: 2 weeks notice to teachers Class + Pride + Dedication = Oakcrest Guidance

  3. Financial Aid Outline • Financial Aid Overview • Applying for Financial Aid • Completing the FAFSA • Determining Financial Need • Financial Aid Packages • The CSS Profile • Finding Money on Your Own • Financial Aid Seminar at Oakcrest HS • Jump Start Program Class + Pride + Dedication = Oakcrest Guidance

  4. Financial Aid Overview • What is Financial Aid? Financial Aid is money in the form of loans, grants, scholarships and Employment (work study programs) Financial Aid is used to assist students in meeting the cost of attending college, or other post secondary school institutions Class + Pride + Dedication = Oakcrest Guidance

  5. Financial Aid Overview • Who provides Financial Aid ? • The Federal Government • The State of New Jersey • The schools you apply to • A variety of other public, private and local sources Class + Pride + Dedication = Oakcrest Guidance

  6. Financial Aid Overview • Two Main Types of Financial Aid • Merit-based Aid • Scholarships • Need-Based Aid • Grants • Loans • Work Study Programs Class + Pride + Dedication = Oakcrest Guidance

  7. Applying for Financial Aid • You should apply for Financial Aid ……… • If you are considering furthering your education after High School. • Even if you don’t think you and your family will qualify for aid. • As soon as possible after January 1, 2013 Class + Pride + Dedication = Oakcrest Guidance

  8. Applying for Financial Aid :The Process • Complete the FAFSA • Online at: www.fafsa.ed.gov • Receive Student Aid Report (SAR) from Federal Government. • If necessary, make corrections to SAR and return. • Receive financial aid award letter from schools you applied to. Note: Many of the questions on the FAFSA will refer to your parents and your 2012 income tax form Class + Pride + Dedication = Oakcrest Guidance

  9. Filing the FAFSA Online: Paper FAFSA forms can be downloaded as a PDF file from www.FederalStudentAid.ed.gov or you can call 1-800-4-FED-AID to request a paper application to be sent to you. If you need additional assistance obtaining a paper copy of the FAFSA, you can see your counselor. • Most colleges and the government prefer that the FAFSA be completed online because: • It eliminates mistakes • It allows both students and colleges to get results quicker Class + Pride + Dedication = Oakcrest Guidance

  10. Completing the FAFSA • Pay attention to Institution, State and federal deadlines. • The lime green section is for reporting your information, and the purple section is requesting your parent(s) info. • When completing “Step Six” of the FAFSA always list a NJ School First. • New Jersey is ranked second in the nation based on the amount of grant aid provided to full time students who attend New Jersey Colleges. (NJEA Review-September 2008) • It is helpful to file income taxes ASAP after January 1, 2013. • Males – You must register for the Selective Service in order to qualify for financial aid. You can register by answering “yes” on that question on the FAFSA. Class + Pride + Dedication = Oakcrest Guidance

  11. Completing the FAFSA • Need Help filling out the form? • If you have questions completing the form call 1(800)-4-FED-AID or go to www.studentaid.ed.gov Class + Pride + Dedication = Oakcrest Guidance

  12. Completing the FAFSA- Creating a PIN Online • You will need to get A PIN so you can sign the FAFSA electronically. • Go to www.PIN.ed.gov to get a PIN, You can do this now, you do not need to wait until January 1, 2013. • You should not share your PIN with anyone • See the “Your PIN” FAFSA brochure, for more info on securing a PIN number. Class + Pride + Dedication = Oakcrest Guidance

  13. Determining Financial Need Learning the lingo…… Cost of Attendance - Expected Family Contribution (EFC) = Financial need Class + Pride + Dedication = Oakcrest Guidance

  14. Financial Need varies depending upon the school you apply to, for example: • ACCCRowanRider • Cost of Attendance: 6,200 26,000 48,000 • EFC:- 6,200- 6,200 - 6,200 • = Financial Need 0 19,800 41,800 Class + Pride + Dedication = Oakcrest Guidance

  15. Grants Federal Pell grant Federal Supplemental Educational Opportunity Grant (SEOG) NJ TAG Grant Loans Federal Perkins Loan Subsidized and unsubsidized Stafford Loans Plus Loans NJ Class Loans Work Study Programs Financial Need can be met in a variety of ways:Usually any combination of the programs listed below can be included in a “Financial Aid Package” Class + Pride + Dedication = Oakcrest Guidance

  16. The CSS/Financial Aid Profile • The CSS Profile only needs to be completed if the school you are applying to requires you to complete it. • The CSS profile is an additional financial aid application. • The CSS profile can be completed online, and the instructions can be accessed at: • This profile requires a fee for each school: one time $25.00 application fee, which includes one school; $16.00 fee for each college you want information sent. • www.profileonline.collegeboard.org Class + Pride + Dedication = Oakcrest Guidance

  17. Path of FAFSA Date SEN NJEI SAR EFC HESAA Database Match

  18. Finding Money on Your Own • Locating Scholarship Opportunities • Naviance • OHS Website: Finding Money For College • Career Room: Internet - College Board, Fast Web, Zinch, etc. Scholarship Books Princeton Review • Parent place of employment Class + Pride + Dedication = Oakcrest Guidance

  19. If asked to give money to receive a scholarship Unreasonable application / processing fees You hear “We do all the work” You are guaranteed scholarship money If someone informs you that you’ve been selected as a “national finalist” in a contest you never entered Finding Money on Your Own : Beware of Scholarship Scams: Think twice if…… Class + Pride + Dedication = Oakcrest Guidance

  20. Financial Aid Seminar • On Thursday, December 13, 2012, at 6:00 pm, in the Senior Cafeteria Oakcrest Guidance Dept. will host a Financial Aid Seminar. • The financial aid officer from Stockton will go over how to complete the FAFSA in detail. • All Students, Parents, Guardians and community members are welcome Class + Pride + Dedication = Oakcrest Guidance

  21. ACCC Jump Start Program • ACCC College admissions officers will come to Oakcrest on three different occasions to meet with potential students. The first meeting will be Friday, February 8th, 2013. Class + Pride + Dedication = Oakcrest Guidance

  22. ACCC Jump Start Program • The purpose of the three meetings are to: • Meet and accept students into the ACCC and discuss educational objectives. • Administer the Basic Skills Test • Review the results of the basic skills test and select courses for the fall term. Class + Pride + Dedication = Oakcrest Guidance

  23. ACCC Jump Start Program • To Participate You Need to: • Return a completed ACCC Application with a $35.00 application fee to your Counselor or Mr. Cocuzza by Wednesday, January 30th, 2013 • Be sure you return a release of records form Class + Pride + Dedication = Oakcrest Guidance

  24. ACCC- NJ Star Program • NJ Stars program will award free tuition to students who attend community college • To Qualify: a student must attend a NJ High School and graduate in the top 15% of their class. (subject to change) • After the students 1st year in college, they must maintain a GPA of “B’ or better to remain eligibility for free tuition. (subject to change) Class + Pride + Dedication = Oakcrest Guidance

  25. NJ Stars II Program • The NJ Stars II program enables successful NJ Stars scholars to transfer to a New Jersey four-year public/private college or university and earn a bachelor’s degree with tuition awarded up to $2,500 per year. • Eligibility: a student must maintain a “B” average at their community college and earn an associate degree (subject to change). Class + Pride + Dedication = Oakcrest Guidance

  26. NCAA Clearinghouse • Athletic Scholarships – Division 1 and 2 only • Student Athletes need to meet minimum Core Content GPA and SAT score requirements • Students need to register online at www.eligibilitycenter.org • See your counselor for additional information and refer to page 50 in the course description book. Class + Pride + Dedication = Oakcrest Guidance

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