1 / 20

College Savings Account/Match (9th Graders) Application Process Overview

Apply for the College Savings Account/Match program for 9th graders. Selected students receive a 529 college savings account with a $50 deposit. Earn up to $7,000 through a 4:1 match on savings. Additional funds available for college-ready milestones.

hared
Download Presentation

College Savings Account/Match (9th Graders) Application Process Overview

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. 2019 College Savings Account/Match (9th graders) Application Process Overview

  2. College Savings Account/Match – 9th graders • Up to 500 9th graders will be selected to have a 529 college savings account opened for them with a $50 deposit • At least 50 of those students will be selected for the College Savings Match and Incentives program: • Students can earn up to $7,000 • 4:1 match on college savings, not to exceed $5,000 • Additionally, up to $2,000 available to students who achieve college-ready milestones during high school • Match and incentive funds paid directly to the college

  3. Who can apply for the College Savings Account/Match program? • Current 9th grader • Be home-schooled or attend a public, charter, or private high school in six-county service area: • Kansas—Wyandotte and Johnson • Missouri—Cass, Clay, Jackson, and Platte • A U.S. citizen or resident alien with a verified permanent U.S. address and valid Social Security number or other taxpayer identification number • Have at least a 2.5 cumulative GPA in first semester of 9th grade • Low- and modest-income—expected family contribution of ≤ 12,000(on FAFSA4caster calculation)

  4. 529 College Savings Account • An investment account that is used for savings for college • KC Scholars works with the Missouri MOST and Kansas Learning Quest programs • Once selected as a KC Scholar, the KC Scholar and their designated account owner will receive information about and be required to attend a mandatory orientation session scheduled in June 2019. • 529 college savings account will be opened at the orientation.

  5. Advising Support – During High School • Full-time college advisers: • Advise students in the high school (office located in the high school) or • Advise students both virtually and in-person (office located at KC Scholars offices) • Assist students (and families): • Navigate the process of applying for admission and financial aid • Work with students to find their best-fit college/university

  6. How to Apply

  7. See next slides for overview of the FAFSA4caster

  8. FAFSA4caster Helpful Hints & Tips: • 1. You will need the following information to complete the FAFSA4caster: For Student: • Birthday • Citizenship status • Marital status • Amount of money earned from work in 2017 • Amount of assets, including investments/real estate, businesses, and/or investment farms in 2017 For Parent(s): • Age • Marital status • Household size • 2017 Adjusted gross income • Amount of assets, including investments/real estate, businesses, and/or investment farms in 2017

  9. FAFSA4caster Helpful Hints & Tips: • 2. For the question asking about grade level when student begins college, select the answer “Never Attended/1st Year”. • 3. For the question regarding the number of household members that will be enrolled in college when the KC Scholars applicant will be enrolled in college: • Include KC Scholars applicant and dependents in the parent(s)’ household who will be enrolled in college while the KC Scholars applicant would be enrolled in college • DO NOT include parent(s) • 4. After entering student’s and parent(s)’ adjusted gross income, a small box will appear underneath it. YouMUSTcheck this box to enter the correct amount for each specific asset category. • DO NOT include the house that you live in and/or the farm you live on as “investments/real estate”. • DO NOT include retirement accounts (401ks, IRAs, etc.)

  10. FAFSA4caster Helpful Hints & Tips: • 5. After clicking, “Submit” you will be taken to a second page with your projected federal aid award. For the purposes of the KC Scholars application, • DO NOT enter or change any of the information on this page. • Scroll down and click “CALCULATE” • Your EFC will appear 6. Write down your EFC, exit the FAFSA4caster, and enter that number into your KC Scholars application. • 7. A full guide on completing the FAFSA4caster can be found in “2019 Application Materials” on the KC Scholars website at https://kcscholars.org/marketing-resources/.

  11. If you are eligible, you will see your tasks:

  12. Mark Your Calendars! January 1, 2019 Applications opened at kcscholars.org March 1, 2019Application deadlineat 12 midnight May 2019Awards announced

  13. info@kcscholars.org 816.581.5700

More Related