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WELCOME !! TO RBHS FINANCIAL AID WORKSHOP

WELCOME !! TO RBHS FINANCIAL AID WORKSHOP. FUNDING YOUR COLLEGE EDUCATION. Estimated Cost of College. Com.Coll CSU UC PRIVATE. FAFSA -Free Application for Financial Aid.

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WELCOME !! TO RBHS FINANCIAL AID WORKSHOP

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  1. WELCOME !! TO RBHS FINANCIAL AID WORKSHOP

  2. FUNDING YOUR COLLEGE EDUCATION

  3. Estimated Cost of College Com.Coll CSU UC PRIVATE

  4. FAFSA-Free Application for Financial Aid • 96% of students apply electronically at www.fafsa.ed.gov • List up to 10 schools on the FAFSA • SAR-Student Aid Report received within 3 days. Students sent via email link. • Additional schools may be sent information: provide DRN (Data Release Number) on right hand corner of SAR • Students can electronically change data and schools on the SAR at any time.

  5. ADDITIONAL FINANCIAL AID FORMS • Ask what forms the institution requires, in addition to the FAFSA • What are the filing deadlines? May be filed earlier than the FAFSA Jan. 1. • Some private and public institutions require the CSS Financial Aid Profile and other scholarship or financial aid forms. CollegeBoard website has a list of schools on their website-www.collegeboard.com. • Two-step process for CSS Profile: • $5.00 online registration-www.collegeboard.com • $18.00 per college • Email help: help@cssprofile.org

  6. CATEGORIES OF FINANCIAL AID • Scholarships – Check www.rbhs.org and the Bronco Center for updated lists and individual college scholarships. • Grants - State, federal (Pell and Supplemental), college, or other programs coordinated by the college. Need-based or merit-based; no repayment. • Loans – Borrowed money that must be paid back with interest. • Employment Opportunities – Campus-based programs (Federal Work Study), or private employment.

  7. SAMPLES OF SCHOLARSHIPSCHECK IN THE BRONCO CENTER AND RBHS.ORG 1. Better Business Bureau 2. Prudential Spirit of Community 3. Coca-Cola Foundation 4. American Council of Engineering Companies 5. US Bank Scholarships. 6. Wendy’s High School Heisman 7. Sons of the American Revolution 8. Elks National Foundation 9. NROTC Scholarship 10.Calif. Dept of Veterans Affairs 11.Burger King Scholars 12.Sons of Italy Western Foundation

  8. CAL GRANTS • CAL GRANT A – Low to middle income families: 3.0 minimum GPA • CAL GRANT B – Lower income families: 2.0 GPA • CAL GRANT C – Low to middle income families: No minimum GPA • CAL GRANT A/B –Community College Transfer 2.4 GPA COMPLETE FAFSA--APPLY BY MARCH 2-Tuition,fees,living expenses covered.

  9. FEDERAL GRANTS • Academic Competiveness Grant $750 CSU Eligible--second year $1300 • Pell Grant- $4,050 • Supplemental Educational Opportunity – School Determines Amount dependent on FAFSA-$100-$4,000-varies for institution.

  10. College Grants • Community College-BOG-Board of Governor’s Fee Waiver-www.icanaffordCollege.com • CSU-State University Grant(SUG)www.csumentor.edu • UC Grant-www.universityofcalifornia.edu • Independent College Grants-www.aiccu.edu or www.aiccumentor.org

  11. National SMART Grant • U.S. Citizens and eligible non-citizens • Federal Pell Grant recipient • Cumulative GPA 3.0 • Eligible major:Computer Science, Math,Engineering,Physical Science,Technology,Life Science, or Foreign Language • $100-$4,000-funding varies at institution

  12. So You Want to Be a Teacher? • Federal TeachGrants-Teach in a “high need” school/subject-$4,000 • Federal Loan Forgiveness-$5,000 in federal Stafford loan for five years low income school. Up to $17,500 for math,science, special ed. • Federal Perkins Loan Forgiveness-part or all-low income school, special ed.,subject related. • TeachforAmerica-Interest payment or $4,725 per year if you teach 2 years at a disadvantaged school.

  13. LOANS • Federal Stafford – low interest 6%-6.8%; students pay back after graduation-6 month grace period. • Federal Perkins – low interest-5%; exceptional financial need based; students pay back after graduation- 9 month grace period. • Federal Plus – 8.5%-Parent’s assume responsibility.May align with student 6 month grace period. • Private – Contact lender or college. Institutions differ in available funds. • Federal Work Study-Apply with Financial Aid Forms. Job may be on or off campus.

  14. NECESSARY DOCUMENTS • Social Security number, driver’s license number • 2008 W-2 Forms • 2008 Income Tax Returns – parent and student (estimate, if necessary) • Recent bank statements • Your Federal Student Aid PIN, and a parent’s PIN • An email address • Recent business or investment records • Alien registration number or permanent resident card if not a US Citizen

  15. FIRST STEPS IN APPLYING • Be sure you have a Social Security number; males 18 and over must register for Selective Service at www.sss.gov • All students must fill out a FAFSA-Free Application for Student Aid. • NEW!! FAFSA 4Caster Worksheet Link at - www.fafsa.ed.gov Automatic PIN Registration-Allows electronic signature Automatic Transport to Jan. 1 FAFSA • OR -Get a PIN number at www.pin.ed.gov. Both parent and student need a pin. PIN received immediately. • Submit the FAFSAon the Web starting Jan. 1 - early submissions will be returned! March 2 is the due date for CAL Grants!

  16. DEFINITION OF NEED Cost of Attendance (COA) - Expected Family Contribution (EFC determined by FAFSA and Feds) ___________________________________ = Need (Scholarships, Grants, Loans)

  17. Private School Sample Package

  18. HELPFUL WEBSITES • www.monster.com • www.finaid.org • www.gocollege.com • www.collegeboard.com • www.edwise.org • www.fastweb.com • www.scholarships.com

  19. REMINDER PARENT FINANCIAL AID NIGHT 6:30 p.m. Wednesday, January 8, 2009 RANCHO BERNARDO HIGH SCHOOL PERFORMING ARTS CENTER

  20. Thanks for Coming! Questions?

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