Presentation Transcript

1. District 51 Financial Aid Overview

   Curt Martin Colorado Mesa University
2. Show Me the Money! Need-Based Grants Merit-Based Grants Academic Achievement Athletics Talent Community Service Only applicant Loans Savings Work
3. Prepare! Things to gather for need – based aid Name, SSN, DOB Federal Tax forms Other Income Assets Find Out the cost of the college
4. Cost of Attendance
5. Preparing for Scholarships Do well academically Join Groups Become civic-minded Keep a diary
6. Look! High School Guidance Counselor College Web Sites College Financial Aid Offices Local Businesses & Banks Your Place of Employment (Parents Too) Clubs and Churches Magazines, Newspapers, TV, Soda Cans, Wrappers The Web in General
7. Student Debt Is Real So smart, so successful – so broke? Don’t become a statistic! For students ages 18-24, one-third of their income is spent on debt Average student loan debt is $23,200 Average student credit card debt is $5,400 at graduation More 21-to-24-year-olds are declaring bankruptcy than graduating from college
8. What’s your Plan? Starting Salary: $40,000 per year Take Home: $2400 per month Payments: Rent ($750) Student Loan ($225) Car payment ($400) Utilities ($350) Credit Card ($125) Food ($350) Insurance ($150) Emergencies ($ 50) (dates, clothes, etc.)
9. Financial Aid Process January – March Complete FAFSA www.fafsa.ed.gov Complete scholarship applications If attending college in Colorado, complete COF at https://cof.college-assist.org/ Verification documents requested by college
10. Financial Aid Process April – July Award notification sent to student Complete Master Promissory Note (MPN) and loan entrance counseling https://studentloans.gov/ Parent needs to complete credit check and MPN for Parent Loan for Undergraduate Students (PLUS)
11. Financial Aid Process August – October Check in with Financial Aid office to verify that everything has been completed Financial Aid will be disbursed either 3 days before class or 2 weeks after classes start November – December Search for scholarships for next academic year Repeat process each year
12. Time to Split

13. Financial Aid FAFSA Overview

    Curt MartinFinancial Aid Director
14. Federal Student Aid Pin
15. PIN www.pin.ed.gov Useful as an e-signature for FAFSA completion Parent and student may both apply for PIN
16. FAFSA on the Web’s Homepage
17. Student Identifiers
18. Enhanced Functionality
19. Student Eligibility
20. High School Question
21. College Selection Step
22. Financial Information
23. FYI IRS data retrieval continues Also available in Corrections Electronically filed tax return information will be available from the IRS in 1-2 weeks, data from paper tax returns will be available in 6-8 weeks. Check in with Financial Aid office to verify that all has been completed
24. IRS Data Transfer Once the applicant has successfully authenticated, tax data will be presented and the applicant will have the option to “Transfer” the tax information to the FAFSA Transferred data will have a notation - “Transferred from the IRS”
25. Untaxed income & Assets
26. Sign & Submit
27. Helpful Web Sites College in Colorado: www.collegeincolorado.com Scholarship Search: www.fastweb.com FAFSA: www.fafsa.ed.gov PIN: www.pin.ed.gov MPN: www.studentloans.gov U.S. Department of Education: www.studentaid.ed.gov General financial aid information: www.finaid.org
28. Questions? Mesa State College Financial Aid Office: 1-800-982-MESA (Main Line) (970) 248-1396 (Financial Aid) www.coloradomesa.edu/finaid Financial Aid Counselors: Ashlee Caddy Jim Ciha Patty Diekman Rose Willett Carol Lawrence Sally Schuman
29. Thank You