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Financing Higher Education. Helpful Tips: Check your sound Turn off all other programs Use the strongest Internet connection possible If you are experiencing difficulty, run a system test http:// www.instantpresenter.com/system_test or call 1-800-706-6762. Interaction Encouraged.
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Financing Higher Education Helpful Tips: • Check your sound • Turn off all other programs • Use the strongest Internet connection possible • If you are experiencing difficulty, run a system test http://www.instantpresenter.com/system_testor call 1-800-706-6762
Interaction Encouraged Social Media • Use #TCTwebinar • Twitter @UA_TCAI https://twitter.com/ua_tcai • Facebook Take Charge Today facebook.com/UATakeChargeToday InstantPresenter Features • Text chat (below) • Your signal (bottom left)
Financing Higher Education Mike Staten TCAI Director and Assistant Dean for Careers, Commerce and Industry University of Arizona Shelly Stanton National Master Educator, Technology Integration Specialist for Billings Public Schools, Montana Rebekah Salcedo Senior Associate Director University of Arizona Office of Scholarships and Financial Aid
Take Charge Today Mission “Provide educators with no-cost curriculum materials and the skills and confidence to effectively teach financial literacy”
Rebekah Salcedo Senior Associate Director University of Arizona Office of Scholarships and Financial Aid
Office of Scholarships & Financial Aid Paying for College
Resources • Where to order College Preparation Checklist and other Department of Education materials: edpubs.ed.gov • CSS Profile Information: http://student.collegeboard.org/css-financial-aid-profile • UC Santa Barbara FAFSA guide http://www.finaid.ucsb.edu/fafsasimplification/
Shopping Sheet • A clear, concise way to see the cost of a particular school • Provides a standardized award letter allowing students to easily compare financial aid packages and make informed decisions on where to attend college • Nearly 2,000 institutions have committed to providing the Shopping Sheet to their prospective students More information at http://www.ed.gov/financial-aid-shopping-sheet.
How much does it cost? *2013/2014 Resident Dependent On/Off Campus Expenses *Represents direct costs *Expenses calculated through survey; the total is only an estimate and may vary from student to student For more information visit: http://http://financialaid.arizona.edu/freshmen/estimated-cost-attendance
How much does it cost? *2013/2014 Resident Dependent On/Off Campus Expenses *Represents direct costs *Expenses calculated through survey; the total is only an estimate and may vary from student to student For more information visit: http://http://financialaid.arizona.edu/freshmen/estimated-cost-attendance
Filling out the FAFSA FAFSA: Free Application for Federal Student Aid • Visit fafsa.ed.gov • School code • i.e. U of A code: 001083 • Student and Parent’s federal tax information • Tax estimates • Know school’s priority deadline date (every school maybe different)
Grants • Similar to scholarships • (they’re free!) • Federal Pell Grant • State and Federal Grants • Teach Grant
Federal Work Study • Allows opportunity to work on or off campus • Provides skills not learned in the classroom
Federal Direct Loans Subsidized Loans Unsubsidized Loans Interest accrues while you are in school Guaranteed (no credit check) • Need Based • Interest does not accrue while in school
Parent PLUS Loans • Credit Check required.* • Can request loan be deferred while student is enrolled in school or you can begin repayment while student is in school.
Federal Direct Loans Questions?
Senior Year Timeline Fall 2013 January 2014 Spring 2014 Summer 2014 Fall 2014
Shelly Stanton Technology Integration Specialist and Career and Technical Educator for Billings Public Schools TCT Master Educator since 2007
Content into Practice • Take Charge Today has a series of lessons • Preparing for Higher Education • Students look at positive habits that will help them be successful in post-secondary education • Planning for Higher Education • Students review their goals and look at career pathways • Paying for Higher Education • FAFSA and scholarship information
Advanced Level Paying for Higher Education
Receiving a Higher Education Plan Ahead! Eight times as many students drop out of degree and certificate programs due to finances and debt than grades! What are other pros and cons of higher education?
Reduce Costs by Planning Ahead What are ways you can reduce the total cost of higher education?
Academic Advisors Imani has learned that a bachelor’s and professional degree to become a lawyer could cost as much as $301,118 Your mission: Explore ways to help Imani pay for her education
Imani’s Plan Anticipated total cost: $241,458 Anticipated total cost: $178,294 Anticipated total cost: $95,536
Three Types of Higher Education Financial Aid Higher Cost Money you do not have to repay
Imani’s Potential Scholarships Your mission: work in small groups to identify at least three scholarships Imani is eligible for based on her special circumstances and extra-curricular activities
My scholarship Search Although all conclusions are powerful this is where I saw amazing engagement with students.
Quote from a Counselor • “Everything I needed was in one place and made not only helping seniors easier but also assisting parents! Thank you for this resource.” -Dave Spring, Billings, MT
Quote from a Teacher • “In 23 years of education, I’ve never seen another lesson designed to teach kids how to pay for higher education. Nobody else is telling them how. This lesson is essential.” • Tracey Newman-Missouri
Content videos • 5-10 minute videos • Developed by national experts • Designed for educators • More coming soon! 7 Tips for Financing Higher Education Investing Principles Saving For College – 529 Plans How to Choose a Financial Advisor Free Application for Federal Student Aid (FAFSA) Individual Retirement Accounts
Continue the Conversation Online Share your ideas, struggles or suggestions https://takechargetoday.arizona.edu/forum/preparing-higher-education
Thank You For Participating https://www.surveymonkey.com/s/LLVK2LF