How to fund your dream school

1. How to fund your dream school

2. Perform at the highest level Transfer Student Merit Scholarships- Ask admission office of four year institution. Phi Theta Kappa Honor Society (3.5GPA) IIT-$5000 PTK Scholarship UIC-One semester tuition waiver DePaul University-up to $3000 Institutional Scholarships IIT-Presidential Scholarship-$23,500 &$5,000 Housing (3.5 GPA) UIC-Transfer Merit Tuition Awards (3.25 GPA) DePaul-Transfer Scholarships- (3.5 GPA) Loyola University Transfer Scholarships (3.0 GPA)

3. IIT Presidential Scholarship IIT-Presidential Scholarship-$25,000 & $5,000 Housing (3.5 GPA) HOW TO APPLY • Complete an IIT application for admission • Download and complete the Presidential Scholarship Form: DEADLINE • Fall 2014- 5/15/2014 deadline • http://admissions.iit.edu/undergraduate/finances/presidential-scholarships

4. Cost of attendance Estimated expenses are provided to students to assist them in determining actual expenses for the academic year. This is not a bill. • Tuition • Fees • Room and Board • Books & Supplies • Transportation • Personal/Miscellaneous

5. How to Finance your Education • Need-Based Scholarships • State Grants • Federal Grants • Federal Work-Study • Federal Loans • Outside Scholarships

6. Need based scholarships • Usually reviewed by the institution after Free Application for Federal Student Aid (FAFSA) is completed. • Review the institution’s web site. • A good reason to complete FAFSA.

7. State grant Illinois Monetary Award Program (MAP)-up to $4720 Deadline for 2014-15 MAP grant is coming soon! • be a U.S. citizen or U.S. Permanent Resident • be an Illinois resident (If you are a dependent, the parent whose information is used on the FAFSA must be an Illinois resident) • demonstrate financial need (EFC 0-9000) www.isac.org

8. Federal aid Complete Free Application for Federal Student Aid (FAFSA) www.fafsa.ed.gov school code You must be a U.S. Citizen or U.S. Permanent Resident Undocumented parents of U.S. Citizens or U.S. Permanent Residents must print signature page and submit it by mail. Put 0’s for social security number.

9. Federal aid www.studentaid.ed.gov • Pell Grant-up to $5730 –Lifetime Pell Eligibility 6 years or 600% (NSLDS.ED.GOV) EFC 0 - 5081 • FSEOG Grant -$100-$4000 • Federal Work Study- Money earned during the school year.

10. Federal aid loans Investment in Yourself www.studentaid.ed.gov • Perkins Loan- 5% interest rate • Direct Stafford Subsidized Loan-3.86% interest rate • Direct Stafford Unsubsidized Loan-3.86% interest rate • Direct Parent Plus Loan-6.41% interest rate If Parent Loan denied student may receive unsubsidized loan increase. Stafford Subsidized and Unsubsidized Loans are divided into two semesters. Some students transfer into four year institutions during the spring semester. Therefore, if the fall portion was not utilized, the student should accept the full Subsidized Loan first.

11. Outside scholarships

12. Appeal Process This process is utilized to advice the Office of Financial Aid of a Special Circumstance. Such as things that are not reflected in the FAFSA or things that have changed since the FAFSA was completed. • Loss of Employment • Reduced Pay • High Medical/Dental Bills • Dependency Override for Recently Married or Unaccompanied Homeless Youth

13. Students unable to Complete FAFSAcan go to college Institutions may offer the following: • Merit Scholarships • Need-Based Institutional Aid (scholarships/grants) • Appeal Process • Outside Scholarships • Private loans with U.S. Citizen or U.S. Permanent Resident co-signers

14. presenter Leticia Moreno Enrollment Specialist /Financial Aid Counselor Illinois Institute of Technology 312-567-3422 lmoreno2@iit.edu