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Financial Aid Night

Join Ashley Coleman, Assistant Director of Student Financial Aid & Scholarships at the University of Oregon, as she discusses what financial aid is, the cost of attendance, filing your FAFSA, and tips for students and parents. Learn how to make college more affordable for your family.

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Financial Aid Night

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  1. Financial Aid Night Ashley Coleman, Assistant Director Office of Student Financial Aid & Scholarships University of Oregon

  2. Agenda What is financial aid? Cost of attendance Filing your FAFSA How to pay for college Tips for students & parents What are we going to talk about?

  3. Funds provided to students & families to help them pay for post-secondary educational expenses Goal is to make college more affordable for families What is Financial Aid?

  4. Cost of Attendance

  5. Both direct and indirect costs are accounted for in the cost of attendance These vary from college to college Direct Costs: Tuition & Fees, On-Campus Housing & Meal Plan Indirect Costs: Books & Supplies, Off-Campus Housing & Meals, Personal Expenses, Transportation, Computer Purchase College Costs

  6. How much do you think the University of Oregon costs to attend for one year?

  7. 2017-18 UO Undergraduate, OR Resident Tuition and Fees $11,571 (Based on enrollment of 15 credits per term) On-Campus Housing & Meals $11,450 (Off-campus $9,836/ At Home $2,789) Books and Supplies $1,125 Personal Expenses $1,995 Transportation $361 Estimated Total: On Campus$26,502 Estimated Total: At Home $17,841 UO Cost of Attendance (COA)

  8. Average COA at Oregon Schools Latest available data as of 2015-16 year. All prices reflect resident rates. Source: IPEDS

  9. Filing Your FAFSA

  10. FAFSA: Free Application for Federal Student Aid The FAFSA is your application for many types of aid Who should file? Everyone! You must complete the FAFSA to receive federal aid What information do you need? Parent(s) & Student Wages, AGI, Taxes Paid Parent(s) & Student Untaxed Income Parent(s) & Student Assets Parent & Student FSA ID to sign Apply online at www.fsaid.ed.gov What is the FAFSA?

  11. Who is My Parent?

  12. Apply online at www.fafsa.gov How to File the FAFSA

  13. The 2018-19 FAFSA opened October 1, 2017 You will be using student & parent 2016 tax information Use the Data Retrieval Tool on the FAFSA to easily import the required 2016 tax information It’s easy, fast, and accurate! FAFSA Details

  14. How many schools can I include? Up to 10! You can make corrections to add more schools later. School choices are kept anonymous. When should I file? The earlier the better, but before the school’s priority deadline. UO’s is March 1. How can I tell what I will get? Check out the page you see after submission of your online FAFSAfor some general information. What if I’m a junior now? You can get an estimate of an award by using the FAFSA4Caster available at www.fafsa.gov or using each college’s net price calculator. FAFSA FAQ’s

  15. SSN for student & parent Date of birth Use the correct parent’s information Don’t forget to have both student and one parent sign with your FSA ID before submission Common FAFSA Errors

  16. Keep an eye out for emails from FAFSA Keep an eye out for emails from the colleges you listed May ask for more information such as verification of tax information You’ll receive a financial aid award letter from each school you are accepted to The award letter tells you the COA and lists the aid you have been offered Compare award letters to find your best fit I’ve Filed My FAFSA, Now What?

  17. Apply for non-federal financial aid from more than 400 colleges & scholarship programs Some colleges, especially private colleges, may require you to complete this application in addition to your FAFSA Only Reed College in Oregon requires the PROFILE Available now for 2018-19 year collegeboard.org CSS Financial Aid PROFILE

  18. Apply for non-federal financial aid for nearly 400 colleges & scholarship programs The Profile is administered by the College Board Colleges that use the Profile will indicate this on their website and provide a link to the Profile website https://student.collegeboard.org/css-financial-aid-profile CSS Profile

  19. About 300 colleges (mostly private, but a few public universities, as well) require the CSS Profile to be completed for families applying for financial aid Only Reed College in Oregon requires the Profile When the Profile is required, it is always in addition to the FAFSA Colleges use it to determine eligibility for institutional need-based aid, in addition to federal aid CSS Profile, Cont.

  20. Submission dates – deadlines may vary Questions specific to each school Different methodology – in general, the Profile is more detailed The Profile asks for the noncustodial parent’s financial information in cases of divorce or separation Greater reliance on professional judgment Differences between the CSS Profile & FAFSA Source: finaid.org

  21. Schools that use the Profile also collect information on your family’s estimated academic year income, medical expenses, elementary school tuition and any other circumstance that may affect your ability to pay Cost – the Profile has a per-school fee ($25 for first school then $16 after) Fee waivers are available, and distributed automatically for eligible families Differences between the CSS Profile & FAFSA, Cont. Source: finaid.org

  22. Your first step is to register for the Profile Gather all the materials you’ll need to answer the questions. Example: salary; dividend and interest income; taxes paid; value of savings and investments. Complete the Profile application online. Some schools may require you to complete additional forms such as the Business/Farm Supplement or the Noncustodial Parent Supplement After completing the Profile, you’ll receive an acknowledgement summarizing your information and listing your colleges Completing the Profile Source: Peterson’s College Guidebook

  23. Types of Financial Aid

  24. What Types of Financial Aid Have You Heard About?

  25. Savings, Including 529 Plans and IDAs Gift Aid Scholarships Grants Oregon Promise Work-Study Federal Loans Subsidized student loan Unsubsidized student loan Parent PLUS loan Alternative Loans Options for Paying for College

  26. Start searching for scholarships now Think about your personal story – this will help you when writing scholarship essays Why do you want to pursue higher education? What uniqueness will you bring to campus? Make notes of deadlines and what additional documents may be required Scholarships: What to Do Now

  27. Your high school Your parent’s workplace Your workplace Local businesses Your church Community organizations OSAC application at oregonstudentaid.gov (Nov.) National search engines Fastweb.com Scholarships.com Scholarships: Where Do I Look?

  28. Elks Most Valuable Student Scholarship Deadline 11/27 The Seneca Scholarship -- $10,000! Deadline 2/1 (Early bird) Delta Rotary -- $1,000 - $2,500 per student Renewable for four years Deadline TBD (sometime in spring) Apply for the Seneca Scholarship through OSAC Info on the other two can be found in the scholarship list in Naviance Sampling of Local Scholarships

  29. Check out our website! You’ll find information on the scholarships offered through our University You’ll also find a scholarship bulletin board Check with your academic department There are study abroad specific scholarships, too! What About UO Scholarships?

  30. Award of approximately $125,000 over 4 years! Covers full tuition & fees, room & board plus $12,000 in enrichment funds Minimum 3.85 GPA Minimum 1300 SAT/ 28 ACT Demonstrated leadership, perseverance, scholarship, service, and innovation Apply for admission via the UO website or the Common Application by 11/1 Complete the Stamps application by 11/6 Submit H.S. transcripts & test scores by 12/1 UO Scholarships: Stamps

  31. Award of $9,000 per year for four years Minimum 3.85 GPA Minimum 1300 SAT/ 28 ACT Demonstrated history of leadership and volunteer service activities Apply for admission via the UO website or the Common Application by 1/15 Complete the Presidential application by 1/19 Submit H.S. transcripts & test scores by 2/15 UO Scholarships: Presidential

  32. Summit: Award of $6,000 per year for four years Minimum 3.80 GPA Minimum 1260 SAT or 26 ACT Apex: Award of $3,000 per year for four years Minimum 3.60 GPA Minimum 1220 SAT or 25 ACT Apply for admission via the UO website or the Common Application by 1/15 Submit H.S. transcripts & test scores by 2/15 UO Scholarships: Summit & Apex

  33. One year award of $1,000 - $3,000 Minimum 3.5 GPA Academic performance, test scores, extracurricular involvement, writing ability, creativity Apply for admission via the UO website or the Common Application by 1/15 Submit H.S. transcripts & test scores by 2/15 UO Scholarships: General University

  34. Award of $6,000 per year, renewable Freshmen majoring in pre-education, intention to teach in public schools Financially needy (FAFSA) Apply for admission via the UO website or the Common Application by 1/15 Submit H.S. transcripts & test scores by 2/15 Submit FAFSA by 3/1 UO Scholarships: Logan

  35. PathwayOregon could be for you if you’re an Oregonian wondering how you might afford an education at the University of Oregon Ensures that your full tuition & fees are covered (without using loans) for four years if you qualify Oregon resident Graduate from an OR high school in last 2 years Admission as a first-time freshman Minimum 3.4 high school GPA Eligible for a Federal Pell Grant as determined by the FAFSA (complete FAFSA by February 15th) Students also receive academic support from dedicated advisors PathwayOregon

  36. State grant that helps to cover most tuition costs at any Oregon community college. Awards are based on EFC. You have to meet specific criteria to qualify: Receive an OR high school diploma or GED in spring or summer of 2018 Enroll at least half-time within 6 months of completing high school or GED Have been an OR resident for at least 12 months prior to community college enrollment Have a cumulative high school GPA of 2.5+ Accept all state and federal grants awarded Oregon Promise

  37. Awards for full-time students range from $1,000 to $3,540 per year, minus a $50 co-pay per term Awards are renewable for the second year Apply for an Oregon Promise or get more information at www.oregonpromise.org Application deadline: June 1, 2018 OSAC will notify you if you qualify Oregon Promise Cont.

  38. Tips for Students & Parents

  39. If possible, start saving money now Talk about a financial plan for college and what is affordable for your family Will you be borrowing the Parent PLUS Loan? Will you be approved? Research and apply for scholarships Apply for your FSA ID now at www.fsaid.ed.gov File your FAFSA now If you financial situation has changed (job loss, less income), contact the financial aid office Make sure you are meeting all deadlines (admission, documentation, scholarships) Tips for Students & Parents

  40. Remember the Process!

  41. Questions?

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