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Paying For College. Four Ways to Pay for College Scholarships Grants Loans Work Study. SCHOLARSHIPS. How to apply for the free gift money available for college attendance. Types of Scholarships. Merit-Based Academics Special talents Athletic Community service Need-Based
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Paying For College • Four Ways to Pay for College • Scholarships • Grants • Loans • Work Study
SCHOLARSHIPS How to apply for the free gift money available for college attendance.
Types of Scholarships • Merit-Based • Academics • Special talents • Athletic • Community service • Need-Based • Based on financial need • Different needs based scholarships will have differing levels of income and financial requirements as to what constitutes “financial need.” • FAFSA is the document that shows financial need
How Can I Get More? • Be as well rounded as possible • Scholarship committees look at: • GPA • Honors, AP & CE classes • ACT, SAT I, and SAT II scores • Involvement in clubs, activities, athletics, and community • Work • Family responsibilities
Where Do I Start? • Largest scholarships come from the colleges themselves • Be sure to request the scholarship/financial aid applications when you apply • Most applications for all types of scholarships are found on the web • Each school has a specific way to apply • What sets you apart from other outstanding seniors?
Regent’s scholarship Students apply for the Regent’s scholarship by Feb. 1st of their senior year of high school. Base Award = $1000 one-time payment Exemplary Award = $1250 per semester • Complete the Utah Scholars Core Courses • CUM GPA 3.0 • No individual grade lower than a “C” in the required core courses. • ACT Score Reported • “P” and “I” grades are not accepted • US Citizen • No criminal record • Enroll full-time at an eligible Utah institution of higher education Fall semester. • Must meet the Base Award Requirements • CUM GPA 3.5 • No individual grade lower than a “B” in the required core courses. • Have an ACT score of 26 • Students apply for the Regents’ Scholarship by February 1 of their senior year of high school. It is the student’s responsibility to understand the requirements of the scholarship.
Use Resources Within Schools • Free scholarship searches • Fastweb.com • Utahfutures.org • Scholarship Board • School Website
Scholarship Scam Warning! • “This scholarship is guaranteed or your money back.” • “You can’t get this information anywhere else.” • “May I have your credit card or bank account number to hold this scholarship?”
1st Step • FAFSA (After January 1st) • Based on the information you enter into the FAFSA, you can qualify for different types of financial aid, including grants, student loans, and work study. • Apply for a Personal Identification Number (PIN) at www.pin.ed.gov • Go to www.fafsa.ed.gov • http://www.youtube.com/watch?v=c-23SMf5DyQ
Grants Grants are awarded to students based on financial need. Like scholarships, grants don’t have to be paid back. The U.S. department of Education uses the information reported in the FAFSA to determine your eligibility.
Loans Loans are a form of financial aid that must be repaid. The interest rates on federal student loans are generally low. When considering a loan, you need to read the terms of the agreement carefully. Be wise about the amount of money you borrow!
Work Study Work study allows eligible students to earn money through a part-time job. The financial aid or student employment office at your college can help you find a work study job.
Utah Educational Savings Plan • Utah’s official nonprofit 529 college savings plan. • Requires no minimum or ongoing contributions • Has among the lowest fees of all 529 plans, the Public Treasures’ Investment Fund option there are no fees. • Claim your tax credit • Pick a school, any school. • Enroll online at uesp.org
Concurrent Enrollment • The following orientation times have been scheduled: • Taylor Health Science Building, 6-7 pm (next to the hospital) • February 10th – Desert Hills High School • February 11th – Dixie High School • February 12th – Snow Canyon High School/Tuacahn • February 13th – Pine View High School
HOW TO START SHMOOPING 1- Go to http://www.shmoop.com/utah/ 2- Find your High School 3- Click “Let’s Go!” 4- Answer “Yes” –if you have created a Shmoop account for yourself 4- Answer “No” –if you have never signed into Shmoop 5- Enter Magic Word: ARCHES