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Financial Aid Night 2013

Financial Aid Night 2013. Hinsdale South Guidance Department. Assess Affordability based on reasonable borrowing Match that up with approximate net prices of colleges Create financial fits . Review Planning Phase. Organize self financially What information is needed

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Financial Aid Night 2013

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  1. Financial Aid Night 2013 Hinsdale South Guidance Department

  2. Assess Affordability based on reasonable borrowing • Match that up with approximate net prices of colleges • Create financial fits Review Planning Phase

  3. Organize self financially • What information is needed • How will this information be viewed Execution Phase

  4. Parent’s Income • Student’s Income • Parent’s Assets • Student’s Assets Variables that Drive the EFC

  5. January 1st, 2014 • Updating your Student Aid Report • Signing the document with PINS Filing the FAFSA

  6. How is the Profile Different? • When is the Profile filed? The CSS Profile

  7. FAFSA rules • Profile exceptions Divorced Households

  8. Ward of court • Homeless • 24 or older • Graduate / not undergrad • Military Independent Students

  9. EFC leading to Pell Grant • EFC leading to MAP • EFC leading to College Grant • Filing leading to loans and work FAFSA key numbers

  10. Subsidized • Unsubsidized • Promissory note and loan counseling Direct Student Loan (stafford)

  11. Federal Work Study • Part time jobs • Student has to be the aggressor Campus Employment

  12. When can you appeal? • How do you appeal? Appeal Process

  13. Merit money (scholarships) • Need based college grant money • Federal and/or state grant money • Student loan (automatic) • Campus employment (available when student takes active role) • Final College Decision – May 1 Analyze Award Letters

  14. Not negotiating • Demonstrate systematic review of affordability • Only proceed if number one choice is close The Conversation

  15. Senior checklist • Regional options via website • Fastweb.com for national data base Independent Scholarship

  16. PLUS • Equity of home • Private Student Loan • 401k (403b) loan • College acts as a bank Parent Loan options

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