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How to Fund Your Dream School

How to Fund Your Dream School. By Leticia Moreno Financial Aid Counselor. Perform at the Highest Level. Transfer Student Merit Scholarships- Ask admission office of four year institution. Phi Theta Kappa Honor Society (3.5GPA) IIT-$ 5,000 PTK Scholarship

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How to Fund Your Dream School

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  1. How to Fund Your Dream School By Leticia Moreno Financial Aid Counselor

  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-$5,000 PTK Scholarship UIC-One semester tuition waiver DePaul University-up to $3,000 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)

  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 Spring 2014- November 15, 2013 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 Fund 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 Grants Illinois Monetary Award Program (MAP)-up to $4720 (15 credit hours per semester) 2013-14 MAP grant suspended to all students whose initial 2013-14 FAFSA was, or will be, received by the federal processor on or after March 2, 2013 (deadline March 1, 2013 -11:59 pm). • 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. Undocumented students who have been approved for Deferred Action for Childhood Arrivals (DACA) are not eligible to apply for FAFSA

  9. Federal Aid (cont.) www.studentaid.ed.gov • Pell Grant-up to $5645 –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 (7/1/2013) • 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 • Jack Kent Cooke Foundation- up to $30,000 in scholarships (early November deadlines) http://www.jkcf.org/ • U.S. News.com Education Blog http://www.usnews.com/education/blogs/the-scholarship-coach/2013/02/07/check-out-these-scholarships-for-transfer-students • Type “scholarships for transfer students” in your browser

  12. Outside Scholarships • Chicago Prowler Scholarship http://collegeprowler.com/cpscholarships/ • Illinois Dream Fund Scholarship http://www.illinoisdreamfund.org/

  13. 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

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

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