1 / 13

Financing Your Education

Discover tips to finance education through scholarships, grants, and student loans smartly. Learn about the FAFSA, responsible borrowing, and key loan facts to manage your finances efficiently.

timothyv
Download Presentation

Financing Your Education

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Financing Your Education

  2. Financing Your Education • Exhaust all of the “free” money before you take out student loans • Scholarships • Grants • Work-study • Complete the FAFSA as soon as possible after October 1st • Know what it takes to keep your financial aid • Know the players involved with your student loans • Financial aid office

  3. What is the name of the application you have to file each year you are in school to receive financial aid? FAFSA Free Application for Federal Student Aid

  4. Scholarship Search

  5. Institutional & Private Aid Private Organizations Jefferson College • Institutional Scholarship • Transfer Scholarships • Foundation Scholarships

  6. The Missouri Source

  7. Federal Student Loans • Subsidized • Eligibility based on financial need (COA – EFC – EFA) • Federal government pays interest • While enrolled at least half-time • As of July 1, interest will no longer be paid during grace period and only during approved deferment periods • Unsubsidized • Eligibility not based on “need” (COA – EFC – EFA) • You are responsible for interest • Pay as it accrues • Have interest added to the principal (Capitalized)

  8. The Life of Your Student Loans • Disbursement • In-school period • Deferment • Grace period • Six-months • Repayment

  9. Student Loans Facts • All loans must be repaid! • The amount of money you decided to borrow might affect your lifestyle in the future • Your ability or inability to repay these loans can affect your credit worthiness • Only borrow what you need!

  10. Responsible Borrowing

  11. National Student Loan Data System (nslds.ed.gov)

  12. Live Like a Student • Be aware • Be smart with your credit cards • Learn to say “no” • Know for what expenses you are responsible • Take advantage of student discounts and student services on campus

  13. Your name and contact information goes here

More Related