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Financial Aid

Financial Aid. What does it cost? 2013-14 Cost of Attendance* (9 months). * Systemwide averages, actual amounts will vary by CSU campus. Resources for Cost Information. California State University Website ( http://www.calstate.edu/budget/student-fees/fee-rates/ )

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Financial Aid

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  1. Financial Aid CSU HS Counselor 2007

  2. What does it cost?2013-14 Cost of Attendance* (9 months) * Systemwide averages, actual amounts will vary by CSU campus.

  3. Resources for Cost Information • California State University Website (http://www.calstate.edu/budget/student-fees/fee-rates/) • This site includes a link to CSU Mentor – Application and Financial Aid information • Calculate Net Cost here using the Net Price Calculator

  4. ScholarShare & SAVING FOR COLLEGE • How Much will it Cost:

  5. CSU Financial Aid 2011-12 • 306,285 CSU Students received aid (72% of all students) • Nearly $3.6 Billion in Total Aid • 57% of All undergraduates have full cost of tuition covered by grants, scholarships or waivers • $613 million in State University Grant to 133,000 + students • For the 2013-14 academic year we anticipate more than $630 million in State University Grant awards

  6. Hot Topics • California Dream Act • Middle Class Scholarship • Be aware of our Deadlines • Special Circumstances

  7. NEW: Dream Application Students without lawful immigration status, who qualify for an AB540 nonresident tuition exemption: • Dream Application is completed instead of FAFSA (www.caldreamact.org) • Used to determine eligibility for state and institutional need based scholarships and grants • Cal Grant GPA verification is still required, in addition to the Dream Application, for Cal Grant consideration • Some campuses may also have a separate institutional scholarship application that must be filed in addition to the DREAM and FAFSA applications • The Admission application fee waiver is also available to students without lawful immigration status, who will qualify for an AB540 nonresident tuition exemption & meet the income guidelines

  8. NEW: Dream Application AB 540 General Requirements • The student must have attended a HS (public or private) in CA for 3 or more years, AND • The student must have graduated from a CA HS or attained the equivalent (GED and CA HS proficiency exam also qualify), AND • File an AB540 Affidavit (California Non-Resident Tuition Exemption Request form) with the college or university • Available in the Admissions & Records office of each CSU

  9. New: Middle Class Scholarship • Available beginning 2014-15 academic school year – Fall 2014 • State scholarship for students with family income up to $150,000 on a sliding scale • UC and Cal State specific • FAFSA and Dream applicants will be considered for eligibility • Limited information is currently available

  10. New: Middle Class Scholarship • For the 14/15, 15/16, and 16/17 school years the MCS amount is reduced • 2014-15 CSU maximum is approximately $766 and for the UC $1,700 • When fully implemented in 2017-18 the maximum award will be 40% of systemwide tuition fees at a UC or CSU

  11. CSU Deadlines • Check CSU Mentor for admit application Deadlines • Most CSU’s use March 2nd for priority funds also for Cal Grants • Document deadlines also determine aid amount and priority

  12. New: Application Changes • Parent Definition • Addition to previous definitions: • Parents are not married to each other and live together, student may select “unmarried and both parents are living together” • This definition includes domestic partners • Both parents income should be reported • Both parents should be included in the house hold size

  13. Special Circumstances • Don’t let this delay your FAFSA or Dream application: meet with a financial aid counselor early • Each campus has different policies and procedures for helping these students and families • FERPA: Family Educational Rights and privacy Act • Prevents University staff from discussing student specific information with a third party, including parents, without the student being present

  14. Special Circumstances • Death of a Parent • Parent/Student Loss of Employment • Parents Divorce/Separation • Student Estrangement from Parents • Homeless students • Other: Students with unique situations should contact the financial aid department at a CSU campus for guidance

  15. Aid Available at the CSU Recall the average cost of $15,548 for an at-home student Pell Grant: $5,730 $ 201Minimum State Univ Grant: $5,472 Cal Grant Access $1,473 SEOG Varies by Campus Direct Loan $5,500 Sub & Unsub

  16. Aid Available at the CSU Don’t Forget Scholarships Over 10 Million in annual available scholarships • CSU Trustee Award 2 $10K and 3 $6K • Dumont Scholarship for visually impaired • Wilson Riles for 1st Generation Student Check with Individual campuses and websites

  17. Helpful Websites • FAFSA: http://www.fafsa.gov/ • Cal Grants: http://www.calgrants.org/ • Dream Application: www.CalDreamAct.org • Department of Education - Student guide: http://www.studentaid.ed.gov/ • CSU campus websites: http://calstate.edu/sas/fa_campus_url.shtml • CA Colleges and Career planning: • http://www.californiacolleges.edu/

  18. Questions???

  19. My Information: Rhonda Johnson, Executive Director California State University, East Bay Email: finaid@csueastbay.edu

  20. www.calstate.edu

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