Federal Grants Pell, FSEOG/Federal Work Study Cal-Grant Scholarships Loans FAFSA Deadline: March 2 nd, 2015 2
Pell Grants Money the student does not have to pay back Students can be eligible for up to $5645 The Federal Supplemental Educational Opportunity Grant (FSEOG) Additional campus-based aid Awards vary from campus to campus Must meet Priority Deadline Federal Work Study(FWS) The federal government pays students to work in positions usually on-campus Work-study jobs are a great way for students to build their resumes Jobs are flexible and work around school hours FAFSA Deadline: March 2 nd, 2015 3
Cal Grants There are two different Cal Grant programs (A&B ) for students transferring from a community college Cal Grants are Administered through: California Student Aid Commission (CSAC) www.csac.ca.gov To Apply, complete: FAFSA Cal Grant GPA Verification Both must be competed and submitted by: FAFSA Deadline: March 2 nd, 2015 4
CSU State University Grant (SUG)- Covers a portion of the State University Fee for eligible undergraduate, graduate, and post baccalaureate students. EFC under $4k; not receiving Cal Grant EOP Grant Must be admitted through Educational Opportunity Program Need-based; up to $2k/year (amount varies by campus) UC Regents Scholarships Each campus determines the number of awards, amounts, benefits, and terms. Blue & Gold Program Combines with Pell, Cal Grants, etc., to cover tuition for families with income under $80k/year Both: CA Middle Class Scholarship Begins in 14-15 academic year Benefits for families w/income under $150k Incremental implementation; by 2017-18 will cover up to 40% of CSU or UC tuition FAFSA Deadline: March 2 nd, 2015
Offered by both institutions and private donors and agencies Can be based on either financial need, academic or other merit or both Check with the colleges you are applying to Financial Aid offices Academic departments Alumni foundations Clubs and campus organizations 6
There are many organizations and services that charge families to find scholarships Don t pay for what you can find on your own for free! Be diligent and pro-active Scholarship applications take time and effort Make sure essays match the topic and do not have spelling or grammatical errors SCC > Financial Aid > Scholarships > Online Scholarship Sources: http://www.sccollege.edu/studentservices/scholarships/pages/onlines cholarshipsources.aspx 7
Is borrowing a good thing? It may be necessary that s not uncommon. If you have developed a financial plan and created a realistic budget then you will only borrow what you truly need and can afford to pay back. Direct Loans: Subsidized Loan Unsubsidized Loan Additional Unsubsidized Loan independent students only Parent Loan for Undergraduate Students (PLUS) dependent students only Aggregate Maximum Loan Limits 8
Learn more: http://studentaid.ed.gov/types/grants-scholarships/pell/calculate-eligibility#how-is-my 9
http://www.nslds.ed.gov/nslds_sa/
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Complete A FAFSA Every Academic Year The easiest way to complete a FAFSA is on-line at: www.fafsa.ed.gov Priority Deadline: March 2nd, 2015 12
www.pin.ed.gov A PIN number works as an electronic signature. Both the student and parent need PIN numbers. 13
No signatures! Must obtain PIN for electronic signatures of student and parent, or Send in signature page for student and parent Income/Asset information left blank! File by 3/2 deadline even if federal tax return is not filed Mismatched marital status and wages No schools listed List SCC plus all schools to which you have applied 14
Complete electronic FAFSA, sign using PIN and send Student should receive a Student Aid Report (SAR) in 2-3 weeks by mail Check the SAR for accuracy Schools listed receive the information electronically Each school will determine amount of eligibility If school needs additional information, student will be notified. Priority Deadline: March 2nd, 2015 15
o o o o o o o o CSU Cost of Attendance http://www.calstate.edu/sas/costofattendance/ Paying for UC http://admission.universityofcalifornia.edu/paying-for-uc/index.html Net Price Calculator (Estimate the cost to attend college) http://netpricecalculator.collegeboard.org/ Online Application for the FAFSA www.fafsa.ed.gov Requesting FAFSA PIN www.pin.ed.gov CA Dream Act www.cadreamact.org Federal Student Aid www.ed.gov/studentaid Cal Grants www.csac.ca.gov https://mygrantinfo.csac.ca.gov 16
Questions & Answers 17