40 years of training champions for christ
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The What and How of Financial Aid. 40 Years of Training Champions for Christ. Financial Aid Equation. Financial Aid. 40 Years of Training Champions for Christ. Scholarships . Institutional Scholarships Financial aid that does not have to be repaid - PowerPoint PPT PresentationTRANSCRIPT
40 Years of Training Champions for Christ
The What and How of Financial Aid
Financial Aid Equation
40 Years of Training Champions for Christ
ScholarshipsInstitutional & Outside
Aid
GrantsFederal &
State
LoansStudent &
Parent
Employment
Federal Work Study
Financial Aid
Institutional Scholarships
Financial aid that does not have to be repaid
Offered by the college or university
Usually awarded due to academics, extracurricular participation, or personal accomplishments
Scholarships
40 Years of Training Champions for Christ
Outside Scholarships
Financial aid that does not have to be repaid
Offered by an organization, company, or other affiliation; money given to a student from a person not related to the student
Usually obtained through an application process
Scholarships
40 Years of Training Champions for Christ
Federal and State Federal Pell Federal Supplemental Education Opportunity Grant (FSEOG) Federal TEACH Grant Virginia Tuition Assistance Grant (VTAG) Virginia College Scholarship Assistance Program (CSAP) Virginia Two Year College Transfer Grant (CTG) Virginia Brown v. Board of Education Scholarship
Grants
40 Years of Training Champions for Christ
Federal
Stafford Loan (Student)
Subsidized – Need-based as determined by the FAFSA, other aid sources and educational costs ; the U.S. Department of Education pays the interest on the loan while the student is enrolled at least half-time
Unsubsidized – Not need-based; the student pays the interest while in school or it can be capitalized
Loans
40 Years of Training Champions for Christ
Federal
Direct PLUS (Parent)
For credit-worthy parents of dependent undergraduate students
Students whose parents are denied the Parent PLUS Loan due to adverse credit may be eligible to receive an additional $4,000 or $5,000 in unsubsidized loans
Loans
40 Years of Training Champions for Christ
Private Loans
Not part of the federal loan programs
Should be used as a last resort
Loans
40 Years of Training Champions for Christ
Federal Work Study (FWS) Federal Work Study is an opportunity to work and earn income for your college
education while in school.
Federal Work Study is a federally funded program that awards based on need as determined by the FAFSA (Free Application for Federal Student Aid).
This program provides part-time on and off-campus jobs for qualifying undergraduate resident students.
Multiple studies have shown that students who work no more than 20 hours a week are more engaged in the activities of their campus, often have higher grade point averages and manage their time more effectively.
Employment
40 Years of Training Champions for Christ
Free
Application
For Federal
Student
Aid 40 Years of Training Champions for Christ
FAFSA
In order to determine eligibility for federal and some state and institutional aid, most colleges and universities require students to complete the FAFSA each academic year.
Students and parents must apply for a PIN number in order to electronically sign the online form: www.pin.ed.gov
Once PINs have been received, the FAFSA may be completed online: www.fafsa.ed.gov
Essay
Academic
Creative/Talent Based
Need Based
Eligibility/Merit Based
Types of Outside Scholarships
40 Years of Training Champions for Christ
Search OptionsCompile a list of personal identifiers and combine them with key words.
Personal Identifiers
Shoe Size, Hobbies, Activities,
Heritage, Special Needs, Awards, Certifications,
Denomination, Talent, Major
Key Words
Fund, Foundation, Company, Association,
Guild, Institute, Organization, Society,
Endowment, Corporation, Trust, Charity, Fellowship, Scholarship, Award, Benefaction, Loan
Forgiveness
13
Continuing Your Search
BRANDS:Frito Lay, Hershey’s,
Tylenol, Coca Cola, Kraft
CORPORATE STORES:
Wal-Mart, Target
COMMUNITY ORGANIZATIONS:
Rotary, American Legion, 4H, Churches
FAMOUS INDIVIDUALS:
Bill Gates, Harry Truman,Jackie Robinson
MEMBERSHIPS:National Honor Society,
DECA, Magazine Subscriptions, Unions,
Banks
PARENT’S EMPLOYMENT
RESTAURANT CHAINS:
Burger King, KFC, McDonald’s
SPECIAL CIRCUMSTANCES:
Cancer Survivor, Disability, Illness, Child of Military
Personnel
GOVERNMENT:
Local, County, State, Federal
Keep a record of scholarships applied for:
Emphasize two key dates:
1) APPLICATION AVAILABILITY 2) DUE DATE
Stay Organized!
Scholarship Type Deadline Submitted Response
Amount
Coca-Cola Scholarship
Essay March 25, 2011
March 01, 2010
Finalist $5,000
Once you find a scholarship, check ALL qualifications and guidelines.
Be aware that some scholarships come with conditions. You may have to pay the scholarship back if all of the conditions are not met.
Watch for the word “AND.”
Prepare a résumé.
Gather at least three references (ex. educational, personal, professional).
Presentation is everything!• Go the extra mile.• Professionalism is key.
Attention to Details
FAST
PACE
Getting your search off to a…
ile income taxes early
pply for aid ASAP
ubmit a FAFSA by the deadline
reat it like a part time job
rioritize your efforts
void scams
ontact your school to explorethe Financial Aid possibilities offered
veryone is eligible for something!
Financial Aid Equation
40 Years of Training Champions for Christ
Scholarships
Institutional & Outside
Aid
GrantsFederal &
State
LoansStudent &
Parent
Employment
Federal Work Study
Financial Aid