powerpoint presentation · (208) 426-3572 jbu@boisestate.edu education.boisestate.edu/trio...

(208) 426-3572

jbu@boisestate.edu

education.boisestate.edu/trio

2015-2016

Gift Aid

❖ Scholarships and grants offered by the

college, you high school and or private

groups, businesses, organizations.

Federal Financial Aid Self-Help Aid to be

applied through / on the FAFSA. Free Application for Federal Student Aid)

❖ Grants ( Often call the Pell Grant)

❖ Work study employment

❖ Loans

Check with the college and or organization to see if

the scholarships you receive are renewable and if so,

what the criteria is for renewal each year! There

maybe GPA and other specific requirements.

❖ Academic (Merit-based)

❖ Low income (Need-based)

❖ Athletic (academics still a

primary factor for selection)

❖ High School/college involvement

❖ Minority/ethnic based

❖ Talent (portfolio or audition)

❖ Competition Day

Participating States

❖ A tuition reduction

program for entering

freshman

❖ Pay only 150% of in-state

tuition for out-of-state.

❖ Saves $5,000 - 9,000/year

for 4 years

❖ First come first serve

What is WUE?

Click Here for More information

❖ Contact your

❖ Counselor

❖ Employers (student/parents)

❖ Affiliations (students/parents)

❖ Community Service Organizations

❖ Local Businesses

❖ Civic Organizations

❖ Search online

❖ Application Deadlines VARY

Your

Support System

❖ .

❖ .

❖ .

❖ .

❖ .

❖ .

❖ Idaho Board of Education

❖ (State of Idaho)

❖ Deadline: February 15th,

2014)

❖ Idaho CIS

❖ (username: trio,

password: bsu)

❖ “Get Help Paying for

School: Financial Aid

Sort”

❖ The Lightfoot Foundation

Scholarship

❖ Treasure Valley students of any

ethnicity

❖ Total household income less

than $90,000

❖ US Citizen or Legal Permanent

Resident

❖ Minimum GPA requirements

❖ Due April 15th of senior year

❖ Lightfoot Scholarship

Application Site

❖ Education tab

❖ Hispanic Scholarship

Fund (HSF)

❖ Due Jan. 31st

❖ United Negro College

Fund (UNCF)

❖ Eligibility Criteria:

❖ Family origin from Far East,

Southeast Asia, the Indian

subcontinent or Pacific Islander,

African American, Hispanic,

Native/Alaskan American

(enrolled with tribe)

❖ Min. overall GPA of 3.3 (grades 9-

11)

❖ US Citizen or Legal Permanent

Resident

❖ Be Pell Grant Eligible (use

FAFSA4caster)

❖ Selected on: Academic Rigor,

Leadership, & Community

Service (especially in student’s

own cultural community)

❖ Full Cost-of-Attendance for 5

years undergraduate and for

certain graduate school programs

❖ Due Wednesday, January 14,

2015

❖ 11:59 pm EST deadline

❖ 9:59 in Boise, Idaho MTN

More information and Application HERE!

• Dec 31: Dr. Juan Andrade Jr. Scholarship for Young Hispanic Leaders

• Jan 1: Hispanic Scholarship Fund opens

• Jan15: Gates Millenium Scholarship

• Jan 15: Dell Scholarship

• Jan 19: Colgate-Palmolive Scholarship-hispanics only

• Feb 15: Jackie Robinson Education and Leadership Development Program-minorities

• Feb 15: Governor’s Cup

• Feb 15: Promise Category A Scholarship

• Feb 28: Buick Achievers?

• Mar 1: Opportunity Scholarship

• March 1: Idaho Power Scholarship for Academic Excellence https://www.idahopower.com/newscommunity/community/scholarships/default.cfm

• March 1: Hispanic Business Association Scholarship

• March 15: Alois and Marie Goldmann Scholarship-Idaho Community Foundation-Holocaust

• March 15: Hewlett-Packard Scholar Award

• March 16: Minorities in Engineering: http://www.nacme.org/scholarships#PreEngScholarships

• April 1: Mike Crapo Math and Science Scholarship

• April 1: Community Council of Idaho http://www.communitycouncilofidaho.org/home

• April 15: Lightfoot

• April 30: Great Minds in STEM-Hispanics in STEM

• May 1: Tracy Foundation http://www.treacyfoundation.org/index_files/Page483.htm

• May 1: Hispanics in STEM Scholarship http://www.shpefoundation.org/scholarships/ahetems-general-scholarships/

❖ Never pay any fees for application or processing

❖ Never give credit card or bank account information

❖ Confirm that scholarship has contact information

❖ Never trust these claims:

❖ “Guaranteed scholarship or your money back…”

❖ “You can’t get this information anywhere else...”

❖ “We’ll do all the work for you...”

❖ “Exclusively offered to you...,” You’re a finalist!” or

“You’ve been selected…”— when you’ve never applied

❖ Information at Federal Trade Commission

❖ Provides funding to support job/skills

training and employment services

❖ Eligibility:

❖ Are you a US citizen or eligible to

work in the US.?

❖ Are you a high school drop out or

at risk of dropping out?

❖ Are you a pregnant or parenting

youth?

❖ Are you a foster child?

❖ Are you disabled or struggling

with a learning disability?

❖ Are you homeless or a runaway?

❖ Are you an offender?

❖ Are you a food stamp recipient?

❖More information at:

Idaho Department of

Labor:

❖ Boise: 332-3570

❖ Canyon County: 364-7781

❖ Meridian: 364-7785

All of the following grants are applied for by

completing the FAFSA

(Free Application for Federal Student Aid)

❖Eligible students

❖Undergraduates pursuing their FIRST bachelor’s degree OR

❖Licensing program at a “FAFSA-accredited” college

❖Award amount based

❖Cost of Attendance (COA)

❖Expected Family Contribution (EFC)

❖Enrollment status (pro-rated part-time to full-time unit status)

❖Typically, a family with children who qualify for free or reduced lunch would receive a Pell

Grant, including certain larger families with incomes up to $50,000/yr.

❖ Max annual award for 2015-2016: $5,720/year

❖ May receive for 6 Full-time Equivalent Years, excluding summers

Click Here for More Information

❖ Eligible students

❖ Awarded first to students with

exceptional financial need

(i.e., students with the lowest

EFCs at that school)

❖ Priority to Federal Pell

Grant recipients

❖ Annual award amount

❖ $100 minimum to $4,000

maximum/year

❖ Typical award: $500-

$2,000/year

Click Here for More Information

❖ Eligible students

❖ Undergrad or grad school

❖ U.S. citizen or eligible non-citizen

❖ Enrolled in teaching-related courses

❖ Meet academic requirements such as:

75%-tile on college admission test & 3.25

college GPA

❖ Sign a “Teach Grant Agreement to Serve”

❖ Teach at least 4 years within 8 years of

completing college at a designated low-

income school listed at: www.tcli.ed.gov

❖ High-Needs Fields:

❖ Bilingual Education, English Language

Acquisition, Foreign Language,

Mathematics, Reading Specialist, Science,

Special Education

❖ Teacher shortage areas identified here:

www.ed.gov/about/offices/list/ope/pol/tsa

.doc

❖ Annual award amount—

Up to $4,000/year

❖ Failure to comply with Teach Grant

rules may result in the grant

amounts, along with accrued interest

from the initial grant award date, to

be permanently converted to a loan

with interest.

Students who have Work Study jobs or on campus jobs

are more likely to stay in school and graduate. You

must have need (meaning qualify for a Pell grant) to

qualify for a Work Study job but there are may other

jobs on campus that all student can apply for.

❖ Students eligible ❖ Undergraduate

❖ Graduate

❖ Employment ❖ On Campus

❖ Off Campus

❖Generally, 10-20 hours/week

❖ Part of financial aid package ❖ If requested on FAFSA

❖ Paycheck ❖ work-study is excluded from student’s income

FAFSA

❖Work-study income will not

lower the next year’s aid, as

will some regular job income.*

❖ *A student may earn up to $6,260/year of

regular job income that will not decrease

their aid award.

❖ Check “yes” on FAFSA for work-study, accept work-study employment if offered, or, if not offered, check with financial aid office to see if you might be eligible as part of aid package!!!

If you are planning to work more than 10-15 hours a

week consider a student loan. Student’s who work

less and attend school full time are more likely to

graduate on time. They are more likely to enter the

work force with a degree that will help them earn

enough to pay back loans for up to10 years. Or apply

for a loan forgiveness program based on your degree.

❖ Fixed interest rate: 5%

❖No loan origination fee

❖ Government subsidizes

(pays) interest while in

school

❖Nine-month grace period

❖Repayment period may be

up to 10 years

❖Deferment and cancellation

provisions available

❖Maximum annual loan

amount

❖ Up to $5,500/yr for undergraduate

students

❖ Up to $8,000/yr for graduate and

professional degree students

❖ Eligibility Requirements

❖ Undergraduate or graduate

students

❖ Priority to students who show

exceptional need as determined

by FAFSA and school

Click Here for More Information

School determines loan eligibility and delivers loan

proceeds to the student.

❖ Subsidized

❖ Government makes interest payments while student in college

❖ Must demonstrate “need” from FAFSA/EFC

❖Unsubsidized

❖ Student interest accrues & is capitalized while student in college

(interest payments may be made by student while in school)

❖ Financial need is not a consideration

See the difference:

• Six-month grace period

• Minimum payment: 10% of income

• Maximum repayment period: 10 up to 30 years

• Cancellation provisions available

• loan forgiveness after 10 years of on-time payments

• Deferment provisions available:

• Unemployment; Partial Disability

• Other documented hardship

• Peace Corp, Military or other public service

Teacher Loan Cancellation/Deferment • Teach in

• Low-income schools OR

• Subject-matter shortage areas

• Click Here for More Information

Nursing Education Loan Repayment Program • A competitive program that repays 60-85% of the qualifying loan

balances for RNs for 2-3 years of service at a critical shortage facility

• Click Here for More Information

How much do I get?

When do I get it? What is an E.F.C.—

Estimated Family Contribution.

• Student’s complete one FAFSA and list the

school codes for all colleges they are

considering.

• Determines Cost of Attendance at their college

• Determines student eligibility for financial aid

• Provides Aid “Package” to student

• Sends an award notification (online through student portal login or by mail) which includes:

• Student’s cost of attendance

• Student’s EFC

• Amount of student’s financial need

• Programs and amount of each program for which the student is eligible

• How and when aid will be disbursed

• Terms and conditions of student’s award

• Tuition and fees

• Tuition & Fees are typically the same amount for a full-time student taking 12 credits up to 17 credits, so it is a better value to take more units per semester & finish college sooner

• Room and board

• Books and supplies, equipment, transportation, and miscellaneous personal expenses, including documented costs for a personal computer

• Loan fees

• Study abroad costs

• Dependent care expenses

• Expenses related to a disability

• Travel expenses to & from home

COA of Full-time Student at BSU

Tution

Books

Room/Board

Transporation

Personal

Tuition and fees $6,000/yr

Health Insurance* $1,500/yr

Books and Supplies $1,500/yr

Transportation $1,500/yr

Personal Expenses $1,500/yr

Housing/Food**

+ $6,000/yr

Total 18,000/yr

*Health Insurance premium may be waived each term with proof of coverage by student or parent health insurance plan, or ACA.

**If student is lives at home--saves $5,000+ /yr

College Student Health Insurance requirements,

deductibles & premiums will change with new

ACA.

• Check with college for updates: • Not all ACA policies meet student insurance requirements!

• ACA open enrollment deadline for coverage in

2015 is February 15, 2015

• More Information at healthcare.gov

The EFC remains constant, however the

NEED varies with the Cost of Attendance

Student GPA (3.9+) (3.0+) (2.9-)

EFC $0.00 $0.00 $0.00

Academic Scholarships $6,000.00 $3,000.00 $0.00

Idaho Promise B $400.00 $400.00 $0.00

Pell Grant $5,720.00 $5,720.00 $5,720.00

SEOG $1,335.00 $1,335.00 $1,335.00

Work-Study $4,000.00 $4,000.00 $4,000.00

Student Loans $0.00 $3,000.00 $5,520.00

Added Funds and Loans $545.00 $545.00 $1,425.00

Total $18,000.00 $18,000.00 $18,000.00

Student GPA (3.9+) (3.0+) (2.9-)

EFC $3,000.00 $3,000.00 $3,000.00

Academic Scholarships $6,000.00 $3,000.00 $0.00

Idaho Promise B $400.00 $400.00 $0.00

Pell Grant $2,600.00 $2,600.00 $2,600.00

SEOG $0.00 $0.00 $0.00

Work-Study $0.00 $0.00 $0.00

Student Loans $5,500.00 $5,500.00 $5,500.00

Added Funds and Loans $500.00 $3,500.00 $6,900.00

Total $18,000.00 $18,000.00 $18,000.00

Student GPA (3.9+) (3.0+) (2.9-)

EFC $6,000.00 $6,000.00 $6,000.00

Academic Scholarships $6,000.00 $3,000.00 $0.00

Idaho Promise B $400.00 $400.00 $0.00

Pell Grant $0.00 $0.00 $0.00

SEOG $0.00 $0.00 $0.00

Work-Study $0.00 $0.00 $0.00

Student Loans $5,500.00 $5,500.00 $5,500.00

Added Funds and Loans $100.00 $3,100.00 $6,500.00

Total $18,000.00 $18,000.00 $18,000.00

• Ensure maximum eligibility for • Federal Aid

• State Aid

• College-based Aid

• Scholarships

**Check with admission and financial aid offices

• Submit all required • Application Materials

• Fees or Fee waiver

• High School Transcript

• SAT or/and ACT test scores

• All supplemental scholarship applications

**before Scholarship/Financial Aid priority deadline.

•Typically by Feb.1st or Feb.15th.

• Supplemental Financial Aid Application

• Required by 250 Selective Colleges

• Submitted in November or December before & in addition to FAFSA

• Application Fee Required

• on-line waiver is automatic, if qualified

• Up to 200 questions for

• custodial parent(s) households

• non-custodial parent households

• Click Here for More Information and College Profiles.

• Used to apply for • federal (Pell) grants

• state grant

• federal work-study

• student loans.

• FAFSA submission and SAR may be required for certain scholarship applications. • Apply on-line at: www.fafsa.gov

• Do NOT go to any .com website

• Do not pay for any FAFSA filing services

• Spanish language versions of FAFSA and IRS sites will be available

• Complete 2014 Federal Taxes before FAFSA due date, (Do not have to be submitted or paid yet) OR

• Estimate answers using • 2013 taxes

• 2014 W-2’s

• Other 2014 income info

**Complete 2014 taxes ASAP and make “corrections to processed FAFSA”

• “Save” your FAFSA info and log in repeatedly until it is completed and ready to submit.

• Submit online beginning January 1, 2015

• Before college’s priority financial aid deadline.

• Must apply for two (2) PINs:

• One student

• One parent* (who will be on the FAFSA)

• Needed Information:

• Social Security Number

• Legal Name (as written on Social Security card)

• Birth Date

• Address

• PIN is your electronic signature

• 4-digit PIN may be selected & used immediately

• Select a pin

• Security question & answer

* If neither parent has a valid Social Security number, a Signature Page must be printed, signed and mailed in.

A security ID number issued by the U.S. Dept. of Education

• Used as the student’s and parent’s electronic signatures and security access for: • Signing the FAFSA online

• Signing in the FAFSA website to obtain your SAR (Student Aid Report)

• Signing online corrections to the FAFSA

• Signing online promissory loan notes

• For access to loan balances and financial aid business during and after college

• Submit online at: www.fafsa.gov

• Make sure to sign with BOTH • Student PIN • Parent PIN

**If PIN cannot be obtained • Print Signature Page • Sign • Mail, immediately

• FAFSA will not process until BOTH signatures are submitted • Pin can be sent in later

• Expected Family Contribution (EFC) is estimated immediately upon submission

• FAFSA submitted online takes 2-3 days in processing. • Student Aid Report (SAR) is available for

• Review • Printing • Online corrections

STUDENT INFORMATION

Student name and social security number must be

exactly as written on social security card.

If wrong will have to re-do FAFSA

Get social security card corrected ASAP

Eligible noncitizens enter Alien Registration Number

9-digits or 0 + eight digits

Student Marital Status (including same sex):

Update immediately if a status change

May change amounts & types of aid awarded.

STUDENT INFORMATION

18 year old males should

register with Selective

Service

through FAFSA site (if

unregistered)

Drug conviction status

must be answered.

If “Yes”

Directed to separate

questionnaire

Select Full-time Student for full aid Full-time equals about 4

classes per term

Adjusted by the college, if not.

Select “Yes” for both work-study and student loans Know your eligibility

May choose to deny them later.

If the student cannot

check “Yes” to any of

the qualifying

independency items in

this section, then the

student is considered

“Dependent” and

Parent information

must be provided.

Generally, a student is DEPENDENT, unless they satisfy at least one of the following conditions:

o 24 years old

o Married

o Already completed a bachelor’s degree

o In active military duty or a veteran

o Have a child or dependent they support by at least 51%

o An orphan

o In foster care

o A ward of the court

o An emancipated minor

o Under legal guardianship

o An unaccompanied youth who was

o homeless

o self-supporting

o at risk of being homeless.

• These people are NOT parents, unless legally adopted.

• Grandparents

• Foster parents

• Legal guardians

• Older siblings

• Uncles/Aunts

• BOTH parents provide information

• Legal parent (of any gender combination) who are living together

• Legally married within any U.S. jurisdiction

• If parent is single, one parent provides info.

• If single parent has remarried, both parent and step-parent

provide information regardless of any prenuptial agreement.

• If parents are divorced or legally separated

• Parent household for FAFSA is identified if:

• Parent, the student has lived with more days over the past 12 months

• Parent who provided more financial support over the past 12 months

• Parent who provided more financial support during the year you lasted received any financial support from a parent

• Import your 2014 federal tax information • directly to the FAFSA

• Initial FAFSA application, when making

corrections, or for verification

• Available beginning in February

• 2014 taxes must already be processed by IRS

• Must have valid Social Security Number

• Must have unchanged marital status since

December 31, 2014

• Name and S.S. card must match exactly (Correct social security card ASAP if incorrect)

• Divorced/remarried parent information

• Income earned by parents/stepparents

• Untaxed income

• U.S. income taxes paid

• Household size

• Number of household members in college

• Net worth of investments (do NOT include retirement accounts or primary home)

• Net worth of businesses (only if over 100 full-time employees)

• Net worth of investment farm (do NOT include family farm you live on)

• www.studentaid.ed.gov

• www.nasfaa.org (Students & Parents section)

• www.finaid.org

• Warning ----Notice these are all .org or .gov sites

• A .com site may be a commercial business site and charge you money for information and help that is free.

Calculates your approx. EFC: Expected Family Contribution

fafsa4caster.ed.gov

(FAFSA4caster: an early estimate of your federal aid)

https:/bigfuture.collegeboard.org/pay-for-college/tools-calculators

(various EFC, cost and loan calculators)

www.finaid.org/calculators/finaidestimate

(various EFC, cost and loan calculators)

www.act.org/fane/

(financial aid need estimator)

• Admission Tests and Application Fees due at submission (fee waivers available-see counselor)

• The FAFSA, and scholarship app’s are FREE (Beware of scholarship scams!)

• Student Housing Deposit ($100-$300) is submitted A.S.A.P. with housing application in January-April.

• Tuition and Fees for each term are typically due a week before the start of each term. • Extended Payment Plans available • Apply to Waive health insurance fee if student is on

parent’s or their own plan

• Do not pay for any college-related services that you can obtain for FREE from your career counselor or others!

• FAFSA rules and definitions are different than those of the IRS

for Income Taxes • (for example, the student or household member on the FAFSA may not be a dependent on

your IRS tax form)

• Carefully read all “Helps & Hints” of the online FAFSA

instructions

• Do not pay a fee to file your FAFSA

• When filing FAFSA online, make sure you go directly to:

www.fafsa.gov • If you need help with the FAFSA or PIN:

• Call the toll free

• FAFSA Help-Line (English & Español) at: 1-800-433-3243

(208) 426-3572 Julie Bú

jbu@boisestate.edu

education.boisestate.edu/trio

2015-2016