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You CAN Afford You CAN Afford CollegeCollege
Felice RollinsThe College Place – Northern
Virginia
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What is Financial Aid?
Financial aid refers to funds provided to students and families to help pay for postsecondary educational expenses
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Expected Family Contribution (EFC)
Amount family can reasonably be expected to contribute, but not what the family will pay to the college
EFC is the same regardless of what college you attend
Two components: Parent contribution Student contribution
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What is Financial Need
The difference between the cost of attendance and the EFC
Need will vary based on cost of different colleges
Your financial need determines how much aid you may receive Colleges may not be able to offer enough aid to meet your financial need
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Types of Financial Aid
Scholarships
Grants
Loans
Employment
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Federal Aid
The student must be one of the following to receive federal financial aid:U. S. citizenU. S. nationalU. S. permanent resident (I-151, I-551, I-551C)Possess an I-94 with designation refugee,
asylum granted, Cuban-Haitian Entrant, Victim of human trafficking, or parolee
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Free Application for Federal Student Aid
(FAFSA) A standard form that collects
demographic and financial information about the student and family
Should be filed electronically Available in English and Spanish For 2012-2013 academic year, the
FAFSA may be filed beginning January 1, 2012
Colleges may set FAFSA filing deadlines
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ScholarshipsMoney you can earn based on your
academics, athletics or other skillsFinding scholarships is a process
which requires organization and dedication
Scholarships can make the difference between where you WANT to go and where you HAVE to go
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What else can you do?Talk to your family about
your desire to attend college
Research college costs
SAVE, SAVE, SAVE!!!
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THANK YOU!
The College Place – Northern Virginia
13895 Hedgewood Drive, Suite 225Woodbridge, VA 22193
703.680.3729www.ecmcfoundation.org