Financial Aid and Scholarship

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28 Οκτ 2013 (πριν από 3 χρόνια και 9 μήνες)

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Financial Aid and Scholarship

Seminar for Parents

Christy Baker, Counselor

Greg Smith, Counselor

Overview of Seminar


3 types of financial aid


FAFSA


A+ Program


Midwest Student Exchange Program



The Financial Aid Pie

3 types of aid




Gift Aid


Typically Do Not Have to be Repaid


Grants


Scholarships



Loans


Work Study



Gift Aid

Grants

-
Accessed by completing the Free Application for Federal



Student Aid (FAFSA)


Federal Pell Grant:


-
Need Based


-
Award ranges from $0
-
$5500 per year


-
Must be enrolled at least ½ time and in a program that leads to a
degree or certificate


Gift Aid


Grants


Federal Supplemental Educational Opportunity Grant (FSEOG):


* Exceptional Financial Need


*Receive Between $100
-
$4000


*Limited Funds




Gift Aid


Grants


TEACH Grant



A+ Program


State Grant



http://studentaid.ed.gov/PORTALSWebApp/students/english/grants.jsp


A+ Program


Two years free tuition at a Missouri
public community college or career
-
technical school (6 semesters


includes
summers)


Funding is dependent on continued
approval from the Missouri General
Assembly

A+ Eligibility


GPA at least 2.5


95% attendance over 4 years


50 hours of tutoring/mentoring


Good citizenship


Must fill out FAFSA


Boys must register for Selective Service


Class of 2015 must score proficient or
advanced on Algebra I EOC

A+ Mentor/Tutor Hours


Must be supervised by a school official


Immaculate Conception Grade School does
serve as a mentor/tutor sight


Can be done at summer school (limited basis)


Right Start Mentor hours count for A+


Students taking A+ as a class must turn in log
sheets monthly and complete other
assignments as required

Maintaining A+ Eligibility

After High School


Must be used within 4 years of high
school graduation


Maintain a 2.5 GPA on a 4.0 scale while
attending any post
-
secondary institution


Complete the FAFSA each year

Gift Aid


Scholarships


National


Fastweb
-
www.fastweb.com


Federal Student Aid Website


http://studentaid.ed.gov/PORTALSWebApp/students/english/scholarships
.jsp?tab=funding


St. Louis Graduates


http://www.stlouisgraduates.org/students
-
families/scholarships



“Local”


Institutional

Loans


Subsidized vs. Unsubsidized


Stafford


Subsidized or Unsubsidized


Currently at 3.4% interest (for Subsidized
Loans)


Has loan origination fees


1
st

year
---
$5500 max (only $3500 may be
subsidized)


6 month grace period

Loans


Perkins


Strictly need based


Subsidized


Limited funding
-
not every school
participates


5% Interest


No loan origination fees


$5500 per year max


9 month grace period

Loans and Work Study


PLUS Loan


Loan for parents


Private Education Loans



Work
-
Study


Part
-
Time


Minimum Wage


On
-
Campus

Midwest Student Exchange Program
(MSEP)


Allows non
-
resident students to receive
reduced tuition at MSEP participating
campuses


Over 140 colleges in 9 states participate


Illinois, Indiana, Kansas, Michigan, Minnesota,
Missouri, Nebraska, North Dakota, Wisconsin

Public Schools



Private Schools

150% of In
-
State Tuition



10% Reduction in Tuition


http://www.mhec.org/MidwestStudentExchangeProgram





Free Application for Federal Student Aid

(FAFSA)


www.fafsa.ed.gov


Available January 1st to June 30


Necessary for all need based aid


Calculates your Estimated Family Contribution
(EFC)


Qualifies you for federal, state, private and
institutional aid


It is 100% Free!!!!!!

FAFSA


What needs to be done?


Now:


Apply for a PIN


www.pin.ed.gov


Fill out the FAFSA on the Web worksheet
(optional)


January 1
st


Submit tax return early


Gather needed documents


SSN, DL, W
-
2, Tax returns, Bank Statements, etc.

FAFSA


What needs to be done?


Know the deadlines


ECC priority deadline is March 1
st


Missouri’s deadline is typically April 1
st


Submit the FAFSA ASAP


After Submitting


Will get a Student Aid Report (SAR)


Contact the Colleges Financial Aid Department

Private or Public?


Don’t be scared away by sticker shock


Class size


Opportunities for research

Resources


Financial Aid


FAFSA


www.fafsa.ed.gov


www.pin.ed.gov


Scholarships


www.fastweb.com


https://studentaid2.ed.gov/getmoney/pay_for_college/types_scholarshi
ps.html


http://union.k12.mo.us/UHS/guidance.html


http://www.stlouisgraduates.org/students
-
families/scholarships


Loans


http://www.finaid.org/loans/studentloan.phtml


http://studentaid.ed.gov/PORTALSWebApp/students/english/parentloan
s.jsp

Resources


Financial Aid


East Central College


http://www.eastcentral.edu/stuserv/finaid/ApplyingForFA.html


http://www.eastcentral.edu/stuserv/finaid/FullFAandSGuide09.pdf


Other


http://studentaid.ed.gov/PORTALSWebApp/students/english/PellGrants
.jsp?tab=funding


http://studentaid.ed.gov/PORTALSWebApp/students/english/index.jsp


MSEP Program


http://www.mhec.org/MidwestStudentExchangeProgram


Resources


College/Career Exploration


http://www.bls.gov/oco/


https://studentaid2.ed.gov/xap_pack/Default.asp


http://www.college.gov/wps/portal


http://www.petersons.com/


http://www.missouriconnections.org/


http://www.khake.com/page51.html



Resources


ACT Preparation


www.actstudent.org


http://www.testprepreview.com/


Study Guides located in the guidance
department


ACT Workshops
-
Check in the guidance
office

Questions?