Scholarship Foundation Of Santa Barbara FINANCING YOUR EDUCATION.

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Transcript of Scholarship Foundation Of Santa Barbara FINANCING YOUR EDUCATION.

Scholarship Foundation Of Santa Barbara

FINANCING YOUR EDUCATION

Why go to College?

o Gain new Knowledgeo Broaden your Horizonso Secure a better Futureo Better Job Opportunitieso Earningso Happy!

Attending college is an INVESTMENT. Higher Education is one of the BEST decisions a person can make.

Unemployment Rate (%) Earnings Per Year

$24,492

$33,904

$40,820

$55,432

$67,600

$84,448

12.4

8.3

6.2

4.5

3.5

2.5

2.1 Professional

Doctorate

Masters

Bachelors

Associate

HS Diploma

No HS

US Department of Labor Statistics 2012

Why go to College?

Options:

Pathways to Higher Education

High School

Community College

University

CSU

UC

Private

o 112 Campuseso Cost of Attendance: $6,000-$17,000 per yearo Degrees/Services

o Concurrent Enrollmento Technical or Vocationalo Associate Degrees A.A./A.S.o Transfer Programs

Community Colleges

Philosophy

California State University

Known for teaching strategy to be more “Hands On”. Focus is on Bachelor’s & Master’s degrees with a variety of majors available.

University of California

Philosophy Known for teaching strategy to be Theory-based. Primarily known for research disciplines with grad schools attached either in Business, Law or Medicine

◦ Economics◦ Social Sciences◦ English◦ Pre-Med◦ Pre-Law, etc

Pop QUIZ

True or False: If you get a Bachelor’s degree, you will earn $1.5 million dollars more by the time you retire?

TrueBack

POP QUIZ Question: The number of California State University (CSU) campuses?

a. 10 c. 13

b. 23 d. 33

b.23

Back

Pop Quiz

Question: The number of University of California campuses?

a. 8 c.4

b. 15 d.10

d. 10Back

POP Quiz True or False: You can attend a community college and transfer to a 4-year university, but it will take you a total of 6 years to receive your Bachelor’s Degree.

False

Back

CSS/Financial Aid PROFILEo Application opens:o Oct. 1, 2014

o Apply for nonfederal financial aid from almost 400 colleges

o Application fees:o Initial application + 1 college or program $25o Additional reports $16

COLLEGE BOARD

student.collegeboard.org

Participating Institutions & Programso The following colleges, universities and scholarship programs use PROFILE,

Noncustodial PROFILE, and/or IDOC

COLLEGEBOARD

profileonline.collegeboard.org

COLLEGEBOARD

css.collegeboard.org

CSS/Financial Aid PROFILE

o Most are NOT accredited colleges/universitieso Degrees earned are often not favorable to employerso Units may not transfer to other colleges.o Greater DEBT!!!

“For-Profit” College = Beware

http://www.cbsnews.com/video/watch/?id=6838088n

COST OF ATTENDANCE

INCLUDES ALL DIRECT & INDIRECT COSTS

Community College

CA State University

University of CA

Private

$10,000 $24,000 $32,000 $55,000

COST OF ATTENDANCEUC SANTA BARBARA Undergraduate ON Campus

Residential HallsUndergraduate OFF Campus

Tuition & Fees $13,746 + 126 (Loan Fees) $13,660+ 126 (Loan Fees)

Books And Supplies $1,444 $1,444

Health Care Allowance $2,414 $2,414

Room and Board $13,805 $7,165 + 2,560 (Food)

Personal Expenses $1,789 $1,830

Transportation $853 $1,239

Total $34,177 $30,524

COLLEGE SCORECARD

o Search for colleges o Affordabilityo Value

collegecost.ed.gov

HOW CAN I PAY FOR COLLEGEAPPLY SENIOR YEAR

FINANCIAL AID

Outside Agency

Aid

StateAid

College-Based Aid

FederalAid

STUDENT AID

Federal Aid• Application opens

on:• January 1

• Application deadline:• March 2

fafsa.ed.gov

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Income

25

Assets

Federal Aid Types

Up to $5,740*

Average$1,200-1,600

Up to $4,000

LOANS

Federal Pell Grant

Work-Study

Federal Supplemental Education Opportunity Grant (FSEOG)

Federal Loans

Federal Aid Available for up to 6 Years.

Federal Pell GrantMaximum Award:

$5,740 yearly

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Work- Study

Provides a part-time job for students with financial need

Funds are on a first come, first served basis. APPLY TO FAFSA EARLY!!!

On Campus job

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Federal Student Loans Federal Perkins Loan:5% interest Borrower is NOT responsible for interest while enrolled.

Direct Subsidized Loan: 4.66% interest Borrower is NOT responsible for interest while enrolled.

Direct Unsubsidized Loan:4.66% interest Borrower IS responsible for paying interest while enrolled.

State Aid

STUDENT AID

OR

dream.csac.ca.gov

CA Dream Act - Application

Whose info goes on a FAFSA/CA Dream Act app.?THE FAFSA & CA DREAM ACT APPLICATIONS NOW USE RELATIONSHIP OF PARENT TO STUDENT, VS. LEGAL RELATIONSHIP BETWEEN PARENTS FOR BASIS OF COLLECTING INFO

Relationship of Student to Parent Include ONE OR BOTH PARENTS?

Parents married, living together BOTH

Parents not married, living together BOTH

Parent is widowed, not remarried ONE

Parents are divorced or separated, not living together

ONE (include the parent the student lived with most during the last 12 months. If equal time, include the income from the parent who provided most of the student’s financial support during the last 12 months)

Parent and step-parent, living together BOTH

Legal guardians* NEITHER

Foster Parents* NEITHER

Grandparents, brothers, sisters, uncles, or aunts*

NEITHER

“Parent” means biological/adoptive parent – gender of biological or adoptive parents is not relevant.*Students living with legal guardians, foster parents, or relatives are usually considered to be independent students.

STATE AID: Cal Grants

A

B

C

Cal Grant

3.0

2.0

Vocational/Technical

STUDENT AID

A. $5,472 or $12,192

B. $1,473

C. $ 547 to 2,462

State Aid Available for up to 4 Years.

STUDENT AID

Cal Grants You can receive up to:Cal Grant A3.0 high school GPA required

• $12,192 at UC• $5,970 at CSU• $9,084 at qualifying Private CA colleges • If you attend a California Community College, your

grant is held in reserve until transfer

Cal Grant B2.0 high school GPA required

• $1,473 living allowance for your first year, plus tuition and fee award beyond first year in the same amounts as Cal Grant A

Cal Grant Transfer Entitlement Award2.4 community college GPA requirement

• Same as Cal Grant A or Cal Grant B

Webgrants

STUDENT AID

• Check the status of your state aid including your Cal Grant

• Make changes to your school• Leave of Absence• Update your information

webgrants4students.org

Middle Class Scholarship

STUDENT AID

Who Qualifies:• New, transfer and returning undergraduate students• Family income up to $150,000 who may not qualify for the Pell

Grant

How much:• Students whose families earn up to $100,000/yr. are eligible for

up to a 40% tuition/fee discount

College/Institutional Aid

STUDENT AID

Blue and Gold Opportunity Plan

STUDENT AID

Who Qualifies:• US Citizens, Permanent Residents &

AB 540 eligible students• Family income up to $80,000

Cover what Expenses:• UC’s system wide tuition and fees $12,192

Community College BOG=Board of Governor's Fee Waiver Covers Tuition for students go qualify.

Outside Agency: SCHOLARSHIPS College and Career center

◦ There’s a list of scholarships

WHAT THEY LOOK AT:◦ Grades◦ Challenging courses: Honors, AP, and

college classes through COLLEGE NOW

◦ Club involvement◦ Community Service◦ Part-time Job◦ Sports◦ Leadership Roles/Initiative◦ Your background

STUDENT AID

Scholarship Foundation of Santa Barbara

STUDENT AID

• General Scholarship & Loan Program

sbcholarship.org

Scholarship Foundation of SB

STUDENT AID

• Student must attend at least 4 years between grades 7-12 in a SB County school

• Attend college or university full-time.• US Citizen, Permanent Resident, AB540 Eligible

students

DON’T FORGET…

You must RE-apply

every year!

TIPS◦Follow-up with the Financial Aid Office◦Check deadlines◦Ask for letters of Recommendation RIGHT NOW!◦Ask for Help when you need it!◦Don’t PROCRASTINATE!!!

Stay connected

Pop Quiz Question: When is the FAFSA/CA Dream Act application available?

a. January 1b. January 31c. January 2 d. March 2

a. January 1

Pop Quiz When could you apply to the Scholarship Foundation of Santa Barbara?

a. Your senior year only c. Freshman year in college

b. All the years in college only d. Senior year through College

d. Senior year through College

Back

Pop Quiz What is minimum Grade Point Average to apply to the Scholarship Foundation?

A. 2.8

B. 3.0

C. 3.5

D. 2.0

d. 2.0

Pop QUIZ Question: What is the average scholarship amount from the SFSB for a student going to a 4 year university?

a. $1,500-$2,000 c. $2,700-$5,000b. $1,000-$3,000 d. $2,800-$3,500

C. $2,700-$5,000

Pop Quiz Question: How much money did the Scholarship Foundation award in Student Aid?

a. $2 million c. $5.2 million

b. $7.5 million d. $ 8.6 million

d. $8.6 million

Back

Pop Quiz True or False: The General Eligibility for The Scholarship Foundation of Santa Barbara are applicants must:

-U.S citizen, Permanent resident, or AB540

-attended at least 4 of the six years in grades 7-12 at a Santa Barbara school

-attend college full-time

TRUEBack

QUESTIONS ??? FREE Financial Aid Advising!

Scholarship Foundation of Santa Barbara

120 E Jones Street Ste. 100 Santa Maria, CA 93454 (805) 687-6065

Contact the Financial Aid Office!