Financial AidFinancial Aid All 12All 12thth grade grade

students are students are encouraged to encouraged to complete the fafsa!complete the fafsa!

The application is The application is completed on-line completed on-line at at www.fafsa.ed.govwww.fafsa.ed.gov

The fafsa can be The fafsa can be completed starting completed starting January 1January 1stst..

Financial Aid Financial Aid ApplicationsApplications

FAFSA: FAFSA: Free Application for Federal Student Free Application for Federal Student AidAid

Cal Grant Verification FormCal Grant Verification Form CSS ProfileCSS Profile

FAFSAFAFSA

www.fafsa.ed.govwww.fafsa.ed.gov www.pin.ed.govwww.pin.ed.gov January 1-March 15, 2014January 1-March 15, 2014 Download PDF version:Download PDF version:

www.FederalStudentAid.ed.govwww.FederalStudentAid.ed.gov

Cal Grant VerificationCal Grant Verification

School Calculates GPA: School Calculates GPA: www.csac.ca.govwww.csac.ca.govElectronically/paperElectronically/paper

LAUSD submits all LAUSD submits all students’ GPAs to students’ GPAs to EdFund automatically in EdFund automatically in February of a student’s February of a student’s 1212thth grade year. grade year.

CSS ProfileCSS Profile

The PROFILE form is administered by the The PROFILE form is administered by the College Scholarship Service (CSS), the College Scholarship Service (CSS), the financial aid division of the College Board. financial aid division of the College Board. The CSS PROFILE is required by many The CSS PROFILE is required by many private colleges and universities to private colleges and universities to determine your eligibility for non-determine your eligibility for non-government financial aid, such as the government financial aid, such as the institution's own grants, loans and institution's own grants, loans and scholarships. scholarships.

More specialized and detailed financial aid formsMore specialized and detailed financial aid forms

Submission datesSubmission dates: The CSS PROFILE can be : The CSS PROFILE can be submitted in the fall; FAFSA cannot be submitted submitted in the fall; FAFSA cannot be submitted before January 1. before January 1.

Specific questionsSpecific questions: The CSS PROFILE contains : The CSS PROFILE contains questions specific to the school or program you're questions specific to the school or program you're applying to; FAFSA contains the same questions for applying to; FAFSA contains the same questions for everyone. everyone.

Different methodologyDifferent methodology: The CSS PROFILE : The CSS PROFILE determines your financial need differently than the determines your financial need differently than the FAFSA, taking into account such factors as whether FAFSA, taking into account such factors as whether your family owns a home. In general, the CSS your family owns a home. In general, the CSS PROFILE asks for more detailed information than PROFILE asks for more detailed information than FAFSA. FAFSA.

CSS vs. FAFSACSS vs. FAFSA

You can complete the You can complete the CSS PROFILE online CSS PROFILE online

profileonline.collegeboard.comprofileonline.collegeboard.com. .

Minimum student contributionMinimum student contribution: The CSS : The CSS PROFILE requires this; the FAFSA doesn't. PROFILE requires this; the FAFSA doesn't.

Greater reliance on professional judgmentGreater reliance on professional judgment: : The CSS PROFILE gives financial aid counselors The CSS PROFILE gives financial aid counselors greater freedom to grant aid based on a student's greater freedom to grant aid based on a student's particular circumstances. particular circumstances.

CostCost: CSS PROFILE costs $5 plus $18 for each : CSS PROFILE costs $5 plus $18 for each school or scholarship program selected; the school or scholarship program selected; the FAFSA, as the name implies, is free. FAFSA, as the name implies, is free.

Cost of Higher Cost of Higher EducationEducation

Cost of school =Cost of school =

TuitionTuition BooksBooks FoodFoodHousingHousing ExpensesExpenses

Need =Need = Cost Cost - EFC- EFC ------------------------------

NeedNeed

GrantsGrants

Free Money from the Free Money from the GovernmentGovernment

Need-BasedNeed-Based State and Federal Grants State and Federal Grants

availableavailable Between $500-9,700Between $500-9,700 Higher the GPA, Lower the Higher the GPA, Lower the

family income = more family income = more grantsgrants

Federal Work StudyFederal Work Study

Jobs/work on campus Jobs/work on campus that are included into that are included into financial aidfinancial aid

Usually paid more than Usually paid more than minimum wageminimum wage

Schedule work around Schedule work around students’ class schedulestudents’ class schedule

LoansLoans Money you pay backMoney you pay back Several Types:Several Types:

-Subsidized Stafford Loan-Subsidized Stafford Loan -Unsubsidized Stafford Loan-Unsubsidized Stafford Loan -Perkins Loan-Perkins Loan -Parent PLUS Loan -Parent PLUS Loan