Financial Aid Night - Soldotna High School · Financial Aid Night Margaret Griffin, Last Names A-K,...
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Financial Aid Night Margaret Griffin, Last Names A-K, 907-260-7073 [email protected] Maria Calhoun, Last Names L-Z, (sub for Neisinger), 907-260-7074 [email protected] Erin Neisinger, Last Names L-Z, 907-260-7074 [email protected] Megan Murphy, Interventionist 907-260-7059 [email protected] SIGN UP for REMIND! TEXT: @sohi2017, @sohi2018, @sohi2019, or @sohi2020 to 81010
Transcript of Financial Aid Night - Soldotna High School · Financial Aid Night Margaret Griffin, Last Names A-K,...
Financial Aid Night
Margaret Griffin, Last Names A-K, 907-260-7073 [email protected]
Maria Calhoun, Last Names L-Z, (sub for Neisinger), 907-260-7074 [email protected]
Erin Neisinger, Last Names L-Z, 907-260-7074 [email protected]
Megan Murphy, Interventionist [email protected]
SIGN UP for REMIND! TEXT: @sohi2017, @sohi2018, @sohi2019, or @sohi2020
to 81010
Timelines
• Sophomore Timeline
–Career exploration/planning, 4-year plan, PSAT
• Junior Timeline
–Career exploration, college/postsecondary training search, PSAT/ACT/SAT
• Senior Timeline
–College application, scholarships, financial aid
For more information, see Postsecondary Advising Guide (p. 2-4)
www.collegeboard.comhttp://www.collegeboard.com/student/plan/action/index.html
Types of Postsecondary Options
1. Apprenticeship Programs
2. Flight Schools
3. Career, Technical, Vocational
4. Community College/Junior College
5. 4 year College/University
For more info: Postsecondary Advising Guide (p. 5 & 32)
Considerations
• Admissions Requirements
• Programs offered
• Size and location
• Cost and financial aid • Housing
• Employment rate
For more info: see Postsecondary Advising Guide (p. 6-8)
Types of Costs
• Direct Costs (2014-2015 average: $23,372)
– Tuition (cost of classes)
– Fees (library, parking, rec center, health center)
– Books and Supplies (computer, books)
• Indirect Costs
– Room and Board (dorm, apartment, shared house)
– Other (car/gas, coffee, movies, cell phone, hair cuts, travel home, etc.)
Cost of Attendance =Institution/School Expense
+ Living Expense
is used to determine your financial need
Types of Financial Aid
• Scholarships
– Free money!!
• Loans
– Borrowed money (must pay back)
• Grants
– Free money via state and federal programs
• Employment
– Work Study for decreased tuition
Scholarship Portfolio & Applications
• Check Gmail/Counselors Corner for Portfolio Template (aka Academic Resume)
• Each scholarship has its own application process. (Completing Scholarship Portfolio does not automatically mean that you’ve applied for anything).
• Check Gmail for applications from Ms. Treider
• Search on numerous scholarship websites (see Counselor’s Corner)
• Apply, Apply, Apply!!!
For more info: see Postsecondary Advising Guide (p. 23 & 28)
Scholarship Search
• Helpful Websites:www.highfivescholarships.comwww.fastweb.comwww.petersons.comwww.freschinfo.comwww.finaid.orgwww.cappex.comwww.brokescholar.comwww.edfund.orgwww.alaskaadvantage.state.ak.uswww.scholarships.comwww.bigfuture.orgwww.chegg.comwww.nerscholar.com Google!
www.fastweb.com
http://www.kpbsd.k12.ak.us/
Financial Aid Sort
Make sure you’re eligible:
Alaska Performance Scholarship (APS)http://acpe.alaska.gov
WUE (Western Undergraduate Exchange) www.wiche.edu/wue
16 Western States (AK, WA, OR, ID, CA, NV, MT, WY, UT, AZ, CO, NM, ND, SD, HI, and AS and G)
WUE (Western Undergraduate Exchange) www.wiche.edu/wue
• 16 Western States– AK, WA, OR, ID, CA, NV, MT, WY, UT, AZ, CO, NM, ND,
SD, HI, and CNMI includes AS and G)
• 150 institutions
• 150% of in-state tuition
• Application process varies
• Each school determines own academic requirements (GPA, test scores)
• Some high demand majors might not offer WUE(e.g. nursing)
• Limited funding: file FAFSA and apply early!
FAFSA(Free Application for Federal Student Aid)
• Apply ONLINE: www.fafsa.gov
• Apply EARLY: Opens October 1ST
• Based on prior year tax information (2015)
• Update every year
• MUST fill out for APS, loans, and some scholarships with your institution
• Watch instruction videos on Federal Student Aid YouTube channel
www.fafsa.gov• FEDERAL
– SAR (Student Aid Report) tells what you qualify for based on EFC (Estimated Family Contribution). SAR not an offer of aid.
• STATE– State grants, loans, APS
• INSTITUTION– May require verification if you don’t use the IRS Data
Retrieval Tool.
• AWARD LETTER from your institution includes scholarships, loans, and need-based aid based on demonstrated financial need. Negotiable, and you don’t have to accept any of it.
• Check eligibility progress in the Alaska Student Aid Portal.
Financial Aid Literacy
• Federal Grants
– Pell Grant
• Full time students EFC <$5,235
• Part time students EFC<$4,701 max of $5,815
• Students with an EFC of $0
• Must maintain Satisfactory Academic Progress (SAP)
– Federal Student Educational Opportunity Grant (FSEOG)
• Pell-eligible students take priority, limited funding and not available at all schools, up to $4,000
Financial Aid Literacy
State Grants• AlaskAdvantage Education Grant
– In-state
– Needs-based
– $500-$3,000
– Must maintain SAP
– Priority fields are Health Sciences, Social Service, Teaching, Process Industry, Natural Resource Extraction
Financial Aid Literacy
• Loans (borrowed money)– Federal is needs-based (subsidized direct loan vs.
UN-subsidized direct loan, Perkins loan, direct PLUS loan)
– State is not needs-based (Alaska Supplemental Education Loan (ASEL), Family Education Loan)
– Career Specific• Federal TEACH Grant becomes a loan if you don’t fulfill
the requirements
• State A.W. “Winn” Brindle Memorial Education Loan is fisheries-related
Other Financial Help
• American Opportunity Tax Credit– Max of $2,500
– <$80,000 or <$160,000 if married/filing jointly
• Lifetime Learning Tax Credit– Max of $2,000
• Deductions for certain expenses
• Check IRS Pub 970
• Repayment based on income
• Loan consolidation
The Process
Award is
offered
Accept/ Decline/
Negotiate
Loan counsel-
ing
Master promissory
note
Go to college!
Financial Aid Myths
• I don’t have a “4.0” so I won’t get any scholarships.
• My family’s income isn’t low enough to qualify.
• My parents have already saved a lot for my college education, so we won’t get any aid.
• My older brother/sister wasn’t eligible for financial aid last year, so I won’t be eligible either.
• I’m only going to college part time, so I’m not eligible.
• I’m not a U.S. Citizen, so I don’t qualify.
Upcoming EventsFall/Spring Post Secondary Planning Night (AKA Senior Night)Come find out about college search resources, junior/senior timelines, federal/state financial aid programs, funding for postsecondary education goals, loans, and more!
DATE: Tuesday, September 13, 2016 @ 6pm in SoHi Library…Spring 2017 TBA
Financial Aid Night Come find out about FAFSA, other types of financial aid, grants, loans, and scholarships. KPC will be a special guest speaker!
DATE: Tuesday, September 27, 2016 @ 6PM in SoHi Library.
College Goal FAFSA Completion WorkshopsApply for the FAFSA! Bring 2015 tax information!
DATE: Oct 6th & Nov 1st @ 6pm in SoHi Room 24
Sixth Annual College and Career Fair at the Soldotna High SchoolJuniors and Seniors are strongly encouraged to attend. Sophomores may attend on a space available basis. Representatives from over 40 colleges will be available to answer questions and provide information.
DATE: October 18, 2016 TIME: 10:00am to 1:00pm WHERE: SoHi Gym
Thank you for attending!
Questions?
Soldotna High Counseling Department• Margaret Griffin, Last Names A-K, 907-260-7073, [email protected]
• Maria Calhoun, Last Names L-Z (sub), 907-260-7074, [email protected]
• Erin Neisinger, Last Names L-Z, 907-260-7074, [email protected]
• Megan Murphy, Interventionist, 907-260-7059, [email protected]
• Nelma Treider, Counseling Registrar, 907-260-7072, [email protected]
