Financial aid presentation
-
Upload
sjordan1573 -
Category
Documents
-
view
195 -
download
1
Transcript of Financial aid presentation
![Page 1: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/1.jpg)
College Admission testsS A T-college ($49)A C T-college ($49.50)C O M P A S S-technical ($10)
•When•Where•How
![Page 2: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/2.jpg)
Estimated cost of attending the following colleges or universities for the year in 2010:
• USCL $5624• Anderson University $27,500• Clemson University $24,285• Coastal Carolina $21,118• College of Charleston $19,569• USC $21,498• Winthrop $17,339• Lander $15,612• Wofford $40,580• Duke $53,390• Harvard $52,000
![Page 3: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/3.jpg)
So!Why do some
colleges cost more than others?
![Page 4: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/4.jpg)
Applying to college
• Which college-reach, match, & safety
• Be realistic with Financial Expectations
• College Admission deadlines
• College Admission requirements?
(do the “colleges of choice” requirements and the high school graduation requirements match?)
![Page 5: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/5.jpg)
SC requirements to graduate from High School- 24units
• English-4 units• U S History-1 unit• Economics-1/2 unit• Government-1/2 unit• Other Social Studies-1 unit• Mathematics-4 units• Science-3 units• Computer Science-1 unit• Phys Ed or JROTC-I unit • Foreign Language- 1 unit for college prep (your college requires
how many?) or Vocational-1 unit for tech prep• Electives-7 units
![Page 6: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/6.jpg)
A P courses
• Free or Nominal SC college credit
For making a 3, 4 or 5 on the AP testEach AP course worth around $1100-$1200
depending the cost of semester hours
• Helps prepare for the rigor of college courses
![Page 7: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/7.jpg)
What type college or University
• Large university-usually offers extensive and varied programs and cutting edge research
• Small private 4-year-commonly a liberal arts education and more personal interaction
• Technical or trade school-practical training and job skills
• Community College-2 years of general course work and associate degrees in certain fields
![Page 8: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/8.jpg)
Financial Aid
1st thing
FAFSA Free Application for Federal Student Aid
www.fafsa.ed.gov
![Page 9: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/9.jpg)
Prepare for FAFSA
• Fill out taxes early
• Fill out fafsa online
• Do not pay for fafsa
• Do not pay for firms to do fafsa for you
www.fafsa4caster.ed.gov
![Page 10: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/10.jpg)
Different types of Financial Aid
• Non-need based aidBased on student’s achievements or
characteristics
• Need-based aidAwarded to students who would not be able
to pay for postsecondary education using only their family’s financial resources.
![Page 11: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/11.jpg)
4 major types of financial assistance
• Grants-typically need based & depend on enrollment status-do not have to be paid back.
• Loans-to be paid back (some can be forgiven). Need or non-need based
• Scholarships- do not have to be paid back. Typically merit based
• Work-Study-students work on campus to help pay for college.
![Page 12: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/12.jpg)
Where does your family find information about scholarships?
• Colleges or Universities
• Community Organizations
• Local or National Businesses
• On-Line Scholarship Searches
• Local Library
• Counselor’s Office
• School web page
![Page 13: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/13.jpg)
State Academic Scholarships
HOPE• 3.0 regardless of rank or SAT score
• Good for only 1 year
• Converts to Life with a 3.0
• Must earn 30 semester hours
$2500 + $300 for books
![Page 14: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/14.jpg)
State Academic Scholarships
LifeMust include 2 of the 3
• 3.0 GPA• 1100 on SAT or 24 on ACT• Top 30% of the graduating class
$5000 including book allowance
Must earn 30 semester hours
![Page 15: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/15.jpg)
State Academic Scholarships
Palmetto FellowsMust include all 3 criteria
• Top 6 % of the graduating class• 3.5 GPA• 1200 SAT or 27 ACT
$6700 freshman year$7500 sophomore/junior/senior
Must earn 30 semester hours
![Page 16: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/16.jpg)
Acronyms
• COA-cost of attendance
• EFC-expected family contribution(comes from FAFSA)
• FN-financial need
COA – EFC = FN
![Page 17: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/17.jpg)
status
• Is your student or guardian dependent or independent?
• When you have step children, whose income is used when filling out the FAFSA?
![Page 18: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/18.jpg)
Overage checks
• Are you and your child prepared for overage
checks?
![Page 19: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/19.jpg)
Professional Judgment
Call the financial aid offices
The financial aid administrators will work
with you.
![Page 20: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/20.jpg)
Sticker shock!
Do
Not
Get
sticker shock!
![Page 21: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/21.jpg)
There is no silver bullet!
This information is like medicine…
While it will help cure the sick, it will not
raise the dead!
![Page 22: Financial aid presentation](https://reader031.fdocuments.us/reader031/viewer/2022013111/555473efb4c9050f348b45ae/html5/thumbnails/22.jpg)
The Springs Close Foundation
Student loans Contact-Judy Rowell
Tel 803-286-2197Lancaster
Tel 803-548-2002Fort Mill
Fax 803-416-4626
M-TH 8am-5pmFriday 8 am-2 pm