UnderstandiUnderstanding Financial ng Financial

AidAid

Play video “FAFSA Video 1” then return to the next slide in

this Powerpoint.

What is the FAFSA?

FAFSA stands for …

“Federal Application for Free Student Aid”

What is the FAFSA?

The FAFSA is an application that students fill out in the spring of their senior year (after January 1) to apply for financial aid from the government.

Aid will be awarded in the form of grants, loans and/or work-study.

Applications are typically completed online. Spanish versions are available.

Workshops are available to help you fill it out.

Types of Aid Grants

Money you do not pay back

Loans

Money you borrow and pay back after you graduate

More about Grants

There are two major grants that students can receive: the Pell Grant and the Texas Grant

The Pell Grant is federal and can be used in Texas as well as other states

The Texas Grant must be used at a public college in Texas only

More about the Texas Grant Eligible Students…

Are Texas residents Complete the Recommended High

School Program or Distinguished Achievement Program in high school

Have not been convicted of a felony or crime involving a controlled substance

Show financial need Enroll in a public college or university in

Texas within 16 months of graduation

More about the Texas Grant

How much can I receive?

$6,080 per year for public 4-year universities (UH, SHSU, UT, A&M)

$1780 per year for public 2-year community college (Lone Star College)

$2,680 per year for public technical college (UTI, ITT, DeVry)

Play video “FAFSA Video 2” then return to the next slide in

this Powerpoint.

FAFSA TipsBe sure you are on free or reduced lunch

NOW (in high school) if you qualify, so you can answer yes to those questions later on the FAFSA! It will help you get more money!

Free/reduced lunch applications are available online at www.cfisd.net or in your academy’s office – ask the secretary for help with this

FAFSA TipsGet your pin number now! You cannot

submit your FAFSA online without it and there is no reason to wait. It will take longer to receive it after Jan. 1 and you don’t want to be stuck waiting for it. You need one and your parents need their own.

FAFSA Tips

Remember you do not have to accept all money awarded to you – loans have to be paid back later, so don’t accept more than you absolutely need!

Play video “FAFSA Video 3” then return to the next slide in

this Powerpoint.

FAFSA WebsitesWebsites are in the brochures:

www.fafsa.ed.gov

www.pin.ed.gov

www.fafsa4caster.ed.gov