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    The Free Application for Federal Student Aid (fafsa) determines how much your family can afford to contribute applies to many post secondary institutes determines what type of aid you qualify for used by states and institutions to determine aid Four eligibility requirement are: be a leagal us citizen be enrolled to a post secondary program maintain satasfactory acedemic progress

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    The Free Application for Federal Student Aid (fafsa) determines how much your family can afford to contribute applies to many post secondary institutes determines what type of aid you qualify for used by states and institutions to determine aid Four eligibility requirement are: be a leagal us citizen be enrolled to a post secondary program maintain satasfactory acedemic progress

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    © All Rights Reserved
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    Signaler comme contenu inapproprié
    70 vues5 pages

    Kami Export - Https - Mail-Attachment Googleusercontent Com-Attachment-U-0 - Ui 2 Ik 96dc894a4e View Att TH 150a3dc9cc5c403f 1

    Transféré par

    api-296019366
    The Free Application for Federal Student Aid (fafsa) determines how much your family can afford to contribute applies to many post secondary institutes determines what type of aid you qualify for used by states and institutions to determine aid Four eligibility requirement are: be a leagal us citizen be enrolled to a post secondary program maintain satasfactory acedemic progress

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 5

    Page|18

    2.3.5.L1

    PayingforHigherEducationNoteTakingGuide

    TotalPointsEarned

    TotalPointsPossible

    Percentage

    Name

    Date

    Class

    Threewaystoreducethecostofhighereducationinclude:

    scholarships, grants, work study earnings

    MoneyYouDoNotHavetoRepay

    Characteristicsofscholarships

    given by a school or an organization to pay for student expences

    Scholarshipsarebasedon...

    Threescholarshipsources:

    Whataregrants?

    for specific
    projects
    non-profit
    foundations
    corporations

    Whoarethey
    typicallyawarded
    to?

    Howdoyouapply?

    FAFSA

    students with
    financial need

    Twoexamplesare:

    pell grant
    teacher
    education
    assistance

    DescribetheFederalWorkStudyprogram.

    provides part time job to students with need

    TakeChargeTodayMarch2014PayingforHigherEducation
    FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona

    Page|19
    2.3.5.L1

    LowCostFinancialAid

    CharacteristicsofFederalStudentLoans

    fixed interest rates

    generous
    repayment plan

    no prepayment
    penalties

    no credit checks
    (exept plus loans)

    HowdoyouapplyforaFederalStudentLoan?

    IdentifythetypesofFederalLoansandacharacteristicofeach.
    Highestinterestrates

    plus loan

    direct unsusidized stafford loan

    direct susidized stafford loan

    federal perkins loan


    Lowestinterestrates

    HighCostConsumerLoans

    Whooffersprivateloansandwhyshouldtheytypicallybethelastfinancialaidoptionconsidered?

    education institutes

    TakeChargeTodayMarch2014PayingforHigherEducation
    FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona

    Page|20
    2.3.5.L1

    AllAboutFAFSA(FreeApplicationforFederalStudentAid)

    WhyshouldeveryonecompletetheFAFSA?

    determines how much your family can afford to contribute

    applies to many post secondary institutes

    determines what type of aid you qualify for

    used by states and institutions to determine aid

    Foureligibilityrequirementare...

    be a leagal us
    citizen

    be a high school
    graduate

    be enrolled to a
    post secondary
    program

    maintain
    satasfactory
    acedemic progress

    WhenshouldtheFAFSAbecompleted?

    as soon as posible to get more money

    HowdoIlearntheFederal,StateandPostsecondarydeadlines?

    fafsa.ed.gov

    HowoftendoestheFAFSAneedtobecompleted?

    TakeChargeTodayMarch2014PayingforHigherEducation
    FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona

    Page|21
    2.3.5.L1

    Whatisneedbasedaid?

    Costof
    Attendance

    ExpectedFamily
    Contribution

    how much the institute


    cost
    Minus

    how much money is


    estimated that your
    family can give

    FinancialNeed

    Equals

    Howisnonneedbasedaidcalculated?
    Whydononneedbasedaidsourceshavehigher
    cost of attendance-financial aid
    interestrates?
    awarded=non-need based aid
    un substidized

    TheFAFSAApplicationProcess

    Whyisdependency
    statusimportant?

    Howdoyoulearnyour
    dependencystatus?

    HowisthePINused?

    HowdoyougetaPIN?

    fsa id

    DescribethetypesofdocumentsrequiredtocompletetheFAFSA.

    identifiacation docs
    fed tax info
    untaxedbincome records

    current assest info

    TakeChargeTodayMarch2014PayingforHigherEducation
    FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona

    Page|22
    2.3.5.L1

    WhatarethreethingstorememberwhencompletingtheonlineFAFSAForm?

    summary of fafsa data

    3 days-3 weeks after


    submiting

    WhatdoyouneedtodowhensubmittingtheFAFSA?

    reveiw closely and report


    errors

    Howdoyouknowifithasbeensuccessfully
    submitted?

    WhyisitimportanttoreviewtheStudentAidReport?

    Whatareyouresponsiblefordoingifyourpostsecondaryinstitutionsends
    youanawardletter?

    Whatshouldyouconsiderwhencomparingaidpackages?

    WhenItsNotFreeMoney

    Whatshouldyoudoifyouarehavingtroublepaying
    Whataretheimplicationsofdefaultingonastudent
    loan?
    backyourstudentloans?

    your loan ballance will be due in full imeadeaty


    lose future eligability for aid

    TakeChargeTodayMarch2014PayingforHigherEducation
    FundedbyagrantfromTakeChargeAmerica,Inc.totheNortonSchoolofFamilyandConsumerSciencesTakeChargeAmericaInstituteatTheUniversityofArizona

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