Scholarships and financial aid (paying for college) Why Should I financeCollege?



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SCHOLARSHIPS AND FINANCIAL AID (PAYING FOR COLLEGE)

Why Should I FinanceCollege?

    • College is the pathway to success and a better life
    • College graduates earn more money and get better jobs
    • Unemployment rates are lower for college graduates
    • College will help you help your family

College Graduates Earn More Money

How much does college cost?

  • ( Yearly cost of Tuition + Books )
  • BYU = 5,320 Utah State= 5,628
  • UVU = 6,322 U of U= 7,831
  • Weber= 5,348 SUU= 5,998
  • Snow= 3,610 Dixie=4,788
  • SLCC=4,782 LDS BC=4,040
  • Westminster=28,182
  • USU Eastern=3,922

Financing A College Education

  • A successful experience requires a collaborative effort by:
      • Student
      • Parent
      • College
      • Government

What is Financial Aid?

  • Grants
  • Loans
  • Employment opportunities
  • Scholarships

Need-Based Grants

  • Grants
  • A Federal Grant, unlike a loan, does not have to be repaid.
  • PELL Grants
  • The amount depends on your financial need, costs to attend school, status as a full-time or part-time student, and plans to attend school for a full academic year or less. The max. for 2012 was $5,550.
  • FSEOG Grants
  • Each participating school receives a certain amount of FSEOG funds. Once the full amount funds have been awarded to students, no more FSEOG awards can be made for that year. 
  • TEACH Grants (T.H. Bell)
  • The TEACH Grant Program provides grants of up to $4,000 a year to students who are completing or plan to complete course work needed to begin a career in teaching.

Loans

  • Direct Subsidized Loans:
  • Must demonstrate financial need.
  • Your school determines the amount you can borrow
  • U.S. Department of Education pays the interest
  • ○     while you’re in school at least half-time ○     for the first six months after grad.
  • Direct Unsubsidized Loans:
  • No requirement to demonstrate financial need.
  • Your school determines the amount you can borrow
  • For an unsubsidized loan, you are responsible for paying the interest during all periods. 

Eligibility for Financial Aid

  • Don’t eliminate yourself. Remember it’s
  • There is no income cutoff for financial aid
  • Contact the Aid Office if financial circumstances change

How to Apply

  • Apply for PIN number
  • -student and parent
  • Complete the Free Application for Federal Student Aid (FAFSA) after Jan. 1 of your Senior Year at home

How to Apply for a PIN

  • www.pin.ed.gov
  • Students and parents without PINs apply for one today!

Free Application for Federal Student Aid (FAFSA)

  • www.fafsa.ed.gov Available January 1, 2013

Before you begin

  • Web Worksheet – fill out then just data enter form
  • Errors will delay processing and may result in the loss of financial aid funds
  • It’s OK to estimate taxes in order to meet deadlines.

Attend Financial Aid Night

  • Come and Complete the FAFSA
  • Date: March 14th
  • Time: 7 PM
  • Place: WHS Computer Lab
  • Bring the following:
    • Your Social Security card. It is important that you enter your SS # correctly!
    • Your driver's license (if any)
    • Your 2012 W-2 forms
    • Your Parents' 2012 Tax forms
    • Resident card (if not a U.S. citizen)

Financial Aid Options

  • Grants
  • Loans
  • Employment opportunities
  • Scholarships

Scholarships

  • Academic
  • Creative Talent
  • Athletic Talent

State Funded Academic Scholarships

  • Centennial Scholarship
  • – Up to $1000 for graduating early
  • New Century Scholarship
  • – Complete 61 college credits (associates) by H.S. graduation
  • – $1250 per semester
  • UESP Savings Match of up to $100 each year in High School
  • – Open a Utah Ed. Savings Account
  • (http://www.uesp.org/)
  • – Deposit funds each year

State Funded Scholarships

  • Regents Scholarship:
  • Base Award (one time payment of $1000)
  • Must Take ACT , have a 3.0 GPA and complete the following High School courses with a C or higher:
    • 4 credits of English
    • 4 progressive credits of mathematics
    • 3.5 credits of Social Science
    • 3 credits of lab-based Science courses (Bio. Chem. and Physics)
    • 2 progressive credits of same World or Classical Language
  • Exemplary Award ( $900 per semester for up to 4 semesters) Must attain at least on the ACT, have a cum. GPA of 3.5 or higher and complete required regents courses with a B grade or higher

Scholarships Awarded by University

  • Academic Scholarships
    • Majority of scholarships come from University/College Endowment funds
    • Majority of academic scholarships are available to incoming freshmen only
    • Good grades + high ACT/SAT score = $$$$
  • Department Scholarships
    • Can apply once you have been accepted to University
    • Check diversity or multi-cultural departments
    • Check with dept. you wish to major in (math, arts, engineering etc.)
  • Work, Volunteer or Club based-Scholarships
    • Join a club within the college (multi-cultural club)
    • Join a volunteer organization within the college (Key Club)
    • Apply for Ambassador position

Academic Scholarship Steps

  • Select colleges – recommend 3-4
    • Visit websites
    • Visit the campus if possible
    • Talk with department reps
  • Online Applications – cost $30-$50
  • Meet deadlines
    • Early registration – Dec. 1st
    • Late registration – Feb. 1st or March 1st (depending of University)
  • Send Transcripts
    • Official transcripts must be sent from counseling office
  • Understand: Universities and Colleges are businesses.

Academic Scholarship Steps cont.

  • Take the ACT or SAT
    • Apply for ACT at act.org - $35.00 fee – administered at High School
    • SAT is offered at local colleges or universities
    • Plan on taking test 2-3 times
    • STUDY! STUDY! STUDY!
    • Practice tests available at
      • utahfutures.org
      • act.org
      • Google ACT practice exams
      • WHS Prep Classes
  • Select Colleges for ACT Scores

Helpful Tips

  • Apply early – watch deadlines
  • Each school evaluates the student differently
  • Read all materials issued by the school
  • Inform your school of any “special circumstances”
  • Always keep copies

Writing Scholarship Essays (Create a Portfolio)

  • “Organizing is what you do before you do something, so that when you do it, it is not all mixed up.” A.A. Milne
  • Service/Extra-curricular Activities
    • Create resume (leadership, athletic, performing arts, volunteer, jobs, awards etc.)
    • Be specific, Be Complete (list all hours of service and all activities)
  • Me in 30-seconds
    • Brief personal intro. that lists reasons for applying
    • list of 3-4 qualifications that show you meet the requirements
    • character traits or personal skills that set you apart from other applicants
  • Letters of Recommendation – 3 to 5 letters

Private Scholarships

  • www.whsalpineschools.org
    • Counseling link
  • https://www.utahfutures.org/
  • http://www.zinch.com/
  • http://www.fastweb.com/

Types of Private Scholarships

  • Burger King, Coca Cola, Rotary Club, Key Club, Wendy’s Heisman, Jiffy Lube, IM Flash
  • Sterling Scholar
  • Hoby Scholarship
  • Congressional Award

It Takes Time and Effort

  • First scholarship is the hardest
  • Verify qualifications
    • You will sort through hundreds of scholarships
  • Be Diligent
    • Set goals
    • Set time to work on finding and applying
  • Find a mentor and helpers
    • someone who will follow up with you, encourage
    • you, and support you
    • Someone who will help research and sort

Student Employment

  • Part-time employment
    • on campus
    • designated off-campus locations
    • Student Ambassador (U of U)
  • Questions to Ask
    • When are jobs available?
    • How does a student secure a job?

College Classes in High School

  • AP Classes
    • Classroom in High School
    • Taught by High School teacher
    • Test required for college credit
    • Credits earned dependent on test score ($75-$85 fee per test)
  • Distant Education
    • Enroll with UVU (one time payment of $35)
    • Classroom in High School
    • Taught by UVU professor
    • Live Interactive Setting
    • Earn 3 college credits per class
  • Concurrent Enrollment
    • Enroll with UVU (one time payment of $35)
    • Classroom in High School
    • Taught by High School teacher
    • Earn 3 college credits per class

Questions?



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