CAL-SOAP PRESENTS… Financial Aid Basics. How much does college cost?
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Transcript of CAL-SOAP PRESENTS… Financial Aid Basics. How much does college cost?
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CAL-SOAP PRESENTS…
Financial Aid Basics
What you need to know to pay for your education…
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How much does college cost?
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Registration Fees Only
University of California$13,200
California State University$7,025
California Community College
$1,104
Private Universities$32,100
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University of California
Total$33,000
Fees/Tuition
$13,200
Books and supplies$1,550
Room and board
$13,400
Transportation
$1,300
Miscellaneous
$3,550
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Cal State Total
$24,394
Fees/Tuition$7,025
Books and supplies$1,666
Room and board
$10,924
Transportation
$950
Miscellaneous
$3,829
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Community College Total$15,129
Fees/Tuition$1,104
Books and supplies$1,675
Room and board$7,900
Transportation
$1,200
Miscellaneous
$3,250
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How do I pay for college?
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Paying for Your Education
Federal Aid
Grants
Scholarships
Loans
Personal Savings
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Free Application for Student Aid
Federal and State Financial Aid
What is FAFSA?
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Make-or-Break CriteriaWe provide information about:Postsecondary Education
Financial Aid
Package
determined by FAFSA
Cal Grants
Federal Loans and
Grants
College and
University
Grants
Federal Work Study
Parent PLUS Loan
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How the FAFSA determines your Financial Aid
• The amount of money you receive is based on your Expected Family Contribution (EFC)• EFC= The amount your family is expected to pay for
your college based on family income
Total Cost of Attenda
nce
Expected
Family Contribution(EFC)
Financial
Need
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For Example
You have 3 colleges in mind
UCSD[living on campus] $31,700
$23,444
SDSU[living on campus]
$1,000
Mesa College[living at home]
$1,000
$30,700
$22,444
$11,445
Cost of Attendance
EFCFinancial
Need
$1,000 $10,445
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College Costs in Thousands
COA COA COA
COA EFC Federal Eligibility
COA - EFC = Federal EligibilityCost of Attendance – Expected Family Contribution = Federal Eligibility
30
20
0
10
15
(For grants, scholarships, work-study, and loans)
(Tuition/fees, residence, meals, books, transportation, and personal expenses)
(9)
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What should I do next?
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Apply January 1st- March 2nd
First come first serve!
Complete the FAFSA at www.fafsa.ed.gov
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Student and a Parent MUST get a PIN number to sign FAFSA online!
Get your PIN numbers NOW!www.pin.ed.gov
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Get a PIN for yourself and one parent (custodial): www.pin.ed.gov
Step 1
(optional): Print out a FAFSA on the web worksheet onlinehttp://www.fafsa.ed.gov/
Step 2
Complete the FAFSA online before March 2 www.fafsa.ed.gov
Step 3
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Review your Student Aid Report (SAR)
Receive financial aid packages from each of your colleges of interest
Step 4
Step 5
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To apply for a Cal-Grant.
Submit electronically or mail
Begin submitting November 2012
Deadline for submission is March 2, 2013
Submit GPA Verification Form
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www.scholarships.com
www.collegenet.com
www.fastweb.com
Cal-SOAP
www.collegeboard.com
Counselors and Teachers
Scholarship Books
Finding Scholarships
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financial aid application administered by the College Board
required by some independent colleges and scholarship organizations to award private aid.
Available online at https://profileonline.collegeboard.com.
There is a fee to apply and fee waivers are available.Deadline for submission varies by institution.
CSS/ Financial Aid Profile
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Cash For College Workshops
Flyer
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Contacting Cal-SOAP…
Find our representatives at local Cal-SOAP college and career events. For events and general college information:
www.sandiegocalsoap.com Questions? Call our office: (858) 569-1866