WELCOME !!WELCOME !!

TO RBHS FINANCIAL AIDTO RBHS FINANCIAL AID

WORKSHOPWORKSHOP

FUNDING YOUR FUNDING YOUR COLLEGE EDUCATIONCOLLEGE EDUCATION

Estimated Cost of CollegeEstimated Cost of College

Com.Coll CSU UC PRIVATE

Regis./TuitionRegis./Tuition $600-$768$600-$768 $3,116-$4,689$3,116-$4,689 $7,148-$8,374$7,148-$8,374 $26,220-34,800$26,220-34,800

Books/SuppliesBooks/Supplies $1,400$1,400 $1,386$1,386 $1,588$1,588 $1,335$1,335

Room & BoardRoom & Board $3,500-$9,936$3,500-$9,936 $7,536-$11,500$7,536-$11,500 $9,800-$12,972$9,800-$12,972 $7,998-$10,808$7,998-$10,808

Transportation/Transportation/

Personal ExpensePersonal Expense $744-$1,242$744-$1,242

$1,930-$2,502$1,930-$2,502

$764-$1,242$764-$1,242

$2,718$2,718

$1,554$1,554

$2,470$2,470

$1,262$1,262

$2,826$2,826

TOTAL EXPENSESTOTAL EXPENSES $8,174- $8,174- $15,706$15,706

$15,520- $15,520- $21,535$21,535

$22,560-$22,560-

$26,958$26,958

$39,641-$39,641-

$51,031$51,031

FAFSAFAFSA-Free Application for -Free Application for Financial AidFinancial Aid

96% of students apply electronically at 96% of students apply electronically at www.fafsa.ed.govwww.fafsa.ed.govList up to 10 schools on the FAFSA List up to 10 schools on the FAFSA SARSAR-Student Aid Report received within 3 days. -Student Aid Report received within 3 days. Students sent via email link.Students sent via email link.Additional schools may be sent information: Additional schools may be sent information: provide provide DRNDRN (Data Release Number) on right (Data Release Number) on right hand corner of SARhand corner of SARStudents can electronically change data and Students can electronically change data and schools on the schools on the SARSAR at any time. at any time.

ADDITIONAL FINANCIAL AID ADDITIONAL FINANCIAL AID FORMSFORMS

Ask what forms the institution requires, in addition to the Ask what forms the institution requires, in addition to the FAFSAFAFSAWhat are the filing deadlines? May be filed earlier than What are the filing deadlines? May be filed earlier than the FAFSA Jan. 1.the FAFSA Jan. 1.Some private and public institutions require the Some private and public institutions require the CSS CSS Financial Aid ProfileFinancial Aid Profile and other scholarship or financial and other scholarship or financial aid forms. CollegeBoard website has a list of schools on aid forms. CollegeBoard website has a list of schools on their website-their website-www.collegeboard.comwww.collegeboard.com..Two-step process for CSS Profile:Two-step process for CSS Profile:– $5.00 online registration-$5.00 online registration-www.collegeboard.comwww.collegeboard.com– $18.00 per college$18.00 per college– Email help: Email help: help@cssprofile.orghelp@cssprofile.org

CATEGORIES OF FINANCIAL CATEGORIES OF FINANCIAL AIDAID

Scholarships – Scholarships – Check Check www.rbhs.orgwww.rbhs.org and the Bronco Center and the Bronco Center for updated lists and individual college scholarships.for updated lists and individual college scholarships.

Grants - Grants - State, federal (Pell and Supplemental), college, or other State, federal (Pell and Supplemental), college, or other programs coordinated by the college. Need-based or merit-based; programs coordinated by the college. Need-based or merit-based; no repayment.no repayment.

Loans – Loans – Borrowed money that must be paid back with interest.Borrowed money that must be paid back with interest.

Employment Opportunities – Employment Opportunities – Campus-based programs Campus-based programs (Federal Work Study), or private employment.(Federal Work Study), or private employment.

SAMPLES OF SCHOLARSHIPSSAMPLES OF SCHOLARSHIPSCHECK IN THE BRONCO CENTER AND RBHS.ORGCHECK IN THE BRONCO CENTER AND RBHS.ORG

1. Better Business Bureau 1. Better Business Bureau 2. Prudential Spirit of Community2. Prudential Spirit of Community 3. Coca-Cola Foundation3. Coca-Cola Foundation 4. American Council of Engineering Companies4. American Council of Engineering Companies 5. US Bank Scholarships.5. US Bank Scholarships. 6. Wendy’s High School Heisman6. Wendy’s High School Heisman 7. Sons of the American Revolution7. Sons of the American Revolution 8. Elks National Foundation8. Elks National Foundation 9. NROTC Scholarship9. NROTC Scholarship10.Calif. Dept of Veterans Affairs10.Calif. Dept of Veterans Affairs11.Burger King Scholars11.Burger King Scholars12.Sons of Italy Western Foundation12.Sons of Italy Western Foundation

CAL GRANTSCAL GRANTS

CAL GRANT A – Low to middle income families: 3.0 CAL GRANT A – Low to middle income families: 3.0 minimum GPAminimum GPA

CAL GRANT B – Lower income families: 2.0 GPACAL GRANT B – Lower income families: 2.0 GPA

CAL GRANT C – Low to middle income families: No CAL GRANT C – Low to middle income families: No minimum GPAminimum GPA

CAL GRANT A/B –Community College Transfer 2.4 GPACAL GRANT A/B –Community College Transfer 2.4 GPA

COMPLETE FAFSA--APPLY BY MARCH 2-COMPLETE FAFSA--APPLY BY MARCH 2-Tuition,fees,living expenses covered.Tuition,fees,living expenses covered.

FEDERAL GRANTSFEDERAL GRANTS

Academic Competiveness Grant $750 CSU Academic Competiveness Grant $750 CSU Eligible--second year $1300Eligible--second year $1300

Pell Grant- Pell Grant- $4,050$4,050

Supplemental Educational Opportunity – Supplemental Educational Opportunity –

School Determines Amount dependent on School Determines Amount dependent on FAFSA-$100-$4,000-varies for institution.FAFSA-$100-$4,000-varies for institution.

College GrantsCollege Grants

Community College-BOG-Board of Community College-BOG-Board of Governor’s Fee Waiver-Governor’s Fee Waiver-www.icanaffordCollege.comwww.icanaffordCollege.com

CSU-State University CSU-State University Grant(SUG)Grant(SUG)www.csumentor.eduwww.csumentor.edu

UC Grant-UC Grant-www.universityofcalifornia.eduwww.universityofcalifornia.edu

Independent College Grants-Independent College Grants-www.aiccu.edu or www.aiccumentor.orgwww.aiccu.edu or www.aiccumentor.org

National SMART GrantNational SMART Grant

U.S. Citizens and eligible non-citizensU.S. Citizens and eligible non-citizens

Federal Pell Grant recipientFederal Pell Grant recipient

Cumulative GPA 3.0Cumulative GPA 3.0

Eligible major:Computer Science, Eligible major:Computer Science, Math,Engineering,Physical Math,Engineering,Physical Science,Technology,Life Science, or Science,Technology,Life Science, or Foreign LanguageForeign Language

$100-$4,000-funding varies at institution$100-$4,000-funding varies at institution

So You Want to Be a Teacher?So You Want to Be a Teacher?

Federal TeachFederal Teach GrantsGrants-Teach in a “high need” -Teach in a “high need” school/subject-$4,000 school/subject-$4,000 Federal Loan Forgiveness-Federal Loan Forgiveness-$5,000 in federal $5,000 in federal Stafford loan for five years low income school. Stafford loan for five years low income school. Up to $17,500 for math,science, special ed.Up to $17,500 for math,science, special ed.Federal Perkins Loan Forgiveness-Federal Perkins Loan Forgiveness-part or all-low part or all-low income school, special ed.,subject related.income school, special ed.,subject related.TeachTeach forfor AmericaAmerica-Interest payment or $4,725 -Interest payment or $4,725 per year if you teach 2 years at a disadvantaged per year if you teach 2 years at a disadvantaged school.school.

LOANSLOANS

Federal Stafford – low interest 6%-6.8%; students pay back after Federal Stafford – low interest 6%-6.8%; students pay back after graduation-6 month grace period.graduation-6 month grace period.

Federal Perkins – low interest-5%; exceptional financial need Federal Perkins – low interest-5%; exceptional financial need based; students pay back after graduation- 9 month grace period.based; students pay back after graduation- 9 month grace period.

Federal Plus – 8.5%-Parent’s assume responsibility.May align with Federal Plus – 8.5%-Parent’s assume responsibility.May align with student 6 month grace period.student 6 month grace period.

Private – Contact lender or college. Institutions differ in available Private – Contact lender or college. Institutions differ in available funds.funds.

Federal Work Study-Apply with Financial Aid Forms. Job may be on Federal Work Study-Apply with Financial Aid Forms. Job may be on or off campus.or off campus.

NECESSARY DOCUMENTSNECESSARY DOCUMENTSSocial Security number, driver’s license numberSocial Security number, driver’s license number

2008 W-2 Forms2008 W-2 Forms

2008 Income Tax Returns – parent and student (estimate, if necessary)2008 Income Tax Returns – parent and student (estimate, if necessary)

Recent bank statementsRecent bank statements

Your Federal Student Aid PIN, and a parent’s PINYour Federal Student Aid PIN, and a parent’s PIN

An email addressAn email address

Recent business or investment recordsRecent business or investment records

Alien registration number or permanent resident card if not a US CitizenAlien registration number or permanent resident card if not a US Citizen

FIRST STEPS IN APPLYINGFIRST STEPS IN APPLYING Be sure you have a Social Security number; males 18 and over must Be sure you have a Social Security number; males 18 and over must

register for Selective Service at register for Selective Service at www.sss.govwww.sss.gov

All students must fill out a FAFSA-Free Application for Student Aid.All students must fill out a FAFSA-Free Application for Student Aid.

NEW!! FAFSA 4Caster Worksheet Link at - NEW!! FAFSA 4Caster Worksheet Link at - www.fafsa.ed.govwww.fafsa.ed.gov

Automatic PIN Registration-Allows electronic signatureAutomatic PIN Registration-Allows electronic signatureAutomatic Transport to Jan. 1 FAFSAAutomatic Transport to Jan. 1 FAFSA

OROR -Get a PIN number at -Get a PIN number at www.pin.ed.govwww.pin.ed.gov. Both parent and . Both parent and student need a pin. PIN received immediately.student need a pin. PIN received immediately.

Submit the Submit the FAFSAFAFSA on the Web starting on the Web starting Jan. 1Jan. 1 - early - early submissions will be returned! submissions will be returned! March 2March 2 is the is the due datedue date for CAL for CAL Grants!Grants!

DEFINITION OF NEEDDEFINITION OF NEED

Cost of Attendance (COA)Cost of Attendance (COA)

- Expected Family - Expected Family Contribution Contribution (EFC determined by FAFSA and Feds) (EFC determined by FAFSA and Feds)

______________________________________________________________________

= Need (Scholarships, Grants, Loans)= Need (Scholarships, Grants, Loans)

Private School Sample PackagePrivate School Sample Package

CLASS OFCLASS OF

20122012FAMILY AFAMILY A FAMILY BFAMILY B FAMILY CFAMILY C

Cost of AttendanceCost of Attendance $50,250$50,250 $50,250$50,250 $50,250$50,250

Parent ContributionParent Contribution - 0- 0 -10,000-10,000 -20,000-20,000

Student Student ContributionContribution

- 1,500- 1,500 - 1,500- 1,500 -1,500-1,500

NeedNeed 48,75048,750 38,75038,750 28,75028,750

Self-Help (job Self-Help (job and/or /loanand/or /loan))

- 2,500- 2,500 2,5002,500 2,5002,500

Total Total ScholarshipScholarship

46,25046,250 36,25036,250 26,25026,250

HELPFUL WEBSITESHELPFUL WEBSITES

www.monster.comwww.monster.com

www.finaid.orgwww.finaid.org

www.gocollege.comwww.gocollege.com

www.collegeboard.comwww.collegeboard.com

www.edwise.orgwww.edwise.org

www.fastweb.comwww.fastweb.com

www.scholarships.comwww.scholarships.com

REMINDERREMINDER

PARENT FINANCIAL AID NIGHTPARENT FINANCIAL AID NIGHT

6:30 p.m.6:30 p.m.

Wednesday, January 8, 2009Wednesday, January 8, 2009

RANCHO BERNARDO HIGH SCHOOLRANCHO BERNARDO HIGH SCHOOLPERFORMING ARTS CENTERPERFORMING ARTS CENTER