Financial Aid and FAFSA HOLLIE HUNTER Overview Goals

Financial Aid and FAFSA HOLLIE HUNTER

Overview/ Goals �Scholarships How to find them Types of Scholarships � State Scholarships �FAFSA General overview Application process Deadlines Different types of financial aid available through FAFSA

Scholarships : Where to find them �High school guidance counselors �Institution(s) of higher education to which the student applies �Scholarship websites www. fastweb. com www. scholarships. com

State Scholarships �Palmetto Fellows �LIFE �HOPE

FAFSA: General Information �Free Application for Federal Student Aid �Types of financial aid it provides: Grants Loans � It is possible to file the FAFSA before completing tax returns using estimations �The information you provide the FAFSA is used to determine the student’s Expected Family Contribution (EFC)

FAFSA: How to apply File income tax returns 2. Apply to FAFSA 1. A. B. Online at www. fafsa. ed. gov Or call and request a paper application 3. Submit the finalized application 4. You may want to apply for a PIN 5. You will then receive a Student Aid Report (SAR) 6. The institution the student applies to will send an award letter detailing the financial aid package offered

FAFSA: Deadlines �Final federal and state deadlines for FAFSA are typically at the end of June �Institutions of higher education usually have their own deadlines that differ from federal and state deadlines �The student must reapply for the FAFSA every year they attend an institution of higher education

FAFSA: Types of Grants Available �TEACH Grant �Federal Pell Grant �Federal Supplemental Educational Opportunity Grant (FSEOG) �The Academic Competitiveness Grant (ACG) �The National Science and Mathematics Access to Retain Talent Grant (National SMART Grant) �Institutional Grants �Iraq and Afghanistan Service Grant

FAFSA: Types of Loans and Campus Based Aid Available �Loans Stafford Loans � Direct Subsidized Loans � Direct Unsubsidized Loans Direct PLUS Loans for Parents �Campus Based Aid FSEOG Federal Work-Study (FWS) Federal Perkins Loans