Lets Talk About FINANCIAL AID Welcome Fernandina Beach

Let’s Talk About FINANCIAL AID Welcome Fernandina Beach HS Heaven Cleckler | FSCJ Student Recruiter 1

Financial Aid Night Event Schedule Session 1 – Why College is Still a Good Investment Explore the value of a continued education, as well as a breakdown of the cost of college. Session 2 – Paying for College Introduction to various types of educational funding and financial assistance available. Session 3 – Financial Aid Basics Addresses general questions about applying for, securing, and maintaining financial aid. 2

Why College is Still a Good Investment 3

Average Annual Earnings by Education Level 4

DIRECT COSTS INDIRECT COSTS ◉ Tuition and Fees ◉ Books and Supplies ◉ On-Campus Room and ◉ Off-Campus Room & Board These costs will show up on the college bill. Board ◉ Personal Expenses ◉ Travel Costs

Annual Tuition Cost at Local Institutions $3, 775 $6, 389 $38, 140 6 Florida State College at Jacksonville (Local State or Community Colleges) University of North Florida (In-State Public Universities) Jacksonville University (Private or Out-of. State Universities) FSCJ was recognized in the Top 150 in Community College Excellence by The Aspen Institute. FSCJ was ranked #10 for Top 50 Colleges and Universities with the lowest tuition costs by University HQ.

Paying for College What are the various types of financial aid available? 7

Scholarships Work Study Grants Forms of Financial Assistance Loans 8 Military Benefits (GI Bill) Employer Benefits Payment Plans

Financial Aid: Grants ◉ Need based funding ◉ Federal Pell Grants $6, 395 maximum for 2020/2021 (21/22 TBD) ◉ Federal Supplemental Education Opportunity Grants (FSEOG) ◉ State Grants ◉ Institutional Grants ◉ Program specific grants

Financial Aid: Scholarships ◉ May be • Talent based • Need based • Program/major specific • Academically competitive ◉ Sponsored by: • State, Local, or Civic Organizations • Local and National Corporations • Institutional (College or University) ◉ Fastweb. com NOTE: Never pay money to apply for a scholarship!

Financial Aid: Work Study ◉ Need based ◉ Access to on-campus jobs ◉ 10 – 20 hours per week ◉ Flexible schedule ◉ Wages paid directly to student ◉ Minimum wage or higher ◉ Align work with the desired area of study You are a student first!

Financial Aid: Loans ◉ Direct Loans: Subsidized & Unsubsidized ◉ Federal Perkins Loan ◉ Parent Loan for Undergraduate Students (PLUS) ◉ Private Loans Don’t borrow any more than you absolutely need!

Financial Aid Basics What is financial aid? Am I eligible for financial aid? How do I apply for financial aid? 13

What is Financial Aid? Student financial aid is money provided by the federal government or another entity, such as a school or a state government, to help students pay for educational expenses. 14

Am I Eligible for Financial Aid? ü U. S. citizen or permanent resident ü Valid Social Security number ü Selective Service Registration (Males 18 to 25) ü High school diploma or GED ü Financial aid eligible degree or certificate ü Meeting Satisfactory Academic Progress (SAP) 15

Maintaining Financial Aid Eligibility Satisfactory Academic Progress (SAP) 2. 0 GPA 150% Rule 67% Success 16

What Do I Need to Apply for 2021 -2022 Financial Aid? q Federal Student Aid ID (student and parent) q Social Security numbers (student and parent) q Driver’s license number (if you have one) q Alien Registration number (if applicable) q Federal tax returns from 2019 taxes (prior-prior year) Ø IRS Data Retrieval Tool (Student. Aid. gov/irsdrt) Ø Tax and W-2 information for both student and parent q Records of Untaxed Income (child support, assets, etc. ) 17

Free Application for Federal Student Aid Renew your FAFSA annually beginning October 1 st Create an FSA ID fsaid. ed. gov Include the FSCJ School Code 001484 studentaid. gov

Florida Financial Aid Application (FFAA) Begin your FFAA on December 1 st of senior year Must complete by August 31 st of graduation year Qualify for Bright Futures and other funding www. floridastudentfinancialaid. org

FAFSA Information and Assistance 1 -800 -4 -FED-AID | Student. Aid. gov Office of Student Financial Assistance 1 -800 -827 -2004 | osfa@fldoe. org Financial Aid FAQs: FATV fscj. financialaidtv. com FSCJ Financial Aid Department financialaid@fscj. edu 20

Questions? Fernandina Beach FAFSA Lab Thursday, October 12 th 6: 00 PM 21