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FINANCIAL
AID INFORMATION FOR POST-SECONDARY TRAINING
Students and parents should not assume that they
cannot afford a particular college or university.
Financial aid often makes it possible for students to attend
colleges they would have thought too expensive.
The following are sources of financial assistance for postsecondary
students.
Federal Pell Grants
Campus
based Programs
Federal Supplemental Educational Opportunity Grants
Federal Work-Study
Federal Perkins-Loans
William
D. Ford Federal Direct Loans
Federal Direct Stafford Loans
Federal Direct PLUS Loans
Federal
Family Education Loans
Federal Stafford Loans
Federal PLUS Loans
Grants (Pell and FSEOG) do not have to be repaid; loans (Perkins, Direct, and FFEL) must be repaid.
Work-study (FWS)
provides income from a part-time job.
Federal Pell Grants are awarded through strict rules set by the
Department of Education. If a
student is eligible on the basis of these rules, an eligible school may
pay the student his or her Federal Pell Grant and will be reimbursed by
the Department of Education.
Scholarships are also a source of money that is awarded because a
student is outstanding in some area.
This can be provided through the college (based upon grade point
average, college test admission test scores, and/or class rank) or awarded
through local sponsoring agencies with varying requirements.
Students are encouraged to apply for all scholarships.
Most students will find that financial aid generally comes in the
form of a “package”. A
package is a combination of grants, scholarships, loans, and work study. Packages are awarded through the financial aid office, and
will vary from college to college.
Important
phone numbers:
Federal Student Aid Information Center:
General
Information: 1-800-4-FED-AID
(1-800-433-3243)
TDD
(for the hearing impaired)
1-800-730-8913
Toll
number for application status checks
319-337-5665
Important
Wed Sites:
ED’s Information for Students:
http://www.ed.gov/offices/OPE/Students/
FAFSA on the Web:
http://www.fafsa.ed.gov
Funding Your Education:
http://www.ed.gov/prog_info/SFA/FYE
The Student Guide:
http://www.ed.gov/prog_info/SFA/StudentGuide/
Completing the FAFSA:
http://www.ed.gov/prog_info/SFA/FAFSA
TO OBTAIN
FINANCIAL AID, FOLLOW THESE STEPS:
1.
In
the fall of your son or daughter’s senior year, complete the individual
financial aid (and scholarship) application forms for each college to
which your son or daughter is applying.
2.
Obtain
a FAFSA (Free Application for Federal Student Aid) from your high school
guidance office in December and have all of your tax information organized
early. The FAFSA is a federal
form which asks for information on income and assets. Approximately 3 - 10 weeks after you have mailed your FAFSA,
you will receive an SAR (student aid report) which will inform you of your
EFC (estimated family contribution).
This is the amount they have determined you can afford to pay for
your son or daughter’s education that year.
If the cost of the college is more than your EFC, you have a
financial need and should be eligible for financial aid.
Contact the college’s financial aid office for further
information and assistance.
3.
In
addition to the FAFSA, some colleges also require the submission of the
CSS/Financial Aid Profile. The
financial Aid Profile is a need analysis and there is a processing fee.
Contact your high school guidance office for information and forms.
4.
Attend
any financial aid nights and/or meetings that may be offered in your area.
Canon
City High School will host a FINANCIAL AID WORKSHOP on January 12 at 7:00
p.m. in the High School Auditorium. Representatives
from Financial Aid and Admissions from the University of Southern Colorado
and a representative from the Southern Colorado Educational Opportunity
Center will be available to share information that evening.
This should be an very informative meeting and all parents are
encouraged to attend.
5.
Complete
the FAFSA as soon after January 1 (or after the financial aid meeting) as
possible. Even if you know
that you will not qualify for any need based aid because of your income,
you should still complete the FAFSA. Colleges and organizations often want
it verified that students are not eligible for need based aid before they
award non-need based aid.
Tip:
Before you send the FAFSA, make a copy.
A FINAL
CHECK-LIST FOR SENIORS AND PARENTS.
1.
Have
your career plans be finalized?
2.
Have
you taken the appropriate tests for admissions into your post secondary
study?
3.
Have
you completed all necessary application forms for further training?
4.
Have
you considered all financial aid?
5.
Have
you made a decision in a career area?
FINANCIAL
AID WORKSHOP
Monday, January 12, 1998
Canon City High School Auditorium 7:00 p.m.
Representatives from University of Southern Colorado
Admissions Office and Financial Aid Office and a representative from
Southern Colorado Educational Opportunity Center will present the program.
Parents of
seniors are encouraged to attend.
School to Work
Grant,
Get with Lee about details
Spring and
Summer School??
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