Вы находитесь на странице: 1из 34

Senior Information Night

2018-2019
HTTPS://WWW.YOUTUBE.COM/WATCH?V=OQFZHZFDJHC
Agenda

 Applying to College
 Scholarships
 Tips and Tricks
 Communication
 Important Information
 Financial Aid
Applying to College

September/October
 Individually meet with each student  Apply to a college of their choice

 Transcript check and make sure they


 We try to get the application fee
waived.
are clear on what they need
 How?
 Are they in A+?  Through signing up for the Talent Search
 Are they on track with A+?  Send their transcripts off
 Are they registered for the NCAA?  Do they need to register for the ACT
again?
 Are they registered with the selective
service?  If so, we try and sign up depending on
arrangements to pay.
Applying to College

 Why apply so early?  We will not receive any of that information so


 Some scholarship priority deadlines are as early as
PLEASE stay ahead of the game.
November 1st or December 1st  Before students leave for graduation they must make
 Students can always change their mind later sure WE know where they will attend school in August
so that we can send the final transcripts.
 Can compare financial aid packages from different
 We have a list for them to sign before they leave for
schools graduation.
 After they have applied?
 Maintain grades and GPA
 Bring me a copy of the acceptance letters and any
scholarship offers
 Stay abreast of communication with the college
 Dorms
 Scheduling for Classes
 Deadlines/ Financial Aid
MSSU Talent Search

 Is a program that is free to sign up  What are my obligations?


 Must complete an application  To attend a meeting at SHS during the
school day for approximately 30
 https://webapps.mssu.edu/FormWizard minutes once a month.
/FormViewer.aspx?Id=142
 What can it do for me?
 Can waive application fees to Colleges
 Receive important communication
about college and financial aid
information at meetings
Scholarships

 How will I communicate scholarships?


 Email to Students
 Web Page
 Bulletin
 Read in 2nd Hour Daily
 Posted outside the office
 Posted on the wall in Cafeteria
 Text –Remind 101
 Facebook –Sarcoxie High School
Counseling
Remind 101

 Please Sign Up
 Text this message
 @bg238b To this number 81010

 Will send Scholarships


 Deadline Reminders
 Upcoming Meetings
 Financial Aid Reminders
Where can I find scholarships?

 Check with ANYONE you do business with  These places do not necessarily send us any of
these
 Insurance Agent
 Employer
 They primarily advertise within their office and
clientele only
 Bank
 Check with the department you plan to major in
 Credit Union at the college you will attend
 Orthodontist  Fill out Scholarships at the University
 Farm Bureau  Some are automatic
 ANY Organizations you are involved in  Others require an application
 Financials Institutions  Typically found on their financial aid webpage
 Do not be afraid to call
 Me
 Or Financial Aid office
Scholarships Tips and Tricks

 Where else can I find Scholarships?  Take pride in your application


 Missouri Connections  Type the application if possible
 Each student should have a user name and  Have a teacher read over your essay
password
 https://mocis.intocareers.org/materials/portal/  Complete before the deadline
home.html
 Is the deadline a postmarked deadline or an
 See attached sheet in hand deadline?
 You do not have to be 1st or 2nd in your class
 Fast web
to earn scholarships
 GPA
 Always Apply no matter what!
 ACT
 As a general rule you typically should not
have to pay to apply for a scholarship  Activities
 Local Scholarships are typically in the Spring  Community Service
Website

 http://sarcoxiecounseling.weebly.com/
 Information Available
 Course Catalogue
 Financial Aid Information
 Scholarships
 Signing Up for ACT
Important Reminders

 If anyone is planning on playing sports at the next level you  Some require two years of consecutive foreign language
need to sign up with the corresponding clearinghouse if
applicable  Graduating Early, must write letter to the school board
 Super Score  Dual Credit classes must be pre-approved through the office
and the official transcript must be submitted to the high school
 If you complete a scholarship or application in a class with a office within two weeks of final grades being completed
teacher or at home please let me know
 Per the state requirements 3.0 college hours equals .5 of high
 Why? school credit.
 If you apply and I don’t send transcripts your application will  Information is always changing with new rules and laws. Please
set and not be processed. verify all information with your financial institution prior to use.
 Typically on Scholarships I will need to verify GPA etc.
 If you are not enrolled in a Math class this year just a reminder
that some schools do require 4 units of Math ALGEBRA 1 or
Higher
 Some Colleges (MSU) will not accept Algebra 1 taken as an 8th
grader and will require 3 years of high school math
FAFSA and Resources

 FAFSA Frenzy November 4th, 2018.


 Application becomes available October 1st , 2018
 The FAFSA priority deadline is typically February 1, 2019 to be eligible to
receive Access Missouri grant money.
 Missouri Department of Higher Education
 http://dhe.mo.gov/ppc/
Financial Aid

IRS Data Retrieval Tool available October 1

Pell Grants
Year-Round Pell is coming back Summer 2018

150% of annual award is available

Must enroll at least half-time for Summer


 Access Missouri Grant
 48,300 students received in 2017-18
 Award amount $1,500 - $2,000
 Based on EFC
 Tier one EFC 0-7000 awarded $2,000
 Tier two EFC 7001 to 12000 awarded $1,500

 A+ Scholarship
 12,600 students received in 2017-18
 Bright Flight
 6,700 students received in 2017-18
 Top 3 percent of Seniors, 31 or higher on the ACT
Financial Aid 101

 Cost of attendance  Loans- Money must be paid back


 -EFC____________  Subsidized- Gov pays the interest while
student is in college or in deferment
 =Unmet Need/Gap
 Unsubsidized- YOU pay the interest
 Private-Credit Based
 Parent-Credit Based
 Grants- Money Does not have to be
paid back
 Scholarships-Money does not have to
be paid back.
Financial Aid 101

 Cost of Attendance (COA)  Expected Family Contribution (EFC)


  Generated by the FAFSA
All reasonable costs to attend, including:
 A measure of a student’s family’s
 financial strength
 Determines eligibility for need-based
 Tuition
financial aid including federal, state,
 Fees institutional and even private
 Books and Supplies scholarships
 Transportation

 Room and Board

 Personal Expenses
Financial Aid 101

 The student’s need-based Financial Aid cannot exceed the amount of unmet need they have available.
 Can not get more than the cost of attendance
 Will send Scholarships back

 Check and see what the scholarship is designated for


 Tuition and Fees

 Can it be used for Room and Board

 Need-Based Aid (outside of Pell Grant and scholarships):

 Federal Work Study (up to $7,000 per year)

 Subsidized Loans (from $3,500 to $5,500 per year)

 Perkins Loans (up to $5,500 per year)

 SEOG Grant (from $100 to $4,000 per year)

 Access Missouri Grant (for Missouri residents, full-time, 2.5 GPA,


FAFSA completion by February 1 , and less than 150 credit hours)
st
Sample Student

 Sample students have:


 High School GPA 3.289
 ACT Score 21

Three EFC Scenarios:


 0
 7,710
 18,585

Each institution awards aid differently


EFC 0
MSU OTC Evangel
Total Cost of Attendance (COA) 21,180 10,938 35,840
EFC $0 $0 $0
Financial Need 21,180 10938 35,840
Grants/Scholarships
Federal Pell 5,920 5,920 5,920
Other Federal & State Grants 2,000 910 1,000
University Grants & Scholarships 2,000 2000 10,300
Outside/Private Scholarships 1,500 1,800
Total Gift Aid 11,420 8,830 19,020
Other Aid
Work Study 2,000 0 2,100
Student Loan Options
Federal Direct (Subsidized) 3,500 2,108 3,500
Federal Direct (Unsubsidized) 2,000 2,000
Total Loans 5,500 2,208 5,500

COA 21,180 10,938 35,840


Minus Gift and Other Aid 13,420 8,830 21,120
Family Share Before Loans 7,760 2,108 14,720
Family Share Using Loans 2,260 0 9,220
EFC < $12000
MSU OTC Evangel
Total Cost of Attendance (COA) 21,180 10,938 35,840
EFC 7,710 7,710 7,710
Financial Need 13,740 3,228 28,130
Grants/Scholarships
Federal Pell 0 0 0
Other Federal & State Grants 1,500 5000 0
University Grants & Scholarships 2,000 0 13,500
Outside/Private Scholarships 1,500 1,500 1,500
Total Gift Aid 5,000 6,500 15,000
Other Aid
Work Study 0 0 2,100
Student Loan Options
Federal Direct (Subsidized) 3,500 3,500
Federal Direct (Unsubsidized) 2,000 2,000
Total Loans 5,500 5,500

COA 21,180 10,938 35,840


Minus Gift and Other Aid 5,000 6,500 17,100
Family Share Before Loans 16,180 4,438 18,740
Family Share Using Loans 10,680 0 13,240
EFC > $ 12000
MSU OTC Evangel
Total Cost of Attendance (COA) 21,108 10,938 35,840
EFC 18,585 18,585 18,585
Financial Need 2,595 17,255
Grants/Scholarships
Federal Pell 0 0 0
Other Federal & State Grants 0 5,000 0
University Grants & Scholarships 2,000 1,500 8,300
Outside/Private Scholarships 1,500 1,000 1,400
Total Gift Aid 3,500 7,500 9,700
Other Aid
Work Study 0 2,100
Student Loan Options
Federal Direct (Subsidized) 0 3,500
Federal Direct (Unsubsidized) 5,500 2,000
Total Loans 5,500 5,500

COA 21,180 10,938 35,840


Minus Gift and Other Aid 3,500 7,500 11,800
Family Share Before Loans 17,680 3,438 24,040
Family Share Using Loans 12,180 0 18,540
Federal and State Grants

Federal Pell Grant


 Need-based federal grant
 EFC less than 5300
 Max award for 2017-18 $5920
 Enrollment can vary

Federal SEOG (Supplemental Educational Opportunity Grant)


 Need-based federal grant for students with exceptional need
 Not all schools participate
 $100-$4000 depending on need and availability of funds

Federal Work-Study
 Part-time job for students with need
 EXAMPLE:
$21,860 (An average Cost of Attendance at a state school in Missouri)
-0 (EFC of a needy student)
-5,920 (Max Pell Grant)
-1,850 (Access Missouri Grant)
-2,000 (Institutional aid)
-$5,500 (Federal Loans)
=$6590 Unmet need/Gap
Filling the Gap with Scholarships

Institutional scholarships
 Check with Financial Aid Office to apply for any and all institution scholarships
 Foundation, Performance, and Athletic Scholarships
Private scholarship resources
 High school counselors
 College financial aid counselors
 Community organizations such as Ozark Community Foundation
 Scholarship Central

Tips for students


 Dates and Deadlines
 Private scholarships may have early deadlines, usually no later than April 1 of Senior year
 Local scholarships may be easier to obtain than national
 If they are renewable – what are criteria to renew?
 Follow instructions
 Scholarships add up, apply for many!
Filling the Gap: Payment Plans

Monthly installments for the remaining balance due

Ex: 4-Month Payment Plan for a remaining bill of $1,829


 1st payment - $483.50
 2nd payment - $448.50
 3rd payment- $448.50
 4th payment- $448.50
 Total $1,829

Usually interest free, but enrollment or application fee per semester (Ex: $35-95) and
additional late payment fees (Ex: $30).
 Credit card payment subject to convenience fee.
Filling the Gap: Federal Loans

 Dependent Student Direct Loans based on Grade Level


 1st year $5,500
 2nd year $6,500
 3rd year $7,500
 4th year $7,500
Filling the Gap: Federal Loans

Federal Stafford Direct Loans

Student is the borrower


 NOT credit-based
 Fixed interest rate of 4.45% for undergraduate students
 1% origination fee deducted from each loan disbursement
 Funds sent each semester to school
 Repayment begins 6 months after graduation or student falls below half-time
attendance
 Deferments and Forbearance provisions, as well as numerous repayment options
available
Filling The Gap: Federal Loans

Subsidized Stafford Direct Loan


 Need-based (unmet need is required)
 Government pays the interest during in-school enrollment

Unsubsidized Stafford Direct Loan


 Not need-based, anyone can receive
 Interest accrues beginning on the day it is disbursed
Filling the Gap: PLUS Loans

 Some schools list on the award letter


 Borrower is parent of dependent undergraduate student
 May borrow up to the COA, less other aid awarded
 Fixed interest rate of 7%
 4.2% origination fee
 Credit approval required
 If parent is denied PLUS loan, student is eligible for additional Unsubsidized
Stafford Loan
 Repayment begins 60 days after full disbursement or 6 months after the student
has graduated/withdrawn
Filling the Gap: Private Loans

 Credit-based
 Students with little credit will need a co-signer
 Interest rate is either fixed, or variable and based off a rate index such as
LIBOR or Prime
 Typically higher rates and fees
 Less repayment provisions
Filling the Gap: Other Resources

 Regional Resources
 Statewide resources - MDHE
 Resources for Missouri Residents
 Links and Resources for High School and College Students

Missouri Scholarship & Loan Foundation
 Interest-free loan
 Scholarships
 Emergency grant
Interesting Information

 Can use A+ in the summer directly after graduation prior to attending a 4


year university…………..(always changing must check prior to use)
 HOWEVER!!!! It could waive your first time freshmen scholarships at the 4 year
university *****CHECK WITH THE FINANCIAL AID OFFICE
 Not able to use A+ in the summers between 4 year universities
 Could go to a 4 year university and then transfer to a 2 year college and
use A+ the key is must be a degree seeking student (as long as hours etc
have not been maxed in A+)
 If you choose to use A+ make sure the classes transfer
 Associates of Arts vs Associates of Science
RECAP

 Apply to college
 Check important/priority deadlines with the school
 Office of admissions

 Financial Aid Office

 Housing Office

 Fill out the FAFSA


 Get EFC

 Send to schools (designate on the FAFSA)

 Receive Financial Aid Packet from School


 Determine amount of need

 “Your Gap”

 Turn back what you don’t need if possible

 Verification…..

 Apply for Scholarships


 Check with your school about housing if you plan to live on campus
Questions

 My Email
 aellis@sarcoxie.k12.mo.us