Chris Fant, Canyon High Keith Brown, Opportunity Plan Traci - - PowerPoint PPT Presentation

Presenters: Chris Fant, Canyon High Keith Brown, Opportunity Plan Traci Shields, Amarillo Area Foundation

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• FAFSA: The Free Application for Federal

Student Aid

• ALL Federal Aid (and much State and College

aid) is based on the FAFSA

• The basis for creating the total financial aid

package

• Myth: We make too much money
• Reality: Everyone can get loans if needed
• Everyone should complete the FAFSA
• Most school scholarships require the FAFSA
• Opened Oct 1- some aid is 1st come, 1st serve

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• Go to FAFSA.ed.gov, not FAFSA.com
• Make both student and parent FSA ID
• You will need
• Both student and parent 2015 tax return (or use IRS

Data Retrieval tool)

• Social Security numbers for parents and students
• Drivers license numbers
• List of schools interested in attending
• Records of untaxed income, that is, checking and

savings balances, investments, and other assets

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• Have problems?
• Both AC and WT Financial Aid offices are available to

help

• Circumstances change - Notify financial aid office
• If significant change in income
• If unusual financial circumstances such as high medical

bills

• FAFSA Completion Night Oct 17
• 6:00 – 7:30 come and go in 1304
• AC experts will be here
• See studentaid.ed.gov/sa/fafsa/filling-out

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• Next you will receive your SAR with your

Expected Family Contribution (EFC) – the amount the student and family are expected to pay

• At least 1/3 of all applicants are selected

for some sort of verification. This requires more documentation to the financial aid

• ffice. Be as careful and accurate as

possible when filling out the FAFSA to avoid this.

• Keep a copy of everything.

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Co Cost of At Attenda ndanc nce e (COA) Resident Budget: Tuition/Fees, Books/Supplies; Room/Board; Personal/Transportation Min inus us the Expected Family Contribution (EFC)— and and other financial aid Eq Equals ls Financial Need

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• You will receive notification from the

college of the financial aid awarded.

• You respond indicating which and how

much of the aid you will accept.

• When you enroll, the aid will be credited to

your account.

• See www.consumerfinance.gov/paying-for-

college to “compare financial aid offers” or bigfuture.collegeboard.org “compare your aid awards”

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• SCHO

HOLA LARSH RSHIPS IPS– “Gift Aid”—No Repayment

• GRANTS– “Gift Aid”—No Repayment. Colleges

distribute these funds, no other applications needed.

• WO

WORK STUDY- Self Help—Hourly Paid Employment

• LOANS

NS- Self Help—Must Be Repaid

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 Apply early for financial aid.  Re-apply each year.  Complete all forms neatly and accurately.

If forms are incomplete, and not legible they could be discarded and not reviewed.

 Keep copies of everything you send.  Read carefully everything you receive from

the college, state, or Federal government.

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It Starts With You!

• M. Keith Brown

Executive Director

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College- any educational level attained (university, community college, technical school) following graduation from high school

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 Average Annual Salaries*  High School Drop Out

$25,376

 High School Graduate

$34,376

 Bachelor’s Degree

$57,252

 Advanced Degree

$83,980

 According to the U.S. Census Bureau, college

graduates will earn approximately $2,422,000 over their lifetime while high school graduates will earn $1,371,000 over their lifetime.

 That’s a more than $1 million difference.

*compiled from Bureau of Labor Statistics website

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 Investment - “the act of putting (money) to use,

by purchases or expenditures, in something

• ffering potential returns, as interest, income,
• r appreciation in value”

 Look at reasonable debt for college as an

investment

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 Average cost in 2011

$87,804

 Average cost in 2015

$101,139

 Approximate 15%increase over five years  Average cost in 2020

$121,366 *Annual expenditures for tuition, fees, room, board, books and miscellaneous

expenses averaged between a variety of institutions chosen by OPI over a four-year period. Institutions included represent community colleges, state institutions, private institutions and technical academies.

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Estimated College Costs 2016-2017 Academic Year (AVERAGE COST $26,453)

09/28/2016

Amarillo College Deadline: March 1 Abilene Christian University Angelo State University Deadline: March 15 Baylor University Tuition/Fees $ 2,512.00 $ 32,070.00 $ 8,038.00 $ 42,206.00 Books/Supplies $ 1,656.00 $ 1,250.00 $ 1,200.00 $ 1,444.00 Room/Board $ 6,450.00 $ 9,730.00 $ 7,666.00 $ 10,576.00 Transportation $ 2,410.00 $ 1,450.00 $ 1,900.00 $ 1,876.00 Personal $ 1,514.00 $ 1,830.00 $ 1,580.00 $ 2,554.00 Total $ 14,542.00 $ 46,330.00 $ 20,384.00 $ 58,656.00 Clarendon College Deadline: April 1 Frank Phillips College Deadline: April 15 Lubbock Christian University Deadline: June 1 Midwestern State University Tuition/Fees $ 3,030.00 $ 2,800.00 $ 21,166.00 $ 8,620.00 Books/Supplies $ 1,600.00 $ 1,050.00 $ 1,100.00 $ 1,350.00 Room/Board $ 6,297.00 $ 6,753.00 $ 7,260.00 $ 8,012.00 Transportation $ 1,982.00 $ 1,916.00 $ 2,198.00 $ 1,986.00 Personal $ 2,400.00 $ 1,393.00 $ 2,460.00 $ 1,830.00 Total $ 15,309.00 $ 13,912.00 $ 34,184.00 $ 21,798.00 South Plains College Deadline: February 1 Texas A&M University Deadline: February 1 Texas Tech University Deadline: December 1 University of North Texas Tuition/Fees $ 2,918.00 $ 9,707.00 $ 10,622.00 $ 10,910.00 Books/Supplies $ 1,350.00 $ 1,054.00 $ 1,200.00 $ 1,000.00 Room/Board $ 6,450.00 $ 10,368.00 $ 9,384.00 $ 7,960.00 Transportation $ 4,309.00 $ 2,282.00 $ 2,300.00 $ 2,260.00 Personal $ 2,181.00 $ 3,474.00 $ 2,120.00 $ 2,116.00 Total $ 17,208.00 $ 26,885.00 $ 25,626.00 $ 24,246.00 University of Texas Deadline: December 1 Wayland Baptist University Deadline: March 1 West Texas A&M University Deadline: February 1

FAFSA

(Free Application for Federal Student Aid)

Tuition/Fees $ 9,810.00 $ 18,510.00 $ 7,666.00 October 1 availability Books/Supplies $ 662.00 $ 1,000.00 $ 1,000.00 Use 2015 income as reported to IRS Room/Board $ 10,070.00 $ 11,000.00 $ 7,196.00 www.fafsa.ed.gov Transportation $ 1,490.00 $ 2,000.00 $ 2,392.00 Personal $ 2,820.00 $ 2,256.00 $ 2,150.00 Total $ 24,852.00 $ 34,766.00 $ 20,404.00

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 Complete FAFSA

 (grants, loans, work study at www.fafsa.ed.gov)

 Apply for Admission

(www.applytexas.org)

 Apply for SCHOLARSHIPS

(local, private, institutional)

 Know DEADLINES

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 Remember this is

• ur only way to

know you!!

 Type your

application.

 Make sure all your

information is correct.

 Please use

appropriate email address.

 Essay

 Introduction,

Body, Conclusion

 Tell us about you

and your plans!

 Letters of

Recommendation

 1 from school  1 from outside

www.OpportunityPlan.com

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 Get involved in extra-

and co-curricular activities and stay involved through college.

 Start a list of activities,

community service and awards as you participate or receive.

 Get a job early and start

saving.

 Establish relationship

with people in the community for letters of recommendation.

 Start taking ACT/SAT

early and multiple times.

 Remember grades are a

factor in scholarship selections but often not the ONLY factor.

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 FAFSA

 Federal programs  Grants  Loans  Subsidized  Unsubsidized

 Scholarship

 Local  Private  Institution

 OPI

 Scholarships

(deadline April 1)

 Loans (preapproval

required)

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504 24th Street Canyon

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If you take responsibility for yourself, you will develop a hunger to accomplish your dreams.

• Les Brown

www.OpportunityPlan.com

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2017 Scholarship Program

Achieve the dream of going to college!

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• The Foundation manages 100+ scholarship funds
• In 2015, students from across the Panhandle were awarded

scholarships totaling over $348,000

• Over the past 35 years, the Foundation has awarded about

$5 million in scholarships

• We offer both renewable and one-time scholarships
• Scholarship award amounts vary
• Most funds require submission of the AAF online

application

Amarillo Area Foundations mission!

To improve the quality of life in the Texas Panhandle through effective philanthropic efforts.

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Why Should I Apply For Scholarships?

• Scholarships are an important piece of the

financial aid puzzle.

• Scholarships do not have to be paid back!!
• Scholarships are an investment in YOU and YOU

are worth it!

• If someone is going to get the $$$, why not YOU!

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Application Opens

November 2016

Application Deadline is

Friday, February 10, 2017 at 12:00 p.m. (noon)

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Start by clicking on the Scholarship Map tab here.

www.amarilloareafoundation.org

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Link only appears

• nce the

scholarship application opens in early November.

• 2. Link to

Scholarship checklist

• 1. Click on county

for list of scholarships

Direct link to the

• nline

registration/application.

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Scholarships listed by county

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Link to online application

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If students have technical difficulties with logging on, they will need to send an email to: scholarships@aaf-hf.org

If you have already setup your profile just log on. To setup your profile select register:

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This will also log you on Only Select Email becomes username – **keep email up to date

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AAF General Scholarship Application will be available early November

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Important Information

Pay attention to detail!

Your application is your resume. Make it count!

• Enter a working email address

Keep it updated as ALL correspondence is done via email

• Write an actual essay – do not provide 3 single-sentence answers
• Do not leave the Service Information section blank

Leaving this section blank reduces the students overall ranking by 27% and often eliminates them from consideration .

• Do not submit a transcript from last spring

The transcript must include fall 2016 grades.

• Do not submit a W-2 in place of a Form 1040 tax return.

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Important Information cont..

• SAT and/or ACT scores are not required. However if students have

their scores they should complete this section.

• Required attachments can be uploaded.
• If not uploaded, attachments can be emailed to scholarships@aaf-

hf.org by the application deadline – mailed attachments will be accepted with a postmark of 2/10/2017 or earlier.

• Pay attention to all Deadlines.
• Submitted data is permanent!

Once the application is submitted, there is no going back to make changes.

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Need Help?

Technical Difficulties?

To resolve technical problems, send an email to

scholarships@aaf-hf.org

• Username/password won’t work
• Having trouble submitting

You will need to provide the students first and last name with all correspondence.

General Scholarship Questions?

For all other scholarship related questions, please contact Traci Shields at the Amarillo Area Foundation

806-376-4521 traci@aaf-hf.org

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 Go to “Parents/Students”  “Counseling, Career &

Scholarship Info”

 “Scholarships and Financial

Aid”

 Find

• “Scholarship Databa

base se”

• “Individual Local Scholarships”
• “FAFSA Guide”

 FastWeb Scholarship Search

• www.fastweb.com

 Student Scholarships

• www.studentscholarships.org

 Scholly App (small fee)

• home.myscholly.com

 TG Adventures in Education

• www.aie.org/Sch

ww.aie.org/Scholarships

• larships

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