Financial Aid Literacy NSHS Class of 2020
⇒ What is financial aid? ⇒ Applications: FAFSA & CADAA ⇒ Types of aid ⇒ Salinas Valley Promise ⇒ What’s next?
What is Financial Aid? Financial Aid is any grant or scholarship, loan, or paid employment offered to help a student meet his/her college expenses (i.e., tuition, room & board, books, supplies, and transportation).
Who Should Apply & Why? ● Everyone! ● All students should apply because there is aid based on: Financial need (many levels) ○ Academic merit (regardless of need) ○ ○ Program of study
FACT: Students who complete the FAFSA or the CADAA in the first three months from October 1st receive twice as much financial aid than those that wait until March 2nd. Deadline for FAFSA and CA Dream Act is March 2 nd
FAFSA or CA Dream Act (CADAA) Complete the FAFSA if you are a: Complete the CADAA if you are a: Person who has a Social Security number Student who is not eligible to file the FAFSA who is either: and: A U.S. Citizen You do not have legal residency in CA ● ● An eligible non-citizen, per the FAFSA or the US ● definition, or Meet the requirements of AB 540 or ● The holder of a T-visa AB 2000 and/or ● A U.S. Citizen, eligible non-citizen or Reside in California with a U-Visa or ● ● the holder of a T - Visa whose parent Reside in California with a Temporary ● is undocumented Protected Status (TPS)
Types of Financial Aid
Grants •Grants are free money that you don’t have to pay back Federal grants 1. Federal Pell Grants •Come from the federal and 2. Supplemental Educational Opportunity Grant (“SEOG”) state government, and 3. Federal TEACH grant college/universities too State grants •Can be merit or need based 1. State University Grants (at CSUs) 2. EOP Grant (varies from CSU to • Common grants include: Pell CSU) Grants, SEOG, Cal Grants, 3. Middle Class Scholarship grants and institution grants 4. Cal Grants
CAL Grant A, B, C
Other State Grants Offered at the CSUs ● ● Covers cost of tuition (at least $5,472 or more) State University Grants Need-based ● ● Offered at the CSUs Need to be in EOP Program ● Educational Opportunity ● Varies by year and by institution Program (EOP) Grants Ex: SJSU’s is $500 per semester last year ● Offered to students attending CSU or UC ● No set amount: varies by institution and student need Middle Class Scholarship ● For students whose parents have up to $171,000 income and assets ● Assists students who are or were in foster care for at least 1 day between ages of 16-18 Chafee Grant ● Up to $5,000 per year ● Renewable until age of 26
University of California Blue and Gold Plan Eligible families with incomes below $80,000 pay no tuition under UC’s Blue and Gold Opportunity Plan
Types of Scholarships ● Merit ● Service-based ● Sports ● Need-based ● Heritage ● Company ● School alumni ● Talent/trait/career
More on Scholarships... Application Process ● 12th Grade Google classroom ● Application Form ● Letter of Recommendation(s) ● Scholarship board in ● Essay response ● Resume counseling office Fraud indicators ● Viking Gold Scholarship Credit card information ● Program Has cost or application fee ● No contact information for ● ● District website scholarship committee Promises are too good to ● be true
Federal Work-Study ● Federal aid ● Provides part-time jobs for students, allowing students to earn money to pay for school ● Program encourages jobs based on student’s course of study and community service ● Say yes on your financial aid application!
Student Loans
Parent Plus Loan ● Allows parents to borrow money to pay for a dependent student's college education ● Are in the parent’s name and the parent is responsible for the loan ● Requires a credit check ● Max amount offered is student’s cost of attendance minus any other financial aid
Hartnell’s Salinas Valley Promise You pay zero in-state tuition as a 1st time, full-time college student! As a Salinas Valley Promise student, you will receive: ● Two years with zero in-state tuition, regardless of your household income ● A free Chromebook OR support for books OR meals Participation in a summer leadership institute and quarterly workshops with fellow Promise ● students ● Mentoring by a local professional ● Preparation for an immediate career or transfer to CSU, UC and other universities To qualify, students must: ● Enroll at Hartnell full-time (12 or more units per semester), maintain 2.0 + GPA ● Submit the FAFSA or CADAA by March 2nd ● Participate in a 3 day leadership institute as part of the Promise Program
Deadline for FAFSA and What’s Next? CA Dream Act is March 2 nd ✓ October 1st: Financial aid literacy presentations ❏ October 8th: FSA ID workshops ❏ October 16th: THE BIG DAY, FAFSA/CADAA application completion/submission!
What’s next? What will I need to complete my financial aid application? Which application will I complete?
CHECKLIST
October 8th FSA ID Workshop
FSA ID ● Set up your FSA ID if you will be completing the FAFSA ○ If you are a US citizen or have legal permanent residency but your parents do not, you will still complete the FAFSA ● Answer any questions before October 16th when we complete and submit the FAFSA/CADAA ● Remember...you should be creating your FSA ID ONLY IF you will be completing the FAFSA. Students completing the CADAA will not create an FSA ID
FSA ID Tutorial Video
FSA ID Website Google FSA ID OR go to: https://fsaid.ed.gov
Next Steps • IMPORTANT: Write down or save your FSA ID username and password • If you didn’t finish your FSA ID, come to the library at lunch on Friday, 10/11 • If your parent is a US Citizen or has legal, permanent residency they should create an FSA ID before (10/16) • Before creating an FSA ID, your parent will need to have an email and mobile number different from your own (help them set up an email account if they don’t already have one) If your parent is NOT a US Citizen or a legal, permanent resident they will not • create an FSA ID. They will sign the FAFSA via a paper signature page.
Reminder for October 16th ● Bring all documents from checklist ● Charge Chromebook
October 16th FAFSA/CADAA Application
Important reminders before you begin You are completing the 2020-2021 application • • Question #22 - Males must register for selective service to receive financial aid- do not miss this step in the application! • CADAA male students will have to complete a paper selective service form and mail it in- we have forms and envelopes for you • Step #6 - List all colleges you want your information sent to • You can add up to 10 schools. If you’d like to add more than 10, you may do so at a later time. • Include Hartnell College as one of your schools (even if you do not plan on attending)
Let’s Get Started! FAFSA: https://studentaid.ed.gov CA Dream Act: https://dream.csac.ca.gov/
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