Financial Aid Literacy NSHS Class of 2020 What is financial aid? - - PowerPoint PPT Presentation

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 2nd

FAFSA or CA Dream Act (CADAA)

Complete the FAFSA if you are a: Person who has a Social Security number who is either:

• A U.S. Citizen
• An eligible non-citizen, per the FAFSA

definition, or

• The holder of a T-visa
• A U.S. Citizen, eligible non-citizen or

the holder of a T - Visa whose parent is undocumented Complete the CADAA if you are a: Student who is not eligible to file the FAFSA and:

• You do not have legal residency in CA
• r the US
• Meet the requirements of AB 540 or

AB 2000 and/or

• Reside in California with a U-Visa or
• Reside in California with a Temporary

Protected Status (TPS)

Types of Financial Aid

Grants

• Grants are free money that you

don’t have to pay back

• Come from the federal and

state government, and college/universities too

• Can be merit or need based
• Common grants include: Pell

Grants, SEOG, Cal Grants, grants and institution grants

Federal grants

• 1. Federal Pell Grants
• 2. Supplemental Educational

Opportunity Grant (“SEOG”)

• 3. Federal TEACH grant

State grants

• 1. State University Grants (at CSUs)
• 2. EOP Grant (varies from CSU to

CSU)

• 3. Middle Class Scholarship
• 4. Cal Grants

CAL Grant A, B, C

Other State Grants

State University Grants

• Offered at the CSUs
• Covers cost of tuition (at least $5,472 or more)
• Need-based

Educational Opportunity Program (EOP) Grants

• Offered at the CSUs
• Need to be in EOP Program
• Varies by year and by institution

Ex: SJSU’s is $500 per semester last year

Middle Class Scholarship

• Offered to students attending CSU or UC
• No set amount: varies by institution and student need
• For students whose parents have up to $171,000 income and

assets

Chafee Grant

• Assists students who are or were in foster care for at least 1 day

between ages of 16-18

• 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...

• 12th Grade Google classroom
• Scholarship board in

counseling office

• Viking Gold Scholarship

Program

• District website

Application Process

• Application Form
• Letter of Recommendation(s)
• Essay response
• Resume

Fraud indicators

• Credit card information
• Has cost or application fee
• No contact information for

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

What’s Next?

✓ October 1st: Financial aid literacy presentations ❏ October 8th: FSA ID workshops ❏ October 16th: THE BIG DAY, FAFSA/CADAA application completion/submission!

Deadline for FAFSA and CA Dream Act is March 2nd

What’s next?

What will I need to complete my financial aid application? Which application will I complete?

CHECKLIST

October 8th

FSA ID Workshop

• 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

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/