Paying for Postsecondary Education

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FAFSA Completion Page • Apply for your State Grant from the FAFSA Completion/Confirmation page • Start your state application to apply for Pennsylvania state based financial aid • TRANSFERS FOTW data to the State Grant Application
The process continues Department of Education’s Central Processing System uses the information to calculate and create your Need Analysis • EFC is calculated • SAR/ISIR - reports your eligibility for aid to you and your school choices • Grant eligibility is calculated • Schools receive your results • You apply/applied to your school choices • Once accepted - schools produce Award Letters (aid packages) • You compare Award Letters • Determine true costs of school and make choices
Page 1 and 2: Paying for Postsecondary Education
Page 3 and 4: Today’s Agenda Applying for Fina
Page 5 and 6: What Is Financial Aid? • Financia
Page 7 and 8: Where Does the Money Come From? •
Page 9 and 10: Starting the Financial Aid Process
Page 11 and 12: Know When to Apply for FAFSA & Your
Page 13: Electronic Signature: Create an FSA
Page 17 and 18: Determining Need-Based Eligibility
Page 19 and 20: Online State Grant Application •
Page 21 and 22: Federal Direct Loan Program • Ava
Page 23 and 24: Federal Direct PLUS Loan • For pa
Page 25 and 26: Alternative/Private Education Loans
Page 27 and 28: Calculating Financial Need Schools/
Page 29 and 30: Reviewing the Financial Aid Package
Page 31 and 32: Smart Borrowing
Page 33 and 34: How it Works MySmartBorrowing guide
Page 35 and 36: Be a Smart Consumer
Page 37 and 38: What Can You Do Now? • Student an
Page 39: QUESTIONS?

Paying for Postsecondary Education

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