Paying for Postsecondary Education

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What School Costs are Considered? • School costs include: Tuition and fees Room and board Books and supplies Transportation Miscellaneous living expenses You can receive financial aid up to the total of the school regardless of your EFC! Child care, if necessary
Determining Need-Based Eligibility • Student submits FAFSA • Family undergoes Need Analysis • Expected Family Contribution (EFC) is determined based on: » Parent income and assets » Student income and assets » Family size » Number of children in college » Age of the older parent • This is NOT necessarily the amount you will pay each year!
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 and 14: Electronic Signature: Create an FSA
Page 15: The process continues Department of
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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