Paying for Postsecondary Education

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Financial Aid Award Letter • Official notification from school about financial aid, terms and conditions • Lists the type and amount of each award to be received • Describes what must be done to accept or reject any award • Discloses students rights, responsibilities and academic requirements
Reviewing the Financial Aid Package • After reviewing their packages, students should be sure they know and understand the following: » How much of the financial aid is free money? » Which awards are based on need, and which are based on merit? » Are there any conditions on the free money; in particular, is there a GPA requirement? » Will awards change from year to year? » Will institutional awards increase as tuition increases? » Will loans be needed? If so, how much?
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 and 16: The process continues Department of
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: Calculating Financial Need Schools/
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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