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What types of financial aid are available and in what order are they awarded? 1. Scholarships and Fee Waivers 2. Grants 3. Work-Study 4. Student Loans: Subsidized, Unsubsidized, Perkins, Parent PLUS 46
www.fafsa.ed.gov The Free Application for Federal Student Aid (FAFSA) is used to determine your eligibility for Federal Student Aid. It is also used by some states and schools to determine eligibility for programs they offer. To receive federal student aid all the following requirements must be met: Be a citizen or eligible non-citizen of the United States with a valid Social Security Number Register (or have registered) for Selective Service (required for male students) Have a high school diploma or GED certificate Attend a participating school (a school that receives Title IV aid) Enroll in an eligible program as a regular student seeking a degree or certificate Make satisfactory academic progress Don’t have any drug convictions Don’t owe a refund on a federal grant or be in default on a federal education loan The information and documents you’ll need to complete the FAFSA are: Social Security Number Driver’s License Number (if any) Current W-2 Forms and any other records of money earned Current Federal Income Tax Return Parent’s current Federal Income Tax Return (dependent students) Current untaxed income records - Social Security, Temporary Assistance to Needy Families, Public Assistance, or Veterans Benefits Records Current bank statements Current business and investment mortgage information, business and farm records, stock, bond, and other investment records Alien registration card (if you are not a U.S. citizen) The best way to complete your FAFSA is online because it decreases the processing time and the information can easily be transferred to your renewal FAFSA in future years. To sign your application online or to check on the status, you will need a FAFSA PIN number. You can get a PIN number by choosing the option “Register for a PIN” on the home page at www.fafsa.ed.gov or go to www.pin.ed.gov. Note: The FAFSA is free and you should NEVER pay any fee to complete it. To avoid scams it is recommended that you use the official FAFSA site www.fafsa.ed.gov. Visit www.mus.edu/Prepare for all your financial aid questions. 47
Page 1 and 2: GET MONEY SMARTS Take Your First St
Page 3 and 4: Introduction The Office of the Comm
Page 5 and 6: Goals generally fall into one of tw
Page 7 and 8: Beginning Sound Money Management Pr
Page 9 and 10: Next — Open a Checking Account Ho
Page 11 and 12: The example below shows you how to
Page 13 and 14: Each month your bank will send you
Page 15 and 16: How much will your paycheck really
Page 17 and 18: How does a person choose a career?
Page 19 and 20: 17
Page 21 and 22: Visit www.mus.edu/Prepare to start
Page 23 and 24: What changes are on the horizon for
Page 25 and 26: It is very easy to fall into the ha
Page 27 and 28: COMMON MISTAKES YOUNG ADULTS MAKE W
Page 29 and 30: All About Credit What is Credit? Cr
Page 31 and 32: What information should you researc
Page 33 and 34: Credit cards are easy to use becaus
Page 35 and 36: Credit cards don't put people in de
Page 37 and 38: SAMPILIE REP10,RT Consumer Credit R
Page 39 and 40: 3-in-1 Credit Report Continued….
Page 41 and 42: Once you have built an excellent cr
Page 43 and 44: Steps to Improve Your Credit 4. Avo
Page 45 and 46: Amy worked hard to graduate from hi
Page 47: Montana Colleges & Universities Sch
Page 51 and 52: Scholarships Scholarships are a for
Page 53 and 54: An important part of your financial
Page 55 and 56: Year First-Year Undergraduate Annua
Page 57 and 58: Total Amount Borrowed 4.00% 5.00% 6
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Page 61 and 62: When do I begin repaying my federal
Page 63 and 64: Consolidation Consolidation is the
Page 65 and 66: What is Default? To default means y
Page 67 and 68: I PLEDGE TO: $ Set goals for the fu

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