district 51 financial aid overview curt martin colorado mesa university
TRANSCRIPT
Show Me the Money!
• Need-Based Grants• Merit-Based Grants
o Academic Achievemento Athleticso Talento Community Serviceo Only applicant
• Loans• Savings• Work
Prepare!
• Things to gather for need – based aid– Name, SSN, DOB– Federal Tax forms– Other Income– Assets
• Find Out the cost of the college
Cost of Attendance
Billed Expenses College A College B
Tuition $7,000 $28,600
Fees 268 300
Room 5,194 6,500
Board 3,430 3,450
Total Billed $15,892 $38,850
Out-of-pocket Expenses
Books & Supplies $1,698 $1,698
Transportation 1,200 1,200
Personal Expenses 1,942 1,942
Total Out-of-Pocket $4,840 $4,840
Total Cost of Attendance $20,732 $43,690
Preparing for Scholarships
• Do well academically
• Join Groups
• Become civic-minded
• Keep a diary
Look!
• High School Guidance Counselor• College Web Sites• College Financial Aid Offices• Local Businesses & Banks• Your Place of Employment (Parents Too)• Clubs and Churches• Magazines, Newspapers, TV, Soda Cans,
Wrappers• The Web in General
Student Debt Is Real
• So smart, so successful – so broke?
• Don’t become a statistic!• For students ages 18-24, one-third of their
income is spent on debt• Average student loan debt is $26,500 (not
counting private loans)• Average student credit card debt is $4,100 at
graduation (2009)• More 21-to-24-year-olds are declaring
bankruptcy than graduating from college
What’s your Plan?
• Starting Salary: $40,000 per year• Take Home: $2400 per month (after taxes,
medical insurance, retirement)
• Payments: Rent ($750)Student Loan ($225)Car payment ($400)Utilities ($350)Credit Card ($125)Food ($350)Insurance ($150)Emergencies ($ 50)(dates, clothes, etc.)
Financial Aid Process
January – March
• Complete FAFSA www.fafsa.ed.gov• Complete scholarship applications• If attending college in Colorado, complete
COF at https://cof.college-assist.org/• Verification documents requested by
college
Financial Aid Process
April – July
• Award notification sent to student• Complete Master Promissory Note (MPN)
and loan entrance counseling https://studentloans.gov/
• Parent needs to complete credit check and MPN for Parent Loan for Undergraduate Students (PLUS)
Financial Aid Process
August – October
• Check in with Financial Aid office to verify that everything has been completed
• Financial Aid will be disbursed either 3 days before class or 2 weeks after classes start
November – December• Search for scholarships for next academic
year• Repeat process each year
PIN
• www.pin.ed.gov
• Useful as an e-signature for FAFSA completion
• Parent and student may both apply for PIN
FYI
• IRS data retrieval
• Also available for Corrections
• Available starting February 15th–28th
• Electronically filed tax return information will be available from the IRS in 1-2 weeks, data from paper tax returns will be available in 6-8 weeks.
IRS Data Retrieval
• Once the applicant has successfully authenticated, tax data will be presented and the applicant will have the option to “Transfer” the tax information to the FAFSA
• Transferred data will have a notation - “Transferred from the IRS”
Helpful Web Sites
• College in Colorado: www.collegeincolorado.com• Scholarship Search: www.fastweb.com• FAFSA: www.fafsa.ed.gov• PIN: www.pin.ed.gov• MPN: www.studentloans.gov• U.S. Department of Education: www.studentaid.ed.gov• General financial aid information: www.finaid.org
FAFSA Help
• Central High School February 7, 2013 Library, 6:30-7:30
• Fruita Monument HS February 11, 2013 Library, 6:30-7:30
• Palisade High School February 12, 2013 Library, 6:30-7:30
• Grand Junction HS February 13, 2013 Room 110, 6:30-7:30
• College Goal Sunday - Colorado Mesa University February 10, 2013 ACB – 2nd Floor 11:00-2:00
Questions?
• Colorado Mesa University Financial Aid Office:– 1-800-982-MESA (Main Line)
– (970) 248-1396 (Financial Aid) – www.coloradomesa.edu/finaid
• Financial Aid Counselors:– Ashlee Caddy– Jim Ciha– Patty Diekman– Rose Willett– Carol Lawrence– Sally Schuman– Heidi Waggoner