CAL-SOAP PRESENTS… Financial Aid Basics. How much does college cost?

CAL-SOAP PRESENTS…

Financial Aid Basics

What you need to know to pay for your education…

How much does college cost?

Registration Fees Only

University of California$13,200

California State University$7,025

California Community College

$1,104

Private Universities$32,100

University of California

Total$33,000

Fees/Tuition

$13,200

Books and supplies$1,550

Room and board

$13,400

Transportation

$1,300

Miscellaneous

$3,550

Cal State Total

$24,394

Fees/Tuition$7,025

Books and supplies$1,666

Room and board

$10,924

Transportation

$950

Miscellaneous

$3,829

Community College Total$15,129

Fees/Tuition$1,104

Books and supplies$1,675

Room and board$7,900

Transportation

$1,200

Miscellaneous

$3,250

How do I pay for college?

Paying for Your Education

Federal Aid

Grants

Scholarships

Loans

Personal Savings

Free Application for Student Aid

Federal and State Financial Aid

What is FAFSA?

Make-or-Break CriteriaWe provide information about:Postsecondary Education

Financial Aid

Package

determined by FAFSA

Cal Grants

Federal Loans and

Grants

College and

University

Grants

Federal Work Study

Parent PLUS Loan

How the FAFSA determines your Financial Aid

• The amount of money you receive is based on your Expected Family Contribution (EFC)• EFC= The amount your family is expected to pay for

your college based on family income

Total Cost of Attenda

nce

Expected

Family Contribution(EFC)

Financial

Need

For Example

You have 3 colleges in mind

UCSD[living on campus] $31,700

$23,444

SDSU[living on campus]

$1,000

Mesa College[living at home]

$1,000

$30,700

$22,444

$11,445

Cost of Attendance

EFCFinancial

Need

$1,000 $10,445

College Costs in Thousands

COA COA COA

COA EFC Federal Eligibility

COA - EFC = Federal EligibilityCost of Attendance – Expected Family Contribution = Federal Eligibility

30

20

0

10

15

(For grants, scholarships, work-study, and loans)

(Tuition/fees, residence, meals, books, transportation, and personal expenses)

(9)

What should I do next?

Apply January 1st- March 2nd

First come first serve!

Complete the FAFSA at www.fafsa.ed.gov

Student and a Parent MUST get a PIN number to sign FAFSA online!

Get your PIN numbers NOW!www.pin.ed.gov

Get a PIN for yourself and one parent (custodial): www.pin.ed.gov

Step 1

(optional): Print out a FAFSA on the web worksheet onlinehttp://www.fafsa.ed.gov/

Step 2

Complete the FAFSA online before March 2 www.fafsa.ed.gov

Step 3

Review your Student Aid Report (SAR)

Receive financial aid packages from each of your colleges of interest

Step 4

Step 5

To apply for a Cal-Grant.

Submit electronically or mail

Begin submitting November 2012

Deadline for submission is March 2, 2013

Submit GPA Verification Form

www.scholarships.com

www.collegenet.com

www.fastweb.com

Cal-SOAP

www.collegeboard.com

Counselors and Teachers

Scholarship Books

Finding Scholarships

financial aid application administered by the College Board

required by some independent colleges and scholarship organizations to award private aid.

Available online at https://profileonline.collegeboard.com.

There is a fee to apply and fee waivers are available.Deadline for submission varies by institution.

CSS/ Financial Aid Profile

Cash For College Workshops

Flyer

Contacting Cal-SOAP…

Find our representatives at local Cal-SOAP college and career events. For events and general college information:

www.sandiegocalsoap.com Questions? Call our office: (858) 569-1866