SEED Overview CTS Overview Why Financial Educa7on? SEED Financial Educa7on Model SEED Advocacy
Sep 03, 2014
SEED Overview CTS Overview Why Financial Educa7on?
SEED Financial Educa7on Model SEED Advocacy
Why does SEED exist?
2
Only half of all low-‐income high school graduates immediately enroll in college.
Only one in ten low-‐income, first-‐genera4on students that enroll in college earn a bachelors degree.
Even those who make it to their first day of college are unlikely to see gradua;on day.
SEED Overview CTS Overview Why Financial Aid? SEED Financial Aid Model SEED Advocacy
SEED is more than a school. SEED brings students together in a 24-‐hour-‐a-‐day, 5-‐day-‐a-‐week community with highly dedicated teachers, counselors, and College Transi:on & Success (CTS) specialists focused on college readiness and comple7on.
SEED Overview CTS Overview Why Financial Aid? SEED Financial Aid Model SEED Advocacy
SEED Overview CTS Overview Why Financial Aid? SEED Financial Aid Model SEED Advocacy
CTS: Services from 6 -‐ 16
SEED’s College Matching Tier System
5
OUR GOAL: COLLEGE COMPLETION
8% 11%
% earning a bachelor’s degree within six years
Lowest income quar7le students
Low-‐income, first-‐genera7on students who enroll in college All SEED graduates who graduated from high school 5+ years ago SEED graduates who enrolled in CTS-‐recommended colleges
54% Na;onal Average, 31%
33%
SEED Overview CTS Overview Why Financial Aid? SEED Financial Aid Model SEED Advocacy
College affordability is a na7onal problem.
College students are paying more as state financial aid drops. Median debt load = Approx. $22,000
SEED Overview CTS Overview Why Financial Aid? SEED Financial Aid Model SEED Advocacy
Many colleges have high costs and low gradua:on rates.
College or University Average Annual Cost ASer Grants & Scholarships
Six-‐Year Gradua:on Rate
School 1 $14,207 8%
School 2 $16,257 29.2%
School 3 $9,489 39.7%
SEED Overview CTS Overview Why Financial Aid? SEED Financial Aid Model SEED Advocacy
Affording college is a challenge.
The world of financial aid can be overwhelming… Every college is different and there are mul7ple layers of complexi7es. Many colleges offer liZle to no ins7tu7onal financial aid. Some colleges reduces ins7tu7onal scholarships when students receive local/outside scholarships. Most colleges don’t offer a loan-‐free educa7on.
SEED Overview CTS Overview Why Financial Aid? SEED Financial Aid Model SEED Advocacy
SEED is taking a proac7ve approach.
The world of financial aid can be overwhelming… Every college is different and there are mul7ple layers of complexi7es. Many colleges are expensive, and a lot of them offer liZle to no ins7tu7onal financial aid. Numerous colleges offer scholarships to a few students. Some even punish students for receiving outside scholarships. Most colleges don’t offer loan-‐free educa7on.
…Unless you are an informed consumer. SEED has a financial educa:on model designed to simplify the complexi:es. SEED has iden:fied colleges that are affordable and offer numerous financial aid op:ons. SEED has iden:fied colleges that give scholarships and encourage students to win outside scholarship dollars. SEED helps students find and apply to scholarships. SEED has iden:fied colleges that offer loan-‐free and limited loan degree op:ons.
SEED Overview CTS Overview Why Financial Aid? SEED Financial Aid Model SEED Advocacy
SEED advises students and families
about making college affordable.
Financial educa:on is a cri:cal part of SEED’s CTS program. We provide: • Tools to evaluate college grants, loans, and work opportuni7es.
• Counseling to help match students to affordable colleges.
• Assistance to complete and submit winning scholarship applica7ons.
• Training to make informed, quality financial decisions.
SEED Overview CTS Overview Why Financial Aid? SEED Financial Aid Model SEED Advocacy
Snapshot of Financial Educa:on Model • 25 student workshops (grades 6 – 12) • 12 family workshops (grades 6 – 12) • Curriculum integrated weekly with financial aid and financial literacy skills (grades 6 – 12)
• Regular advising services via webinars, phone, and in-‐person sessions (during college years)
SEED Overview CTS Overview Why Financial Aid? SEED Financial
Aid Model SEED Advocacy
Financial Educa:on Workshops Middle School
SEED Overview CTS Overview Why Financial Aid? SEED Financial Aid Model SEED Advocacy
Grade Curriculum Student Workshops Parent Workshops
6 The Classroom Economy
Math is Important I (October) Math is Important II (November)
Intro to SEED's Financial Educa7on Model (September) Inves7ng in a College Educa7on (October)
7 College Is My Future
Career By Degree (October) Financial Aid Checklist (November)
College Costs (November)
8 College Is In My Future
Know How to Go (October) Knowledge is Power (November)
Savings and Inves7ng (November)
Financial Educa:on Workshops High School
SEED Overview CTS Overview Why Financial Aid? SEED Financial Aid Model SEED Advocacy
Grade Curriculum Student Workshops Parent Workshops
9 TG Financial Literacy
Needs and Wants (October) Credit Basics (November)
Intro to SEED's Financial Educa7on Model (September) Needs and Wants (October)
10 TG Financial Literacy
Looking for College Scholarships (October) Managing Credit (November) Book of College Majors (February)
Looking for College Scholarships (October) Managing Credit (November)
Financial Educa:on Workshops High School (cont.)
SEED Overview CTS Overview Why Financial Aid? SEED Financial Aid Model SEED Advocacy
Grade Curriculum Student Workshops Parent Workshops
11 TG Financial Literacy
Spending Plans (September) Looking for College Scholarships (October) How Do You View Money? (November, December, January, February) (4 classes) How to Write a Scholarship Essay Part 1 How to Write a Scholarship Essay Part 2
Looking for College Scholarships (October) The Financial Aid Process (February)
Financial Educa:on Workshops High School (cont.)
SEED Overview CTS Overview Why Financial Aid? SEED Financial Aid Model SEED Advocacy
Grade Curriculum Student Workshops Parent Workshops
12 TG Financial Literacy Employee Compensa7on (September) Financial Aid Checklist (September) Monitoring Spending (November) The Financial Aid Process (November) Financing a College Educa7on (December) Comparing Financial Aid Offers (January)
The Financial Aid Process (November) Financing a College Educa7on (December) FAFSA Comple7on Night (February) Comparing Financial Aid Offers (February)
SEED Overview CTS Overview Why Financial Aid? SEED Financial Aid Model SEED Advocacy
Financial Educa:on Workshops High School Course Snapshot
Workshop Curriculum: TG Financial Literacy Student Workshop: Comparing Financial Aid Offers Family Workshop: Comparing Financial Aid Offers Grade: 12 Workshop Objec:ve: Students and families will understand the components of a financial aid award leZer, including how to review and compare offers from different ins7tu7ons before making a final decision. Workshop Agenda: • Financial Aid Programs Review • 10 Financial Aid Offer Characteris7cs • Financial Aid Packaging • Sample Financial Aid Packages • Analyzing Financial Aid Offers • Applying for Late Spring Scholarships
Financial Educa:on Workshops Your College Years (Sample: College Year 1)
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It’s Working! Successfully help students complete financial aid appeal processes Emergency support and financial aid counseling provided to reduce tui7on, fees and housing costs Affordable college selec7ons are being made resul7ng in a reduc7on of student loan debt
SEED Overview CTS Overview Why Financial Aid? SEED Financial Aid Model SEED Advocacy
And we’re sharing our lessons learned. • U.S. Department of Educa7on Mee7ngs • White House Ini7a7ve on Historically Black Colleges and
Universi7es • Best Prac7ces Sharing with Maryland, Illinois, and more!
SEED Overview CTS Overview Why Financial Aid? SEED Financial Aid Model SEED Advocacy
Let’s improve college comple7on rates by…
Improving financial
educa:on awareness and making informed college and financial aid decisions.
Ques7ons?