Amy Malasky Financial Aid Advisor Wake County Schools Things I Can Do Now 1 Introduce yourself to your counselor 2 Reflect on teachers who could provide recommendations in senior ID: 648357
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Slide1
Financial Aid for Juniors
Amy
Malasky
Financial
Aid
Advisor
Wake County SchoolsSlide2
Things I Can Do Now:
1. Introduce yourself to your counselor.
2. Reflect on teachers who could provide recommendations
in senior
year.
3.
Create a college list and make visits
.
4. Create an informal resume. What have you been doing outside of academics?
5. Begin the scholarship search but DON’T pay
.Slide3
Plan Ahead
Create a calendar of important dates:
1. Application deadlines (regular, early decision, early action)
2. Scholarship deadlines
3. FAFSA deadlinesSlide4
College Matriculation
First apply
for admission to
colleges.
Apply for financial aid to help pay for college.
Receive award letters from colleges.Make a decision about where to attend and let the college know.Pay a deposit and attend orientation for new students.Slide5
What is financial aid?
Money set aside
to
help students pay for collegeSlide6
Types of Financial Aid
Gift Aid
Scholarships
Grants
Self-help
Aid
Loans
-Subsidized
-Unsubsidized
Work
StudySlide7
How do I apply for financial aid?
Complete
the
FAFSA
(Free Application for F
ederal
S
tudent
A
id)
www.fafsa.gov
* In some cases the CSS/Financial Aid PROFILE® may also be required.Slide8
What happens after I submit the FAFSA?
Receive your Expected Family Contribution (EFC).
Receive a Student Aid Report from Department of Education.
Make any necessary corrections to FAFSA and resubmit.
Colleges receive the information and create award letters
College #1 College #2
Cost of Attendance
$20,000 $4,000
EFC
-
$2,500
- $2,500
Financial Need
$17,500 $1,500Slide9
When can I complete the FAFSA?
-
Anytime after
October
1, 2016
- 2015 income taxes used to complete the FAFSAUse the IRS Data Retrieval
Tool to assist you.
Repeat each
year.
Submit the FAFSA before colleges’ priority deadlines.Slide10
Where can I go for help?
FAQs and Live chat available at www.fafsa.gov
Click the answer box on the FAFSA document for helpful hints.
Make an appointment with your financial aid advisor.
Contact your college’s financial aid department.