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Financial aid presentation
- 1. College Admission tests S A T-college ($49) A C T-college ($49.50) C O M P A S S-technical ($10) When Where How
- 2. Estimated cost of attending the following colleges or universities for the year in 2010: USCL $5624 Anderson University $27,500 Clemson University $24,285 Coastal Carolina $21,118 College of Charleston $19,569 USC $21,498 Winthrop $17,339 Lander $15,612 Wofford $40,580 Duke $53,390 Harvard $52,000
- 3. So! Why do some colleges cost more than others?
- 4. Applying to college Which college-reach, match, & safety Be realistic with Financial Expectations College Admission deadlines College Admission requirements? (do the colleges of choice requirements and the high school graduation requirements match?)
- 5. SC requirements to graduate from High School- 24units English-4 units U S History-1 unit Economics-1/2 unit Government-1/2 unit Other Social Studies-1 unit Mathematics-4 units Science-3 units Computer Science-1 unit Phys Ed or JROTC-I unit Foreign Language- 1 unit for college prep (your college requires how many?) or Vocational-1 unit for tech prep Electives-7 units
- 6. A P courses Free or Nominal SC college credit For making a 3, 4 or 5 on the AP test Each AP course worth around $1100-$1200 depending the cost of semester hours Helps prepare for the rigor of college courses
- 7. What type college or University Large university-usually offers extensive and varied programs and cutting edge research Small private 4-year-commonly a liberal arts education and more personal interaction Technical or trade school-practical training and job skills Community College-2 years of general course work and associate degrees in certain fields
- 8. Financial Aid 1 thing st FAFSA Free Application for Federal Student Aid www.fafsa.ed.gov
- 9. Prepare for FAFSA Fill out taxes early Fill out fafsa online Do not pay for fafsa Do not pay for firms to do fafsa for you www.fafsa4caster.ed.gov
- 10. Different types of Financial Aid Non-need based aid Based on students achievements or characteristics Need-based aid Awarded to students who would not be able to pay for postsecondary education using only their familys financial resources.
- 11. 4 major types of financial assistance Grants-typically need based & depend on enrollment status-do not have to be paid back. Loans-to be paid back (some can be forgiven). Need or non-need based Scholarships- do not have to be paid back. Typically merit based Work-Study-students work on campus to help pay for college.
- 12. Where does your family find information about scholarships? Colleges or Universities Community Organizations Local or National Businesses On-Line Scholarship Searches Local Library Counselors Office School web page
- 13. State Academic Scholarships HOPE 3.0 regardless of rank or SAT score Good for only 1 year Converts to Life with a 3.0 Must earn 30 semester hours $2500 + $300 for books
- 14. State Academic Scholarships Life Must include 2 of the 3 3.0 GPA 1100 on SAT or 24 on ACT Top 30% of the graduating class $5000 including book allowance Must earn 30 semester hours
- 15. State Academic Scholarships Palmetto Fellows Must include all 3 criteria Top 6 % of the graduating class 3.5 GPA 1200 SAT or 27 ACT $6700 freshman year $7500 sophomore/junior/senior Must earn 30 semester hours
- 16. Acronyms COA-cost of attendance EFC-expected family contribution (comes from FAFSA) FN-financial need COA EFC = FN
- 17. status Is your student or guardian dependent or independent? When you have step children, whose income is used when filling out the FAFSA?
- 18. Overage checks Are you and your child prepared for overage checks?
- 19. Professional Judgment Call the financial aid offices The financial aid administrators will work with you.
- 20. Sticker shock! Do Not Get sticker shock!
- 21. There is no silver bullet! This information is like medicine While it will help cure the sick, it will not raise the dead!
- 22. The Springs Close Foundation Student loans Contact-Judy Rowell Tel 803-286-2197 Lancaster Tel 803-548-2002 Fort Mill Fax 803-416-4626 M-TH 8am-5pm Friday 8 am-2 pm