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*https://www.cfnc.org/index.jsp
*https://fafsa.ed.gov/
*http://www.collegequest.com/different-types-of-financial-aid-for-college.aspx
*https://fafsa.ed.gov/help/before003.htm

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How do you compare financial aid packages from different colleges?

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How do you compare financial aid packages from different colleges?

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*You compare them side by side with all the awards and money, and see which one offers what you want the most.
*Use a compare aid awards calculator for example.

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*Different types of financial aid from multiple sources
*Helps you fill the gap between your ability to pay, your expected family income and college costs.

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What information is needed to complete the FAFSA application? 

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What information is needed to complete the FAFSA application? 

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*Social Security Number or Alien Registration Number
*Federal income tax returns
*Bank statements and records of investments
*Records of untaxed income
*FSA ID to sign electronically.

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*FAFSA is a form that can be prepared annually by current and prospective college students, undergraduate and graduate, to determine their eligibility for student financial aid.

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*Submit a Free Application for Federal Student Aid (FAFSA).
*Apply to multiple scholarships and other financial aid opportunities

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How is eligibility of need-based aid determined?

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How is eligibility of need-based aid determined?

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*Its determined by a need analysis formula that subtracts the student's expected family income from a college's total cost of attendance to determine financial need.

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*Students Employment Programs- Provides Federal Employment opportunities to students who are enrolled or accepted for enrollment as degree seeking students taking at least a part time academic, technical, etc. load.

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*Loans- Money that is borrowed that is expected to be paid back with interest.

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*Merit Awards- Grants, scholarships and discounts that a college awards to an admitted student without regard to financial need.

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*Scholarships and Grants- Awarded to students with certain qualities, such as proven academic or athletic ability.
*They can come from the federal or state government, a college, etc.,  to fund a student's college

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Describe the specific types of financial aid 1.)Scholarships and grants                      2.)Merit Awards  3.)Loans             4.)Student Employment programs.

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Describe the specific types of financial aid 1.)Scholarships and grants                      2.)Merit Awards  3.)Loans             4.)Student Employment programs.

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*Financial aid helps students and families pay for college.
* It is any grant, scholarship, loan or paid employment offered to help a student meet their expenses.

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Explain the different categories of financial aid                      1.)Need-based       2.)Merit-based          3.)Gift aid                4.)Self-help aid   

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Explain the different categories of financial aid                      1.)Need-based       2.)Merit-based          3.)Gift aid                4.)Self-help aid   

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*Need-based: Is awarded on the basis of the financial need of the student.
*The FAFSA application is generally used for determining federal, state, and institutional need-based aid eligibility.

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*Merit-based- A term for grants, scholarships and discounts that a college awards to an admitted students without regard to their financial need.

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Gift aid- Financial aid that does not require repayment, such as student grants and scholarships.

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*Self-help aid- Aid that the student earns through work or is required to pay back.
*Student loans and work-study are both self-help aid.