Financial Aid by Logan Cochran https://padlet.com/cochralo/n74jkw5hmjuu By: Logan cochran en-us 2016-10-03 19:03:15 UTC 2016-10-04 18:08:01 UTC hello@padlet.com cochralo https://padlet.com/cochralo/n74jkw5hmjuu/wish/127991883 a). What is financial aid?  Financial Aid helps students and their families pay for college.

]]> 2016-10-03 19:07:45 UTC https://padlet.com/cochralo/n74jkw5hmjuu/wish/127991883 b) cochralo https://padlet.com/cochralo/n74jkw5hmjuu/wish/128193368 b). Explain the categories, The Basics on Merit-Based Aid. Some money for college is awarded without regard for financial need. This type of college aid is usually awarded for a student's academic achievements in high school, as well as for special talents and unique traits, such as musical or athletic skills. , They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get. , Gift Aid is when they give you money. , Self-help aid includes work opportunities and loans, and is called self-help because the individual takes responsibility for receiving this type of aid. ]]> 2016-10-04 14:40:43 UTC https://padlet.com/cochralo/n74jkw5hmjuu/wish/128193368 c)  cochralo https://padlet.com/cochralo/n74jkw5hmjuu/wish/128193551  Describe specific types Financial aid. 
     Scholarships:  academic study or achievement; learning of a high level.
     Grants: a sum of money given by an organization, especially a government, for a particular purpose.

]]> 2016-10-04 14:41:06 UTC https://padlet.com/cochralo/n74jkw5hmjuu/wish/128193551 d) cochralo https://padlet.com/cochralo/n74jkw5hmjuu/wish/128193927 How is eligibility of need-based aid determined?
 Students are packaged for financial aid (given financial aid from several of the programs for which a student is eligible) based on the student’s financial need. Financial need is determined by a student’s Expected Family Contribution (EFC) (computed from information provided on the Free Application for Federal Student Aid) as compared to SBCC’s Cost of Attendance (COA). Those who have a positive number remaining after the EFC is subtracted from the Cost of Attendance may qualify for some need based aid sources. To meet with federal regulations, SBCC defines the neediest students as those whose EFC = $0.
]]> 2016-10-04 14:41:51 UTC https://padlet.com/cochralo/n74jkw5hmjuu/wish/128193927 e)  cochralo https://padlet.com/cochralo/n74jkw5hmjuu/wish/128194599  How do you apply for Financial Aid: Online at fafsa.gov is faster and easier than using paper.
Ask the financial aid office at your college or career school if you can file it there. Some schools will use special software to submit your FAFSA for you. 


]]> 2016-10-04 14:43:21 UTC https://padlet.com/cochralo/n74jkw5hmjuu/wish/128194599 f) cochralo https://padlet.com/cochralo/n74jkw5hmjuu/wish/128194896 The Free Application for Federal Student Aid (FAFSA) is a form that can be prepared annually by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for student financial aid.


Federal Deadline
June 30, 2018.

 September 15, 2018. State Deadline

North Carolina - As soon as possible after October 1, 2016. Awards made until funds are depleted.  College Deadline

Check with the college(s) you are interested in attending. You may also want to ask your college about its definition of an application deadline - whether it is the date the college receives your FAFSA, or the date your FAFSA is processed.   

 What information do you need to complete the FASFA? Income Tax returns.
]]> 2016-10-04 14:44:03 UTC https://padlet.com/cochralo/n74jkw5hmjuu/wish/128194896 g) cochralo https://padlet.com/cochralo/n74jkw5hmjuu/wish/128195411 A financial aid package is a collection of different types of financial aid from multiple sources. It is intended to help you fill the gap between your ability to pay, your expected family contribution or EFC, and college costs, or the cost of attendance or COA.]]> 2016-10-04 14:45:20 UTC https://padlet.com/cochralo/n74jkw5hmjuu/wish/128195411 h) cochralo https://padlet.com/cochralo/n74jkw5hmjuu/wish/128195651 What is a financial aid package? A financial aid package is a collection of different types of financial aid from multiple sources. It is intended to help you fill the gap between your ability to pay, your expected family contribution or EFC, and college costs, or the cost of attendance or COA.]]> 2016-10-04 14:45:52 UTC https://padlet.com/cochralo/n74jkw5hmjuu/wish/128195651