Navigating College Costs and Financial Aid Options

Explore the various costs associated with college, including tuition, fees, room and board, transportation, and more. Learn about different financial aid options such as grants, work-study, loans, and scholarships to help you fund your education. Discover the importance of completing FAFSA or WASFA to determine your eligibility for financial aid each year. Make informed decisions about paying for college and securing the necessary resources for your postsecondary education journey.

• College Costs
• Financial Aid Options
• Tuition
• Scholarships
• FAFSA

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1. Cost of College Finding Money for College

2. Introductions Our GEAR UP Team includes:

3. oWhen we say college, we mean any type of education or training after high school. We also use the terms postsecondary education and postsecondary training . oThere are many options for students after high school, including apprenticeships, military, on-the- job training programs, community college certificates, two-year degrees, and four-year degrees. oThe term college includes all of these things. What do we mean when we say college?

4. The value of a degree

5. College costs are different at different schools. Each college estimates the Cost of Attendance (COA) by adding together some or all of the below expenses: Tuition How much does it cost? Fees Room and board Transportation Books and supplies Other living expenses

6. Live at home. Rent an apartment alone or with friends. Live in a dorm on campus. Room and board options

7. Transportation. Personal. Recreation. Additional costs

8. Most people use various sources of financial aid to pay for college in addition to any savings they may have set aside. Financial aid is money to pay for college or career school and it can include the following: Grants. Work-study. Loans. Scholarships. How do I pay for it?

9. In order to be considered for financial aid, you need to complete the FAFSA or the WASFA your senior year and every year you go to college. Each college determines financial aid eligibility for federal, state and institutional types of aid based on awarding policies at that campus. How does someone qualify?

10. Applying for aid usually takes about half an hour. Determines families ability to contribute to cost of attendance. How much financial aid can I get? In general, depends on your financial need. COA is tuition, fees, room and board, transportation, etc. COA EFC = financial need

11. How much will a student pay?

12. Resources

13. The College Scorecard is available on the Department of Education s website. This tool takes all schools in the country which accept federal funding (federal student loans) and allows them to be easily searched in one place College Scorecard The tool allows students to select majors, states, size of the institution, even school mission and religious affiliation. collegescorecard.ed.gov

14. Comparison Shop: College Navigator Resources on this website are also available in Spanish

15. Comparison Shop: Net Price Calculator

16. Comparison Shop: College Cost Center AVAILABLE AT: College Affordability and Transparency Center

17. Early commitment of state financial aid to eligible 7thand 8thgrade students who apply by June 30thof 8thgrade. What is the College Bound Scholarship? Combines with other state financial aid to cover the average cost of tuition (at comparable public college rates), some fees, and a small book allowance = commitment. Can be used at over 60 two- and four-year public and private colleges and universities.

18. Students must meet one of the following requirements during 7th OR 8th grade. Who qualifies? Student is a foster youth, at any point in time between grade 7 and age 21. Family income meets the minimum on the MFI Chart. Student s family receives TANF benefits.

19. Graduate from a Washington State high school with a 2.0 GPA or better. Have no felony convictions. Be income eligible, determined by the college with information from the FAFSA or WASFA. Enroll in an eligible college within one year of high school graduation. Students can use up to four years of the scholarship within five years of high school graduation. The Pledge

20. Must enroll in college within 1 year of high school graduation, 1 earned credit meets this requirement. Must be used within five year of HS graduation (Class of 2018 s CB scholarship expires in 2023). Maintaining Eligibility Remain in good standing with your college to maintain scholarship (GPA, honor code, etc.). File the FAFSA or WASFA early every year in college. Ineligible one year? File the next year - Income eligibility assessed each year of college.

21. That the cost of tuition at public rates, some fees and a small book allowance will be covered by state financial aid. College Bound works in combination with other state financial aid (such as Washington College Grant) to cover a students costs for college. Actual amounts for the College Bound Award are based on the type of college the student attends and their tuition rate. What is the Commitment?

22. Questions?

23. Contact information: [insert counselor/advisor/mentor name] Phone: (xxx) xxx-xxxx E-mail: xxxx@xxxx.xxx Thanks for coming

24. Topic Next Family Night Date