Advanced Level

2.3.5.G1

Plan Ahead!

Eight times as many

students drop out of
degree and
certificate programs
due to finances and
debt than grades!

What are other pros and cons of higher education?

Take Charge Today – October 2017 – Paying for Higher Education – Slide 2
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
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What are ways you can reduce the total cost of higher education?

Take Charge Today – October 2017 – Paying for Higher Education – Slide 3
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
 Higher Cost

Money you do not

have to repay
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Take Charge Today – October 2017 – Paying for Higher Education – Slide 5
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
 2.3.5.G1

Typically an application process

May have requirements before, during, and after the scholarship is awarded

Can be based on…

Take Charge Today – October 2017 – Paying for Higher Education – Slide 6
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
 2.3.5.G1

You should never

have to pay for a
scholarship - watch
for scams!

Take Charge Today – October 2017 – Paying for Higher Education – Slide 7

What are sources of scholarships in your community?

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
 2.3.5.G1

Tax-exempt financial aid

Take Charge Today – October 2017 – Paying for Higher Education – Slide 8
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
 2.3.5.G1

Examples:
•Federal Pell Grant
•Federal Supplemental Educational Opportunity Grant
•Teacher Education Assistance
Take Charge Today – October 2017 – Paying for Higher Education – Slide 9
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
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Take Charge Today – October 2017 – Paying for Higher Education – Slide 10
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
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Characteristics include:

Eligibility determined by FAFSA application

Take Charge Today – October 2017 – Paying for Higher Education – Slide 11
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
 2.3.5.G1

Highest
Interest Rates

Lowest
Interest Rates Take Charge Today – October 2017 – Paying for Higher Education – Slide 12
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
 2.3.5.G1

You pay 100% of the

interest – often a
higher rate than a
federal loan

Take Charge Today – October 2017 – Paying for Higher Education – Slide 13
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
 2.3.5.G1

FAFSA Forecaster = free financial aid calculator that

provides an early estimate of federal student aid eligibility

https://fafsa.ed.gov/spa/fafsa4c/?locale=en_US

Take Charge Today – October 2017 – Paying for Higher Education – Slide 14
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
(FAFSA)
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Gives you access to the largest source of financial aid!

Take Charge Today – October 2017 – Paying for Higher Education – Slide 16
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
 2.3.5.G1

Age, race and field of

study do not impact
Take Charge Today – October 2017 – Paying for Higher Education – Slide 17
eligibility
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
 2.3.5.G1

As soon as it is available!
Some aid is awarded on a first come, first served basis

The FAFSA Form must be completed each academic year!

Take Charge Today – October 2017 – Paying for Higher Education – Slide 18
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
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Take Charge Today – October 2017 – Paying for Higher Education – Slide 19
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
 2.3.5.G1

Awarded if you have financial need and meet other criteria

Expected Family
Cost of Contribution –
Attendance – estimate of the
parents’and/or Financial
amount it will
student's ability to Need
cost you to go
to school contribute to post-
secondary expenses

Does not change between

post-secondary institutions
Take Charge Today – October 2017 – Paying for Higher Education – Slide 20
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
 2.3.5.G1

Examples: Direct Unsubsidized Loan and Federal PLUS Loan

Take Charge Today – October 2017 – Paying for Higher Education – Slide 21
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
 2.3.5.G1

FAFSA website has a checklist to help you determine your

dependency status Take Charge Today – October 2017 – Paying for Higher Education – Slide 22
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
 2.3.5.G1

If filing as a dependent – student and parent/guardian need an FSA ID

Take Charge Today – October 2017 – Paying for Higher Education – Slide 23
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
 2.3.5.G1

If filing asa grant

Funded by a from
dependent
Take Charge America,-Inc.documents areandneeded
to the Norton School of Family Consumer Sciencesfor student
Take Charge Today – October 2017 – Paying for Higher Education – Slide 24
Take Charge andat theparent/guardian
America Institute University of Arizona
 2.3.5.G1

Organize information in advance by completing the

“FAFSA on the Web” worksheet Take Charge Today – October 2017 – Paying for Higher Education – Slide 25
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
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Take Charge Today – October 2017 – Paying for Higher Education – Slide 26
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
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Take Charge Today – October 2017 – Paying for Higher Education – Slide 27
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
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Take Charge Today – October 2017 – Paying for Higher Education – Slide 28
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
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Evaluate aid offered by each school to determine

which is the most affordable
1. Determine the Net Price

2. Evaluate student loans

 Understand what you are responsible for paying and by when
3. Only accept what you really need
Take Charge Today – October 2017 – Paying for Higher Education – Slide 29
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
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Take Charge Today – October 2017 – Paying for Higher Education – Slide 30
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
Do you agree or disagree with the following statements?

AGREE DISAGR


Or EE
AGREE DISAGR


Or EE
AGREE DISAGR


Or EE
AGREE DISAGR


Or EE
AGREE DISAGR


Or EE
AGREE DISAGR


Or EE
AGREE DISAGR


Or EE
Student loans must be repaid!
 2.3.5.G1

Take Charge Today – October 2017 – Paying for Higher Education – Slide 39
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
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Take Charge Today – October 2017 – Paying for Higher Education – Slide 40
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona
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Take Charge Today – October 2017 – Paying for Higher Education – Slide 41
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona