W

Financial Aid and E

L

Scholarships 101
C
O
M
E

Loaf A’cat’emy

Aubrey, Jaydon, Vanessa

1
 Agenda

01 What is 02 Applying for

Financial Aid? FAFSA/ CADAA
We will talk about We will talk about
this first. this second.

03 Types of 04 Resources
Financial Aid
After that we will
Then, we will talk talk about this.
about this.

2
 This is our team.

Ms. S Mr. J Ms. V

Caseload: Last Name
Caseload: Last Name Caseload: Last Name
Q-Z
A-He Hf-P

3
What is
Financial
Aid?
4
 Financial Aid
Know your options.

● Money that helps pay for college

● Types of financial aid include grants,
scholarships, work-study, and loans
● Applying is FREE
○ Apply and see if you qualify!

5
 Types of Financial Aid
Grants Scholarships Work-Study Loans

Federal/ There are Allows you to Funds that

State aid numerous work MUST be paid
that does NOT organizations part-time to back, with
need to be that offer earn money to interest
paid back. scholarships pay for
to help pay college
for college.

6
Basic Eligibility Criteria
General requirements include:

● that you have financial need

● are a U.S. citizen or eligible noncitizen
● are enrolled in an eligible degree or
certificate program at your college or career
school
● There are more eligibility requirements you must
meet to qualify for federal student aid.
○ Click here to learn more!
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 Pick the Correct Application!
Free Application For Student California Dream Act
Aid (FAFSA) Application (CADAA)

You are eligible to complete the You are eligible to complete the
FAFSA if you are a… CADAA if you are…
(Deferred Action for
● U.S. Citizen ● Undocumented Childhood Arrivals)
● Permanent Resident ● Have a valid or expired DACA
● Eligible non-citizen ● U Visa holders
● T Visa holder ● Have Temporary Protected Status
● Click here for more information (TPS)
on eligibility! ● Click here for more information
on eligibility!

T Visa vs U Visa
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Applying
for
FAFSA/
CADAA
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 Key Terms
Cost of Award
EFC SAR
Attendance Letter
Estimated Student Aid
A letter you
Family Report: The total cost
receive from
Contribution: report sent to attend a
your college
how much FAFSA to you by college (fees,
stating awards,
is expecting FAFSA tuition,
grants, local
your family to stating your insurance, etc)
you are offered
contribute to EFC
your schooling

10
FAFSA Application Process
1. Head to: studentaid.gov
*Opens December 2023* 2. Create FAFSA ID
3. Fill out Application
a. Student Demographics
b. Schools to send you
FAFSA
c. Dependency Information
d. Parent Demographics
e. Financial Information
f. Sign and Submit
4. Review FAFSA confirmation
5. Review EFC (Estimated
Family Contribution)
6. Check in with application
schools
7. Correct as Needed
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 If you are a…
Independent student: assumed to have no
familial support paying for college
-report only your financial information

Dependent student: assumed to have

familial support in paying for college
-report your income and as your guardians/parents

Dependent vs Independent 12
 Required Information
Student Guardian
● Social Security Number ● Social Security Number
● Your Alien Registration Number (if you are ● Alien Registration Number (if you are not a
not a U.S. citizen) U.S. citizen)
● Your federal income tax returns, W-2s, and ● Federal income tax returns, W-2s, and other
other records of money earned. (Note: You records of money earned. (Note: You may be
may be able to transfer your federal tax able to transfer your federal tax return
return information into your FAFSA using the information into your FAFSA using the IRS
IRS Data Retrieval Tool.) Data Retrieval Tool.)
● Bank statements and records of investments ● Bank statements and records of investments
(if applicable) (if applicable)
● Records of untaxed income (if applicable) ● Records of untaxed income (if applicable)

Who is considered a guardian/parent?

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 CADAA Application Options

Online Application
Paper Version: English Paper Version: Spanish

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*Opens December 2023*
Support for CADAA Applicants
Step-By-Step Video

Common Issues when filling out the

CADAA application

Frequently Asked Questions

15
Types of
Financial
Aid
16
 Scholarships
CareerOne Step
Scholarships are gifts.

● There are thousands of them, offered by:

○ Schools, employers, individuals, private
College Board
companies, nonprofits, communities, Scholarship
religious groups, and professional and Search
social organizations

● A scholarship might cover the entire cost

of your tuition, or might be a one-time Stand OUT
award of a few hundred dollars. College Prep
○ Either way, you do NOT need to pay it
back
17
 Types of Scholarships
Particular How do I find
Merit-Based
Groups Scholarships?

Earned by meeting Many scholarships -StudentAid Gov

or exceeding are geared toward
certain standards particular groups -Talk to Your School Counselor
(i.e., academics, of people (i.e.,
-Talk to Financial Aid Office @
special talents, graduate students,
colleges
interests, etc.) ethnic background,
gender)
-Research, Research, Research

18
Military
GI Bill: “helps current and former Soldiers
pay for college, trade school, technical
school, licensing, certification programs,
on-the-job training, online schooling, and
more

Offers:
Tuition Assistance
Tuition Coverage
Certifications & Credentials
Student Loan Repayment Options

Army Marines Navy Air Force

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 Loans: you borrow and must be
paid back with interest
● Direct Subsidized Loans
○ Made based for undergraduate students who demonstrate financial need to help cover
the costs of higher education at college or career school
○ Loans ranges from $5,500-$12,500 a year
○ Does not accurate interest until graduated along with a 6 month grace period
● Direct Unsubsidized Loans
○ Made based not on financial need but for undergraduate, graduate, and professional
students
○ Interest accurates once the loan is taken out
● Parent Plus Loans
○ Are federal loans that parents of dependent undergraduate students can use to help
pay for college or career school (for parents to borrow)

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Grants: A form of financial aid that does not need to be
paid back. Grants come from the federal government, state
government, college or career school, or a private/nonprofit
organization
● Federal Pell Grant
○ Awarded only to undergraduate students who display exceptional financial need and do not
have a bachelor’s, graduate, or professional degree.
○ The award amount depends on expected family contribution, cost of attendance, your status
as a full or part-time student
○ Plans to attend school for a full academic year or less
○ The maximum amount you can receive is $7,395 a year (this changes yearly)
● Federal Supplemental Educational Opportunity Grants (FSEOG)
○ Awarded only to undergraduate students who display exceptional financial need
○ Administered directly by the financial aid office at each participating school (not all
schools).
○ May be awarded between $100 and $4000 a year, depending on financial need, when you
apply, the amount of other aids, and the availability of funds at your school
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Grants: A form of financial aid that does not need to be
paid back. Grants come from the federal government, state
government, college or career school, or a private/nonprofit
organization
● Teacher Education Assistance for College and Higher Education Grant (TEACH)
○ Be enrolled at a school that participates in the TEACH Grant Program
○ Having at least a cumulative 3.25 GPA
○ Sign a TEACH Grant Agreement to Serve or Repay
● Iraq and Afghanistan Service Grants
○ If your parent or guardian died as a result of military service in Iraq or
Afghanistan after the events of 9/11, you may be eligible for an Iraq and
Afghanistan Service Grant
○ Under 24 years old or enrolled in college at least part-time at the time of
your parent’s or guardian’s death

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Work Study
● Allows students to earn money to pay for school by working
part-time.
● Work study depends on when the student applies, level of
financial need, and school’s funding

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Handout

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References
● https://studentaid.gov/understand-aid/types#work-study-jobs

● https://studentaid.gov/understand-aid/types/grants

● https://studentaid.gov/understand-aid/types/work-study

● https://studentaid.gov/understand-aid/types/loans

● https://immigrantsrising.org/resource/ca-dream-act-overview/#:~:text=The%20California%20Dream%20Act%20allows,for%20increased%20access%20to%20college.

● https://studentaid.gov/understand-aid/eligibility

● https://www.csac.ca.gov/post/california-nonresident-tuition-exemption

● https://studentaid.gov/sites/default/files/fafsa-dependency.pdf

● https://studentaid.gov/sites/default/files/is-my-parent-a-contributor.jpg

● https://dream.csac.ca.gov/landing

● https://www.csac.ca.gov/sites/main/files/file-attachments/2023-24_english_paper_cadaa.pdf?1669733333

● https://www.csac.ca.gov/sites/main/files/file-attachments/2023-24_spanish_paper_cadaa.pdf?1669733544

● https://www.youtube.com/watch?v=ZGLNqM_bAQU

● https://www.csac.ca.gov/sites/main/files/file-attachments/common_cadaa_issues.pdf?1619146507

● https://www.csac.ca.gov/sites/main/files/file-attachments/california_dream_act_faq.pdf?1694549553

● https://studentaid.gov/understand-aid/types/military 25
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