Navigating Financial Aid - Ocoee Hs

[Pages:24]Navigating Financial Aid

Heather Alexander College Transition Counselor

What is Financial Aid?

? Any grant, scholarship, loan or work study offered to help a student meet his/her college expenses.

Types of Financial Aid

Grants

? Money you DON'T have to pay back!

Loans

? Money you DO have to pay back...with interest!

loanpayments.phtml

Types of Financial Aid

Scholarships

? Money you DON'T have to pay back!

? You have to work to get it though!

? Take time to write good essays...every little bit adds up!

Work Study

? Money you EARN to pay for college!

? Part time employment on your college campus to help with college expenses.

? Indicate your interest in this program on the FAFSA.



Available January 1st 2016

Most colleges/universities set FAFSA filing deadlines...be aware of these!

True or False

? Students do not fill out the FAFSA if their parents make too much money.

False

? US Government awards $150 billion in grants, loans and work study every year.

? The FAFSA determines need as well as allows the individual school to process your application for other grants, scholarships and loans.

? Lower interest rates on loans from the federal government than outside lenders.

? A lot of other factors play a part in determining need: number of family members, number of siblings/parents in college, age of parents, etc.

True or False

? Students with poor grades do not get financial aid.

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