FINANCIAL AID 101
FINANCIAL AID 101
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Financial aid consists of funds (scholarships, grants, loans, work-study) provided to students and families to help pay for college.
COST OF ATTENDANCE (COA)
COST OF ATTENDANCE (COA)
Includes:
Tuition & Fees
Room & Board
Books & Supplies
Transportation
Personal Expenses
Direct v. Indirect Costs
COA Varies widely from college to college
EXPECTED FAMILY CONTRIBUTION (EFC)
EXPECTED FAMILY CONTRIBUTION (EFC)
Amount family can reasonably be expected to contribute.
Stays the same regardless of college
Two components
Parent contribution
Student contribution
Calculated using data from a federal application form and a federal formula
TYPES OF FINANCIAL AID
TYPES OF FINANCIAL AID
fafsa and the ca dream act
fafsa and the ca dream act
What is it?
The Free Application for Federal Student Aid (FAFSA) is the form you need to fill out to get any financial aid from the federal government to help pay for college. Each year, over 13 million students who file the FAFSA get more than $120 billion in grants, work-study, and low-interest loans from the U.S. Department of Education.
Lots of states and colleges also use the FAFSA to determine which students get financial aid—and how much they’ll get.
The FAFSA asks for information about you and your family’s finances, including tax returns, so you’ll need your parents’ help to complete it.
What is it?
The California Dream Act allows undocumented and nonresident students (U.S. Citizens and eligible non-citizens) who qualify for a non-resident exemption under Assembly Bill 540 (AB 540) to receive certain types of financial aid such as: private scholarships funded through public universities, state administered financial aid, university grants, community college fee waivers, and Cal Grants. In addition, the California Dream Act, allows eligible students to pay in-state tuition at any public college in California
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