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What is financial aid & who gets it?
What is financial aid & who gets it?
Determining Financial Aid Need
Determining Financial Aid Need
Here is a great explanation from Harvard University:
"Financial aid is completely need-based and considers many factors, such as your family’s income, assets, size, and unusual expenses."
"Our financial aid officers will work closely with you and your family to determine your demonstrated need and your family’s expected contribution. For many families, this is between zero and 10 percent of family income. Because everyone's circumstances are unique, it's difficult to summarize the many financial aid options and policies that exist."
Grants
Grants
Financial aid that doesn’t need to be repaid; usually based on financial need.
Scholarships
Scholarships
Money for college you don’t have to repay, awarded based on grades, test scores, major, heritage or other criteria, but usually not financial need.
Work Study
Work Study
Provides part-time jobs for college students with financial need, allowing them to earn money to help pay education expenses.
Loans
Loans
A type of aid that must be repaid, many times with interest.
CALIFORNIA PROMISE GRANT
CALIFORNIA PROMISE GRANT
To qualify for financial aid students must:
To qualify for financial aid students must:
**Graduate from High School**
**Graduate from High School**
**Submit their ONE FREE application for financial aid**
**Submit their ONE FREE application for financial aid**
Students must submit ONE of the below applications:
Students must submit ONE of the below applications:
FAFSA OR CADAA:
FAFSA OR CADAA:
FAFSA - CADAA.pdfFor detailed & accurate
California Dream Act Application for Financial Aid
California Dream Act Application for Financial Aid
(CADAA)
(CADAA)
Information
When do students apply for financial aid?
When do students apply for financial aid?
All students will submit their one free application (one of the above)
All students will submit their one free application (one of the above)
for Financial Aid for college @ October of 12th Grade with help from: school counselors,
for Financial Aid for college @ October of 12th Grade with help from: school counselors,
community college & 4 yr. college financial aid staff, EHS teachers and TRIO outreach programs.
community college & 4 yr. college financial aid staff, EHS teachers and TRIO outreach programs.
Financial Aid can be used at:
Financial Aid can be used at:
4 yr. Colleges & Universities, Career & Technical Programs, and Community Colleges!
4 yr. Colleges & Universities, Career & Technical Programs, and Community Colleges!
Drop-down menu of trustworthy financial aid websites with short videos & easy explanations of many different financial aid topics
Drop-down menu of trustworthy financial aid websites with short videos & easy explanations of many different financial aid topics
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