Financial Aid


 
Financial Aid.png
 
All college-bound seniors are encouraged to apply for financial aid even if you think you don't qualify. After you submit the FAFSA, you will be considered for federal and state grants, loans, work study, and college-based aid.  Colleges use the FAFSA to award their own grants and scholarships as well. Federal De
 
This year many students will be attending Folsom Lake College Financial Aid held Thursday,October 5th or EDUHSD Union Mine FAFSA workshop, Monday, October 2nd @ 5:30.  Last year, Sept 28th, 2016, VA held their Financial Aid & Naviance Workshop given by Susana Mayfield and Brenda Vargas.  Click here for a copy of the presentation
 
Image result for cal grant logo
California Student Aid Commission - Cal Grant.  CAL Grant GPA
will be electronically uploaded to the California Student Aid Commission by October 1st through Virtual Academy (see Mrs. Patty Braun at the front desk).  GPAs are uploaded unless you opt-out.  To be considered for a Cal Grant, students must submit the Free Application for Federal Student Aid (FAFSA) opens
October 1st -  March 2. 
  •  For additional information regarding Cal Grant and GPA requirement click here.                                                                                                                         
What is a Cal Grant? Cal Grant A-B-C. Click here to understand your eligibility notification.
 
Each year, more than $2 billion of financial aid goes unclaimed.  To get this money, all students need to do is fill out one form: FAFSA is a (Free Application for Federal Student Aid.) Everyone who is applying for financial aid must complete the FAFSA. It is recommended that students and parent(s) get FSA ID, made up of a username and password to access U.S. Department of Education websites.
 
Free Application for Federal Student Aid  - Click on the Logo!
Image result for financial aid
 
After you file your FAFSA or California Dream Act Application, go on-line and check the status of your Cal Grant application by logging on to WebGrants for Students and create an account. This site will provide you with resources, information and tools to assist you with college financial aid process. 
 
The information you put on your FAFSA application is used to calculate your EFC - Expected Family Contribution.  Colleges use the EFC to determine how much financial aid to award you.
Every college website has an EFC calculator to help you estimate what your contribution will be. 
 
 Here's a summary of key dates for submitting the FAFSA depending on when you plan to go to school:
 

FAFSA Income Tax Chart

Types of Financial Aid
Here are the four most popular types of financial aid:
 
1. Types of Aid - There are 3 types of aid: Grants/Scholarships, Loans, and Work Study
 
  Grants-Money that doesn't have to be paid back.  Typically they are given to athletics, academics, special talent, need-based, etc.
  Loans - These must be repaid.  Two types of loans are:  Federal Student Loans (unsubsidized loan - the interests accrues while you are in school, you pay it back after you graduate. Subsidized loan, the government pays the interest while you are in school.) 
  Work Study - Work study allows colleges to hire students for employment to pay their own way as they attend college.  You do not repay the money you have earned. 
 
2. Sources of Aid - There are 3 sources of aid:  Federal/State, Institutional, and Organizational.
 
  Federal/State - Both federal and state governments offer aid to eligible students.
 
  Institutional - Many colleges, especially private institutions, provide aid to their students.
 
  Organizational - Many companies and organizations provide scholarships for students.
 
3. The Process -  There are only a few steps to getting financial aid. 
 
  FAFSA:  Federal and state aid is determined through the FAFSA which can be submitted at www.fafsa.gov in the student's senior year.  Be sure to indicate interest in work study.  Everyone should fill out the FAFSA regardless of desire or need for aid!
 
  Institutional Aid:  Most schools consider students for aid based on their application alone.  Some will require a separate application for certain scholarships or require you to submit a CSS Profile, which is similar to FAFSA.
 
  Scholarships:  Search and apply to organizational scholarships regularly.  Ask companies/organizations your parents are part of.  There are scholarships for freshmen, sophomores, and juniors too!
(Additional resources to help you understand the financial aid process)
 
BOG Fee Waiver (California Community College) - Permits enrollment fees to be waived and assist with purchases of books and supplies).  Forms are available through icanaffordcollege website.
  

Learn About College Costs!  

 
California Community Colleges
I can afford college logo
 
 
California Cash 4 College (Find out where there is a FREE Cash for College workshops across California to help you complete your FAFSA.)  Click on the logo.Organization Title
 
California Chafee Grant for Foster Youth  - Free Money for Foster Youth for College or Career Training  

Colleges That Claim to Meet Full Financial Need

College Greenlight Logo

Federal Financial Aid

(Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, Federal Teach Grants, California Chafee Grant, Child Development Grant, Law Enforcement Personnel Dependents Grant)

FAFSA: Free Application for Federal Student Aid

Federal Student Aid, an office of the U.S. Department of Education: Proud sponsor of the American mind.

 
 
 
 
CSS Profile-College Board - The following colleges, universities, and scholarship programs use PROFILE, Noncustodial PROFILE, and/or IDOC as part of their financial aid process .  Almost 400 colleges and scholarships require the PROFILE.  

Free Cash for College Grant icon
 
Free Cash for College Grant icon