Videos

12th Grade Financial Aide (English)

Added Oct 15, 2021 •

Copy this URL:
Embed code:	<iframe class="edlio-embed-player" type="text/html" width="640" height="360" src="//www.collinsfamilyjaguars.org/apps/embed/?v=328118" frameborder="0" allowfullscreen></iframe> Change dimensions

Show Transcript

I mainly work with seniors help them with anything college-related why I fell out, probably about college applications financial aid applications if they want to learn more about school major exploration of things I'm there to support them through it today we're going to be talking about financial aid and if you have any questions you can go ahead and type in the chat box I meet yourself whichever you prefer to do it what is financial aid so financial aid is any source of financial support given to students who are studying for a university or college degree so in other words it's federal and state government and organization that will help pay for the cost of University or College so typically when you get financial aid it is to cover what is called the cost of attendance and on the cost of attendance when you're attending college it includes tuition and fees which is at a fixed cost so that is something that where the price isn't going to fluctuate it's usually a set cost depending on the school it will vary between a used PacSun a private the tuition and fees for each each institution will vary amongst like those three but they are at a fixed cost they won't change with them also includes books and supplies which is a variable cost in addition to room and board so like storming or living at home transportation and other miscellaneous costs so those are very variable cost meaning of the prices of the well punctuated not unlike are the tuition fees where it's a set where it's a set price on the other floor of their way they will bury they can change that can be higher or they can be lower it's just based on the purse and how much do spend on those things individually so these are just a couple examples of the cost of attendance there is the Community College the csu's to Cal State universities that you sees University of California and the private universities so like a private like you I see you can see that the fees intuition they do depend on that institutions all the community colleges are a lot cheaper than the private university and like I said that's the fixed-rate that's so that the cost of that is generally the same all of the csu's will have generally this I'm out for fees and tuition fees all the community colleges will have the same amount the University of California's will have the same amount and then the private universities will have assumed that the only difference will see is when you're like comparing before but they are and then the textbooks room and board and miscellaneous either the variable cost that I was talking about so they are just an estimation of what the institution thinks your child going to spend on six books on how much they're going to spend on like dormian we're living at home and like their personal miscellaneous cause these are just like an estimation they're not a set price so they can change it can you lower that can be higher it just depends on eating and things like that how much federal or state financial aid can your child gets the most financial aid packages are based on Financial need of each family they base it on what is called an expected family contribution so FC and it's just a number that is calculated using a formula based on common factors of income properties family size number of students with another student in college so you will get like when you receive when you apply for when you try to apply for financial aid They will receive a e f c and it is a number that can vary as well doesn't necessarily mean that how much you're going to contribute to their there like they're off their age like their tuition fees and stuff that doesn't mean that's how much you're going to pay it's just like a number that is based on the phone and then they base it on your financial need so the cost of attendance minus the FC is the financial need that you will have remaining after that so what but you song that the previous side the entire thing they will subtract what your expected family contribution is and then that Gap is what the financial need will be and like I said they are based on each family your income and so there are a couple of types of financial aid you have scholarships and grants work-study and loans into each of those right now so for scholarships they can reduce the need to work or borrow and each scholarship has different requirements and requires an application other servers play ships and they're easy to find but be careful when you are looking for scholarship because there are scams and if it's a scholarship or program that is charging for like the application or for any type of service from them that is more than likely a scam cuz I won't ask for any money from you Saudi a couple examples of scholarships and sorry some scholarships are merit-based which means it is based on the GPA and the grades other scholar ships are based on Sports all of these aren't as common and as easy to get as people think they're also cultural scholarships and institutional scholarships that are given directly from the college that your child is attending then there are also private scholarships as well so finding scholarships is like finding a part-time job you do have to do a little research and there are certain requirements for the scholarship it just depends on the ones that you're applying for and then we have another type of Aid which is federal and state grants grants are a form of money that does not have to be repaid so there is the federal Pell Grant which is based on the Family's Financial need and the amount of the grant will vary from $555 to $6,195 Grant is a federal Supplemental Educational Opportunity is that they are limited grants that depend on financial need and those vary from $100 to $4,000 and then we also have the cow grants which is for residents of California and each Grant a b and c is based on GPA and the family's Financial need and what type of college you're attending so for example for the Cow Grant a that is typically on reward looked at it pray for those who have a 3.0 GPA or higher and the amount per that is about $12,570 this crack is usually given to those who are attending a used CD and then year is the Cal grant B paper that one is a 2.0 or above and that one is around five thousand and $700 and that's typically awarded to those who are attending this yet the csu's and then Cal grant see that one is of the Community College based so that one is around a Thousand Eleven Hundred $1,200 and we awarded to those who are going to attend like the Community College and then there are also institutional Grant so that is given by the idea to see a few that you see depending on which one you're going to that's giving him the school itself and it'll say like institutional Batman on it so this this is the the income ceiling for the Cal grant like I had mentioned earlier they do depend on you family income I'm so in order to qualify for a Cal grant a or C this is the the income cap for each of those and like I said so it would have to be in order to get Cal grant a you would have to have a 3 I know her above and then have an income below at or below this number depending on your family size and then for Cal grant B that would be 2.0 or above and then depending on your family on site as well stop sharing sorry the work City where work city is something that's available for families to pay some financially and then this is a really great opportunities for students to be able to work on campus or near the university and a lot of times too they're in the University a lot of the job that are offered to college students are work-study students the most of the jobs available are going to be based on if they have work City or not and it out this is a really great and we also ship our students to be able to pay for education. and sis and in a really awesome thing if I don't work City to is a lot of the companies know that the students are right no students at the University so they're willing to help them with flexible hours but some other combinations that students may receive while work answer to work the work study program is if they're having like finals week they may not work that week the same thing for midterms or if they need like a day off for a for a tooth to practice for an exam or study for an exam day going to go ahead have those days off without them impacting their the work schedule and the terms of like you not being able to get tender them in for future employment and in the way that students are able to apply for the work-study ascend FAFSA going to ask them are you interested in work City yes no or I'm sure so we always encourage students to put yes and then if work studies available it'll be under financial aid award letter but it's better just to have it and the first to be available in do decide to work because then they're not going to be able to change their mind later on and then probably even try to get a work-study job Lone Star Loans is money that is borrowed and has to be repaid so they're a couple of different types of loans so the subsidized Stafford loan is based on family's economic needs and then for this loan the government pays to interest for as long as a student is in the college University including if they ask once they graduate with a fascist if it decides to go on to a doctor programmer master's program interest the unsub loan that's where it says not valid because it's not. financial aid and student dust pay the interest in Italy after taking out the loan so the interest is going to start to accumulate as soon as they get the loan vs. subsidized interest is paid by the government in a specific don't have to pay the interest into a typical East Mom after they graduate and then in the slide that we have here two were able to see each other different types of loans so far the subsidized and the interest is for the Busboys and a half for the unsub same on the Perkins loan is also a Federal Loan that something's different colleges also offer students and the loans rate is typically 5% as well and is also just common economic need to just be some financial assistance by the Paris Financial need and then for the top three loans in front of all the lights except for the private that you would apply to finish with a flashes by completing the fast once they complete the FAFSA they're automatically considered for all of these loans so if they are worth to them it will come up in the financial aid award letter for The Parent PLUS Loan that's a known that in-depth parents name so far all the loan so paper subsidized Stafford unsubsidized Stafford all of those laws are going to be in the student's name but for the parent parent plus loan that's going to be under the parents name and they do run a credit check and then as you can see here to write the interest is what higher for The Parent Plus Loans so the loans that are the friendliest are definitely the loans that are for they know where the student is the bar and they are the Federal loans because a lot of times at the very bottom like private loans you might get them just Banks the lowest interest rate is going to bury so for the other loans the interest is fixed so that's the interest whatever interested it's a pain on the economic Times that's going to be the fixed interest rate for Florida private loans the interest rate Jean Lafitte bury the penny from one year to the next so they're a lot more if they're not as though I'm going to going to be S friendly or unfriendly long to take because you missed it has been told what in a one of my one-year but then falling here may not be the same amount to make you not be hiring or and another really great thing to about the about the federal government loans to freaking subsidized and unsubsidized is that in the event that the students are not able to find a job or they're going through a lot economic term or something something's happening at can honestly with them the loan companies are willing to be no either work with the students to to lower their payments or if you need some time off we're like the stew which one became color offer parents where the students don't pay the amount of the loans for a certain amount of months they can also do that they're still going to continue to of course all that man in pandemic there is no students at did have loan that you don't have to pay the loss to close continue to pay it but it didn't have to pay the loan for about 30 minutes about a year and where are all the loans and all of the interest and everything was just put it on hold just giving the time. So the Federal loans are a lot more friendlier for students to take which that's what we are going to take out laundry to recommend at least take out the Federal Loan and just risk it just if they are going to take them out to take out what they need because I are going to give them a certain amount which is about $5,500 for the first year freshman year but I do not have to take out that money all of that money 1000 mm and how do we apply for financial aid so students either fill out the FAFSA or the dream match the for the fastest to Destiny to be US citizens or permanent resident or have a Visa as well and if you have to have a valid Social Security number so it's not the same thing as a working such a number that you have to have a valid number and also be US citizens or have a Visa or be a permanent resident but not a veces necessarily because it hasn't been easy for them to check in with one of the one of the members of the count just to verify which application is going to be filling out and then they have to have a high-school diploma or in the process of receiving it and independent University and then the males must be at the armed forces and that's the question was going to ask him they have Mercer weather for the selective services and then this is a requirement for them to be able to receive financial aid and they also have to have a satisfactory academic progress so what this means is once they decide to attend the University example of the attendance system is going to give them what they call the stats which is a satisfactory academic progress in the students sign saying that they agree to be a full-time or part-time student and earn a 2.0 or 2.5 and above in order for them to keep receiving financial aid and if they do not meet the requirements and that's in Spanish like can be taken away from them that's what the story on progress and then requirements for the DREAM Act if they have to have have attended at least three years of a school and California 3 years of high school or do you know when are primary secondary but it has to be at least three years in a spoon California and also have a high the diploma and enroll in a school here in California as well as Ana College and they also have to submit another form, non-resident tuition form we're basically just saying that yes you know I am a resident of California what's a receive the finest live from the state so it really the difference between the two is for the faster the receiving money from the federal father Federal loans a federal grants and also the cow Grand Theft for the dream bag the receiving money from the state Cody in the Cal grant because of Cal grant is my friend of free money grants from the state but just depends on where they're receiving the funds that's where the complete so what is the difference in the template financially between staff or the three months before the FAFSA students are only eligible for the telegrams to the grants federal government loans work-study programs and scholarships for the DREAM Act it's going to be so it'll be either Cal grants or any other state at the college make it and also scholarships and they are dependent on University all the universities almost all of them here in California at least for the you season the kennel space at will I will stay in the community college's Bay a lot of them have different resources for students to complete the DREAM Act so they'll have the wilbury by University but that's where students are at go ahead and just go to the office in the college and there it was to either help them out with different scholarships looking for a job if they have a working social and just to help them out to with it with any financial assistance the FAFSA forecaster this is a really great wolf rate for everyone to be able to get an estimate of how much financial aid that you'll be able to receive the what does this little once you go to the website going to ask him formation such as you know what years your student and other going to be a freshman sophomore or Junior going into college for everyone we are going to ask how many students are going to be in in college how many people are in household who lives at home is it just one parents or parents married or not married and Anna going to also ask for income to or any other type of deductions that you may receive and after that it's going to give you an egg I'm on the financial aid that you may receive and this is a really great school to use even if students are going to be completing the DREAM Act because then it's going to work in the same way word in order for them to receive state is going to depend on. I need a picture of the family so it's a great tool for either you know where they're going to complete the fast because you'll be able to know how much financial aid going to be able to get and for both the DREAM Act and the faster they determine database income of the family and I definitely want to try and precise importance of a client every year we have about 2.6 billion dollars of lost money because 20% of families students and families earning between $35,200 and $10 when they pass away I have to apply because a lot of times too and I have families that either stay at lunch or we don't make me or we're not sure we're going to be able to receive financial aid and then you may never know you know every year Financial need is different depending on what's going on economically to but then also to like even if you have a high pain even if you have I don't have a hyphen an English say for example you're closer to the hundred thousand you may still be eligible for some loans and also to like for the counter and as well you may still be eligible for the Cal grant even though you may not be out if I eligible for the federal grants are there still some money that may be available for you just better to Appliance get them if not a flying and never knowing if you would have been able to get at least like some type of financial aid 85% of all students receive some form of financial aid so whether it be the Cal grant loans or the Federal I'll Grant you 85% of all students and the pineapple Universe epic is my financial aid so fat from August November is the time to be applying for colleges and universities the fastest and the DREAM Act opens up October 1st to wear wedding day 14 of the DREAM Act and all those California State University excuse you see applications to spending some time to apply the deadline for the ecologist is November 30th and then for the faster DREAM Act is March 2nd however we always advise students to submit everything before they leave for winter break which is December 16th because the sooner they submit everything the students are called is it going to receive all the information and then if necessary the college's need any paperwork necessary the students are going to be able to spend it to them soon I'm going to be able to get the financially to work sooner because they do have to make their decision before May first student has to accept their universities to stay with Justina for the college to receive their path surgery make a decision request paper works and everything so within that two months time frame you know things may get lost universities might be backed up so they may not be able to get that finished that award letter by me first and that's the reason why we always just advice just do it before we leave for winter break this year December 16th so think of December 16th as at the electric and they're able to get that finished award letter p for May 1st and then once they apply this year and next year as when they are still in college Nickatina to the sophomore year did you have to continue to apply for the faster dream that the kitchen by then we'll be a little bit more it'll be more faster because all they wanted to do is update their status to sophomore or if they're still in freshman credits freshman and then just update the parent or Guardian Spanish later formation Suffocation desk or a lot more faster and then just a couple of other notes to compare the option when you receive your financial aid award letters if you tell the school that another school is offering you more money than a recent offer which is one of them why we always hit by students once they receive a financial reward that it's just go ahead and meet with a counselor that we were able to just review all their financial aid award letter and let them know when I guess whether or not you know the receipt in Spanish they necessary this year were incomes may have changed from one year to the next and different family situations might have different depending on jobs and what not is really important for them to be receiving the most financial aid award necessary on their electricity how to tell if there's a change in the family's financial situation to it's also really important for the college's to know do it because this information they can submit it on the 2020 taxes so if something changed between last year to this year Emily knows I'm just going to be happening next to impact on financial status for the universities to know and then just making sure you don't take that loans you don't need so just how I mentioned before if they're on 4th Ellis $1,000 loan but the only really need $1,000 let's just take out that $1,000 if they don't need any loans great they can always just a client but just making sure there's only taking what they need and definitely not a Satanist start off with the one that's where the government pays the interest just a subsidized loan and of course applying early in case you know they need to make changes or if the colleges to request paperwork now I can open up if anybody has any questions okay well if there's no questions thank you everybody I have a question is let us do they have to register with the army so yes it still is going to fill out the FAFSA or the DREAM Act that you have to register so in the FAFSA that pick the question is to be automatically embedded in the application of the state are you mail just know are you working there with the selective service and then that's where they were put no I am not registered or unless they are in a yes register me and then in the dream is there a male student and there's somebody in the DREAM Act they do have to print out a document or they can do it online too as well and that's how they register but whether they fell out the FAFSA or The Dramatics do you have to register so what it means that the with the selective service is it's not so much where they're registering to join army like really like for example of when they recruited and then they just go and let you know not in that sense it's a more so like in the event that if there was ever a draft similar to how it occurred back when we have to be in a more couple of decades ago then that's what that word means it's more fun actually drafted if that's the case but it's different than joining the Army like we need to sign up and you go to Camp right away it's different the next question is can we request a one-on-one with a child counseling oh yes of course yes I can go ahead and put that information in the chat how do you how do you sign up so in the fast of the question is already in in the application and selective service question and then if they're filling out the dream and I can just come and speak to anyone from the account until we can help them with that but in the sounds of the questions already in the application what if they are missing credits so if they're missing credits be highly encouraged system with a counselor just so we can review in terms of like what credits are missing and the plan for that yes great question so we are helping the students fill out the application Ida and their government class so won't be there tomorrow so we're there tomorrow and then we're there next Friday as well and we were there last Friday so it's been there consistently almost every Friday up in the store fill out either at the Finish later location or their college applications as well so tomorrow they can come with their documents to or next Friday as well that's what we're hoping that was both yes so in terms of like so credit so if they're that does long as they're able to get their diploma like a beast next year and college in the fall then it can apply for FAFSA so even if they finished in the event that there is do need to attend next summer with us to to make up credit if that's the case they'll still need to apply this year I have posted their emails if you have any other questions we could email the counselors thank you Miss Candelas thank you Miss Blanco I'm going to be in the in the presentation now this recorded one will be sent to all through parentsquare so if you guys missed anything you guys could watch it in and also I'll have Miss Usher the PowerPoint maybe we could try with you guys as well so thank you everyone thank you everybody thank you

Videos

12th Grade Financial Aide (English)

More videos in Counseling