2. WHAT IS INCLUDED IN THE COST OF EDUCATION?
• Tuition and fees
• Room and Board
• Books and Supplies
• Transportation Expenses
• Miscellaneous expenses
3. HOW IS ELIGIBILITY FOR FINANCIAL AID
DETERMINED?
COST OF EDUCATION
- Family contribution
- Estimated financial assistance from outside resources
.
= STUDENT’S FINANCIAL NEED
4. WHAT ARE OUTSIDE RESOURCES?
• Funds from sources other than the college/university
• Clubs and civic organizations
• Churches
• Employers
• Foundations
• Private gifts
5. WHAT IS THE DIFFERENT BETWEEN A
SCHOLARSHIP AND A GRANT?
• Grants----—which can come from the state or federal
government, from the college itself, or from private
sources—provide money for college that doesn't have
to be paid back. Many grants determine eligibility by
looking at your FAFSA results.
• Scholarships are primarily awarded for academic
merit (good grades) or for an accomplishment
(volunteer work or a specific project); however, there
are many need-based scholarships out there, as well.
• Both grants and scholarships don't have to be repaid.
6. WHAT ARE MERIT-BASED SCHOLARSHIPS?
• Institutional merit-based aid
• Need not considered
• Procedures for being considered vary
-Nomination
-Scholarship application
-Admission application
7. WHAT ARE ATHLETIC SCHOLARSHIPS?
• Awards made by athletics department
• Annually renewable
• Can be full scholarships
-Tuition, fees, room, board, books
• Can be partial scholarships
-Any amount less than full
8. WHAT QUESTIONS SHOULD STUDENTS ASK
ABOUT MERIT AND ATHLETIC AWARDS?
• Is the scholarship renewable?
• If so, what are the requirements for
renewal?
• Will the scholarship affect need-based aid
eligibility?
9. WHAT DO YOU HAVE TO OFFER?
• Knowledge
• Skills
• Experience
• Abilities
• Values
• Work Ethic
10. WHAT ARE YOUR OBJECTIVES/GOALS?
• What is your major/ field of study?
• What are you passionate about?
• What do you want to become?
• What difference do you intend to make with
your education?
12. EXERCISE 1:
• Choose a scholarship you may qualify for.
• What are the eligibility requirements?
• What is required of you? (ex. Essay, transcripts, etc.)
• What is required of others? (letters of
recommendations, photos etc.)
• Are there any items listed that you do not understand?
• Begin the scholarship application process
13. KEY POINTS TO WRITING A STRONG ESSAY
• 1) Put your heart—and some work—into it.
• 2) Do not write as if you are writing on Facebook. This
is a scholarly essay.
• 3) Be specific
• 4) Structure your essay (Good introduction/strong
conclusion)
• 5) Re-read, revise, and proof your essay (Have it
reviewed by several other people).
14. EXERCISE 2:
•
Write a rough draft for a scholarship essay.
Choose one of the following essay topics:
1)
2)
3)
4)
16. MORE CONSUMER TIPS…
• Avoid scholarship programs that charge
application fees
• Avoid scholarship search services that
charge fees
• Bargaining/negotiating?
• Know your loans
17. ONLINE RESOURCES
• The College Board
www.collegeboard.org
• SmartStudent Guide to Financial Aid
www.finaid.org
• Federal government
www.ed.gov
• Scholarship Web sites
• University/College Web sites
