Presenters: Chris Fant, Canyon High Keith Brown, Opportunity Plan Traci Shields, Amarillo Area Foundation
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Presenters:
Chris Fant, Canyon High
Keith Brown, Opportunity Plan
Traci Shields, Amarillo Area Foundation
1
FAFSA: The Free Application for Federal
Student Aid
ALL Federal Aid (and much State and College
aid) is based on the FAFSA
The basis for creating the total financial aid
package
Myth: We make too much money
Reality: Everyone can get loans if needed
Everyone should complete the FAFSA
Most school scholarships require the FAFSA
Opened Oct 1- some aid is 1st come, 1st serve
2
Go to FAFSA.ed.gov, not FAFSA.com
Make both student and parent FSA ID
You will need
◦ Both student and parent 2015 tax return (or use IRS
Data Retrieval tool)
◦ Social Security numbers for parents and students
◦ Drivers license numbers
◦ List of schools interested in attending
◦ Records of untaxed income, that is, checking and
savings balances, investments, and other assets
3
Have problems?
Both AC and WT Financial Aid offices are available to
help
Circumstances change - Notify financial aid office
If significant change in income
If unusual financial circumstances such as high medical
bills
FAFSA Completion Night Oct 17
6:00 – 7:30 come and go in 1304
AC experts will be here
See studentaid.ed.gov/sa/fafsa/filling-out
4
Next you will receive your SAR with your
Expected Family Contribution (EFC) – the
amount the student and family are
expected to pay
At least 1/3 of all applicants are selected
for some sort of verification. This requires
more documentation to the financial aid
office. Be as careful and accurate as
possible when filling out the FAFSA to
avoid this.
Keep a copy of everything.
5
Cost of Attendance (COA) Resident Budget:
Tuition/Fees, Books/Supplies; Room/Board;
Personal/Transportation
Minus the Expected Family Contribution (EFC)—
and other financial aid
Equals Financial Need
6
You will receive notification from the
college of the financial aid awarded.
You respond indicating which and how
much of the aid you will accept.
When you enroll, the aid will be credited to
your account.
See www.consumerfinance.gov/paying-for-
college to “compare financial aid offers” or
bigfuture.collegeboard.org “compare your
aid awards”
7
SCHOLARSHIPS– “Gift Aid”—No Repayment
GRANTS– “Gift Aid”—No Repayment. Colleges
distribute these funds, no other applications
needed.
WORK STUDY- Self Help—Hourly Paid
Employment
LOANS- Self Help—Must Be Repaid
8
Apply early for financial aid.
Re-apply each year.
Complete all forms neatly and accurately.
If forms are incomplete, and not legible they
could be discarded and not reviewed.
Keep copies of everything you send.
Read carefully everything you receive from
the college, state, or Federal government.
9
It Starts With You!
M. Keith Brown
Executive Director
10College- any educational
level attained (university,
community college, technical
school) following graduation
from high school
11 Average Annual Salaries*
High School Drop Out $25,376
High School Graduate $34,376
Bachelor’s Degree $57,252
Advanced Degree $83,980
According to the U.S. Census Bureau, college
graduates will earn approximately $2,422,000 over
their lifetime while high school graduates will earn
$1,371,000 over their lifetime.
That’s a more than $1 million difference.
*compiled from Bureau of Labor Statistics website
12 Investment - “the act of putting (money) to use,
by purchases or expenditures, in something
offering potential returns, as interest, income,
or appreciation in value”
Look at reasonable debt for college as an
investment
13 Average cost in 2011 $87,804
Average cost in 2015 $101,139
Approximate 15%increase over five years
Average cost in 2020 $121,366
*Annual expenditures for tuition, fees, room, board, books and miscellaneous
expenses averaged between a variety of institutions chosen by OPI over a
four-year period. Institutions included represent community colleges, state
institutions, private institutions and technical academies.
14Estimated College Costs
2016-2017 Academic Year (AVERAGE COST $26,453)
Amarillo College Abilene Christian University Angelo State University Baylor University
Deadline: March 1 Deadline: March 15
Tuition/Fees $ 2,512.00 $ 32,070.00 $ 8,038.00 $ 42,206.00
Books/Supplies $ 1,656.00 $ 1,250.00 $ 1,200.00 $ 1,444.00
Room/Board $ 6,450.00 $ 9,730.00 $ 7,666.00 $ 10,576.00
Transportation $ 2,410.00 $ 1,450.00 $ 1,900.00 $ 1,876.00
Personal $ 1,514.00 $ 1,830.00 $ 1,580.00 $ 2,554.00
Total $ 14,542.00 $ 46,330.00 $ 20,384.00 $ 58,656.00
Clarendon College Frank Phillips College Lubbock Christian University Midwestern State University
Deadline: April 1 Deadline: April 15 Deadline: June 1
Tuition/Fees $ 3,030.00 $ 2,800.00 $ 21,166.00 $ 8,620.00
Books/Supplies $ 1,600.00 $ 1,050.00 $ 1,100.00 $ 1,350.00
Room/Board $ 6,297.00 $ 6,753.00 $ 7,260.00 $ 8,012.00
Transportation $ 1,982.00 $ 1,916.00 $ 2,198.00 $ 1,986.00
Personal $ 2,400.00 $ 1,393.00 $ 2,460.00 $ 1,830.00
Total $ 15,309.00 $ 13,912.00 $ 34,184.00 $ 21,798.00
South Plains College Texas A&M University Texas Tech University University of North Texas
Deadline: February 1 Deadline: February 1 Deadline: December 1
Tuition/Fees $ 2,918.00 $ 9,707.00 $ 10,622.00 $ 10,910.00
Books/Supplies $ 1,350.00 $ 1,054.00 $ 1,200.00 $ 1,000.00
Room/Board $ 6,450.00 $ 10,368.00 $ 9,384.00 $ 7,960.00
Transportation $ 4,309.00 $ 2,282.00 $ 2,300.00 $ 2,260.00
Personal $ 2,181.00 $ 3,474.00 $ 2,120.00 $ 2,116.00
Total $ 17,208.00 $ 26,885.00 $ 25,626.00 $ 24,246.00
University of Texas Wayland Baptist University West Texas A&M University FAFSA
Deadline: December 1 Deadline: March 1 Deadline: February 1 (Free Application for Federal Student Aid)
Tuition/Fees $ 9,810.00 $ 18,510.00 $ 7,666.00 October 1 availability
Books/Supplies $ 662.00 $ 1,000.00 $ 1,000.00 Use 2015 income as reported to IRS
Room/Board $ 10,070.00 $ 11,000.00 $ 7,196.00 www.fafsa.ed.gov
Transportation $ 1,490.00 $ 2,000.00 $ 2,392.00
Personal $ 2,820.00 $ 2,256.00 $ 2,150.00
15
Total $ 24,852.00 $ 34,766.00 $ 20,404.00 Complete FAFSA
(grants, loans, work study at www.fafsa.ed.gov)
Apply for Admission
(www.applytexas.org)
Apply for SCHOLARSHIPS
(local, private, institutional)
Know DEADLINES
16 Remember this is Essay
our only way to Introduction,
know you!! Body, Conclusion
Type your Tell us about you
application. and your plans!
Make sure all your Letters of
information is
Recommendation
correct.
1 from school
Please use
appropriate email 1 from outside
address.
www.OpportunityPlan.com 17 Get involved in extra- Establish relationship
and co-curricular with people in the
activities and stay community for letters of
involved through recommendation.
college. Start taking ACT/SAT
Start a list of activities, early and multiple
community service and times.
awards as you Remember grades are a
participate or receive. factor in scholarship
Get a job early and start selections but often not
saving. the ONLY factor.
18 FAFSA Scholarship
Federal programs Local
Grants Private
Loans Institution
Subsidized
Unsubsidized
OPI
Scholarships
(deadline April 1)
Loans (preapproval
required)
19504 24th Street
Canyon
20If you take responsibility
for yourself, you will
develop a hunger to
accomplish your dreams.
-Les Brown
www.OpportunityPlan.com
2122
2017 Scholarship Program
Achieve the dream of going to college!
23Amarillo Area Foundations mission!
To improve the quality of life in the Texas Panhandle
through effective philanthropic efforts.
The Foundation manages 100+ scholarship funds
In 2015, students from across the Panhandle were awarded
scholarships totaling over $348,000
Over the past 35 years, the Foundation has awarded about
$5 million in scholarships
We offer both renewable and one-time scholarships
Scholarship award amounts vary
Most funds require submission of the AAF online
application
24Why Should I Apply For Scholarships?
• Scholarships are an important piece of the
financial aid puzzle.
• Scholarships do not have to be paid back!!
• Scholarships are an investment in YOU and YOU
are worth it!
• If someone is going to get the $$$, why not YOU!
25Application Opens
November 2016
Application Deadline is
Friday, February 10, 2017 at
12:00 p.m. (noon)
26www.amarilloareafoundation.org
Start by clicking on the
Scholarship Map tab
here.
27Link only appears
once the
scholarship
application opens in
early November.
2. Link to
Scholarship checklist
Direct link to the
online
registration/application.
1. Click on county
for list of 28
scholarshipsScholarships listed by county
29Link to online
application
30If you have already setup
your profile just log on.
To setup your profile
select register:
If students have technical difficulties with logging on, they will
need to send an email to: scholarships@aaf-hf.org
31Email becomes
username –
**keep email
up to date
Only
Select
This will also
log you on 32AAF General
Scholarship
Application will be
available early
November
33Important Information
Pay attention to detail!
Your application is your resume. Make it count!
Enter a working email address
Keep it updated as ALL correspondence is done via email
Write an actual essay – do not provide 3 single-sentence answers
Do not leave the Service Information section blank
Leaving this section blank reduces the students overall ranking by
27% and often eliminates them from consideration .
Do not submit a transcript from last spring
The transcript must include fall 2016 grades.
Do not submit a W-2 in place of a Form 1040 tax return.
34Important Information cont..
SAT and/or ACT scores are not required. However if students have
their scores they should complete this section.
Required attachments can be uploaded.
If not uploaded, attachments can be emailed to scholarships@aaf-
hf.org by the application deadline – mailed attachments will be
accepted with a postmark of 2/10/2017 or earlier.
Pay attention to all Deadlines.
Submitted data is permanent!
Once the application is submitted, there is no going back to
make changes.
35Need Help?
Technical Difficulties? General Scholarship
Questions?
To resolve technical problems, For all other scholarship related
send an email to questions, please contact Traci
scholarships@aaf-hf.org Shields at the Amarillo Area
Foundation
Username/password won’t work
Having trouble submitting 806-376-4521
traci@aaf-hf.org
You will need to provide the students
first and last name with all
correspondence.
36 Go to “Parents/Students”
“Counseling, Career &
Scholarship Info”
“Scholarships and Financial
Aid”
Find
“Scholarship Database”
“Individual Local Scholarships”
“FAFSA Guide”
37 FastWeb Scholarship Search
◦ www.fastweb.com
Student Scholarships
◦ www.studentscholarships.org
Scholly App (small fee)
◦ home.myscholly.com
TG Adventures in Education
◦ www.aie.org/Scholarships
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