Presenters: Chris Fant, Canyon High Keith Brown, Opportunity Plan Traci Shields, Amarillo Area Foundation

 
Presenters: Chris Fant, Canyon High Keith Brown, Opportunity Plan Traci Shields, Amarillo Area Foundation
Presenters:
        Chris Fant, Canyon High
     Keith Brown, Opportunity Plan
Traci Shields, Amarillo Area Foundation

                                          1
Presenters: Chris Fant, Canyon High Keith Brown, Opportunity Plan Traci Shields, Amarillo Area Foundation
 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
Presenters: Chris Fant, Canyon High Keith Brown, Opportunity Plan Traci Shields, Amarillo Area Foundation
 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
Presenters: Chris Fant, Canyon High Keith Brown, Opportunity Plan Traci Shields, Amarillo Area Foundation
 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
Presenters: Chris Fant, Canyon High Keith Brown, Opportunity Plan Traci Shields, Amarillo Area Foundation
   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
Presenters: Chris Fant, Canyon High Keith Brown, Opportunity Plan Traci Shields, Amarillo Area Foundation
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
Presenters: Chris Fant, Canyon High Keith Brown, Opportunity Plan Traci Shields, Amarillo Area Foundation
 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
Presenters: Chris Fant, Canyon High Keith Brown, Opportunity Plan Traci Shields, Amarillo Area Foundation
   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
Presenters: Chris Fant, Canyon High Keith Brown, Opportunity Plan Traci Shields, Amarillo Area Foundation
 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
Presenters: Chris Fant, Canyon High Keith Brown, Opportunity Plan Traci Shields, Amarillo Area Foundation
It Starts With You!

   M. Keith Brown
  Executive Director

                       10
College- 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.

                                                                              14
Estimated 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)

                                                        19
504 24th Street
   Canyon
                  20
If you take responsibility
       for yourself, you will
        develop a hunger to
    accomplish your dreams.
            -Les Brown

www.OpportunityPlan.com
                                 21
22
2017 Scholarship Program

Achieve the dream of going to college!

                                         23
Amarillo 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
                                                                      24
Why 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!

                                                  25
Application Opens
     November 2016

    Application Deadline is
Friday, February 10, 2017 at
     12:00 p.m. (noon)
                               26
www.amarilloareafoundation.org

                                 Start by clicking on the
                                  Scholarship Map tab
                                          here.

                                                    27
Link 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
                          scholarships
Scholarships listed by county

                                29
Link to online
 application

                 30
If 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
                                                                       31
Email becomes
           username –
          **keep email
            up to date

 Only
Select

              This will also
              log you on       32
AAF General
   Scholarship
Application will be
 available early
   November

                      33
Important 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.

                                                                            34
Important 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.

                                                                       35
Need 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

                                  38
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