WELCOME BIENVENIDOS

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• WELCOME BIENVENIDOS

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FINANCIAL AID

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• What are some of the ways that I am going to come
  up with the money needed to pay for my college
  education?

FAFSA SCHOLARSHIPS GRANTS LOANS WORKSTUDY
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FAFSA

• Free Application for Federal Student Aid
• Application contains information on parent as
  well as student yearly income
• The application is long, tiresome, and
  complicated to fill out, so ASK for help!!!
• The application is due NO LATER THAN MARCH 2nd
  for the following academic year.
• It can be done on line register for a pin number
  as soon as possible. www.fafsa.gov.ed

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Scholarships

• Scholarships FREE MONEY!!!
• This is money put aside by various private
  institutions
• For scholarships you must contact the institution
  and request an application
• The application consists of general information
  as well as a personal statement regarding WHY
  you should be considered for the award.
• Every year BILLIONS of dollars go unclaimed
  because no one applied for the award!

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Grants

• Grants FREE MONEY
• Pell Grant
• Based on financial need and is available for
  students working towards their 1st degree..
• Cal Grant A and B Based on California residency,
  financial need and for students working towards
  their 1st degree.
• Cal Grant A - 1,500/3,500/9,500 CA
  Residents CA Public College
• Entitlement Students needs at or above a 3.0 GPA
  and the application needs to be received on time.
• Competitive Student needs at or above a 3.0 GPA
  and the parents income, education and other
  information is considered.
• Cal Grant B - 1,500 CA Residents CA Public
  College Low Income
• Entitlement Students needs at or above a 2.0 GPA
  and the application needs to be received on time.
• Competitive Student needs at or above a 2.0 GPA
  and the parents income, education and other
  information is considered.

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Loans

• You have to pays these back
• Stafford Loan 3.7 APR
• Based on financial need Repayment 6mos after
  grad.
• Subsidized
• The Government pays interest while youre in
  school
• Allowed to borrow up to 3,000 per year
• Un Subsidized
• The student pays interest while youre in school
• Allowed to borrow up to 4,000 per year
• Perkins Loan 5 APR
• Based on students exceptional financial need
  Repayment 6mos after grad.
• Allowed to borrow up to 4,000 per year
• University Loans
• Loans distributed directly form the university.
  These have similar rates and repayment periods as
  Stafford/Perkins.

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Workstudy

• Work while you study!!
• Earn part of your financial aid through working
  on or off campus
• A portion of your work wage is paid for by the
  federal government
• Get a wonderful experience working in a field
  relating to your future.

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Other things to consider...

• This process takes time!
• Filling out the FAFSA and getting the required
  paperwork takes a while so give yourself PLENTY
  of time!
• Nobody is perfect...
• Make copies of all your paperwork, your Financial
  Aid info as well as your Applications for
  schools.
• Try not to worry!
• The money IS out there, your job is to find it!

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How to contact me?

• Valentín García
• Academic Coordinator
• San Jose Cal-SOAP
• 408.288.3128
• 408.898.0365
• garciav_at_ucsc.edu