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Financial Aid

101
Junior Jump Start
April 5, 2009
How to apply
• Complete the FAFSA

• ONLINE at
www.fafsa.ed.gov

• Other Applications
 CSS Profile
 School Applications
It’s all in the timing

• Submit the FAFSA


after January 1 of
senior year

• Recommended filing
date: February 15

• Review the SAR


The Big Question
How is financial aid eligibility determined?

Estimated Cost of Attendance


- Expected Family Contribution
= “Financial Need”
Institutional Sources
• Merit Based
Scholarship

• Need Based Grants

• Endowments

• Athletic Scholarships
Federal Sources

• Entitlement Programs
 Pell Grant, ACG, SEOG

• Campus Based Programs


 Federal College Work-study

 Federal Perkins Loan


More Federal Sources
• Federal Stafford Loans
 Student is borrower
Subsidized and Unsubsidized
 Eligibility: Freshman $ 5,500
Sophomore $ 6,500
Junior & Senior $ 7,500

• Federal Parent Loans (PLUS)


 Eligibility: up to Cost of Attendance less
all other financial aid
New York State Sources
• Examples of State Programs

 NYS Tuition Assistance Program


(TAP)

 NYS Merit Scholarships

 NYS Lottery Scholarships

 NYS HELP Loan


Keep up the good work!
• Scholarship Research: Use the Internet,
check employers, civic groups, community
organizations

• Grades and curriculum are key

• Guidance offices are a great source!


Special circumstances

• Communication is key
Notifyschools in writing
Provide detailed
information

• Follow up with each


school

• At Siena, we respond to
every request!
Take it from us
• Deadlines rule!

• Review all forms

• Keep copies

• Check your mail


Check the Web…
www.finaid.org
The SmartStudent
Guide
to Financial Aid

www.fastweb.com
FastWeb scholarship
Search

www.hesc.com
NYS Higher Education
Services Corporation
Keep in Touch

Siena College
(888) AT-SIENA (toll-free)
(518) 783-2410 (fax)

aid@siena.edu

www.siena.edu/financialaid

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