This Athens High School financial aid information addresses some ways of
meeting the costs of attending two and four year colleges. All two
and four year colleges are competitive for your business. Therefore, it
is imperative that you visit the campuses, investigate programs, ask
questions, and compare before you attend.
There are many types of financial aid that makes this a very
confusing topic. However, to be eligible to receive aid from any two or
four year school, the same basic procedures need to be followed:
Use this as a checklist!
1._____ Take the American College Test (ACT) and/or the Scholastic
Aptitude Test (SAT). These tests are used by the admissions office of the
four-year college and student financial aid office for college acceptance,
scholarship and aid section. Therefore, students are encouraged to take
these tests as early as possible. Some students take both tests - some
take one several times during their junior and early senior years. There
is not a set policy. However, the Ohio Board of Regents requires
applicants who are interested in applying for the Ohio Academic
Scholarship to take the ACT by the December test date. Also, most Ohio
colleges require the ACT test. Please check college bulletins for test
2._____ Request applications for admission, financial aid, and
scholarships from the college(s) you are considering. Complete and return
the forms by the institution's deadlines. Most institutions also require
an application fee ranging from $15 to $60. (Admission deadline at Ohio
University is February 1, and Hocking College is Feb. 28) Financial aid
will not be awarded until admission decisions are completed.
3._____ Receive the financial aid forms that your colleges require (CSS
Profile or Free Application for Federal Student Aid) from the high school
guidance office in December. Parents need to complete and mail this after
January 1st and by the deadline set by the college. Each individual
college will then determine which additional forms they need. Some
private colleges will usually want the Profile from CSS. Check with your
college to see which financial aid form they require. Don't forget that
aid will not be awarded until you are accepted for admission! To file
electronically (www.fafsa.ed.gov or www.studentaid.ed.gov)
This information from the financial aid forms provides a needs
analysis which colleges use to determine financial eligibility. They then
package financial awards from this analysis. Generally, a student's full
need is met through a combination of scholarships, grants, loans, and/or
employment. Each college will evaluate and award on an individual basis.
Students are advised that the name reported on the FAFSA must be identcal
to their name as it appears on their social security card. Question 31
asks students to self-certify that they have never been convicted of any
drug offense. If an applicant has never been convicted they must enter
"no" in the box for question 31. The student's FAFSA will not be processed
if they do not put "no" in the box or if they leave the question blank.
The FAFSA can be filed electronically, www.fafsa.ed.gov or
www.studentaid.ed.gov. To complete the FAFSA on the web, download the
preapplication worksheets and worksheets A,B, and C. Once the FAFSA is
completed, students need to print out the signature page and mail to the
address posted on the signature page or electronically sign the page with
the pin number. Students will be assigned a PIN which will be needed for
making corrections, obtaining certain information (Student Access) or
renewing the FAFSA in future years. List a stable e-mail address so
colleges can communicate with the applicant. Students and parents who submit
paper FAFSA's can apply for a PIN at www.pin.ed.gov. Students need to
retain copies of the FAFSA and signed tax returns for possible future
verification. Call 1-800-433-3243 for questions about
federal student aid, eligibility, form completion or correction, or
publications on financial aid.
Students will receive a Student Aid Report (SAR) after the FAFSA
is processed or can check the status of the SAR using the pin number.
Information is also sent to the college(s) named on
the FAFSA electronically. If students do not receive a SAR in 4-6 weeks
(if filing using the paper form), or they need another copy, they should call
1-800-4-FED-AID for a duplicate SAR. If applying electronically and the
student's social security number matches, the student has only completed
one application, there are no signature errors and the student has
provided an e-mail address the SAR information will be available on the
Students should check with the college(s) they expect to attend.
Additional paperwork/forms are often required.
The student's selected college financial aid office(s) will send
an award letter to the student indicating the types of aid the student
is eligible to receive. Students will accept or decline the awarded
aid and return the award offers to the colleges. The CSS/Profile is
used by some private colleges. The registration fee for the 2003-2004
academic year is $5. There is a $18 charge for each college or program to
which you want information sent.
4._____ Apply for the Ohio Instructional Grant. This need-based grant is
used for tuition by any Ohio public or private college. Application for
the OIG is by indicating the state of legal residence on the FAFSA
5._____ Meet with college admission personnel, financial aid officers and
academic offices of each college. Each area will have a listing of
available scholarships and other financial aid.
6._____ Apply for scholarships offered by Athens High and local civic
organizations, parents' workplaces, association, and credit unions.
7._____ By May 1st, notify the college you will be attending next year.
Also notify the colleges that you will not be attending.
Try all possible sources of financial aid.
Look into the financial aid possibilities at each school you are
Apply for financial aid as early as possible.
Apply for financial aid every year. Many awards are renewable!
Ask for information and help. College's financial aid personnel
are there for you.
Often scholarships are awarded only by a particular institution or
major. Inform the guidance office of the institution you are planning to
Check with each institution you are considering to be sure you
have completed the correct financial aid form(s).
Contact your college financial aid office if your income or
marital status changes. This may affect your financial aid eligibility.
There are currently 19 access programs in Ohio. These programs
provide early awareness activities, parental advising, college resources,
financial aid advising, career advising, and services to college students
Please contact the guidance office at Athens High School for
additional college admission and financial aid resources.
TYPES OF FINANCIAL AID
Colleges, with federal and state governments and private and civic
organizations, offer a variety of grants, loans, part-time employment and
scholarships to help students in financing their education. The purpose
of financial aid is to supplement the student and parent contribution
toward the cost of education, and to recognize academic achievement and
Grants are non-repayable funds awarded upon the analysis of financial need
that is determined by filing a Federal and supplemental or institutional
form. The application for the Pell (FAFSA) is available in the guidance
office. Each individual college will also have the form and its
institutional form, if required. Please check with your college of choice
for all required financial aid forms.
Federal Pell Grant. The Pell Grant is an "entitlement" program from the
federal government, which means that all undergraduate aid applicants who
establish eligibility will receive funds based on their expected family
contribution index, enrollment status (full-time, three-quarter time, or
half-time), and the cost of education. The Pell Grant serves as the
foundation for which all other aid may be added. Eligible recipients may
receive funding from this program up to five years for a four-year degree
program. (The Pell Grant is $400 - $3,750; Deadline: June 30, 2004;
Supplemental Education Opportunity Grant (SEOG). The SEOG is a federal
grant awarded to undergraduates on the basis of exceptional financial need
beyond the Pell Grant. These funds are awarded directly by the college
and are limited to the funds allocated to the college by the U. S.
Department of Education. The amount awarded to each eligible applicant
varies depending upon the needy student population for a given campus each
year. Value of $100 - $4000 per year as determined by the college.
Ohio Instructional Grant (OIG). The Ohio Instructional Grant is a
state-funded grant to assist Ohio residents in meeting the cost of
education. This is a need-based state grant that has different
eligibility criteria than federal need-based aid programs. It can only be
awarded to students attending school full-time and be used solely for
tuition. Application for the OIG is by indicating the state of legal
residence on the FAFSA. The amount an eligible student may receive is
$78 to $2,190 for attending a public institution; $378 to $5,466 for
private institutions. Application: FAFSA - Deadline: October 1, 2004.
An OIG "estimator" has been developed to determine the student's award.
This estimator is part of the Board of Regents website at
Part-time Student Ohio Instructional Grant. This program was created to
support a grant program for part-time undergraduates who are Ohio
residents and enrolled in degree-granting programs. These grants are
based on need and awarded by the individual colleges. Contact the college
financial aid office for additional information.
Student Workforce Development Grant Program. This grant provides tuition
assistence to Ohio students enrolled for full time study in eligible Ohio
private career schools (also known as proprietary schools). Students must
be pursuing an associate or bachelors degree and must not have been
enrolled full time in a private career school prior to July 1, 2000. The
annual award for the 2003-04 academic year is $138. Eligibility is not
based on financial need.
Ohio Student Choice Grant (OSCG). The student must be an Ohio resident
attending a private Ohio college full time and must not have enrolled
full-time in post secondary education prior to July 1, 1984. No formal
application required. The grant is currently $1,002 per year. Deadline:
Loans are repayable monies available from lending institutions and
colleges. Some loans are awarded on the basis of need and others are not.
Applications are available from banks, savings and loans, and two and
four year colleges. However, parents need to be considered for Federal
grants before loans will be awarded. This means that parents will first
need to complete a financial aid form (CSS/Profile or FAFSA), then apply
for loans. There are several applications for the following loans.
However, the FAFSA must also be completed. The deadline for applications
are set by the colleges.
Perkins Loan. The Perkins Loan is a federal loan for undergraduate and
graduate students enrolled full-time in a degree program at a
participating post-secondary institution. Repayment and interest accrual
begins nine months after a student graduates, leaves school, or drops
below half-time enrollment as defined by the university. The interest
rate is currently 5%, and loans can be included under the loan
consolidation provisions contained in the Reauthorization Act. The
student must sign a promissory note before a disbursement of cash or
credit to the student's account can be made. The award amount is up to
$4,000 as determined by the college.
Federal Stafford Student Loan. The Federal Stafford Student Loan is a
federally subsidized loan for undergraduate and graduate students enrolled
at least half-time in a certificate or degree-granting program at a
participating post-secondary institution. All applicants of the Stafford
Student Loan must file one of the financial aid applications to determine
need eligibility. Loan checks are sent to the college in two
disbursements from the lenders. Interest is at a variable rate. The
borrower has ten years to repay the amount of $50 per month minimum
payments. There is a deferment option while the student is attending
college and a 6 month grace period before repayment begins. (8.25
interest cap; loan maximum per year is Year 1 = $2,625, Year 2 = $3,500,
Years 3-5 = $5,500; loan maximum aggregates are undergraduates - $23,000,
graduates and professional - $65,000)
Federal Unsubsidized Stafford Loan. This loan follows the same criteria
as the Federal Subsidized Stafford Loan with several exceptions. The
interest is not subsidized while the student is enrolled in college. This
loan is not need-based. Parents need to first apply for the subsidized
loan and then apply for the unsubsidized loan for the remaining monies
required. It is important to shop for an unsubsidized loan since accrued
interest can be recapitalized four times per year.
Federal Parent Loan for Undergraduate Students (PLUS). The Plus Loan is a
supplemental loan for parents of undergraduates. The Plus Loan must be
used for education expenses at the school the student is or will be
attending. The check is sent to the college and made co-payable with the
parents. There is no federal interest subsidy on this loan. The borrower
is responsible for the interest on the loan from the day the loan is
disbursed. There is no deferment option. Variable interest rate (9% cap)
repayment begins 60 days after disbursement, however several repayment
options are available. Parents may borrow up to the cost of education
minus financial aid.
Ohio Supplemental Student Loan Program. This loan is awarded by a college
to an Ohio resident or a student attending an Ohio college. Students must
be enrolled in a program that leads to a degree, nursing diploma or
post-graduate certificate. The program is not need based. The borrower
can choose variable, quarterly interest rate or fixed rate (8.5%). The
interest capitalizes semiannually onto the principle unless it is paid
while the student is enrolled. Repayment begins six months after
non-enrollment. One thousand dollars minimum can be borrowed; maximum
amount cannot exceed cost of education less other financial aid.
College Work-Study. This is a need-based federal work-study program to
provide part-time employment for graduate and undergraduate students who
need additional financial assistance to attend college. The work-study
program may not displace presently employed persons or fill regular job
openings, therefore CWS jobs are used as a supplemental source of
assistance by institutions. Whenever possible, students are placed in
positions which coincide with their career interests or academic majors.
Most students are eligible to work 9 to 20 hours per week and are paid by
check every two weeks.
RESERVE OFFICERS TRAINING CORPS SCHOLARSHIPS
The U. S. Military Services offer a wide spectrum of scholarships and
educational opportunities. Although these are basically the same
throughout the five service branches, some programs are tailored to meet
the specific needs of a particular service.
The ROTC program is composed of nearly 500 Air Force, Army and
Navy units at public and private colleges in the U. S. The training,
elective in most institutions, consists of two to five hours of military
instruction per week and some summer sessions. ROTC graduates fulfill
their military obligations by serving on active duty as regular or reserve
from three months to three years. Graduates are expected to maintain the
necessary reserve associations as may be required to complete all military
ROTC scholarships vary from two to five years depending on the
branch of the military. Most of the scholarships provide full tuition,
reimbursement for textbooks, and a subsistence allowance. Deadline:
December 1 of senior year.
All service academies, such as West Point, Annapolis, and the
Coast Guard Academy, offer four years of college leading to a bachelor of
science degree. Admission to all of the military academies, except Coast
Guard, is by appointment. Participants receive tuition, room and board,
and a subsistence allowance. Upon graduation from an academy, commissions
are conferred for an active period of at least five years.
Any individual seeking more detailed information on scholarships
or educational opportunities should contact a military representative of a