Understanding Different Sources of Financial Aid
Beth Walsh-Sahutske, Grosse Pointe South HS
Spring
Summer
Fall
Winter
Spring
Summer
Fall
Research careers, complete job shadows, continue to learn what you like and what you are good at
Visits
Award Letter
Scholarships
Apply
FAFSA
Decision, Orientation, Deposits
The Cost of College
Wayne State (at home) $13,900
GVSU $26,000
MSU $25,000
CMU $25,600
U of Michigan (ann arbor) - $31,000
Eastern Michigan $25,806
Kettering $26,390
,
Compare and Contrast Colleges
Google name of college and the words “net calculator”
Two reminders for why finding free money is important
Direct Fees
(tuition, dorms, meals)
+
Indirect Fees
(transportation, entertainment, health insurance, special sheets for dorm, computer, pizza on Sundays, etc.)
Class of 2019
GOOD RULE OF THUMB:
Undergraduate students should borrow no more in total than their expected salary at graduation
Family help�Government - FAFSA�Private banks - your own research
Google a college name + “scholarships” and check out your college’s automatic scholarships based on GPA and test scores
$$$$$$$ PAYING FOR COLLEGE $$$$$$$
Free Money
Borrow Money
Work
Click here to estimate how much you may get from FAFSA
**This will only estimate how much you would get through the FAFSA from the government. Colleges may give additional funding based on your FAFSA information. You won’t be able to estimate this. This information will come with your award letter in January of senior year. Colleges determine Work Study.
Government - FAFSA
**College - FAFSA
**Work Study - FAFSA
Part-time or Full-time
Family help
College - Automatic (GPA/test scores)
�Scholarships - your own research
Tuition Reimbursement from your employer or military branch
FAFSA
(We are not doing this today)
Scholarships
Where to find the free money?
Use this document to see many places to start looking
Answering an essay prompt
Completing an online survey
Specific Examples:
Automatic: Awards from $2K - Full Ride based on test scores and GPA
Professional: NFIB Young Entrepreneur Award. $2K to someone who operates an established business
Charity: The Ronald McDonald House Charities US Scholarship
Minimum 2.7 GPA, Community Involvement and Essay
Employer: Fred & Lena Meijer Scholarship.
$3K Scholarship for those that work at Meijer/child of employee
The Best places to find scholarships
11
Maximizing Automatic Scholarships
Always Check:
13
Web-based scholarship search sites
INTERNET SCAMS
*Never pay
*Never give out your social security #
Create an email JUST for scholarships and check it weekly
Example: scholarships4me@gmail.com
Expect some junk but still better than an open Google Search
Follow directions EXACTLY
Spelling, punctuation, grammar 100%
Ask for references in advance
Give your reference a copy of the scholarship description
Ask an English teacher to �proof read
Answer the question asked
Be unique
Set your own deadline �5 days ahead
of the real one
Go for small amounts too
$1000 = 1 hour writing an essay or 2 ½ months at McDonalds
Reuse essays
Postmarked vs. Received by
What’s your SPECIFIC plan
for doing scholarships?
Congratulations!
You got a scholarship!
Now what????
Send a handwritten thank you and NO, no one cares that your handwriting isn’t perfect!
THANKS
Does anyone have any questions?
Gratitude to Jean Artenga, Counselor from Coopersville HS for her content contributions
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