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Escaneie o código QR para se inscrever em e-mails do MEFA sobre tópicos relevantes de planejamento da faculdade

facebook.com/mefaMA

@mefa_ma

@MEFAtweets

linkedin.com/company/mefa

youtube.com/MEFAcounselor

mefa.org/mefa-podcast

Ajuda financeira 101

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Como Participar

As Configurações de áudio permitem controlar os níveis de volume

O recurso Bate-papo está desativado. Para se comunicar com o anfitrião, use a seção de perguntas e respostas

Use o recurso Levantar a Mão se precisar chamar a atenção do apresentador

Tem alguma dúvida durante o webinar? Digite-o na seção de perguntas e respostas

Click Leave to exit the webinar

Use o recurso Transcrição ao vivo se quiser ver legendas ocultas

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Sobre o MEFA

Autoridade estadual criada pela Comunidade de Massachusetts em 1982, ajudando as famílias a planejar, economizar e pagar a faculdade

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Tópicos do webinar

Tipos e fontes de ajuda financeiraThe Application Process
Como as decisões de ajuda financeira são tomadas
Paying for College
Free Resources

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TIPOS E FONTES DE AJUDA �FINANCEIRA

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O que é Auxílio Financeiro?

Ajuda financeira é dinheiro para ajudar estudantes a pagar faculdade

3 tipos principais:�Auxílios e bolsas de estudo (gift aid)�Trabalho-estudo federal�Empréstimos estudantis federais

Financial aid is simply money to help students pay for college
THREE main types of financial aid
Grants and scholarships are allocations of free money, also known as gift aid, which do not need to be repaid
Work-study does not come off the student’s bill and is a set amount of funding saved for a student to earn while on campus working in a part-time job
Work-study earnings are paid in paycheck form
Earnings from a co-op program or a work-study position are taxable but excluded from total income within the federal financial aid calculation
Federal student loans are considered financial aid because of their special repayment terms. As well, they are the only option for a college student to borrow a loan without a co-signer at a low, fixed interest rate
Student loans must be repaid
You do not have to accept loans or work-study

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Empréstimos Estudantis Diretos Federais

Estudante é o único mutuário�Sem verificação de crédito�Subsidiado e não subsidiado�Taxa de juro fixa de 5,5% para 2023-24�Reembolso:�Nenhum pagamento devido enquanto estiver inscrito�Múltiplas opções (muitas vinculadas à renda)�Total emprestado por 4 anos: $27,000 max�Pagamento estimado: $300/mês por 10 anos�Dívida total estimada: $32,000-$34,000�Adiamento, tolerância e oportunidades de perdão

Limites Anuais de Empréstimos

Ano do Calouro

$5,500

Ano Sophomore

$6,500

Ano Júnior

$7,500

Ano Sênior

$7,500

The interest rate for 2023-24 Federal Direct Student Loans will be set in May
Federal loan options should ALWAYS be considered before private options. If you do not use the eligible amount in any given year, you will not be able to borrower that amount in future years. i.e. If a student does not borrow freshman year loan of $5,500, they will not be able to borrow the $5,500 in sophomore year. Use it or lose it.
Direct Loans are student loans
Subsidized loans count within the total financial aid that is filling in the financial need, so they can’t cover the SAI
Go over loan details and limits:

Student Direct Loan: $5,500 FR, $6,500 SO, $7,500 JR & SR – these all include a $2,000 Unsub DL Loan each year

Tell families that even students with NO financial need can receive a $5,500 Unsubsidized Direct Loan
Start the kitchen table conversations now as a family about affordable monthly payments and debt that students will be able to afford based on future earnings.

$300 is the approximate monthly payment for a student who borrows $27,000, which is the amount of 4 years of maximum Direct Loans
$32,000-$34,000 is the APPROXIMATE amount in total debt, including interest, if someone borrowed $27,000.

Student will need to sign a Master Promissory Note and complete entrance counseling on StudentLoans.gov
Direct Loan – all U.S. citizens/permanent residents are eligible
Students whose parents are denied for the PLUS loan are automatically eligible for a $4K (FR & SO) or $5K (JR & SR) Unsub Direct Loan – these amounts are in addition to the limits above
Many repayment options are available for borrowers, including those tied to the new grad’s income. Forgiveness provisions exist for certain professions. See StudentLoans.gov for details. All Direct Loans don’t have to be repaid until after the student leaves school.
What is reasonable student loan debt? On average, student borrowers who graduated in 2017 owed $28,650 according to TICAS
Additional Loan Options:

NIL: A MA state loan for low-income students; not available at all schools

Parents who want loans will have to apply for them separately and will need to be credit-worthy (a PLUS Loan is a federal parent loan but still requires a credit-worthy borrower and an application)
Students who want an additional loan will need to apply through a private source and will need a credit-worthy co-borrower
Many private loans offer multiple repayment options allowing families to start make payments while the student is in school or to defer payments until after the student graduates

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Fontes de ajuda financeira

Federal

Subvenções, trabalho-estudo, empréstimos, incentivos fiscais
StudentAid.gov

Massachusetts

Subvenções, bolsas de estudo, isenções de propinas, empréstimos
mass.edu/osfa

Faculdade/Universidade (ajuda institucional)

Subvenções, bolsas, empréstimos

Outras Agências

Bolsas de estudo: pesquise através de mefapathway.org e fastweb.com e verifique com seu orientador escolar

US$ 174,4 bilhões*: o valor total do auxílio que os estudantes receberam em 2021-22

*Trends in Student Aid 2022, The College Board

Financial aid comes from four primary sources. Each source has different requirements for eligibility.

Federal: Most federal grants are allocated for lower income families; work-study is reserved for students with financial need; Every student eligible to apply for federal financial aid can receive federal student loans; tax incentives are credits on federal tax returns
State: Most state grants are allocated for lower income families; MA also offers scholarships and tuition waivers for students who meet certain criteria; Not many people receive MA state aid. Recipients must be MA residents for at least one year. Visit mass.edu/osfa for more details on MA state aid
There’s a new MassGrant Plus program for high need part-time community college students. This is the first time the Mass Grant is being used for part-time students
College/University: some colleges or universities do have their own student loan programs
By submitting your financial aid applications, you are applying for federal, MA, and institutional financial aid
Start looking online for outside/private scholarships now. You must find and apply for these separately. mefa.org has an entire page devoted to private scholarships with links to different search engines. Check with your guidance counselor for local/high school scholarships. Also check with the parent employers and any membership groups or affiliations of which parents are members. NEVER pay for a scholarship search or application – those are scams. And students can start looking for scholarships EARLY (as young as Elementary School!)
You may want to ask the school counselor before the seminar beings if he/she wants to speak about local outside scholarships and how the information is available through the guidance office
You can mention the College Board Opportunity Scholarships: students complete college planning steps and students that complete all 6 steps can enter to win $40,000
The total amount of aid listed is the total amount of undergraduate aid

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Auxílios baseados no mérito

Concedido em reconhecimento às realizações dos alunos (acadêmicas, artísticas, atléticas, etc.)�Pode ter requisitos renováveis ou não ser renovável�Não é oferecido em todas as faculdades; Consulte o site de cada faculdade para obter detalhes�Pedido separado às vezes necessário (verificar prazos!)�Prazo de inscrição pode ser já em novembro

Financial aid may also be awarded based on factors other than financial eligibility

Only some colleges award merit aid, also called merit scholarships
Awarding practices vary significantly from college to college
Discuss some of the ways students may need to apply for merit aid: a separate application, essay, nomination, etc.
Some merit scholarship applications have deadlines EARLIER than the admissions and financial aid applications
Discuss how students may lose academic merit awards if they don’t meet GPA requirements
Most merit-based aid comes from the institution.
One example of merit aid from MA: John & Abigail Adams Scholarship:

Non need-based
Based on high 10^th grade MCAS score
No application: winners are notified in fall of senior year
Covers tuition (NOT fees) at MA public colleges & universities
UMass System has combined tuition and fees so their students will receive a tuition credit for the same amount that would be allocated for tuition. For a full listing of the Adams Scholarship amount at each school, visit mass.edu/osfa
Must be MA resident and U.S. citizen or eligible non-citizen
Must submit the FAFSA (even though it’s not need-based)
Students must maintain a 3.0 GPA for renewability
Don’t mention this at private high schools, as private high schools are not required to take the MCAS

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Ajuda baseada nas necessidades

Com base na elegibilidade financeira da família ("necessidade")�Elegibilidade determinada por uma fórmula padronizada�Inclui subsídios, empréstimos e trabalho-estudo�A maior parte da ajuda financeira é baseada nas necessidades�Deve estar fazendo um progresso acadêmico satisfatório

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O PROCESSO DE CANDIDATURA

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Cronograma de Ajuda Financeira

Confira agora os prazos e inscrições obrigatórias no site de cada faculdade�Os prazos de Ação/Decisão Antecipada geralmente são em outubro ou novembro�Os prazos padrão são normalmente em fevereiro ou março�CUMPRA OS PRAZOS DE INSCRIÇÃO!�Use o Gerenciador de Aplicativos Universitários do MEFA para se manter organizado

mefa.org/college-application-manager

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FAFSA^®

Solicitação Gratuita de Auxílio Estudantil Federal (FAFSA) - Required

by all colleges & must complete every year

Disponível em fafsa.gov em dezembro deste ano (geralmente 1º de
outubro)�Colaborador = pessoa cujas informações aparecem no FAFSA�Melhor se o aluno começar e depois convidar todos os outros colaboradores�Cada colaborador tem uma seção separada�Último colaborador a completar pode enviar o FAFSA�FAFSAs incompletos são excluídos após 45 dias (!); Lembretes são enviados a cada 7 dias

FAFSA:

Discuss the benefits of completing the FAFSA online: skip logic, saved info year-to-year, etc.
The website for the FAFSA is FAFSA.gov and it’s FREE to apply
The application usually opens October 1^st but it will be December this year
Stress that meeting the deadline is VERY IMPORTANT- Some schools may run out of money after their priority deadline.

If you are filling out the FAFSA early for EA or ED deadlines, you can always do a FAFSA correction later on to add more schools that were not initially on the students list.

Student and all parents on the FASFA need an FSA ID to log in to the FAFSA (except if parents filed taxes together, and then only one needs an FSA ID)
Getting an FSA ID takes several minutes (and for some reason can create some difficulty for families, so encourage families to get it NOW before the FAFSA even opens so it’s all ready)

Keep the FSA ID and password in a safe place so it is easy to retrieve. It can be cumbersome to reset or request a new FSA ID.
Families will need to set up answers to challenge questions

The FAFSA will pull their tax data from the IRS into the FAFSA though the family will not be able to VIEW the income tax information (for security purposes). If there are big discrepancies between income data from year to year, families should talk to the college financial aid offices
Must complete the FAFSA each year
Mention FAFSA Day as resource for free help completing the application
Federal and MA state financial aid eligibility will be based exclusively on the SAI from the FAFSA. The FAFSA must be completed for MA state aid by May 1!
The FAFSA webinar goes page by page through the application – provides a lot of detail
Student does not see parent information and vice versa
Add some more notes about the 45 day process, email reminders, countdown clock, etc.

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FSA ID

ID do FSA = nome de usuário e senha
Deve ter uma ID FSA para efetuar login
Configure sua ID FSA agora (deve aguardar de 2 a 4 dias para iniciar o FAFSA)
Deve ter um endereço de e-mail
Quem precisa de um ID FSA?

- Estudante� - Cônjuge do estudante se apresentou impostos separadamente ou não apresentou� - Todos os pais listados no FAFSA� - Se os pais declararam impostos conjuntamente, apenas um dos pais precisa de um

Aqueles sem um SSN responderão a perguntas baseadas em conhecimento extraídas do histórico de crédito

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O que é relatado no FAFSA?

INFORMAÇÕES GERAIS

�Estatuto de cidadania estudantil

- Todos os cidadãos dos EUA e não cidadãos elegíveis podem receber ajuda financeira federal� - Estudantes sem documentos são elegíveis para aulas de mestrado no estado e auxílio estatal �

Faculdades onde o aluno está se candidatando (cada uma receberá seu FAFSA)�Pais

- Casados, incluindo pais do mesmo sexo, incluem ambos� - Todos os pais que moram juntos, casados ou não� - Divorciado/Separado: pai que forneceu mais apoio financeiro nos últimos 12 meses & cônjuge atual� * Se os pais forneceram apoio igual, use o pai com maior renda ou bens� * Usar o Assistente Quem é Meu Pai� - Os responsáveis legais NÃO são pais�

# em casa: vai puxar da Receita Federal mas família pode atualizar�# de crianças na faculdade: não será usado no cálculo

What’s on the FAFSA:

Citizenship status – student must be a U.S. citizen or eligible non-citizen to receive financial aid (parent citizenship status is irrelevant). Eligible non-citizens: U.S. nationals & permanent residents, those with an Arrival-Departure Record (I-94), students with a T-visa or who have a parent with a T-visa, “battered immigrant-qualified aliens,” and citizens of the Federated States of Micronesia, the Republic of the Marshall Islands, or the Republic of Palau
Will do 1 form and send it to up to 20 schools at a time – you list your schools. Colleges cannot see the other colleges that students listed on the FAFSA.
Students and parents answer questions and provide data
Information from both parents will be required on the FAFSA, regardless of parents’ gender or marital status, if 1. Both parents are legal parents, defined as biological or adoptive parents; and 2. The student’s legal parents live together. Same-sex parents who live together and parents who have never been married who live together BOTH report information on the FAFSA.
If parents are divorced or separated, only the parent that provides more financial support and that parent’s spouse (if there is one) report information on the FAFSA. The other parent does not appear anywhere on the FAFSA
# of children in college (as of 24-25) will no longer affect eligibility for aid though it is still asked. Some schools are still using this figure for institutional aid which is why the question is still asked.

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O que é relatado no FAFSA?

INFORMAÇÕES FINANCEIRAS

Renda dos pais e alunos (renda de 2022 para o FAFSA 2024-25)�

- Vai puxar dados de impostos federais da Receita Federal (deve dar consentimento)� - Rendimentos tributados e não tributados que constam na declaração de imposto de renda

Bens dos pais e dos alunos

� - Incluir valor de poupança, cheque, investimentos, todos os negócios / fazendas, outras

propriedades� - Incluir 529 contas (apenas as do aluno) como um ativo pai� - Não inclui casa primária, valor da aposentadoria, seguro de vida, 529s para outras crianças� - A pensão alimentícia recebida é considerada um bem�A dívida não é declarada, exceto a dívida sobre os ativos declarados

Participe do nosso webinar Entendendo a FAFSA no dia 4 de dezembro

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Outros pedidos de ajuda �financeira

Perfil CSSTMcssprofile.org

Exigido por algumas faculdades e universidades para ajuda institucional�$25 para a 1ª escola, $16 para cada adicional�Isenções de taxas se a renda dos pais for de US$ 100 mil ou menos ou se a família atender a certos outros critérios�Fica disponível em 1º de outubro�O pai não guardião envia um perfil separado�O que saber sobre o webinar Perfil CSS

Pedido de Auxílio Financeiro Universitário�Exigido por algumas faculdades e universidades

CSS Profile

Only some colleges and universities require this (mostly private)
Will also ask for income from two years prior as its main income information but ask for other basic income totals from other years
The Profile provides colleges more information to award institutional funds
There is a fee for the Profile: $25 for first, $16 for every additional school
If student is applying Early Decision/Early Action, the Profile may be required earlier than the regular financial aid deadline
The Profile student dashboard will provide important information, such as deadlines and next steps
The Profile Registration step has been eliminated. Applicant information will be saved as soon as the family begins completing the form
There is no longer a separate Noncustodial Profile. If parents are divorced or separated, both parents must complete a CSS Profile. The custodial parent should complete a Profile first, as the noncustodial parent will not be able to complete the application until the student (on the custodial’ parent’s Profile) selects a college that requires a CSS Profile from a noncustodial parent.
Schools have an entire process by which a family can appeal the requirement for the noncustodial parent to submit a Profile. A noncustodial parent’s unwillingness or refusal to complete the application will not exclude the student from the requirement to have the noncustodial parent submit a Profile.
MEFA provided a webinar for families on the CSS Profile in late September. The recording is on mefa.org.
It does not matter if you fill out the FAFSA or the Profile first. Easiest to fill them both out one after the other while the information is fresh and all the documents have been gathered.
Families can also be reminded that the Social Security Number, while still an optional field on the Common App and the Profile, is often used by schools as the identifier when compiling all student data and applications, and it is helpful for families to therefore report the student’s SSN on all applications when requested.
Also, some colleges and universities may have additional financial aid application requirements (separate forms, etc.). Remind families to check application requirements carefully and to return all school requests for additional information or a callback.
The CSS Profile now allows a person to indicate a topic for a special circumstance. The person can check the box for that topic but must also include a narrative in the box provided about the special circumstance.

College/University Financial Aid Application

Institutions can ask anything
Not many colleges require this at all - check with the college for details

More common for returning students

As part of the original financial aid application (and not simply for Verification), some schools may require families to provide the corresponding tax return when submitting the financial aid application(s).

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Depois de se inscrever

Faculdades e estado recebem dados eletronicamente
O aluno receberá um Resumo de Submissão FAFSA (FSS) por e-mail
As faculdades podem solicitar documentos de verificação federal (obrigatórios).
Faculdades analisam pedidos e determinam a oferta de ajuda financeira
Algumas escolas podem divulgar ofertas estimadas com base apenas no Perfil
Algumas escolas podem liberar diferentes tipos de auxílio financeiro em etapas
Analise os sites das faculdades para saber mais sobre o horário de cada escola
Você não terá que se comprometer com uma escola sem uma oferta de ajuda financeira

Explain what happens with the applications once they are submitted

Information is sent off electronically and processed by a central processing center and data is sent to selected colleges as well as the Massachusetts Office of Student Financial Assistance
Students will receive a FAFSA Submission Summary (FSS) with a summary of FAFSA answers via email
For FAFSA corrections, students should go back onto fafsa.gov, make corrections, and re-submit the FAFSA to the appropriate schools
For Profile corrections, they can log in and make corrections once or contact the colleges directly
Students should be sure to review all answers and make sure they are accurate
Explain Verification process. U.S. Department of Education requires that schools verify data on certain FAFSAs. Explain what documents might be required
Tell families to READ THEIR EMAILS from the financial aid office, to comply with requests, and to stay organized
Remind parents that colleges communicate with the students directly, and mostly electronically (so students should keep on top of email – some families set up a separate email address for all college communication that both students and parents can access)
Can let folks know to contact the financial aid office if something changes (a job loss) or if there are special circumstances (student wants to petition to be independent, etc.)

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Verificação

Colégios verificam dados sobre pedidos de auxílio financeiro
Alunos selecionados pelo Departamento de Educação ou faculdade
Deve atender a todos os pedidos para receber ajuda financeira
As famílias devem apresentar documentação adicional:

Transcrição da Declaração de Imposto de Renda� Planilha de verificação� Demonstrativos da Conta Patrimonial

Revise toda a correspondência de faculdades

Faça login no portal da faculdade para comunicações

Create a family email address for the financial aid process so no requests are overlooked

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Gabinete de Ajuda Financeira

Saiba mais sobre sua ajuda financeira

Critérios de renovabilidade da ajuda financeira (financeira, académica)
Como uma bolsa particular afetará meu auxílio financeiro?

Pergunte sobre considerações especiais

Mudanças nas circunstâncias familiars
Posso recorrer da minha oferta? Como?

Como entrar em contato com o Escritório de Ajuda Financeira

Telefonema
Email
Bate-papo (se oferecido)

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COMO SÃO TOMADAS AS DECISÕES DE AJUDA FINANCEIRA

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Custo de Atendimento (COA)

COA = Total de Despesas para �Um ano de faculdade

= Despesas Faturadas ou Diretas

= Despesas Não Faturadas ou Indiretas

Propinas e Taxas

+

Alimentação & Habitação

+

Livros e Suprimentos

+

Transporte

+

Despesas Pessoais

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Índice de Auxílio Estudantil (ISC)

Anteriormente chamada de Contribuição Familiar Esperada (EFC)
A mesma fórmula federal usada para todas as famílias
Algumas faculdades também usam uma fórmula institucional
Família tem a responsabilidade primária de pagar
Não necessariamente o que a família vai pagar
Calculadora SAI

The SAI is formerly the EFC
The SAI reflects the family’s ability to absorb educational expenses (a family’s financial strength), but makes no particular assumptions about how the family will finance that contribution
The SAI is calculated using a standard formula for all families for the federal SAI
Some colleges (those that require another financial aid application – usually the CSS Profile) use an institutional formula for the distribution of their own college funds
The SAI is only for one year of college, and is re-calculated every year
The family has the primary responsibility to pay for the student’s education, and families have choices about how to do that
Families often pay more for college than the SAI
The SAI formula protects a portion of income and assets
0-5.6% of parent assets could be included in the SAI
Parent and student information is treated differently in the formula
20% of student assets is included in the SAI
After taxes and an income protection allowance, 50% of student income is included in the SAI
The formula does not take into account personal debt (credit card debt, car loan, personal debt)
Some colleges use two formulas (FM – federal, IM – institutional) if they collect two financial aid applications
MEFA has an SAI Calculator
The College Board Big Future webpage usually has an SAI Calculator for both FM & IM (it’s not yet updated)
Juniors: getting an estimate of your family’s SAI is something you can do now.
The formula is complicated – we can’t tell families what certain income and asset cutoffs will make them ineligible for financial aid

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Fórmula de Ajuda Financeira

As faculdades preenchem a elegibilidade de ajuda financeira com ajuda financeira de todas as fontes

Custo de Atendimento (COA)

-

Índice de Auxílio Estudantil (ISC)*

=

Elegibilidade para ajuda financeira

*Observe que um SAI negativo é tratado como zero nesta fórmula

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Concessão de ajuda financeira

$45,000

Faculdade�Custo de Atendimento

Necessidade não atendida e SAI são responsabilidade da FAMÍLIA

Necessidade não atendida

$5,000

Trabalho-Estudo

$2,000

Empréstimos Estudantis

$5,500

Subvenção

Bolsa

$17,500

$10,000

SAI

$5,000

Colleges use the SAI to determine eligibility for financial aid, then try to meet the eligibility (or fill the barrel) with financial aid from all resources

Most colleges are not going to be able to fill the barrel
The SAI always goes into the barrel first
Unmet need is more common than not
Explain what happens to SAI when there is unmet need. In this example, if the student decides to attend this institution, the family will need to contribute the SAI plus unmet need ($5000 + $3000 = $8000) for the student to attend
Use this as an example to demonstrate how the SAI is often the MINIMUM contribution for a family, not necessarily a MAXIMUM
Explain the difference between direct and indirect costs in the COA and that even though the college won’t bill the student for indirect costs, the family still needs to determine how they will be met
Explain ways that students can reduce indirect costs, such as used books and cheaper travel
Explain how outside scholarships may affect the financial aid
The work-study pool varies drastically from school to school
Remember to select “Yes” when asked on the FAFSA if you’d like to be considered for work-study. This does not obligate you to work but also does not guarantee that you’ll be given work-study. If you ARE given work-study, it will not replace any grants or scholarships that you would have been given if you had selected “No”
If you’re given work-study, you usually still have to apply for a work-study position

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Calculadoras de Preço Líquido

Ferramenta online encontrada no site de cada instituição
Faz perguntas sobre finanças familiares e estudantes acadêmicos
Fornece pessoal, preço líquido estimado da faculdade
Exibe ajuda institucional federal
Podem igualmente ser incluídos auxílios baseados no mérito
Observe que as calculadoras podem ainda não ser atualizadas para o ano de 2024-25

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Cartas de oferta: os totais podem variar

$45,000

$5,000

$40,000

Faculdade�Custo de Atendimento

Índice de Auxílio Estudantil (ISC)

Elegibilidade total

Bolsas/Auxílios

Empréstimos Estudantis

Trabalho-Estudo

Total

Necessidade não atendida

College A

$32,500

$5,500

$2,000

$40,000

$0

College B

$25,500

$5,500

$2,000

$33,000

$7,000

College C

$17,500

$5,500

$2,000

$25,000

$15,000

Unmet need can vary greatly from college to college even when the COA is constant

Explain the differences and possible reasons for the variance
College A, B and C could also represent 3 different students at the same institution (students with the same eligibility at the same school may still receive different financial aid based on the different strengths of the admissions applications or enrollment goals of the school, or maybe one student missed the college’s financial aid application deadline)
When comparing financial aid award letters, families should consider the total number of years the student plans to be enrolled
Encourage families to visit mefa.org after receiving award letters to take advantage of the online, interactive My College Cost Calculator to compare financial aid awards
Remind families that deadlines are so important – the student may receive less aid because the financial aid application was late
Although this example assumes the same COA, remember this will not be the case with most schools! It’s important to really consider those different COAs.

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Cartas de oferta: os tipos podem variar

$35,000

$45,000

$5,000

$40,000

Faculdade�Custo de Atendimento

Índice de Auxílio Estudantil (ISC)

Elegibilidade total

Bolsas/Auxílios

Empréstimos Estudantis

Empréstimos-mãe

Trabalho-Estudo

Total

Necessidade não atendida

College A

$27,500

$5,500

$0

$2,000

$35,000

$5,000

College B

$17,500

$5,500

$10,000

$2,000

$5,000

College C

$0

$5,500

$29,500

$0

$35,000

$5,000

When comparing award letters, you can’t just look at the bottom line. You need to compare what’s making up each financial aid award

Here are three examples of awards from colleges with the same Cost of Attendance
Might want to start out by asking the audience what’s different about these award letters (Parent Loan – you can explain the PLUS Loan here)
You can see that even though three hypothetical colleges have the same total financial aid, the funds making up that award vary greatly
Explain the differences and possible reasons for the variance
Talk about the different kinds of loans a family might see on an award letter
College C might have not offered any grants or scholarships because the student submitted the financial aid applications late
What should a family do if offered a parent loan?
Although this example assumes the same COA, remember this will not be the case with most schools! It’s important to really consider those different COAs.

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PAGANDO A FACULDADE

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Preenchimento de SAI e necessidade não atendida

-$10,000

Saldo devido:

$20,000

Rendimentos Passados (Poupança)

Poupança Estudantil

-$1,000

Poupança dos pais

-$4,000

Renda Atual (Salários Correntes)

Contribuição dos pais para o plano de pagamento

-$5,000

Renda Futura (Empréstimos Universitários)

Empréstimo para Educação

$0

Families decide the best plan to meet the balance due at the college based on their own personal finances. The options fall under three major categories: past, present, and future income. Families don’t need to choose just one option (past, present, or future income) to pay the balance due, and combination plans can save money in the long run. Encourage families to visits mefa.org to access a Loan Payment Calculator, which allows families to understand the full cost of borrowing a loan

Reiterate that this is only for one year

Past Income: savings or other investments such as college saving plans
Present Income: Explain payment plan, e.g., owe $1,000? pay $100 per month for 10 months. Better than ANY loan
Future Income: borrowing loans. This will be in addition to student loans that are offered in the financial aid award. If families are considering financing any portion of the student’s education, they should take advantage of federal student loans first
You can speak here to wise borrowing, looking at interest rates and repayment options on private loans, not borrowing too much, and pointing out that students won’t be able to borrow private loans alone. Private loans are offered through banks, credit unions, lenders, and state authorities like MEFA. You can explain the PLUS Loan here as well.
Families need to be thinking about a long-term plan when deciding what options to use. This includes the total number of years the student plans to be enrolled as well as multiple children who plan to attend college

Colleges who use institutional methodology often expect the student to contribute from savings and/or summer work. Students are able to contribute to the payment plan along with the parents.

For families who are not receiving aid, you can still use these same steps. You will not be able to subtract aid, but if you have outside scholarships be sure to subtract them from direct costs.

Outside Scholarships can also be used as present income to help pay direct and indirect costs.
Remind families to think about the entire cost of the educational experience, not just the 1^st year.
Along the same lines, remember to consider all children in the household and potential college costs for them.
It’s Important to keep all options on the table, including lower cost institutions.

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Conversas importantes sobre a mesa da cozinha

Qual o preço líquido de cada escola?
Começar na faculdade comunitária economizaria US$ significativos?
Considere o número de filhos que você enviará para a faculdade
Pense em termos de dívida total (4+ anos de escola) & salário inicial potencial
O aluno está pensando em fazer pós-graduação?

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MA Auxílios Financeiros do Estado

Os estados têm instruções diferentes para listar faculdades na FAFSA: studentaid.gov/apply-for-aid/fafsa/filling-out/school-list
Para solicitar o auxílio financeiro estadual do MA, preencha o FAFSA até 1º de maio
No mestrado, os alunos que submeterem o FAFSA receberão um e-mail ou texto do Escritório de Assistência Financeira Estudantil do MA (OSFA) convidando-os a fazer login no Portal MASSAid para:

- Acessar e rastrear ajuda financeira estatal (NOTA: pode não haver nenhuma)

- Use a ferramenta de informações de elegibilidade de custo e ajuda financeira da faculdade

No MA, a ajuda financeira estatal é direcionada para a escola listada em primeiro lugar na FAFSA. No entanto, uma vez que os alunos criam uma conta de usuário MASSAid, eles podem indicar a escola que irão frequentar para receber seu auxílio estatal lá

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Transferência de Massa

Torna a transferência da faculdade comunitária para uma faculdade pública de mestrado de 4 anos mais acessível
Os benefícios incluem transferência de crédito garantida, crédito de mensalidade, congelamento de mensalidades
mass.edu/masstransfer

Pausa nas Propinas

Redução dos custos de mensalidades fora do estado em escolas da Nova Inglaterra para determinados programas

nebhe.org/tuitionbreak

Pagando pela faculdade em opções de mestrado

Different programs in MA offer affordable options for paying for college
Tuition Break is offered by NEBHE
NEBHE’s website also has a list of New England colleges & universities
MassTransfer info can be found at: mass.edu/masstransfer
Commonwealth Commitment:

Student must

Begin at one of Massachusetts’ Community Colleges
Complete associate degree within 2.5 years
Transfer to one of Massachusetts’ state universities or UMass campuses
Complete bachelor’s degree within 2 more years
Maintain full-time, continuous enrollment and a cumulative 3.0 GPA throughout the program

Commonwealth Commitment to Students

A freeze on tuition & mandatory fees for all four years upon entry into the Commonwealth Commitment program, until student graduates or leaves program
A reduction in tuition & mandatory fees by an average of $5,090 over four years through:

A 10% rebate off tuition & mandatory fees, payable via check or bookstore voucher at the end of every successfully completed semester
An additional MassTransfer tuition credit once student enrolls in bachelor’s program eligible majors

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RECURSOS GRATUITOS

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Recursos nacionais e comunitários

Dia da FAFSA

Assistência gratuita para completar o FAFSA�Eventos realizados Fev-Junho �Oferecido em inglês e espanhol�Inscreva-se no FAFSADay.org

Centros de Oportunidades Educacionais de Massachusetts

Organizações sem fins lucrativos que fornecem ajuda financeira gratuita e serviços de preparação para a carreira
Agende uma consulta com um orientador educacional

massedco.org/

Caminho MEFA

Recurso gratuito de planejamento universitário e de carreira para alunos do 6º ao 12º ano

mefapathway.org

FAFSA Day is part of the National College Goal Sunday Program and is a statewide volunteer program that provides free information and assistance to students and families who are applying for financial aid for postsecondary education

FAFSA Day will have open virtual events this year.

Educational Opportunity Centers offer free assistance with financial aid. Right now staff are meeting with students via phone and Zoom. They will begin soon trying to meet with students in person at their Worcester office. Many of the programs (EOCs) are housed in schools so appointments will be subject to the rules of the particular schools system but, in general, students can always be helped remotely. Schools will add some limited in-person counseling when appropriate. The former ASA help center housed at the Boston Public Library is now operated by MassEdCO. Currently no one is in the library so these counselors are helping students remotely. The MassEdCO website will continue to be updated as things evolve so it is always good to send students there and encourage them to call or e-mail.

Students can search for scholarships on Fastweb.com as well as mefapathway.org

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Manter-se no caminho certo até o último ano

Ano Júnior Primavera/Verão

Faculdades de pesquisa�Visite campi e feiras universitárias�Peça cartas de recomendação aos professores�Faça o SAT/ACT�Comece a escrever a redação da faculdade

Ano Sênior de Inverno

Submeter pedidos de admissão�Submeta o FAFSA�Candidatar-se a bolsas de estudo privadas�Enviar relatórios de notas do meio do ano

Ano Sênior de Outono

Retome o SAT/ACT�Cartas de recomendação seguras�Finalizar a(s) redação(ões) da faculdade�Participe do webinar Financial Aid 101 do MEFA�Preencha todos os pedidos de admissão�Obter uma ID FSA�Envie o perfil CSS, se necessário

Ano Sênior da Primavera

Receba admissões e ofertas de ajuda financeira�Participe do webinar Understanding Financial Aid Offers do MEFA e Paying the College Bill�Participe de programas de casa aberta da faculdade�Escolha sua faculdade até 1º de maio

Veja uma linha do tempo estendida em: mefa.org/college-admissions-and-financial-aid-timeline

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O que você pode fazer agora

Obter uma ID FSA para o aluno e pai(s)�Prazos de pesquisa e inscrições obrigatórias
Inscreva-se para outros webinars emmefa.org/events
Leia as postagens do blog de ajuda financeira emmefa.org/blog
Referência do cronograma do MEFA para admissões universitárias e ajuda financeira emmefa.org
Cadastre-se para receber os e-mails do MEFA emmefa.org

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Escaneie o código QR para se inscrever em e-mails do MEFA sobre tópicos relevantes de planejamento da faculdade

facebook.com/mefaMA

@mefa_ma

@MEFAtweets

linkedin.com/company/mefa

youtube.com/MEFAcounselor

mefa.org/mefa-podcast

Perguntas?

Call (800)-449-MEFA (6332) or email collegeplanning@mefa.org