Understanding Financial Aid

PRESENTED BY MIRACOSTA COLLEGE FINANICAL AID

What is Financial Aid?

Loans

Grants

Scholarships

Tuition &

Fee Waivers

Money borrowed to pay for tuition, supplies, and other fees associated with school.

This must be paid back!

Money gifted by the government to pay for tuition, supplies, and other fees associated with school.

This will not be paid back!

Money that is gifted to a student for special skills, talents, qualities, or academic achievements.

Schools, corporations and other private entities can offer this.

This will not be paid back!

Tuition and Fee waivers are assistance that lowers the amount the student must pay.

Tuition waivers aid students with the cost of tuition.

Fee waivers aid students with any additional fees the school may charge.

Students will still have to cover the remaining costs.

What type of aid could I receive?

Federal Work Study: Work that a student will get paid an hourly wage from their financial aid.

Dream Act Service Incentive Grant (DSIG): Volunteer work or community service hours that students receive a grant for completing.

How do I apply?

What information will I need?

Student

• Students will need to create an account with the CA Student Aid Commission (CSAC) to apply
• Students will need:
• Name
• DOB
• Create a username & password

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• If the student is required to provide their parent information then their parent will need to sign their application
• At the end of the application, the student will select "Submit Parent Signature"
• The parent will create a 4-digit pin that they will use each year to sign the student's application

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Students

• Students will need to create an account with the Federal Student Aid website by creating an FSA ID (username & password for FAFSA)
• Social Security Number
• Name
• DOB
• Create/answer challenge questions
• Students will need to provide a phone number and an email then verify each of those.

Parents

• Beginning with the 24-25 school year every parent of dependent FAFSA applicants will be required to create an FSA ID as well
• Parents are not required to have an SSN to create an FSA ID

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Financial Aid Programs

Cal Grant

Student Success Completion Grant (SSCG)

Dreamer Service Incentive Grant (DSIG)

California College Promise Grant (CCPG)

Extended Opportunity Programs & Services (EOPS)

Chafee Grant (foster youth)

Who qualifies?

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Requirements are the following:

• First-time
• full-time college student
• Must complete a FAFSA or CA Dream Act Application
• Enroll in 12 units or more each semester
• Must be eligible for in-state tuition

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What does it do?

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For the first two years!

• Pays tuition
• Pays fees
• $250 book voucher

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Financial Aid Process

Step 1:

Apply

Step 2:

Notification

Step 4:

Final Awards

Step 3:

Task List

Step 5:

Step 6:

Complete FASFA or CA DREAM Act App GPA

Receive estimated award notice via email or student portal

Submit documents if required

Awards may be revised & financial aid awards may change

If eligible, payment is disbursed

Maintain Satisfactory Academic Progress

www.miracosta.edu/scholarships

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SCHOLARSHIP COORDINATOR INFO

Alison Cotter

acotter@miracosta.edu

(760) 757.2121 ext. 6591

Scholarship Timelines

Reach Out!

MiraCosta College awards over $500,000 a year in scholarships!

Who can apply?

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• All MiraCosta students are eligible! Including students who are undocumented!
• High School Seniors can also apply! If you have your Surf ID, you can apply for fall scholarships too!
• Plan to attend MiraCosta and enroll in 6 units or more and have a 2.0 GPA or higher.

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Thank you!

Questions?