This document provides information about financial aid for US and non-US citizens. It defines financial aid as money from outside the family to help pay for education costs. It outlines the types of financial aid including need-based aid, merit-based aid, and sources such as federal, state, institutional, and private funding. The application process involves completing the FAFSA and potentially other forms. Creative ways to pay include pursuing IB coursework, attending community college, and co-op education programs. Timelines are provided for applying in junior and senior years of high school. Additional resources are also included.

1. FINANCIAL AID FOR
US AND NON US
CITIZENS

2.  What Financial Aid Is
 Terms & Acronyms
 Types & Sources of Aid
 Application Process & Forms
 Creative Ways to Pay
 Timeline
GOALS

3.  Money supplied by a source outside the family to help pay for
the cost of education.
 Basic premise of Financial Aid: Students and parents are the
primary source of funds and are expected to contribute to the
extent they are able.
 Not based on what the parent’s would LIKE to pay
 In reality, many colleges separate
 Financial Aid (need-based)
 Scholarships (merit-based)
WHAT IS FINANCIAL AID?

4. FINANCIAL AID OFFICE

5. COST OF U.S. INSTITUTIONS

6. FINANCIAL AID INFORMATION

7. NET PRICE CALCULATOR

8. FINANCIAL AID OFFICE
CONTACT INFORMATION

9. COST OF US INSTITUTIONS

10.  Need-Based Aid
 Merit-Based Aid
 Need-Blind Admissions
 Need-Aware Admissions (Most US Colleges &
Universities)
TERMS

11. EXPECTED FAMILY CONTRIBUTION
Parent’s Contribution
+ Student’s Contribution
Expected Family Contribution
Calculated ability to pay may not match
family willingness to pay!

12. DETERMINING NEED
Cost of Attendance
- Expected Family Contribution
Eligibility or Financial Need
COA
• Billable Costs: Tuition, Room &
Board, Fees, Health Insurance
• Indirect Costs: Books, Spending
Money, Transportation from Manila,
etc.

13. FINANCIAL AID FOR
US CITIZENS

14.  Federal Funding
 Pell Grant
 Stafford Loan
 Perkins Loan (high need families)
 State Aid
 Institutional
 Private
 Student/Family
 Community Organizations
 Civic Groups
 Religious Organizations
 Businesses
 Industry
SOURCES OF AID

15.  Based on family’s ability to pay
 Eligibility may vary
Cost of college
Availability of funding
College calculates family
contribution
College awards aid based on level
of need and available funding
 Parent Plus Loan
Parent loan
Based on parent credit

16.  Measure of Quality
Academic
Athletic
Artistic
Special Characteristic
 Family resources not a factor
 Award levels based on sponsors’
goals and funding levels
Always double check to see if merit aid is an “automatic”
process or a separate application.

17. HOW TO APPLY

18. Free Application for Federal
Student Aid (FAFSA)
 Apply for a PIN first
 Apply online
 Available January 1
 Parent tax information
needed
 Add schools you are
applying to (in ABC order)
 Apply early and watch
deadlines
 SAR approx. 4 weeks later
 REQUIRED FOR ANY
FORM OF FEDERAL AID
WWW.FAFSA.ED.GOV
NOT FAFSA.COM
FEDERAL APPLICATION
PROCESS

19. http://student.collegeboard.org/css-financial-aid-profile
 Verify if the university also requires CSS Profile
 Beyond the FAFSA: Medical expenses, elementary and
secondary school tuition, home equity, variety of unusual
circumstances
 Tailored to an institution
 Popular with ED schools
CSS/FINANCIAL AID
PROFILE
“When we began using the CSS, we were
not trying to cut the amount of money we
were distributing – we were just trying to
do a better job distributing it.”

20.  Divorced or separated parent information
 Parent tax returns
 Student tax returns
 Other information to verify
 Income
 Assets
 Family Size
 Special circumstances
FORMS & DOCUMENTS

21. WHAT TO DO NOW

22.  Research colleges and financial aid websites
thoroughly
 Determine your actual level of need
 Have realistic conversations about what you can
afford
 Talk to representatives who visit ISM. They don’t
work for the Financial Aid office, but can provide
some insight.
 Visit the Financial Aid office when visiting campuses
 Check state residency requirements (CollegeBoard)
 Get a social security number
 Do well academically
JUNIOR YEAR

23. STATE RESIDENCY?
http://www.finaid.org/otheraid/stateresidency.phtml

24.  Get organized
 Deadlines: Scholarship/Aid deadlines might be earlier
 Complete college applications
 Register for CSS Profile if needed
 Get PIN for FAFSA
 Gather information needed for CSS and FAFSA
 Check each university’s website
SENIOR YEAR: 1ST
SEMESTER

25.  January 1 – Apply For FAFSA
 Print copies for your file
 2-4 Weeks After FAFSA
 Review SAR for accuracy
 Make corrections if necessary
 Notify additional schools that it is available
 February – April
 Receive award letters
 Evaluate awards
 Contact University if necessary
 Make decisions
 April – June
 Follow university’s procedures
 Send required forms
 Signatures
 Deposit
SENIOR YEAR: 2ND
SEMESTER

26. ADDITIONAL
RESOURCES

27. FEDERAL AID RESOURCE
http://studentaid.ed.gov/

28. FINANCIAL AID 101
https://bigfuture.collegeboard.org/pay-for-college/financial-aid

29. FINANCIAL AID FOR
INTERNATIONAL
STUDENTS

30.  Defined as:
Students that will need a visa (F-1) to
study in the United States
INTERNATIONAL OR
FOREIGN STUDENTS

31.  Institutional
 Private
 Student/Family
 Community Organizations
 Civic Groups
 Religious Organizations
 Businesses
 Industry
SOURCES OF AID

32.  Measure of Quality
Academic
Athletic
Artistic
Special Characteristic
 Family resources not a factor
 Award levels based on sponsors’
goals, institutional priorities and
funding levels
Always double check to see if merit aid is an “automatic”
process or a separate application.

33.  Family ability to pay
 Eligibility may vary
Cost of college
Availability of funding
College calculates family
contribution
College awards aid based on level
of need and available funding

34. HOW TO APPLY

35.  Research required: know EXACT forms and
deadlines
 International Financial Aid Form
 CSS/Financial Aid PROFILE
 College-Specific Forms
APPLYING FOR FINANCIAL
AID

36. http://student.collegeboard.org/css-financial-aid-profile
 Verify if the university also requires CSS Profile
 Beyond the FAFSA: Medical
expenses, elementary and
secondary school tuition, home
equity, variety of unusual
circumstances
 Tailored to an institution
 Popular with ED schools
 Fee based form
CSS/FINANCIAL AID
PROFILE

37.  Parent tax returns
 Student tax returns
 Divorced or separated parent information
 Other information to verify
 Income
 Assets
 Family Size
 Special circumstances
FORMS & DOCUMENTS

38. ADDITIONAL
RESOURCES

39. WWW.INTERNATIONALSCHOLARSHIPS.COM

40. WHAT TO DO NOW

41.  SEE YOUR COUNSELOR
 Determine what your real level of need is
 Research colleges and financial aid websites
thoroughly
 Talk to representatives who visit ISM. They don’t
work for the Financial Aid office, but can provide
some insight.
 Do well academically
JUNIOR YEAR

42.  Narrow down to one school by May for Early Decision
 Have all testing done by October
 If not ED, then ED II
 Check your ego at the door
 Trust in your counselor
THE STRATEGY (SUBSTANTIAL NEED)

43.  Amherst
 Harvard
 MIT
 Princeton
 Yale
 NYU Abu Dhabi
 Dartmouth
NEED-BLIND

44.  Williams
 Swarthmore
 Middlebury
 Carleton
 Haverford
 Vassar
 Hamilton
 Grinnell
 Smith
 Colby
 Bowdoin
 Bates
 Colorado
 Colgate
 Occidental
SELECTIVE PRIVATE COLLEGES

45.  Get organized
 Deadlines: Scholarship/Aid deadlines might be earlier
 Complete college applications
 Register for CSS Profile if needed
 Gather information needed for:
 CSS Profile
 International Financial Aid Form
 Check each university’s website
SENIOR YEAR: 1ST
SEMESTER

46.  February – April
 Receive award letters
 Evaluate awards
 Contact University if necessary
 Make decisions
 April – June
 Follow university’s procedures
 Send required forms
 Signatures
 Deposit
SENIOR YEAR: 2ND
SEMESTER

47. CREATIVE WAYS TO “PAY”
(US AND NON US)

48. IB COURSE WORK
Credit Or
Scholarships
Did you know that most
Florida universities will
grant a full year of credit for
an IB Diploma score of 32?
Also Southern Methodist,
Ohio Wesleyan, U of
Minnesota, Oregon State,
and other public
universities
http://blogs.ibo.org/funding-opportunities/

49. NON-RESIDENT TUITION
SCHOLARSHIP
• Oklahoma State
• Colorado State
• Auburn
• U of Texas
• U of Washington
• Idaho State University
• Minnesota State University Campuses

50. Women’s colleges are
traditionally generous with
scholarships for international
students.
WOMEN’S COLLEGES

51. COMMUNITY/JUNIOR
COLLEGE
Pay lower
tuition for two
years
Guaranteed
matriculation
to a top
university

52. COMMUNITY/JUNIOR
COLLEGE
Pay lower
tuition for two
years
Guaranteed
matriculation
to a top
university

53. Work, Make Money, Earn Credit at the
SAME TIME!
CO-OP EDUCATION
• California Polytechnic State
University, Sam Luis Obispo
• University of Cincinatti
• Georgia Institute of Technology
• Johnson & Wales
• Kettering
• Long Island University, CW
Post
• University of Louisville
• UMass, Dartmouth
• Merrimack College
• Miami Dade College
• University of Michigan,
Dearborn
• Northeastern University
• Pace University
• Rochester Institute of
Technology
• University of Toledo

54. POINTS TO REMEMBER
(US AND NON US)

55.  US View: Paying for university may require some
sacrifice (vacations, helpers, etc.)
 Deadlines vary by institution
 Write or call the institution if any information is
unclear or if there are any unanswered questions
(DO NOT ASSUME!)
 Be prepared to provide documentation of family
resources
POINTS TO REMEMBER

56.  Some aid requires you to re-apply every year
 Some aid may be contingent on grades/GPA to
maintain aid
 Keep copies of forms completed as well as
supporting documentation
 Tax forms
 Employer’s statements
 Bank statements
POINTS TO REMEMBER

57. THANK YOU FOR
COMING!
This presentation will be posted on the HS
Counseling blog in the next week.
http://hscounseling.ism-online.org/