Life After Ombudsman | College Financial Aid Basics

Date: October 31, 2011

Starting to feel like college could be the route for you, but don’t know if you can afford it?

Take a look at this video by Brooklyn’s Williamsburg Charter High School Charta Squad. It outlines the basics of applying for financial aid.

          

Before you decide that you can’t afford to go to college, why not apply for financial aid and see what help you can get?

Free Application for Federal Student Aid (FAFSA)

There is no cost associated with applying for Federal Aid. Please note: The FAFSA form cannot be completed before January 1, 2011.

CSS Profile

Some colleges and universities require that students submit the CSS Profile in addition to the FAFSA. The CSS Profile can be completed as early as October 1, 2010. This financial aid form allows colleges and universities to get a better picture of your financial status.

Unlike the FAFSA, the CSS Profile allows a school to consider a families real life expenses when awarding financial packages. The CSS Profile Fee is $ 25 to register and submit to one school and $16 for each subsequent submission. The CollegeBoard may provide a fee waiver. After the CSS Profile is completed, students will learn if they qualify for a full- or partial-fee waiver. This fee waiver is based on the financial information provided on the CSS Profile.

Additional Financial Aid Resources:

Financial Aid Lingo

  • FAFSA = Free Application for Federal Student Aid
  • EFC = Expected Family Contribution
  • SAR = Student Aid Report
  • COA = Cost of Attendance
  • SEOG = Supplemental Educational Opportunity Grant

Categories: Education Resources
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