Financial Aid

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    • Financial Aid 101

    Seniors if you have not already completed your initial FAFSA please do so asap fafsa.gov. Click link on information about Student Aid https://www.youtube.com/user/PHEAAStudentAid

    Here is the NACAC form that allows a student to request that their enrollment fee be waived due to financial circumstances.  As you might know, enrollment deposits can be $200, $400, $600 or even higher, and restricts access for low-income students in many ways. Everyone can use it, but please know every college can create their own policies on whether or not they will accept it.  If you are a student making your final decisions and can't come up with the money for the deposit, you may want to submit this form ASAP

     
    PHEAA
     

    Presented by PHEAA: Covering the Gap: Pieces of the Puzzle to Help Pay Your Education Bill

    PHEAA, represented by Linda Pacewicz and Daniel Wray of PA Forward, is offering a series of one-hour webinars on the topic of Covering the Gap. These webinars emphasize best practices (such as seeking grants and scholarships first), reminds families about additional resources (such as payment plans), and touch on private/alternative loans as a last resort. The discussion will also include the basics of credit: what is a credit score, what factors impact a credit score, how can a credit score be improved, etc. Please register for this informative presentations and have your questions answered.

    For a list of dates and how to register, please go to:

    https://pheaa-events500.webex.com/mw3300/mywebex/default.do?siteurl=pheaa-events500

    Please note, this is an event sponsored by PHEAA.  If you have questions or concerns, please contact Sonya Mann McFarlane, the Chester County PHEAA representative at 717-514-6043 or smannmcf@pheaa.org.

      
     
    Types of Financial Aid
    1. Scholarships: federal, state, and institutional awards that do not have to be paid back; awarded to students on a need bases, merit, or talent
    2. Grants: federal and state funds that are awarded based on financial need and do not need to be paid back
    3. Work-Study: wages earned by student on or off campus to help pay for school costs; some programs may reduce tuition, while others with give the student a paycheck
    4. Loans: funds borrowed that must be paid back at specific interests rates

    5 Steps to Financial Aid
    1. Look for scholarships, grants, and other free money.
    2. Identify your specific deadlines
    3. Fill out the FASFA (Free Application for Students Federal Aid) by March 1st
    4. Compare schools’ financial aid offers carefully
    5. Be sure you have the money to need to cover ALL education expenses.

    Unusual FAFSA Filing Situations

    Additional FAFSA information for students with divorced or separated parents, stepparents, adoptive parents, or foster parents: Unusual FAFSA Filing Situations
     
    For more information on the financial aid process in Pennsylvania, visit: https://www.pheaa.org.