Do you get the same questions from students and parents over and over about financial aid? NACAC has put together a very nice Powerpoint presentation that you can share free with students and parents that have questions. It is free to download and use.
Here is a quick overview of what it covers:
1: How much does college cost, and what is included in the total cost?
2: What is the difference between grants, scholarships, loans, and work-study?
3: How does a student receive financial aid?
- focus on the net price, as opposed to the sticker price
- there are calculators on each College’s website that help you determine the net price (note we also have links to a number of school’s net price calculators here – http://www.linkforcounselors.com/net-price-college-calculators/
- information on the FAFSA
- information on Scholarships and where to look for them (one key tip is to tell your students never to pay money to apply for an outside scholarship)
- the difference between billable costs and indirect costs
- formula for assessing student need
- types of financial aid (grants, scholarships, work-study, loans
- sources you can trust for more information
The presentation includes some great information you can use. Here is a link to the page where you can download it for free – https://www.nacacnet.org/knowledge-center/financing-college/financial-aid-basics-what-students–families-need-to-know-ppt/