Navigate the Financial Aid Wilderness with This Federal Infographic

financial-aid-process cropIf you’ve got a high school senior in your house, your family is likely deep in the college application process and wondering how to pay for it all as well. Navigating the various types of student loans and other financial aid can be confusing, especially if you’re going through it for the first time.

The Federal Student Aid Office at the Department of Education has created an infographic to explain the financial aid process. It shows the basic process of applying for federal student aid and the various types of financial aid available.

Don’t have a high school senior? The Federal Student Aid Office has also produced a college preparation checklist for families regardless of their age. The checklist provides a list of things that students should be doing in elementary school, middle school, and each grade in high school to prepare for college and that parents can do to afford it when their child graduates. The checklist also provides resources for students to explore interests and for parents to support their child’s education.

Finally, if your high school senior is going into education or and education-related field (e.g., school social work, school nurse, librarian), has a GPA of 3.0 or higher in a non-weighted 4.0 scale, and is graduating from an Illinois public school, be sure to apply for the Illinois PTA Scholarship. The application is completed online, and the deadline is February 15, 2015.

 

Money for Future Teachers Available!

What?portrait of multiracial graduates holding diploma
The Illinois PTA has two scholarships available throughout the state each year. The top prize is $3,000 and the runner up is $2,000.

Who?
Any public high school senior that has a GPA of 3.0 or better. They must be enrolled in the education field or an education-related field (e.g., to become a school nurse or psychologist).

When?
A completed application must be submitted by February 15, 2015.

Where?
This year’s application is only available online.

How?
Here are just a few tips on filling out the application.

  • Don’t forget to put the county (not country) you live in, as this is vital for us to know what PTA district you live in.
  • We need a photo so if you win, we can publish the announcement with your smiling face!
  • Signature boxes! This part can be tricky, but it is still pretty easy. Just use your mouse or if you have a touch screen, you can use your finger to do the signature. If you are uneasy with a mouse, you can save your application and open it up with a touch-screen monitor.
  • Guidance counselors must sign your application, as this is a confirmation that your transcript is correct. Speaking of transcripts, they must include the first semester grades of your senior year and indicate if your GPA is 3.0 or higher on a 4.0 scale.
  • Answering the essay questions and filling out the activities and awards sections may take considerable time and space. So, start drafting early and be mindful of the amount of characters that you are limited to in the text box.