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Once you have finished the FAFSA, you will receive a student aid report (SAR). This will include all the data you put into your application and also list your Expected Family Contribution (EFC). The EFC is simply what is says, how much money your family is expected to contribute to your college education. Once you receive this information, call the colleges that you listed on the application. They will receive the same information that you did. It is always good to check with them and ask if they have received everything they need. Shortly after that, you will receive a letter or e-mail from the university that you are interested in, stating how much they will be offering you. Usually they have a deadline with that letter asking you to let them know if you are accepting the money and coming to their school. Please reply before the deadline or you will lose the financial aid.
I know this is a lot of information. On Wednesday, I will hold two presentations for the seniors that have signed up to attend my sessions. They will be held during Advantage period in the community room. However, if your parents are interested in hearing more about this financial aid process, your local home schools are holding an evening session for parents and guardians. The dates are as follows:
VAN WERT - DECEMBER 10 - 6:30 PM
PAULDING - JANUARY 12 - 7:00 PM
KALIDA - JANUARY 12 - 6:00 PM
CONTINENTAL - JANUARY 13 - 6:30 PM
ANTWERP - JANUARY 26 - 6:00 PM
If your school is not listed, you may attend the one in your area. For example; Fort Jennings and Ottoville are also sponsoring the session at Kalida.
A couple of really good sites that I think are helpful are listed below:
Information needed for FAFSA
Myths about Financial Aid
What is Federal Student Aid
Financial Aid Resources (some great links to videos, handouts, etc)
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