Scholarships and Hamline and Beyond 1.13.15

Scholarships at Hamline and Beyond Katherine Hauschild and Adem Ojulu Financial Aid Seminar January 12, 2016 Overview • Timeline for senior year • Types of financial aid • Hamline Scholarship Opportunities – Merit Scholarships – Talent Scholarships • Outside Scholarships • Tips from Current Students and College Counselors Timeline for Senior Year Apply Hamline Merit-Based Hamline Talent Admission Decision Scholarships Scholarships Jan-Feb March May National Reply Date File the FAFSAAid Package Finalized Outside scholarship deadlines will be intermixed throughout the year Types of Financial Aid • Scholarships Merit • Grants • Loans • Work-Study or Student Employment Need Scholarships • You don’t have to pay them back • You can receive a scholarship through your college • You can receive scholarships through outside organizations • Some colleges ‘stack’ scholarships • NCAA rules prohibit athletic scholarships at Division colleges FAFSA • FAFSA (Free Application for Federal Student Aid) • FAFSA calculates EFC (Expected Family Contribution) and determines financial need • Grants, loans, and work-study based on financial need • Uses previous year’s tax information • https://fafsa.ed.gov/ Grants • You don’t have to pay them back • Based on the FAFSA results/your financial need • Federal, State, or Institutional Grants may be available • You don’t have to be a U.S citizen for state grants, you DO for federal grants Loans • You have to pay these back • MAY accrue interest while you are in school • Federal - Direct Subsidized Loan • Federal - Direct Unsubsidized Loan • Federal - Parent PLUS Loan • Private loans • Loans may require a FAFSA application Topic Scholarships Grants Loans Does the money have to be paid back? No No Yes Will I accumulate interest or fees on this? No No Yes Do I need a FAFSA application? Hamline Scholarships: No Outside Scholarships: No Yes State: Yes Federal: Yes Private: No Available for non-U.S citizens? Hamline: Yes Other schools: Varies Minnesota: Varies State: No Federal: No Private: Varies Other states: Varies Federal: No Robbins Leadership Award This scholarship is designed to support students who have earned the Eagle Scout rank or the Girl Scout Gold Award Fulford-Karp Physics Scholarship This scholarship is designed to support students who have a demonstrated interest and aptitude in physics The scholarship requires a major in physics major The scholarship is a full tuition scholarship Outside Scholarships • Students are also encouraged to apply for outside or private scholarships Hamline does not reduce Hamline scholarship and grant dollars when a student receives outside or private scholarships (stackable) • hamline.edu/outsidescholarships/ • fastweb.com • finaid.org • bigfuture.collegeboard.org/scholarship-search • internationalscholarships.com/ • scholarships.com/ Example of Scholarship Search Engine Results scholarships.com fastweb.com •Creating a profile is quick (this took mins) •Be as specific as possible! •Check back regularly for new scholarships My Matches internationalscholarships.com Outside Scholarship Examples Horatio Alger Minnesota Scholarship – October, annually The program provides financial assistance to students in the counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington in the State of Minnesota who have exhibited integrity and perseverance in overcoming personal adversity and who aspire to pursue higher education Visit www.horatioalger.org/scholarships/program_minnesota.cfm for complete eligibility requirements Award: $4,000 Coca-Cola Scholars Foundation, Inc - October 31, annually This scholarship is open to high school seniors demonstrating leadership and academic achievement Applicants must be a U.S citizen or legal resident planning to attend an accredited university, and have a minimum G.P.A of 3.0 after their junior year of high school Applications and additional information are available at www.coca-colascholars.org Award: Varies Finding Local Scholarships • Contact local organizations (Lions Clubs, Kiwanis, Rotary, etc.) •Visit your high school counselor •Ask your bank •Check with religious organizations •Ask employers Finding Internet Scholarships • Only use free scholarship search engines • Don’t pay money to get money • Answer optional questions • Use other college and university websites to look for outside scholarships Applying for Scholarships •Create a separate e-mail account •Have someone proof your essays •Build a resume •Be proud of your accomplishments! Questions to Ask •Are your scholarships stackable? •Are your scholarships renewable? •What is required for the scholarship application? •What is required to maintain the scholarship? Important Tips • Set reasonable goals and stick to them- set aside a reasonable amount of time every week • Don’t ignore a scholarship because it seems like a small amount of money • Don’t stop looking for scholarships once college begins Questions? ... outside or private scholarships Hamline does not reduce Hamline scholarship and grant dollars when a student receives outside or private scholarships (stackable) • hamline. edu/outsidescholarships/... Opportunities – Merit Scholarships – Talent Scholarships • Outside Scholarships • Tips from Current Students and College Counselors Timeline for Senior Year Apply Hamline Merit-Based Hamline Talent... Varies Federal: No Hamline Scholarships Merit Scholarships Merit Scholarships are awarded based upon your admission materials These scholarships not require a separate application Scholarships range