"Be strong when you are weak, brave when you are scared, and humble when you are victorious."
FEBURARY 3, 2014
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FAFSA Rap: Free Money!
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DON'T FORGET & DON'T WAIT! Make sure to fill out your FAFSA. The Free Application for Federal Student Aid is the way for you to get grants, loans, and federal work study for paying for your time here at American University! You must fill out the FAFSA each year, and the deadline is on May 1. BUT, we encourage you to fill our your FAFSA as soon as possible. You'll need the following items: - Social Security Number - Alien Registration Number (if you are not a U.S. citizen) - Your most recent federal income tax return - Bank statements and records of investments (if applicable) - Records of untaxed income (if applicable) - Federal Student Aid PIN (www.pin.ed.gov) NOTE: If your parent(s) or guardian(s) claim you as a dependent on their taxes, you will need most of the above information for your parent(s) or guardian(s). REMEMBER: TAXES DUE APRIL 15 FINISH THEM EARLY FOR FASTER RETURN Did you make any money in 2013? You need to fill out your tax returns! You may even get money back from the federal government, based on what you paid out of your paychecks. Your forms are due on April 15, but, again, you should do this as soon as possible. Questions? File for Free! ARE YOU GRADUATING? If you're graduating, FAFSA doesn't really go away. In about 6 months, your student loan lenders will start collecting on the loans that they've let you borrow. A monthly billing installment will begin and payment is required. To make sure that you're on top of your game and don't fall behind on your payments, keep the following tips in mind: - Keep your address up to date with all of your student loan lenders;
- Watch your mail for your bills! Student loan bills don't always come well-marked, so make sure you pay attention to what's in your mailbox;
- Keep your documents in order. A folder or spreadsheet may be your best friend in keeping your student loans in order.
- Worried that you can't pay your bills? Talk to your lenders. Income-based repayment plans may be available for you.
TIP: Don't let student crush you! Know your options and help inform others who might be confused. You are Not a Loan! FREE MONEY
Merit-based aid:
Aid that does not have to be paid back; a scholarship based on academic, artistic, athletic, or other merit-oriented criteria.
Need-based aid: College-funded or college-administered award from institutional, state, federal, or other sources for which a student must have financial need to qualify. This includes both institutional and non-institutional student aid (grants, jobs, and loans). Is the amount of money that you've been offered through American University and your FAFSA not enough to cover your expenses? Or perhaps you would like to convert some of your loans into grants? Merit-based aid is a great way for you to help augment your need-based offerings. Free money is always a good thing and no grant or scholarship is too big or too small. Finding awards that you're eligible for may take some work, though. Three tips for a successful scholarship search: - Start early. - Look everywhere. - Be thorough. But where to start? Think about who you are and your identities and what organizations have missions to assist people with your identity. Perhaps it is your race or ethnicity, sexual orientation, religion, or veteran status. Maybe it's the industry that your parents or guardian work in. Some places to get started: - CollegeBoard - Scholarships.com - Zinch Do you have questions about paying your bill? Contact AU Central! UPCOMING EVENTS The Center for Diversity & Inclusion has events and forums specifically for students who are the first-generation in their family to attend college! We are excited to announce that we're planning a professional development program for staff to gain insights on working with first-generation students in early February, and all AU community members are welcome to attend! Being first in your family to attend college often presents many rewards and sometimes challenges. This session will offer participants an understanding of this unique population and provide effective tips for working with this growing community. Register Today! |