SMART MONEY MOVES
Crosby Scholars Financial Aid Newsletter | NOVEMBER 2023
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In This Issue:
- Upcoming Events
- Scholarships
- Get Ready for the FAFSA
- CSS Profile
- Residency Determination Service
- Services We Offer
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Have you created your Federal Student Aid (FSA) ID yet?!
Your FSA ID will serve as your login information to access, complete, and submit the Free Application for Federal Student Aid (FAFSA). The FAFSA will open in December, but you can create your FSA ID now so that you are prepared to fill out the FAFSA when it opens!
Join one of our events this month to receive assistance in creating your FSA ID!
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Creating your Federal Student Aid ID Webinar
Monday, November 20th | 6:00 - 7:00 PM
Virtual via Zoom
Join us as Ashly Wilson, Assistant Director of Financial Aid + Advising, gives a step-by-step demonstration on how to create your FSA ID!
Parents/Guardians + Advisors: We strongly encourage you to attend! Click here to register. Parent(s) will also need to create an FSA ID in order to complete the FAFSA with their student.
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Creating your Federal Student Aid ID Lab
Friday, November 10th
9-10 AM | 10-11 AM | 11 AM-12 PM | 1-2 PM | 2-3 PM
In-Person at Goodwill Industries Building
2701 University Parkway, Winston-Salem NC 27105
Join us in-person to receive help creating your FSA ID so that you can be prepared for the FAFSA to open in December!
Parents/Guardians: We strongly encourage you to attend with your student if possible. Parent(s) will also need to create an FSA ID in order to complete the FAFSA with their student.
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We have over 30 scholarship opportunities that are available only to Crosby Scholars Seniors! Because our scholarships aren't available to everyone, you are only competing with other Crosby Scholars in your graduation class!
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The Scholarship Handbook includes:
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the full list of scholarship opportunities available to you
- links to each scholarship application
- application instructions
- information about required documents
- information about the review process
- important dates
- frequently asked questions
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Additional Scholarship Resources |
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Need more scholarship starting points? Searching through scholarship opportunities online can be a time consuming and confusing process, and it can be difficult to know which scholarship sources are legitimate. Start by searching our Local, National, and Regional Scholarship Database to find opportunities best fit for you. Use the organizational tabs to sort by specific school or upcoming deadline date.
Many flagship scholarships at colleges conduct their scholarship application review and processes beginning in early fall of senior year.
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Get Ready for the 2024-25 FAFSA |
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WHAT IS THE FAFSA?
The FAFSA is the Free Application for Federal Student Aid. For many students, filling out and submitting the Free Application for Federal Student Aid or FAFSA is the first step toward creating your plan to pay for college. Submitting a FAFSA will let you know which types and how much financial aid you may qualify for.
The 2024-25 FAFSA for Class of 2024 graduates will be available in December and will require parents and students to use 2022 Tax Return information. Remember, the student and parents will need to create their FSA IDs prior to starting the FAFSA form. We recommend creating all necessary FSA IDs at least 3 days prior to the FAFSA opening in December.
The exact date that the FAFSA will be released in December has not yet been determined by the US Department of Education. As we learn this information, we will communicate it to you.
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WHY DO I NEED TO FILL OUT A FAFSA?
Colleges require a submitted FAFSA to determine a student's eligibility for Financial Aid, which can include a combination of scholarships, grants, and federal student loans. Colleges send each student who submits a FAFSA a detailed Financial Aid Award offer outlining which types and how much financial aid the student can expect to help cover their educational costs. The only way to know exactly how much Financial Aid you qualify for is to submit a FAFSA.
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HOW DO I FILL OUT A FAFSA?
Submitting a Free Application for Federal Student Aid or (FAFSA) is FREE, only takes about 1 hour to complete, and can be submitted electronically at www.StudentAid.gov on a desktop computer, a tablet, or a mobile phone. We recommend parent(s) and students create time to fill out and submit the FAFSA together, as both the student and parent(s) will be required to input information.
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CSS Profile | Opened October 1st |
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WHAT IS THE CSS PROFILE?
The CSS Profile is an online application used by some colleges and universities to award non-federal institutional aid. Colleges requiring the CSS PROFILE in North Carolina are Duke University, UNC Chapel Hill, Wake Forest University, Davidson College, and Elon University. Students may complete the application in their senior year starting on October 1, 2023.
The CSS PROFILE is free for families with an adjusted gross income of up to $100,000.
Families with higher adjusted gross incomes will pay $25 for the first school submitted and $16 for each subsequent school submitted.
Schools may have different deadlines - be sure to check with each school you are applying to. A list of participating schools are available here.
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NC Residency Determination Service (RDS) |
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HOW NC RESIDENCY DETERMINATION CAN IMPACT YOUR TUITION COSTS
You may already know that you need to complete the North Carolina Residency Determination Service or RDS interview once you begin filling out your college admission applications. While this is true, you also need to complete the RDS interview to know if qualify for In-State Tuition costs.
Under North Carolina law, in order to qualify for In-State Tuition, you will need to show that you have established your legal residence in North Carolina and have maintained that residence for a certain period of time before enrolling in College. If you forget to complete the RDS interview, you may be subject to paying Out-Of-State Tuition costs, which can be significantly more expensive.
Completing your Residency Determination is quick and easy! Click here to complete your RDS today.
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- Individual Financial Aid Advising
- FAFSA Application Demonstration
- Crosby Scholarship funding
- Last Dollar Grant funding
- Access to National, Regional & Local Scholarship Database
- Smart Money Moves Newsletter
- FAFSA, CSS PROFILE, and RDS Assistance Labs
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- Live Webinars:
- Early Financial Aid Awareness
- Federal Student Loan Borrowing
- Scholarship Research Resources
- FAFSA Basics
- Winston-Salem Foundation Scholarships
- NC 529 Savings Plan
- Thurgood Marshall College Fund
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Crosby Scholars is here for you! Schedule a virtual Financial Aid Advising session with Ashly Wilson, Assistant Director of Financial Aid + Scholarships! |
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To ensure that every public school student in Forsyth County has the opportunity to attend college. |
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