Published on December 11, 2009
Chapter 5 : Chapter 5 DEVELOPING A FINANCIAL PLAN Chapter 5: Developing A Financial Plan : Chapter 5: Developing A Financial Plan The cost of education rises each year. But an education is a investment in yourself that no one can take away. When looking at an institution, determine all of the college costs, not just tuition. Calculate your savings so far and see if you are on track. Research saving programs to find one that meets your needs. Compare financial aid award letters and determine which options really has the lowest cost. Chapter 5: Developing A Financial Plan : Chapter 5: Developing A Financial Plan North Hills High School wants to provide you with access to the latest financial aid information. Each year, we host a representative from PHEAA to provide expert advice on the process. Financial Aid Night 2010 Wednesday, January 13, 2010 6:30 PM in the Senior High Auditorium You can also speak with your school counselor with questions about financial aid. Note: Male students should register with the Selective Service when they turn 18. You are not eligible for financial aid if you do not. Chapter 5: Developing A Financial Plan : Chapter 5: Developing A Financial Plan The FAFSA is the Free Application for Federal Student Aid.All students are encouraged to pursue the financial aid process, no matter your circumstances. Filing is FREE!!! The federal government does not allow seniors to file the FAFSA form until Jan. 1 of their senior year. It will ask questions about you and your parent/guardian’s earnings and background. The FAFSA form will be available in the CRC or your counselor in January. Reports from past graduates indicate that filing the FAFSA form on-line at www.fafsa.ed.gov is much more convenient. Since you will probably be filing each year, this may save you time the next time you apply. You should complete the FAFSA even if you just wish to pursue a student loan. You can see what the process looks like by using the FAFSA4caster. Chapter 5: Developing A Financial Plan : Chapter 5: Developing A Financial Plan Hint: You may wish to work hard to apply to your schools in the FALL (Sept-Nov) so that you can concentrate on obtaining financial aid and scholarships in the WINTER/SPRING (Jan-May). The class of 2009 earned over $3.6 million in institutional, public, and private scholarships. Many institutions (both public and private) contact North Hills regarding scholarships. These scholarships will be listed in the CRC Connection (a publication regularly posted in your homeroom and online), on the Guidance website, and a full listing will be available from your counselor and from the CRC. Check this on a regular basis to maximize your chances at obtaining a scholarship. Final Thoughts : Final Thoughts Keeping track of all of this information can be difficult. You are strongly encouraged to use and regularly refer to the “Looking Beyond” booklet, and the Junior + Senior Year Timelines to assist you with this. Please make your parent/guardian’s aware of this booklet and checklist. Post it somewhere prominent (refrigerator?) so that you are reminded to adhere to deadlines. Don’t “Fail to Plan…” : Don’t “Fail to Plan…” Preparation and organization are key to setting yourself up for success after high school. No matter what path you will pursue after graduation, proper planning during your senior year can maximize your chances for being successful in whatever endeavor you choose. Please access your school counselor and the Career Resource Center with any questions! Question and Answer Session : Question and Answer Session Thank you for your attention. Please take the opportunity now to ask any questions that you might have.