Financial Aid Workshop

1
For Christ and Scripture
2
Financial Aid Workshop

• Financial Aid Information for the 2009-2010
  School Year

3
Agenda

• Financial Aid Web Site (www.masters.edu/finaid)
• Financial Aid Renewal Application
• FAFSA
• Scholarships
• Award Letters

4
Financial Aid Web Page www.masters.edu/finaid
5
Scholarships and Grantswww.masters.edu/scholarshi
ps
6
New Scholarship Search Page!!!
7
Frequently Asked Questions.
8
Applying for Financial Aid

• Two Items are required for you to begin the
  Financial Aid process.
• 1.TMC Financial Aid Renewal Application
• 2.FAFSA or FAFSA Waiver

9
TMC Renewal Application
10
FAFSAwww.fafsa.ed.gov
11
F is for FREE

• Remember it is Free to fill out the Free
  Application for Federal Student Aid (FAFSA) so
  if you get a site that charges you for filling it
  out you are at the wrong site.
• Go to www.fafsa.ed.gov

12
Tips for Completing the FAFSA

• Make sure both you and one of your parents has a
  PIN
• Even if your taxes are not complete you can file
  the FAFSA by estimation your income and taxes for
  2008.
• File it early to meet the March 2nd priority
  deadline.

13
Your Dependency Status

• You can file the FAFSA without your parents
  income if you can answer yes to one of the
  following questions
• Were you born before January 1, 1986?
• During the 2009-2010 school year will you be
  working on a masters or doctorate?
• As of today, are you married?
• Do you have dependents? (children of your own)
• Are both of your parents deceased or are you or
  were you a ward of the court?
• Are you currently serving on active duty in the
  US Armed forces?
• Are you a veteran of the US Armed forces?

14
Your Dependency Status

• As of today, are you an emancipated minor?
• As of today, are you in legal guardianship as
  determined by the courts.
• At any time on or after July 1, 2008 did your
  high school or school district homeless liaison
  determine that you were and unaccompanied youth
  who was homeless?
• At any time on or after July 1, 2008 did the
  director of an emergency shelter program
  determine that you were an unaccompanied youth
  who was homeless?
• An any time on or after July 1, 2008 did the
  director of a runaway or homeless youth basic
  center or transitional living program determine
  that you were an unaccompanied youth who was
  homeless or were self-supporting and at risk of
  being homeless.

15
Dislocated Worker

• Your parent lost their job
• Have been laid off or received a lay-off notice
• Receiving Unemployment benefits as a result of
  being laid off
• Are self-employed but now unemployed due to
  economic conditions or natural disaster.
• If a person quits their job, even if they are
  receiving unemployment benefits, they are NOT
  considered a dislocated worker.

16
Factors Affecting Aid

• Housing status
• On, Off, With Parents
• of Units Enrolled
• No Institutional aid for less than 12 units
• No government aid for less than 6 units
• Marital Status
• Other Aid Received

17
Academic Scholarship
Based on Cumulative GPA through Fall 2008

• New Applicants
• Even if you have not received an academic
  scholarship in the past, you could received one
  for the first time if you qualify.

• Renewal Applicants
• If you are a Freshman now you need a 3.00 GPA to
  renew
• If you are a sophomore or Junior now you need a
  3.45 GPA to renew.

18
Academic Scholarships
All Academic Scholarships based on Cumulative
TMC GPAs through Fall 2008
19
Servant-Leader Scholarship

• You can apply! Not just for new students.
• Available to all students, not in connection with
  SLS
• 2,000 Scholarship
• March 2nd deadline (or first 150 to apply)
• ON-LINE PROCESS On-line application with essay
  questions. Fill it out, print it out and mail or
  drop it of at the Office of Financial Aid.

Note to Self Start writing essay now!
20
Christian Ministry Dependent Grant

• 2,000 Renewable with a GPA of 2.5
• Renewal applicant Must complete and sign
  application.
• No parent signature required
• New applicant If you think you may qualify,
  fill out application with parent signature and
  doctrinal statement.

21
Ministry Matching Grant

• Deadline June 1st (or until funds are exhausted)
• Check from Christian Ministry and application
  must be received by deadline.
• TMC will match up to 2,500.
• Read application carefully.

Speak to your Christian Ministry now to ensure
the availability of funds.
22
Outside Scholarship Matching Grant

• TMC will match up to 1000 per student
• Match will be awarded as funds remain, however
  scholarship check must be received by TMC before
  the end of the Add/Drop period.
• Cumulative GPA of a least 2.5 is required.
• TMC will not match federal or state aid, or funds
  awarded based on a random winning or prize.

23
John R. Dunkin Alumni Scholarship

• Scholarship for Children of Alumni.
• 1000 Award for up to 4 years.
• Child of a graduate (with undergrad degree
  conferred) from Los Angeles Baptist College or
  The Masters College
• Full-time Students
• Minimum GPA of 2.5

24
Work Study

• Awarded on a first-come, first-served basis.
• Amounts 2,500 and 5,000
• Based on need you must complete the FAFSA.
• Job fair in August includes on and off campus
  employment opportunities.

25
Current Work Study Employees

• Must complete financial aid promptly to ensure
  available funds for your work study position next
  year.
• W-2s in campus mailboxes by the end of January.
• List work study earnings on FAFSA as part of
  income and on Worksheet C.

Speak to your current employer to ensure same
position for next year.
26
Cal Grant

• Must complete FAFSA and GPA Verification by March
  2.
• 2008/2009 Cal grant amount 9,708
• The competitive Cal Grant may be cut for the
  09-10 school year.
• Watch the news!!!

27
Cal Grant
If you dont have a Cal Grant, and dont think
youll qualify, apply anyway. It just takes
filing the FAFSA and stopping by the Registrars
Office, and could mean a lot of aid.
28
Additional Aid

• www.fastweb.com. The FastWeb scholarship search,
  probably the most recommended search for outside
  scholarships.
• www.collegeboard.org, Offers a fairly basic
  search profile and accurate results.
• Local Chamber of Commerce.

Additional scholarships can also be found from
local businesses, civic organizations, and
parents places of employment.
29
Documents Required by Financial
AidAccepting/Declining Your Financial Aid Award
30
Missing DocumentsFinancial Aid Details
31
Financial Aid Award Notification
32
On-line Award Accept/Decline
33
Communication

• Contact the Financial Aid Office with any
  questions _at_ extension 3400, or stop in the
  office.
• Let the Financial Aid Office know about any
  changes that happen in your situation, ie
  housing plans, parents employment, etc
• Inform the Financial Aid Office about any outside
  aid that you will be receiving.

Cut out the middle man and talk to your parents
about the information presented in this workshop!
34
The End!

• Thanks for Coming!