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Student Financial Aid Workshop

Student Financial Aid Workshop

College
SouthEast Bank| December 20, 2023
Student Financial Aid Workshop

Welcome to the Student Financial Aid Workshop series, a comprehensive guide designed to empower students in navigating the complex landscape of financial assistance for higher education. As the cost of education continues to rise, understanding the intricacies of financial aid becomes increasingly crucial. This series comprises four modules, each crafted to address key aspects of the financial aid process.

Part 1: Intro to Financial Aid, FAFSA Changes, and Cost of Attendance

In this module, participants will gain a comprehensive understanding of the fundamentals of financial aid. The session begins with an overview of the financial aid landscape, highlighting the importance of accessing available resources for higher education. Participants will delve into recent changes in the Free Application for Federal Student Aid (FAFSA) process, emphasizing key updates and their implications. Additionally, the module explores the concept of the Cost of Attendance, providing insights into how educational expenses are calculated and why it is crucial for financial planning. By the end of Module 1, attendees will have a solid foundation to navigate the financial aid landscape and understand the components influencing their funding options.

Part 2: Student Aid Index (SAI) and Completing the FAFSA

This module focuses on the intricacies of the Student Aid Index (SAI) and the step-by-step process of completing the FAFSA. Participants will gain a deeper understanding of how the SAI is calculated and its role in determining eligibility for financial aid. The session provides practical guidance on navigating the FAFSA form, offering tips and insights to streamline the application process. Attendees will leave with a clear grasp of the crucial elements in maximizing their SAI and successfully completing the FAFSA to enhance their chances of securing financial assistance for their education.

Part 3: Financial Need, Sources of Financial Aid, and Federal Student Aid Programs

Module 3 delves into the concept of financial need, examining how it is assessed and the factors influencing eligibility for financial aid. Participants will explore the diverse sources of financial aid available, from scholarships to grants and loans. The session also provides an in-depth overview of Federal Student Aid Programs, outlining the types of aid offered and the specific criteria for each. By the end of this module, attendees will have a comprehensive understanding of the various avenues for financial assistance and how to align them with their individual needs.

Part 4: State Programs, Financial Aid Scams, the Role of the Financial Aid Office

The final module expands the scope to state-specific financial aid programs, offering participants insights into additional opportunities beyond federal aid. The session also addresses the critical issue of financial aid scams, equipping attendees with the knowledge to identify and avoid fraudulent schemes targeting students. Finally, participants will gain a thorough understanding of the pivotal role played by the Financial Aid Office, learning how to leverage their services effectively. This module empowers students with the information needed to navigate both state-specific resources and potential pitfalls while reinforcing the importance of collaboration with the Financial Aid Office for a successful educational funding strategy.

We hope you enjoyed this Student Financial Aid Workshop, and that it helps you in your pursuit of funding your post-secondary education. Visit the SouthEast Bank Blog for additional topics that will help you learn more about financial literacy.