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This site is no longer being updated.  Please visit our new site at: 
www.yucaipaschools.com
 
Navigating Financial Aid     
Types of Aid
 
Grants: Free money (does not require repayment). Usually based on financial need. https://studentaid.ed.gov/sa/types/grants-scholarships

Scholarships: Free money (does not require repayment). Vary greatly in applicant requirements and award amount. https://studentaid.ed.gov/sa/types/grants-scholarships

Loans: Borrowed money from the government or private institutions. Does require repayment and loans accrue interest. Encourage limited use of loans if possible. https://studentaid.ed.gov/sa/types/loans

Work-Study
: Qualified students may work part-time on/off campus to earn money toward college expenses. https://studentaid.ed.gov/sa/types/work-study
 
FAFSA- Free Application for Federal Student Aid. https://fafsa.ed.gov/
 
Every family should fill out a FAFSA to determine financial assistance eligibility. Some colleges require submission for various program or scholarship opportunities.

New changes to FAFSA beginning next school year: https://studentaid.ed.gov/sa/about/announcements/fafsa-changes
  • New deadline for submission is October 1-June 30 (20 months to apply).
  • Can use tax information from year prior to start of college.
***
Grants
Cal Grant: Awarded through the state of California, based on financial need. New legislation requires ALL students to either submit their approval for automatic submission through YHS or opt out of submission. http://www.csac.ca.gov/

Federal Pell Grant: Awarded from federal gov. Based on financial need. https://studentaid.ed.gov/sa/types/grants-scholarships/pell
 
***
Scholarships
Can be based on need and/or merit. There is no limit to how many you can apply for! Research using reliable databases (some are included on the YHS website), check the Counseling Office bulletin board, and look at colleges you are interested in- they often offer their own scholarships. Reminder: You NEVER have to pay to apply for or receive scholarships (those are scams).
https://studentaid.ed.gov/sa/types/grants-scholarships/pell
 
***
Loans
Remember, a loan is borrowed money: It must be repaid and it also charges interest. Upon reviewing your FAFSA and based on your need, the government may offer you loans. There are different types:

Direct Subsidized- Interest does not accrue while you are enrolled at least half-time and for 6 months after you graduate (“grace” period).

Direct Unsubdized- Interest accrues from the start of the loan period.

Perkins- Low interest rate for students with great finanical need. Must be offered through the college (not all colleges participate).

Private- Loans not offered through federal programs.

Please carefully research and consider participating in loan programs. https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized

 
How It Works
1. Submit FAFSA Application (the sooner the better)- https://fafsa.ed.gov
 
2. Use helpful tools to discover the true cost of college- College Navigator (https://nces.ed.gov/collegenavigator/)
 
3. Apply for scholarships!!!
 
4. Receive your Financial Aid Award letter from college(s). Need help understanding it? Check this out!
 
5. Keep in mind that the Financial Aid Award letters usually only reflect one year of aid.
 
6. The FAFSA is only a snapshot of your financial circumstances. If there are extenuating circumstances that negatively affect your ability to afford college, you can always appeal to the college for more aid!
 





 
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