FAP828: 10 key factors influencing your financial aid

June 30, 2008 @ Financial Aid Podcast Daily Free Internet Radio On Demand from financialaidpodcast@gmail.com (Christopher S. Penn )

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Student Financial Aid News
+ Chronicle: Here’s a frightening thought for every college administrator planning for a big disaster: What if the sort of extreme weather that has left the University of Iowa inundated in floodwaters is not a freak event? What if it is a sign of things to come?
+ In June the U.S Climate Change Science Program, which is sponsored by 13 government agencies, released a report saying that extreme weather like heat waves, heavy downpours, and superpowered hurricanes would be more common in the future. The timing of the report — coming just as officials in Iowa were surveying the damage from the swollen Iowa River — could not have been better. The news media jumped all over it, saying that the world could expect “Iowa-like floods,” as Bloomberg put it.
+ Prepare for disaster - put important documents in a zip-top plastic bag
+ Chronicle: Tuition has become a populist cause in Washington. And underneath that big tent is a collection of issues that appeal to various political persuasions. Conservatives delight in going after the tax-exempt status of the ivory tower, while even liberal-leaning professors get steamed about the money universities spend on sports and presidents’ salaries. And almost everyone can find a reason to be upset about Harvard University’s $35-billion endowment.

Scholarship Update
+ Coach Design a Tote Scholarship
+ Coach is searching for one truly inspired and unique design to adorn their classic chic tote. Start from scratch, one of your favorite sketches, or incorporate some of Coach’s iconic design elements. Just download the provided silhouette, create and submit a graphic, and enter to win a $2,500 shopping spree and party in your hometown Coach store — plus have your design created into a special limited edition item and sold in select locations! This is your opportunity to put your artful stamp on the perfect Coach tote!
+ Grand Prize: One winner, selected by Coach experts from all entries, will have his or her Coach tote manufactured as a special limited edition item to be sold in select Coach stores and/or online at Coach.com. Plus, a celebratory event for the winner will be held at a local, full-price Coach store along with a $2,500 shopping spree, and a $500 scholarship or cash! If the winner is not within a 50-mile radius of a full-price, retail store location they will receive a $2,500 online shopping spree and a $500 scholarship or cash plus Coach “swag bags” for the winner and 4 friends to have their own Coach style party!
+ Most Viral: One winner, selected by Coach experts from the top 100 most viral entries, will win a $1,500 Coach online shopping spree and a $250 scholarship or cash. Learn about Most Viral.
+ High Score: One winner, selected by Coach experts from the top 100 highest scoring entries, will win a $1,500 Coach online shopping spree and a $250 scholarship or cash.
+ Deadline August 4
+ Details at our free college scholarship search site

Financial Aid 101
+ 10 pieces of data that largely influence how much financial aid you’ll receive
+ Based on the EFC
+ These are all part of the FAFSA form
+ Get FAFSA help at FAFSAonline.com
+ When you look at this, you can get an idea of what things you have influence over and what things you don’t
+ Age of older parent
+ How many people live in your household
+ Parents’ marital status
+ Parents’ non-retirement assets
+ Parents’ total income
+ Parents’ U.S. income tax paid
+ Parents’ untaxed income
+ Parents’ value of home equity
+ Student’s assets
+ Student’s total income

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