Research scholarships that fit your personal profile and estimate your potential financial aid. Then you will analyze
Question:
Research scholarships that fit your personal profile and estimate your potential financial aid. Then you will analyze the results of your research and explain your plan for achieving all the aid you need. To get the best grade possible, follow the instructions in the assignment closely and answer all of the questions completely. This assignment is worth 40 points.
Section 1
Applying for scholarships can be time-consuming especially if you don't know where to look. Use the internet to explore scholarships and identify some that you might want to apply for.
Follow these steps to search for scholarships that fit your personal profile. (10 points)
- Go to the College Board Scholarship Search site:https://bigfuture.collegeboard.org/scholarship-search.
- Click Start. Then fill in your personal information and click See Results.
- Browse through the scholarships that the search returns.
- List and briefly describetwo scholarships that you might be interested in applying for. Make sure each description includes the following:
- The name of the scholarship
- The eligibility requirements
- The application requirements
- The amount of the award
- A sentence or two explaining why you might (or might not) qualify
Section 2
The FAFSA4caster is a free online estimator tool that helps prospective students and their family members determine their eligibility for federal student aid. Use the FAFSA4caster to get a better idea of funding you can expect for college.
Follow the steps below to use the FAFSA4caster. (10 points)
- Go to the FAFSA4caster site:https://studentaid.gov/aid-estimator/.
- Click Start. Then fill in your personal information and click Submit.
- Browse through the worksheet created for you, which includes estimates of the types of financial aid you would receive and the funds you already have available.
- List and describe the financial aid that you could be eligible for. Make sure your description includes the following:
- The types and amounts of grants you are eligible for (if applicable)
- The types and amounts of student loans you are eligible for (if applicable)
- Any work-study programs you are eligible for (if applicable)
- Whether your expected family contribution (EFC) covers the cost of your education and, if not, what the shortfalls are
Section 3
Now analyze the financial aid options you researched, thinking about how they might affect your college financial planning. Your analysis might consider some of the following questions:
- Which types of aid fit best with your financial goals?
- How would you prioritize different types of aid?
- How has the FAFSA4caster helped you plan for financing your college education?
- Will your financial aid cover all your college costs? If not, do you have ideas for other aid sources?
- Based on your research, are there any adjustments to your college or financial planning you could make?
In a complete paragraph, analyze the results of your research and explain your plan for financing college. Explain at least two parts of your plan going forward. Pay attention to spelling, grammar, and punctuation. (20 points)