Grier to Host College Financial Aid Presentations
Grier’s College Counseling Department is hosting two financial aid presentations with Paul Martin of the College Money Method for our students and parents.
A presentation for seniors will take place via Zoom on March 24th, while a presentation for juniors and sophomores will happen on April 10th.
We encourage families of currently enrolled Grier students to contact college counselors Katie Kingera or Katt Barr with questions or for more information.
About the College Money Method presentations
Presenter Paul Martin is founder of College Money Method, a financial advisory focused on helping families with college affordability and the financial aid process. A graduate of Harvard and MIT, his passion for this work stems from his own experience going through it alone as a first-generation college student. He partners with private and public schools to provide education and resources on financial aid and paying for college to students and families of all economic backgrounds
Paul is a member of the National College Advocacy Group, a non-profit composed of financial planners focusing on college access and affordability. He is also the President of First-Generation Harvard Alumni and the Founder of First-Generation Alumni of MIT, two organizations that offer mentorship to first-generation students as they trailblaze through college.
College Financial Aid Workshop for Seniors March 24th at 8pm EDT
Financial aid awards: How to interpret your offers, calculate your true cost of attendance, & decide when to appeal.
Congratulations on your college acceptances! You’re now receiving financial aid packages with various award amounts, different terms and unique costs. How do you standardize these different packages to fairly compare them and understand the true cost for each school? If your financial aid offer doesn’t meet your financial need, when and how should you consider an appeal for more financial assistance?
Join this workshop to learn the easiest way to standardize and compare the components of your financial aid package - grants, scholarships, loans and work-study - and calculate your true cost of attendance. You’ll also learn under what circumstances it makes sense for you to appeal your financial aid offer, and how to build the best case to successfully increase your award.
Breaking down your financial aid package
Cost of Attendance - owning your college budget
Free Money vs. Financing: A framework to interpret financial aid
Calculating true cost
Understanding the future costs of borrowing
Building an estimate for your entire college investment
Modeling your financial aid and true cost for four years
Comparing colleges based on your current payments and future money owed
When to consider appeals
Appeal vs negotiation: Understanding the difference
Three primary cases for an appeal
Change in financial situation
Differences between your offer and a college’s standard practices
Differences between your offer and your offer from other colleges
Building a successful case for increasing financial aid
Communicating with the financial aid office
Documenting changes in your financial situation
Using college financial aid data to bolster your case
College Financial Aid Workshop for Sophomore and Junior Families April 10th at 11am EDT
Given the cost of college, most families need to consider financial aid in order to afford the four-year college investment. However, the process and rules around financial aid are obscure and complex, leaving families to make assumptions about their eligibility that can later lead to difficult decisions on college choice based on cost. All students and parents deserve to be equipped with a full understanding of the financial aid system and afford their college dream.
This workshop is geared toward students and their parents in 10th and 11th grades to get a jump start on the financial aid process. Why? Because there are financial decisions families make during their high school years that have an impact on financial aid eligibility and future awards. It’s important to understand the rules of the financial aid system and college-specific policies early in order to take action well before Senior year. (Please be advised that most of this workshop will focus on the FAFSA which is the financial aid application for US federal student aid available to US citizens and eligible non-citizens.)
Introduction to the Financial Aid process
FAFSA vs. CSS Profile
How colleges evaluate your financial situation
Deep dive into Expected Family Contribution (EFC) + Demonstrated Need
Explanation of how income and assets are used to calculate EFC
Resources to calculate your EFC
Understanding a college’s financial aid policy
Need-based financial aid
Merit-based financial aid
Resources to research colleges’ financial aid policies and practices
Financial decisions that can impact your financial aid eligibility
Common income considerations for high school families
Common savings and investment considerations for high school families
Putting it all together
Action steps for students and parents
Want to attend? Check your inbox for a Zoom link or contact Katie Kingera or Katt Barr from College Counseling.