Smart Money Moves - April 2022

SMART MONEY MOVES NEWSLETTER | APRIL 2022

Final Crosby FINANCIAL AID

Scholarships!

awilson@crosbyscholars.org

@CrosbyScholars

VIRTUAL FINANCIAL

OFFERS & NET

AID HELP SESSIONS

PRICE

AVAILABLE

www.crosbyscholars.org

Stay Connected!

Smart Money Moves

April 2022

Kathryn Crosby Scholarship for Excellence & John A. Taylor Achievement Award

$2,500 per year scholarship. Renewable ($10,000 total) Must be a First Generation College Student (defined as a student whose parents DO NOT have a four year degree.)

Demonstrate financial need Must have a cumulative weighted GPA of 3.0 or higher Complete all requirements of the Crosby Scholars Program Deadline to Apply: May 1, 2022

Ope

ned

Apr

on

il 4!

awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

Stay Connected!

Smart Money Moves

Ope

ned

Apr

April 2022

on

il 4!

Joe Neely

Memorial Scholarship

$2,500 One-Time Scholarship Must be a First Generation College Student (defined as a student whose parents DO NOT have a four year degree.)

Demonstrate financial need Complete all requirements of the Crosby Scholars Program Deadline to Apply: May 1, 2022

awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

Stay Connected!

Smart Money Moves

Ope

ned

Apr

April 2022

on

il 4!

awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

Stay Connected!

Smart Money Moves

April 2022

Opened on April 4!

awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

Stay Connected!

Smart Money Moves

April 2022

Fayetteville State University Scholarship The Winston Salem Chapter of the Fayetteville State University Alumni Chapter are providing at least two $500 Scholarships to the best applicants who exhibit excellence in involvement, participation, achievement, motivation, and goals.

You will find the paper application for these Scholarships here.

Applications should be submitted by April 15, 2022. In advance, we thank you for your interest and participation.

Please return all application forms to wsfsualumni@gmail.com.

In addition to the application, please have your school counselor mail an official copy of your transcript to: WS Alumni Chapter of FSU 3528 N Glenn Ave Winston Salem, NC 27105

Don't miss the Deadline! awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

Stay Connected!

Smart Money Moves

April 2022

Learn more!

awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

Stay Connected!

Smart Money Moves

April 2022

3rd Annual $1,000 Scholarship for a High School

Senior from Babusiak Insurance Agency

Details: If you are a high school senior, directly apply via a concise essay of a specific action you have taken to do good and be a difference maker.

There will be one winner who is awarded $1,000 on Friday, May 27th.

Scholarship will be paid directly to the school of choice -- college, university, or trade school.

Requirements: Submit to us via email, in pdf format, your concise essay by Friday, May 13th - email to community@rbsfi.com Provide us with a reference who can verify your action

awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

Stay Connected!

Smart Money Moves

April 2022

How to Decipher Your Financial Aid Offers A school aid offer (sometimes called an award letter) tells you what financial aid you can receive at a particular college or career school.

If you’ve applied to several schools, be sure to compare aid offers to see which school will be the most affordable.

You might get a tentative aid offer from a school and then find that it changes later. This could happen for a variety of reasons, such as if you indicated that you plan to live on campus when you submitted your FAFSA form but then later decided to live off campus or if you are selected for verification.

Because your financial aid package is created for you and is based on the cost of attending a particular school, your aid amounts will vary from school to school.

It’s important to understand what you’re being offered (e.g., which items in the offer are grants and which are loans). You also need to think about which aid to accept.

Also, because your aid offer might include student loans, it’s important for you to compare the amount of debt you would be taking on at the schools you are considering.

If you find that you’ll need to take out a larger amount in private loans at one school than at another, you should pay special attention to the terms and conditions of the private loans so you understand what your obligations would be. Read about federal versus private loans.

awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

Stay Connected!

Smart Money Moves

April 2022

Figuring Out Net Price

Find the cost of attendance for your program on the aid offer. If the school doesn’t list the cost of attendance on the aid offer, ask the financial aid office for this figure. Make sure it includes amounts you will pay to the school directly (such as tuition and fees) as well as other costs (such as living expenses, books and supplies, and transportation).

Subtract the grant and scholarship amounts on your aid offer from the cost of attendance amount. Also subtract any savings you have available to put toward your school costs for the school year. The remaining amount is your net or out-of-pocket cost.

Compare the net costs for the schools you are considering. The net cost is the amount you will have to pay out of your pocket, using earnings from work or loan funds that you borrow.

awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

Stay Connected!

Smart Money Moves

April 2022

Upcoming Learning Opportunities & Events

College Foundation of North Carolina presents: Life after FAFSA Before you enroll in a college, you need to know the final cost.

Join CFNC representatives Timeka Ruffin and Devon McCarthy-James to see what to look for on your student aid report, understand the terms of your college financial aid offer letters, and learn the types of student loans. Let us help you navigate the finances of attending college so you can confidently finalize your college decisions!

WATCH THE WEBINAR

awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

Stay Connected!

Smart Money Moves

April 2022

Need help? Financial Aid Counseling Sessions Available

Need help with your FAFSA? Wondering how to interpret your Financial Aid Offer?

Schedule a one-on-one zoom meeting with Ashly Wilson, Financial Aid Coordinator to answer all your Financial Aid or Scholarship questions!

awilson@crosbyscholars.org

336-582-0015 awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

Stay Connected!