Financial Assistance
A
Brief Overview
What
is financial assistance? Financial assistance is combination of "gift
aid" (grants and scholarships) and "self-help" aid
(loans and work).
The
U.S. Department of Education believes that it is primarily the family's
responsibility to cover the costs of a college education. For those
families who cannot afford a college education, federal financial
assistance is available for qualifying students.
Application
Process
Financial
and personal information is gathered on a "FAFSA" application
in order to determine a family's "Effective Family Contribution
(EFC)." Once the EFC has been established, the financial aid
office at the school uses that number to determine if a student is
eligible for gift assistance, self-help assistance, or both.
What
do you need to get started? Financial need is based on both the previous
year's income information and the current year's assets and personal
information. Since the federal funding year is July 1 through June
30, you will need the previous year's FEDERAL tax return and current
information on the net value of any of your assets (such as: savings
account, stocks, bonds, real estate (do not include the house you
live in), business, farm, retirement funds, trusts, etc.)
Paris
II offers individual financial assistance counseling to all prospective
students. During the counseling, the financial aid officer will assist
you with the completion of the FAFSA, determine what types of aid
you qualify for, the amount of aid you are eligible for and recommend
other avenues of gift aid for you to research.
Please
call (816) 468-6666 for an appointment today.