This page contains a Flash digital edition of a book.
remind students that there are scholarship and grant resources out there and if students start their research early to find finan- cial aid they will probably defray some of their loans.”


START EARLY. GET INFORMED. A big proponent of financial literacy, NAFSAA, which serves nine out of 10 undergraduates in the United States and represents nearly 20,000 financial aid professionals at 3,000 colleges, universities, and career schools across the country, advises the first step should be finding out ways to pay.


NAFSAA’s toolkit has resources that can help, Timmons said. The “Students, Parents and Counselors” section on the web- site has an overview of financial aid—what it is and the differ- ence between merit-based aid vs. needs-based aid—which is important for students to understand. Merit based aid is given to students who do exceptionally well in academics, music, athletics, or plan to have a career in an area that benefits the community or in career fields such as science, math or engi- neering. Needs-based aid is given to students who demon- strate a lack of financial resources to pay for college.


Knowing the difference starts with the Free Application for Federal Student Aid or FAFSA, Timmons said. “With that one application you can apply for financial aid at multiple colleges and multiple funding sources: federal, state, institutional and private providers.”


But until a bill passes to simplify the 108-question FAFSA, which has been described as intimidating and time-consuming by some U.S. senators, Timmons advises students to use the checklist backed with tips on NAFSAA’s website to limit delays and apply for financial aid every year.


“It helps because if there’s been a change in your circumstanc- es—one of your parents has lost their job or illness has created new medical expenses going into your sophomore year—a new FAFSA form allows financial administrators to recalculate the amount they think you can reasonably claim.”


THE MOST IMPORTANT AID IS SCHOLARSHIPS Through FAFSA, Dong- Nghi (Donny) Hua, a Lockheed Martin Mission Systems and Training (MST) software engineer- ing professional, was able to obtain more grants and loans. “Since this covered less than half of what I needed, I also applied for engineering scholarships through my university,” Hua explained.


Timmons added that it’s important for students to know that those colleges


www.hispanicengineer.com


Dong-Nghi (Donny) Hua, software engineer, Lockheed Martin Mission Systems and Training


and universities which meet full needs are committed to ensur- ing students have the full amount of money to attend. How- ever, at schools that are unable to meet full needs, students should do research to see what types of merit-based or needs based scholarships are available outside the university.


“The most important financial aid for me was scholarships,” said Pranay Tewari, a senior at Arizona State University majoring in finance and a 2014 DHL Global Forwarding’s intern in Tempe, Arizona. “There are many different scholar- ships offered in universities and students should apply for them,” he advised. “Scholarships have dif- ferent requirements that need to be met but I used to treat those as goals I need to achieve each year.”


Pranay Tewari, senior, Arizona State University


YOU CAN NEVER HAVE TOO MANY SCHOLARSHIPS Mariana Sierra, a project manager in gas transmission at the Pacific Gas and Electric Company since graduating from the University of California Berkeley in 2004, applied for every scholarship and financial aid she could from the Bay Area in northern California to nationwide bodies such as the Hispanic Scholarship Fund.


“Our scholarship awards range from $500 up to $5,000,” said Vikki Guti- errez, director of market- ing and communications for the Hispanic Scholar- ship Fund (HSF).


The HSF awards over 150 types of scholarships and has administered $430 million in scholarships since the organization was founded in 1975.


“We are also one of the administrators of the Gates Millennium Scholars program to the Latino


Vikki Gutierrez, director of marketing and com- munications, Hispanic Scholarship Fund


population, which can pay for all four years and give a full ride all the way to Ph.D.”


Graduate Fellow Meline Baghdasarian is attached to the Cen- ter for Energy and Sustainability in the department of mechan- ical engineering at California State University, Los Angeles.


HISPANIC ENGINEER & Information Technology | Fall 2014 51


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60