helping students fund their college education financial aid & FAFSA workshop

Size: px
Start display at page:

Download "helping students fund their college education financial aid & FAFSA workshop"

Transcription

1 helping students fund their college education financial aid & FAFSA workshop

2 education continues to be an investment with positive outcomes

3

4 Arizona university system financial aid distribution financial aid dollars provided to students ASU $ 1,220,380, % NAU $ 335,965, % UA $ 643,543, % total financial aid awarded: $2.19 billion

5 what is financial aid: any money from outside of the family that helps cover college costs examples: scholarships, grants, outside sources, loans, and federal work- study

6 categories of aid { need-based non need-based

7 gift aid federal grants institutional grants scholarships self-help aid student employment federal student loans private loans { types of aid

8 involvement merit based need based service private community scholarships leadership academic major institutional

9 gift aid: grants federal or institutional usually awarded based on financial need may vary by institution

10 gift aid: federal pell grant amount of grant awarded is determined by: expected family contribution (EFC) enrollment status (full or part-time) attendance status (full academic year or less) maximum award per academic year = $5,775

11 gift aid: FSEOG & university grants federal supplemental education opportunity grant (FSEOG) & university grants (UG) are need based awards campus based apply early, limited funds (not all colleges participate) current amounts range from $100 - $4,000

12 gift aid: teach grant available for students who intend to teach in a public or private school that serves students from low-income families not all institutions participate agreement to serve if not met, grant converts to unsubsidized loan maximum award amount = $4,000

13 self-help aid: student employment hourly jobs federal work-study earn money to pay educational costs ü ü pay check ü ü does not count as income on the FAFSA ü

14 loans { federal or private available for students and parents pay back with interest

15 federal student loans subsidized (sub) unsubsidized (unsub) interest rate 4.29% 4.29% interest accrual does not accrue interest while in school does accrue interest while in school need based yes no repayment 6 months after graduation 6 months after graduation

16 loan repayment OR OR graduated fixed income driven gradual increases in loan payments fixed loan payment payments based on income studentaid.gov

17 federal loan limits

18 perkins loans { program has ended perkins loans are no longer being offered by any institution

19 loan{ subject to credit approval parent plus is 6.84% current interest rate payments begin 60 days after the loan is fully disbursed

20 private student loan { offered by private financial institutions likely require co-signer, if student is applying interest rates vary repayment options differ may have additional penalties

21 how financial aid is awarded

22 cost of attendance every college or university has an estimated cost of attendance (COA) tuition & fees housing & meals books & supplies transportation personal expenses { { direct cost indirect cost

23 federal formula is used contribution{ to calculate expected index score not actual family dollar amount determines financial aid eligibility same at any institution

24 how aid is calculated COA EFC = need { how much need based aid a student can be awarded grants federal work study subsidized loans a student can t receive more need-based aid than the amount of financial need

25 let s look at an example

26 estimated cost of attendance example tuition and fees (in-state) $ 10,000 housing & meals (on-campus) $ 10,000 books and supplies $ 1,000 personal $ 1,000 transportation $ 1,000 cost of attendance: $ 23,000* *not actual dollar amounts

27 calculation of financial need cost of attendance $23,000* (-) expected family contribution 5,000 financial need $18,000 *not actual dollar amounts

28 financial aid awarding cost of attendance $ 23,000* financial need $ 18,000 sample awards (gift & need based) scholarship $6,000 pell grant $1,000 university grant $2,000 federal work-study $2,500 subsidized loan $3,500 $15,000 *remaining need $3,000

29 financial aid awarding remaining financial need $3,000 sample awards unsubsidized loan - $2,000 parent plus loans - $6,000 { $17,000 { $23,000 total aid offered: $23,000 (cost of attendance) *not actual dollar amounts

30 financial aid awarding cost of attendance $ 23,000* financial need $ 18,000 sample awards (gift aid) scholarship $6,000 pell grant $1,000 university grant $2,000 federal work-study $2,500 subsidized loan $3,500 unsubsidized loan $2,000 parent plus loan $6,000 $23,000

31 questions?

32 let s take a quick break

33 completing the FAFSA

34 federal aid eligibility U.S. citizen or eligible non-citizen register with selective service (male applicants only, if required) attend a participating college enroll in a degree or certificate program. maintain satisfactory academic progress.

35 who is eligible? U.S. citizen eligible non-citizen not eligible U.S. birth certificate certificate of naturalization U.S. permanent resident with an alien registration number refugee student visas DACA students all student applicants have data checked by DHS data base all student applicants have data checked by department of homeland security database

36 DACA and undocumented students are not eligible for federal, state, or institutional aid at Arizona institutions eligible for private aid

37 students{ eligible for in-state tuition rates in Arizona must work with the residency classification (or designated DACA office) to complete classification process students will need to submit a completed Domicile Affidavit, provide a copy of their Employment Authorization Document, and copy of their photo ID

38 students{if DACA students have a SSN, they can complete the FAFSA; however, they are not eligible DACA for federal aid when completing the FAFSA, answer the question, are you a U.S. citizen? with, No, I am not a citizen or eligible noncitizen

39 resources for undocumented students College Success Arizona collegesuccessarizona.org Aspira Association, Inc. aspira.org/resources/college-information Latino College Dollars Scholarships for America's Latinos latinocollegedollars.org Isak Amaya Foundation isacamayafoundation.org Mexican American Legal Defense Fund (MALDEF) Salvadoran-American Leadership & Educational Fund (SALEF) salef.org Degrees 10000degrees.org Scholarships A-Z scholarshipsaz.org National Society for Hispanic Professionals Educators for Fair Consideration (E4FC) e4fc.org

40 FAFSA application to apply for federal financial aid collects family s personal and financial information available in English and Spanish three formats: online, pdf, paper

41 FAFSA online faster, easier, smarter built in edits to help prevent errors skip-logic = skip unnecessary questions immediate submission more detailed instructions and live chat help

42 fafsa.gov

43 easy help options with the online FAFSA

44 helpful hints and tips throughout the FAFSA

45 information needed { social security number prior year federal tax information (for fall 2016) taxable income untaxed income bank account info asset and investment info taxes do not have to be completed to file the FAFSA, families can estimate and make changes online once taxes have been filed

46 FSA ID {replaces the student aid PIN username and password used by parents, students, and borrowers used to login to U.S. Dept. of Ed. websites & to sign electronic documents such as the FAFSA

47 FSA ID student and parent must have different FSA ID s student and parent should each use their own addresses when creating an FSA ID cannot share or use the same address

48 creating an FSA ID

49 creating an FSA ID go to StudentAid.gov/fsaid click the create an FSA ID now button or when logging into a federal education website or when completing the FAFSA click on create an FSA ID now button

50 creating an FSA ID begin with creating a username and password You can select Show Text to see what you re typing username do not include personal info such as date of birth of name

51 creating an FSA ID enter personal identification information make sure SSN, DOB, and name match what is on social security card

52 creating an FSA ID challenge questions & answers You can select Show Text to see what you re typing combination of both pre-determined questions and student created

53 FSA ID is created following the review of terms & conditions and verifying , the FSA ID is created students receive confirmation students can log into fafsa.gov and complete, sign, and submit FAFSA info will be sent to Social Security Administration for confirmation SSA review will take 1-3 days

54 getting started select the correct FAFSA choose the academic year the student will be attending school

55 create a save key

56 FAFSA sections {student demographics dependency status financial information school selection sign & submit

57 part I: student demographics

58 student demographics use correct student social security number include applicant s full legal name: no nicknames registration: register on FAFSA

59 student eligibility

60 student eligibility select citizenship status selective service registration option

61 student eligibility high school completion status when beginning academic year ex. high school diploma grade level what degree or certificate will student be working on in academic year

62 student eligibility federal work study consideration foster youth question

63 foster youth question a student who answers yes to the foster care question will receive additional info on their confirmation page related to benefits for which they may be eligible

64 student eligibility provide the student s high school name drop down list of high school names based on location student can manually enter the name of high school if not found

65 section II: school selection

66 school selection students can list up to 10 institutions at one time to send FAFSA information to *new this year list of colleges that student selects will NOT be sent to the colleges

67 school selection summary select housing plans for each college

68 section III: dependency status

69 dependency determination FAFSA dependency questions are the key! students who cannot answer yes to any of the questions are dependent and must provide parent and student financial information if a student has unusual circumstances, the student can contact the financial aid office at their institution

70 students who answer yes to any of the questions may be required to submit supporting documentation to their college

71 dependency status results if students are considered independent they will be asked if they are able to provide parent information

72 unable to provide parent information when a student is unable to provide parental information, select I am unable to provide parental information not all situations are considered special circumstances

73 special circumstances examples of special circumstances as determined by the federal government option is again given to provide parental information

74 unable to provide parent information if a parent refuses to provide their information on the FAFSA and refuses to provide any financial support: student can submit FAFSA, but is eligible to receive an unsubsidized stafford loan only

75 dependency case studies

76 part IV: parent demographics

77 parent demographics: parent of record if parents are married include both parents information if parent is single, never married but living with other legal parent include both parents information if divorced and remarried include parent and stepparent information if parent is single/divorced, not remarried and not living with the other legal parent include single/divorced parent information

78 parent demographics: parent of record the following people are not considered parents unless they have adopted the student: grandparents foster parents legal guardians older brothers or sisters uncles or aunts

79 studentaid.gov parent of record infographic

80 table to help students determine which parent s info they need to provide infographic link

81 parent demographicsdetermination provide parent marital status list correct SSN parents without a SSN must list

82 parent demographics continued reporting household size include all people who are supported more than 50% reporting number in college include all students from household who are attending college at least ½ time do not include parents in the number in college

83 section V: student & parent income information

84 parent tax information parent tax filing status already completed, will file, will not file individuals who meet IRS tax filing standards are required to file taxes married filing jointly married filing separately head of household single determine eligibility to use the data retrieval tool (DRT) enter FSA ID and link to IRS

85 parent tax information student is transferred to the IRS website to access tax information

86 these fields are pre-filled based on FAFSA responses

87 data retrieval tool (DRT)

88 in situations where the DRT is not used

89 they will be asked to enter financial information, income, assets, etc.

90 parent tax information confirm correct type of filed return dislocated worker

91 parent tax information untaxed income

92 students will also be asked to provide their tax & financial information

93 student tax information student tax / income information side banner change of color information requested is similar to parent students who meet IRS filing standards are required to file taxes

94 section VI: sign and submit

95 sign and submit student and parent must sign FSA ID: fastest option, processed within 3-5 days or print and mail signature page parents without a SSN parents will be required to use signature page

96 sign and submit signing with FSA ID

97 submit check application status processed rejected what happens next option to view student aid report (SAR)

98 common errors

99 common errors {student & parent signatures blank fields no college code divorced / remarried parental info incorrect SSN or driver s license number household size number of household in college real estate & investment net worth

100 what to do if a family s situation has changed

101 reviews { parent loss of income student loss of income cost of attendance increase unusual circumstance

102 after the FAFSA

103 financial aid steps student receives award letter school calculates financial need verification process institutions receives EFC student receives SAR student submits FAFSA

104 student aid report { by or mail depending on info student provides summary of info entered on FAFSA review carefully to make sure it s correct and complete estimated EFC and aid eligibility

105 what is verification?

106 sample financial aid notification

107 financial aid shopping sheet tool designed to simplify information standardized form easily compare institutions to make informed decisions

108 compare costs & financial aid compare costs compare financial aid net price sticker price gift aid resident vs non-resident tuition pay per credit hour or flat amount 1 year vs 4 years renewal and eligibility criteria accept financial aid awards

109 award letter comparison worksheet example by NASFAA national association of financial aid administrators compare aid offers & costs from multiple schools

110

111 student accepts their financial aid awards!

112 questions?

113 Arizona State University: financial aid & scholarships

114 86% of ASU grads looking for a job received an offer within 90 days of graduation in 2014

115 ASU direct costs tuition and fees (in-state) one-time, temporary surcharge $ housing & meals (on-campus) books and supplies $ 10, $ 12,078 $ 1,300 total direct costs $23,856

116 More than 80% of all ASU students receive some form of financial assistance every year

117 scholarships{academic merit awards New amounts range from $1,500 - $10,000 / year American University no separate application required awarded based on G.P.A., class rank, test score renewable for 8 consecutive semesters

118 students can use the scholarship estimator to check potential merit award eligibility *enter unweighted core GPA

119 ASU institutional scholarship renewal ASU scholarship maintenance plan criteria: 3.0 ASU GPA and 30+ ASU credit hours = 100% award value ASU GPA and/or ASU credits hours = 80% award value (after 1 st year) = 70% award value (after 2 nd year) = 60% award value (after 3 rd year) if student meets the full renewal requirements after one academic year, 100% award value will be renewed

120 additional ASU scholarships

121

122 special programs for eligible Arizona residents

123 college attainment grant incoming freshman completed application for admission & FAFSA on file by July 1 Pell eligible tuition and fees

124 Barack Obama Scholars Program incoming freshman only completed application for admission & FAFSA on file by march 1 meet assured admissions total family income less than $42,400 direct cost tuition and fees room and board books

125 ASU financial aid timeline (students entering fall 2016){ oct aug incoming freshman merit awards january 1 FAFSA available february 1 scholarship portal deadline march 1 financial aid (FAFSA) priority date march 1 incoming freshman awarding begins may 1 enrollment deposit

126 tools & resources

127 financial aid toolkit financialaidtoolkit.ed.gov

128 financialaidtoolkit.ed.gov financial aid toolkit access tools and resources such as handouts, videos, infographics link to FAFSA demo site and FAFSA4caster

129 financial aid toolkit track FAFSA completion at your high school

130 financial aid toolkit search for high school by state data is released bi-weekly beginning the last monday in january

131 NASFAA tips for completing the FAFSA: students in unique situations

132 NASFAA tip sheet for undocumented students

133 NASFAA tip sheet for undocumented students

134 studentaid.gov questions & answers: financial aid and undocumented students

135 NASFAA award package comparison worksheet

136 FAFSA on the web worksheet

137

138 ASU financial aid & scholarship services visit us at any campus location or contact us 24/7 live chat asu.edu/financialaid

What You Need to Know About Financial Aid

What You Need to Know About Financial Aid What You Need to Know About Financial Aid 2016-2017 Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA) Expected family contribution (EFC) Financial need Categories, types, and

More information

Financial Aid 101 Paying for College

Financial Aid 101 Paying for College Financial Aid 101 Paying for College Contact Info Eric.Farmer@TN.gov 423-326-7198(c) You Tube, Twitter,Facebook: EFarmerTSACSE Financial Aid Terms COA cost of attendance; varies by institution EFC expected

More information

What You Need to Know About Financial Aid

What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid Presented By: Dr. Linda Williams Sierra Community College 2015 NASFAA Topics We Will Discuss

More information

What You Need to Know About Financial Aid

What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2013 NASFAA Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA)

More information

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2013 NASFAA Topics We Will Discuss Tonight What is financial aid? Free Application for Federal

More information

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2014 NASFAA Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA)

More information

Dollar + Sense How to Finance Your College Education Presenter: Stacy Salinas, Director of Financial Aid

Dollar + Sense How to Finance Your College Education Presenter: Stacy Salinas, Director of Financial Aid Dollar + Sense How to Finance Your College Education Presenter: Stacy Salinas, Director of Financial Aid College Financial Planning 101 Planning for 4 years Begin early How to Apply for Aid FINANCIAL FACTS

More information

What You Need to Know About Financial Aid

What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2015 NASFAA Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA)

More information

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2015 NASFAA Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA)

More information

Completing the FAFSA: 101. January 19, 2016 Cameron Washington

Completing the FAFSA: 101. January 19, 2016 Cameron Washington Completing the FAFSA: 101 January 19, 2016 Cameron Washington TOPICS FSA ID FAFSA Overview Login Dependency Who is Considered a Parent? FAFSA: Dependent Student with Parental Data After the FAFSA: Next

More information

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2016 NASFAA What is Financial Aid? Financial aid consists of funds provided to students and

More information

What You Need to Know About Financial Aid

What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2013 NASFAA Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA)

More information

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2013 NASFAA Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA)

More information

How much does college cost? How do I apply for aid? When should I apply for aid? What types of financial aid are available to me?

How much does college cost? How do I apply for aid? When should I apply for aid? What types of financial aid are available to me? How much does college cost? How do I apply for aid? When should I apply for aid? What types of financial aid are available to me? Cost of attendance (COA) includes: Tuition and Fees Room & Board Books

More information

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid

National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid 2014 NASFAA Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA)

More information

11/1/2016 FINANCIAL AID TOPICS TO BE DISCUSSED WHAT IS FINANCIAL AID? What you need to know!

11/1/2016 FINANCIAL AID TOPICS TO BE DISCUSSED WHAT IS FINANCIAL AID? What you need to know! FINANCIAL AID What you need to know! TOPICS TO BE DISCUSSED What is financial aid? Is it limited? Categories, types, and sources of financial aid Free Application for Federal Student Aid (FAFSA) WHAT IS

More information

Costs. Types of Aid. Forms. How much will it cost you? Net cost for a family of 4 earning $120,000 p/year

Costs. Types of Aid. Forms. How much will it cost you? Net cost for a family of 4 earning $120,000 p/year AGENDA Costs Types of Aid Tips for Being a Wise Consumer How Need Based Aid is Calculated Forms Award Letters Rules for Survival 1 Prices Before Financial Aid University of CT Resident University of RI

More information

An Introduction to Financial Aid. Colby McCarthy University Director of Financial Assistance Drew University Madison, NJ cmccarthy1@drew.

An Introduction to Financial Aid. Colby McCarthy University Director of Financial Assistance Drew University Madison, NJ cmccarthy1@drew. An Introduction to Financial Aid Colby McCarthy University Director of Financial Assistance Drew University Madison, NJ cmccarthy1@drew.edu What We Will Discuss Applying for Financial Aid FAFSA How, Where,

More information

Financial Aid 101. What You Need to Know About the College Financial Aid Process. Presented by Jack Zegeer Northern Virginia Community College

Financial Aid 101. What You Need to Know About the College Financial Aid Process. Presented by Jack Zegeer Northern Virginia Community College Financial Aid 101 What You Need to Know About the College Financial Aid Process Presented by Jack Zegeer Northern Virginia Community College Topics Why is college important? What is Financial Aid? What

More information

You Can Afford College

You Can Afford College You Can Afford College Topics We Will Discuss Tonight What is financial aid? Cost of attendance (COA) Expected family contribution (EFC) Financial need Categories, types, and sources of financial aid Free

More information

Financial Aid: What You Need to Know

Financial Aid: What You Need to Know Financial Aid: What You Need to Know Presented by: Michelle Anderson Associate Vice President for Enrollment Washington & Jefferson College Presentation Topics What is financial aid? Financial need calculation

More information

Financial Aid Night

Financial Aid Night Financial Aid Night 2016 2017 Understanding the College and Financial Aid Application Process Be patient, thorough, and organized as you go through the college admission and financial aid application process

More information

GET EDUCATED: HOW TO FILL OUT THE FAFSA A RESOURCE GUIDE

GET EDUCATED: HOW TO FILL OUT THE FAFSA A RESOURCE GUIDE GET EDUCATED: HOW TO FILL OUT THE FAFSA A RESOURCE GUIDE CREATING AND USING YOUR FSA ID AN OVERVIEW 2 HOW TO FILL OUT THE FAFSA EVERYONE NEEDS AN FSA ID You will need an FSA ID to access Federal Student

More information

Learning About Financial Aid. Katherine Allen Financial Aid Workshop November 14, 2015

Learning About Financial Aid. Katherine Allen Financial Aid Workshop November 14, 2015 Learning About Financial Aid Katherine Allen Financial Aid Workshop November 14, 2015 Topics for Today College Costs Types of Financial Aid All About the FAFSA What Happens Next? Direct Cost Expenses paid

More information

What is Financial Aid. What is Financial Aid. Cost of Attendance (COA) 2/27/15&

What is Financial Aid. What is Financial Aid. Cost of Attendance (COA) 2/27/15& What is Financial Aid What is Financial Aid Provides access to postsecondary education. Helps pay expenses such as tuition and fees, room and board, books and supplies, and transportation. Cost of Attendance

More information

FAFSA APPLICATION COMPANION

FAFSA APPLICATION COMPANION FAFSA APPLICATION COMPANION The Free Application for Federal Student Aid (FAFSA) is the most important financial aid application; it is the main application for federal grants and loans as well the basis

More information

What You Need to Know about Financial Aid

What You Need to Know about Financial Aid National Association of of Student Financial Aid Administrators What You Need to Know about Financial Aid NASFAA 2012 2013 Slide 1 Topics We Will Discuss Tonight What is financial aid? Categories, types,

More information

FAFSA Training. U.S. Department of Education Office of Federal Student Aid

FAFSA Training. U.S. Department of Education Office of Federal Student Aid FAFSA Training U.S. Department of Education Office of Federal Student Aid Today s Topics Myths about financial aid Federal Financial Aid Programs The FAFSA: When and How to Apply What to Expect After Applying

More information

FAFSA Night 2015 Presented by the USC Aiken Office of Financial Aid

FAFSA Night 2015 Presented by the USC Aiken Office of Financial Aid FAFSA Night 2015 Presented by the USC Aiken Office of Financial Aid USC Aiken Office of Financial Aid 2 Scope of this Workshop What is financial aid? Financial Aid Timeline Free Application for Federal

More information

FAFSA on the Web Copyright 2016 Finance Authority of Maine

FAFSA on the Web Copyright 2016 Finance Authority of Maine FAFSA on the Web 2016-2017 Copyright 2016 Finance Authority of Maine Today s Agenda Today s Agenda What s New? the FSA ID Filing the 2016-2017 FAFSA Let s start by talking about the FSA ID! The FSA ID

More information

Financial Aid 101. Natasha Powell Outreach Representative

Financial Aid 101. Natasha Powell Outreach Representative Financial Aid 101 2016 2017 Natasha Powell Outreach Representative Agenda Introducing GAfutures.org Basic Information Federal Programs State Programs Filling out the FAFSA Additional Resources 2 GAfutures.org

More information

FINANCIAL AID OVERVIEW AND FEDERAL REGULATORY UPDATES MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY

FINANCIAL AID OVERVIEW AND FEDERAL REGULATORY UPDATES MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY FINANCIAL AID OVERVIEW AND FEDERAL REGULATORY UPDATES MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY Applying for Aid Financial Aid Basics Deadlines and application requirements are IMPORTANT Most applications

More information

What You Need to Know about Financial Aid

What You Need to Know about Financial Aid National Association of Student Financial Aid Administrators What You Need to Know about Financial Aid Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA) Expected Family Contribution

More information

Federal Student Aid Understanding The Basics

Federal Student Aid Understanding The Basics Federal Student Aid Understanding The Basics Awareness and Outreach Group Awareness and Outreach is responsible for targeting segments of the student population and their families and influencers, providing

More information

FINANCIAL AID 101. Kristen Isaksen Associate Director of Financial Aid Monmouth University

FINANCIAL AID 101. Kristen Isaksen Associate Director of Financial Aid Monmouth University FINANCIAL AID 101 Kristen Isaksen Associate Director of Financial Aid Monmouth University What is Financial Aid? Financial aid is money that helps a student pay for education expenses at a postsecondary

More information

Student Financial Aid

Student Financial Aid Student Financial Aid What High School Students & Parents Should Know Michael Turner: msjturner@hesc.ny.gov What is Financial Aid? Financial aid helps pay the cost of attending college Some financial aid

More information

FINANCIAL AID 101. Kristen Isaksen Associate Director of Financial Aid Monmouth University

FINANCIAL AID 101. Kristen Isaksen Associate Director of Financial Aid Monmouth University FINANCIAL AID 101 Kristen Isaksen Associate Director of Financial Aid Monmouth University What is Financial Aid? Financial aid is money that helps a student pay for education expenses at a postsecondary

More information

Rochelle Filler. Assistant Director of Financial Aid Rensselaer Polytechnic Institute

Rochelle Filler. Assistant Director of Financial Aid Rensselaer Polytechnic Institute Rochelle Filler Assistant Director of Financial Aid Rensselaer Polytechnic Institute National Association of Student Financial Aid Administrators What You Need to Know about Financial Aid Topics We Will

More information

2016/17 Financial Aid High School Presentation. New Jersey Higher Education Student Assistance Authority

2016/17 Financial Aid High School Presentation. New Jersey Higher Education Student Assistance Authority 2016/17 Financial Aid High School Presentation New Jersey Higher Education Student Assistance Authority HESAA Higher Education Student Assistance Authority Our mission is to provide students and families

More information

The Financial Aid Process Paying for College Kenneth McGhee, Financial Aid Manager The SEED Foundation

The Financial Aid Process Paying for College Kenneth McGhee, Financial Aid Manager The SEED Foundation The Financial Aid Process Paying for College Kenneth McGhee, Financial Aid Manager The SEED Foundation Agenda for Conversation Section One Education Pays Section Two What is Financial Aid?, Section Three

More information

Cost of Attendance (COA) EFC = Demonstrated Financial Need. APPLYING FOR FINANCIAL ASSISTANCE

Cost of Attendance (COA) EFC = Demonstrated Financial Need. APPLYING FOR FINANCIAL ASSISTANCE APPLYING FOR FINANCIAL ASSISTANCE The Office of Financial Aid is dedicated to responding to the needs of our students. We are committed to assisting our students achieve their educational goals by providing

More information

F N I ANCIN I G G Y OU O R COL O L L E L GE G EDUCATI T O I N

F N I ANCIN I G G Y OU O R COL O L L E L GE G EDUCATI T O I N FINANCING YOUR COLLEGE EDUCATION 2013-2014 Award Year 1 Overview Types of Assistance Scholarship Information Applying for Need-Based Aid Eligibility Requirements Application Process Award Notification

More information

What You Need to Know About Financial Aid. Office of Financial Aid

What You Need to Know About Financial Aid. Office of Financial Aid What You Need to Know About Financial Aid Office of Financial Aid 1 Tonight s Topics What is Financial Aid Cost of Attendance (COA) Expected Family Contribution (EFC) Financial Need Types & Sources of

More information

JESUIT HIGH SCHOOL FINANCIAL AID NIGHT

JESUIT HIGH SCHOOL FINANCIAL AID NIGHT JESUIT HIGH SCHOOL FINANCIAL AID NIGHT PRESENTED BY UNIVERSITY OF PORTLAND S OFFICE OF FINANCIAL AID RUSSELL SEIDELMAN NOVEMBER 17, 2016 Family Support Savings Work Grants Scholarships Loans Work Study

More information

Paying for College. Nicole Johnson, DVC Financial Aid

Paying for College. Nicole Johnson, DVC Financial Aid Paying for College Nicole Johnson, DVC Financial Aid Topics: Cost of Attending College How to Apply for financial aid - FAFSA and California Dream Act Types of Financial Aid Available Financial Aid Tips

More information

2015-2016. Carol Ann Lott Outreach Representative

2015-2016. Carol Ann Lott Outreach Representative 2015-2016 Carol Ann Lott Outreach Representative Basic Information Federal Programs State Programs Filling out the FAFSA Additional Resources 2 3 Financial aid is money to pay for college or career school

More information

YOUR GUIDE TO FINDING THE FUNDS FOR COLLEGE

YOUR GUIDE TO FINDING THE FUNDS FOR COLLEGE YOUR GUIDE TO FINDING THE FUNDS FOR COLLEGE Funded by the Education Services Foundation, our mission is to help Mississippi students plan and pay for college. Jackson: 601.321.5533 Gulf Coast: 228.875.4441

More information

National Association of Student Financial Aid Administrators NASFAA 2008

National Association of Student Financial Aid Administrators NASFAA 2008 National Association of Student Financial Aid Administrators What You Need to Know About Financial Aid Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA) Expected Family Contribution

More information

2017/18 Financial Aid High School Presentation. New Jersey Higher Education Student Assistance Authority

2017/18 Financial Aid High School Presentation. New Jersey Higher Education Student Assistance Authority 2017/18 Financial Aid High School Presentation New Jersey Higher Education Student Assistance Authority The Mission The Higher Education Student Assistance Authority is the only State agency with the sole

More information

OFFICE OF FINANCIAL AID. Central Connecticut State University

OFFICE OF FINANCIAL AID. Central Connecticut State University OFFICE OF FINANCIAL AID Central Connecticut State University WHAT IS FINANCIAL AID COST OF ATTENDANCE (COA) WHAT AID IS AVAILABLE WHO IS ELIGIBLE HOW DO I APPLY FINANCIAL AID consists of federal, state,

More information

What You Need to Know about Financial Aid

What You Need to Know about Financial Aid National Association of Student Financial Aid Administrators What You Need to Know about Financial Aid Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA) Expected Family Contribution

More information

Applying for Financial Aid 2016-2017 Academic Year

Applying for Financial Aid 2016-2017 Academic Year Applying for Financial Aid 2016-2017 Academic Year Sean Martin Director of Financial Aid Services Telephone: 860-439-2058 E-Mail: finaid@conncoll.edu Where do I start? Visit college websites for: application

More information

All About Financial Aid

All About Financial Aid All About Financial Aid Presented By: New York State Financial Aid Administrators Association (NYSFAAA) and Oswego State University Your Guide This Evening Kathy Flaherty Assistant Director, Financial

More information

Financial Aid 101 2014-2015. Representative s Name Outreach Representative

Financial Aid 101 2014-2015. Representative s Name Outreach Representative Financial Aid 101 2014-2015 Representative s Name Outreach Representative Agenda Basic Information: What, Who and How How is Financial Need Calculated Federal Programs State Programs Filling out the FAFSA

More information

Financing Education Beyond High School

Financing Education Beyond High School Financing Education Beyond High School Claudia A. Wenzel John Carroll University Director of Financial Assistance Topics We Will Discuss The Basics of Understanding the process including: Expected Family

More information

Financial Aid: What You Need to Know

Financial Aid: What You Need to Know Financial Aid: What You Need to Know South High School December 15, 2014 Sandy Sundstrom St. Olaf College Agenda General Overview and Philosophy of Financial Aid Family Contribution Financial Need Types

More information

Please silence your cell phones! Thank you for being considerate to the people around you.

Please silence your cell phones! Thank you for being considerate to the people around you. Please silence your cell phones! Thank you for being considerate to the people around you. FAFSA Tips Complete the correct form (17-18) Don t mix answers for student and parent information Ensure SSN

More information

PRESENTER. USC Lancaster Kenneth T. Cole Director of Financial Aid USC LANCASTER

PRESENTER. USC Lancaster Kenneth T. Cole Director of Financial Aid USC LANCASTER PRESENTER USC LANCASTER USC Lancaster Kenneth T. Cole Director of Financial Aid What is Financial Aid Sources of Financial Aid When to Apply How to Apply Scholarships Filing the FAFSA (FAFSA Walk-thru)

More information

Financial Aid 101 What You Need To Know About Financial Aid

Financial Aid 101 What You Need To Know About Financial Aid Financial Aid 101 What You Need To Know About Financial Aid Jevita Rogers, Director, UCCS Financial Aid Branden Williams, Counselor, UCCS Financial Aid All information in this presentation is general and

More information

What You Need to Know About Financial Aid Mark Hill Director of Financial Aid SUNY College of Environmental Science and Forestry

What You Need to Know About Financial Aid Mark Hill Director of Financial Aid SUNY College of Environmental Science and Forestry What You Need to Know About Financial Aid Mark Hill Director of Financial Aid SUNY College of Environmental Science and Forestry Monday, January 5, 2014 Slide 1 Agenda Financial Aid Cost of Attendance

More information

Financial Aid 101 Paying for College

Financial Aid 101 Paying for College Financial Aid 101 Paying for College Senior Year Checklist FALL SEMESTER Take and retake the ACT/SAT Apply to several colleges (admissions, institutional aid, etc) and utilize their net price calculators

More information

College and Coffee. Funding your Student s College Education

College and Coffee. Funding your Student s College Education College and Coffee Funding your Student s College Education Disclaimer and Advice We are counselors, not financial advisors We are here to provide you with an overview of this process and resources only

More information

The Financial Aid Process. Paying for College

The Financial Aid Process. Paying for College The Financial Aid Process Paying for College Making college accessible and affordable for Illinois students. - Mission Statement The Illinois Student Assistance Commission (ISAC) is the college access

More information

Filling Out the FAFSA

Filling Out the FAFSA Filling Out the FAFSA Free Application for Federal Student Aid The Path to Financial Aid Starts Here FAFSA What s Inside? Federal student aid is provided by the U.S. government to help you pay for college.

More information

Discussion Topics. Funding Your Education Wisely Taking A Closer Look at the Various Types of Aid and the Financial Aid Process 1/6/15. !

Discussion Topics. Funding Your Education Wisely Taking A Closer Look at the Various Types of Aid and the Financial Aid Process 1/6/15. ! Funding Your Education Wisely Taking A Closer Look at the Various Types of Aid and the Financial Aid Process Discussion Topics! Financial Aid Overview ª Types and sources of aid ª Federal and state programs

More information

Office of Student Financial Aid Montgomery College

Office of Student Financial Aid Montgomery College Office of Student Financial Aid Montgomery College What is Financial Aid? Cost of Attendance Expected Family Contribution Determining Financial Need Types and Sources of Financial Aid Financial Aid Process

More information

College Planning Guide

College Planning Guide College Planning Guide 2010-2011 C O P T I C E D U C A T I O N A L F O U N D A T I O N 2 0 1 0-2 0 1 1 Page 1 SECTION IV Financing Your College Education College can be expensive, so the earlier you begin

More information

Financial Aid Night. Presented By Anna Minniece Irvine Valley College. Education is not expensive, it's priceless."

Financial Aid Night. Presented By Anna Minniece Irvine Valley College. Education is not expensive, it's priceless. Financial Aid Night Presented By Anna Minniece Irvine Valley College Education is not expensive, it's priceless." 1 2 Agenda What is Financial Aid? Application Process How Financial Aid Need is Determined

More information

AN INTRODUCTION TO FAFSA. FAFSA At-a-Glance

AN INTRODUCTION TO FAFSA. FAFSA At-a-Glance AN INTRODUCTION TO FAFSA Directions: Work with your small group to answer the questions below. Use the FAFSA: Overview and FAFSA: Getting Ready handouts. FAFSA At-a-Glance FAFSA is an acronym for: Official

More information

FFCHS Financial Aid Information Night OCTOBER 6 TH, 2014

FFCHS Financial Aid Information Night OCTOBER 6 TH, 2014 FFCHS Financial Aid Information Night OCTOBER 6 TH, 2014 Counselors Ellen Hinckley(A-G) Markus Moeder-Chandler(H-O) Lisa Rogula(P-Z) A note on Grants/Scholarships from Colleges Avg. Grants and Scholarships

More information

Student Financial Services: Understanding Financial Aid

Student Financial Services: Understanding Financial Aid Student Financial Services: Understanding Financial Aid Employee Financial Aid Night 2011 Overview What is Financial Aid? Free Application for Federal Student Aid (FAFSA) CSS PROFILE How do colleges give

More information

Your comprehensive AMDA Financial Aid planning guide.

Your comprehensive AMDA Financial Aid planning guide. Your comprehensive AMDA Financial Aid planning guide. We know the financial aid process can sometimes be confusing, so we ve tried to make the process easier with this comprehensive guide. Simply follow

More information

UNDERSTANDING THE FAFSA Fall 2016

UNDERSTANDING THE FAFSA Fall 2016 UNDERSTANDING THE FAFSA Fall 2016 MASSACHUSETTS EDUCATIONAL FINANCING AUTHORITY About MEFA Not-for-profit state authority created in 1982 Helping families plan, save, and pay for college Keeping you on

More information

FAFSA INFORMATION. The following are several good reasons why you should consider using FAFSA on the Web:

FAFSA INFORMATION. The following are several good reasons why you should consider using FAFSA on the Web: FAFSA INFORMATION Does Your School Qualify? Many educational institutions and programs are qualified to disburse federal student financial aid. They include: Large universities Small liberal arts colleges

More information

Ohio Wesleyan University Olentangy High School Financial Aid Presentation

Ohio Wesleyan University Olentangy High School Financial Aid Presentation Ohio Wesleyan University Olentangy High School Financial Aid Presentation 2017-2018 Contact Us for Help Your best source for FREE financial aid information and assistance Assist students with the application

More information

What You Need to Know About Financial Aid

What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators Presents What You Need to Know About Financial Aid Tracy Dahl Centralia College 2014 NASFAA Topics We Will Discuss Tonight What is financial

More information

Financial Aid Night. Marty Reba Director of Financial Aid North Central College

Financial Aid Night. Marty Reba Director of Financial Aid North Central College Financial Aid Night Marty Reba Director of Financial Aid North Central College Topics What is Financial Aid? Types of Financial Aid Free Application for Federal Student Aid (FAFSA) Change In Circumstances

More information

What You Need to Know About Financial Aid

What You Need to Know About Financial Aid National Association of Student Financial Aid Administrators What You Need to Know About Financial Aid Topics We Will Discuss Tonight What is financial aid Cost of attendance (COA) Expected Family Contribution

More information

2/2/2015. Completing the FAFSA. {Unlock money for college} Even if your parents won the. Types of Financial Aid That Require the FAFSA

2/2/2015. Completing the FAFSA. {Unlock money for college} Even if your parents won the. Types of Financial Aid That Require the FAFSA Completing the FAFSA {Unlock money for college} Even if your parents won the Types of Financial Aid That Require the FAFSA 1 Types of financial aid that require the FAFSA Federal and state grants government

More information

Florida A&M University Student Orientation. Office of Financial Aid

Florida A&M University Student Orientation. Office of Financial Aid Florida A&M University Student Orientation Office of Financial Aid Office of Financial Aid Mission Statement The mission of the Office of Financial Aid is to provide access to financial resources in a

More information

FINANCIAL AID INFORMATION, NEWS, & NOTES 2016/2017 APPLY FOR FINANCIAL AID!

FINANCIAL AID INFORMATION, NEWS, & NOTES 2016/2017 APPLY FOR FINANCIAL AID! FINANCIAL AID INFORMATION, NEWS, & NOTES 2016/2017 APPLY FOR FINANCIAL AID! Financial aid is money that is available to help students finance the cost of an education. Financial aid comes in the form of

More information

2017/18 Financial Aid High School Presentation. New Jersey Higher Education Student Assistance Authority

2017/18 Financial Aid High School Presentation. New Jersey Higher Education Student Assistance Authority 2017/18 Financial Aid High School Presentation New Jersey Higher Education Student Assistance Authority The Mission The Higher Education Student Assistance Authority is the only State agency with the sole

More information

FAFSA Line by Line Workshop

FAFSA Line by Line Workshop 2015-2016 FAFSA Line by Line Workshop Presented by Sonia K. Wagner SoMD CAN Founding Member / Board President Calvert Local Scholarships Application Clearinghouse Founder/Chair Partners in Education Today

More information

2016/17 Financial Aid High School Presentation. New Jersey Higher Education Student Assistance Authority

2016/17 Financial Aid High School Presentation. New Jersey Higher Education Student Assistance Authority 2016/17 Financial Aid High School Presentation New Jersey Higher Education Student Assistance Authority The Mission The Higher Education Student Assistance Authority is the only State agency with the sole

More information

Funding College. Office of Financial Aid and Scholarships Clackamas Community College

Funding College. Office of Financial Aid and Scholarships Clackamas Community College Funding College Office of Financial Aid and Scholarships Clackamas Community College What is Financial Aid? Money to help pay for your educational costs. Don t assume you are not eligible for Federal aid!

More information

What documents do I need when I file my FAFSA?

What documents do I need when I file my FAFSA? How do I apply for financial aid? To apply for financial aid, a student must fill out a FAFSA. FAFSA stands for the Free Application for Federal Student Aid and can be completed at www.fafsa.gov. You should

More information

FINANCIAL AID NIGHT 2015 2016

FINANCIAL AID NIGHT 2015 2016 FINANCIAL AID NIGHT 2015 2016 1 Understanding the College and Financial Aid Application Process Be patient, thorough, and organized as you go through the college admission and financial aid application

More information

Topics We Will Discuss Tonight. What is financial aid Categories, types and sources of financial aid Free Application for Federal Student Aid (FAFSA)

Topics We Will Discuss Tonight. What is financial aid Categories, types and sources of financial aid Free Application for Federal Student Aid (FAFSA) Topics We Will Discuss Tonight What is financial aid Categories, types and sources of financial aid Free Application for Federal Student Aid (FAFSA) What is Financial Aid? Financial aid is funds provided

More information

Seton Hall University. Where Leaders Learn. Financial Aid 101

Seton Hall University. Where Leaders Learn. Financial Aid 101 Financial Aid 101 Q: What is Financial aid? A: Any form of monetary assistance that helps pay for college This includes, scholarships, need-based grants, loans, work-study, etc. It is not just gift aid.

More information

Oakland University Financial Services Funding Education Beyond High School Supplemental Worksheet

Oakland University Financial Services Funding Education Beyond High School Supplemental Worksheet Elements of Financial Aid Oakland University Financial Services Funding Education Beyond High School Supplemental Worksheet A) Four types of financial aid available to students: B) Three different categories:

More information

Ohio Wesleyan University. High School Financial Aid Presentation November 5 th, 2015

Ohio Wesleyan University. High School Financial Aid Presentation November 5 th, 2015 Ohio Wesleyan University High School Financial Aid Presentation November 5 th, 2015 Contact Us for Help Your best source for FREE financial aid information and assistance Assist students with the application

More information

! The concept of a school that is the right fit has to. ! Parents and students need to study the prices and

! The concept of a school that is the right fit has to. ! Parents and students need to study the prices and #$%& Trends Costs How Colleges Determine Aid Awards Forms Award Letters Appeals What s Next? Percent Changes In CPI 2003-2013 100 80 60 40 20 How Fast Has College Tuition Grown? 22.8 5.6 6 0 Women s Men

More information

Your Financial Aid Package and Guide

Your Financial Aid Package and Guide Your Financial Aid Package and Guide What You Need to Know Saint Michael s Student Financial Services Office is available to assist you in understanding your financial aid award and navigating the college

More information

Financing a College Education

Financing a College Education Financing a College Education After this program, you should know The types of aid available to students How and when to apply for financial aid How financial aid eligibility is calculated Sources of Financial

More information

FEDERAL UPDATE AND FAFSA INFORMATION. NDASFAA High School Counselors Workshop October 2016

FEDERAL UPDATE AND FAFSA INFORMATION. NDASFAA High School Counselors Workshop October 2016 FEDERAL UPDATE AND FAFSA INFORMATION NDASFAA High School Counselors Workshop October 2016 FEDERAL UPDATE AND FAFSA INFORMATION Goals for Today: Overview of changes for upcoming award year Overview and

More information

Please silence your cell phones! Thank you for being considerate to the people around you.

Please silence your cell phones! Thank you for being considerate to the people around you. Please silence your cell phones! Thank you for being considerate to the people around you. Your Presenter Your Presenter Fran McKeown Higher Education Access Partner Southeastern Region PA Higher Education

More information

Financial Aid Overview

Financial Aid Overview Financial Aid Overview 1/14/2015 1 Presentation Objectives Understand the financial aid process and timeline Know the different types of financial aid and how to access each of them Understand why everyone

More information

Your guide to finding the funds for college

Your guide to finding the funds for college Your guide to finding the funds for college Get2College counselors can provide you with personalized advice on how to do everything outlined in this booklet. Just call one of our Centers listed on the

More information

Finding Money for College

Finding Money for College Finding Money for College Basics of Financial Aid UCR Financial Aid Office We will talk about: Federal student aid Pell Grant, Federal Work Study, Federal Loans State student aid Cal Grant, Chafee Grant,

More information

FINANCIAL AID 101 for High School Seniors & Their Families

FINANCIAL AID 101 for High School Seniors & Their Families FINANCIAL AID 101 for High School Seniors & Their Families Wethersfield High School 1 December 4, 2012 This presentation was developed by Stacey Musulin in concert with other staff members at the University

More information