Presenter: Bob Lortz, Student Services Specialist Sponsored by:

Transcription

1 Applying for Financial Aid Presenter: Bob Lortz, Student Services Specialist Sponsored by:

2 Cash for College Exit Survey Complete and turn in the Student Evaluation BEFORE you leave! Location and Date Please Print Clearly! Must submit your FAFSA and Cal Grant GPA by March 2nd Winner will be chosen after March 2nd and announced by your counselor or by a letter mailed to the address provided. Scholarship will be sent to the college.

3 What Will You Learn At This Workshop? Types and sources of financial aid Required financial aid application forms How to complete the Free Application for Federal Student Aid (FAFSA) and the Cal Grant GPA Verification Form Answers to your individual questions

4 Types of Financial Aid Gift Aid - Grants or scholarships that do not need to be repaid Work - Money earned by the student as payment for a job on or off campus Loans - Borrowed money to be paid back, usually with interest

5 Sources of Financial Aid Federal government State government Colleges and universities Private agencies, companies, foundations, and parents employers

6 FAFSA Types of Applications Undocumented student covered under AB540 should complete the California Dream Application Cal Grant GPA Verification Form Other applications or forms as required by the college such as: CSS/Financial Aid PROFILE Institutional Scholarship and/or Financial Aid Application 2014 federal tax returns (along with all schedules and W-2s) or other income documentation

7 CSS/Financial Aid PROFILE The CSS Profile is a 2 step process:» $25 online registration(1 school)» $16 per additional school» fee waiver built into website NOT all schools require» mostly private schools Filed earlier than the FAFSA NOT used for awarding federal financial aid

8 Cal Grants/Awards Cal Grant A Entitlement Awards up to $12,192 at a U.C., $5,472 at a CSU, and $8,056 at an independent or private college. If attending a Community College, award will be held in reserve for up to 3 years until you transfer to a four-year college. Cal Grant B Entitlement Awards for high school seniors and recent high school grads with a GPA of at least 2.0, who come from disadvantaged or low income families, additional living allowance of $1,648 and up to the same award amounts of Cal Grant A for the second year. Cal Grant C Awards - for students from low income families pursuing vocational programs of study. Awards up to $547 for books, tools, etc. and up to $2,462 for tuition and fees at a private college.

9 Eligibility for Cal Grants To be eligible for a Cal Grant, the student must also: be a U.S. citizen, eligible noncitizen, or AB540 student, and be a California resident, and attend an accredited California college or university at least half-time in

10 Residency and Cal Grant Eligibility for If unmarried and under 18 years of age, the student will be considered a legal resident of California if: parents have been legal residents of California for one year immediately prior to September 20, 2015, or student has lived in California with other legal California residents, other than parents, for two years immediately prior to September 20, 2015, or parents who are active duty military, stationed in California at the time the student enrolls in college, or parents military home of record is California If married or 18 years of age or older, the student establishes his/her own residence status. The student must be a legal resident of California for one year prior to September 20, 2015 Undocumented students who qualify for AB540 in-state tuition satisfy Cal Grant residency requirements. This includes AB540 eligible DACA students

11 Cal Grant Application Requirements By March 2, 2015, complete and submit: Free Application for Federal Student Aid (FAFSA) OR If eligible under AB540 or DACA, students should complete thecalifornia Dream Act Application: Cal Grant GPA Verification Form OR Release Form Check with your high school or college counselor for more details on how to file the Cal Grant GPA Verification Form, required of all students

12 Possible Cal Grant and Federal Pell Grant Maximum Awards If the student qualifies for Cal Grant, amounts vary depending on the school the student attends, financial need, year in college and enrollment status (full or part-time) If the student qualifies for the Federal Pell Grant, amounts vary depending on family contribution and enrollment status (full or part-time) Other eligibility requirements may apply Cal Grant* (From $5,472 to $12,192) FAFSA or - for AB540 students - The California Dream Act Application Verified GPA Apply by March 2, Federal Pell Grant (up to $5,730) FAFSA = $11,202 to $17,922 annually depending on the college/university the student attends and financial need * Check for eligible schools at:

13 Middle Class Scholarship Undergraduates with family incomes of up to $150,000 who: Submit Free Application for Federal Student Aid (FAFSA) by March 2, 2015 attend a UC or CSU are U.S. citizens, permanent residents, or have AB540 status are California residents, and maintain a 2.0 cumulative GPA Annual award amounts: To be determined by the California Student Aid Commission

14 Need Based Federal Grants Pell Grants - $5,730 maximum per year based on full-time enrollment during the academic year, and maximum financial aid eligibility as a result of a valid FAFSA application. Supplemental Educational Opportunity Grants (SEOG) - $4,000 maximum per year

15 More Need Based Aid Federal Work-Study Institutional Grants, Scholarships, or Fee Waivers Federal Perkins Loan 5% Interest begins at repayment = 9 mo. after graduation Federal Subsidized Direct or Stafford Loan Program 4.6% Interest begins at beginning of grace period

16 NON-Need Based Aid Some institutional or private scholarships Federal Unsubsidized Direct or Stafford Loan 4.6% interest begins immediately, accruing on the original loan amount unless you pay the interest while in school. Repayment begins 6 months after graduation. Federal PLUS Loan for Parents % interest begins immediately, accruing. Repayment begins after 60 days or can be deferred until the student drops below ½ time.

17 California Chafee Grant The California Chafee Grant program provides up to $5,000 annually to current and former foster youth for college or vocational training at any accredited college in the U.S., based on available funding To be eligible, foster youth must have been in California foster care on their 16 th birthday and not have reached their 22 nd birthday before July 1, 2015 Foster youth are encouraged to apply during their senior year of high school To apply, the foster youth must complete: FAFSA California Chafee Grant Program Application AB540 students may also be eligible To apply for a Chafee Grant, go to:

18 How Does Financial Aid Work? Colleges determine and offer their students financial aid based on the following equation. Also known as Need Analysis. Cost of Attendance (COA) - Expected Family Contribution (EFC) = Financial NEED (Financial Aid Eligibility)

19 What Is The Cost of Attendance (COA)? Cost of Attendance includes most everything related to college expenses for one academic year. Also known as the Student Budget.

20 What is the Expected Family Contribution (EFC)? A number produced by the FAFSA used by colleges to calculate the amount that your family (student and parent/s) will be expected to pay for college from income and assets over time. NOTE: EFC is recalculated each time you submit a FAFSA (once per year)

21 Comparison of Financial Aid Packages Community College CSU UC Private/ Independent Cost of Attendance 9,790 19,849 29,132 41,100 Expected Family Contribution (EFC) 2,000 2,000 2,000 2,000 Need 7,790 17,849 27,132 39,100 Financial Aid Package: Federal Pell Grant 3,730 3,730 3,730 3,730 Federal Work Study 706 3,056 4,098 6,547 Federal SEOG 400 Federal Perkins Loan 4,200 Federal Stafford/Direct Loan 4,200 3,900 6,657 Federal PLUS Loan 1,391 3,212 6,070 Cal Grant 1,648 5,472 12,192 8,056 Institutional Scholarship 3,840 Fee Waiver 1,306 Total Package 7,790 17,849 27,132 39,100 Unmet Need

22 FAFSA on the Web (FOTW) Internet application used by students and parents to complete electronic FAFSA at: Sophisticated on-line edits and skip logic help avoid errors On-line help is available for each question Student and one custodial parent should get a federal PIN to sign FAFSA at:

23 Getting Ready Before starting the FAFSA on the Web (FOTW), gather: Student driver s license Student Alien Registration Card, if applicable Student and Parent Social Security cards 2014 W-2 Forms and records of money earned and other taxable benefits 2014 federal income tax form (even if not yet completed) Records of untaxed income Current bank statements Business, farm, and other real estate records Records of stocks, bonds, and other investments Complete FOTW Worksheet (optional) Create a file for copies of all financial aid documents submitted

24 The FOTW A Seven-Step Online Form Step 1 Student Demographics Step 2 Student Financial Information Step 3 Dependency Status Step 4 Parent Demographics Step 5 Parent Financial Information Step 6 School Selection Step 7 Sign and Submit / Confirmation

25 Getting Started on the FOTW Between July 1, 2015 and June 30, 2016 START FAFSA Between July 1, 2014 and June 30, 2015 START FAFSA

26 Create a Password Start Your FAFSA Form Approved Form Approved OMB No OMB No App Exp. 12/31/2016 App Exp. 12/31/2016

27 Login The FOTW will ask for the student s first and last names Make sure to report the student s name exactly as it appears on the student s Social Security card

28 Student Social Security Number Double check the student s Social Security Number when entering it on the FOTW. Both student name and Social Security Number will be compared through a database match.

29 FAFSA Introduction Page

30 Step 1 STUDENT DEMOGRAPHICS

31 Step 1 Student Date of Birth, Gender, Permanent Mailing Address

32 Step 1 Student Home State Residency Home state residence if the student is dependent, the Home State is usually the one in which the custodial parent(s) lives Home state is also used to determine eligibility for state grants in the need calculation to determine the appropriate allowance for state and other taxes paid by that state s residents

33 Step 1 Phone Number and Address Throughout the application process, the student telephone number and address may be used by the U.S. Department of Education, the state, and the colleges and universities to: Correspond with the student Confirm FAFSA data

34 Step 1 Student Driver s License Students should provide their driver s license number if they have one This information may be used to confirm student identity if needed

35 Step 1 - Student Citizenship Status If U.S. citizen, status will be confirmed by Social Security match If eligible noncitizen, status will be confirmed by Department of Homeland Security (DHS) match. This includes: U.S. permanent residents with I-551 Conditional permanent residents with I-551C The holder of an Arrival-Departure Record (I-94) from the Department of Homeland Security showing any of the following designations: Refugee, Asylum Granted, Parolee (I-94 confirms paroled for a minimum of one year and status has not expired), T-Visa holder (T-1, T-2, T-3, etc.) or Cuban-Haitian Entrant; or The holder of a valid certification or eligibility letter from the Department of Health and Human Services showing a designation of Victim of human trafficking. A resident of the Republic of Palau (PW), the Republic of the Marshall Islands (MH), or the Federated States of Micronesia (FM) Canadian-born Native American under terms of the Jay Treaty

36 Step 1 - Eligible Noncitizen If eligible noncitizen, write in the student s eight- or nine-digit Alien Registration Number (ARN) Precede an eight-digit ARN with a zero Copy of the student s Permanent Registration Card may be requested by the financial aid office If neither a citizen nor eligible noncitizen, the student is ineligible for federal aid. Such students should check with their college financial aid office for other aid opportunities. If the student is undocumented as defined in AB540, he/she may be eligible for state California Dream Act financial aid. Learn more at

37 Step 1 Undocumented Students If the student is undocumented and is applying to any California public college or university, check to see if he/she might be eligible for in-state tuition/fee costs under AB540 If eligible for AB540, apply for California Dream Act financial aid at check with colleges and universities about CA Dream Act institutional financial aid and private scholarships and the timelines for applying apply for all other private scholarships for which the student may be eligible start inquiring in elementary, middle or high school to see if it is possible for younger students to become permanent residents For more information and a list of scholarships, go to:

38 Step 1 Student Marital Status The student should check his or her marital status as of the date the FAFSA on the Web is submitted If the student is married or remarried, he or she will be asked to provide information about his or her spouse

39 Step 1 - Selective Service Registration All male students who are between the ages of 18 and 25 years must be registered with Selective Service to receive federal and/or state aid Answer Register me only if you are male, aged 18-25, and have not yet registered. The student may also register by going to:

40 Step 1 - Student Aid Eligibility Drug Convictions Students who have never attended college since high school will not be asked any of the Drug Conviction questions Students who indicate that they have attended college before will be asked if they have ever received federal student aid If the answer is yes, students will be asked if they were convicted for the possession or sale of illegal drugs. Most students will answer No to this question and will not be asked any additional questions Even students who have been convicted of a drug offense while in college and receiving federal financial aid may still be eligible to receive federal financial aid

41 Step 1 Parents Educational Level Indicate highest level of schooling completed by the student s biological or adoptive parents (for state award purposes only) Use birth parents or adoptive parents - not stepparents or foster parents This definition of parent is unique to these two questions

42 Step 1 - High School Completion Status High School Completion Status When the student begins college in the school year, what will be the student s high school completion status? High school diploma GED certificate Home schooled None of the above

43 Step 1 - High School Question High School Question Enter the name, city and state of the high school where the student received or will receive a high school diploma Select Confirm to retrieve the high school information If no matches are found, the student should select Next to save the search information and continue with the FOTW application

44 Step 1 First Bachelor s Degree X Will you have your first Bachelor s degree before July 1, 2014? students starting college in should mark No to this question only students who will be pursuing a graduate or professional degree during should mark Yes

45 Step 1 - Grade Level in When the student begins the school year, what will be his/her grade level? Never attended college/1 st year Attended college before/1 st year 2 nd year/sophomore 3 rd year/junior 4 th year/senior 5 th year/other undergraduate 1 st year graduate/professional Continuing graduate/professional or beyond

46 Step 1 - Degree or Certificate Objective In the school year, what degree or certificate will you, the student, be working on? Some options are: 1 st bachelor s degree Associate degree (occupational or technical program) Associate degree (general education or transfer program) Graduate or professional degree

47 Step 1 Interest in Work-Study Select Yes if the student is interested in a collegesponsored on or off-campus job Answering Yes does not guarantee that the student will be offered a job Answering No does not mean that the student will received additional grant or scholarship

48 Step 2 Student Financial Information

49 Step 2 Student Financial Information Student questions in Section 2 are identical to the parent financial questions we will cover in Section 4 If the student is married, also report spouse s income and assets The questions in Step 2 ask: Which 2014 federal tax return the student filed or will file A student could have earned up to $6,200 in the 2014 calendar year and is not required to file a tax return! The student s 2014 Adjusted Gross Income, if filing a tax return, and earnings from work as well as untaxed income and assets

50 Step 3 STUDENT DEPENDENCY STATUS

51 Step 3 Determination of Student Dependency Status

52 Step 3 - Determination of Student Dependency Status (con t)

53 Step 3 - Determination of Student Dependency Status (con t)

54 Step 3 - Determination of Student Dependency Status If the student checks No in all of the boxes about Dependency Status, the student will be asked to go to Section 4. For FAFSA filing purposes, the student is considered a dependent student and will be required to provide parental information If any one of the items in this section applies to the student, he/she should mark the appropriate box, skip Section 4, and go to Section 5. The student is considered an independent student for FAFSA filing purposes and is NOT required to provide parental information

55 Step 4 PARENT DEMOGRAPHICS

56 Step 4 Parent Demographics Who is considered a parent? Biological or adoptive parent(s) Including same-sex and unmarried parents living together In case of divorce or separation, provide information about the parent and/or stepparent the student lived with more in the last 12 months Stepparent (regardless of any prenuptial agreements)

57 Step 4 Who is Not a Parent?

58 Step 4 Parent Marital Status Report your parents marital status as of today Never Married Unmarried and both parents living together Married or Remarried (also report the date of marriage or remarriage) Divorced or separated (also report the date of divorce or separation) Widowed (also report the date of widowhood)

59 Step 4 Parent Information If the student is providing Parent Information, he/she will need those parents : Social Security Numbers Last names and first initials Dates of Birth

60 Step 4 - Parent Address Provide a parent address that will be valid at least until the student starts college If a parent provides an address, the FAFSA processor will let them know the student s FAFSA has been processed

61 Step 4 Parent State of Legal Residence California California California

62 Step 4 - Parent Household Size Include in the parents household: the student parent(s) parents other dependent children, if the parents provide more than half their support or the children could answer no to every question in Section 3, regardless of where they live other people, if they now live with the parents and will continue to do so from 7/1/15 through 6/30/16, and if the parents provide more than half their support now, and will continue to provide support from 7/1/15 through 6/30/16

63 Step 4 - College Students in the Parent Household 2015 and June 30, 2016? Always include the student even if he/she will attend college less than half-time in Include other household members only if they will attend at least half-time in in a program that leads to a college degree or certificate Never include the parents in the number in college NOTE: Some financial aid offices will require documentation that other family members are attending college

64 Step 4 - Parents 2013 or 2014 Household Federal Benefits 2013 or 2014, Indicate if the student, his/her parents, or anyone in the parents household received benefits in 2013 or 2014 from any of the federal programs listed Supplemental Security Income (SSI) Supplemental Nutrition Assistance Programs (SNAP) Free or Reduced Price (School) Lunch Temporary Assistance for Needy Families (TANF) Special Supplemental Nutrition Program for Women, Infants and Children (WIC)

65 Step 4 - Parents 2014 Tax Return Filing Completion Status Students will be asked to provide information about their parent tax filing status for 2014: If parents have completed a 2014 federal income tax return, select Already completed If parents have not as yet filed, but plan to file a 2014 federal income tax return, select Will file If parents have not, nor will not, file a 2014 federal income tax return and are not required to do so, select Not going to file

66 Step 4 Type of Tax Return Filed 2014 Students will be asked to select what type of 2014 federal income tax return their parent(s) will file IRS 1040 IRS 1040A or 1040EZ Foreign tax return A tax return with Puerto Rico, a U.S. territory or Freely Associated State

67 Step 4 - Parents 2014 Tax Return Filing Status 2014 Students will be asked to provide information about their parent tax filing status for 2014 according to their tax return: If parents have (or will) file(d) a 2014, will they file as: Single Head of Household Married-Filed Joint Return Married-Filed Separate Return Qualifying Widow(er) Don t Know

68 Step A or EZ Tax Return This question asks whether the student s parents, who indicated they will file an IRS 1040, are eligible to file a 1040A or 1040EZ instead Students and parent should read the directions accompanying this question carefully If students or parents are uncertain as to the answer to this question, it is fine to select Don t know

69 Section 5 IRS Data Retrieval This question asks if parents have completed their 2014 IRS income tax return If parent(s) answer Already completed, they will be given the option to transfer their 2014 income tax information directly from IRS records to the FOTW If parents indicate that they have recently filed their 2014 taxes, they may not be able to access their IRS data if they have filed taxes electronically within the last three weeks or by mail within the last eleven weeks Instead, they should use their actual 2014 IRS tax return to complete the FOTW so the student does not miss any important financial aid deadlines

70 Step 4 IRS Data Retrieval (con t)

71 Step 4 IRS Data Retrieval (con t)

72 Step 4 IRS Tax Transcript

73 Step 4 - Parent Dislocated Worker The student will be asked to check if the father/stepfather and/or mother/stepmother is a dislocated worker A person may be considered a dislocated worker if he or she: is receiving unemployment benefits due to being laid off or losing a job and is unlikely to return to a previous occupation has been laid off or received a lay-off notice from a job was self-employed but is now unemployed due to economic conditions or natural disaster is a displaced homemaker

74 Step 4 Parent Financial Information - AGI If the answer to any question is zero or the question does not apply, enter 0: 0 Report whole dollar figures: 12,356 (no cents) Recommendation: If your parents have not filed their 2014 federal tax return, use W-2 forms and/or other employment records - such as final 2014 pay check stubs - to estimate total income Remember, rather than miss any filing deadline, use estimated 2014 income information

75 Step 4 - Parents 2014 U.S. Income Taxes 2014 Enter the amount of parents income tax for 2014 Use U.S. income tax paid (or to be paid), not the amount withheld from parents paychecks

76 Step 5 Parent 2014 Tax Exemptions Enter the parents tax exemptions for 2014 Be sure to include all persons being claimed on the parents 2014 federal tax return, regardless of whether they are included in the parents household size question

77 Step 4 - Money Earned from Work by Parent(s) in ? 2014? Use W-2 forms and other records to determine all income in 2014 earned from work (including business income earned from self-employment) for Parent 1 and Parent 2

78 Step 5 Parent Assets If asked, students should report the current balances of their parents cash, savings, and checking accounts as of the day they complete the FOTW They may also be asked to provide information about the net value of parent investments such as real estate, rental property, money market and mutual funds, stocks, bonds and other securities In addition, they may be asked questions about the net value of parent businesses and investment farms They should not include the home in which they live, the value of life insurance and retirement plans, or the value of a family-owned and controlled small business

79 Step Additional Financial Information The student will be asked to report if his or her parents received or paid any of the following items in Check all that apply and provide amounts. American Opportunity or Lifetime Learning tax credits Child support paid Taxable earnings from Work-study, Assistantships, or Fellowships Taxable grant and scholarship aid reported to the IRS Combat pay or special combat pay Cooperative education program earnings

80 Step Parent Untaxed Income The student will be asked to report if his or her parents had any untaxed income in Check all that apply. Some examples of the most common items are: Payments to tax-deferred pension and savings plans such as 401K IRA deductions, and payments to self-employed SEP and Keogh Child support received Tax exempt interest income Housing, food and other living allowances paid to members of the military and clergy

81 Step 5 STUDENT INFORMATION

82 Section 5 Student Information (Independent Students) There are questions in Section 5 that the student will be asked only if he/she checked at least one Yes response in Section 3 Dependency Status

83 Section 5 Student Household Size (Independent Students) Student Household Size Include in student s household: the student and the student s spouse (if married) the student s dependent children, if the student provides more than half their support other people, if they now live with the student and will continue to do so from 7/1/15 through 6/30/16, and if the student provides more than half their support now, and will continue to provide that level of support from 7/1/15 through 6/30/16

84 Section 5 Student Number in College (Independent Students) Student Number in College Count the student even if the student will attend college less than half-time in Report others if included in the previous student household size question only if they will attend at least half-time in in a program that leads to a college degree or certificate

85 Section 5 Student Dislocated Worker A person may be considered a dislocated worker if he/she: is receiving unemployment benefits due to being laid off or losing a job and is unlikely to return to a previous occupation has been laid off or received a lay-off notice from a job was self-employed but is now unemployed due to economic conditions or natural disaster is a displaced homemaker

86 Section 5 Student Household Federal Benefits (Independent Students) Indicate if the student, his/her spouse, or anyone in the student s household received benefits in 2013 or 2014 from any of the federal programs listed Supplemental Security Income (SSI) Supplemental Nutrition Assistance Programs (SNAP) Free or Reduced Price School Lunch Temporary Assistance for Needy Families (TANF) Special Supplemental Nutrition Program for Women, Infants and Children (WIC) None of the above

87 Section 6 School Selection

88 Step 6 School Selection FAFSA on the Web allows the student to list up to 10 colleges/universities that will receive his/her student and parent information The student should list first the California school he/she is most likely to attend The student may re-order his/her school choices Then list other schools to which the student is applying for admission

89 Step 6 School Selection While in the School Selection Section, the student will be asked to enter the location and name or the federal school code for each school to which he/she wants FOTW information sent If the student does not know the federal school code, enter the state in which the college/university is located and search for the federal school code by the college/university name

90 Step 6 School Selection Strategies for Listing Colleges List a California college or university first (for Cal Grant consideration) Then list those schools with the earliest financial aid deadlines, regardless of whether they are in-state or out-of-state If the student is applying to more than ten schools, wait for the processed Student Aid Report (SAR) and add additional schools via the Web or by phone using the student PIN NOTE: Each UC and CSU campus must be listed separately

91 Step 6 - School Selection The student will be asked to select the housing plan that best describes the type of housing the student expects to have while attending each listed school The choices for housing are: On Campus With Parent Off Campus The student s choice of housing may affect the amount of financial aid for which he/she is eligible. It is usually more expensive to live on or off campus than with parents or relatives Remember, selecting the On Campus housing option is not an application for On Campus housing. Check with the colleges/ universities for housing information when you apply for admission

92 Step 7 SIGN AND SUBMIT CONFIRMATION

93 Federal PIN PIN (Personal Identification Number) Needed to sign and access the FAFSA Both student and one parent need PINs to sign the FAFSA electronically May be used to: Check on FAFSA status Verify and correct FAFSA data Add additional schools to receive FAFSA data Change home and addresses Apply for student and parent PINs at: PIN will be generated only if a valid address is provided In late April 2015, the U.S. Department of Education will be switching from the current 4-digit FSA PIN to the FSA ID. The FSA ID is a new user-selected username and password.

94 Step 7 Student Signature Page Sign and Submit Recommend that students sign the FAFSA electronically using their PINs Remember to read and mark Agree to the student Terms of Agreement

95 Step 7 Parent Signature Page Sign and Submit Recommend that one custodial parent signs the FAFSA electronically using his/her PIN Remember to read and mark Agree to the Terms of Agreement Parent(s) without Social Security Numbers Click on Other options to sign and submit for Paper Signature Page

96 Go to to complete and submit your application. For more information on federal student aid, visit You can also talk with your college s financial aid office about other types of student aid that may be available NOTE: Do not mail the worksheet you were provided during this workshop. This document is a tool to collect and answer all questions that will be asked of you in the online application.

97 Step 7 Confirmation Confirmation Page Confirms date and time of submission of the FOTW to the U.S. Department of Education Shows Expected Family Contribution (EFC) Estimated Federal Pell Grant and Federal Stafford Loan eligibility List of schools to receive FAFSA data

98 Step 7 Confirmation Confirmation Page Also provides parent(s) with other children planning to attend college in the opportunity to transfer parental information to other children s FOTWs.

99 Special Circumstances Contact the Financial Aid Office if there are circumstances which affect a family s ability to pay for college such as: Loss or reduction in parent or student income or assets Death or serious illness Natural disasters affecting parent income or assets such as the recent California wind storms, wild fires, floods, or mudslides Unusual medical or dental expenses not covered by insurance Reduction in child support, Social Security benefits or other untaxed benefit Financial responsibility for elderly grandparents, or Any other unusual circumstances that affect a family s ability to contribute to higher education

100 Application Filing Tips FAFSA on the Web Gather necessary documents ahead of time Complete a FAFSA on the Web available at: Allow ample time to complete the online FOTW application for submission by the deadline Check the FAFSA on the Web for accuracy prior to submission Save all work periodically Sign the application using student s and one custodial parent s PINs Print and keep a copy of the FAFSA before submitting data Print and keep a copy of the Submission Confirmation Page

101 Student Aid Report (SAR) After the student completes the FAFSA on the Web, a SAR will be sent to the student An electronic SAR Acknowledgment will be sent if student provides an address A paper SAR will be mailed if no student address is provided An electronic copy of the data will be sent to each college or university listed by the student in Section 2 Keep a copy of the SAR with other financial aid documents

102 What Happens Next? Students and the colleges the student listed receive Student Aid Report (SAR) from federal processor Students who complete FAFSA and Cal Grant GPA Verification Form receive California Aid Report (CAR) Students and families review SAR and CAR for important information and accuracy of data Colleges match admission records with FAFSA and other required financial aid forms to determine aid eligibility Colleges provide notices of financial aid eligibility to admitted students who have completed all required financial aid forms

103 Federal Verification Some students may be required to verify the information reported on the FAFSA If selected for verification, the tax information of federal tax filers will be verified through The IRS Date Retrieval Process, or IRS Tax transcripts if requested by the college or university Non-tax filers selected for verification may be asked to provide Signed statements confirming that they did not file a 2013 federal tax return and were not required by IRS to do so Copies of W-2s or other income documentation from each employer, if any income was earned from work All selected aid applicants will also be asked to verify certain demographic data listed such as Household size and number in college Child Support paid and SNAP, if reported on the FAFSA Enrollment History for transfer students Identity Confirmation IRS Transcripts available at:

104 Check Your Cal Grant By opening a WebGrants Account a student can: Check Cal Grant award status 24/7 Confirm student s high school graduation as required Make changes to Cal Grant school choices View how much a Cal Grant is worth at different California colleges and universities View Cal Grant payment history Create a WebGrants account at:

105 Summary of the Financial Aid Process Submit all required forms, including the FAFSA, by each college s published deadlines (but no later than March 2) By March 2, submit a Cal Grant GPA Verification Form Keep a copy of all forms submitted Review the electronic Student Aid Report (SAR) Acknowledgement or the paper SAR sent to the student Review the California Aid Report (CAR) Watch for financial aid award notifications from colleges to which the student has been admitted Be sure to apply for financial aid this year and every year as soon as possible after January 1 to receive the best financial aid award possible ASK QUESTIONS!

106 If You Need Help at Any Time FAFSA on the Web Live Help Phone FED-AID ( ) the U.S. Department of Education at:

107 Thanks to our Corporate sponsor! NOW it is time for the. ipod Drawing!

108 Questions and Answers 109

109 The End! For additional help, speak with your guidance counselor, or Contact a financial aid officer at the school you plan to attend, or contact us at: Napa Valley College Financial Aid/EOPS Office Main Campus, Room Office Hours: Monday, Wednesday, Thursday, Friday 9:00 am to 5:00 pm Tuesday 9:00 am to 7:00 pm Please call for available appointments 110