1 / 82

Applying for Financial Aid 2012-2013

Applying for Financial Aid 2012-2013. Sponsored by: Presented by:. 2. What Will You Learn Today?. Types and sources of financial aid Required financial aid application forms

lucien
Télécharger la présentation

Applying for Financial Aid 2012-2013

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Applying forFinancial Aid2012-2013

  2. Sponsored by: Presented by: 2

  3. What Will You Learn Today? • 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. 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 Types of Financial Aid

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

  6. Cal Grant A Entitlement Awards – for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 3.0, family income and assets below the state ceilings, who demonstrate financial need 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, whose family income and assets are below the state ceilings, and who demonstrate financial need Cal Grant C Awards - for students from low income families pursuing vocational programs of study Cal Grants

  7. To be eligible for a Cal Grant, the student must also: be a U.S. citizen or eligible noncitizen be a California resident attend an accredited California college or university at least half-time in 2012-13 Eligibility for Cal Grants

  8. Residency and Cal Grant Eligibility for 2012-2013 • 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, 2012, or • student has lived in California with other legal California residents, other than parents, for two years immediately prior to September 20, 2012, 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, 2012

  9. Check with your high school or college counselor for more details on how to file the Cal Grant GPA Verification Form 2012-2013 Cal Grant Application Requirements • By March 2, 2012, complete and submit: Free Application for Federal Student Aid (FAFSA) Cal Grant GPA Verification Form

  10. 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 16th birthday and not have reached their 22nd birthday before July 1, 2012 • Foster youth are encouraged to apply during their senior year of high school • To apply, the foster youth must complete: • 2012-2013 FAFSA • California Chafee Grant Program Application To learn more about the Chafee Grant, go to: www.chafee.csac.ca.gov

  11. FAFSA Types of Applications • 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 • 2011 federal tax returns (along with all schedules and W-2s) or other income documentation

  12. File early, but no later than March 2, 2012 Use estimated 2011 income information if taxes are not complete at time of FAFSA submission Student and at least one parent whose information is reported must complete and sign the FAFSA FAFSA Information & Tips

  13. FAFSA on the Web (FOTW) • Internet application used by students and parents to complete electronic FAFSA at: www.fafsa.gov • Sophisticated on-line edits and skip logic so that errors are less likely to be made • On-line help is available for each question • Student and one custodial parent should get a federal PIN at: • www.pin.ed.gov

  14. PIN (Personal Identification Number) serves as the electronic signature on ED documents 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 e-mail addresses If an e-mail address is provided, PIN will be e-mailed to the PIN applicant within minutes Federal PIN Apply for student and parent PINs at: www.pin.ed.gov

  15. Another Useful Form -FAFSA on the Web Worksheet The 2012-2013 FAFSA on the Web Worksheet may be used for the January 1, 2012 through June 30, 2013 federal aid application cycle

  16. Before starting the FAFSA on the Web (FOTW), gather: Student driver’s license Student Alien Registration Card Student and Parent Social Security cards 2011 W-2 Forms and records of money earned and other taxable benefits 2011 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 2012-13 FOTW Worksheet Create a file for copies of all financial aid documents submitted Getting Ready

  17. FAFSA on the Web (FOTW) The 2012-2013 FAFSA on the Web may be used for the January 1, 2012 through June 30, 2013 federal student aid application cycle

  18. Section 1–Student Demographics Section 2–School Selection Section 3–Dependency Status Section 4–Parent Demographics Section 5 – Financial Information Section 6 – Sign and Submit Section 7 – Confirmation The FOTW A Seven-Section Online Form

  19. Section 1STUDENT DEMOGRAPHICS

  20. Section 1 - Student Name • 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

  21. Section 1 - 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.

  22. Section 1- Home State Residence • 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

  23. Section 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

  24. Section 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 24

  25. Section 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 might be requested by the financial aid office If neither a citizen or eligible noncitizen, the student is ineligible for federal/state aid, but might still be eligible for institutional funds 25

  26. 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 visit www.CalDreamAct.org to learn more about the new California Dream Act signed into law in 2011 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 possiblefor younger students to become permanent residents Section 1 - Undocumented Students If the student is undocumented • For more information and a list of scholarships, go towww.latinocollegedollars.org • http://www.maldef.org/assets/pdf/Scholarship_List_2010_2011.pdf www.finaid.org/otheraid/undocumented.phtml

  27. Section 1 - Selective Service Registration • Male students who are between the ages of 18 and 25 years must be registered with Selective Service to receive federal and 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: www.sss.gov

  28. Section 1 - High School Completion Status • High School Completion Status • When the student begins college in the 2012-2013 school year, what will be the student’s high school completion status? • High school diploma • GED certificate • Home schooled • None of the above

  29. Section 1 - Grade Level in 2012-13 • When the student begins the 2012-2013 school year, what will be his/her grade level? • Never attended college/1st year • Attended college before/1st year • 2nd year/sophomore • 3rd year/junior • 4th year/senior • 5th year/other undergraduate • 1st year graduate/professional • Continuing graduate/professional or beyond

  30. Section 1 - Degree or Certificate Objective • In the 2012-2013 school year, what degree or certificate will you, the student, be working on? • Some options are: • - 1st bachelor’s degree • - Associate degree (occupational or technical program) • - Associate degree (general education or transfer program) • - Graduate or professional degree

  31. Section 1 - First Bachelor’s Degree • Will you have your first Bachelor’s degree before July 1, 2012? • students starting college in 2012-13 should mark “No” to this question • only students who will be pursuing a graduate or professional degree during 2012-13 should mark “Yes”

  32. Section 1 - Parents’ Educational Level Indicate highest level of schooling completedby the student’s biological or adoptive parents (for state award purposes only) • Use birth parents or adoptive parents - notstepparents or foster parents • This definition of parent is unique to these two questions

  33. Section 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.

  34. Section 1 - High School Question • High School Question • Enter the name, city and state location of the school the student attends • 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

  35. Section 2SCHOOL SELECTION

  36. Section 2 - 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

  37. Section 2 - 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

  38. 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 Section 2 - School Selection Strategies for Listing Colleges NOTE: Each UC and CSU campus must be listed separately

  39. Section 2 - 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

  40. Section 3STUDENT DEPENDENCY STATUS

  41. Section 3 - Determination of Student Dependency Status

  42. Section 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

  43. Section 4PARENT DEMOGRAPHICS

  44. Section 4 - Parent Demographics • If the answer to any question is zero or the question does not apply, enter 0: • Report whole dollar figures: • Recommendation: If your parents have not filed their 2011 federal tax return, use W-2 forms and/or other employment records - such as final 2011 pay check stubs - to estimate total income • Remember, rather than miss any filing deadline, use estimated 2011 income information 0 (no cents) 12,356

  45. Who is considered a parent? Biological or adoptive parent(s) 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) Section 4 - Parent Demographics

  46. Do not provide information on: Foster parents or legal guardians If the student is in foster care or has a legal guardian, he/she is automatically considered an independent student Grandparents or other relatives are not considered parents unless they have adopted the student If this is not the case, the student must attempt to get biological parental information Colleges may use Professional Judgment to allow the student to file as independent Section 4 - Who is Not a Parent

  47. Section 4 – Parents’ Marital Status • Report your parents’ marital status as of today • Married or remarried • Single • Divorced or separated • Widowed • Depending on your parents’ answer to this question, they might be asked about the date of their marital status

  48. Section 4 - Parent Information • If the student is providing father’s/stepfather’s and/or mother’s/stepmother’s information, the student will need those parents’: • Social Security Numbers • Last names and first initials • Dates of birth

  49. Provide a parent e-mail address that will be valid at least until the student starts college If a parent provides an e-mail address, the FAFSA processor will let them know the student’s FAFSA has been processed Section 4 - Parent E-mail Address 49

  50. Section 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 7/1/12 through 6/30/13, and if the parents provide more than half their support now, and will continue to provide support from 7/1/12 through 6/30/13

More Related