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FAFSA Overview

FAFSA Overview. Financial Aid 101 Andrea Cross, Saint Joseph’s College October 10, 2008. Agenda. The FAFSA Forecaster The FAFSA – paper, web What’s new for 2009-2010 The PIN Process The Student Aid Report Making Corrections FMI. The FAFSA Forecaster. Tool for juniors and earlier

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FAFSA Overview

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  1. FAFSA Overview Financial Aid 101 Andrea Cross, Saint Joseph’s College October 10, 2008

  2. Agenda • The FAFSA Forecaster • The FAFSA – paper, web • What’s new for 2009-2010 • The PIN Process • The Student Aid Report • Making Corrections • FMI

  3. The FAFSA Forecaster • Tool for juniors and earlier • Learn the EFC earlier • Reports federal eligibility • Can transfer information to actual FAFSA • Cautions

  4. What Has Changed? • Colors – green for student, purple for parent • Worksheet questions are incorporated into application • Dependency questions have been expanded

  5. More Changes • Some data elements have been deleted, e.g., earned income credit, untaxed SSB, welfare benefits, additional child tax credit. • Some data elements were added, e.g., questions re: TEACH, veterans benefits, and dislocated worker status.

  6. FAFSA Instructionsstudentaid.ed.gov/students/publications/completing_fafsa/index.htmlWill be updated for 2009-2010 soon. Completing the FAFSA Financial Aid from theU.S. Department of Education

  7. FAFSA Draft for 2009-2010

  8. Dependency Questions

  9. Ways to File the FAFSA

  10. The PIN Process • You can apply for a PIN while completing a FAFSA on the Web application, or you can go to the Federal Student Aid PIN Web site at www.pin.ed.gov to apply.

  11. The PIN Web Site

  12. Confirmation of the Real-Time PIN • Important Note A PIN that is selected or viewed instantly online or is sent to you in an e-mail is considered to be conditional until the information is verified with the Social Security Administration (1-3 days from the date you first apply). • Can sign the 2009-2010 FAFSA with it, but nothing else. Once verification is completed, applicant will be able to use the PIN for other purposes (such as correcting your SAR or accessing other Federal Student Aid Web sites).

  13. Signature Options • Using a PIN to sign the FAFSA electronically is by far the fastest and most reliable way. • However, you can print, sign and mail in a signature page, or provide signature(s) on the paper Student Aid Report (SAR).

  14. The Student Aid Report • If you provided an email address, your Student Aid Report will be sent electronically. • Otherwise, you will receive a paper copy. • Please review the SAR carefully.

  15. SAR Redesign • Front page simplified by creating two main sections • Application Status • Federal Student Aid Eligibility • Students informed if they have been selected for verification

  16. Student Aid Report – Draft 2009-2010

  17. SAR Checklist

  18. Corrections

  19. Making Corrections

  20. Making Corrections • Review the Student Aid Report • Make corrections • Update from completed tax returns • Be sure both parent and student sign the submission – either by PIN or paper

  21. For more information.... • Counselors & Mentors Handbook on Federal Student Aid - • Included in your participant binder

  22. FMI: Federal Student Aid on the Web

  23. FMI: FAMEwww.famemaine.com/education

  24. College Goal Sundaywww.collegegoalsundaymaine.com

  25. Questions?

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