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Applying for Financial Aid 2009-2010

Applying for Financial Aid 2009-2010

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Applying for Financial Aid 2009-2010

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  1. Applying for Financial Aid 2009-2010

  2. 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

  3. 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

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

  5. Cal Grants • 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

  6. Eligibility for Cal Grants • 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 in 2009-2010 at least half-time

  7. Residency and Cal Grant Eligibility for 2009-2010 • 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 March 2, 2009, or • student has lived in California with other legal California residents, other than parents, for two years immediately prior toMarch 2, 2009, or • parents in the Armed Forces are stationed in California on active duty 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 March 2, 2009.

  8. Check with your high school or college counselor for more details on how to file the Cal Grant GPA Verification Form 2009-2010 Cal Grant Application Requirements • By March 2, 2009, complete and submit: Free Application for Federal Student Aid (FAFSA) Cal Grant GPA Verification Form

  9. 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, 2009 • To apply, the foster youth must complete: • 2009-2010 FAFSA • California Chafee Grant Program Application To learn more about the Chafee Grant, go to: www.chafee.csac.ca.gov

  10. Need-Based Grants • Federal Grants • Pell Grants • $ 4,731 maximum per year • Academic Competitiveness Grants • $750 for the first year • $1,300 for the second year • Supplemental Educational Opportunity Grants (SEOG) • $4,000 maximum per year

  11. Need-Based Grants • Community College Board of Governors’ (BOG) Fee Waiver • Waives the California Community Colleges’ enrollment fee for financially needy California residents • To learn more about this BOG Fee Waiver, go to www.icanaffordcollege.com • CSU State University Grant (SUG) – amounts vary • UC Grant – amounts vary • Independent College Grants - amounts vary

  12. Types of Applications FAFSA • 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 • 2008 federal tax returns (along with schedules and W-2s) or other income documentation 12

  13. FAFSA Information & Tips • File early, but no later than March 2, 2009 • Use estimated 2008 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

  14. Federal PIN • PIN (Personal Identification Number) serves as the electronic signature on ED documents • Both student and at least 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 hours Apply for student and parent PINs TODAY at: www.pin.ed.gov

  15. Getting Ready • Before starting the FAFSA, gather: • Student driver’s license • Student Alien Registration Card • Student and Parent • Social Security cards • 2008 W-2 Forms and other records of money earned • 2008 federal income tax form (even if not completed) • Records of untaxed income • Current bank statements • Business, farm, and other real estate records • Records of stocks, bonds, and other investments Create a file for copies of all financial aid documents submitted

  16. The FOTW WorksheetA Five Section Form Section 1 – is about the student Section 2 – determines student dependency status Section 3 – collects parental information for dependent students Section 4 – collects student finances and information about the independent student Section 5 – allows students to list up to ten schools to receive information from the FAFSA

  17. Section 1(page 2)STUDENT INFORMATION

  18. Section 1 Your Last Name Jones • The FOTW will ask for the student’s first and last name as well as a middle initial • Make sure to report the student’s name exactly as it appears on the student’s Social Security Card

  19. Section 1Your Social Security Number 123 4 5 6 7 8 9 Double check your Social Security Number when entering it on the FOTW. Both your name and Social Security Number will be compared through a database match.

  20. 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 Eligible noncitizens with I-94 If neither a citizen or eligible noncitizen, you are ineligible for federal/state aid, but might still be eligible for institutional funds Section 1 Citizenship Status

  21. Section 1 Alien Registration Number 0 1 2 3 4 5 6 7 8 If eligible noncitizen, write in your eight- or nine-digit Alien Registration Number (ARN) • Precede an eight digit ARN with a zero • Copy of Permanent Registration Card might be requested by the financial aid office

  22. Section 1 Citizenship Status NOTE: if you are undocumented • if you are applying to any California public college or university, check to see if you might be eligible for in-state tuition costs • check with colleges and universities to see if institutional financial aid is available • apply for all private scholarships for which you may be eligible • watch for changes in federal and state laws regarding the eligibility of undocumented or under-documented students • 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 • www.latinocollegedollars.org

  23. Section 1 Your State of Legal Residence CA • Residency relates to your permanent home state • if you are dependent, the state of legal residence is usually the state in which your custodial parents live • State of legal residence 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

  24. Section 1Selective Service Registration • Male students who are 18 years of age or older 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. You may also register by going to: www.sss.gov

  25. Section 1Federal Student Aid Question • Answer “No” if you have never received federal student grants, federal student loans or federal work-study • You should also answer “No” if you have never attended college. If you answer “No” to this question, skip question 23

  26. Answer “Yes” if you have been convicted of possessing or selling illegal drugs while you were receiving federal student financial aid Answer “No” if: You have no drug-related convictions of any kind but simply received student financial aid while a college student Conviction was for alcohol or tobacco Conviction was removed from your record or occurred before age 18 (unless tried as an adult) Section 1Drug Conviction Question 26

  27. Section 1Parents’ Educational Level Indicate highest level of schooling completedby your biological or adoptive parents (for state award purposes only) • Use birth parents or adoptive parents - not stepparents or foster parents • This definition of parents is unique to these two questions

  28. Section 1Degree Objective Indicate your most immediate degree or certificate objective for 2009-2010

  29. Section 1Your Expected Enrollment Status at the Start of the 2009-2010 Academic Year • Report your enrollment plans for the college you are most likely to attend • If unsure, report “Full-time”

  30. Section 1Work-Study and Student Loans If you are interested in either work-study (student employment) or student loans, or both, mark the appropriate box • Indicating interest does not obligate you to either work or borrow, nor will it cause you to lose grants and scholarships • Answering “neither” may restrict some options for limited work-study or loan funds

  31. Section 2(page 3)STUDENT DEPENDENCY STATUS

  32. Section 2 Determination of Student Dependency Status

  33. Section 2 Determination of Student Dependency Status 33

  34. Section 2 Determination of Student Dependency Status • If you answer “no” to all questions in this section, go to Section 3. For FAFSA filing purposes, you are considered a dependent student and are required to provide parental information • If you answer “yes” to any question in this section, skip Section 3 and go to Section 4. You are considered an independent student for FAFSA filing purposes and are NOT required to provide parental information

  35. Section 3(page 4)PARENTALINFORMATION

  36. Section 3Parental Information See Page 4 of FAFSA on the Web Worksheet about who is considered a parent • Biological or adoptive parent(s) • Stepparent (regardless of any prenuptial agreements)

  37. Section 3 Parental Information • Do not provide information on: • Foster parents • If the student is in foster care, he/she is automatically considered an independent student • Legal guardians or grandparents or other relatives • The student must attempt to get biological parental information • Colleges may use Professional Judgment to allow the student to file as independent

  38. , $ 0 , $ 2 (no cents) 1 3 5 6 Section 3Parental Information • 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 2008 federal tax return, use W-2 forms and/or other employment records to estimate total income

  39. Section 3 Parents’ Marital Status as of Today Month and Year Your Parents were Married, Separated, Divorced, or Widowed MM YYY Y

  40. Section 3 Parent E-Mail Address PJONES@YAHOO.COM • Fill in your parents’ e-mail address that will be valid at least until you start college • If you provide your parents’ email address, the FAFSA processor will let them know your FAFSA has been processed

  41. Section 3Father’s and Mother’s SSN, Last Name, and Dates of Birth 234 56 789 0 JONES 0 5 0 31 9 5 9 000 00 000 0 PARKER NOTE: Provide this information for yourparent(s) who complete Section 3 of the worksheet 0 7 1 91 9 6 0

  42. Section 3Parents’ State of Legal Residence CA MMY Y Y Y • Indicate the two-digit state code for your parents’ permanent address • Leave question 74 blank if at least one of your parents whose information is used on this form began living in the state before January 1, 2004

  43. Section 3Parents’ Tax Return Filing Status for 2008 • Indicate your parents’ current tax filing status for 2008 • Which tax return did or will your parents file for 2008? • Even if your parent(s) did not file a 1040A or 1040EZ, read the instructions to see if they would have been eligible to do so • The FOTW Web site will ask if your parents have completed their 2008 tax return

  44. Section 3Parents’ Household 2008 Federal Benefits Indicate if you, your parents, or anyone in your parents’ household received benefits in 2008 from any of the federal programs listed

  45. Section 3Parent 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 45

  46. Section 3Parent 2008 Adjusted Gross Income 45,250 • If your parents have not yet filed their 2008 federal tax return information, it is fine to estimate information for these questions • If your parents have completed their 2008 federal tax return, use 2008 tax return information to complete this item. Pay attention to specific line-items on 2008 federal tax return, if completed Reminder: If the answer is zero or the question does not apply, enter 0

  47. Section 3Money Earned from Work by Parent(s) in 2008 45,250 40,500 Use W-2 forms and other records to list all income in 2008 earned from work (including income earned from self-employment)

  48. Section 3Parents’ Income Tax Paid in 2008 2,130 • What was the amount your parents paid in income tax for 2008? • Use U.S. Income tax paid (or to be paid) • not the amount withheld from your parents’ paychecks

  49. Section 3Parents’ 2008 Tax Exemptions 05 • Enter your parents’ exemptions for 2008 Exemptions can be found on their IRS tax return • Be sure to include all persons being claimed on your parents’ 2008 federal tax return, regardless of whether they are included in your parents’ household size question

  50. Section 3Parents’ Household Information for 2009-10 05 • Include in your parents’ household: • yourself • your parent(s) • your parents’ other dependent children, if your parents provide more than half their support or the children could answer “no” to every question in Section 2, regardless of where they live • other people, if they now live with your parents and will continue to do so from 7/1/09 through 6/30/10, and if your parents provide more than half their support now, and will continue to provide support from 7/1/09 through 6/30/10