Details and Reminders
• Do-it-yourself vs. private agencies
• FAFSA vs. Dream Act
• Your “voice” vs. Student’s on FAFSA
and other college stuff
• The proper school year! (2014-15)
• Be organized—this is a yearly process
• Cal Grant: March 2** • FAFSA as late as
summer
• Private college
deadlines
• May 1 and Intent to Enroll • Housing deadlines
Timelines and Deadlines
1) 2013 Taxes
2) FAFSA (IRS Data Transfer*) 3) Weigh financial aid offers
from colleges accepting your child
4) Tax transcript requested* 5) Accept and/or Deny aid
offers
6) Complete loan promissory notes (if chosen)
CSS Profile
• Some colleges also require you to
complete the CSS Profile to award their
private scholarship financial aid
• The Profile is not free ($25*) and is only
available at College Board.
• Observe the deadlines determined by the
college financial aid department.
Cal Grant A
Low to middle income students who:
•Meet the income and asset ceilings •Have financial need
3.00 High School GPA minimum
AA and BA programs only
Maximum annual award amounts
•Used for tuition and/or fees only
•Held in reserve while attending community college
CSU UC Independent For Profit
$ 5,470/yr $ 12192/yr $ 9,084/yr $4,000/yr
Cal Grant B
Very low income students who:
• Meet the income and asset ceilings
2.00 GPA minimum
AA, BA/BS and Certificate programs
Annual Awards
• $1473 stipend first year
• Fees/Tuition plus $1473 in 2nd, 3rd, 4th yr
• Available as Entitlement & Competitive Awards
Cal Grant C
• Vocational courses, AA and certificate
programs
• Can be used for any related expenses
Automotive Service Technicians and Mechanics
Licensed Practical and Licensed Vocational Nurses
Carpenters Medical Secretaries
Computer Specialists, All Other Paralegals and Legal Assistants
Computer Support Specialists Police and Sheriff's Patrol Officers Cooks, Restaurant Preschool Teachers, Except Special
Education
Fire Fighters Registered Nurses Fitness Trainers and Aerobics
Instructors
Cal Grant Income/Asset Ceilings
Dependent students
Independent Students
9 Family Size Six or more 101,000 55,500 Five 93,700 51,400 Four 87,400 45,900 Three 80,400 41,300 Two 78,500 36,700 Single, No Dependents 32,000 32,000 Married, no other dependents 36,700 36,700How do we apply
for a Cal Grant?
• 1. FAFSA
• 2. GPA Verification Form:
– We (Paraclete Counselors) have already
gathered and submitted this form for ALL
Seniors.
You don’t need to do ANYTHING
.
Application & Processing
www.fafsa.gov
Worksheet:
2014-2015 Application Processing
Personal Identification Number (PIN)
Access the PIN Website
Why use a PIN?
• Sign FAFSA electronically
• Access your FSA records online
• Make corrections
Who can apply?
• Students • Parents
Using the PIN website
Requirements: Allows the following PIN actions:
• Social Security number • Name
• Date of birth • Address
• Email address (encouraged) • Challenge question response
A PIN will be issued upon submitting the request.
Note: A PIN will be rejected if
there is no Social Security Administration match.
• Apply for a PIN
• Check PIN status
• Request a duplicate PIN
• Access/Update email address and personal information
• Change PIN
• Disable, reestablish, activate PIN
Note: Never ask for or give your
PIN to anyone.
Student Aid Report (SAR)
• Received electronically or by mail, • Summarizes FAFSA information
• Displays the EFC and DRN (upper right-hand portion on the SAR)
EFC- Expected Family Contribution; used to determine
eligibility for federal aid
DRN- Data Release Number; used to send SAR to
additional schools
Student Aid Report (SAR)
• Electronically within 3-5 days if submitted online with a valid email address
• Electronically within 2 weeks if a paper FAFSA was submitted with a valid email address
o online filers get an email from “Federal Student Aid”
with subject “FAFSA Results…”
• Postal mail within 3 weeks if the FAFSA was submitted without a valid email address
Review: EFC and college costs
*College costs – EFC = financial aid need
Example
UC: $30K – 10K = 20 K financial aid package
CSU: $18K – 10K = 8 K financial aid package
Private: $40K – 10K = 30 K financial aid package
financial aid package: scholarships, grants, loans
Financial aid packages
• You can accept or reject any offers of aid
(loans)
• You don’t have to accept loans immediately
at time of “intent to register”
• See Funding Future resource for
descriptions of loans and grants, etc.
• College Cost Estimates are all-inclusive and
on the high side
• See the Net Price Calculator for each
school
Scholarships
• Must be reported to the university, which
may reduce the institutional aid by the same
amount
• Fastweb.com
FAFSA on the Web (FOTW)
Using FOTW
• Ask Questions
• Browse Help
• Deadlines
• Announcements
…and more
www.fafsa.govFAFSA on the Web (FOTW)
Contact Us
• Live “chat”
• (800) 433-3243
• federalstudentaidc
ustomerservice@
ed.gov
FAFSA on the Web (FOTW)
Getting Started:
• Guidance • PIN Status 2013-2014 2013 2014Step 1:
Student Demographics
Check for:• Name matches student social security card
• Transposed numbers • Incorrect data on
numeric fields
Tip: Use the Help & Hints
section on each page.
Simple mistakes can delay determining eligibility for aid
Student Demographics
Students with a high school diploma and who have
never attended college must:
• Identify their high school • Select Confirm to find a
match.
• Select the school from the list or select Next to continue.
Step 2:
School Selection
Add a School
• Federal School Code • Search by: o State o City o Name Housing Plans • On campus • With parent • Off campus
Step 3:
Dependency Determination
“No” to all questions:
• makes the student “dependent”
• Must submit parent information
Note: child must be
supported financially— more than 50%
Step 4:
Parent Information Required for
Dependent Students
Divorced or Separated
• Provide parent’s information for the
parent(s) with whom the student lived with
most during the last 12 months
• If the student spent equal time with both
parents, use the information for the parent
who provided the greatest amount of
Remarried Parent
Provide information about the parent and
stepparent regardless of:
• Agreement of “nonsupport” • Prenuptial agreement
• Divorce decree designating tax filing exemptions
Note: parent claiming the student on the tax return need not
be the parent required to provide data on the FAFSA
Parent Information
Do not provide parent information for
• Foster parent(s)
o Student is automatically considered an independent student
• Grandparents, other relatives or legal
guardian(s)
o Colleges may use professional judgment to allow the student to file as an independent student
Parent Information
For upcoming year
• Household Size:
Parent provides more than 50% financial
support
• Number in College:
Student enrolled at least half-time
Parent Information
Dislocated Worker
• Lost job • Laid off
• Self-employed/ unemployed or underemployed • Displaced homemaker
Parent Income and Asset Information
• Same questions asked of students • Selecting a box displays additional fields to completeNote: Asset filtering
Step 5:
Student 2013 Income and Assets
IRS Data Transfer
• Transfer information directly from the IRS
o Requires PIN
o Available Feb 2nd
o After filing tax return
Income Reporting and Verification
Selected students and parents must submit
income and asset documentation
• Using IRS Data Transfer (unchanged) meets verification requirements for some income
information
• Otherwise only an IRS Tax Return Transcript will meet verification requirements
Student Financial Information
Students are asked the same questions as parents.
Step 6:
Student Sign and Submit
Select Signature Method • PIN or printed signature
page
Terms of Agreement
• $$$ for education expenses only
• Not in default on a federal student loan
• Not owe money
• Receive one Pell Grant from one college at a time
Parent Sign and Submit
Select Signature Method • PIN or printed signature
page
Terms of Agreement
• Provide documents to verify accuracy of information
