2 Financial Aid TypesGrants are money you don’t have to repay, typically based on financial need.Scholarships are free money, usually based on your area of study or merit.Work-study or student employment programs—federal and college.Loans are borrowed money that you must pay back, usually with interest.
3 Basic Steps to Financial Aid Prepare for collegeApply for financial aidPay for collegeManage your money
4 GRANTS Cal Grants Federal Pell Grant Cal Grant A: up to $12,192Cal Grant B: up to $1,551 first year, up to $13,743 thereafterCal Grant C: up to $3,168Middle Class GrantFederal Pell GrantUp to $5,550 a yearFederal Supplemental Educational Opportunity GrantUp to $4,000 a yearFederal TEACH Grant
5 Special Programs Fee waivers and other college-based programs See your college financial aid officeWork-studyFederal work-studyCollege work-studyStudent employment programs
6 FAFSA STEPSGet a Personal Identification Number (PIN) for both the student and at least one parentSign up for your PIN anytime atFAFSA application for the college year opens January 1st, 2013Complete the FAFSA by March 2nd, 2013Make sure the site you input data to ends in .gov
7 www.pin.ed.gov Get your PIN Why use a PIN? Who can apply? Sign FAFSA electronicallyAccess your FSA records onlineMake correctionsWho can apply?StudentsParents
8 Using the PIN Website www.pin.ed.gov REQUIREMENTS:Social Security numberNameDate of birthAddressaddress (encouraged)Challenge question responseA PIN will be issued upon submitting the request.Note: A PIN will be rejected if there is no Social Security Administration match.ALLOWS THE FOLLOWING:Apply for a PINCheck PIN statusRequest a duplicate PINAccess/Update address and personal informationChange PINDisable, reestablish, activate PINNote: Never ask for or give your PIN to anyone.
9 www.fafsa.gov FAFSA on the Web (FOTW) Using FOTW Ask Questions Browse HelpDeadlinesAnnouncements…and more
10 www.fafsa.gov FAFSA on the Web (FOTW) Contact Us Live “chat” (800)
13 Make sure the site you input data to ends in .gov
14 FAFSA 7 Steps The Student School Selection Student’s Dependency Status Parent Information for Dependent StudentsStudent Income / AssetsSignatures and CertificationConfirmation
15 Step 1: Student Demographics Check for:Name matches student social security cardTransposed numbersIncorrect data on numeric fieldsTip: Use the Help & Hints section on each page.Simple mistakes can delay determining eligibility for aid
16 Step 1: Student Demographics Students with a high school diploma and who have never attended college must:Identify their high schoolSelect Confirm to find a match.Select the school from the list or select Next to continue.
17 Step 2: School Selection Add a SchoolFederal School CodeSearch by:StateCityNameHousing PlansOn campusWith parentOff campus
18 NET PRICE CALCULATORCongress passed a law requiring all colleges to offer a “net price calculator” on their websitesAllows prospective students to figure out how much it will cost them to go to collegeCompare net price of one school to another school
19 Step 3: Dependency Determination “No” to all questions:Makes the student “dependent”Must submit parent informationNote: child must be supported financially—more than 50%
20 Foster CareSelect Yes if at any time since the student turned age 13, he/she was in foster care even if no longer in foster care today due to:AdoptionReunificationReached the age of majority (18 yrs.)Note: documentation may be required.
21 Emancipated Minors Select Yes if the student: as of today, is an emancipated minor orwas an emancipated minor immediately before turning 18 years old.Note: Documentation issued from a court in the student’s state of legal residence may be required.
23 Homeless, Unaccompanied Youth Select Yes if any time after July 1, 2013, the student meets all three criteria:“Homeless” or “at risk of being homeless”Lacking fixed, regular and adequate housing. Includes living in shelters, motels, cars, or temporarily living with other people because you had nowhere else to go.“Unaccompanied”Not living in the physical custody of a parent or guardian“Youth”21 years or youngerStill enrolled in high school at the time the FAFSA is completed
24 Homeless, Unaccompanied Youth A student is eligible for homeless youth status if he/she meets the homeless definition and was determined to be homeless by his/her high school or school district homeless liaison, the director of a runaway or homeless youth center, or HUDStudents who meet this criteria are independentA student is also eligible for homeless youth status if he/she meets the homeless definition, but was determined to be homeless by the financial aid office;Students who meet this criteria can use FAFSA on the Web to self-identify.
25 Step 4: Parent Information Parents must answer both demographic and financial information to determineCustodial parent(s)Ability to contribute to student’s education expenses
26 Divorced or SeparatedProvide parent’s information for the parent(s) with whom the student lived with most during the last 12 monthsIf the student spent equal time with both parents, use the information for the parent who provided the greatest amount of financial support for the student
27 Remarried Parent Agreement of “nonsupport” Prenuptial agreement Provide information about the parent and stepparent regardless of:Agreement of “nonsupport”Prenuptial agreementDivorce decree designating tax filing exemptionsNote: parent claiming the student on the tax return need not be the parent required to provide data on the FAFSA
28 Parent Information Do not provide parent information for Foster parent(s)Student is automatically considered an independent studentGrandparents, other relatives or legal guardian(s)Colleges may use professional judgment to allow the student to file as an independent student
29 Parent Information For Upcoming Year Household Size: Parent provides more than 50% financial supportNumber in College: Student enrolled at least half-time
30 Parent Information Definition of a Dislocated Worker Lost job Laid off Self-employed/ unemployed or underemployedDisplaced homemaker
31 Parent Income and Asset Information Same questions asked of studentsSelecting a box displays additional fields to complete
32 Parent Income and Asset Information Question displays if the student:Is not eligible for an automatic zero EFC or simplified needs calculation, andReports a state of legal residence that allows students to skip income and asset questions
33 Step 5: Student 2013 Income and Assets IRS Data TransferTransfer information directly from the IRSRequires PINAvailable January 31stAfter filing tax return
34 Income Reporting and Verification Selected students and parents must submit income and asset documentationUsing IRS Data Transfer (unchanged) meets verification requirements for some income informationOtherwise only an IRS Tax Return Transcript will meet verification requirementsID Theft updates
35 Student Income and Assets Adjusted Gross Income (AGI)Amount earned from workTaxes paidExemptionsCash/InvestmentsAsset Threshold
36 Step 5: Student Financial Information Students are asked the same questions as parents.
37 Step 6a: Student Sign and Submit Select Signature MethodPIN or printed signature pageTerms of Agreement$$$ for education expenses onlyNot in default on a federal student loanNot owe moneyReceive one Pell Grant from one college at a time
38 Step 6b: Parent Sign and Submit Select Signature MethodPIN or printed signature pageTerms of AgreementProvide documents to verify accuracy of informationIRS verification
40 Student Aid Report (SAR) Received electronically or by mail,Summarizes FAFSA informationDisplays the EFC and DRN (upper right-hand portion on the SAR)EFC- Expected Family Contribution; used to determine eligibility for federal aidDRN- Data Release Number; used to send SAR to additional schools
41 www.csac.ca.gov Cal Grants Overview Find out if the school you want to attend qualifies for Cal Grants
45 Low to middle income students who: Cal Grant ALow to middle income students who:Meet the income and asset ceilingsHave financial need3.00 High School GPA minimumAA and BA programs onlyMaximum annual award amountsUsed for tuition and/or fees onlyHeld in reserve while attending community collegeCSUUCIndependentFor Profit$ 5,970/yr$ 12192/yr$ 9,084/yr$4,000/yr
46 Cal Grant B Very low income students who: 2.00 GPA minimum Meet the income and asset ceilings2.00 GPA minimumAA, BA/BS and Certificate programsAnnual Awards$1473 stipend first yearFees/Tuition plus $1473 in 2nd, 3rd, 4th yrAvailable as Entitlement & Competitive Awards
47 Cal Grant C Low and Middle income students who: Enroll in vocational courses of studyAA and Certificate programs onlyCan be used for any school expenses including tuition and feesEligibility determined only after full Cal Grant A and B consideration
48 Cal Grant C Priority now given based on Occupational Goal Meeting 2 of the 3: High employment need, High employment growth, and High wage
49 Cal Grant Renewal Eligibility Renewal participants must meet income and asset ceilings.Students must meet satisfactory academic progress standard of school
51 Cal Grant High School Entitlement Make sure to include the high school name on the FAFSACSAC can then match between GPA and FAFSA informationHigh School Graduation Confirmation *Required*Students can confirm on-line using WebGrants for StudentsSchools & school districts can assist to provide post-graduation confirmation of HS graduationStudents needing to mail use the High School Graduation Confirmation form, HS transcripts or other authoritative documents
52 Student Notifications Recipients that submit a FAFSA & GPA will receive a California Aid Report (CAR) viaE-CAR indicates Cal Grant eligibilitySent as early as JanuaryLetter notification will be sent if no addressMark these addresses as not junk:
53 California Aid Programs UC Student AidAverage grant $14,000State University GrantFull systemwide feesCalifornia Chafee GrantUp to $5,000 a yearChild Development GrantUp to $2,000 a yearCalifornia National Guard Education Assistance Award$1,551 - $12,192Law Enforcement Personnel Dependents GrantUp to $13,743 a year
54 Student Notifications Applicants should access WebGrants for Students (WGS)Use WGS to track awards, GPA and FAFSA Submission
56 WebGrants for Students (WGS) WGS is a CSAC web-based application for students that provides:Secure, 24/7, student-friendly access to manage their Cal Grant and Chafee Grant awardLinks to other related financial aid sitesempowers students with critical financial aid information to ensure successful processing of grant application & maintenance of their award statusThe WGS URL is
57 Cash For College Workshop RVHS has applied to host a Cash For College Workshop for January or February 2014 The date will be announced if we are selected. If not selected we will hold a “hands on” FAFSA workshop in the RVHS computer lab so that parents and students have personal assistance submitting their FAFSA application online.
58 Thank you for attending Loretta Abbott, MSW, PPSCx1232