Presentation on theme: "The Free Application for Federal Student Aid www.fafsa.gov www.studentaid.gov."— Presentation transcript:
The Free Application for Federal Student Aid www.fafsa.gov www.studentaid.gov
Be aware of filing deadlines You will need to file your FAFSA by going to the “.gov” website. Many colleges will have deadlines before the posted Federal deadlines- check your college’s requirements ASAP! Some are as soon as Feb. 1 st, so make sure you file as soon as you can. Go to WWW.FAFSA.GOV to start. (not.com)WWW.FAFSA.GOV
The FAFSA is separate from the CSS Profile.FAFSA CSS Profile The CSS Profile is required by some private schools. Everyone should file the FAFSA; you only submit the CSS Profile if your school requires it. If required, the CSS Profile would have been listed under admissions requirements. You can also access a list of schools online.online CSS Profile deadlines may be different from FAFSA filing deadlines. The FAFSA is free, while the CSS Profile costs $$$
Pell Grant Aid depends on your financial need & the cost of attendance at your school. Unlike a loan, grants do not need to be repaid. Around 41% of students receive this type of aid. Max awarded for 2015-2016 will be around $5,800. Educational Opportunity Grant (FSEOG) Known as “Campus based aid,” awarded by individual schools based on financial need. Around 9% of students receive this type of aid. Range awarded is from $100 - $4,000.
For PA residents only Completed immediately after filing your FAFSA through the link on the submission page. OR go to WWW.PHEAA.ORG to submit after filing the FAFSA ( if you did not use the link and already filed your FAFSA ).WWW.PHEAA.ORG Max awarded will be around $4,000 for students attending approved in-state institutions.
Institutional Aid Private colleges and universities can offer need based aid separate from Federally funded grants/loans. Federal Direct Loans Up to $5,500 for the first year. No credit check required, generated through FAFSA completion. Repayment typically begins 6 months after graduation, unless deferred for graduate school.
Tool that allows most families to import information directly from the IRS into the FAFSA The DRT will be functional on Feb 2 nd. This means you can file your FAFSA now, and set it up to update after your parents file their 2014 taxes. You’ll need your parent’s 2013 tax return (or them, with it ) IRS data is available: 2 weeks from e-Filing Federal tax return 8 weeks from paper filing of Federal tax return
Scared of completing exhausting, tedious, and financially intrusive forms alone? Don’t worry… your counselors are here to help!
February 11 th at 6pm in the CB West Library For both students and parents who want assistance with filing the FAFSA. You & your parents will bring in either 2013 or 2014 tax returns and actually submit the FAFSA and PA State grant app online before you leave. A PHEAA representative will be on hand to answer questions as you complete the FAFSA online. Be sure to check your college filing deadlines and submit before the deadline. If you are able to file now, do not wait!