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Orchard Park HS Financial Aid Presentation Daniel M. Tramuta Associate Vice President for Enrollment Services New York State Financial Aid Administrators.

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Presentation on theme: "Orchard Park HS Financial Aid Presentation Daniel M. Tramuta Associate Vice President for Enrollment Services New York State Financial Aid Administrators."— Presentation transcript:

1 Orchard Park HS Financial Aid Presentation Daniel M. Tramuta Associate Vice President for Enrollment Services New York State Financial Aid Administrators Association (NYSFAAA) - Past President SUNY Fredonia

2 Sources of Financial Assistance

3 How & When to Apply? Apply for Admission (Fall of Senior Year) Collect documents Request a federal PIN at Complete the CSS Profile (available as early as mid-October) Fill out the FAFSA on the Web Worksheet (Do Not Mail this Worksheet) (Dec.) Complete FAFSA online at in January 2014 (Estimate the income information). Required for Say Yes Scholarship eligibilitywww.fafsa.ed.gov Print the confirmation page Use the corresponding state scholarship link to apply for TAP Keep records

4 Complete the ‘FAFSA on the Web’ Worksheet

5 Collect Information Student’s and parent’s SSN and DOB Parent’s marital status Tax returns for student and parents W-2’s for student and parents Records of untaxed income for student and parents bank, stock, real estate, and business records for student and parents Student’s driver’s license number Student’s alien registration number (for non U.S citizens) PINs for student and one parent

6 6 Student & Parent can select the same PIN Get a PIN now!! Every student and parent needs one. The PIN replaces the need for having to mail in a signature page.

7 7 The on-line FAFSA allows students to list up to 10 colleges. The paper FAFSA allows only 4 colleges to be listed. File the FAFSA as soon as possible after January 1st of each school year.

8 SAY Yes Buffalo: Scholarships & Grants SAY YES Tuition Scholarship at SUNY funds covers tuition costs that remain after NYS TAP, federal Pell awards, and institutional awards are factored in. Tuition scholarships at SUNY schools are awarded to eligible students regardless of family income. SAY Yes Opportunity Grants at SUNY – for students living on- campus and who receive the maximum federal Pell Grant, SAY Yes may provide and additional grant of up to $2,000 annually that can be used towards non-tuition related expenses (madatory fees, room, food, & books)

9 Collect Information Student’s and parent’s SSN and DOB Parent’s marital status Tax returns for student and parents W-2’s for student and parents Records of untaxed income for student and parents bank, stock, real estate, and business records for student and parents Student’s driver’s license number Student’s alien registration number (for non U.S citizens) PINs for student and one parent

10 CSS Profile

11 Important Steps for Filing the FAFSA Step One: Student Demographics  Name, social security number, birth date  Provide an address  Indicate gender  Males have the opportunity to enroll in Selective Service  For more information go to: Step Two: School Selection  Enter FAFSA codes – up to 10 colleges

12 Important Steps for Filing the FAFSA Step Three: Parent Demographics  Name, social security numbers, birth dates  Marital status If your parent does not have an SSN, enter 0’s or 9’s Step Four: Financial Information  If you have not filed your 2013 federal tax rturn, select “will file”  Use 2013 Estimated Income first, then follow up with IRS Data Retrieval process embedded within FAFSA

13 IRS Data Retrieval Process All FAFSA on the Web applicants and the parents of dependent applicants, who indicate that they have filed their federal tax returns prior to completing their FASFA, will be directed to use the FASFA-IRS Data-Retrieval process to complete their FASFA more easily and accurately. Applicants who choose not to use the FAFSA-IRS Data Retrieval process will be informed that they need to explain to their institutions why information they provided is more accurate than info that would have been obtained directly from the IRS. A tax transcript would then need to be requested from the IRS and sent to the school along with any other requested documentation – this will cause aid processing delays!!

14 IRS Data Retrieval

15 IRS Data Share Process

16 Enter your filing status and address information exactly as it appears on your tax return and press "submit." Information needs to match your 1040 precisely! For example, if on the address line of your 1040 you used “St.,” but you typed the word “Street” into this website, the IRS DRT will not locate your return.

17 IRS Data Retrieval/Share

18 IRS Data Share

19 Entering Info from W-2/Final Check Stub on FAFSA

20 FAFSA Confirmation Page Apply for TAP from the FAFSA confirmation page

21 21 After FAFSA is submitted on-line, establish your TAP PIN. You may choose to use the same number as your federal PIN. If you miss the TAP link from the FAFSA, go to hours after completing the FAFSA. Please be aware that the first school code listed on the FAFSA is automatically populated on the TAP application.

22 FREE help is available Make sure you are not paying for free information Know what you are getting for your money Need more information: FEDAID Should I pay someone to help me find or apply for student financial aid?

23 Financial Aid Award Letter

24 SMART TRACK Award Letter

25 William D. Ford Direct Loans Subsidized Stafford Loan  3.86%, capped at 8.25%  Based on need  Federal government pays interest while student is in school  $3,500 for freshmen Unsubsidized Stafford Loan  3.86%,capped at 8.25%  Not based on need  Student is responsible for interest while in school  Loan cannot exceed cost of education minus financial aid  $5,500 for freshmen 25

26 Smart Track Award Letter

27 Alternative Financing Options Options to Replace FAFSA Calculated EFC -Institutional/Private Payment Plan offered by the college -Federal Parent loan -Private 3 rd Party Alternative Loans -Military/National Service Benefits 27

28 FASTWEB.COM Fastweb recently matched you to these new scholarships! Apply today, so you don't miss out!new scholarships! That was easy–you didn't even have to search! Check out your new scholarships: Gen and Kelly Tanabe Scholarship (Amount: $1000) Log in to see the rest of your personalized scholarship matches: What do I do now? You're never going to win scholarships if you don't apply. Simply choose one of the scholarships on your matches list, read through the detailed info and click on the scholarship provider's website to find out how to apply. Why was I matched to these scholarships? We matched you to these scholarships because of the info you have in your profile. If these scholarships aren't what you had in mind, you have the power to make them better. Update your profile by filling out as much as possible and keep your info current. That way, we'll find better, more personalized scholarship matches for you. Gen and Kelly Tanabe Scholarship (Amount: $1000) matches listUpdate your profile

29 Appeals Based on Unusual Circumstances Loss of Income in 2013 vs Medical/Dental expenses NOT PAID by insurance Death, separation, divorce Time Fluctuation in Income Elementary/Secondary Private School Tuition Expenses Follow the procedures of the Financial Aid Office where student is attending. 29

30 SUNY Statewide Student Financial Aid Days January 25, 2014 & February 22, 2014  Ask questions about the financial aid application, types of aid and the award process  Some campuses will offer web access to complete FAFSA online  Register at in early December

31 Questions?


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