1. Leon M. Goldstein High School for the Sciences

2. Michael Wotypka College Advisor (718) 368-8542 (718) 368-8555 MWotypk@schools.nyc.gov lmghs.org

3. TOPICS Who is eligible to apply for aid?
Who is considered a dependent student?
How much does college cost?
How and when to apply for financial aid?
Sources and types of financial aid
Resources for counselors and students

4. Eligible Students Citizen Eligible non-citizen
1. Permanent U.S. Resident with a permanent resident card
2. Conditional permanent resident or holder of I-94 with “Asylum Granted” or “Refuge”

5. Eligible Students If the student is not a: -citizen or
-eligible non-citizen
No federal aid is available
Student may be eligible for in-state tuition

6. In-State Tuition for Undocumented and Out of Status Students
Attended an approved New York State high school for two or more years, graduated and applied to attend CUNY or SUNY within five years of receiving NYS diploma
Attended an approved New York State program for the general education development diploma (GED) exam preparation, received the GED issued in NYS, and have applied to public institutions within the five years of receiving the NYS GED, or
Enrolled in a CUNY institution in the fall 2001 semester and was authorized to pay in-state tuition
STATEMENT OF INTENT- student must complete a statement of intent to legalize status

7. Resources for Undocumented Students
Scholarships:
Peter Vallone Scholarship- NYC student attending CUNY
Immigration Resources:
American Immigration Lawyers Association (AILA)
Immigration Daily
National Association of International Educators
US Department of Homeland Security
US Citizenship and Immigration Services

8. Dependent or Independent?
Born before January 1, 1986 (09-10)
Married on the day of application
Enrolled in master’s or doctoral degree program
Currently serving on active duty in the US Armed Forces
A Veteran of the US Armed Forces
Have children that receive more than half of their support from the application
Have other dependents

9. Dependent OR Independent? New
Dependent or ward of the court, in foster care, or both parents deceased after age 13
Emancipated minor as determined by the court
Legal guardian
Unaccompanied youth who was homeless
Unaccompanied youth who was homeless, self-supporting, and at risk of being homeless

10. How Much Does College Cost?
Cost of Attendance (COA) includes:
Tuition and Fees
Room and Board
Books and Supplies
Transportation
Miscellaneous personal expenses

11. How Much Does College Cost?
4 Year PRIVATE On-Campus Student
Tuition and Fees: $25, 021
Room and Board: $9,706
Books and Supplies: $962
Transportation: $618
Personal Expenses: $1,194
Total Budget: $37,501

12. How and When To Apply Collect information
Request a federal PIN:
Complete FAFSA online:
Complete TAP online
Watch for Student Aid Report (SAR)
Keep records
Contact the financial aid office

13. 1. Collect Information Student’s and parent’s SSN and DOB
Parent’s marital status
Tax returns for students and parents
W-2’s for student and parents
Records of untaxed income for student and parents (such as social security benefits, public assistance, etc.)
Bank, stock, real estate, and business records for student and parents
Student’s driver’s license number
Student’s alien registration number (for non US citizens)
PINS for student and one parents

14. 2. Request Federal PIN @ www.pin.ed.gov
Get a PIN number NOW for Each Student AND One Parent!
Information processed within 71 hours
Replaces mailing signatures

15. TIP Students can get a head state by using: www.FAFSA4caster.ed.gov
Increase student’s knowledge of the financial aid process and provide information about other sources of aid.
“FAFSA4caster Tip” appear throughout the site and provide students with information that will help make preparing for college and the financial aid process easier.
FAFSA4caster will transfer all of your data to the FAFSA on the Web application, making it a lot easier.

16. 3. Complete FAFSA @ www.fafsa.ed.gov

17. TIP
Why pay for advice on federal student aid? Information is free. Applying is free.
Beware of
Free advice is available from:
A high school counselor
A college financial aid administration
The Federal Student Aid Information Center at FED-AID (TTY: )

18. 4. Complete TAP Online!
Immediately after completing FAFSA online, from the FAFSA confirmation page, link to the TAP-on-the-Web (look for NY Residents)
Establish your TAP PIN: You may choose to use the same number as your federal PIN

19. What’s Next??? 5. Watch for SAR: Available in 7-10 days
6. Keep documents in a file
7. Contact the financial aid office

20. How and When To Apply? FILE EARLY!
Right after January 1st of the student’s senior year
Check “will file taxes”
Estimate financial information accurately
Questions? Call FEDAID ( ) or

21. How Is Financial Need Determined?
Estimated Family Contribution (EFC) is determined from:
Parents’ income and assets
-Primary home value excluded
Student’s income and assets
Size of family
-Age of parents
Number of children in college
COA minus EFS=Need

22. Sources and Types of Financial Aid
Federal
New York State
Private
Lenders
Gift Aid
-Scholarships
-Grants
Self-help aid
-Employment Opportunities
-Loans

23. Sources and Types of Financial Aid
Private Scholarship Search
-At your college of interest
-Free Internet scholarship searches - -
- Local library resources
- Local businesses and civic organizations (including professional associations) related to student’s field of interest
-Parents’ employer/union

24. Sources and Types of Financial Aid Major Grant Programs
PELL Grant
Must have EFC between $0-$4,041
Maximum annual award $4,731*
Minimum award $523
*scheduled to go up each year until
NYS TAP Grant
Dependent Undergraduate Students
-Award Range $500-$5,000
Independent Undergraduate Studies
-Award Range: $500-$3,025

25. Sources of Types of Financial Aid
Academic Competitiveness Grant
Pell recipient
Enrolled at least half-time first or second year student
”Rigorous high school program” graduate
Advanced or Honors Regents designations
Other rigorous program criteria
$750 first year, $1300 second year

26. Sources and Types of Financial Aid
SMART Grant
National Science and Mathematics Assess to Retain Talent
Pell recipient
For Juniors and Seniors enrolled at least half-time in a four year institution
Majoring in physical, life, or computer sciences, mathematics, technology, engineering, or in a foreign language that is critical to US national security
Have a minimum 3.0 GPA
$4000 per year

27. Sources and Types of Financial Aid
Federal Work Study
Based on financial need
On or Off-campus employment
Usually hours per week

28. Stafford Loans: Federal Family Educated Loans and Direct Loans
Subsidized
5.6% (09-10)
4.5% (10-11)
3.4% (11-12)
6.8% (12-13)
Based on need
Federal government pays interest while student is in school
$3500 for freshmen
Unsubsidized
6.8% fized interest
Not based on need
Student is responsible for interest while in school
Max loan cost of education minus financial aid
+$2000 for freshmen

29. Sources and Types of Aid
Perkins Loan
Need based
Low interest rate (5%)
Student pays no interest while in school
Max $5,500* per year
May be forgiven

30. Sources and Types of Financial Aid
Parents Loans for Undergraduate Students (PLUS):
For parents of dependent students
Borrow up to the entire cost of college less financial aid
No adverse credit (parent must pass credit check)
Time Payment Plans:
May vary…typically, families may spread the direct costs over the semester or year.

31. A Note on Borrowing Before you borrow: remember you must repay loans
The more money you borrow, the more money and the longer it will take you to repay your loan
To estimate your monthly payments go to:
You must file the FAFSA for all federal loans
Federal loans have lower interest rates than most private loans

32. 2008-09 TEACH Grant Up to $4000 per year
For students who intend to teach:
A high-need field
That serves students of low income
Four year service contract
More information:

33. The NYS Math and Science Teaching Incentive Program
Increase the number of math and science teachers
Bachelor and/or master degree level in exchange for agreeing to teach math or science for five years on a full-time basis at a secondary school
Award
The annual award for full-time study equals the annual tuition charged to NYS residents at a 4-year SUNY college
The maximum annual award is $4,350
4 years of full-time undergraduate study and one year of full-time graduate study leading to permanent certification as a secondary education teacher in mathematics or science

34. The NYS Math and Science Teaching Incentive Program
Eligibility:
Be a US Citizen or eligible non-citizen
Matriculate in an approved undergraduate or graduate program at a degree-granting institution that leads to a career as a math and science teacher in secondary education
Have a cumulative college grade point average (GPA) of 2.5 or higher
Not have a service obligation under another program
Not be in default on a student loan

35. Resources www.fsa4counselors.ed.gov www.collegegoalsundayny.com