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2013-14 Financial Aid FIXING YOUR FAFSA Presented by: Jacquie Carroll CA Association of Student Financial Aid Administrators, High School Relations Committee.

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Presentation on theme: "2013-14 Financial Aid FIXING YOUR FAFSA Presented by: Jacquie Carroll CA Association of Student Financial Aid Administrators, High School Relations Committee."— Presentation transcript:

1 Financial Aid FIXING YOUR FAFSA Presented by: Jacquie Carroll CA Association of Student Financial Aid Administrators, High School Relations Committee March 19, 2013

2 Why fix your FAFSA? No Financial Aid award letter. Delays in Financial Aid awards. Find the from the federal government after you filed the FAFSA Financial Aid

3 Student Aid Report From the federal government Page 1: Introduction - lists the process & your EFC (Expected Family Contribution) Page 2-7: FAFSA Summary: Shows missing information or errors Page 7: Graduation/Retention/Transfer Rates Page 7-8: Your Financial Aid History Financial Aid

4 On Page 1 Look for the EFC (expected family contribution) field. The amount of yearly college costs that your family is expected to cover based on your economic situation. If the EFC field is BLANK, there are mistakes or missing information on your FAFSA Your FAFSA needs corrections before it can be processed.

5 Financial Aid YOUR Student Aid Report

6 Financial Aid Common MistakesHow To Correct The Information Left blank fieldsAnswer all questions shown on the FAFSA Listed an incorrect social security number Have your social security card on hand and compare it to the information entered on the FAFSA Did not use full legal nameEnter your name as it appears on your social security card. Reporting adjusted gross income (AGI) as total income from work Refer to the appropriate line number on your federal tax return: line 37; 1040A- line 21; 1040EZ- line 4 Reporting income tax paidRefer to the appropriate line number on your federal tax return line 55; 1040A- line 35; 1040EZ- line 11 Incorrectly filed income tax status as head of household Review tax return filing status requirements, submit an amended return if necessary.

7 Financial Aid Common MistakesHow To Correct The Information Listing marital status incorrectlyEnter the marital status as of the date you signed the FAFSA Student not included in number in college Always count yourself and others (expect parents) attending college at least half-time and in a program leading to a degree/certificate Have not registered with Selective Service Males must register with Selective Service College(s) were not listedReview the schools listed on your summary page and make any appropriate changes Forgetting to sign and date the FAFSABe sure to use your PIN to electronically sign the FAFSA or print, sign, & mail a signature page

8 Financial Aid What do you do now?Its not too late! Get your Student Aid Report from the federal government Go back to your FAFSA at Click on FAFSA Follow Up Click on Make Corrections to a Processed FAFSA

9 Financial Aid FAFSA Browse Help: Correcting Your FAFSA

10 Financial Aid FAFSA Browse Help: Correcting Your FAFSA

11 Financial Aid LOGIN first

12 Correction Help: Financial Aid

13 Shows FAFSA Corrections History and Who Submitted Corrections

14 Financial Aid View Correction History:

15 Financial Aid Use PIN and create PASSWORD for FAFSA Corrections:

16 Financial Aid Correction Entry: Messaging appears at top & throughout.

17 Financial Aid Error ICON appears at top identifies errors:

18 Financial Aid Information Icon indicates review is needed:

19 Financial Aid IRS icon for IRS data retrieval tool eligibility:

20 Financial Aid WHY IS THE IRS DATA TOOL IMPORTANT? YOUR CAMPUS MAY ASK YOU TO VERIFY YOUR TAX DATA LISTED ON YOUR FAFSA IF YOU GET SELECTED, CHECK TO SEE IF YOU CAN USE THE IRS DATA TOOL IF NOT, YOU WILL HAVE TO REQUEST FROM THE IRS YOUR TAX RECORDS BY MAIL

21 List of Changes or Corrections to FAFSA: Financial Aid

22 MAKING A SCHOOL SELECTION CHANGE – INCLUDE A CALIFORNIA SCHOOL

23 Financial Aid CONFIRMATION PAGE FROM YOUR FAFSA

24 Financial Aid COMPARE SCHOOLS YOU SELECTED: GRAD RATES, NET PRICE, TRANSFER RATES….

25 Financial Aid If you need help with FAFSA corrections, Sign in to CollegeWeekLive.com after school today. Open from 2-6 PM for live online help with your questions. Or, contact the financial aid office of the institution you have chosen to attend. Or, ask your college counselor at school for help. Or, call the Federal Student Aid hotline for more assistance on the FAFSA REMEMBER….

26 Financial Aid Make sure to review your changes E-sign with a PIN Submit and go back to check the status REMEMBER….

27 Financial Aid QUESTIONS & ANSWERS

28 Financial Aid Continue Your FAFSA


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