Presentation on theme: "“FIXING YOUR FAFSA” Presented by: Jacquie Carroll March 19, 2013"— Presentation transcript:
1“FIXING YOUR FAFSA” Presented by: Jacquie Carroll March 19, 2013 Financial Aid“FIXING YOUR FAFSA”Presented by:Jacquie CarrollCA Association of Student Financial AidAdministrators, High School Relations CommitteeMarch 19, 2013
2No Financial Aid award letter. 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
3Page 7-8: Your Financial Aid History Student Aid ReportFrom the federal governmentPage 1: Introduction - lists the process & your EFC (Expected Family Contribution)Page 2-7: FAFSA Summary: Shows missing information or errorsPage 7: Graduation/Retention/Transfer RatesPage 7-8: Your Financial Aid History
4Your FAFSA needs corrections before it can be processed. Financial AidOn Page 1Look 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 FAFSAYour FAFSA needs corrections before it can be processed.
62013-14 Financial Aid Common Mistakes How To Correct The Information Left blank fieldsAnswer all questions shown on the FAFSAListed an incorrect social security numberHave your social security card on hand and compare it to the information entered on the FAFSADid not use full legal nameEnter your name as it appears on your social security card.Reporting adjusted gross income (AGI) as total income from workRefer to the appropriate line number on your federal tax return:1040- line 37; 1040A- line 21; 1040EZ- line 4Reporting income tax paidRefer to the appropriate line number on your federal tax return.1040- line 55; 1040A- line 35; 1040EZ- line 11Incorrectly filed income tax status as head of householdReview tax return filing status requirements, submit an amended return if necessary.
72013-14 Financial Aid Common Mistakes How To Correct The Information Listing marital status incorrectlyEnter the marital status as of the date you signed the FAFSAStudent not included in number in collegeAlways count yourself and others (expect parents) attending college at least half-time and in a program leading to a degree/certificateHave not registered with Selective ServiceMales must register with Selective ServiceCollege(s) were not listedReview the schools listed on your summary page and make any appropriate changesForgetting to sign and date the FAFSABe sure to use your PIN to electronically sign the FAFSA or print, sign, & mail a signature page
82013-14 Financial Aid What do you do now? It’s not too late! Get your Student Aid Report from the federal governmentGo back to your FAFSA atClick on FAFSA Follow UpClick on Make Corrections to a Processed FAFSA
9Financial AidFAFSA “Browse Help”: Correcting Your FAFSA
10Financial AidFAFSA “Browse Help”: Correcting Your FAFSA
15Financial AidUse PIN and create PASSWORD for FAFSA Corrections:
16Financial AidCorrection Entry: Messaging appears at top & throughout.
17Financial AidError ICON appears at top identifies errors:
18Financial AidInformation Icon indicates review is needed:
19Financial AidIRS icon for IRS data retrieval tool eligibility:
20WHY IS THE IRS DATA TOOL IMPORTANT? Financial AidWHY IS THE IRS DATA TOOL IMPORTANT?YOUR CAMPUS MAY ASK YOU TO VERIFY YOUR TAX DATA LISTED ON YOUR FAFSAIF YOU GET SELECTED, CHECK TO SEE IF YOU CAN USE THE IRS DATA TOOLIF NOT, YOU WILL HAVE TO REQUEST FROM THE IRS YOUR TAX RECORDS BY MAIL
21Financial AidList of Changes or Corrections to FAFSA:
22Financial AidMAKING A SCHOOL SELECTION CHANGE –INCLUDE A CALIFORNIA SCHOOL
24Financial AidCOMPARE SCHOOLS YOU SELECTED: GRAD RATES, NET PRICE, TRANSFER RATES….
25Or, ask your college counselor at school for help. Financial AidREMEMBER….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
262013-14 Financial Aid REMEMBER…. Make sure to review your changes E-sign with a PINSubmit and go back to check the status