1. Financial Aid Overview 2015-16 Office of Student Financial Assistance 1

2. Agenda  What is financial aid?  Where can students find financial aid?  Where can I find training?  Who can help me? FSCA 2015 2

3. What is financial aid?  Monies received from federal, state, institutional or private resources  Monies are categorized as:  Gift aid  Self help  Need-based  Merit-based  Can cover direct or indirect costs FSCA 2015 3

4. College costs  Public 2-year college (tuition and fees, in-state) - $3,131  Public 4-year college (tuition and fees, in-state) - $8,655  Public 4-year college (tuition and fees, out of state) - $21,706  Private 4-year college (tuition and fees) - $29,056 FSCA 2015 4 Source: bigfuture by The College Boardbigfuture

5. Main Sources of Aid  Federal  State  Institutional  Local FSCA 2015 5 www.fafsa.gov

6. Free Application for FEDERAL Student Aid (FAFSA)  Largest source of student aid; distributed and processed by the U.S. Department of Education  Manual or electronic options  Opens January 2016*  Must be completed ANNUALLY  IRS Data Retrieval Tool available *NEW legislation: October 2016 date Prior-Prior Year Tax Returns FSCA 2015 6 www.fafsa.gov

7. FAFSA FSCA 2015 7 Help

8. Additional info  Contact institution to determine award process  Contact institution for special circumstances or professional judgment needs  Contact institution to determine what other types of aid applications are available  Use student loans as a LAST RESORT FSCA 2015 8

9. Florida Financial Aid Application (FFAA)  FFAA opens December 1 of the senior year  Apply early - must be completed prior to HS graduation date  One application is used for multiple programs, not just the Florida Bright Futures Scholarship Program  Must log-in to check status, online notifications and award history FSCA 2015 9 www.floridastudentfinancialaid.org

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13. Grants  Access to Better Learning and Education (ABLE)  Florida Resident Access (FRAG)  Florida Student Assistance (FSAG)  Jose Marti Scholarship Challenge (JM) FSCA 2015 13

14. Scholarships  Bright Futures (BF)  Student Handbook Student Handbook  Chart of Eligibility and Award Criteria Chart of Eligibility and Award Criteria  Florida Incentive (FIS)  Mary McLeod Bethune (MMB)  Rosewood Family (RFS)  Scholarships for Children and Spouses of Deceased or Disabled Veterans (CSDDV) FSCA 2015 14

15. Other  First Generation Matching Grant (FGMG)  Florida Fund for Minority Teachers (FFMT)  Florida Work Experience Program (FWEP) FSCA 2015 15 Money for College - 2014-15 Florida Scholarships and Grants2014-15 Florida Scholarships and Grants

16. 15/16 award amounts  ABLE $1,500 annually  BF (FAS) $52 to $103 per CH  BF (FMS) $39 to $77 per CH  BF (GSV)$39 to $48 per CH  CSDDV tuition and registration fees publicannually flat rate (private)  FGMG determined by needannually  FFMT up to $4,000annually  FIS COA less BF/NMS awardsannually  FRAG $3,000annually  FSAG $2,610 max to $200 minannually  FWEP determined by needannually  JM$2,000annually  MMB $3,000annually  RFS tuition & fees up to $6,100annually FSCA 2015 16

17. Fastweb  1.5 million scholarships worth more than 3 billion dollars  Targeted search  Other resources  College search  Career planning  And more! FSCA 2015 17 www.fastweb.com

18. Other  www.finaid.org www.finaid.org  High School or School District  Protect yourself from scams  Report to www.ftc.govwww.ftc.gov FSCA 2015 18

19. Education credits  Education tax credits (i.e., American Opportunity and Lifetime Learning Credits) can offset the costs of education  Subtracted in full from the federal income tax, not just deducted from taxable income FSCA 2015 19

20. Resources to Help You  Florida Shines  National Training for Counselors & Mentors (NT4CM)  Mapping Your Future (MYF)  Navigating Your Financial Future (NyFF)  Regional Outreach Representatives FSCA 2015 20 www.floridashines.org

21. FloridaShines.org  FloridaShines.org is Florida's official online student advising system that can assist high school students, college students, parents, and even counselors to help plan and track educational progress in Florida  Bright Futures Scholarship Eligibility Evaluation FSCA 2015 21 www.floridashines.org

22. FloridaShines.org FSCA 2015 22

23. National Training for Counselors and Mentors (NT4CM)  In depth financial aid training  Includes topics such as - Dependency Status, Advising Undocumented Students, Expected Family Contribution  Offered at several locations in November  Certificate of Completion  REGISTRATION:  www.osfaffelp.org/osfatraining/ www.osfaffelp.org/osfatraining/ FSCA 2015 23

24. MYF  Mapping Your Future is a non-profit organization dedicated to combining person-to-person financial counseling with online resources to help students plan for the future  College preparation  School selection  Career exploration  Money management FSCA 2015 24 www.mappingyourfuture.org

25. Navigating Your Financial Future (NyFF)  Financing higher education  AUDIO Presentation online  Print materials available  Managing day-to-day money  Career planning  School/Life management FSCA 2015 25 www.navigatingyourfuture.org

26. Additional Assistance  OSFA Regional Outreach Representatives  Presentations (Financial Aid nights)  FAFSA Labs  Guidance on policy, financial aid  Postsecondary financial aid resources/contacts  Individual counseling for students FSCA 2015 26 www.navigatingyourfuture.org

27. Contact Us  E-mail: osfa@fldoe.orgosfa@fldoe.org  Telephone: 1-888-827-2004  OSFA Outreach Team  www.NavigatingYourFinancialFuture.org/ContactUs.aspx www.NavigatingYourFinancialFuture.org/ContactUs.aspx FSCA 2015 27