Gives you access to Federal Student Aid online systems Create a username and password to sign and access your FAFSA at Needed by student and parent Serves as your electronic signature

o o First word is ‘Free’ o Do NOT pay anyone to complete the FAFSA for you o Available January 1, 2016 & file before March 1 o A yearly requirement if you are interested in receiving most forms of financial aid

February 21, 2016 Over 20 locations in the state From 1pm-4pm Visit for more informationwww.cfwv.com

“FAFSA on the Web” Worksheets Provide student and parent information FAFSA uses skip logic Warnings & error messages Received date You can make corrections online Parent info can be transferred to other students

Social Security Number Parent information Untaxed income U.S. income taxes paid Household size & stepparents Number in postsecondary education FAFSA year Missing high school information Incorrect rank

If not available when you initially complete FAFSA, you can go back once taxes are done and update the FAFSA using the IRS Data Retrieval Process Available February for

o Student Aid Report (SAR) o Review it for accuracy o Corrections to FAFSA data may be made by using FAFSA on the Web ( o Expected Family Contribution (EFC) o Used to determine types of aid a student may be eligible to receive o Usually remains the same for each school

The U.S. Department of Education randomly selects students for the verification process Student must comply with institutional request for information Use either IRS Data Retrieval process, or must contact IRS to request a tax return transcript be sent at or by calling www.irs.gov

o Examples include, but not limited to: o Change in employment status o Reduction of income o Medical expenses not covered by insurance o Change in parent marital status

o The Student’s Budget for the Academic Year o Allowable Costs (Educational Expenses) o Tuition and Fees o Room and Board o Books and Supplies o Personal Expenses o Transportation Costs Other Costs: Study Abroad or a one-time computer purchase

Cost of Attendance (COA) minus Expected Family Contribution (EFC) equals Need $20,732 - $2,000 = $18,732 COA - EFC = Need In most cases, schools are not permitted to allow students to exceed the COA In most cases, schools are not permitted to allow students to exceed the COA

o Mandatory requirement for any school receiving federal student aid o Located either on the Financial Aid homepage or the Admission’s Office homepage o Data provided by you gives your estimated cost of attendance and estimated aid

o Federal Student Loans o Interest Rate = 4.29% o Maximum amounts: o $5,500 – Freshmen o $6,500 – Sophomores o $7,500 – Juniors/Seniors SubsidizedUnsubsidized Need-basedNot need-based Interest paid by federal government while enrolled at least ½ time Interest accrues while enrolled Repayment begins 6 months after the student graduates or drops below 6 hours

o Parent borrows on behalf of dependent undergrad student o Approval subject to credit check o Application at o Best to apply in May or June o Loan limits o Annual limit: cost of attendance less other aid o Aggregate limit: none o Interest rate fixed at 6.84% until July 1, 2016 o Loan fee of 4.272% o Repayment begins 60 days after final disbursement or 6 months after student drop below half-time if the parent chooses to defer the loan

o Federal Grants o Pell o EFC between O and 5,198 o Maximum award amount of $5,775 for year (based on cost of attendance and enrollment) o Supplemental Educational Opportunity (SEOG) o Limited funding o EFC determined by the school o TEACH o Criteria varies by institution o Can turn into an unsubsidized loan

o Must be a WV resident o Must file a FAFSA before April 15 th o Awards range from $2,200 to $2,600 depending on the EFC. o The student must enroll full-time at an approved institution and demonstrate need o Students must have a 2.0 high school GPA to be eligible o Students are limited to 8 semesters o Students must maintain a 2.0 GPA and earn 24 credits each year to renew

TYPE OF AIDCOA $20,000COA $32,000 PELL Grant$3780 WV Higher Ed. Grant$2500 Subsidized Loan$3500 Unsubsidized Loan$2000 Work-Study$1500 Scholarships$1000 Parent PLUS Loan$5720$17,720 Total Amount of Aid$20,000$32,000

Core Requirements o English – 4 credits o Mathematics – 4 credits o Social Sciences – 4 credits o Natural Sciences – 3 credits The core grade point average includes all core classes; grades are calculated using the county grading policy

3.0 GPA in the core and overall coursework 22 on the ACT (minimum of a 20 in each of the subject areas) or 1020 on the SAT (490 verbal & 480 Math) Writing sections NOT included Test scores must be attained from a single test date (no Super Scoring) June 4, 2016 last SAT date June 11, 2016 last ACT date

o Merit-based scholarship o March 1 application deadline o Application at o 3.0 overall GPA o Enrolled or accepted for enrollment full-time in an engineering, science or technology program (4-yr, 2-yr or certificate) o Maximum annual award amount is $3,000 o Requires student to work in the engineering, science or technology field in the State of WV one year for each year the scholarship is receive, otherwise the student must repay the award with interest

o Check with local businesses, alumni associations, churches, organizations, libraries, and of course your guidance counselor for local scholarships o Online scholarship searches: o o o o o

o Employment during school o Job may be on or off campus o Program varies from school to school o File your FAFSA early and check “YES” on the work-study section o Student Employment

o Consider ways to cut tuition costs: o High school college courses o More than 12 credit hours o Inquire about tuition installment plans o Spreads tuition payments over several months o Low sign-up fees, low to no interest charged o Consider private educational loans o Using Smart529 Plan