Finding Money for College Financial Aid and the FAFSA ID FAFSA on the Web Preview September 2016 Angelia McLeroy Trinity Valley Community College – Terrell Campus

What is financial aid? Money to pay for college or career school FA Overview from You Tube: Types of aid: FEDERAL Grants Loans Work-study STATE Exemptions, grants, waivers & scholarship programs State work study programs Loans and loan repayment programs COLLEGE OTHER

What You Need to Know Must file a FAFSA every year in college Can file on or after October 1 st of each year *check with your school for deadlines FAFSA SCHOOL YR IF YOU PLAN TO ATTEND COLLEGE YOU CAN SUBMIT FAFSA APPLICATION FROM USE TAX DATA FROM 2016/2017July 1, June 30, 2017January 1, June 30, /2018July 1, June 30, 2018October 1, June 30, /2019July 1, June 30, 2019October 1, June 30,

What You Need to Know The FSA ID (Parent/Student) The new school year for federal aid is July 1, June 30, 2018 ( FAFSA) If you do not have an award letter from a school - you have no aid to assist in the payment of school expenses The earlier you start, the BETTER!!

Who can get federal student aid? U.S. citizen, permanent resident, “other eligible noncitizens High school graduate or GED holder Eligible degree/certificate program Valid Social Security number Males registered for Selective Service Students enrolled and meeting satisfactory academic progress in college/career school If you are not eligible for FAFSA check into TASFA

How much federal student aid can I get? Maximum amounts for the major programs for a dependent freshman in : Federal Pell Grant: max award $5,815 Current dependent Direct Subsidized & Unsubsidized Loans: $5,500 total Federal Work-Study: depends on funds available at school Direct PLUS Loan (for parents) Funds from other programs are available; use as a resource.

You will need an FSA ID for Federal aid The FSA ID is a username and password used by students, parents, and borrowers to: login to U.S. Department of Education websites electronically sign documents You will use it: Every year you apply for federal student aid at fafsa.govfafsa.gov To receive a federal student loan To perform important activities such as competing your FAFSA each year, submit corrections, check history of federal grants and loans awarded To perform other important activities as a federal student loan borrower, such as choosing a repayment plan or applying for a deferment 7

Using Your FSA ID WebsiteWhat You Can Do at the Site fafsa.gov Electronically sign your (or your child's) FAFSA Import your tax information from the Internal Revenue Service Prefill data in this year´s FAFSA if you filed a FAFSA last year (Renewal FAFSA) Make online corrections to an existing FAFSA View or print an online copy of your Student Aid Report (SAR) My Federal Student Aid at StudentAid.gov/login or the National Student Loan Data System (NSLDS ® ) at View a history of any federal student aid that you have received Look up your loan servicer's contact information StudentLoans.gov Complete entrance counseling, the Financial Awareness Counseling Tool, or exit counseling Electronically sign a master promissory note (MPN). Complete PLUS loan requests Estimate your student loan payments using the Repayment Estimator Apply for an income-driven repayment plan or a consolidation loan Agreement to Serve (ATS) at Sign your ATS for the Teacher Education Assistance for College and Higher Education (TEACH) Grant Program 8

Does my parent need an FSA ID? If you are a dependent student, then your parent will need an FSA ID in order to sign your FAFSA electronically Not sure if you’re considered a dependent student for the FAFSA, go to StudentAid.gov/dependency to find outStudentAid.gov/dependency IMPORTANT You and your parent must have different FSA IDs You must create your own FSA ID—it’s your electronic signature and you need to own it Your parent must create his or her own FSA ID You and your parent should each use your own address when creating an FSA ID (you can’t use/share the same address) 9

Creating a FAFSA ID online Go to StudentAid.gov/fsaidStudentAid.gov/fsaid Click the “Create an FSA ID Now” button Or when you “Start” or “Login” to the FAFSA.gov web site 10

How much federal student aid can I get? Not a senior yet? For early estimate, use FAFSA4caster: Link from the StudentAid.gov website FAFSA: Apply for Aid tab, estimate your aid Go to Enter some financial information Get an idea of what eligibility may be CAREFUL looks like FAFSA

FAFSA Student Login

FAFSA Student Login Cont.

Completing Sections of the FAFSA IRS adds Tax Form Data

Signing and Submitting FAFSA

Conformation Page

Questions?

Thanks for coming! Contact information: Angelia McLeroy TVCC Terrell Campus: Ext: 4940 financial aid front desk Ext: 4905 my office