Financial Aid Parent Academy

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Presentation transcript:

2017-18 Financial Aid Parent Academy Presented by: Center for Student Financial Aid California State University, Los Angeles Center for Financial Aid 5151 State University Drive | Los Angeles, CA 90032 T 323.343.6260 | http://www.calstatela.edu/financialaid www.calstatela.edu

Financial Aid Applications Overview Financial Aid Applications Key Deadline Basic Eligibility Types of Financial Aid Questions?

What forms do you need to complete? U.S. Citizens Eligible non-citizens (green card holders) U.S. Citizens Eligible non-citizens AB 540 “Dreamers” AB 540 “Dreamers” GPA Form www.csac.ca.gov FAFSA www.fafsa.ed.gov Dream App. https://dream.csac.ca.gov

Key Application Filing Deadlines FAFSA and Dream Application filing period: October 1st thru March 2nd, 2017 Priority funding consideration deadline: In order for a student to be considered for a 2012-2013 Cal Grant, the California Student Aid Commission (CSAC) requires that he/she submits both the Free Application for Federal Student Aid and the Cal Grant GPA Verification Form by March 2, 2012. The GPA Verification Form must be completed by the student, certified by the student’s high school, and submitted directly to CSAC. Some high schools submit student grade point averages directly to CSAC on behalf of their students. Others require that students complete the student section of the Cal Grant GPA Verification Form. (The student section of the form asks simple information such as the student’s name, address, and Social Security Number). If the paper form is required, it is important to submit it as soon as possible to the high school counselor or registrar because it may take a few days to certify the student’s grade point average. You can download a Cal Grant GPA Verification Form at: www.calgrants.org. The GPA Verification Form must be postmarked no later than March 2, 2012. Check with the student’s high school Counseling Office/Guidance Center to see if he/she needs to submit the paper Cal Grant GPA Verification Form or if the high school will submit the GPA electronically on the student’s behalf. If the high school submits the Cal Grant GPA Verification Form electronically, the student may have to authorize the release of his/her Social Security Number. We urge students to file these forms as soon as possible. Don’t wait for the March 2nd deadline and miss out on a valuable grant that, like other grants, does not have to be repaid. 2 4

Basic Eligibility for Financial Aid Demonstrate Financial Need H.S. Diploma or G.E.D. Certificate Working towards a degree or eligible certificate program U.S. Citizen, Permanent Resident or AB540 Valid Social Security # Maintain SAP (Satisfactory Academic Progress)

What is SAP? Quality: Minimum GPA Requirement: 2.00 (C Average) 75% or 3 out or 4 Class Quantity: Completion Rate 180 total attempted units (includes “F”s and withdrawals Quantity: Maximum Time Frame

Types of Financial Aid for FAFSA Filers Grants: (Free Money) Pell, SEOG, SUG, Cal Grant, Scholarships Workstudy Federal Loans: Subsidized Unsubsidized Parent Loan Private Loans

Types of Financial Aid Grants: Loans: Other: Pell Grant-Up to $5,920 SEOG-Amount Varies SUG (State University Grant)-Up to State Tuition ($5,472) Cal Grant A-Up to State Tuition ($5,472) Cal Grant B- Up to State Tuition ($5,472) plus Stipend ($1,670) Loans: Federal Subsidized Direct Loan: Up to $3,500/$4,500/$5,500 Federal Unsubsidized Direct Loan: Up to $2,000 Additional Federal Unsubsidized Direct Loan: Up to $4,000/$5,000 if Parent Loan is denied Parent PLUS Loan: Up to Cost of Attendance Private Loans: Based on Credit NEW-Dream Loan for AB540 students starting 2015-16 Other: Workstudy Outside Scholarships Apply Today Internal Scholarship Check with your institution

AB 131 – Dream Act Law Signed into law on October 8, 2011. Became effective: January 1, 2013 Requirements: Be eligible for AB 540 GPA and income requirements as decided by CSAC (California Student Aid Commission) For more info: www.CalDreamAct.org Allows students who meet AB 540 criteria to receive: UC Grant, State University Grant (at CSUs), Educational Opportunity Program (EOP) grant and Educational Opportunity Program and Services fee waivers. Apply for and receive Board of Governors fee waivers @ California Community Colleges. Apply for and receive state financial aid, including Cal Grants and Chafee Foster Youth Grants for use at eligible public and private institutions NEW! Dream Loan for 2015

Types of Financial Aid for Dreamers Grants: (Free Money) SUG, Cal Grant, Scholarships Loans: AB540 Loan Starting in 2015-16 Private Loans

Amounts of AB540 Financial Aid Loans: NEW-Dream Loan for AB540 students starting 2015-16 Private Loans: Based on Credit Grants: SUG (State University Grant)-Up to State Tuition ($5,472) Cal Grant A-Up to State Tuition ($5,472) Cal Grant B- Up to State Tuition ($5,472) plus Access ($1,670) Other: Outside Scholarships Apply Today Internal Scholarship Check with your institution

Free Application for Federal Student Aid (FAFSA) www.fafsa.ed.gov

Dream Act Application https://dream.csac.ca.gov

Federal Verification, What is it? If Selected The IRS Date Retrieval Process, or IRS Tax transcript if requested by the college or university Non-tax filers Signed statement confirming that they did not file a federal tax return and were not required by IRS to do so Copies of W-2s from each employer , if any income earned from work Demographic Data Household size and number in college Child Support paid and Food Stamps/SNAP, if reported on the FAFSA

Email from CSULA Financial Aid Step 16: Read your emails and log into your GET account! https://get.calstatela.edu Step 17: Review your financial aid award letter to determine if you need to submit additional verification documents. If any required documents are listed, you have been selected for “verification.”

How to Apply for CSULA Scholarships? Visit the CSULA Financial Aid web site for scholarship information and announcements. Apply for as many scholarships as you can and don’t wait. 2017-18 CSULA General Scholarship Application deadline will be March 28, 2017. Look for the new Academic Works-Online Scholarship Application

Other Scholarship Opportunities All Students: www.fastweb.com www.collegeboard.com www.scholarships.com www.studentscholarshipsearch.com www.finaid.org AB540 Students: www.latinocollegedollars.org http://www.maldef.org www.hsf.net IMPORTANT! Beware of scholarship and financial aid services that ask for a fee or charge

Need Additional Help? California State Grants FAFSA Help Toll Free # Email Live Chat FAFSA Help Toll Free # Email Live Chat

CSULA Financial Aid Office SA 124 Student Affairs Building Monday – Thursday: 8am – 6pm Friday: 8am – 5pm Phone: (323) 343-6260

Frequently Asked Questions