Today’s Agenda General Financial Aid Information (What & How) SF State Student Center (Sections to Know) Financial Aid Deferment Understanding Your To Do List Verification of 2015 Tax & Income Information Financial Aid Awards (Types and Process) Grants, Loans, Work Study Scholarships SF State Mobile App

What is Financial Aid? Financial Aid is money to help you pay for college Financial Aid can be given from: The federal government Your state of residence The school you attend An external organization Financial Aid consists of: Grants and Scholarships: free funds Loans: borrowed funds Work-Study: earned funds

What Can Financial Aid Cover? Tuition (your classes, school gym access, health services, student services & fun school activities!) Housing (at home, in the dorms, own place) Books & Supplies Transportation (BART, bus, car & parking, bike) Personal Expenses (Educational Related Costs)

Estimated Cost of Attendance @ SF State 2017-18 On/Off-Campus Tuition & Fees (full-time) $7,254 Room & Board $14,502 Books & Supplies $1,948 Transportation $1,565 Personal Expenses $1,450 TOTAL $26,719 Edit to add 17-18 once numbers are ready

How Is Financial Aid Eligibility Calculated? Cost of Attendance Estimated Family Contribution (EFC) Financial Need Registration & Fees Room & Board Books & Supplies Transportation Personal Expenses Total Cost of Attendance Student Contribution + Parent Contribution (If Applicable) = Estimated Family Contribution (EFC) *The calculation of the EFC is based on the information submitted on the FAFSA, such as income and investments - EFC = Financial Need *Determines a student’s eligibility for Federal & State Financial Aid

How Do You Apply for Financial Aid? Priority Deadline for 2017-18 was March 2nd, but you can still apply online using 2015 tax information! FAFSA https://fafsa.ed.gov/ Who is Eligible: U.S. Citizens Legal Permanent Residents T-visa Holders Eligible Non-Citizens Not eligible for FAFSA? Attend the AB 540/Undocumented Student Success Workshop to learn about financial aid through the CA Dream Act!

SF State Gateway Login with your SF State ID Number and Password Create a Password if you are a first-time user

Accessing Your Student Center Click on Student Center button under Financial Section

SFSU Student Center Holds & Alerts To Do List View Financial Aid Accept/Decline Awards Report Other Financial Aid Drop Down Box: Account Activity Charges Due 7. Enroll in Direct Deposit

Section 1: Holds & Alerts

Financial Aid Deferment This alert means you may have pending financial aid, and will not be dis-enrolled from your classes. This occurs because the deferment delays the payment deadline until financial aid funds have disbursed

Section 2: To Do List

To Do List Add updated student center screenshot with student that has 17-18 verification items If you have items listed, select the More button to view the item instructions

Accessing To Do List Items Add updated student center screenshot with student that has 17-18 verification items Click hyperlinks to view instructions for each item

Note: 1040 TAX RETURNS ARE NOT ACCEPTED! Verifying Your Income Students are randomly selected by the Dept. of Education to verify household income and family size FILL OUT Income Verification Sheets AND SUBMIT Tax Return TRANSCRIPTS Note: 1040 TAX RETURNS ARE NOT ACCEPTED! Verification can take 3-4 weeks to process

Obtaining a 2015 Tax Return Transcript Go to www.irs.gov and choose the option to Get a Tax Transcript under “Tools” section You (and your parent) can obtain a transcript online same-day or via mail in 5-10 days

Student Center: Finances

Section 3: View Financial Aid Once you have completed all required To Do List items and you have cleared any holds on your account, you will be awarded financial aid

GRANTS = Free $$ Federal Grants: Pell Grant SEOG (Supplemental Educational Opportunity Grant) State Grants: Cal Grants A/B State University Grant EOP Grant Middle Class Scholarship

WebGrants for Students Create an account on https://mygrantinfo.csac.ca.gov to verify your Cal Grant eligibility If you are eligible for a Cal Grant, make sure SF State is listed for you to receive your financial aid award

Federal Direct Student Loans: Borrowed $$ Subsidized Loans: Government pays interest while you’re in school 3.76 % Interest (Subject to change after July 1, 2017) Maximum amounts: Freshmen: $3,500; Sophomores $4,500; Juniors/Seniors $5,500 Unsubsidized Loans: Interest accrues while you’re in school 3.76% Interest (Subject to change after July 1, 2017) Maximum amount for Dependents: $2,000

Federal PARENT PLUS LOAN = Borrowed $$ 6.31% Interest Rate Subject to change after July 1, 2017 Accrues while student is in school If Parent is declined, student can increase Unsubsidized Loan by contacting Financial Aid Office Freshman/Sophomores: $4,000 for academic year Juniors/Seniors: $5,000 for academic year Should we put all screenshots in? Or link to Plus Website (under assumption that screenshots are on site)? Also, we have the option for the Plus Loan flyer

How to Apply for the Parent PLUS Loan

Section 4: Accept/Decline Awards Any grants you are eligible for will be automatically accepted, while you must manually accept any loan offers Additional To Do List items may appear after accepting loans

How Financial Aid Works 1. DISBURSEMENT If financial aid is all in order, financial aid FIRST goes toward tuition and other charges (ie. Housing) on student’s account 2. REFUND Student and/or Parent receives the extra funds from financial aid awards once all charges are paid for 2. BALANCE DUE Student does not have enough financial aid to cover charges, so student must pay any remaining balance OR

Section 6: Drop Down Box To access Account Activity and Charges Due, you must access “other financial…” drop down box

Section 7: Enroll in Direct Deposit If you have a refund, you can sign up for direct deposit to receive the refund in your bank account Have your banking and routing numbers available to sign up!

balance returned to you or your parent. Account Activity Payment section: View the disbursement of your financial aid and any out of pocket payments. Refund section: balance returned to you or your parent. *Refunds from the Parent Plus Loan will be sent as a check to parent unless specified otherwise on Plus Loan Application $$$ to you!

Read this important message about coverage! Account Summary Check the Account Summary under your Student Center to see if you have a Balance Due! Read this important message about coverage!

Start the Scholarship Search http://www.sfsu.edu/~finaid/scholarships

View Campus/External Scholarships Under Use Academic Works! View Campus/External Scholarships Under Opportunities and Sign In to Apply. Refine search by major, department, or college by choosing option to Show Filters

SF State Mobile App The Student Center screens are viewable on the Mobile App! Step 1: Download the SF State Mobile App Step 2: Go to Payments & Aid Step 3: Login to access your account

SF State Office of Student Financial Aid Contact Us! SF State Office of Student Financial Aid Email: finaid@sfsu.edu Phone: M-F 9:00 to 4:30 || 415.338.7000 In-Person: M-F 9:00 to 5:00, Student Services Building - One Stop