Leon M. Goldstein High School for the Sciences

Michael Wotypka College Advisor (718) 368-8542 (718) 368-8555 MWotypk@schools.nyc.gov lmghs.org

TOPICS Who is eligible to apply for aid? Who is considered a dependent student? How much does college cost? How and when to apply for financial aid? Sources and types of financial aid Resources for counselors and students

Eligible Students Citizen Eligible non-citizen 1. Permanent U.S. Resident with a permanent resident card 2. Conditional permanent resident or holder of I-94 with “Asylum Granted” or “Refuge”

Eligible Students If the student is not a: -citizen or -eligible non-citizen No federal aid is available Student may be eligible for in-state tuition

In-State Tuition for Undocumented and Out of Status Students Attended an approved New York State high school for two or more years, graduated and applied to attend CUNY or SUNY within five years of receiving NYS diploma Attended an approved New York State program for the general education development diploma (GED) exam preparation, received the GED issued in NYS, and have applied to public institutions within the five years of receiving the NYS GED, or Enrolled in a CUNY institution in the fall 2001 semester and was authorized to pay in-state tuition STATEMENT OF INTENT- student must complete a statement of intent to legalize status

Resources for Undocumented Students Scholarships: Peter Vallone Scholarship- NYC student attending CUNY www.salef.org Immigration Resources: American Immigration Lawyers Association (AILA) www.aila.com Immigration Daily www.ilw.com National Association of International Educators www.nafsa.org US Department of Homeland Security www.dhs.org US Citizenship and Immigration Services www.uscis.gov

Dependent or Independent? Born before January 1, 1986 (09-10) Married on the day of application Enrolled in master’s or doctoral degree program Currently serving on active duty in the US Armed Forces A Veteran of the US Armed Forces Have children that receive more than half of their support from the application Have other dependents

Dependent OR Independent? New Dependent or ward of the court, in foster care, or both parents deceased after age 13 Emancipated minor as determined by the court Legal guardian Unaccompanied youth who was homeless Unaccompanied youth who was homeless, self-supporting, and at risk of being homeless

How Much Does College Cost? Cost of Attendance (COA) includes: Tuition and Fees Room and Board Books and Supplies Transportation Miscellaneous personal expenses

How Much Does College Cost? 4 Year PRIVATE On-Campus Student Tuition and Fees: $25, 021 Room and Board: $9,706 Books and Supplies: $962 Transportation: $618 Personal Expenses: $1,194 Total Budget: $37,501

How and When To Apply Collect information Request a federal PIN: www.pin.ed.gov Complete FAFSA online: www.fafsa.ed.gov Complete TAP online Watch for Student Aid Report (SAR) Keep records Contact the financial aid office

1. Collect Information Student’s and parent’s SSN and DOB Parent’s marital status Tax returns for students and parents W-2’s for student and parents Records of untaxed income for student and parents (such as social security benefits, public assistance, etc.) Bank, stock, real estate, and business records for student and parents Student’s driver’s license number Student’s alien registration number (for non US citizens) PINS for student and one parents

2. Request Federal PIN @ www.pin.ed.gov Get a PIN number NOW for Each Student AND One Parent! Information processed within 71 hours Replaces mailing signatures

TIP Students can get a head state by using: www.FAFSA4caster.ed.gov Increase student’s knowledge of the financial aid process and provide information about other sources of aid. “FAFSA4caster Tip” appear throughout the site and provide students with information that will help make preparing for college and the financial aid process easier. FAFSA4caster will transfer all of your data to the FAFSA on the Web application, making it a lot easier.

3. Complete FAFSA @ www.fafsa.ed.gov

TIP Why pay for advice on federal student aid? Information is free. Applying is free. Beware of www.fafsa.com! Free advice is available from: A high school counselor A college financial aid administration The Federal Student Aid Information Center at 1-800-4-FED-AID (TTY: 1-800-730-8913)

4. Complete TAP Online! Immediately after completing FAFSA online, from the FAFSA confirmation page, link to the TAP-on-the-Web (look for NY Residents) Establish your TAP PIN: You may choose to use the same number as your federal PIN

What’s Next??? 5. Watch for SAR: Available in 7-10 days 6. Keep documents in a file 7. Contact the financial aid office

How and When To Apply? FILE EARLY! Right after January 1st of the student’s senior year Check “will file taxes” Estimate financial information accurately Questions? Call 1-800-4FEDAID (433-3243) or www.fafsa.ed.gov

How Is Financial Need Determined? Estimated Family Contribution (EFC) is determined from: Parents’ income and assets -Primary home value excluded Student’s income and assets Size of family -Age of parents Number of children in college COA minus EFS=Need

Sources and Types of Financial Aid Federal New York State Private Lenders Gift Aid -Scholarships -Grants Self-help aid -Employment Opportunities -Loans

Sources and Types of Financial Aid Private Scholarship Search -At your college of interest -Free Internet scholarship searches -www.fastweb.com -www.students.gov - Local library resources - Local businesses and civic organizations (including professional associations) related to student’s field of interest -Parents’ employer/union

Sources and Types of Financial Aid Major Grant Programs PELL Grant Must have EFC between $0-$4,041 Maximum annual award $4,731* Minimum award $523 *scheduled to go up each year until 2014-2015 NYS TAP Grant Dependent Undergraduate Students -Award Range $500-$5,000 Independent Undergraduate Studies -Award Range: $500-$3,025

Sources of Types of Financial Aid Academic Competitiveness Grant Pell recipient Enrolled at least half-time first or second year student ”Rigorous high school program” graduate Advanced or Honors Regents designations Other rigorous program criteria $750 first year, $1300 second year

Sources and Types of Financial Aid SMART Grant National Science and Mathematics Assess to Retain Talent Pell recipient For Juniors and Seniors enrolled at least half-time in a four year institution Majoring in physical, life, or computer sciences, mathematics, technology, engineering, or in a foreign language that is critical to US national security Have a minimum 3.0 GPA $4000 per year

Sources and Types of Financial Aid Federal Work Study Based on financial need On or Off-campus employment Usually 12-15 hours per week

Stafford Loans: Federal Family Educated Loans and Direct Loans Subsidized 5.6% (09-10) 4.5% (10-11) 3.4% (11-12) 6.8% (12-13) Based on need Federal government pays interest while student is in school $3500 for freshmen Unsubsidized 6.8% fized interest Not based on need Student is responsible for interest while in school Max loan cost of education minus financial aid +$2000 for freshmen

Sources and Types of Aid Perkins Loan Need based Low interest rate (5%) Student pays no interest while in school Max $5,500* per year May be forgiven

Sources and Types of Financial Aid Parents Loans for Undergraduate Students (PLUS): For parents of dependent students Borrow up to the entire cost of college less financial aid No adverse credit (parent must pass credit check) Time Payment Plans: May vary…typically, families may spread the direct costs over the semester or year.

A Note on Borrowing Before you borrow: remember you must repay loans The more money you borrow, the more money and the longer it will take you to repay your loan To estimate your monthly payments go to: www.finaid.org/calculators/loanpayments.phtml You must file the FAFSA for all federal loans Federal loans have lower interest rates than most private loans

2008-09 TEACH Grant Up to $4000 per year For students who intend to teach: A high-need field That serves students of low income Four year service contract More information: www.studentaid.ed.gov

The NYS Math and Science Teaching Incentive Program Increase the number of math and science teachers Bachelor and/or master degree level in exchange for agreeing to teach math or science for five years on a full-time basis at a secondary school Award The annual award for full-time study equals the annual tuition charged to NYS residents at a 4-year SUNY college The maximum annual award is $4,350 4 years of full-time undergraduate study and one year of full-time graduate study leading to permanent certification as a secondary education teacher in mathematics or science

The NYS Math and Science Teaching Incentive Program Eligibility: Be a US Citizen or eligible non-citizen Matriculate in an approved undergraduate or graduate program at a degree-granting institution that leads to a career as a math and science teacher in secondary education Have a cumulative college grade point average (GPA) of 2.5 or higher Not have a service obligation under another program Not be in default on a student loan

Resources www.fsa4counselors.ed.gov www.collegegoalsundayny.com www.suny.edu/students www.FSAPubs.org www.nasfaa.org/redesign/parentsstudents.html www.hesc.org