ISFAA High School Counselor Workshop Fall 2013

Agenda …  Parental Information  After the FAFSA  Available Tools

FAFSA-Parental Information Collection  Dependent students will include income information from their legal parents (biological or adoptive) regardless of parents’ marital status or gender, if those parents live together.  If the student’s legal parents are not married and they do not live together, it is still only the parent the student lived with more in the previous 12 months.

FAFSA-Parental Information Collection  Parents will first be asked to respond to a question on their marital status.  Never married  Unmarried and both parents living together  Married or remarried  Divorced or separated  Widowed

FAFSA-Parental Information Collection  The FAFSA will instruct a dependent student to provide information about both of the student’s legal parents regardless of the parents’ marital status or gender, if the parents live together.

FAFSA-Parental Information Collection  The initial guidance from the Dept. of Education was issued prior to the repeal of the Defense of Marriage act.  Expect that this information might be updated prior to the FAFSA filing season so stay tuned for more details.

FAFSA-Parental Information Collection Dependent Student’s Parents’ Household Comprised Of: Data from 1 or 2 Parents Collected? and Prior and Forward Single legal parent 1 Parent Two legal parents who are husband and wife 2 Parents 2 Parents Legal parent and stepparent 2 Parents Two legal parents who are unmarried (regardless of gender), or who are of the same sex and are married, as recognized by a State or foreign country 1 Parent 2 Parents

What happens after a FAFSA is filed? Usually 1 of 3 results:  Official EFC: financial aid office calculates aid package.  Rejected FAFSA or “c flag”: student needs to submit documentation.  FAFSA identified for verification: we need documentation.

Examples of FAFSA Rejects  Parent name, SSN, or DOB do not match with record at Social Security Administration.  Dependent student’s parent did not sign the FAFSA.  Amount of tax paid reported ≥ adjusted gross income.

Examples of C flags  Student not confirmed as registered with Selective Service System.  Citizenship status or eligible noncitizen status not confirmed.  Question 23/drug conviction.  Pell grant or FSEOG overpayment.  Student loan default.  Unusual enrollment history.

Verification:  # in household, # in college, tax & income, SNAP, child support paid?  Child support paid?  HS completion, identity, affirmation of educational purpose, SNAP, child support paid?  HS completion, identity, affirmation of educational purpose, + list in #1 above?  Household resources: untaxed income + list in #1 above?

My FAFSA result is misleading because…  Contact college financial aid office to request consideration of special circumstances.  Will be asked to submit verification and other supporting documentation.  Financial aid officers can make professional judgment.

Comparing School Aid Offers Financial Aid Packages  What’s included in the aid offer  Type(s) and Amount(s)  Federal  State  Institutional  Gift  Loans  Work

Comparing School Aid Offers What will I pay?  Determine the out-of-pocket cost  How much does the school cost  What aid options are available  Gift  Loans  Work Cost – Aid Option(s) = Out-Of-Pocket

Comparing School Aid Offers Tools Available  Net Price Calculator 

How you can help:  Financial Aid Night  College Goal Sunday: Feb. 23, 2014  April & May reminders: Check college mail, s, data access  May 1 reminder: Check e-Student at for edits