2. Presenters Presenter’s Name Higher Education Access Partner PHEAA Presenter’s Name Title School PASFAA

3. Agenda Workshop Overview Application Process Federal Programs State Programs Break – 10:30 Financial Need and Packaging Professional Judgment / Counseling Scenarios Financial Literacy PHEAA Products and Services

4. The Application Process

5. The Purpose of the FAFSA ® The FAFSA ® (Free Application for Federal Student Aid) is a federal form used to determine student eligibility for the following: Federal programs Pell Grants, campus-based aid and student loans State programs Pennsylvania State Grant, State Work-Study and other special programs School programs Need-based grants and scholarships Pg 13

6. FAFSA.gov Create your FSA ID prior to completing your FAFSA *Students and parents need a FSA ID. **File the FAFSA every year the student will be enrolled in postsecondary education. Pg 13

7. Benefits to Applying Online Filing the FAFSA electronically is the best way to apply. There are many benefits for online filers: Online help Built-in edits Built-in “skip logic” IRS Data Retrieval Tool (DRT) Link to the State Grant Form (SGF) Pg 13

8. When to Apply Students should apply beginning January 1 of their senior year. Deadlines vary from school to school; many are earlier than the May 1 deadline for the PA State Grant. Students must determine the earliest applicable deadline. Students need not be accepted for admission. Students may list up to 10 schools on the initial online FAFSA and add or delete schools later. Postsecondary schools will not see other schools listed, just their own. Families can file estimated income information and update it later using the IRS Data Retrieval Tool (DRT). Pg 14

9. IRS Data Retrieval Tool (DRT) The IRS DRT allows students and parents to access IRS tax return information needed to complete the FAFSA. Students and parents may transfer the data directly into their FAFSA. IRS data is available for families to use: »After 2 weeks of electronically filing federal tax return »After 8 weeks of filing a paper federal tax return If estimated income is used to complete the FAFSA, students/parents can go back once taxes are filed and use the IRS DRT.

10. IRS Data Retrieval Tool

11. Changes for 2017-18 FAFSA Two major changes to the FAFSA will take effect for the 2017-18 school year: The FAFSA will be available earlier. »Students will be able to file a 2017-18 FAFSA as early as October 1, 2016, rather than beginning on January 1, 2017. The FAFSA will collect income information from the earlier tax year – Prior Prior Year (PPY) income. »Families will file the 2017-18 FAFSA using 2015 tax information.015 income NEW

13. Dependency Status Independent Students are: 24 or older on January 1 of award year Veteran (includes active duty personnel) Married or separated Working on graduate degree Emancipated minor or in a legal guardianship Orphan, in foster care or ward of the court at any time when student was age 13 or older Have legal dependents other than spouse Student deemed homeless by proper authority Pg 15

14. Who’s my parent when I fill out the FAFSA? Visit studentaid.ed.gov/sa/resources These people are not your parents unless they have legally adopted you.

15. PHEAA’s Acceptance of Federal Dependency Questions PHEAA accepts the federal definition of independence for the first five questions: age, marital status, graduate studies, active military service, and veteran status. PHEAA does NOT automatically accept the federal definition of independence for the remaining questions. In these cases, additional information is required and reviewed before a determination is made; in some cases parental data will be required. Pg 15

16. Documents Needed Applicants may need the following items to file the FAFSA: Social Security Number Driver’s license (student only; this information is optional) Federal income tax returns (1040, 1040A or 1040EZ) W-2 forms from all employers Current bank statements (checking and savings) Current business and farm records Records of any stocks, bonds & other investments, including 529 accounts Additional untaxed income tax records may be needed such as: Veterans non-education benefits, child support paid/received and workers’ compensation. Alien registration or permanent resident card (if not a U.S. citizen) Pg 16

17. Federal Student Aid ID (FSA ID) Replaces the PIN Allows students and parents to sign the FAFSA electronically Student needs a FSA ID One parent of a dependent student needs a FSA ID Student and parent must have a unique email address Only the owner of the FSA ID should create the account Pg 16

18. Where Can I Use My FSA ID? Electronically sign your FAFSA Import tax information from the IRS Access renewal FAFSA Make online corrections to FAFSA View or print a copy of the SAR View history of federal student aid received Complete entrance or exit counseling Electronically sign a Master Promissory Note Complete a PLUS Loan request Estimate student loan repayments using the Repayment Estimator Apply for Income-Driven Repayment plan and loan consolidation Sign agreement to serve for TEACH Grant Pg 16

19. How to Create a FSA IDPg 17

20. Other Ways to Sign the FAFSA FAFSA On the Web (FOTW) »If a student or parent chooses not to sign with their FSA ID, they should print, sign and mail the signature page, as instructed. Paper FAFSA or PDF »The document must be signed and mailed (a copy should be kept). Unable to get a parent signature – school counselor or FAO may sign in place of the parent(s) »Parent(s) are determined physically or mentally incapable of signing »Parents are not currently in the U.S. and cannot be contacted by normal means »Current address of the parent(s) is unknown Pg 18

21. FAFSA Confirmation PagePg 18

22. PA State Grant Form (SGF) In addition to the FAFSA, first-time applicants must also complete the SGF. Three ways to access SGF: »The link from FAFSA confirmation page »Through Account Access at PHEAA.org (24-48 hours after completing the FAFSA) »Complete a paper Status Notice if the student did not use the link on the confirmation page or provide a valid email address All three options require submission of a paper signature page. Pg 19

23. SGF Through Account Access Create a student account in Account Access. Pg 20

24. Student Aid Report (SAR) Pg 20 Applicants will receive a SAR after the FAFSA is processed: »If a completed online or paper application and a valid email address is provided, student receives an email notification to retrieve »Without a valid email address, notification is received by regular mail

25. Expected Family Contribution (EFC) A number calculated based on a federal formula Remains the same no matter which school the student attends Primarily income-driven Major factors for dependent student: »Parental income & assets »Student income & assets »Family size and number of family members in college »Age of older parent Pg 21

26. Parental Income and Assets Allowances are made for federal, state, local, and social security taxes, working parent households, and a standard living allowance based on family size. An asset protection allowance, based on the age of the older parent, is applied against the net worth of reported parental assets. Value of primary residence, qualified retirement accounts and life insurance policies are NOT reported. No provisions for personal debt Pg 21

27. Student Income and Assets Allowances are made for federal, state, local, and social security taxes. Income protection allowance of $6,400 for 2016 –17 is applied and the remaining amount is assessed at 50%. Dependent students must report assets in their name. Student assets are assessed at 20%. Pg 21

28. Special Processing Formulas Simplified Formula »Applies when anyone in the household receives means- tested benefits (or) »Parent filed or are eligible to file a 1040A or 1040 EZ or filed a 1040 and were not required to do so, or were not required to file any income tax return (or) »Parent is a dislocated worker »AND – parents’ income is less than $50,000 »No student or parental assets are considered. Automatic Zero EFC – same conditions as above, but parental annual income $24,000 or less Pg 22

29. Sample - EFC Calculation Example of a family of four with one in college and no reportable assets: IncomeEFCIncomeEFCIncomeEFC $24,0000$75,0007,899$125,00023,777 $50,0002,512$100,00016,333$150,00031,223 Pg 22

30. Database Matches The Central Processing System (CPS) performs several database matches against FAFSA data. The most common are: NSLDS for loan default and lifetime Pell usage Homeland Security for citizenship status Social Security Administration for SSN verification Selective Service for draft registration of males Discrepancies are flagged and must be resolved through the school before eligibility is finalized. Pg 23

31. Verification The most common items are AGI, taxes paid, untaxed income, household size, and the number in college. Families that are not using the IRS DRT have a greater chance of being selected for verification. If selected, an IRS tax transcript may be required. A copy of an IRS Federal Tax return will not be acceptable. A transcript can be obtained by mail using IRS Form 4506-t (Request for Transcript of Tax Return). Pg 23

32. Overview of the FAFSA FAFSA.gov Select correct year’s FAFSAUse correct Social Security Numbers Use previous year’s income Be consistent with informationParents and students each have their own section Pg 24

33. Income Questions TipsPg 24

34. Asset Question Tips Assets are reported as of the date the application is filed. Some families do not have their assets included in the EFC.529 Plans are reported as parental assets. Do not report the value of retirement funds, life insurance policy or the home in which you live. Do not report the value of a family business, if it employees less than 100 full-time employees. Do not report the value of a family farm, if the family lives on the farm. Asset Value = Current Market Value – Current Debt Pg 24

35. Common FAFSA Completion Errors Incorrect Social Security Number Mixed student and parent answers Use taxes paid from tax return, not taxes withheld W-2 Incorrect answers on dependency questions On the FAFSA, a preparer is someone you pay to submit the form Negative asset value should be reported as “0” Students should complete the SGF from the link on the confirmation page of the FAFSA Submitting FAFSA without signing with the FSA ID Pg 24

36. FAFSA Resources Federal Contact Assistance on FAFSA.gov »FAFSA on the Web live help »By Phone - 800.433.3243 »Email FAFSA Tool Kit – PHEAA.org »Outreach Resources »FAFSA completion data for high schools Free Publications – FSAPubs.gov »FAFSA worksheets, Direct Loan materials, College Prep Checklist »Two ways to order; online or by phone at 800.394.7084 Pg 25

37. Financialaidtoolkit.ed.gov Outreach resources such as Financial Aid Night materials, fact sheets, videos, infographics, and PowerPoint presentations Sample messages for social media in the form of tweets, Facebook posts and blog posts Information on embedding videos and infographics in your website, sample articles for organization newsletters and sample emails, and FSA publications FAFSA completion data for high schools, such as aggregate statistics on submitted and completed FAFSAs for the current application cycle, compared to the same time period for the prior application cycle Pg 26

38. FAFSA4caster & Demo Site FAFSA4caster at FAFSA.gov and studentaid.ed.gov »Students receive an estimated EFC, Pell Grant eligibility and Direct Loan eligibility »Includes college cost comparison calculator »Great resource for families to gain early awareness on financial aid FAFSA Demo Site – fafsademo.test.ed.gov »A learning tool for counselors »Complete a FAFSA, make corrections and check on the status of an application »Information NOT sent to the Central Processor »The user name is eddemo, and the password is fafsatest Pg 27

39. Additional Applications College Scholarship Service (CSS) Profile through College Board »Submitted only if a school requires it »Application fee required - $25 for initial application and one school, $16 for each additional school; waivers available »PA schools and scholarship organizations using the CSS Profile are listed in the manual. Institutional Applications »Required by some schools in addition to the FAFSA »Requirements are usually posted on their websites »Students must be aware of each institution’s application requirements and deadlines. Pg 29

40. Application Process - Questions

41. Federal Student Aid Programs

42. Federal Eligibility Requirements There are no changes to general eligibility requirements for federal aid. All males age 18 – 25 must be registered for Selective Service. Students must make academic progress every year. Students must submit a FAFSA every year. Reminder: Pg 31

43. Federal Pell Grant Maximum award for 2015-16 is $5,775; maximum EFC for eligibility is $5,198. Lifetime eligibility is now limited to 12 full-time semesters. There is no “grandfather” provision. Students can monitor lifetime eligibility through NSLDS at nslds.ed.gov. Pg 32

44. Campus-Based Programs Three Campus-based programs Federal Supplemental Educational Opportunity Grant (FSEOG) » $4,000 maximum; need-based Federal Perkins Loan » Expired on September 30, 2015 » No new borrowers after September 30, 2015 Federal Work-Study (FWS) » Earnings do not count as income on subsequent FAFSAs. » Working is better then borrowing; statistics show students who work have a higher GPA. Pg 32

45. Federal Student Loans Direct Loans – Subsidized and Unsubsidized »Beginning July 1, 2013, first-time borrowers are limited to the 150% rule. »No credit check or co-signer requirement Direct Graduate Loans »$20,500 maximum per year Direct Plus Loans »Cost less other aid StudentLoans.gov Pg 33

46. Interest Rates Interest Rates for 2015-16: Direct Undergraduate4.29% (subsidized and unsubsidized) Direct Graduate5.84% (unsubsidized) PLUS Loans6.84% (parents and graduate students) Pg 33

47. Undergraduate Loan Limits Undergraduate Loan Limits for Dependent Students: Aggregate borrowing limit is $31,000. Dependent students (excluding students whose parents cannot borrow PLUS Base student loan amount (subsidized unsubsidized) Additional unsubsidized student loan amount Freshmen$3,500$2,000 Sophomores$4,500$2,000 Juniors, Seniors$5,500$2,000 Pg 34

48. Independent Loan Limits Independent students & dependent students whose parents cannot borrow a PLUS Loan: Aggregate borrowing limit is $57,500 for undergraduates. Aggregate borrowing limit is $138,500 for graduates. Independent student AND students whose parents cannot borrow PLUS Base student loan amount (subsidized unsubsidized) Additional unsubsidized student loan amounts Freshmen$3,500$6,000 Sophomores$4,500$6,000 Juniors, Seniors$5,500$7,000 Graduate or Professional $0$20,500 Pg 34

49. Repayment Options Many options are available - studentaid.ed.gov Standard Graduated Extended Income-Based (IBR) Pay-As-You-Earn (PAYE) Income-Contingent (ICR) Income-Sensitive Pg 35

50. Direct PLUS Loan Loans available to biological or adoptive parents of dependent students Credit check required, however, no debt-to-income check. If credit check passes, loan is approved. No annual or aggregate limit to the amount a parent may borrow. The limiting factor is cost minus financial aid received equals the amount that can be borrowed. Repayment begins once loan is fully disbursed. Parents do have the option to defer payments. Pg 37

51. StudentLoans.gov

52. Loan Forgiveness Programs Federal Teacher Loan Forgiveness Program »Borrowers must teach full-time for 5 consecutive years in a low- income school district. »Possible $17,500 may be forgiven »studentaid.ed.gov. Public Service Loan Forgiveness (PSLF) Program » The purpose of the PSLFProgram is to encourage individuals to enter and continue working in public service jobs. »This program is for Direct Loan borrowers only. »Refer to studentaid.gov or MyFedLoan.org for additional eligibility requirements Pg 38

53. Federal Programs - Questions

54. State Programs

55. State Grant Eligibility Requirements Domicile High School Graduation Academic Progress Enrollment Maximum Number of Grants Program of Study Undergraduate Enrollment Satisfactory Character Loan Default Pg 41

56. 2016-17 Filing Deadlines May 1, 2016 »All renewal applicants »New applicants who plan to enroll in a degree program »New applicants enrolling in a college transferable programs August 1, 2016 »Non-renewal applicants enrolling in:  Business, Trade or Technical school  Hospital School of Nursing  Community College  Open Admission Colleges  2-year programs that are not transferable Pg 43

57. Open Admission Colleges »Designated as such by the U.S. Department of Education And »Are both incorporated and physically located within the Commonwealth of Pennsylvania Cheyney University of PA Gratz CollegePA College of Technology Harrisburg University of SciencePA Institute of Technology and TechnologyPeirce College Lackawanna CollegeValley Forge Military College Pg 43

58. 2015-16 State Grant Awards CostsMaximum AwardsMinimum Awards $0 - $12,000$2,308$500 $12,001 - $19,000$3,692$500 $19,001 - $29,000$3,970$500 $29,001 - $32,000$4,340$500 Pennsylvania PHEAA-Approved Schools Pg 44

59. 2015-16 Out-of-State Awards Type of State Minimum Awards Maximum Awards Non-VeteranVeteran Reciprocal States$500$554$739 Unique Programs of Study $500 $739 Reciprocal States DelawareOhioWest Virginia District of ColumbiaMassachusettsVermont Special approval has been granted to a limited number of institutions or programs on the basis that they offer education and training in a unique field not offered in PA or a reciprocal state Pg 44

60. PA Summer State Grant A separate online application is available for summer. August 15 deadline A Summer State Grant is included in the maximum number of payments for which a student may be eligible. Pg 45

61. PA State Grant Early Admission 1.Student leaves high school before graduation, in accordance with the policies and procedures set by the superintendent and school board, in order to attend an approved postsecondary institution 2.Student is dropped from the school district’s enrollment records 3.Student will receive a high school diploma at the end of their freshman year The student may be eligible for a PA State Grant, but not federal aid. Pg 45

62. Special Programs

63. PA Special Programs Ready to Succeed Scholarship (RTSS) State Work-Study Program (SWSP) Partnerships for Access to Higher Education (PATH) PA Targeted Industry Program (PA-TIP) Educational Assistance Program (EAP) Chafee Education and Training Grant Program (ETG) Postsecondary Education Gratuity Program (PEGP) Blind or Deaf Student Scholarship

64. Ready to Succeed Scholarship RTSS provides scholarships to high achieving students whose annual family income does not exceed $110,000. Recipients must attend a participating school in Pennsylvania, have at least a 3.25 QPA, and have earned the equivalent of 24 credits. In combination with the PA State Grant, students may receive a total award up to $2,000 for full-time and $1,000 for part-time. Students must meet all other State Grant eligibility requirements. Pg 45

65. State Work-Study Program (SWSP) Undergraduate students must be eligible for a PA State Grant. Employment must be related to student’s major or minor. Employers are reimbursed a portion of student wages: »Non-profit – 40% »For-profit – 30% »Maximum - $4,000 for AY and $4,000 for summer Student and employer applications are available at PHEAA.org/SWSP. Pg 46

66. PATH Grant PHEAA partners with community-based PA organizations that offer grants or scholarships to eligible PA residents. »Current PATH partners at PHEAA.org/PATH PHEAA PATH Grant match – up to $2,500 The student must be enrolled at least half-time in a PHEAA-approved postsecondary institution. Student must have received a PA State Grant for the semester or quarter for which they are nominated to receive a PATH Grant. Pg 46

67. PA Targeted Industry Program (PA-TIP) Targeted Industries: »Energy »Advanced Materials and Diversified Manufacturing »Agriculture and Food Production Need-based awards, up to $4,011 at approved schools Many requirements of State Grant, except: »Program must be at least 10 weeks but less than 2 years »Program must not be eligible for State Grant Must be full-time, unless enrolled in a non-profit institution Filing Deadline – May 1, 2016 Funding is limited. Apply Early! Pg 47

68. PA Targeted Industry Program (PA-TIP) Visit PHEAA.org/PA-TIP

69. Educational Assistance Program (EAP) Department of Military and Veterans Affairs (DMVA) »Distributes and collects applications »Determines approval of applicants Students must sign a 6-year agreement with the PA National Guard. Awards are based on tuition charged to PA residents at a state-owned school. Pg 47

70. Chafee Education and Training Grant (ETG) Federally-funded program Students aging out of foster care Enrolled at least half-time and attending an approved postsecondary institution Must file a FAFSA 2015-16 maximum award is $4,750 Pg 48

71. Postsecondary Education Gratuity Program (PEGP) Benefits children of select emergency personnel who died in the line of duty Eligible students receive a waiver of institutional charges for tuition, fees, room and board, minus any grants or scholarships received, at a PA community college, state-owned or state-related institution. Must be enrolled full-time in associate or baccalaureate degree program Pg 49

72. Blind or Deaf Beneficiary Grant Students who are visually or hearing impaired OVR evaluation Physician’s documentation Enrolled at least half-time Maximum award $500 File a FAFSA Pg 50

73. OVR State agency that provides a variety of services for individuals with: »Physical disabilities »Mental/nervous/emotional disorders »Drug and alcohol rehabilitation »Learning disabilities Diagnostic testing Financial support (gift aid) for higher education Must complete FAFSA Pg 50

74. State Programs - Questions

75. Financial Need and Award Packaging

76. Need Analysis Need Analysis has two components: Cost of Attendance (COA) Expected Family Contribution (EFC) COA – EFC = Financial Need Pg 51

77. Cost of Attendance Cost of Attendance (COA) includes the following: Tuition and fees Room and board Books and supplies Transportation expenses Miscellaneous personal expenses Pg 51

78. Cost of Attendance The school has the discretion to add other expenses: »Child care »Special equipment purchase »Adjust other costs on a case-by-case basis Costs vary greatly Compare the same costs at all schools Distinguish between: » Direct costs » Indirect costs Pg 51

79. Packaging The process by which schools make financial aid awards and meet financial need Schools can set their own parameters, application processes and application deadline Can calculate their own EFC for institutional aid Types of aid in the award package: »Federal and state grants »Employment (Federal Work-Study and institutional employment) »Institutional grants and scholarships (need and merit-based) »Student loans »PLUS Loans Pg 51

80. Financial Aid Award Letter Pg 52 Presented by the school and typically includes: »Cost of Attendance (COA) »Types and amounts of financial aid offered »Conditions that are placed on the awards »Steps the student must take to accept the package »Student’s rights and responsibilities »Renewal, revision and appeal processes »Policy on Satisfactory Academic Progress

81. School ASchool BSchool C Cost of Attendance$15,000$25,000$35,000 - Federal EFC$ 2,000 = Financial Need$13,000$23,000$33,000 Federal Pell Grant$ 3,825 PA State Grant$ 3,414$ 3,670$ 4,011 Federal SEOG$ 0$ 500$ 1,500 Institutional Grant$ 0$ 2,500$ 8,000 Private Scholarship$ 500 Federal Work- Study $ 1,500$ 3,000 Direct Sub Loan$ 3,500 Direct Unsub Loan$ 2,000 Total Aid$14,739$19,495$ 26,336 GAP (Cost – Aid)$ 261$ 5,505$ 8,664

82. School ASchool BSchool C Cost$15,000$25,000$35,000 Pell Grant$ 3,825 State Grant$ 3,414$ 3,670$ 4,011 Institutional Aid$ 0$ 2,500$ 8,000 FSEOG$ 0$ 500$ 1,500 Private Scholarship $ 500 Total Free Money$ 7,739$ 10,995$ 17,836 Actual Contribution $ 7,261$ 14,005$ 17,164 Cost – Free Money = Actual Contribution

83. Reviewing the Financial Aid Package How much of the financial aid is gift aid, and how much is not? Which awards are based on need, and which are based on merit? Are there any conditions on the gift aid; in particular, is there a GPA requirement? Can the student expect their awards to change from year to year? Will institutional awards increase as tuition increases? Will free money convert to borrowed money as borrowing capacity increases? How many years can the funds be received? Pg 53

84. Reviewing the Financial Aid Package What happens to their award package if the student changes their major? How many hours per week must the student work to earn their work- study award? What is the hiring process at the school for the work-study award? How much is the family expected to borrow? How will outside scholarships affect the award package? If loans are listed in the award, which amounts are subsidized or unsubsidized? Pg 53

85. Professional Judgment The FAFSA process does not take unusual circumstances into account. Schools’ FAOs have “Professional Judgment” which enables them, on a case-by-case basis, to make changes to the student’s FAFSA record and financial aid eligibility. Schools are not required to exercise professional judgment, and decisions made by one school do not apply to another. The FAO’s professional judgment ability applies to federal aid and institutional aid only. For consideration of special circumstances for a PA State Grant, students must contact PHEAA and complete the appropriate forms. Students may visit PHEAA.org/forms for forms that address their situation. Pg 53

86. Dependency Override If a student does not meet the criteria to be automatically independent for federal financial aid and it is unreasonable to expect the parents will complete the FAFSA, a dependency override may be granted by the FAO. Examples: Student who has left the parents’ home due to an abusive situation Student whose parents’ whereabouts are unknown »The Financial Aid Office might override the dependency status and determine that the student will be independent, meaning no parental data will be required on the FAFSA. »Prior to making this determination, schools require documentation to support the student’s request. Pg 54

87. Dependency Override There are some rather typical cases that do NOT qualify for a dependency override: »Parents refusing to contribute toward their child’s education »Parents’ unwillingness to supply information needed to complete the FAFSA »Parents not claiming the student as a dependent for income tax purposes »The student no longer living in the parents’ home »Parents and student “just don’t get along” Pg 54

88. Reduction of Income The FAFSA must be filed using actual data; however, families experiencing income changes, either before or after the FAFSA has been filed, must contact the Financial Aid Office to discuss their situation. Types of situations that can be reviewed under Professional Judgment: »Divorce or separation of the parents »A parent loses their job, has a reduction in wages, or retires »A parent dies or becomes disabled »Unusually high medical expenses not covered by insurance »Loss of untaxed income or benefits (Social Security, child support, etc.) Reduced-Income Forms for the PA State Grant Program are available at PHEAA.org. Pg 54

89. Packaging or Professional Judgment Questions

90. Financial Literacy

91. 85% of college graduates plan to move back home after graduating. (Twentysomething Inc. 2010 survey) The rate has risen from 67% in ‘06. (Jessica Dickler, CNN staff writer) 49% of teens are “eager” to learn more about money management. Only 14% had taken a class on a financial literacy topic and over one-third want to learn money skills from their parents. (Capital One) Almost one-third of college students, when reflecting back on their freshman year, admit that they were not very well- prepared for personal money management on campus. 20% of students claim to have been very well-prepared. (KeyBank and conducted by Harris Interactive)

92. Financial Literacy Tools collegecost.ed.gov Net Price Calculator Center Shopping Sheet College Scorecard Pg 59

93. Net Price Calculator (NPC) collegecost.ed.gov/netpricecenter.aspx Activity Idea: High School Freshmen and Sophomores Have students compare the NPCs of some of their potential school choices and discuss the results. What is a Net Price Calculator? What does Net Price mean? Pg 60

94. Financial Aid Shopping Sheet Helps students understand their financial aid package and make informed decisions Not mandatory Used by 1500 schools Activity Idea: High School Seniors Hold an event in the spring to help students and parents interpret their award letters. Pg 61

95. College Scorecard Five Key Items 1.Cost 2.Graduation rate 3.Loan default rate 4.Employment 5.Average amount borrowed Activity Idea: High School Sophomores and Juniors Help students focus their thoughts about their education goals by having them search for schools that are well-suited for their particular needs. Pg 62

96. MySmartBorrowing.org Interactive online tool to assist students with making informed choices about postsecondary education. Pg 63

97. How It Works MySmartBorrowing guides students and families through four easy sections: Select a Career Select a School Factor in Savings Get Results Pg 64

98. PHEAA PA School ServicesPg 8

99. PHEAA Services Financial Aid Nights »Financial Aid Night Toolkit – PHEAA.org/fan-toolkit FAFSA Completion Sessions »FAFSA Toolkit – PHEAA.org/fafsa-toolkit In-class/lab student presentations »EducationPlanner »MySmartBorrowing Contact your Access Partner for more details. Pg 7

100. PHEAA Online Resources PHEAA.org EducationPlanner.org MySmartBorrowing.org YouCanDealWithIt.com Facebook.com/pheaa.aid MyFedLoan.org Pg 65

101. PHEAA Products Pg 69

102. Online Access – FAFSA Completion Initiative Access to real-time data to help your outreach efforts in encouraging families to file the FAFSA: Pg 73

103. Questions

104. Thank You for Attending You will receive a survey by email. Please take a few minutes to respond. Your feedback is important to us.