1. FAFSA Night October | Chatham Central High School

2. Types of Financial Aid:
Federal Aid
State Aid (NC Educational Lottery Scholarship, NC Community College Grant, UNC Need-based Grant, NC Need-Based Scholarship).
Scholarships from the institution
External Scholarships
Private sponsorship
Loans

3. TYPES OF NEED-BASED AID
GRANTS
Federal Grants
State Grants
Institutional Grants
Federal Work Study
On-campus positions
On-campus community service
Off-campus community service jobs
SCHOLARSHIPS
Local
Regional
National
LOANS
Federal Direct Subsidized Loans (4.45%)

4. TYPES OF NON-NEED BASED AID
SCHOLARSHIPS
Local
Regional
National
LOANS
Federal Direct Unsubsidized Loans (4.45%)
Federal Direct Parent (PLUS) Loans (7%)
Private Loans (NO FAFSA REQ’D)

5. Free Application for Federal Student Aid
FAFSA:
Free Application for Federal Student Aid
FAFSA.ED.GOV
ANY federal or state aid: grants & loans
Priority Deadlines vary,
so complete it ASAP.
You must complete one every year!

6. Why submit the FAFSA?
Required in order to be considered for grants and loans to pay for school.
Many types of aid are first-come, first served.
Some free money is better than no money!
There IS NO INCOME CUTOFF for aid.
Every college has different costs & types of aid to offer.
Your aid can increase or decrease each year you apply.

7. FSA ID Step #1 Unique username and password
Required for student & parent
Used to access Federal Student Aid’s online systems
Serves as a legal signature
FAFSA
Loan MPNs
Write it down!!

8. Items you’ll need for the FAFSA
Student
An FSA ID
SSN or Permanent Resident #
Driver’s License
2016 taxes (1040)
W-2’s
A permanent address
Parent
An FSA ID
SSN or Permanent Resident #
2016 taxes
W-2’s
Asset information
A permanent address
*This varies by situation, please ask Ms. Herrera first if you have questions or concerns regarding your situation*

9. Special Circumstances
My income has changed significantly since filing 2016 taxes.
Contact the Financial Aid Office after you’ve received your initial award; will require documentation of your loss of income
Questions regarding SSN’s - should not use ITIN
When would a student submit a paper copy of the FAFSA?

10. Who is my parent on the FAFSA?

11. Dependency Questions: Continued
If the FAFSA tells you to put parents on the FAFSA, but you are unable to do so, please ask a counselor or adviser.
You may need to:
Contact the financial aid office after you’ve been admitted.
Financial aid staff may ask for additional information.
Gather as much written evidence of your situation as possible

12. Expected Family Contribution (EFC)
A number the FAFSA produces that is a measure of your family’s financial strength. It helps determine your aid package.

13. What happens after the FAFSA?
You receive a confirmation page: includes EFC
You can access your SAR (Student Aid Report): a “carbon copy” of FAFSA
Within 2-3 business days: “processed successfully”
Confirms the information has been SENT to colleges
In the case of a paper copy:

15. What happens after the FAFSA?
Award arrival dates vary between institutions
Deadlines v. Rolling Admission
4 year v. community colleges
Check your and student portals regularly
students, not parents
Verification - don’t delay!
You may have to provide additional information before getting an award

16. Residency Determination Service (RDS)
Service established by NC Legislature to determine residency for students
Must be completed to qualify for in-state tuition at public colleges
Must be completed to qualify for NC state grants at all colleges
Residency for dependent students is based on parent information
Students should complete VERY carefully when inputting information

17. Residency Determination Service (RDS)
Where to complete?
Ncresidency.org (also linked through cfnc.org)
Use CFNC username and password to login
(make sure your SSN and DOB are accurate in CFNC Profile)
BE ACCURATE (Don’t Guess at Info)
Upload Documents within 25 days (if required)

18. Residency Determination Service (RDS)
When you finish you see:
RCN (Residency Certification Number)
Classification: Resident or Non-Resident
Whether you need to upload documents
Don’t agree with determination?
Reconsideration (correct or enter additional info)
Appeal - you have 10 days to request this!!! DO NOT DELAY!

19. Residency Determination Service (RDS)
Need Help?
Ask Ms. Herrera!
RDS Toll-free #: