2 What does it cost? 2014-15 Cost of Attendance* (9 months) At HomeOn CampusOff CampusFees$6,698Books/Supp$1,719Room/Board$4,532$12,080$12,089Trans$1,345$1,169$1,391Personal$1,364TOTAL$15,658$23,030$23,261Fees = $5,472 tuition fees + $1,226 average campus based fees (health center, etc.., and will vary by campus)* Systemwide averages, actual amounts will vary by CSU campus.
3 Financial Aid- can help families pay. The Free Application for Federal Student Aid (FAFSA) or DREAM application is used to calculate an Expected Family Contribution (EFC). This number is used to determine financial aid eligibility.Gift AidScholarshipsStudents should check with the institution if they need to complete a separate applicationGrantsSelf-help AidLoansEmployment opportunitiesNever pay for someone to complete the FAFSA or Dream Application for you or “find” scholarships for you. The internet and your local library offer free scholarship search engines and the premise of the FAFSA is that it’s free.
4 Types of Gift Aid (Federal-FAFSA) Federal Pell GrantFederal Supplemental Educational Opportunity Grant (FSEOG)Iraq & Afghanistan Service Grant
5 Types of Gift Aid (State-FAFSA or DREAM) Cal Grants-Make sure you let the Counselors know that if the student is awarded a Cal Grant A it will be placed on “RESERVE” for up to 3 years while they attend a California Community College until they transfer to a 4-year Degree Granting Institution.Cal Grants (A & B)Chafee GrantMiddle Class Scholarship (MCS)CSU - State University Grant (SUG)CSU - Educational Opportunity Program (EOP)Community Colleges – Board of Governor’s Grant (BOGG)UC – University Grant
6 Types of Self–Help Aid (Federal-FAFSA) Federal Work-Study (FWS)Federal Perkins LoanFederal Direct LoansPLUS (parent) Loan
7 CSU Financial Aid 2012-13 (Big Picture) 319,426 CSU Students received aid (76% of all students)Nearly $3.8 Billion in Total Aid57% of All undergraduates have full cost of tuition covered by grants, scholarships or waivers$629 million in State University Grant to 131,000 + studentsFor the academic year we anticipate more than $644 million in State University Grant awards
8 Timely Topics California Dream Act Middle Class Scholarship Application ChangesSpecial CircumstancesVerification
9 Dream ApplicationStudents without lawful immigration status, who qualify for an AB540 nonresident tuition exemption:Dream Application is completed instead of FAFSA (Used to determine eligibility for state and institutional need based scholarships and grantsCal Grant GPA verification is still required, in addition to the DreamApplication, for Cal Grant considerationSome campuses may also have a separate institutional scholarshipapplication that must be filed in addition to the DREAM and FAFSAapplicationsThe Admission application fee waiver is also available to studentswithout lawful immigration status, who will qualify for an AB540 nonresidenttuition exemption & meet the income guidelinesMale students must register for Selective Service regardless of undocumented statusStudents may be selected for verificationVerification may require the tax filers to submit tax transcripts for themselves (i.e. the student) or the parent HS may have to submit the GPA to CSAC using the non-SSN GPA processCSAC provides a webinar on how to do this
10 Dream Application AB 540 General Requirements The student must have attended a HS (public or private) in CA for 3 or more years,ANDThe student must have graduated from a CA HS or attained the equivalent (GED and CA HS proficiency exam also qualify),File an AB540 Affidavit (California Non-Resident Tuition Exemption Request form) with the college or universityAvailable in the Admissions & Records office of each CSU
11 Dream Application DACA: Deferred Action for Childhood Arrivals Discretionary determination, by the Federal Government, to defer the removal action an individualDeferred action does not provide an individual with lawful statusAssigned Social Security number for ‘Work Purposes’ only
12 Dream Act Deferred Action Status Should still complete the California Dream ApplicationNot all deferred action students will qualify for AB540 statusAB540 is a California specific statute
13 New: Middle Class Scholarship Available beginning academic school yearState scholarship for students with family income up to $150,000 on a sliding scaleUC and Cal State specificFAFSA and Dream applicants will be considered for eligibilityStudents must file a FAFSA/DREAM Application by March 2
14 New: Middle Class Scholarship Examples of programs that count against MCS elig: (not an all-inclusive list)Federal: Pell, FSEOGState: Cal Grant, Chafee Grant, Child Development GrantInstitutional: Need-based grants, EOP, scholarships designated for tuition, waivers (e.g. CalVet, Alan Pattee, etc.), Athletic awards for tuition, Vets benefits for tuitionThe MCS award will be reduced by any Federal, State, or institutionally administered grants or fee waivers received by the studentStudent must be enrolled at least half time (6 units)Student must maintain satisfactory academic progress
15 New: Middle Class Scholarship 2013/14 Maximum award for CSU $768 (income of $100K or less)at 40% (current tuition of $5,472) MCS max. would be $2,190Each academic year, the maximum amount of the scholarship will increase until ,When the program is fully implemented the maximum award will be up to 40 percent of the mandatory systemwide tuition and fees.Each year, the maximum award amount will be based on the number of students eligible for the MCS statewide and funding allocated by the State Budget.
16 Application Process IRS Data Retrieval tool FAFSA online Cannot have filed Married filing SeparateIRS will determine if the student meets the eligibility to use the IRS Data Retrieval ToolIf the tax payer owes taxes (or back taxes) can’t do retrievalBenefits:FasterMore accurateReduces documents requested by a campusIRS Data Retrieval toolFAFSA onlineFederal Income Tax returns must be filed to use the IRS data retrieval tool2 to 3 weeks after e-file6 to 8 weeks after paper filingNot all online filers will qualify to use the IRS Data Retrieval Tool
17 Application Process IRS Data Retrieval Tool Students should NOT wait to file the FAFSA until after the parents file their taxesUse estimates of income and taxes to file FAFSA earlyUpdate the FAFSA using the IRS Data Retrieval Tool AFTER parents/student file taxes
18 Application Changes Parent Definition Assistance in combining parent IRS data can be provided by the Financial Aid office at your campusExpanded definition of parents: not strictly tied to marital statusParent DefinitionAddition to previous definitions:Parents are not married to each other and live together, student may select “unmarried and both parents are living together”This definition includes domestic partnersBoth parents income should be reportedBoth parents should be included in the house hold size
19 Special Circumstances Don’t let this delay your FAFSA or Dream application: contact the financial aid office earlyFERPA: Family Educational Rights and Privacy ActPrevents University staff from discussing student specific information with a third party, including parents, without the student being presentEach campus has different policies and procedures for helping these students and families
20 Special Circumstances Death of a ParentParent/Student Loss of EmploymentParents Divorce/SeparationStudent Estrangement from ParentsHomeless studentsOther: Students with unique situations should contact the financial aid department at a CSU campus for guidance
21 VerificationSelected by the Federal Department of Education, the school, or the California Student Aid Commission (in the case of Dream Applicants)Students selected to submit documents to “verify” information reported on their aid applicationStudents are notified, usually via , of a document submission deadlineTypical documents requested:Tax TranscriptHousehold worksheetProof of Citizenship and/or US Residency Status
22 Verification Failure to submit documents on time: Will cause a delay in processing of the student’s awardMay result in a student being “dropped” from coursesMay miss out on aid that has limited fundingKnow a student that can’t turn something in due to a “special circumstance?”Refer the student to the financial aid office
23 Financial Aid & Transfer Students Cal Grant B received at CC counts towards 4-year Cal Grant eligibilityUnits attempted at CC may affect overall financial aid eligibility at a 4-year schoolSatisfactory academic progress (maximum time frame)Regardless if aid was received or notUnits earned at CC affect SUG eligibility at a CSU
24 Financial Aid & Transfer Students Pell Lifetime Eligibility Used (LEU): 6 yearsPell received while at a CC will reduce remaining Pell eligibility at a 4-year schoolSubsidized Loan Lifetime EligibilityFirst time borrowers as of July 1, 20136-year limit on Subsidized LoansBorrowing at a CC may affect eligibility for Subsidized loan at a 4-year
25 Helpful Websites FAFSA: http://www.fafsa.gov/ Cal Grants:Dream Application:Department of Education - Student guide:CSU campus websites:CA Colleges and Career planning: