1. FAFSA F UNDAMENTALS 2015-2016

2. Paying for College Paying for College No matter who you are, you CAN go to college No matter who you are, you CAN go to college College is an investment in your future College is an investment in your future Many forms of financial aid are available to help you pay for your education Many forms of financial aid are available to help you pay for your education

3. What’s Financial Aid? What’s Financial Aid? Financial aid is money to help you pay educational expenses, such as: Tuition Tuition Fees Fees Books Books Room and board Room and board Transportation Transportation Personal costs Personal costs

4. What Do You Think? What Do You Think? What was the total amount of financial aid awarded by Oklahoma State University during the 2013-2014 academic year? This includes all grants, loans and scholarships in their undergraduate, graduate and veterinary programs. Over $310 Million

5. How Do I Apply? How Do I Apply? Free Application for Federal Student Aid The FAFSA is your first step The FAFSA is your first step Use it to apply for most types of federal and state aid Use it to apply for most types of federal and state aid

6. Find the FAFSA Online – Visit FAFSA.gov Online – Visit FAFSA.gov Print a copy – Go to FAFSA.gov ; click FAFSA Filing Options to print a paper FAFSA Print a copy – Go to FAFSA.gov ; click FAFSA Filing Options to print a paper FAFSA Request a paper copy – Call 800.4.FED.AID or 800.730.8913 (TTY) to request copies in English or Spanish Request a paper copy – Call 800.4.FED.AID or 800.730.8913 (TTY) to request copies in English or Spanish

7. FAFSA.gov FAFSA.gov

9. Why Online? Why Online? Faster processing time Faster processing time Save your application and return to it later Save your application and return to it later Built-in error catcher means fewer delays Built-in error catcher means fewer delays Yearly online renewal Yearly online renewal Help and Hints boxes provided with every question Help and Hints boxes provided with every question Electronically sign using your Personal Identification Number (PIN) Electronically sign using your Personal Identification Number (PIN)

10. What’s a PIN? What’s a PIN? Request a Personal Identification Number (PIN) from FAFSA.gov Request a Personal Identification Number (PIN) from FAFSA.gov Typically sent via email within 24 hours after your request Typically sent via email within 24 hours after your request Student and one parent must each have a PIN Student and one parent must each have a PIN Use the same PIN when you: Use the same PIN when you: Renew your FAFSA the following year Renew your FAFSA the following year Sign an online loan application Sign an online loan application

11. Getting a PIN Getting a PIN

13. Requested FAFSA Info Requested FAFSA Info Social Security Numbers Social Security Numbers Tax, income and other financial information Tax, income and other financial information Marital status Marital status Citizenship status Citizenship status Assets Assets Level of parents’ school completion Level of parents’ school completion Selective Service registration Selective Service registration

14. Don’t Miss Deadlines Don’t Miss Deadlines FAFSA – Check with your school’s Financial Aid office for any priority deadlines FAFSA – Check with your school’s Financial Aid office for any priority deadlines State Aid – State deadlines can be found at FAFSA.gov State Aid – State deadlines can be found at FAFSA.gov  Oklahoma’s deadline for the Oklahoma Tuition Aid Grant (OTAG) is March 1

15. FAFSA P ROCESS

16. FAFSA Sections FAFSA Sections Login and Password Login and Password Student Demographics Student Demographics School Selection School Selection Dependency Status Dependency Status Parent Demographics Parent Demographics Financial Information Financial Information Sign and Submit Sign and Submit Confirmation Confirmation

17. FAFSA Login

18. FAFSA 2015-2016 FAFSA 2015-2016

19. Set Your Password

20. Student Demographics Use your full name as shown on your Social Security card Be accurate when entering your birthdate Enter your marital status as of the day you submit your FAFSA Help and Hints boxes are located on each screen

21. Selective Service Eighteen year old males must register with Selective Service in order to receive financial aid You can elect to register here on your FAFSA

22. High School Name High School Name Search for high schools by name, city or state If you have a high school diploma, you must include the school from which you graduated

23. College Selection College Selection You can send your FAFSA to 10 different colleges You can search colleges by name, city or state A search was done here on Rose State College

24. College Selection A search done on colleges in Lawton found 5 schools Two were added and they will receive your FAFSA results Click View Selected School Information to get a comparison of your choices

25. School Comparison School Comparison

26. Housing Plans Provide Housing Plans for each school you’ve chosen to receive your FAFSA results Your options: On campus On campus Off campus Off campus With parents With parents

27. Dependent or Independent? Dependent or Independent? Your answers to these questions will determine your dependency status If you’re unable to answer YES to one of these questions, you’ll be considered a Dependent Student

28. Dependency Status Dependency Status Dependent students must provide parental information on the FAFSA Dependent students must provide parental information on the FAFSA Independent students aren’t required to show parental information unless requested by their school Independent students aren’t required to show parental information unless requested by their school

29. Special Circumstances Special Circumstances If you’re a dependent student and unable to provide parental information, indicate that here. It’s highly recommended that you speak to the Financial Aid office at the college(s) you’ll attend, however. Most schools have specific procedures they follow to handle this question.

30. Special Circumstances Special Circumstances Exceptions to the rule for parental information are shown here Contact your Financial Aid office for more details

31. Special Circumstances Special Circumstances Change in employment status Change in employment status Unusual medical expenses not covered by insurance Unusual medical expenses not covered by insurance Change in parent marital status Change in parent marital status Unusual dependent care expenses Unusual dependent care expenses Unable to obtain parental information Unable to obtain parental information

32. Parent Information Parent Information If your LEGAL parents (biological and/or adoptive) are separated or divorced – Use information about the parent you lived with most during the last 12 months If your LEGAL parents (biological and/or adoptive) are separated or divorced – Use information about the parent you lived with most during the last 12 months If you lived with both divorced parents equally – Use information for the parent who provided you the most financial support in the last 12 months If you lived with both divorced parents equally – Use information for the parent who provided you the most financial support in the last 12 months If your divorced parent is remarried – Use information for your parent and step-parent If your divorced parent is remarried – Use information for your parent and step-parent

33. Parent Information Parent Information

34. Parent Demographics Parent will enter first initial and last name as shown on their Social Security card. Name and date of birth will be verified with the Social Security Administration.

35. Parent Demographics Household size will include those living with your parent(s) who receive more than half of their support from them and will continue to receive this support through June 30, 2016

36. Parent can choose a tax filing status: -Already completed -Already completed -Will file -Will file -Not going to file -Not going to file If parent ‘will file’, they’re given the option to use an Income Estimator or their prior year’s tax figures They will be instructed to enter final tax data when available and use the IRS Data Retrieval Tool Income Estimator

37. Parent can choose a tax filing status: -Already completed -Already completed -Will file -Will file -Not going to file -Not going to file If parent ‘Already completed’ their taxes, they’re given the option to manually enter their tax figures or download the info from the IRS. This feature is not available until the first week of February. Parent Income

38. IRS Data Retrieval Tool

39. IRS Data Retrieval IRS can send tax data online directly to your FAFSA IRS can send tax data online directly to your FAFSA Available early February for the 2015-2016 FAFSA processing cycle Available early February for the 2015-2016 FAFSA processing cycle Participation is voluntary Participation is voluntary Reduces documents requested by financial aid office Reduces documents requested by financial aid office

40. IRS Data Retrieval Electronically filed tax information will be available 2-3 weeks after the return has been accepted by the IRS Electronically filed tax information will be available 2-3 weeks after the return has been accepted by the IRS Data from paper tax returns will be available on the IRS website in approximately 8-11 weeks after the IRS receives the return Data from paper tax returns will be available on the IRS website in approximately 8-11 weeks after the IRS receives the return Balance due or amended returns will take considerably longer Balance due or amended returns will take considerably longer

43. Parent Income Parent will enter any information on untaxed income, current value of cash, savings and checking accounts, and net worth of current investments and businesses

44. Student Income Students are also asked to provide the type of tax return they filed as well as their income earned and taxes paid.

45. Student Income Applicant will enter their income here

46. Sign and Submit Sign and Submit Review or print a copy of your FAFSA answers here. Make necessary changes now before submitting your application. Enter your PIN number here to electronically sign your FAFSA. If you’ve still not requested a PIN, you may do so here.

47. Sign and Submit Sign and Submit Hit Submit My FAFSA Now to send your results to the school(s) you’ve chosen.

48. Confirmation Page Confirmation Page A Confirmation Page is shown after your FAFSA has been submitted It includes an estimate of your Expected Family Contribution (EFC) and estimated eligibility for the Pell Grant and Federal Direct student loans

49. A FTER THE FAFSA

50. After FAFSA Submission You will be notified when your FAFSA is processed You will be notified when your FAFSA is processed Your FAFSA information will be made available to your school(s), and they will use it to determine the aid you may be eligible to receive Your FAFSA information will be made available to your school(s), and they will use it to determine the aid you may be eligible to receive Your school(s) will contact you if they need more information or when they are ready to discuss your financial aid award Your school(s) will contact you if they need more information or when they are ready to discuss your financial aid award If you have questions about your financial aid package, contact your school(s) If you have questions about your financial aid package, contact your school(s)

51. Student Aid Report (SAR) Summarizes your FAFSA information Summarizes your FAFSA information Available to you after your FAFSA is processed Available to you after your FAFSA is processed Review the SAR for accuracy Review the SAR for accuracy The schools listed on your FAFSA will also receive a summary The schools listed on your FAFSA will also receive a summary

52. Making Corrections If necessary, corrections to FAFSA data may be made by: Using FAFSA on the WEB ( www.FAFSA.gov ) if student has a PIN; Using FAFSA on the WEB ( www.FAFSA.gov ) if student has a PIN; Updating items on the paper SAR; or Updating items on the paper SAR; or Submitting documentation to the college’s Financial Aid office Submitting documentation to the college’s Financial Aid office

53. Frequent FAFSA Errors Social Security Numbers Social Security Numbers Divorced/remarried parental information Divorced/remarried parental information Income earned by parents/stepparents Income earned by parents/stepparents Untaxed income Untaxed income U.S. income taxes paid U.S. income taxes paid Household size Household size Number of household members in college Number of household members in college Real estate and investment net worth Real estate and investment net worth Submit button Submit button

54. Cost of Attendance An estimate of the total educational expenses for a specific enrollment period An estimate of the total educational expenses for a specific enrollment period Includes average tuition, fees, books and supplies, room and board, transportation and miscellaneous expenses at an individual school Includes average tuition, fees, books and supplies, room and board, transportation and miscellaneous expenses at an individual school Cost of Attendance (COA) may be different at each school Cost of Attendance (COA) may be different at each school

55. Expected Family Contribution The Expected Family Contribution, or EFC, is calculated from the information provided on your FAFSA, such as income, assets and family size The Expected Family Contribution, or EFC, is calculated from the information provided on your FAFSA, such as income, assets and family size Comprised of two components Comprised of two components  Parent contribution  Student contribution Same amount at every college Same amount at every college

56. Financial Need The difference between the Cost of Attendance (COA) and the Expected Family Contribution (EFC) The difference between the Cost of Attendance (COA) and the Expected Family Contribution (EFC) School determines financial need based on data from your FAFSA School determines financial need based on data from your FAFSA Financial aid awards are based on your financial need Financial aid awards are based on your financial need

57. Financial Need Cost of Attendance -Expected Family Contribution - Other Aid Financial Need

58. Award Letter Sent by schools that have accepted you and received your financial aid paperwork; lists types and amounts of aid you’re eligible to receive Sent by schools that have accepted you and received your financial aid paperwork; lists types and amounts of aid you’re eligible to receive You don’t have to accept everything you’re offered in the award letter You don’t have to accept everything you’re offered in the award letter Submit any requested information to your school by the required deadline Submit any requested information to your school by the required deadline

59. Federal Financial Aid Federal Pell Grant $5,730 annual maximum for 2014-2015 $5,730 annual maximum for 2014-2015 Undergraduates without a bachelor’s degree Undergraduates without a bachelor’s degree Need-based Need-based Federal Supplemental Educational Opportunity Grant (FSEOG) $4,000 annual maximum for 2014-2015 $4,000 annual maximum for 2014-2015 Undergraduates without a bachelor’s degree Undergraduates without a bachelor’s degree Priority given to Pell Grant recipients with high financial need Priority given to Pell Grant recipients with high financial need

60. Federal Financial Aid Teacher Education Assistance for College and Higher Education Grant (TEACH) $4,000 annual maximum for 2014-2015 $4,000 annual maximum for 2014-2015 Undergraduate and graduate students Undergraduate and graduate students Fulfill teaching service in a high-need field, low-income school or educational service agency Fulfill teaching service in a high-need field, low-income school or educational service agency Iraq and Afghanistan Service Grant Awarded to a student whose parent or guardian was in the U.S. Armed Forces and died in Iraq or Afghanistan after 9/11/2001 Awarded to a student whose parent or guardian was in the U.S. Armed Forces and died in Iraq or Afghanistan after 9/11/2001 Undergraduate under 24 years of age or enrolled in college part-time at the time of parent or guardian’s death Undergraduate under 24 years of age or enrolled in college part-time at the time of parent or guardian’s death Recipient cannot be Pell Grant eligible Recipient cannot be Pell Grant eligible

61. Federal Financial Aid Federal Work-Study (FWS) Allows a student to earn money to help pay educational expenses Allows a student to earn money to help pay educational expenses Offers campus-based or community employment opportunities Offers campus-based or community employment opportunities Need-based Need-based

62. Federal Financial Aid Federal Subsidized Student Loan $3,500/year maximum for Freshmen $3,500/year maximum for Freshmen Government pays interest while a student is enrolled at least half-time Government pays interest while a student is enrolled at least half-time 4.66% interest rate during 2014-2015 4.66% interest rate during 2014-2015 Need-based Need-based Federal Unsubsidized Student Loan Additional loans available to students who qualify Additional loans available to students who qualify Interest starts to accrue after first disbursement Interest starts to accrue after first disbursement 4.66% interest rate during 2014-2015 4.66% interest rate during 2014-2015 Non-need based Non-need based

63. Federal Financial Aid Parent Loan for Undergraduate Students (PLUS) For parents of dependent students For parents of dependent students Parent borrower must be credit-worthy Parent borrower must be credit-worthy Interest starts to accrue after first disbursement Interest starts to accrue after first disbursement 7.21% interest rate during 2014-2015 7.21% interest rate during 2014-2015 Non-need based Non-need based

64. State Financial Aid Oklahoma Tuition Aid Grant (OTAG) Apply through the FAFSA Apply through the FAFSA Application deadline March 1 Application deadline March 1 $1,000 annual maximum for public schools; $1,300 annual maximum for private schools $1,000 annual maximum for public schools; $1,300 annual maximum for private schools Maximums shown for 2014-2015 Maximums shown for 2014-2015 Need-based Need-based

65. State Financial Aid Oklahoma’s Promise Recipients receive free tuition at Oklahoma public two-year colleges and four-year universities Recipients receive free tuition at Oklahoma public two-year colleges and four-year universities Partial tuition provided at approved Oklahoma private colleges and public technology centers Partial tuition provided at approved Oklahoma private colleges and public technology centers Recipients must complete the FAFSA to receive their funds Recipients must complete the FAFSA to receive their funds

66. Things to Remember Complete the FAFSA every year you need financial aid for college Complete the FAFSA every year you need financial aid for college Complete the FAFSA as soon after January 1 st as possible to meet deadlines Complete the FAFSA as soon after January 1 st as possible to meet deadlines Fill out the form online, if possible Fill out the form online, if possible Sign electronically with a Personal Identification Number (PIN) Sign electronically with a Personal Identification Number (PIN) Never pay to complete this form; it’s a FREE application Never pay to complete this form; it’s a FREE application

67. FAFSA.com FAFSA.com requires its users to pay $79.99 for this service. Never pay to complete the FAFSA! Always use FAFSA.gov.

68. R ESOURCES

69. UCanGo2.org

70. StartWithFAFSA.org StartWithFAFSA.org

71. Finish the FAFSA in Five Steps Finish the FAFSA in Five Steps

72. FAFSA Facts

73. Scholarship Success Guide

74. Facebook.com/UCanGo2

75. Oklahoma State Regents for Higher Education Oklahoma College Assistance Program Outreach Department 405.234.4239 866.443.7420 (toll free) UCanGo2@ocap.org