1. Financial Aid Overview 2014/2015 Office of Student Financial Assistance 1

2. Agenda  What is financial aid?  Where do I find financial aid?  How do I apply?  Who can help me? 2014/2015 2

3. What is financial aid? Monies received from  Federal  State  Institutional  Private resources 2014/2015 3

4. College costs  Public 2-year college (tuition and fees, in-state) - $3,131  Public 4-year college (tuition and fees, in-state) - $8,655  Public 4-year college (tuition and fees, out of state) - $21,706  Private 4-year college (tuition and fees) - $29,056 2014/2015 4 Source: bigfuture by The College Boardbigfuture

5. FAFSA 2014/2015 5 Help

6. Free Application for Federal Student Aid (FAFSA)  Largest source of student aid; distributed and processed by the U.S. Department of Education  Manual or electronic options  Opens January 1 of each year  Must be completed ANNUALLY  IRS Data Retrieval Tool opens in early February 2014/2015 6 www.fafsa.gov

7. Gather Important Data  Social Security Number  Driver’s License Number (if any)  2014 W-2 Forms and other records of money earned  Student: 2014 Federal Income Tax Return  Parent: 2014 Federal Income Tax Return (if you are a dependent student)  2014 untaxed income records  Current bank statements  Your current business and investment mortgage information, business and farm records, stock, bond and other investment records  Alien registration or permanent resident card (if you are not a U.S. citizen 2014/2015 7

8. Getting started  Monitor priority deadlines  State and institutional deadlines vary  Confirm FAFSA dependency versus independency requirements  Dependent students are required to include parental information  Divorce  Contact institution for special circumstances or professional judgment needs  Search for school codes  Plan to sign and submit online with a FSA PIN  www.pin.ed.gov 2014/2015 8

9. Student aid report  Received via e-mail within 3-5 days if you provided an email address  Received via mail within 7-10 days if you did not provide an email address  Correct errors, if needed  Will contain an expected family contribution (EFC)  Assists institutions in the financial aid award packaging process 2014/2015 9 Cost of attendance less expected family contribution = financial need

10. Additional info  Contact institution to determine award process  Contact institution to determine what other types of aid applications are available  Use student loans as a LAST RESORT  Make a friend in Financial Aid & Admissions 2014/2015 10

11. Florida Financial Aid Application (FFAA)  The Florida Financial Aid Application opens December 1 of the senior year  Apply early - must be completed prior to HS graduation date  One application is used for multiple programs, not just the Florida Bright Futures Scholarship Program  Must log-in to check status, online notifications and award history 2014/2015 11 www.floridastudentfinancialaid.org

12. 2014/2015 12 www.floridastudentfinancialaid.org

13. Bright Futures Test Score Requirements 2014/2015 13  Community service hours are required for ALL Bright Futures scholarships  FAS – 100 hours  FMS – 75 hours  GSV – 30 hours Graduation Year Year of Initial Eligibility FAS SAT ACT FMS SAT ACT 2014-152015-16129029117026

14. Bright Futures Award Amounts 2014/2015 14

15. Grants  Access to Better Learning and Education (ABLE)  Florida Resident Access (FRAG)  Florida Student Assistance (FSAG)  Jose Marti Scholarship Challenge (JM) 2014/2015 15

16. Scholarships  Bright Futures (BF)  Student Handbook Student Handbook  Chart of Eligibility and Award Criteria Chart of Eligibility and Award Criteria  Florida Incentive (FIS)  Mary McLeod Bethune (MMB)  Rosewood Family (RFS)  Scholarships for Children and Spouses of Deceased or Disabled Veterans (CSDDV) 2014/2015 16

17. FLVC  Florida Virtual Campus is Florida's official online student advising system that can assist high school students, college students, parents, and even counselors to help plan and track educational progress in Florida  Bright Futures Scholarship Eligibility Evaluation 2014/2015 17 www.flvc.org

18. FLVC 2014/2015 18

19. Fastweb  1.5 million scholarships worth more than 3 billion dollars  Targeted search  Other resources  College search  Career planning  And more!  www.fastweb.com 2014/2015 19 www.fastweb.com

20. Other  www.finaid.org www.finaid.org  High School or School District  Protect yourself from scams  Report to www.ftc.govwww.ftc.gov 2014/2015 20

21. Contact us  E-mail: osfa@fldoe.orgosfa@fldoe.org  Telephone: 1-888-827-2004  OSFA Outreach:  Robin Blank  561-357-4837  robin.blank@fldoe.org 2014/2015 21