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Cal State University, East Bay Preview Day 2015 Welcome to The Bay!

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Presentation on theme: "Cal State University, East Bay Preview Day 2015 Welcome to The Bay!"— Presentation transcript:

1 Cal State University, East Bay Preview Day 2015 Welcome to The Bay!

2 You will …  Prepare for the aid application process that starts in January  Learn financial aid terms and concepts  Hear tips to help the process proceed smoothly Via Talk & Short Videos

3 Myths About Financial Aid  http://www.youtube.com/watch?v=K8JuaYVJ_LE http://www.youtube.com/watch?v=K8JuaYVJ_LE  File early with estimates  Use the IRS Data Retrieval Tool when tax returns are filed (if eligible) www.fafsa.gov (March 2 nd priority deadline)

4 Answers to look for …  How do I apply?  How much does it cost?  Am I guaranteed to get free money?  http://www.youtube.com/watch?v=kbJ55UWMEFE http://www.youtube.com/watch?v=kbJ55UWMEFE Applying for Aid

5 Points to emphasize …  Apply @ fafsa.gov each January  Application is FREE  Grant eligibility is based on your FAFSA info “loans ARE financial aid” Applying for Aid

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7 Answers to look for …  What can I use aid to pay for?  What aid types do not have to be repaid?  How much money should I borrow?  http://www.youtube.com/watch?v=Pn4OECMTh5w http://www.youtube.com/watch?v=Pn4OECMTh5w Federal Aid Types

8 Points to emphasize …  Aid can be used to cover Cost of Attendance (student budget)  Grants (free $) and work-study job (earned $) are not repaid  Make a budget; borrow as little as possible; it’s not Monopoly $ Federal Aid Types

9 Answers to look for …  What info should I gather?  What if taxes aren’t filed yet?  How do I sign the FAFSA?  https://www.youtube.com/watch?v=VRyXfUStHO0 https://www.youtube.com/watch?v=VRyXfUStHO0 Filling Out the FAFSA

10 Points to emphasize …  Careful w/ legal name (hyphen, nicknames), SSN, and DOB  Use IRS Data Retrieval Tool when taxes are filed  FSA ID is your e-signature and can be obtained at fafsa.gov Filling Out the FAFSA

11 Not Eligible to File the FAFSA? www.csac.ca.gov/dream_act.asp

12 Answers to look for …  What is a priority deadline?  What is a Cost of Attendance?  What is an Expected Family Contribution (EFC)?  http://www.youtube.com/watch?v=c-23SMf5DyQ http://www.youtube.com/watch?v=c-23SMf5DyQ Priority and Need

13 Points to emphasize …  March 2 nd is priority deadline (allow buffer for fixing errors)  COA has actual/estimated costs  EFC is an index for eligibility  Visual look at COA-EFC=Need Priority and Need

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15 Monitor & Manage Your Cal Grant Change School, Update Personal Info, Report Graduation Date https://mygrantinfo.csac.ca.gov

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17 Answers to look for …  What is a Student Aid Report?  What if my FAFSA has errors?  How do I learn about the loan rights and responsibilities?  http://www.youtube.com/watch?v=JQxorQ9s_pY http://www.youtube.com/watch?v=JQxorQ9s_pY What Happens Next

18 Points to emphasize …  Student Aid Report is summary  SAR comments identify errors Don’t miss priority date because of errors!  Loan counseling required  Master Promissory Note (MPN) states terms and conditions What Happens Next

19  Money you apply for and win  Typically awarded for area of study, good grades, special talents, or community service  You don’t have to repay scholarship money Type “scholarships” in the CSUEB website search box Scholarships University and Outside Sources

20 Cal State University, East Bay Preview Day 2015 Question Period Follows


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