1 / 35

Closing the Financial Aid Gap for Foster Youth October 28, 2009

Presenters. Chau Dao - Associate Director of Student Financial Aid Services and Programs, CSU Office of the ChancellorMichael McPartlin - Guardian Scholars Program Coordinator, City College of San Francisco . Learning Objectives. Provide basic overview of financial aid The Financial Aid process Review recent changes on the FAFSA form that pertain to foster youth Share latest information about Chafee Education and Training Voucher Answer your questions!.

MikeCarlo
Download Presentation

Closing the Financial Aid Gap for Foster Youth October 28, 2009

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    1. Closing the Financial Aid Gap for Foster Youth October 28, 2009

    2. Presenters

    3. Learning Objectives

    4. What is Financial Aid?

    5. Goals of Financial Aid

    6. The Financial Aid Process File application Verification Process Award Package Disbursement Financial Aid check

    7. The Financial Aid Process

    8. Currently, there is only a draft of the 2010-2011 FAFSA; this is the comment period for the financial aid community give input to any changes to this form. But the start of the filing period and priority deadline does not change. Currently, there is only a draft of the 2010-2011 FAFSA; this is the comment period for the financial aid community give input to any changes to this form. But the start of the filing period and priority deadline does not change.

    9. PIN Registration

    10. The Financial Aid Process It’s highly recommended that you meet all deadlines and notify the aid office of your timeline. Make sure the information on your FAFSA is as accurate as possible!!!It’s highly recommended that you meet all deadlines and notify the aid office of your timeline. Make sure the information on your FAFSA is as accurate as possible!!!

    11. The Financial Aid Process Aid officers would rather help the student/family understand the entire process at the beginning and to see that you are making an effort to learn. It is much, much harder, and more frustrating for everyone, when there is an issue to fix. Aid officers would rather help the student/family understand the entire process at the beginning and to see that you are making an effort to learn. It is much, much harder, and more frustrating for everyone, when there is an issue to fix.

    12. Definition of Need

    13. 2009-10 Cost of Attendance at CSU Chau- State university fee - $4026 for 12 units, full-time Mandatory student fee is added here. Each campus has different types of student fees. Chau- State university fee - $4026 for 12 units, full-time Mandatory student fee is added here. Each campus has different types of student fees.

    14. 2009-10 Cost of Attendance at OCC Note that most community colleges do not have on-campus housing so there is no On-campus Cost of Attendance.Note that most community colleges do not have on-campus housing so there is no On-campus Cost of Attendance.

    15. Sample of a Typical Award Package $21,145 COA This assumes student applies on-time by March 2nd, CA resident, and is at the freshman level. - $0 EFC _________________________ $21,145 Need ******************************************************************************************************************** Award w/o Chafee Fall Spring Total Federal Pell Grant $2675 $2675 $5350 State University Grant/Cal Grant $2013 $2013 $4026 Federal SEOG (grant) $200 $200 $400 Federal Work-Study $1000 $1000 $2000 Federal Subsidized Stafford Loan $1750 $1750 $3500 Total Aid $15,276 Unmet Need $5,869

    16. Sample of a Typical Award Package $21,145 COA This assumes student applies on-time by March 2nd, CA resident, and is at the freshman level. - $0 EFC _________________________ $21,145 Need ************************************************************************************************** Award w/ Chafee Fall Spring Total Federal Pell Grant $2675 $2675 $5350 State University Grant/Cal Grant $2013 $2013 $4026 Federal SEOG (grant) $200 $200 $400 Chafee Grant $2500 $2500 $5000 Federal Work-Study $1000 $1000 $2000 Federal Subsidized Stafford Loan $1750 $1750 $3500 Total Aid $20,276 Unmet Need $869

    17. The Financial Aid Process

    18. The Financial Aid Process Usually with loans, you need to make sure that you have signed all necessary paperwork. You will not receive a disbursement for loans until this is complete. Also, check your enrollment as all funds have a unit load minimum. Money is for living expenses such as books, gas, rent. Students need to learn how to budget because it has to last for the entire term! Usually with loans, you need to make sure that you have signed all necessary paperwork. You will not receive a disbursement for loans until this is complete. Also, check your enrollment as all funds have a unit load minimum. Money is for living expenses such as books, gas, rent. Students need to learn how to budget because it has to last for the entire term!

    19. Independent Student Definition Or born before January 1, 1987 These are the 6 basic requirements to be considered an independent student; only needs to meet one of 6. Or born before January 1, 1987 These are the 6 basic requirements to be considered an independent student; only needs to meet one of 6.

    20. FAFSA 2010: Questions Pertaining to Homeless and Foster Youth

    21. FAFSA 2010: Question 53

    22. FAFSA 2010: Questions 54 & 55

    23. FAFSA 2010: Answers 54 & 55

    24. Sample Ward of the Court Verification Letter

    25. FAFSA 2010: Questions 56, 57 & 58

    26. FAFSA 2010 Questions 56, 57 & 58

    27. FAFSA 2010 Questions 56, 57 & 58

    28. Homelessness Verification Letter

    29. California Student Aid Commission Chafee Grant Program Michael Michael

    30. HR 6893: Change to the Chafee

    31. General Eligibility & Priority

    32. Chafee (ETV) Program Michael Michael

    33. Resources Michael ? Michael ?

    34. CDSS Contact Information

    35. TICAS Laura Szabo-Kubitz Policy Associate Laura Szabo-Kubitz Policy Associate

    36. Questions or Comments? Michael ? – please add your address and contact information. Michael ? – please add your address and contact information.

More Related