FAFSA Night for the Senior Class of 2014

1. FAFSA Night for the Senior Class of 2014

2. Financial Aid Types • Grants aremoney you don’t have to repay, typically based on financial need. • Scholarships are free money, usually based on your area of study or merit. • Work-study or student employment programs—federal and college. • Loans are borrowed money that you must pay back, usually with interest.

3. Basic Steps to Financial Aid • Prepare for college • Apply for financial aid • Pay for college • Manage your money

4. GRANTS • Cal Grants • Cal Grant A: up to $12,192 • Cal Grant B: up to $1,551 first year, up to $13,743 thereafter • Cal Grant C: up to $3,168 • Middle Class Grant • Federal Pell Grant • Up to $5,550 a year • Federal Supplemental Educational Opportunity Grant • Up to $4,000 a year • Federal TEACH Grant • Up to $4,000 a year

5. Special Programs • Fee waivers and other college-based programs • See your college financial aid office • Work-study • Federal work-study • College work-study • Student employment programs

6. FAFSA STEPS • Get a Personal Identification Number (PIN) for both the student and at least one parent • Sign up for your PIN anytime at www.pin.ed.gov • FAFSA application for the 2014-15 college year opens January 1st, 2013 • Complete the FAFSA by March 2nd, 2013 Make sure the site you input data to ends in .gov

7. Get your PIN • Why use a PIN? • Sign FAFSA electronically • Access your FSA records online • Make corrections • Who can apply? • Students • Parents www.pin.ed.gov

8. Using the PIN Website www.pin.ed.gov ALLOWS THE FOLLOWING: Apply for a PIN Check PIN status Request a duplicate PIN Access/Update email address and personal information Change PIN Disable, reestablish, activate PIN Note: Never ask for or give your PIN to anyone. REQUIREMENTS: • Social Security number • Name • Date of birth • Address • Email address (encouraged) • Challenge question response A PIN will be issued upon submitting the request. Note:A PIN will be rejected if there is no Social Security Administration match.

9. FAFSA on the Web (FOTW) Using FOTW • Ask Questions • Browse Help • Deadlines • Announcements …and more www.fafsa.gov

10. FAFSA on the Web (FOTW) Contact Us • Live “chat” • (800) 433-3243 • federalstudentaidcustomerservice@ed.gov www.fafsa.gov

11. FAFSA on the Web (FOTW)

12. www.fafsa.gov Start Here: Initial FAFSA Corrections Signatures Continuing a Saved FAFSA Renewal FAFSA

13. www.fafsa.gov Make sure the site you input data to ends in .gov

14. FAFSA 7 Steps • The Student • School Selection • Student’s Dependency Status • Parent Information for Dependent Students • Student Income / Assets • Signatures and Certification • Confirmation

15. Step 1: Student Demographics Check for: • Name matches student social security card • Transposed numbers • Incorrect data on numeric fields Tip: Use the Help & Hints section on each page. Simple mistakes can delay determining eligibility for aid

16. Step 1: Student Demographics Students with a high school diploma and who have never attended college must: • Identify their high school • Select Confirm to find a match. • Select the school from the list or select Next to continue.

17. Step 2: School Selection • Add a School • Federal School Code • Search by: • State • City • Name • Housing Plans • On campus • With parent • Off campus

18. NET PRICE CALCULATOR • Congress passed a law requiring all colleges to offer a “net price calculator” on their websites • Allows prospective students to figure out how much it will cost them to go to college • Compare net price of one school to another school

19. Step 3: Dependency Determination “No” to all questions: Makes the student “dependent” Must submit parent information Note: childmust be supported financially—more than 50%

20. Foster Care Select Yes if at any time since the student turned age 13, he/she was in foster care even if no longer in foster care today due to: • Adoption • Reunification • Reached the age of majority (18 yrs.) Note: documentation may be required.

21. Emancipated Minors Select Yes if the student: • as of today, is an emancipated minor or • was an emancipated minor immediately before turning 18 years old. Note: Documentation issued from a court in the student’s state of legal residence may be required.

22. Legal Guardianship

23. Homeless, Unaccompanied Youth Select Yes if any time after July 1, 2013, the student meets all three criteria: “Homeless” or “at risk of being homeless” • Lacking fixed, regular and adequate housing. Includes living in shelters, motels, cars, or temporarily living with other people because you had nowhere else to go. “Unaccompanied” • Not living in the physical custody of a parent or guardian “Youth” • 21 years or younger • Still enrolled in high school at the time the FAFSA is completed

24. Homeless, Unaccompanied Youth • A student is eligible for homeless youth status if he/she meets the homeless definition and was determined to be homeless by his/her high school or school district homeless liaison, the director of a runaway or homeless youth center, or HUD • Students who meet this criteria are independent • A student is also eligible for homeless youth status if he/she meets the homeless definition, but was determined to be homeless by the financial aid office; • Students who meet this criteria can use FAFSA on the Web to self-identify.

25. Step 4: Parent Information Parents must answer both demographic and financial information to determine • Custodial parent(s) • Ability to contribute to student’s education expenses

26. Divorced or Separated • Provide parent’s information for the parent(s) with whom the student lived with most during the last 12 months • If the student spent equal time with both parents, use the information for the parent who provided the greatest amount of financial support for the student

27. Remarried Parent Provide information about the parent andstepparent regardless of: • Agreement of “nonsupport” • Prenuptial agreement • Divorce decree designating tax filing exemptions Note: parent claiming the student on the tax return need not be the parent required to provide data on the FAFSA

28. Parent Information Do not provide parent information for • Foster parent(s) • Student is automatically considered an independent student • Grandparents, other relatives or legal guardian(s) • Colleges may use professional judgment to allow the student to file as an independent student

29. Parent Information For Upcoming Year Household Size: Parent provides more than 50% financial support Number in College: Student enrolled at least half-time

30. Parent Information Definition of a Dislocated Worker • Lost job • Laid off • Self-employed/ unemployed or underemployed • Displaced homemaker

31. Parent Income and Asset Information Same questions asked of students Selecting a box displays additional fields to complete

32. Parent Income and Asset Information • Question displays if the student: • Is not eligible for an automatic zero EFC or simplified needs calculation, and • Reports a state of legal residence that allows students to skip income and asset questions

33. Step 5: Student 2013 Income and Assets IRS Data Transfer • Transfer information directly from the IRS • Requires PIN • Available January 31st • After filing tax return

34. Income Reporting and Verification Selected students and parents must submit income and asset documentation • Using IRS Data Transfer (unchanged) meets verification requirements for some income information • Otherwise only an IRS Tax Return Transcript will meet verification requirements • ID Theft updates

35. Student Income and Assets • Adjusted Gross Income (AGI) • Amount earned from work • Taxes paid • Exemptions • Cash/Investments • Asset Threshold

36. Step 5: Student Financial Information Students are askedthe same questionsas parents.

37. Step 6a: Student Sign and Submit • Select Signature Method • PIN or printed signature page • Terms of Agreement • $$$ for education expenses only • Not in default on a federal student loan • Not owe money • Receive one Pell Grant from one college at a time

38. Step 6b: Parent Sign and Submit Select Signature Method • PIN or printed signature page Terms of Agreement • Provide documents to verify accuracy of information • IRS verification

39. Step 7 : Confirmation Confirmation Page • Confirmation # • DRN • Optional feature: transfer FAFSA data • Eligibility information • College information • Next steps 2012-2013

40. Student Aid Report (SAR) • Received electronically or by mail, • Summarizes FAFSA information • Displays the EFC and DRN (upper right-hand portion on the SAR) EFC- Expected Family Contribution; used to determine eligibility for federal aid DRN- Data Release Number; used to send SAR to additional schools

41. Cal Grants Overview Find out if the school you want to attend qualifies for Cal Grants www.csac.ca.gov

42. Basic Cal Grant Eligibility

43. WWW.CSAC.CA.GOV

45. Cal Grant A

46. Cal Grant B

47. Cal Grant C

48. Cal Grant C • Priority now given based on Occupational Goal • Meeting 2 of the 3: High employment need, High employment growth, and High wage

49. Cal Grant Renewal Eligibility • Renewal participants must meet income and asset ceilings. • Students must meet satisfactory academic progress standard of school

50. Cal Grant Income & Asset Ceilings