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Welcome to FAFSA Time Alaska!

Learn about the FAFSA process, filing timeline, required documents, and how to create an FSA ID for federal student aid in Alaska. Get valuable information on state financial aid programs and verification process.

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Welcome to FAFSA Time Alaska!

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  1. Welcome toFAFSA Time Alaska!

  2. Presenter: [Presenter Name] [Presenter Title] [Presenter Organization]

  3. THE FAFSA PROCESS Understanding the FAFSA

  4. The FAFSA Free Application for Federal Student Aid • Evaluates a family’s eligibility for federal student aid programs • Serves as the application for state student aid: • Alaska Performance Scholarship (APS) • Alaska Education Grant (AEG) • Bases financial capacity on Prior-Prior Year (PPY) • Students must re-apply each year • Assets may change from year to year

  5. The FAFSA Goals Determines Expected Family Contribution (EFC) • A measure of you and your family’s ability to pay for college or career training • Used to determine your eligibility for federal student aid for a single school year Everyone should file the FAFSA • No income cutoff • Required for federal, state, and often campus-based aid • Many public and private scholarships require the FAFSA

  6. The FAFSA Filing Timeline • Opens up on October 1 • It is best to file as early as possible • Students and families use ‘Prior-Prior Year’ tax information (High school graduating class of 2020 will use their 2018 tax information to complete the FAFSA) • State priority deadline is June 30 (for APS and AEG) • Some funding is awarded on first-come, first-served basis • Some schools have early deadlines • Check deadlines on the school’s website • Don’t wait until after admission to the school

  7. Items to Gather for the FAFSA • Student's Social Security number • Student's parents' Social Security numbers • Student's driver's license number (if any) • Alien Registration number if a student is not a U.S. citizen • 2018 Federal tax information or tax returns including IRS W-2 information: • IRS Form 1040, and Schedules for Form 1040 (if any) • Foreign tax returns (if any) • Tax return for Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, the Federated States of Micronesia, or Palau (if any) • Records of untaxed income, such as child support received, interest income, and veterans noneducationbenefits • Information on cash, savings and checking account balances, investments including stocks, bonds, 529 college savings plans, and real estate (but not the home in which student and parents live), and business and farm assets (if any)

  8. FAFSA on the Web Worksheet • Provides a preview of the questions that you may be asked while completing the FAFSA online • Optional and should only be completed if you plan to complete the FAFSA online

  9. Student Aid Report (SAR) • SAR sent to the student within 3-10 days if the FAFSA was signed with an FSA ID (within 2 weeks if a printed signature page was used) • Review it for accuracy • Report any changes • SAR sent to school(s) listed on the FAFSA • School(s) will use EFC to determine your financial need • Schools send award letters to the student, or request additional information

  10. View or Print your SAR

  11. EFC on your SAR

  12. Award Letters • Schools may send paper or electronic award letters • Award letters show the amount of financial aid you will receive at the school • Can include grants, scholarships, work-study, and loans, but may not include all financial aid awards • Compare award letters at finaid.org/calculators • Act on the award letter – you can accept all or part of the award package, or decline it

  13. State Financial Aid • By filing the FAFSA, you’ve applied for State of Alaska financial aid programs • Your initial award letter from individual schools may not reference the Alaska Performance Scholarship (APS) and the Alaska Education Grant (AEG), even if you do qualify • Sign up for an Alaska Student Aid Portal (ASAP) account at acpe.alaska.gov/ASAPto monitor your eligibility status, and take any required action

  14. Verification • Save copies of documents used for your FAFSA • Be prepared to provide additional information • Schools verify approximately 30% of all applicants • Schools cannot certify many types of aid unless the student/family provides the necessary information by the verification deadline

  15. THE FSA ID

  16. What Does FSA ID Do?

  17. The FSA ID • The FSA ID – a username and a password – must be used to log into the FAFSA website • Your FSA ID confirms your identity when you access your financial aid information and electronically sign Federal Student Aid (FSA) documents • Both the student and one parent need to create their own personal FSA ID in order to have access to Federal Students Aid’s online system and sign the FAFSA electronically

  18. FSA ID Home Page fsaid.ed.gov

  19. Create an FSA ID • Step 1: Enter your e-mail address, and create a username and password. Click on continue. • Step 2: Enter your first and last name, middle initial, date of birth, and Social Security number. Click on continue.

  20. Create an FSA ID • Step 3: Enter your mailing address, city, state, and zip code. • Step 4: Register your mobile phone to be able to retrieve your username and reset your password. Click on continue.

  21. Create an FSA ID • Step 5: Complete the four challenge questions and answers – select the first two questions from a drop-down menu, and create the last two questions on your own. Click on continue.

  22. Create an FSA ID • Step 6: Read the information in the box before proceeding. • Step 7: Agree to terms and conditions by checking the box. Click on continue.

  23. Create an FSA ID • Step 8: Confirm the mobile phone number and e-mail address you provided by entering secure codes texted and e-mailed to you. Click on submit.

  24. FSA ID Created • Once your FSA ID and one of your parent’s FSA ID have been successfully created, you can proceed to the FAFSA

  25. FAFSA HOME PAGE AND LOGIN

  26. FAFSA Home Page fafsa.gov

  27. FAFSA Login

  28. FAFSA Login

  29. FAFSA Disclaimer

  30. Get Started

  31. Save Key

  32. Introduction

  33. STUDENT DEMOGRAPHICS Section 1

  34. Personal Information for Student

  35. Student E-mail and Phone

  36. Student Address

  37. Student Residency and Eligibility

  38. Student Education

  39. Student Selective Service

  40. Student Driver’s License

  41. Student Foster Care andParent Education Completion

  42. SCHOOL SELECTION Section 2

  43. Search for High School

  44. Search Results

  45. Search for Postsecondary Schools

  46. Search Results

  47. Housing Plans

  48. DEPENDENCY STATUS Section 3

  49. Student Marital Status

  50. Does Student Have Dependents?

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