College Applications & Financial Aid Information Session

1. College Applications & Financial Aid Information Session 2019 – 2020

2. Overview of Presentation

3. Senior year timeline - fall • Research colleges (Use Supermatch in Naviance) • Academic Fit • Graduation rate • Location • Majors • Size • Academic resources • Campus life • Default rate • Retake assessments • October 3rd deadline for November 2nd sat • November 8th Deadline for December 7th SAT • November 8th Deadline for December 14th ACT • Start writing essays and ask for feedback • Request letters of recommendation • Complete fafsa and css/financial aid profile if necessary

4. Senior year timeline - winter • Make sure you meet deadlines – several universities have a November 1st early action or priority application deadline • Early action vs. early decision – ea is non-binding and competing against a smaller pool of applicants. Ea is binding – must commit to that university and withdraw applications to other universities if accepted • Ensure that colleges have all required documentation to make an admissions decision • Do schools require official test scores? • Search for scholarships • Some Indiana scholarships can be found here – deadlines approaching! • All Seniors should create a scholar track account

5. Senior year timeline - spring • Review letters of acceptance • Compare financial award packages • Use this tool from consumer financial protection bureau to compare financial awards • Send in enrollment/housing deposits on time – most have a may 1st deadline

6. naviance • A new software to help provide a comprehensive approach to college and career planning and counseling • Students use this to order transcripts

8. Financial Aid • What is the financial gap? • Cost of attendance – Expected family contribution (EFC) = financial need • Financial need – financial aid awards = funding gap

9. Expected family contribution Student income + parent income/assets = $$ family is expected to contribute

10. Types of awards • Gift aid • Scholarships • grants • Self-help aid • Student employment • Loan programs • Federal student loans • Federal or private parent loans • Private loans

11. Net Price? • Cost of attendance – gift aid • This is what you have to pay using: • Employment • Savings • Loans • scholarships • Net price averages on Naviance or at the net price calculator center found here

12. FAFSA • Opens today – October 1st • Fill out 2020 – 2021 FAFSA using 2018 tax information • Deadline is April 15th – do it now! • A few updates • Redesigned look • New app – can file, but does not have same functionality • Can view federal student loan & aid history

13. FSA ID (fsaid.ed.gov) • Students need to create an fsa id to start the fafsa • Students should use personal email address, not school email address • Students need a social security number to file fafsa • If parents don’t have an ssn, fill in all “0” and print signature page for parents • Parents need an fsa id to digitally sign the fafsa

14. Irs data retrieval tool • Can link to irs to pull in tax information • Marital status must match tax filing status • Married on fafsa = married filing joint return • Not married/not living together on fafsa = single tax filing status • Address on fafsa must match what was submitted on tax return • Hint: if trouble matching, visit usps.com and select the look up zip code option to confirm us postal address

15. Who can’t use irs data retrieval?

16. Fafsa – attention to details • Login is always the student’s information • Students log in with fsa id • Parents login with student identifiers (name, dob, ssn) • Questions are always asked from student’s perspective • Don’t leave any questions blank • Pay close attention to box 12 • Tax-Deferred Pensions

17. Who are my parents?

18. Who should/shouldn’t file fafsa?

19. What next?

20. Questions? www.slido.com Event Code: 6742