This document summarizes a financial aid workshop that discusses various types of financial aid including grants, scholarships, loans, and work study. It outlines key financial aid applications like FAFSA and Cal Grant, how to complete them, and important deadlines. The presentation provides information on different sources of aid from the federal and state government as well as colleges. It also addresses special circumstances, next steps after applying, examples of financial aid award packages, and resources for help or additional information.

1. Sponsored by: Saint Ignatius College
Prep Counseling Department
Presented by: Anna Maria Vaccaro

2.  Types and sources of financial aid
 Required financial aid application forms
 How to complete the FAFSA (Free
Application for Student Aid) and Cal Grant
GPA
 Answers to your individual questions
What Will You Learn At This
Workshop?
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3. Types of Financial Aid
 Gift Aid - Grants or
scholarships that do not
need to be repaid
 Work - Money earned by
the student as payment
for a job on or off campus
 Loans - Borrowed money
to be paid back, usually
with interest
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4. Sources of Financial Aid
 Federal government
 Pell Grant
 FSEOG Grant
 Work Study
 Title IV Loans
 State government
 Cal Grants A, B, C
 Middle Class Scholarship (NEW)
 Colleges and universities
 University Grant
 University sponsored scholarships
 Private agencies, companies,
foundations, and parents’ employers
 Scholarships
 Fellowships (GRADUATE SCHOOL)
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5. Types of Applications
 FAFSA
 Cal Grant GPA Verification Form
 Other applications or forms as required by the
college such as:
• 2014 federal tax returns (along with all schedules
and W-2s) or other income documentation
• CSS/Financial Aid PROFILE
• Institutional Scholarship and/or Financial
Aid Application
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 Undocumented student covered under AB540
should complete the California Dream Act
Application

6. Scholarships
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.

7. Cal Grants
 Cal Grant A Entitlement Awards
for high school seniors and recent high school grads with a Grade
Point Average (GPA) of at least 3.0, family income and assets
below the state ceilings, who demonstrate financial need
 Cal Grant B Entitlement Awards
for high school seniors and recent high school grads with a GPA
of at least 2.0, who come from disadvantaged or low
income families, whose family income and assets are below the
state ceilings, and who demonstrate financial need
 Cal Grant C Awards
for students from low income families pursuing vocational
programs of study
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GPA includes unweighted courses
in 10th & 11th minus PE/ROTC.
Made up courses are considered.

8. Possible Cal Grant and
Federal Pell Maximum Awards
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If the student qualifies for
Cal Grant, amounts vary
depending on the
college/university
attended, financial need,
year in college (full- or
part-time)
If the student qualifies for
the Federal Pell Grant,
amounts vary depending
on family contribution and
enrollment status (full- or
part-time)
Other eligibility
requirements may apply
Cal Grant* (From $5,472 to $12,192)
 FAFSA or - for AB540 students
- The California Dream Act Application
 Verified GPA
 Apply by March 2, 2015
Federal Pell Grant (up to $5,730)
 FAFSA
= $11,202 to $17,922
annually depending on the
college/university the
student attends and financial need
* Check for eligible schools at: www.csac.ca.gov
+

9. 2014-2015 Cal Grant
Application Requirements
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Check with your high school or college counselor for more details on how to file the
Cal Grant GPA Verification Form, required of all students
•By March 2, 2015, complete and submit:
Free
Application for
Federal
Student Aid
(FAFSA)
OR
Cal Grant
GPA
Verification
Form
If eligible under AB540,
students should
complete the
California Dream Act
Application:
www.caldreamact.org

10. California Chafee Grant
•The California Chafee Grant program
provides up to $5,000 annually to
current and former foster youth for
college or vocational training at any
accredited college in the U.S., based on
available funding
•To be eligible, foster youth must have
been in California foster care on their
16th birthday and not have reached
their 22nd birthday before
July 1, 2015
To apply for a
Chafee Grant, go to:
www.chafee.csac.ca.gov
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11.  Undergraduates with family incomes of up to $150,000
who:
 Submit 2015-16 Free Application for Federal Student Aid
(FAFSA) by March 2, 2015
 attend a UC or CSU
 are U.S. citizens, permanent residents, or have AB540 status
 are California residents, and
 maintain a 2.0 cumulative GPA
 Annual award amounts:
 To be determined by the California Student Aid Commission
 Amount will increase ea yr until 2017-2018
 Maximum amount awarded 40% of tuition at a UC or CSU
Middle Class Scholarship
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NEW!!!!

12. Step 1 – Student Demographics
Step 2 – Financial Information (student)
Step 3 – Dependency Status
Step 4 – Parent Demographics & Financial
Info
Step 5 – Only for Independent Students
Step 6 – School Selection
Step 7 – Signature Page
FAFSA
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13. 13
#1: CA private college or CA public if no CA
private college
Be attentive to deadline dates for each
transaction
#2-4 Challenging and preferred private
colleges
#5-10 Already accepted colleges or “likely”
colleges or public universities/colleges
SCHOOL SELECTION

14. Section 1 – Student Demographics
Section 2 – School Selection
Section 3 – Dependency Status
Section 4 – Parent Demographics
Section 5 – Financial Information [both
student and parent(s) and/or
stepparent]
Section 6 – Sign and Submit
Section 7 – Confirmation
FAFSA
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15. 15
 Contact the Financial Aid Office if there are circumstances
which affect a family’s ability to pay for college such as:
 Loss or reduction in parent or student income or assets
 Death or serious illness
 Natural disasters affecting parent income or assets such as
the recent California wind storms, wild fires, floods, or
mudslides
 Unusual medical or dental expenses not covered by
insurance
 Reduction in child support, Social Security benefits or other
untaxed benefits
 Financial responsibility for elderly grandparents, or
 Any other unusual circumstances that affect a family’s ability
to contribute to higher education
Special Circumstances

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 After the student completes the FAFSA on
the Web, a SAR will be sent to the student
 An electronic SAR Acknowledgment will
be sent if student provides an email
address
 A paper SAR will be mailed if no student
e-mail address is provided
 An electronic copy of the data will be sent to
each college or university listed by the
student in Section 2
 Keep a copy of the SAR with other financial
aid documents
Student Aid Report (SAR)

17. What Happens Next?
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Students and the colleges receive Student Aid Report (SAR) from
federal processor

Students who complete FAFSA and Cal Grant GPA Verification Form
receive California Aid Report (CAR)

Students and families review SAR and CAR for important information
and accuracy of data & update SAR info

Submit SAR to additional colleges (NOTE: CA college for first line & rank
order does matter)

Colleges match admission records with FAFSA and other required
financial aid forms to determine aid eligibility

Colleges provide notices of financial aid eligibility to admitted students
who have completed all required financial aid forms

Turn in acceptance of Award Letter & update CAR

18. Section 5
IRS Tax Transcript
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19. 19
 Create a WebGrants account at:
Check Your Cal Grant

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SHOPPING SHEET

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 College Score Card
 www.collegecost.ed.gov
 Loan Calculator
 www.finaid.org/calculators/loanpayments.phtml
 College Aid Comparison Tool
https://bigfuture.collegeboard.org/pay-for-college/financial-
aid-awards/compare-aid-calculator
Tools for you….

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Low Income Family
• $60,000 total cost
• -$5,000 EFC
• -$9,708 Cal Grant A
or B* ($1648)
• -$5,645 Pell Grant
• -$20,000 University
Grant
• -$10,000 Merit Aid
• -$8,000 School
Based Scholarship**
• -$3,299 Perkins
Loan
• 100% need met
Middle Income Family
• $60,000 total cost
• -$10,000 EFC
• -$9,708 Cal Grant A
• -$20,000 University
Grant
• -$10,000 Merit Aid
• -$,8,000 School
Based Scholarship
**
• -$3,944 Direct
Subsidized Loan
• 100% need met
Above Income Family
• $60,000 total cost
• --$30,000 EFC
• -$10,000 Merit Aid
• -$8,0000 School
Based Scholarship
• -$3,000 Direct
Subsized Loan
• -$2,500 Unsubsized
Loan
• -$4,500 Plus Loan
• 100 % need met
Fin Aid Award Letters & EFC
**Check for GPA requirement * if
renewable * other requirements

23. FAFSA Information & Tips
 File early for CSS Profile & FAFSA
Check CSS Profile deadline for
each campus & FAFSA – they vary
 Use estimated 2013 income
information if taxes are not
complete at time of FAFSA
submission
 Update FAFSA information once
2014 Tax forms are filed – file
early
 Apply for financial aid EVERY
YEAR including scholarships
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 FAFSA on the Web – Live Help
 Phone 1-800-4-FED-AID
(1-800-433-3243)
 E-mail the U.S. Department of
Education at:
FederalStudentAidCustomerService@ed.gov
If You Need Help at Any Time