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Financial Aid
Workshop
2016-2017
Award Year
Financial Aid Formula
Cost of Attendance
-- Expected Family
Contribution
(EFC)
________________________
= FN =, or not =, ...
Definition of Financial Need
Cost of Attending
College (COA)
College tuition, fees,
books, housing,
meals, transportation
...
Comparing College Costs
UC
$13,200
CSU
$7,077
Independent
$10,000 +
Community
College
$46 per unit
$552 for
12 units
Yearl...
Cost of Attendance
- Financial Aid
_______________________
= PLUS eligibility 6.84%
PLUS
Loans
Financial Aid Packages
www.fafsa.gov
Grants Work Study Loans Scholarships
“Gift Aid” usually
based on
financial need
Jobs ...
“Raising all of
them was hard
enough, but
when she heard
that she had to
fill out financial
aid forms for all
of them. . .”
Start the 2016-2017 FAFSA
 Schools to receive information
◦ Federal School Codes - List up to 10 schools to receive
your ...
Completing the FAFSA
Student Information – Section 1
Student Dependency –
Section 2
1993
Parent Information
Section 3
Parent Information
Section 3
Parent Information – Section
3
Supplemental Information
 PARENT DEMOGRAPHIC INFORMATION
 Parent’s Marital Status: Parent’s Email Address:
 When did yo...
Key FAFSA Dates
December 31st -- Income
Signing -- Assets
2016-2017 Award Year
www.fafsa.gov
Special Circumstances
 Medical/Dental
 Elementary/Secondary Tuition –
private schools
 Disasters/Crisis (loss of
employ...
Undocumented Students –
Rights and Responsibilities (AB
540) Undocumented students:
 Cannot be denied admission based on...
AB131 – Dream Act
 Allows student who meet AB 540
criteria to receive Cal Grants
 For Cal Grant “Entitlement” candidates...
Middle Class Scholarship
 California – UC and CSU – FAFSA
Application
- under $100,000 – up to 40%
- $100,001 - $150,000 ...
Paperwork
 Admissions
 Scholarships
 Financial Aid
 Housing
 Special Program
Deadlines vary
Certificate of Mailing
U.S. Postal Service CERTIFICATE OF MAILING
MAY BE USED FOR DOMESTIC AND INTERNATIONAL MAIL. DOES NO...
Next steps
 Enter the information from this
worksheet
www.fafsa.gov
No later than March 2, but at your earliest possible
...
Next Steps
 Independent /Private Colleges
If you are applying to independent/private
colleges, inquire if you will need t...
Application Flow Chart
Student
FAFSA
Federal Central
Processing System
ESAR
Roster SAR
College
AID PACKAGE
Disbursement Sy...
Scholarships – A kind of “gift aid” that recognizes talent in
academics, music, drama, athletics, leadership, service, etc...
Keep in mind
•Final Decision – each college
•Write a letter to EACH Financial Aid Office
•Student’s name and ID on everyth...
Changes for 2017-2018
Application cycle begins October 1, 2016 (rather than
January 1, 2017
Income data based on “prior-pr...
Cash for College Workshops
 Please come and get FREE individual assistance with the following:
• $ Free Application for F...
Thinking ahead – Class of
2017
San Diego National College Fair
2016
Tuesday, April 20, 2016
9:00 a.m. to 12 noon
6:00 p.m....
QUESTIONS…
Thank you for attending
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Financial aid workshop presentation 2016

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Financial aid workshop presentation 2016

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Financial aid workshop presentation 2016

  1. 1. Financial Aid Workshop 2016-2017 Award Year
  2. 2. Financial Aid Formula Cost of Attendance -- Expected Family Contribution (EFC) ________________________ = FN =, or not =, FA Please visit: www.collegeboard.com/pay
  3. 3. Definition of Financial Need Cost of Attending College (COA) College tuition, fees, books, housing, meals, transportation and other related costs associated with attending school. Expected Family Contribution (EFC) The amount of money the government believes you and your family can reasonably contribute toward your education. Your EFC determines the types and amounts of Federal and State aid you are eligible for. Financial Need – Types of Aid  Scholarships  Grants  Loans  Work Study $25,000 (total cost for living on campus) $5,000 remains the same at all colleges $20,000 (aid packages can vary by college) Financial Need = Cost of Attending School minus Expected Family Contribution
  4. 4. Comparing College Costs UC $13,200 CSU $7,077 Independent $10,000 + Community College $46 per unit $552 for 12 units Yearly Tuition Costs Additional Costs of Attendance include: College fees: $1000 (student fees, parking, etc. ) Books: $2000 (both semesters) Room and Board: $12,000 – $15, 500 per year Personal Expenses: $3000
  5. 5. Cost of Attendance - Financial Aid _______________________ = PLUS eligibility 6.84% PLUS Loans
  6. 6. Financial Aid Packages www.fafsa.gov Grants Work Study Loans Scholarships “Gift Aid” usually based on financial need Jobs to help pay for school Money on loan which must be repaid with interest after school attendance is stopped Free Money based on specific criteria  Pell Grant  Chafee Grant  Board of Governors (BOG)  Cal Grant  Employment at the Campus  Not necessarily need based.  Subsidized  Unsubsidize d  On Campus  Off Campus
  7. 7. “Raising all of them was hard enough, but when she heard that she had to fill out financial aid forms for all of them. . .”
  8. 8. Start the 2016-2017 FAFSA  Schools to receive information ◦ Federal School Codes - List up to 10 schools to receive your information. Write school code (codes can be obtained from the www.fafsa.gov website or see your school counselor). List most expensive school first. List a California school in the first three For each, indicate the appropriate housing plan. 1. On Campus 2. With parents 3. Off Campus 1st College Federal School Code Housing Plan  on campus  with parent  off campus
  9. 9. Completing the FAFSA Student Information – Section 1
  10. 10. Student Dependency – Section 2 1993
  11. 11. Parent Information Section 3
  12. 12. Parent Information Section 3
  13. 13. Parent Information – Section 3
  14. 14. Supplemental Information  PARENT DEMOGRAPHIC INFORMATION  Parent’s Marital Status: Parent’s Email Address:  When did your parents get married, separated or divorced?  Have your parents lived in California for the past 5 years? Yes or NO  Your Parent’s number of family members in household 2016-2017:  How many people in your parents’ household will be college students between July 1, 2016 and June 30, 2017?
  15. 15. Key FAFSA Dates December 31st -- Income Signing -- Assets
  16. 16. 2016-2017 Award Year www.fafsa.gov
  17. 17. Special Circumstances  Medical/Dental  Elementary/Secondary Tuition – private schools  Disasters/Crisis (loss of employment, loss of home, divorce, etc.)
  18. 18. Undocumented Students – Rights and Responsibilities (AB 540) Undocumented students:  Cannot be denied admission based on immigration status  Are not required to show an ID or Social Security card for admission  Are not required to show proof of legal US Residency for admission if attended US High School for past 3 years and graduate from US High School  Special Application is required at UC, CSU and Community Colleges – contact the Admissions Office at these colleges and request the AB 540 Application  Students will receive in-state tuition  Students do not qualify for financial aid; the family must provide for the cost of attendance
  19. 19. AB131 – Dream Act  Allows student who meet AB 540 criteria to receive Cal Grants  For Cal Grant “Entitlement” candidates only ◦ GPA of 3.0 for Cal Grant A (unweighted) ◦ GPA of 2.0 for Cal Grant B (unweighted) ◦ Online application will be opened January 2015 to gather FAFSA-like information ◦ Apply on line at dream.ca.gov
  20. 20. Middle Class Scholarship  California – UC and CSU – FAFSA Application - under $100,000 – up to 40% - $100,001 - $150,000 – at least 10% - no set amounts – being phased in over 4 years - how many apply, stage budget amount  Other colleges – check with each
  21. 21. Paperwork  Admissions  Scholarships  Financial Aid  Housing  Special Program Deadlines vary
  22. 22. Certificate of Mailing U.S. Postal Service CERTIFICATE OF MAILING MAY BE USED FOR DOMESTIC AND INTERNATIONAL MAIL. DOES NOT PROVIDE FOR INSURANCE – POSTMASTER ________________________________________________________________ Received From: __________________________________________________________________ _______ One piece of ordinary mail addressed to: Affix fee here in stamps or meter postage and postmark. Inquire of Postmaster for current fee.
  23. 23. Next steps  Enter the information from this worksheet www.fafsa.gov No later than March 2, but at your earliest possible time. Cal Grant awards are given at intervals within the time period of January 1 through March 2.  CAL Grant GPA The Sweetwater Union High School District will automatically send your Cal -Grant GPA to the California Student Aid Commission.
  24. 24. Next Steps  Independent /Private Colleges If you are applying to independent/private colleges, inquire if you will need to complete the following forms - CSS Financial Aid Profile - Institutional Financial Aid form  Scholarship Applications  Other Applications Register and apply at www.collegeboard.com (worksheet, and on-line help available).
  25. 25. Application Flow Chart Student FAFSA Federal Central Processing System ESAR Roster SAR College AID PACKAGE Disbursement System SAR Student
  26. 26. Scholarships – A kind of “gift aid” that recognizes talent in academics, music, drama, athletics, leadership, service, etc. May or may not be based on financial aid. Scholarship Portfolio Transcript Resume 2 letters of recommendation Personal Statement/ Essay Responses • Shake the Family Tree • Employers • Organizations • Religious Groups • Local Sources • Community Service Groups • Cultural Clubs • Relatives fastweb.com collegeanswer.com AVOID SCAMS – “Guarantees”, “Secrets”, Trusted Advisors – they charge for what you can do for free!
  27. 27. Keep in mind •Final Decision – each college •Write a letter to EACH Financial Aid Office •Student’s name and ID on everything •Keep a copy of everything •Keep in touch with each office at college – Financial Aid, Admissions, Housing, Others •Deadlines •Re-apply each year
  28. 28. Changes for 2017-2018 Application cycle begins October 1, 2016 (rather than January 1, 2017 Income data based on “prior-prior year” from 2017-2018, use 2015 tax data This is in early stages of development ………Keep in touch with FAO for updates
  29. 29. Cash for College Workshops  Please come and get FREE individual assistance with the following: • $ Free Application for Federal Student Aid (FAFSA) • $1,000 Scholarship Opportunity! Free Support to submit FAFSA on-line February 6, 2016 9:00 – 12 noon Montgomery High 3250 Palm Ave San Diego, CA 92154 February 20, 2016 9:00 – 12 noon Chula Vista High 820 Fourth Ave Chula Vista, CA 91910 February 27, 2016 9:00 – 12 noon Eastlake High 1120 Eastlake Pkwy Chula Vista, CA 91915
  30. 30. Thinking ahead – Class of 2017 San Diego National College Fair 2016 Tuesday, April 20, 2016 9:00 a.m. to 12 noon 6:00 p.m. to 8:30 p.m. San Diego Convention Center
  31. 31. QUESTIONS… Thank you for attending

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