This presentation provides an overview of financial aid for Parsippany High School students. It defines financial aid as funds to help pay for postsecondary education. It discusses the cost of attendance, expected family contribution, and financial need calculation. It covers the types of aid including scholarships, grants, work-study, and loans. Significant details are provided on applying for federal financial aid through the FAFSA, including the information required, IRS data retrieval, and application process. State aid programs for New Jersey are also reviewed.
Nov. 10, 2011 Wissahickon HS Financial Aid NightChristopher
Fran McKeown, a representative from PHEAA (Pennsylvania Higher Education Assistance Agency), presented to parents and students of Wissahickon HS about financial aid.
Nov. 10, 2011 Wissahickon HS Financial Aid NightChristopher
Fran McKeown, a representative from PHEAA (Pennsylvania Higher Education Assistance Agency), presented to parents and students of Wissahickon HS about financial aid.
Students will learn about how the different forms of financial aid can help them finance their college education, and how to obtain funding help when paying for college.
Avoid the Trap: How to Make it Through College Without Becoming a Financial P...Steve Miller, CFA
Learn What Your Expected Payoff From Earning a College Degree Will be
Information on the value and true cost of pursuing a college education can be difficult to find and interpret. Because no one is incentivized to provide it.
Using the quadrant approach students can identify their primary motivation for considering college and the factors to evaluate based on this motivation.
Most students end up needing to take some loans to make it through. It's important for students to understand the implications of this borrowing to ensure the consequences of borrowing are fully understood prior to taking on loans.
Checklists included to help with identifying and tracking all of the factors that should inform students decision on this important matter.
How to fill out the FAFSA (Free Application for Federal Student Aid), from Darryl Young and the 15K Degrees Initiative in Louisville, KY (www.15kdegrees.org)
December 2014 Student Loan Seminar PresentationKristina Flores
Prospera Credit Union (https://myprospera.com) is a local credit union that now serves a four-county area and is strong enough to provide you with everything you need, yet small enough to know you personally and care about your and your family's prosperity. When you choose Prosepra, you become a member, not just a customer. Part of a family. A family that works together for everyone's benefit.
Prospera Credit Union's history dates back as far as 1934, when it was officially opened for business under the Banta Credit Union name. Over the years, the number of people eligible to join was expanded to include nearby counties and communities. In 2002, the name was changed to Prospera, but, our basic promise to our members has always been the same.
What's your LIFEstage?
We provide personal, tailored guidance that leads to prosperity for all our members. (https://myprospera.com/lifestages)
Starting On Your Own
Singles
Couples
Parenting Young Children
Parenting with Teenagers
Empty Nesters
Retireees
Divorce
Widow / Widower
Our services include:
Home Loans, Home Loan Rates and Current Mortgage Rates
Home Equity Loans
Auto Title Loans as well as Boat and RV Loans
Credit Cards
Personal Loans
Protection Plans
Loan Appllications
Free Bill Pay
Interest Bearing Checking
Overdraft Protection
Automatic Overdraft Transfer
Team and Club Community Checking
Share Savings
CDs, IRAs & Money Markets
Checking, Savins, CD and Money Markets
Investment Products and Services
Business Rates
Auto Calculators
Mortgage Calculators
Looking for a way to contact us? Please call us at 920-882-4800 or fill out the below contact form on our website (https://myprospera.com/contact-us)
Come visit us at one of our four locations:
Appleton Branch - 4830 N. Ballard Rd. Appleton, WI 54913
Neenah Location - 934 S. Green Bay Rd. Neenah, WI 54956
Menasha Location - 849 Warsaw St. Menasha, WI 54952
Darboy Location - N9660 County Rd. N Appleton, WI 54915
Students will learn about how the different forms of financial aid can help them finance their college education, and how to obtain funding help when paying for college.
Avoid the Trap: How to Make it Through College Without Becoming a Financial P...Steve Miller, CFA
Learn What Your Expected Payoff From Earning a College Degree Will be
Information on the value and true cost of pursuing a college education can be difficult to find and interpret. Because no one is incentivized to provide it.
Using the quadrant approach students can identify their primary motivation for considering college and the factors to evaluate based on this motivation.
Most students end up needing to take some loans to make it through. It's important for students to understand the implications of this borrowing to ensure the consequences of borrowing are fully understood prior to taking on loans.
Checklists included to help with identifying and tracking all of the factors that should inform students decision on this important matter.
How to fill out the FAFSA (Free Application for Federal Student Aid), from Darryl Young and the 15K Degrees Initiative in Louisville, KY (www.15kdegrees.org)
December 2014 Student Loan Seminar PresentationKristina Flores
Prospera Credit Union (https://myprospera.com) is a local credit union that now serves a four-county area and is strong enough to provide you with everything you need, yet small enough to know you personally and care about your and your family's prosperity. When you choose Prosepra, you become a member, not just a customer. Part of a family. A family that works together for everyone's benefit.
Prospera Credit Union's history dates back as far as 1934, when it was officially opened for business under the Banta Credit Union name. Over the years, the number of people eligible to join was expanded to include nearby counties and communities. In 2002, the name was changed to Prospera, but, our basic promise to our members has always been the same.
What's your LIFEstage?
We provide personal, tailored guidance that leads to prosperity for all our members. (https://myprospera.com/lifestages)
Starting On Your Own
Singles
Couples
Parenting Young Children
Parenting with Teenagers
Empty Nesters
Retireees
Divorce
Widow / Widower
Our services include:
Home Loans, Home Loan Rates and Current Mortgage Rates
Home Equity Loans
Auto Title Loans as well as Boat and RV Loans
Credit Cards
Personal Loans
Protection Plans
Loan Appllications
Free Bill Pay
Interest Bearing Checking
Overdraft Protection
Automatic Overdraft Transfer
Team and Club Community Checking
Share Savings
CDs, IRAs & Money Markets
Checking, Savins, CD and Money Markets
Investment Products and Services
Business Rates
Auto Calculators
Mortgage Calculators
Looking for a way to contact us? Please call us at 920-882-4800 or fill out the below contact form on our website (https://myprospera.com/contact-us)
Come visit us at one of our four locations:
Appleton Branch - 4830 N. Ballard Rd. Appleton, WI 54913
Neenah Location - 934 S. Green Bay Rd. Neenah, WI 54956
Menasha Location - 849 Warsaw St. Menasha, WI 54952
Darboy Location - N9660 County Rd. N Appleton, WI 54915
It’s no secret that postsecondary education is an investment, but do you find yourself asking how much it will really cost and wondering how you will pay for it?
We’ll help you determine the true cost of education after high school and go over all your options for payment – from scholarships and grants to financial aid and student loans. We’ll also cover the topic of timing – when you should begin looking into your options and what to expect from the application process.
The decision to go to college can by complicated by the financial commitment that’s involved. It can be stressful (as a family) to think of the expense, the debt piling up, and the unknown of when it comes time to repay.
With some knowledge and preparation, you can make college happen. Don’t let the cost deter you if you’re confident in the value of a college education!
Palestine last event orientationfvgnh .pptxRaedMohamed3
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The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
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Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
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Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
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Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
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June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
2012 13 hs f a presentation-parsippany hs
1. A Presentation for
Parsippany HS
Dorothy Gilliard, Vice Pres.
Student Financial Services
2. Seminar Definition of Financial Aid
Agenda
Cost of Attendance
Expected Family Contribution (EFC)
Financial Need
Categories, types, and sources of Aid
The FAFSA
Special Circumstances
The CSS Profile –
3. Financial Aid consists of funds provided to students and
families to help pay for postsecondary educational expenses
Merit-based
academics
talent
athletic
others
Need-based
financial
considerations
4. Financial Aid a variety of sources.
Financial aid comes from
Sources
Federal State
Government Government
(ED) (HESAA)
Private
College
Sources
5. Categories offinancial aid. Aid
There are many types of
Financial
• Grants
gift aid • Scholarships
• Work-Study
self-help
aid • Loans
6. College Costs
This is an estimate of how much money will be required to attend school
for one year at any college, including all reasonable expenses. Most people,
when budgeting for college, look at the tuition and assume that tuition is
more or less the "price tag" for that school, when the reality is that tuition
may be as little as 50% of the overall. Cost is comprised of:
Direct costs:
Tuition, Supplies, Books, Fees
Indirect costs:
Transportation, Room and Board, personal expenses
Costs Vary widely from school to school
Eligibility increases with cost
EFC never changes
7. Sample Costs
Prestige school (Ivy League or near-Ivy League):
Tuition, $31,644;
Room/board, $9,873;
Books & supplies, $1,419;
Plus similar costs for personal expenses and transportation.
Total cost: an estimated $44,592 per year.
Private four year university/school:
Tuition, $16,086;
Room/board, $6,540;
Books & supplies, $920;
Plus costs for personal expenses and transportation.
Total cost: an estimated $26,226 per year.
State university/Public school:
Tuition, $8,670;
Room/board $7,176;
Books/supplies $950;
Plus expenses and transportation.
Total cost: an estimated $18,452 per year.
8. EFC: Estimated or Expected Family
Contribution
The Expected Family Contribution (EFC) is
the amount a family can be expected to
contribute toward a student’s college costs.
Financial aid administrators determine an
applicant’s need for federal student aid
from the U.S. Department of Education and
other non-federal sources of assistance by
subtracting the EFC from the student’s cost
of attendance (COA).
Stays the same, regardless of the college
Two components:
Parent Contribution
Student Contribution
Typically, the lower your EFC, the more
financial aid you will receive. Factors such
as family size, number of family members
in college, family savings, and current
earnings (information
you provide on the FAFSA) are used to
calculate this figure.
10. Types of Aid
Scholarships –money that does not need to be repaid. Awarded on the basis of
merit, skill, or other unique characteristics
Grants –money that does not need to be repaid. Usually awarded on the basis
of need
Federal Pell Grant
Federal Supplemental Opportunity Grant
Teach Grant
Loans –money students and/or parents borrow to help pay college expenses
Federal Perkins Loan ( up to $5,500)
Federal Direct Stafford Loan ($3500)
Interest Rate: 4.5% as of 7/1/11
Federal Direct PLUS Loan
Interest Rate: 7.9%
Employment: Federal Work Study –allows the student to earn money to help
pay some educational costs
11. Types of State Aid
NJ State Aid
Various Scholarships
Grant
TAG – Tuition Aid Grant- Maximum Awards for 2011-12
County Colleges - $2,458
State Colleges & Universities - $6,512
Proprietary Degree-Granting - $10,980**
Independent Colleges & Universities - $10,980
Rutgers/UMDNJ - $8,812
NJIT - $9,984
** Limited to approved programs at Berkeley College, DeVry
Uniersity, Eastern International College, and Eastwick College.
NJ Stars
New Jersey residents who graduate in the top 15.0 percent of their high school class, complete a rigorous
high school course of study and achieve the required score on a college placement test to
determine college readiness may be eligible for free tuition to attend one of NJ Community
Colleges.
12. Types of Aid
NJ Class Loan
Low interest rate not based on creditworthiness
Up to 3% administration fee
The option for students or parents to borrow
Four repayment options are available for you to select from:
Option 1 - Pay principal and interest immediately; 15-year repayment period
Option 2 - Pay only monthly interest while in school; 15-year repayment period
Option 3 - Defer payment of principal and interest until graduation, withdrawal or notification
of less than half-time enrollment; 20-year repayment period
Ten Year Option - Pay principal and interest immediately with a 10-year repayment period
INTEREST RATE OPTIONS
7.35% for Options 1 &2 - there is a .75% rate increase in the 49th month of monthly principal & interest repayment
8.00% for Option 3 - there is a .75% rate increase in the 13th month of monthly principal & interest repayment
6.60% for 10 Year Option - there is a .75% rate increase in the 49th month of monthly principal & interest repayment
WWW.HESAA.ORG
13. How To Apply for Financial Aid
Free Application for Federal Student Aid (FAFSA)
Required for all types of federal aid
May be filed electronically (preferred) or via paper form
File online at www.fafsa.ed.gov after January 1, 2012
Sign the electronic form with a PIN.
Later this year you will be able to download a paper form or
you can have one mailed to you by calling 800-4-FED-AID (1-
800-433-3243)
Results sent electronically to you (if you give your email address)
and to the institutions you list on the FAFSA
14. Getting the PIN
Student and parent (if dependent student) sign the form
electronically with a Personal Identification Number (PIN).
PIN enables application to be processed faster.
PIN is valid for years.
Parent’s PIN may be used for multiple children.
Each student must have own PIN.
Obtain PIN from www.pin.ed.gov
15. FAFSA to file electronically:
Good reasons
Built-in edits to prevent costly errors
Skip logic allows student and/or parent to skip
unnecessary questions
Option to use Internal Revenue Service (IRS) data
retrieval
16. IRS Data Retrieval
While completing FOTW, applicant may submit real-time
request to IRS for tax data
IRS will authenticate taxpayer’s identity
If match found, IRS sends real-time results to applicant in new
window
Applicant chooses whether or not to transfer data to FOTW
Available early February 2012 for 2012–13 processing cycle
Participation is voluntary
Reduces documents requested by financial aid office
17. FAFSA
Electronic Version can be
completed at www.fafsa.ed.gov
2012-13 Version is now available
Online instructions provided for
all questions
Can send data to up to 10
schools. Paper form has space
for only 4 (Step 6)
Speedier processing of your
application
18. FAFSA Filing Options
Provides the three
student options for
applying including the
PDF FAFSA.
Online
PDF FAFSA
Paper
20. Let’s Take A Quick Look at the FAFSA Worksheet
Can be downloaded at
www.fafsa.ed.gov
Gives you space to put
your responses to
questions before you
begin completion of
the FAFSA
Does not include all
the questions on the
FAFSA. There are 106.
Sections in purple are
for parents information
21. What Information is Provided in
The FAFSA?
Step 1: Student’s
Demographic Information
SSN (data match)
Name
DL
DOB
Address
Citizenship Status (data
match)
Selective Service
Registration (data match)
Male students ages 18-25
22. What Information is Provided in
The FAFSA?
Student’s Income and Asset
Information
Tax Return Status
Income
IPA – income protection
allowance – allows a certain
percentage of income/assets to
not be included in the formula
It varies according to the
number in the parents’
household and the number in
college
Assets
Cash, Savings, Checking
Other Investments****
23. What Information is Provided in
The FAFSA? are included for student (not all-
Types of Assets that
inclusive):
UGMA and UTMA accounts
Uniform Gift to Minors (custodial accounts/savings)
Uniform Transfer to Minors Account
For financial aid purposes, custodial accounts are
considered assets of the student. This means that custodial
bank and brokerage accounts have a high impact on
financial aid eligibility.
Money Market Funds
Mutual Funds
CDs
Stocks and Stock Options
24. Assets: 529 Accounts
Calculating the impact on financial aid by 529 plans is relatively simple
where a parent is the holder of the 529 plan. The impact on financial aid is
complicated when the plan is in the student's name. This is something to
consider when you take out a 529 plan.
529 plans owned by the student
UGMA/UTMA-owned 529 accounts are to be reported as parental assets,
However, since 2009-10 the treatment of custodial 529 college savings plans has been more
favorable. A custodial 529 plan of a dependent student is treated as an asset of the parent
on the Free Application for Federal Student Aid (FAFSA). (A custodial 529 plan of an
independent student is still treated as a student asset. Also, the CSS/Financial Aid
PROFILE form treats 529 plans that name a student as a beneficiary as an asset of the
student regardless of who owns the 529 plan account.) This means that a custodial 529
college savings plan for a dependent student has a low impact on financial aid eligibility.
25. What Information is Provided in
The FAFSA?
Dependency Questions
How do you determine if a
student is “independent”?
Born before January 1, 1989
Married
Pursuing an advanced degree
Veteran of the Armed Forces
Legal Dependents
Parents deceased or student
was or is in Foster Care
Ward of the Court
Unaccompanied Youth who
was Homeless
26. What Information is Provided in
The FAFSA?
Parent Information
Marital Status
Married or Remarried
Single
Divorced or Separated
Widowed
SSNs/DOBs/Last Names
and First Initial (IRS
Match)
Email Address
# in Household in
College
27. What Information is Provided in
The FAFSA?
Type of Tax Return you filed (or will file)
Dislocated Worker Status
Receiving unemployment benefits due to being laid off or losing a job
Was self-employed but is now unemployed due to economic conditions
Is a displaced homemaker: a person who previously provided unpaid
services to the family, e.g. a stay-at-home mom or dad, is no longer
supported by the spouse and is having trouble finding meaningful work
Adjusted Gross Income from your Income Tax Return
Taxes Paid from your Income Tax Return
Breakdown of Income from work for both parents
Allowances:
Living Expense Allowance
Employment Tax Offset (based on the highest salary)
Income Protection Allowance
State Tax Allowance
28. Example: Family of 4
Income: $125000
Living Expense Allowance- $10000
Employment Tax Offset (based on the highest
salary of $80000)- $6120
Income Protection Allowance- $25,210
State Tax Allowance - $10000
Income in the formula would be: $73670
Parent’s contribution would be approx: $28691
29. What Information is Provided in
The FAFSA?
Other Sources of Income to Include:
Child Support Received
Education Credits (if you are receiving them for other
college age youth in the household
Payments to tax-deferred pension and savings plans
Worker’s Compensation
Disability Compensation
Tax exempt Interest Income
30. Providing IRS Data –
IRS Data Retrieval Tool
Available early 2012
Initial FAFSA
FAFSA Corrections
English and Spanish
31. What Information is Provided in
The FAFSA?
Assets:
Cash, Savings, Checking
Real Estate (other than your primary residence)
Non-Retirement Investments
Business Value (if you are self-employed and employ
more than 100 people)
529 College Savings Plans
32. What Information is Provided in
The FAFSA?
Step 4, cont’d.
Assets you DO NOT INCLUDE
The value of Life Insurance
Retirement plans (401K)
Pension Funds
Annuities
Non-Education IRAs,
Keogh Plans, etc.
UGMA and UTMA accounts for which you are the
custodian, but not the owner.
34. State Application
Programming Interface (API)
Streamlines the student aid application process by
providing students an option to transfer the
information provided in the federal application
directly into a participating state application
35. Final Steps
List colleges you want to receive your FAFSA
Information
NJ School First
Can list any 10 schools you wish
Step 7. Signatures
36. What Happens Next?
Submit the FAFSA either Review the SAR
electronically or via mail. Correct any information
and re-submit if needed
Receive the Wait for the college(s) to
Student Aid Report (SAR) respond with an award
Acknowledgement Form package
Negotiate the award
package if necessary
37. Need to Do the CSS Profile?
The PROFILE form is administered by the College Scholarship
Service (CSS), the financial aid division of the College Board.
The CSS PROFILE is required by many private colleges and
universities to determine your eligibility for non-government
financial aid, such as the institution's own grants, loans and
scholarships.
38. CSS Profile
Submission dates: The CSS PROFILE can be submitted in the fall;
FAFSA cannot be submitted before January 1.
Specific questions: The CSS PROFILE contains questions specific to
the school or program you're applying to; FAFSA contains the same
questions for everyone.
Different methodology: The CSS PROFILE determines your financial
need differently than the FAFSA, taking into account such factors as
whether your family owns a home. In general, the CSS PROFILE asks
for more detailed information than FAFSA.
Greater reliance on professional judgment: The CSS PROFILE gives
financial aid counselors greater freedom to grant aid based on a
student's particular circumstances.
Fees: $25 for registration and the first school; $16 for ea. Addtl school
https://profileonline.collegeboard.com/prf/index.jsp
39. Some FAFSA Tips
File early
So students should file their FAFSA as early as possible to be in the running for the maximum amount of
aid. High school seniors who apply to multiple colleges will need to meet each college’s deadlines.
Do your taxes early
Much of the information that you’re required to fill out on the FAFSA will come from your tax returns.
Move money out of your child’s name, if you can
But when it comes to financial aid, child assets are assessed formula at a rate of 20%, while parents’ assets
are assessed at around 5.64%. When assets are in the child’s name, the family’s EFC tends to be higher than
when those assets remain under the parents’ name.
Pay down consumer debt
Much of the EFC is determined by how much you have in savings
Highlight unusual financial circumstances
After submitting the FAFSA and receiving a college’s financial aid award, families can appeal to the college
to adjust their financial aid based on an unusual circumstance like a layoff, salary reduction or expensive
medical bill
Everyone should fill out the form, even high-income earners
Often financial circumstances change during the course of the year and these circumstances COULD
change the student’s eligibility for aid.
Colleges are permitted to exercise “professional judgment” based on those circumstances and that could
be a game changer.
40. Financial Aid Resources
Financial Aid Resources
Parents and others can learn more about obtaining financial aid
for college through the following Web sites:
www2.ed.gov/finaid.html
Options from U.S. Department of Education
www.collegeconfidential.com
Resources to help pay for college
www.collegesavings.org
Information about 529 plans
www.fafsa.ed.gov
FAFSA application and other details
www.finaid.org
Guide to financial aid, grants, etc.
www.iefa.org
International source for financial aid
www.savingforcollege.com
Internet guide to college funding
41. My Contact Information
Dorothy Gilliard
Vice President, Student Financial Services
Lincoln Educational Services
200 Executive Drive, West Orange, NJ 07052
dgilliard@lincolnedu.com
Phone: 973-766-9071
Fax: 973-766-9622
Member of the NJASFAA Speaker’s Bureau-New Jersey
Association of Financial Aid Administrators
Member of NASFAA- National Association of Financial
Aid Administrators
Editor's Notes
Financial aid comes from a variety of sources.Federal Government - Most federal financial aid programs are administered by the U.S. Department of Education. State Government - In Illinois, most state and some federal financial aid is administered by the Illinois Student Assistance Commission (ISAC).Colleges and Universities - Colleges, universities and other higher education institutions also offer financial aid assistance to their students. The financial aid office on campus is the best place to find out about financial aid.Private Sources - Many agencies, associations, corporations, and civic, religious and philanthropic groups provide money for college students. There are different eligibility requirements, award amounts, application forms and deadlines, so be sure to research them carefully.
Financial aid comes from a variety of sources.Federal Government - Most federal financial aid programs are administered by the U.S. Department of Education. State Government - In Illinois, most state and some federal financial aid is administered by the Illinois Student Assistance Commission (ISAC).Colleges and Universities - Colleges, universities and other higher education institutions also offer financial aid assistance to their students. The financial aid office on campus is the best place to find out about financial aid.Private Sources - Many agencies, associations, corporations, and civic, religious and philanthropic groups provide money for college students. There are different eligibility requirements, award amounts, application forms and deadlines, so be sure to research them carefully.