Tabakian, Inc. Finding Money For College

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This presentation offers undergraduate college students information about how to apply for tuition assistance. It all begins with the Free Application for Federal Student Aid (FAFSA). The presentation is part of a career pathway series for California college students. Tabakian, Inc. offers career pathway services for traditional and nontraditional students through seminars, workshops, and personal consultations. Seminars and workshops on academic entrepreneurialism are also available.

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Tabakian, Inc. Finding Money For College

  1. 1. Achieving Success In Higher Education“Finding The Money”John Paul Tabakian, Ed.D.
  2. 2. TOPICS• Available Services From Tabakian, Inc.– John Paul Tabakian, Ed.D.• Defining Financial Aid• Determining Eligibility• Dependent Versus Independent Status• Special Circumstances• How To Apply• When To Apply• California Resident Students– Nonresidents, AB540, Etc.• California Board Of Governors Fee Waiver
  3. 3. AVAILABLE SERVICESCareer pathway services for traditional andnontraditional students are available throughseminars, workshops, and personal consultations.Seminars and workshops on academicentrepreneurialism are also available.John Paul Tabakian, Ed.D. Tel: (310) 421-8532Tabakian, Inc. Fax: (310) 742-5152PO Box 11069 class@tabakian.comTorrance, CA 90510 www.tabakian.com
  4. 4. JOHN PAUL TABAKIAN, ED.D.John Paul Tabakian, Ed.D., is anontraditional student who did notgraduate from high school with hisgraduating class, instead taking theCalifornia High School Proficiency Exam(CHSPE) as a junior and enrolling incommunity college. That fateful decisionled to a successful professional career inpublic issue campaigns, business, andacademic success, culminating with hisdoctorate research in factors thatencourage academic entrepreneurialismamong community college faculty.
  5. 5. FINANCIAL AID• To Provide Student Financial Assistance– The Aid Determines Their Ability To Attend– Students & Parents Still Contribute Portion• Aid Fills In The Annual Gap– Aid Supplements Family’s Existing Income• Not Sole Support Of Non-Educational Expenses– Financial Aid Comes From Multiple Sources• Federal and State Government• Institutional, Community, Individuals, Grants, Loans• Work-Study, Scholarship, or Combination
  6. 6. ELIGIBILITY – 1• United States Citizen• Eligible Non-Citizen– U.S. Permanent Resident• Department of Homeland Security Documentation– Verifying His / Her Stay In The U.S.» Other Than Temporary Purpose• Demonstrate Financial Need (Most Programs)• Possess High School Diploma– Or Recognized Equivalent• GED, High School Proficiency, Home school Setting• Students Not Meeting This Requirement Prior To July 2012– Visit Your Financial Aid Office)
  7. 7. ELIGIBILITY – 2• Be Enrolled As A Regular Student– In Eligible Program• Maintain Satisfactory Academic Progress– Leading To Certificate, AA, AS– Or Program Leading To BA / BS Program– Not Be In Default Of Any Student Loan Like• Perkins, Stafford (subsidized & unsubsidized• Federal Direct Loans (subsidized or unsubsidized• Supplemental Loans To Assist Students (SLS)– At any college attended
  8. 8. ELIGIBILITY – 3• Not Owe Overpayment– Federal Pell Grant– Federal Supplemental Educational OpportunityGrant (FSEOG)– Academic Competitiveness Grant (ACG)– Smart Grant– Iraq and Afghanistan Service Grant– Must Be Registered With Selective Service• If required to do so
  9. 9. ELIGIBILITY – 4• Possess Social Security Number (SSN)• Resolved All Drug Conviction Issues• File Income Tax Returns– If required to do so
  10. 10. (IN)DEPENDENT – 1• You Are Independent If You Meet Any Of TheFollowing Criteria:– Born Before January 1, 1989– You Are Married– Enrolled In A Master’s Or Doctoral Program(graduate or professional program beyond abachelor’s degree) in 2012-2013– Currently Serving Active Duty In U.S. Armed Forces– Purposes Other Than Training
  11. 11. (IN)DEPENDENT – 2• Veteran Of The U.S. Armed Forces• You Have Children Who Will Receive MoreThan Half Of They Support From You• You Have Dependent– Other Than Your Spouse Or Your Children– Who Live With You– And Receive More Than Half Of Their Support• From you currently
  12. 12. (IN)DEPENDENT – 3• Any Time Since You Turned Aged 13– Both Your Parents Were Deceased– You Were In Foster Care– You Were A Dependent / Ward Of The Court• Today You Are An Emancipated Minor– As Determined By A Court• In Your State Of Legal Residence– Your High School Or School District Homeless LiaisonDetermined That You Are An Unaccompanied YouthWho Was Homeless
  13. 13. (IN)DEPENDENT – 4• The Director Of An Emergency Shelter OrTransitional Housing Program Funded By TheU.S. Department of Housing and UrbanDevelopment– Determined You Were An Unaccompanied YouthWho Was Homeless Or Were Self-Supporting AndAt Risk Of Being Homeless• Complete The FAFSA If You Meet Any Of TheseCriteria
  14. 14. SPECIAL SITUATIONS• Under Federal Law, Your Family Is PrimarilyResponsible For Paying Your College Expenses• You May Be Able To Submit Your FAFSAWithout Parental Information Under SpecialCircumstances– Your Parents Are Incarcerated– You Left Home Due To Abuse– Etc.
  15. 15. HOW TO APPLY• Visit These Sites– WWW.ICANAFFORDCOLLEGE.COM– WWW.FAFSA.GOV– WWW.STUDENTAID.ED.GOV– WWW.STUDNETLOANS.GOV• Additional Support Exists– Federal Direct Loans– PLUS Loans– Emergency Loans– Scholarships
  16. 16. CALIFORNIA RESIDENCY• The Admissions Office Determines TheResidency Status For All Students• Assembly Bill 540 (AB540) Allows QualifiedStudents To Be Exempt From Paying Out OfState Tuition At Public Colleges AndUniversities In California• Non-Resident Students Pay Out Of State FeesSimilar To Foreign Students
  17. 17. DEFERRED TUITION• Tuition Fees Must Be Paid At Time OfRegistration• A Student Receiving Financial Aid May DeferPayment Of Tuition• Federal Pell Grant And Other Aid May Not PayThe Full Tuition– Students Are Responsible For Balance
  18. 18. BOG FEE WAIVER – 1• The Board Of Governors (BOG) Fee Waiver IsOffered By The California Community Colleges• The BOG Fee Waiver Waives Enrollment Fees,But Not Book Fees, OR Health Fee• Applicants Are Not Required To Be Enrolled InA Specific Number Of Units Or Courses ToReceive The BOG
  19. 19. BOG FEE WAIVER – 2• You Are Eligible For The BOG If You Are– A California Resident– Enrolled IN At Least One Unit– One Of The Following Categories Applies• Recipient Of Benefits– TANF / CalWORKS Program– Supplemental Security Income– State Supplementary Program (SSI / SSP)• General Assistance Program (GA)
  20. 20. BOG FEE WAIVER – 2• General Assistance Program (GA)• Qualify By Income Standards• Federal Student Aid Applicant– Determined After Submitting FAFSA• Dependent’s Fee Waiver– Certification From California VeteransAdministration or the National Guard AdjutantGeneral that you qualify for a Dependent’s FeeWaiver– Surviving Dependents Of 9/11/2001
  21. 21. BOG FEE WAIVER – 3– Note About Domestic Partnerships• If you are in a Registered Domestic Partnership (RDP),you will be treated as an independent, married studentto determine eligibility for the BOG Fee Waiver and willneed to provide income and household information foryour domestic partner.• If you are a dependent student and your parent is in aRegistered Domestic Partnership, you will be treatedthe same as a student with married parents and incomeand household information will be required from theparent’s domestic partner. This is applicable to state aidonly, not federal aid.
  22. 22. TAX CREDITS – 1• American Opportunity Tax Credit– Replaces And Expands The Hope Credit– Available To Those Whose Modified Adjusted GrossIncome Is $80,000• $160,000 or less for married couples filing jointly• Whose who do not make enough money to have to file a taxreturn should consider filing, because they can get up to$1000!– The New Credit Adds Required Course Materials ToList Of Qualifying Expenses– Allows The Credit To Be Claimed For Four Years
  23. 23. TAX CREDITS – 2– Those Who Qualify For The Maximum Annual CreditOf $2500 Per Student• $500 More Than The Hope Credit• Lifetime Learning Credit– Families May BE Able To Claim Up To $2000 ForTuition And Required Fees Each Year– Maximum Credit Is Determined On A Per-Taypayer(Family) Basis, Regardless Of Number Of FamilyPostsecondary Students– Fees Covered By A Fee Waiver, Scholarship, OR GrantAre Unable To Add The Costs To Their Family TaxCredit Calculation
  24. 24. PELL GRANT – 1• The Federal Pell Grant Provides Gift AidAssistance To Undergraduates– Who Have Not Earned A Baccalaureate– Who Have Not Earned A Professional Degree– Who Demonstrate Financial Need– Awards Based On Expected Family Contribution(EFC) and Enrollment Status– Maximum Annual Award Is $5550
  25. 25. PELL GRANT – 2• Higher Education Opportunity Act (HEOA)– Maximum Student Lifetime Pell Eligibility Of• 600% (12 full time semesters)
  26. 26. FSEOG• The Federal Supplemental EducationalOpportunity Grant (FSEOG)– Federal Grant Designed To Supplement OtherSources Of Financial Aid• For Students With Exceptional Need• Awards Based On Financial Need Available Funds• Six Approved Unit Minimum Enrollment Required– At The College Where Students Receive Financial Aid– Units From Other Colleges May Not Be Combined» To Add Up To The Six Units
  27. 27. LOANS• Loans Must Be Paid Back• Loans Delivered To The Student After MeetingEnrollment And Academic ProgressRequirements– Six Approved Units– Passing Courses• Federal Student Loans Are Not AutomaticallyIncluded In The Student’s Award Package
  28. 28. PERKINS LOANS• Federal Perkins Education Loans– 5% Fixed Interest For Students• With Exceptional Financial Need• Must Be Enrolled In Six Approved Units– At Their Home Campus– Repayment Begins Nine Months After• The Borrower Graduates, Withdraws, Or Drops BelowHalf-Time Status• Repayment Period Can Be Extended Ten Years• Interest Begins During Repayment Schedule
  29. 29. FEDERAL DIRECT LOANS – 1• Loans Borrowed Directly From The FederalGovernment• Borrowing Limits Vary Based Upon:– Amount Of Unmet Need After Other FinancialAssistance Has Been Considered– Applicant’s Year In School– Applicant’s Academic Progress– Applicant’s Repayment History
  30. 30. FEDERAL DIRECT LOANS – 2• Subsidized Federal Direct Loans– Students Must Complete The FAFSA– Demonstrate Financial Need– U.S. Department of Education Pays Out– Federal Government Pays The Interest As Long AsThe Borrower Is Enrolled At Least Half-Time In ADegree Seeking Program• Continues Six Months Thereafter• Students Maintain Satisfactory Academic Progress
  31. 31. FEDERAL DIRECT LOANS – 3– 1% To 1.5% Default Reduction Fee And A 0.50% to1% Origination Fee May BE Charged By The U.S.Department of Education And Deducted FromEach Direct Loan Disbursement– Annual Maximum Award Is Tied To The Student’sAcademic Level• Ranges From $3500 For First Year Grade Level• Up To $4500 For Second Year Grade Level• Grade Level 1 = 0 To 30 Units, etc.
  32. 32. FEDERAL DIRECT LOANS – 4• Unsubsidized Federal Direct Loans– Eligibility Is Not Based On Family Need– U.S. Department Of Education Pays Out– Federal Government Does Not Pay The Interest OnBehalf Of Borrowers– Student Borrower Can Chooses Either To MakePeriodic Payments Of The Interest• Or Have The Interest Added Back To The Principal– 1% to 1.5% Default Reduction Fee and a 0.50% to1% Load Origination Fee May Be Charged
  33. 33. FEDERAL DIRECT LOANS – 5• Students Must Complete And Submit TheFAFSA In Order To Be Considered For TheUnsubsidized Loan• The Annual Maximum Award Is Tied To TheStudent’s Grade Level• Maximum Annual Loan Amount Is $6000• The Annual Interest Rate Is 6.8%
  34. 34. FEDERAL PLUS LOANS• Creditworthy Parents Of DependentUndergraduates Can Apply For A Federal PlusLoan• Not Based On Demonstrated Need• May Be Used For All Or Portions OF CalculatedFamily Contribution For Students WhoCompleted The FAFSA• Fixed Annual Interest Rate Of 8.5%
  35. 35. PROMISSORY NOTES• You Must Sign A Master Promissory Note(MPN) Before Receiving Loan Assistance– Binding Promise To Repay Loan Funds– U.S. Department Of Education Will Mail / E-mailyou a Master Promissory Note (MPN)– Your College Will Not Originate Your Federal DirectLoan Until Your MPN Has Been Signed / E-SignedAn Approved By The U.S. Department OfEducation
  36. 36. LOAN COUNSELING• Entrance Loan Counseling For First-TimeBorrowers– All First-Time Federal Direct Borrowers At TheInstitution Must Complete The Loan EntranceCounseling• Even If You Have Borrowed At Another Institution• Can Be Completed Online– WWW.STUDENTLOANS.GOV
  37. 37. TRIO – 1• TRIO is a federally funded program designedto assist students who plan to transfer to afour-year college or university.• Eligibility is based on low income, firstgeneration or disabled college students withacademic need.• Students must be a U.S. citizen or permanentresident.
  38. 38. TRIO – 2• TRIO provides academic career and personalcounseling, cash grants, tutoring, skills /information workshops, priority registration,cultural activities, field trips, computer labusage, and laptop loaning.
  39. 39. CAL GRANTS – 1• Students Must Meet The Following Requirements– United States Citizen– Eligible Non-Citizen• U.S. Permanent Resident– Department of Homeland Security Documentation / Verification– Other Than Temporary Purpose• Demonstrate Financial Need (Most Programs)• Possess High School Diploma– Recognized Equivalent (GED, High School Equivalent, etc.)– Students Not Meeting This Requirement Prior To July 2012» Visit Your Financial Aid Office)
  40. 40. CAL GRANTS – 2• Be Enrolled As A Regular Student– In Eligible Program• Maintain Satisfactory Academic Progress– Leading To Certificate, AA, AS– Or Program Leading To BA / BS Program– Not Be In Default Of Any Student Loan Like• Perkins, Stafford (subsidized & unsubsidized• Federal Direct Loans (subsidized or unsubsidized• Supplemental Loans To Assist Students (SLS)– At Any College Attended
  41. 41. CAL GRANTS – 3• Not Owe Overpayment– Federal Pell Grant– Federal Supplemental Educational OpportunityGrant (FSEOG)– Academic Competitiveness Grant (ACG)– Smart Grant– Iraq and Afghanistan Service Grant– Must Be Registered With Selective Service
  42. 42. CAL GRANTS – 4• Possess Social Security Number (SSN)• Resolved All Drug Conviction Issues• File Income Tax Returns– If Required To Do So– Be a California resident– Be attending at least half-time at a qualifyingCalifornia college
  43. 43. CAL GRANTS – 5– Have not already earned a bachelor’s orprofessional degree, or the equivalent.– Meet the income and asset ceiling as establishedby CSAC.• Students must submit a GPA Verification andFAFSA by the applicable deadlines to theCalifornia Student Aid Commission.
  44. 44. CAL GRANTS – 6• Grants That Are Available–Entitlement Grants• Cal Grant A: provides grant funds to help payfor tuition / fees at qualifying institutionsoffering baccalaureate degree programs. If youreceived a Cal Grant A, but choose to attend aCalifornia Community College first, your awardwill be held in reserve for up to three yearsuntil you transfer to a four year college.
  45. 45. CAL GRANTS – 7• Cal Grant B: provides subsistence payments fornew recipients in the amount of $1473 for a full-time, full year award.• Payments are reduced accordingly for three-quarter and half-time enrollment for each paymentperiod.• Cal Grant B recipients whose transfer to a tuition /fee charging school after completing one or twoyears at a community college may have their grantincreased to include tuition and fees as well assubsistence.
  46. 46. CAL GRANTS – 8• Cal Grant Transfer Entitlement Award is foreligible California Community Collegestudents who are transferring to a four-yearcollege and are under the age of 28 as ofDecember 31 of the award year.
  47. 47. CAL GRANTS – 9• Cal Grant A and B competitive awards are usedfor the same purpose as the entitlement awards,except that they are not guaranteed and thenumber of awards is limited.• Cal Grant C recipients are selected based onfinancial need and vocational aptitude. Studentsmust be enrolled in a vocational program at aCalifornia Community College, private college, orcareer technical school in a course of studylasting from four months to two years.
  48. 48. LAW ENFORCEMENT PERSONNELDEPENDENTS GRANT – 1• The Law Enforcement Personnel Dependents(LEPD) Grant is a program administered byCalifornia Student Aid Commission.– Students must be a child (natural or adopted) orspouse, at the time of death or injury or aCalifornia peace officer or law enforcementofficer; firefighter; or officer or employee of theDepartment of Corrections, or the Department ofYouth Authority.
  49. 49. LAW ENFORCEMENT PERSONNELDEPENDENTS GRANT – 2– Be enrolled in a minimum of six units at a Californiapostsecondary institution accredited by the WesternAssociation of Schools and Colleges.– Demonstrate financial need as determined by theFinancial Aid Office at the institution in whichstudents are enrolled.• The grant will be in an amount equal to theamount provided to a student who has beenawarded a Cal Grant. Awards may be used fortuition and fees, books, supplies, and livingexpenses.
  50. 50. LAW ENFORCEMENT PERSONNELDEPENDENTS GRANT – 3• For more information and to obtain anapplication:– Go to http://www.csac.ca.gov, CommissionPrograms or email specialized@csac.ca.gov.– Call the California Student Aid Commission’sSpecialized Program Branch at (888) 224-7268,option #3.
  51. 51. LAW ENFORCEMENT PERSONNELDEPENDENTS GRANT – 4– Submit a request in writing to:California Student Aid CommissionSpecialized ProgramsPO Box 419029Rancho Cordova, CA 95741-9029
  52. 52. CHILD DEVELOPMENT GRANT – 1• The Child Development Grant Program is forstudents who plan to teach or supervise at alicensed children’s center.• Selected recipients attending a two-year post-secondary institution are eligible to receive upto $1000 per academic year.• The grant is renewable for an additional year.• It is awarded to students attending a public orprivate two or four-year college in California.
  53. 53. CHILD DEVELOPMENT GRANT – 2• To learn more about this program and to applyonline, visit the California Student AidCommission website at www.csac.ca.gov.• You can also call (888) 224-7268 and selectOption #3.
  54. 54. CHAFEE GRANT – 1• The California Chafee Grant is a federal grantadministered by the California Student AidCommission and provides assistance tocurrent or former foster youth to use forcollege courses or vocational school training.• Eligible students may receive up to $5000 peracademic year.
  55. 55. CHAFEE GRANT – 2• To learn more about this program and to applyonline, visit the Commission website atwww.csac.ca.gov.• You can also call (888) 224-7268.• E-mail: studentsupport@csac.ca.gov– “Attn: Chafee” in the subject line.
  56. 56. CHAFEE GRANT – 3• You can also mail your application to:California Student Aid CommissionSpecialized Programs Operations BranchAttn: California Chafee Grant ProgramPO Box 419029Rancho, Cordova, CA 95741-9029Or fax to (916) 526-7977
  57. 57. CNG EAAP – 1• California National Guard EducationAssistance Award Program (CNG EAAP).• Administered by the California Student AidCommission to active members in theCalifornia National Guard, the State MilitaryReserve, or the Naval Militia.• Provides educational incentive to improveskills, competencies, and abilities.
  58. 58. CNG EAAP – 2• To qualify, you must:– Be an active member who has served two years inthe California National Guard, the State MilitaryReserve, or the Naval Militia.– Agree to remain an active member throughoutthe participation period in the program.– Agree to use the award to obtain a certificate,degree, or diploma that you currently do notpossess.
  59. 59. CNG EAAP – 3– Be enrolled in, registered at, or accepted to aqualifying institution.– Agree to use the award to obtain a certificate,degree, or diploma that you currently do notpossess.– Be enrolled in, registered at, or accepted to aqualifying institution.– Agree to maintain enrollment of a minimum ofthree academic units per semester, or theequivalent, at a qualifying institution.
  60. 60. CNG EAAP – 4– Agree to maintain at least a 2.0 cumulative gradepoint average (GPA).– Be a resident of California for at least one year.• For more information go towww.calguard.ca.gov
  61. 61. EOP&S – 1• Extended Opportunity Program And Services(EOP&S)– Designed primarily for the recruitment andretention of students affected by language, social,and economic disadvantages– Includes grants and book loans– Educational, personal, and career counseling– Personal development courses– College survival skills
  62. 62. EOP&S – 2– Cultural awareness activities– Career workshops– Field trips to four-year colleges and universities• Criteria for EOP&S students:– Qualified to receive a Board of Governors FeeWaiver A or B– Educationally disadvantaged– Enrolled in 12 or more units
  63. 63. EOP&S – 3– Completed less than 70 units or 6 consecutivesemesters– California residents
  64. 64. CARE• Cooperative Agencies Resources For Education(CARE)– State funded support service for single parentsreceiving public assistance who have childrenunder the age of 14– Services include• Books and supplies, cash grants, child care, auto repairreimbursement, meal tickets, auto gas cards, parkingpermits, bus pass / tokens, parenting workshops,counseling services, and on and off-campus referrals.
  65. 65. GAIN / CALWORKS – 1• GAIN / California Work Opportunity AndResponsibility To Kids– Welfare program that gives cash aid and servicesto eligible needy families– Greater Avenues for Independence (GAIN)program provides employment-related services toCalWorks participants• State program that provides an educationalenvironment where students develop the neededvocational skills to enhance their market value.
  66. 66. GAIN / CALWORKS – 2– Services offered include• Job development, child-care, counseling, books, paidwork-study , and other support services– Programs offered include• General Equivalency Diploma, Adult Basic Education,ESL classes, and vocational classes, such as OfficeAdministration, Child Development, Home Health Aide,and Culinary Arts
  67. 67. MONEY LINKS – 1• Information About Cal Grants– www.calgrants.org• California Student Aid Commission– www.csac.ca.gov• Direct Loan Information– www.studentloans.gov• U.S. Department of Education– www.ed.gov
  68. 68. MONEY LINKS – 2• FAFSA on the web – completing theWorksheet and answers to Frequently AskedQuestions (FAQ) including finding and usingFederal School codes– www.fafsa.gov• Learn the basics of financial aid– www.fafsa4caster.ed.gov
  69. 69. MONEY LINKS – 3• Scholarship search engine– www.fastweb.com• Scholarship search engine– www.collegeboard.com• Scholarship search engine– www.collegeanswer.com• Online financial planning / calculator– www.finaid.org
  70. 70. MONEY LINKS – 4• Online financial planning / calculator– www.mapping-your-future.org• National Student Loan Data System (NSLDS)– www.nslds.ed.gov• Sign up for Federal Student Aid PersonalIdentification Number (PIN)– www.pin.ed.gov
  71. 71. MONEY LINKS – 5• U.S. Social Security Administration– www.ssa.gov• Selective Service System– www.sss.gov• Online resources for wide range of financialaid topics– www.studentaid.ed.gov

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