Transcript 2003 High School Counselor Drive In Workshop

2005 High School Counselor
Drive In Workshop
1
Coordinated By:
•Wisconsin Association of Student Financial Aid
Administrators (WASFAA)
•Wisconsin Higher Educational Aids Board (HEAB)
•Wisconsin Department of Public Instruction (DPI)
•Wisconsin Educational Opportunity Programs
(WEOP)
•Great Lakes Higher Education Corporation
(GLHEC)
2
Thank You to Our Sponsors
PLATINUM
Great Lakes Higher Education Corporation
TCF Bank
Wells Fargo
GOLD
Collegiate Funding Services
M&I Bank
US Bank
SILVER
Anchorbank
Bank One
Citibank Student Loans
Edamerica
Educaid, Wachovia Bank
First Federal Capital Bank
Key Education Resources
3
Today’s Agenda
8:00 - 8:30
8:30 – 9:00
9:00 – 10:00
10:00 – 10:15
10:15 – 10:30
10:30 – 10:45
10:45 - 11:00
11:00 – 12:00
Registration
Welcome
Review of Agenda and Packet Materials
College Goal Sunday
Financial Aid Fundamentals
Break
HEAB Update
DPI Update
Special Topics
FAFSA Demonstration
4
Financial Aid Fundamentals
5
Financing Your Education
 What is goal of financial aid?
 How is financial need
determined?
 How do I apply?
 What is the role of the
financial aid office?
 What aid is available?
6
Goal of Financial Aid
• To assist students in paying for college.
• To provide opportunity and access to
higher education.
7
Basic Principles of Financial Aid
The family has primary
responsibility for financing
postsecondary education.
Financial aid is the BRIDGE
8
Principles of Needs Analysis
 To the extent they are able, parents have primary
responsibility to pay for their dependent children’s
education.
 Students also have a responsibility to contribute to
their educational costs.
 Families should be evaluated in their present
financial condition.
 A family’s ability to pay for educational costs must
be evaluated in an equitable and consistent manner,
recognizing that special circumstances can and do
affect a family’s ability to pay.
9
Financial Aid Regulations
• Are determined by federal
and state statutes and legislators
• Establish your eligibility for
most types of aid
• Apply to all schools
10
What Are the Costs?
Tuition and Fees
+ Room and Board
+ Transportation
+ Books & Supplies
+ Miscellaneous Living Expenses
= Cost of Attendance (COA)
11
Expected Family Contribution (EFC)
(Federal Methodology established by U.S. Congress)
Determined by filing the FAFSA.
Free Application for Federal Student Aid
12
Main Determinants of the EFC
•
•
•
•
•
Income
Assets
Family size
Number in College
Age of the older parent
Adjustments to EFC may be made due to
Verification and/or Special Circumstances
that limit ability to pay
13
Expected Family Contribution (EFC)
Is the sum of four separate calculations:

Contribution from Parental Income

Contribution from Parental Assets

Contribution from Student Income

Contribution from Student Assets
14
Financial Need Defined
Cost of Attendance (COA)
– Expected Family Contribution (EFC)
= Financial Need
15
Middle Income Student
Family Size
Number in college
Parent AGI
Parent Untaxed Income
Parent’s Assets
Student’s AGI
Student’s Assets
Parent’s Contribution
(Parent’s Contribution from Assets = $0)
+Student’s Contribution
(Student Income Contribution $756)
(Student Contribution from Assets $350)
=Expected Family Contribution:
4
1
$61,980
$ 2,900
$45,000
$ 4,468
$ 1,000
$ 9,325
$ 1,106
$10,431
(Note: 2005-2006 FM formula used)
16
Financial Need Varies by
School Cost
1
2
3
Cost
$ 27,394
$ 17,425
$ 12,056
Less EFC
$ 10,431
$ 10,431
$ 10,431
Need
$ 16,963
X
$ 6,994
Y
$ 1,625
Z
17
Financial Need Varies By
School Cost
1
X
2
Y
3
Z
EFC
Cost of
Attendance
(Variable)
Expected Family
Contribution
N
E
E
D
EFC
Financial Need
(V ariable)
(Constant)
18
You may be eligible for aid,
but…..
YOU MUST
APPLY TO
FIND OUT!
And it’s free!
File the FAFSA each year.
19
Application Process
 Submit the Free Application for Federal




Student Aid (FAFSA) prior to your school’s
deadline (paper or electronic)
Submit any institutional application materials
(if required by your school)
Apply for PIN through Department of
Education
Attain admission status
Make sure to meet all required deadlines!
20
Free Application for Federal Student Aid
Collects family’s personal and financial information
used to calculate the student’s EFC
May file the FAFSA in one of two ways:
1. FAFSA on the Web
2. Paper FAFSA
21
Paper vs. Electronic Filers
Through Week 25
Since 2003-04 –
8,000,000
7,000,000
 Number of electronic
6,000,000
filers has increased 40%
5,000,000
4,000,000
3,000,000
 Number of paper filers
2,000,000
1,000,000
0
Paper
2003-04
Electronic
2004-05
has decreased by more
than 60%
2005-06
88% of 2005-2006 FAFSAs are filed
electronically!
US Dept of Education Processing Update
22
What IS a PIN?
www.pin.ed.gov




Personal Identification Number
Students and parents can get PINs
Electronic signature for FAFSA on the Web
PIN delivered by e-mail within 24-36 hours

(by regular mail in 7-10 days)
 Can also be used for:




Renewal on the Web
Corrections on the Web
National Student Loan Database
Signing promissory notes for
student/parent loans (Perkins,
Stafford, PLUS)
23
The PIN Website
Flyover
help text
Improved Home Page
www.pin.ed.gov
 Fly-over text describes
menu items
 Re-named “Change My
Address” to “Update My
Personal Information”
 Re-ordered main menu
options so those most
frequently used are at the
top and are in logical
order
24
After you file the FAFSA
•
•
•
•
•
Results are sent electronically to the college(s) the
student selected.
Students & Parents will receive the results of their FAFSA
by e-mail (or regular mail) - Student Aid Report (SAR).
Students may be required to verify the information
submitted on the FAFSA (submit tax forms).
Contact the college with any Special Circumstances.
After the student is admitted to a college, a financial aid
package will be prepared.
25
CSS /PROFILE
(used by some private schools)
 Collects additional data colleges need
 Targets non-federal funds
Financial need (ability to pay) vs. federal eligibility
(EFC)
 Supports Institutional Methodology (IM) as well as
Federal Methodology (FM)
 Supports early estimates/early admission

26
Timelines
 The earliest a student can file the FAFSA for the
2006-2007 academic year - January 1, 2006.
 Check with the colleges at which the student plans
to apply for institutional deadlines and
requirements.
 Failure to apply early may result in less aid even if
eligible.
 Students must re-apply for aid every year. Renewal
notification is sent to students towards the end of
each calendar year.
27
What is Financial Aid?
Scholarships
Grants
Loans
Employment
opportunities
28
Three primary sources of funding:
 US Department of Education

the federal agency that provides college funding in the form
of grants, scholarships and loans
 States

most states have agencies that administer state scholarship
and grant programs, college savings and prepaid tuition
programs, and loans. (In WI it is HEAB, the Higher
Educational Aids Board.)
 Colleges & Universities

schools may offer their own scholarship, grant, work-study
and loan programs, with each college setting its
requirements
29
Gift Aid (FREE $$$)
Grants & Scholarships
 Federal (Administered by schools)
•
•
Federal Pell Grant
Federal Supplemental Educational
Opportunity Grant (SEOG)
 State (Administered by HEAB, DPI-WEOP & Schools)
 Institutional (Endowment funds from Schools)
 Private (Various outside organizations)
30
Self-Help Aid
Loans
(must be repaid with interest)
Employment
(must be earned as wages)
 Federal Perkins Loan
 Federal Work-Study
 Federal Stafford Loans (school
 Institutional Work-Study
determines the loan program)

Federal Family Education
Loan (FFEL) Program

William D. Ford Federal
Direct Loan Program
Programs
 Off Campus employment
 Federal PLUS Loan (Parents)
 State Loans
 Institutional Loans
 Private-Alternative Loans
31
Other Financing Options
 School Payment Plans (spread over
several months)
 Home Equity Loans (longer repayment,
tax deductible)
 Life Insurance Policy Loans
 Pension Plan Loans
 529 Plan withdrawals
32
Need versus Merit Aid
 Aid based on financial need
Most government grants
 Subsidized student loans
 Federal Work-Study
 Aid based on merit
 Academic and athletic
scholarships
 Some government grants
 Some scholarships require
merit and need

33
Government Resources
 Corporation for National and Community Service
 Veteran’s benefits
 ROTC Scholarships and/or stipends
 Bureau of Indian Affairs (BIA) Grants
 State Divisions of Vocational Rehabilitation (DVR)
 Health and Human Services Loan and Scholarship Programs
34
Other Sources of Funds
 Parental Affiliations

Employers & Labor Unions

Religious and Community Organizations

Clubs and Civic groups
 Civic organization scholarships

High School

Local Public Library
 Private business scholarships
35
FREE Scholarship Services
36
Role of the Financial Aid Office
 Answers your questions
 Determines financial need eligibility for various types of financial




aid
Verifies applicant data when required
Develops policy and procedures to distribute aid
Packages aid from all available sources
Sends award notification letters/e-mails with information on:
 Costs
 Amount awarded from each aid program
 How and when aid will be disbursed
 Terms and conditions of student’s award
37
How to Compare College
Financial Aid Offers
 Start with tuition, fees, room and board
 Subtract grant and scholarship offers only
 The difference is your “net cost”
 Always compare net cost
 Do not subtract Federal Work Study as a lump sum
disbursement
38
Award Package Comparison
School?
1.
2.
3.
Cost of Attending? (Includes?)
$
$
$
Expected Family Contribution (EFC)
from FAFSA/SAR?
$
$
$
Need (Cost-EFC)?
$
$
$
Gift Aid: Grants & Scholarships
1.
$
Renewable?
$
Renewable?
$
Renewable?
2.
$
Renewable?
$
Renewable?
$
Renewable?
Work Sources
$
$
$
Aid Package:
Loans (Type and Interest rate):
1.
(
%)
$
$
$
2.
(
%)
$
$
$
Unmet Need (Cost – EFC- Aid)
39
Sample Questions for the
Financial Aid Office
 1) What is the average cost for the first year? Estimates for future









years?
2) Does applying for aid affect the admission decision?
3) What type of aid does the school have? Need-based or Merit?
4) What applications, besides the FAFSA, are needed to apply for
aid?
5) What is the priority deadline date for all types of financial aid?
6) When will I be notified about a financial aid award?
7) How does the aid package normally change from year to year?
8) What are the conditions of the aid package?
9) Is there an opportunity to appeal if the package isn’t enough?
10) How does the College bill for tuition, fees, etc.?
40
Role of the Business Office
Calculates tuition, meals and other fees
Sends billing statements
Credits financial aid to the student’s account
Sets up payment plans, if available
Processes student checks
Returns financial aid funds that are unearned
Collects payments for charges on student’s
account
 Sends out 1098T for tax purposes







41
Questions?????
42
BREAK 10:00 - 10:15am
43
2005
High School Guidance Counselor Workshops
State of Wisconsin
Higher Educational
Aids Board
Financial Aid is a…
…Shared Responsibility
 Students
 Parents
 State and Federal Governments
 Private Sources
45
Goals of State Financial Aid
 Eliminate financial barriers and ensure
educational opportunity for all Wisconsin
citizens consistent with their individual
abilities, interests, and ambitions.
 Support educational diversity by allowing
students freedom to choose among the
various educational offerings.
46
Who May Receive State Aid?
State financial aid is available to
residents of the State of Wisconsin
enrolled at non-profit colleges and
universities based in Wisconsin:
 University of Wisconsin System
 Wisconsin Technical Colleges
 Independent Colleges & Universities
 Tribal Colleges
47
Who May Not Receive State Aid?
State statutes prohibit students from
receiving state financial aid who are:
 Not registered with Selective Service
 Listed on the Dept. of Workforce
Development’s statewide Child
Support Lien Docket. (Students on the Lien
Docket may still receive state loans.)
48
Applying for State Aid
Free Application for Federal Student Aid


HEAB receives FAFSA data for all Wisconsin
residents.
The FAFSA is the only application for
Wisconsin's 2 major grant programs:
Wisconsin Higher Education Grant
(UW, Technical Colleges, Tribal Colleges)
 Wisconsin Tuition Grant
(Independent Colleges & Universities)

49
State Financial Aid Programs
Programs for Students with Financial Need
Student must file the Free Application for Federal Student Aid (FAFSA)
Wisconsin Higher Education Grant
Wisconsin Tuition Grant
Programs for Students with Financial Need who must also meet
Additional Requirements - FAFSA and additional Application or Nomination
Hearing & Visually Handicapped Student Grant
Indian Student Assistance Grant
Minority Undergraduate Retention Grant
Nursing Student Loan
Talent Incentive Program Grant
Programs Not Based on Financial Need - Do not require the FAFSA
Academic Excellence Scholarship
Minnesota-Wisconsin Tuition Reciprocity Program
Minority Teacher Loan
Teacher of the Visually Impaired Loan
50
Academic Excellence Scholarship (AES)



Awarded to Wisconsin’s top high school seniors who are residents of Wisconsin, and
are US citizens or permanent US residents.
Earned by the high school senior with the highest cumulative grade point average in
the class at the end of the fall semester of senior year.
Up to $2250 per year, for up to four years, toward tuition at participating Wisconsin
colleges or universities. HEAB notifies the college of the student’s AES award, and
the college and HEAB jointly disburse the money and apply it directly to the tuition.
Certificates are sent to the high schools for your AES winners.
51
Academic Excellence Scholarship (cont’d)


The number of Academic Excellence Scholarships that may be awarded per
school is based on student enrollment, as shown in the following table:
Enrollment
Number of Scholarships
1-79
total of 10 available
80-499
1
500-999
2
1000-1499
3
1500-1999
4
2000-2499
5
Over 2500
6
HEAB determines the number of scholarships for each school based on
Department of Public Instruction fall enrollment reports.
52
AES High School Timeline
JANUARY - High schools receive forms, instructions, notification of
number of scholarships available for individual schools (based on
school enrollment), and a copy of the State of Wisconsin Statutes
and Rules which pertain to the AES.
FEBRUARY 15 - deadline for high school guidance counselors to
submit Academic Excellence Scholar names to HEAB.
53
AES High School Timeline (cont’d)
MARCH Students who have earned the Academic
Excellence Scholarship are contacted by HEAB asking them
to verify their intent to accept the scholarship, and asking
which participating school they plan to attend.
HEAB begins the alternate selection process.
MAY - HEAB sends AES certificates to high schools.
54
AES Tips for Guidance Counselors
 The scholarship recipient(s) you list should be the student(s) with
the highest cumulative GPAs at the end of the fall semester of
senior year, regardless of whether or not they plan to accept the
Academic Excellence Scholarship.
 Your districts are required to have a tie-breaking strategy in
place in the event that more than one student shares the highest
cumulative GPA.
 If you have an un-weighted, or traditional, grading system,
alternates for the AES must have the very same GPA as the winner
of the AES.

55
AES Tips (cont’d)
 If you have a weighted grading system, alternates are listed in
order of the next highest GPAs.

The cumulative GPA for each student should be reported
exactly as it is shown on your official high school
transcript.

If possible, student names should be written exactly as the
student wishes it to appear on the certificate.

Schools are encouraged to alert all recipients and
alternates of their AES status as early as possible.
56
Receiving State Financial Aid
 HEAB notifies the college or university
financial aid offices of each student’s
eligibility for state financial aid.
 The financial aid offices include the state
aid in the student’s financial aid package.
57
Contacting HEAB
State of Wisconsin
Higher Educational Aids Board
P.O. Box 7885
Madison, WI 53707-7885
(608) 267-2206
Fax: (608) 267-2808
E-Mail: [email protected]
Web Page: http://heab.wisconsin.gov
58
Questions? Comments?
59
Department of Public Instruction
Wisconsin
Educational
Opportunity
Programs
(WEOP)
60
WEOP Offices

620 Beaser Avenue
Ashland, WI 54806
(715)682-7975

204 E. Grand Avenue
5th Floor
Eau Claire, WI 54701
(715)836-3171

2140 Holmgren Way
Green Bay, WI 54304
(920)492-5745

101 W. Pleasant Street
Suite 204
Milwaukee, WI 53212
(414)227-4466

125 South. Webster Street Room
309
PO Box 7841
Madison, WI 53707-7841
(608)267-1058

2113 N. Wisconsin
Racine, WI 53402
(262)638-7370

133 River Drive
Wausau, WI 54403
(715)842-0871
61
What is WEOP?
WEOP’s purpose is to help
educationally and economically
disadvantaged students continue
their education through select
statewide programs.
62
WEOP Programs
 State and Federal Talent Search Programs
 Early Identification Program (EIP)
 Federal GEAR UP Program (GU)
 Federal Upward Bound Program (UB)
 PreCollege Scholarship Program
 Talent Incentive Grant Program (TIP)
63
State Talent Search Program
 Individual advising regarding financial aid,





admissions and careers.
Assist with the college application process.
Identify and recommend students for the TIP
Grant.
Recommend students for the GEAR UP
scholarship.
Assist students in identifying scholarship
sources.
Make financial aid presentations to parents,
students, and community groups.
64
EIP, FTS, UB, GU Guidelines
 Grades 6-12
 Programs are provided to:
Targeted School Districts
 Students who meet federal income guidelines
 Programs emphasize:
 Academic Achievement
 Tutoring
 Mentoring
 Parent Involvement
 College Visits
 Early Awareness

65
GEAR UP Scholarship
Eligible participants:
•Are GEAR UP, EIP or Federal Trio students
who are eligible for the TIP grant.
•Must be nominated by a WEOP Counselor.
•Must attend a public, private, or technical
college in Wisconsin.
•Can receive this renewable scholarship for 10
consecutive semesters of attendance.
66
Pre-College Scholarship Program
 Available to Wisconsin students grades 6-12 .
 Must be eligible for free or reduced lunch.
 Must have a 2.0 or better GPA to receive a
scholarship.
 Covers tuition, books, supplies, room and board.
 Application must be signed by guidance
counselor, teacher, principal or WEOP counselor
and a parent or legal guardian.
67
Talent Incentive Program (TIP)
 TIP Grant Purpose:
Assist low-income students with limited
financial resources.
68
Benefits of the TIP Grant
 Grant ranges from $600-$1800 per year.
 Automatically renewable if student applies for
financial aid and is continuously enrolled at least
half time.
 Available for 10 consecutive semesters.
69
TIP Guidelines
 Must be a WI resident.
 Attend a WI technical, public or private
college/university.
 Be a first time college freshman. (A student who
has been enrolled in a post-secondary institution
for less than two semesters at half time or
greater status since attending high school.)
 Must meet the following criteria:
70
TIP Criteria
 A student must meet one criteria from Group A and
one from Group B.
 Group A is based on financial need.
 Group B is based on other factors.
 The criteria is based on dependent or independent
status for financial aid purposes.
71
Group A
Dependent Student
1. Parent contribution at or below $200.
2. Family receives TANF benefits.
3. Parents unemployed and have no current
income from employment.
72
Group A
Independent Student
1. A student contribution at or below $200.
2. A student receives TANF benefits.
3. A student is unemployed and receives no
income from employment.
73
Group B






A student must meet one of these criteria:
Be a member of a minority group.
Be enrolled in a special academic support
program at college.
Be first generation (neither parent graduated from
a 4-year college).
Is disabled.
Be formerly incarcerated.
Have special family circumstances that may deter
the student from pursuing a post-secondary
education.
74
Required Documentation
College Letter of Acceptance or Class
Schedule
 Student Aid Report (SAR)
 Student and Parent prior year tax
forms (if filed)
 Verification of untaxed income
 Financial Aid Award Letter

75
How to apply?
 Contact your
nearest WEOP
office
76
Thanks!
Questions or
Comments…
77
Special Topics in Financial Aid
 Scholarship Scams
 FAFSA Scams
 Federal Methodology
 Special Circumstances
 Processing
 Tool Kit
 Demonstration
78
College Scholarship Fraud
 Scams net $5 million annually
 350,000 students/parents affected
 Selling what you can get for free
 Never pay to find a scholarship!
 Never pay a scholarship provider to
apply!
79
Scholarship Scam Warning Signs
 “A list of scholarships is guaranteed”
 “I just need your credit card number”
 “Please enclose a $5 processing fee”
 “You’ve been selected” by a group you never
heard of
 “You’re a finalist” in a contest you never
entered
80
FTC Consumer Alert:
the FREE Financial Aid Seminar
 Direct mail marketing to parents
 Scare tactics
 Exaggerated claims
 Phony guarantees
 High-pressure sales pitches
81
Avoid Being Scammed
 For information about financial aid scams and tips to avoid being
scammed check:

Department of Education’s web site at:
http://studentaid.ed.gov/students/publications/lsa/index.
html
Federal Trade Commission’s web site at:
www.ftc.gov/bcp/conline/publs/alerts/ouchart.htm
 To check the legitimacy of scholarship search organizations or
individuals check Better Business Bureau’s web site at:
http://www.bbb.com/

82
CAUTION!
 Avoid being charged a fee to file the FAFSA



Processes of completing and processing the FAFSA are
FREE
If filing FAFSA on the Web, make sure you go directly
to: www.fafsa.ed.gov (not www.fafsa.com)
Contact the financial aid
office if you need help in
completing the FAFSA
83
Special Circumstances?
Call the Financial Aid Office
 Divorce/Separation
 Loss of income or benefits
 One-time income
 Death or Disability of student or parent
 Medical/Dental expenses not covered by insurance
 Elementary or secondary school tuition
 Dependency override
(Note: Professional Judgement is at the sole discretion of each institution.)
84
Professional Judgment by
Financial Aid Administrators

Overrides are determined by each institution on a case by case
basis.

Another institution cannot automatically accept an ‘override’.

The override must recognize the unique situation of the student
and must be documented.
85
For Federal Methodology (FM)
Who is a Parent?
• Two biological parents married to each other
• Divorced or separated parents
• Stepparent
• Widowed parent
• Legal adoptive parent
86
Divorced/Separated Issues
 FAFSA is to be completed by parent with whom the student is
living.
 If parent has remarried, stepparent information must be
included on the FAFSA.
 Some higher cost schools will ask for a Divorced/Separated
Supplement to be completed on other parent to determine
eligibility for college programs.
87
Independent Student Definition








At least 24 years old;
Graduate or professional student;
Married;
Has child for whom student provides more than half
support;
Has dependent other than child or spouse who lives with
student and for whom provides more than half support;
Orphan or ward of the court;
Veteran of the U.S. Armed Forces; or
Determined to be independent by the financial aid
administrator
(Parents refusal to provide support or financial data is insufficient to make a
student independent regardless of tax filing status)
88
FINANCIAL AID PROCESSING
UPDATE
Application Volumes: 2004-05 and 200506 Processing Statistics
9,000,000
 8,155,436
8,000,000
2004-05 FAFSAs
processed as of June 19,
2004
 8,354,842
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
2005-06 FAFSAs
processed as of June 19,
2005
0
Applications through Week 25
2004-05
2005-06
That’s a 2.5% increase!
US Dept of Education Processing Update
89
FAFSA on the Web and
Renewal FAFSA on the Web
 Section 1 of FAFSA on the Web Home Page
 Link to State Deadlines added back
 School code search link added back
 New printable checklist of items needed to
complete application
 The Application
 Option to apply for a PIN within the
application presented only if applicant does
not electronically sign at beginning of the
session
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FAFSA on the Web and
Renewal FAFSA on the Web
 When applicants encounter a verifiable reject
condition, they cannot click “okay.” They must either:
 Correct the data, or
 If data is correct, re-enter the data in a pop-up box
 Improved instructions for “Process my application
now without signatures” at the end of the application
to:
 Improve applicants’ understanding of what they
need to do next to complete signature process
 Ensure applicants successfully transmit application
data
91
FAFSA on the Web and
Renewal FAFSA on the Web
 Parents with multiple children in college
can continue to transfer information to
additional applications
•
In 2006-07, link on confirmation page to
“Begin a new application with parent data
already filled in?” will display only for -• Dependent students
• Independent students who provided
parent data on the application
92
E-Mail Correspondence
 When e-mails with links to SAR information
on the Web are returned as undeliverable, a
paper SAR or SAR Acknowledgement will
be generated and mailed to student
 Spanish e-mail notifications will be sent to
students and parents who submitted
Spanish-language applications and
provided valid e-mail addresses
 Paper SARs will be printed on blue paper
for 2006-2007
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FAFSA on the Web:
www.fafsa.ed.gov
Advantages to Applying Online:
 Complete and send FAFSA on the internet directly to










federal processor
Saves 7-21 days compared to paper FAFSA
Access from anywhere
Automatically edits data as you enter it and detects errors
before submission
Skip logic: asks only what you must answer
English or Spanish versions
Electronic Signature
E-mail notification of results
Detailed online help screens
Real-time online chat for immediate answers
Instant access to EFC estimate
94
FAFSA on the Web
 Apply
 Renewal
 English and Spanish




options
Access PIN Web site
Check status of
application
View SAR information
Make corrections
www.fafsa.ed.gov
95
There is always the
2006-07 Paper FAFSA
 2006-07 FAFSA
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

Blue for Students
Purple for Parents
FAFSA will include
– Return receipt postcard
– Insert
No new questions
Questions follow same order as last year
96
FAFSA on the Web
Worksheet
 ED Seal added for
more “official” look
 Paper FAFSA
question “numbers”
added
 Reformatted for ease
of use
97
Student Aid Communications
 FAFSA
on the Web
 Student Aid Report
(SAR)
 E-mail Notifications
 Paper FAFSA
98
FAFSA on the Web Toolkits
Mailed in October to -Toolkits will include –
 Postsecondary schools
 FOTW Brochure
 High schools
 PIN Brochure
 State agencies
 Poster
 Libraries
 Tips Card
 PTAs
 Web-Link Graphics
Flyer
 TRIO Centers
 FAA Access Flyer
 Gear Up
 NCAN
99
Frequent FAFSA Errors
 Missing Signatures/PIN
 Wrong Social Security Number
 Divorced/remarried parent information
 Income earned by parents/stepparents
 Untaxed income
 U.S. income taxes paid
 Household size
 Number in postsecondary education
 Real estate and investment net worth
 Not using real name
 NOT APPLYING AT ALL
100
Web Demonstration Site
 FAFSA on the Web and FAA Access demonstration
sites will be available later this year
 To access sites, go to http://fafsademo.test.ed.gov
 Enter:
 User Name: eddemo
 Password: fafsatest
 Click on FOTW or FAA Access buttons at bottom of
screen to access demo site
 Available until following December
101
FAFSA Demonstration
At this time we will log into the
FAFSA demo website to
complete an application.
102
Questions? Comments?
How can we help
you?
What challenges
do you have?
Do you need
assistance with
your financial aid
night?
103
THANK YOU ALL FOR
ATTENDING!!!
Please complete the evaluation.
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