Transcript Financial Aid info night - South County Cal-SOAP

Presented by:
Money
that the federal or state
government gives or loans students.
FAFSA=Free
Application for Federal
Student Aid
FAFSA
Website: www.fafsa.ed.gov
 U.S.
citizen or Permanent Resident
 Have a Social Security Number
 High school diploma, GED, or equivalent.
 Demonstrate financial need
 Register with Selective Service (males only).
 Enroll in an eligible degree or certificate program.
 Good academic progress.
Cal-Grants
Pell
Grants
University Grants
Loans
Work Study
 Grants=Free
Money
◦ Cal Grant A
◦ Cal Grant B
◦ Cal Gran C
 Loans=Borrowed Money
◦ Subsidized Loan
◦ Unsubsidized Loans
 Work
Study =Work for your money
 Scholarships=Free
Money
Program
Who can apply
Annual awards
up to..
Application
deadline
Forms required
Eligibility
requirements
Cal Grant A
undergraduates
CSU: $5,472 March 2
UC: $12,192
Verified GPA
3.0 High
school GPA
Cal Grant B
undergraduates
$1,473 (first yr)
March 2
Verified GPA
2.0 high school
GPA, financial
need
March 2
Verified GPA
Financial need
Fees/Tuition
plus 1,473 in
2nd, 3rd, 4th year
Cal Grant C
Technical and
career students
Federal Pell
Grant
undergraduates
$5,550
March 2
Fafsa.ed.gov
Financial need
(EFC and COA)
FSEOG
undergraduates
$4,000
March 2
Fafsa.ed.gov
Financial need
(EFC and COA)not
all colleges offer it
University of
California
Student Aid
UC
undergraduates/Gra
duate
$14,000
March 2
Fafsa.ed.gov
Financial need
State University
Grant
Undergraduates/gra
duates
Full systemwide fees
March 2
Fafsa.ed.gov
Financial need

On July 1, 2013 Governor Jerry Brown signed a
historic legislation aimed at making higher education
more affordable. Starting in the 2014-15 academic
year, the Middle Class Scholarship (MCS) program
would apply to undergraduate students with family
incomes up to $150,000 and who attend a University
of California or California State University campus.

Who qualifies for the Middle Class Scholarship?
New, transfer and returning undergraduate students to
California State University or University of California with a
family income of up to $150,000 may be eligible for the
Middle Class Scholarship.

What are the requirements to receive a MCS?
You must be a U.S. citizen, permanent resident, or have AB
540 status; not be incarcerated; not be in default on a student
loan; be a California resident; maintain a 2.0 GPA; meet
certain income and other financial aid standards; and attend a
California State University or University of California
campus
 Eligible
students can earn part of their
financial aid through working on or off
campus.
 15-20 hrs per week
 Obtain experience working in a career-related
or community service employment.

Must have financial need.

4.66% fixed interest rate (for 2014-15) for
undergraduate students.

The federal government pays the interest while
student is in school:
◦ Must be enrolled half time or more
◦ Grace period of 6 six months after graduation,
withdrawal, or enrolled in less than half time.
 For
eligible students, regardless of their financial
resources.
 The
student is responsible for paying the 4.66% (fixed)
interest that accrues at the time loan is processed.
 It’s
to student’s advantage to pay the interest while
attending school in order to avoid loan debt increase.
 Loan
costs.
borrowed by parents to help pay for students college
 Interest
rate is fixed at 7.21% depending on the loan
program and college/university student attends.
 Amount
costs.
 Can
borrowed depends on credit eligibility and college
borrow the total amount of undergrad study minus
any aid received.
 Loan
to be considered if grants and Federal student
loans do not cover all college costs.
 Loan
amount and interest rate are based on credit
eligibility of student and/or parents.
 Interest
rate is higher than federal student loans.
 Student
Demographics: Name MUST match the Social
Security Card.
 School
Selection: Students who applied to CSU’s, UC’s
and Private schools should include top school for each
system.
 Emancipated
Minors: select yes ONLY if the student
can provide a copy of a court’s decision that as of
today, he/she is an emancipated minor

Foster Care: Select yes if at any time since the
student turned 13, he/she was in foster care even if
the student is no longer in foster care today due to:
3.
Adoption (even for a day)
Reunification
Reached the age of majority (18yrs)

Note: Documentation may be required
1.
2.
Select yes if any time after July 1 ,2014, the student meets all three criteria
 “Homeless”
or “at risk of being homeless”
 Lacking
fixed, regular and adequate housing. Includes
living in shelters, motels, cars, or temporarily living
with other people because you had nowhere else to go.
 “Unaccompanied”
Not in the physical custody of a
parent or guardian.
 “Youth”
Under 21 years of age
The Financial Aid Office has authority to make a
dependent student independent if unusual
circumstances exist:
 An
abusive family environment
 Abandonment by parents
 Inability to locate parents
The following do not qualify as “Unusual Circumstances:”

Parents refuse contribution to education

Parents unwilling to provide information on the
application or for verification

Parents not claiming the student as a dependent
for income tax purpose

Student demonstrating total self-sufficiency
 If
your student and family have unusual
circumstances, please contact the financial aid office at
the college you plan to attend.

The financial aid office will advise you on how to
proceed.

On June 26,2013 the Supreme Court struck down the
section of DOMA that provided that for purposes of
federal programs, a marriage can only be between one
man and one woman.

FAFSA & CA Dream Act applications: Language will
be gender neutral- Parent 1, Parent 2 as designated
by filers, not processors

FAFSA & CA Dream Act applications now will collect
the information of unmarried parents living together
and parents or parent/step-parent in legally
recognized same-sex marriage.
The FAFSA& Dream Act applications now use relationship of parent to student, VS.
Legal relationship between parents for basis of collecting info.
Relationship of student to
parent
Includes both parents’
incomes on the app?
Only Includes one parents’
income on their app??
Parents married living
together
Yes
No
Parents not married, living
together
Yes
No
Parent is widowed, not
married
No
Yes
Parents are divorced or
separated, not living
together
No
Yes ( Include the parent the student lived
Parent and step-parent living Yes
together
with most during the last 12 months. If
equal time, include the income for the
parent who provided most of the students’
financial support during the last 12 months)
No
Foster Parents *
No
No
Grandparents, brothers,
sisters, uncles, or aunts *
No
No
“ Parent” means biological/adoptive parent- gender
of biological or adoptive parents is not relevant
*
Students living with legal guardians, foster parents, or
relatives are usually considered to be independent students





1. Never Married
2. Married or Remarried
3. Unmarried and both parents living together
4. Divorced or Separated
5. Widowed
 Pin
and Signature
 Terms
of Agreement
◦ Provide documents to verify accuracy of
information
◦ IRS verification
IMPORTANT: Parents who are not legal residents
must mail in the signature page when FAFSA is
submitted and when corrections are made!!
Allows students to transfer information
from the FAFSA to a state application
Note: Option is only offered on the
confirmation page
30


SAR- Student Aid Report is electronically sent within
3-5 days .
IMPORTANT: FAFSA
is not complete until
you add 2014 Tax information!!!!!!!!
 Scholarships
= FREE MONEY!!
 Merit based scholarships (academic performance)
 Need based scholarships (financial need).
 Scholarship funds come from:
•
•
•
•
•
Colleges/Universities
Foundations, Companies
Individuals
Community-Based Organizations
Deadlines will vary depending on the scholarship.
 Involve
a separate application process.
 Scholarships are usually released in Fall.
 Deadlines vary (from late fall to early spring).
 Personal Statement may be required.
 Letter of Recommendation (from teacher, academic
counselor, mentor, supervisor, etc.) may be required.
 Transcripts may be requested.
 Finalists may be interviewed by panel.

Allows specific non resident student to pay in state
fees at UCs, CSUs. and CCCs

Saves students thousands of dollars in college cost
each year

AB540 does not make a student:
◦ Eligible for federal financial aid or
◦ A legal California resident

A Student who:
 Attended at least three (3) years at any Public, Private, Home
Schools or Combination of schools.
OR Attainment of credits earned in California from a
California high school equivalent to three or more years of
full-time high school coursework and a total of three or
more years of attendance in California elementary schools,
California secondary schools, or a combination of those
schools.
 Graduated or received its equivalent; and
 Files an affidavit with the college to apply for legal
immigration status when possible
 Signed
into law September 2011
 Online application will be open January 2014
Aid under CA Dream Act:
1.
2.
3.
4.
UC Grants, State University Grants, BOG Fee
Waiver, Chafee Grant, EOP/EOPS
Cal- Grants
Middle Class Scholarship
Private scholarships administered by campuses

DACA does not prevent students from applying to CA
Dream Act Financial Aid

DACA does not confer a new legal status for students

California Students who have applied for or received
approval for DACA should complete CA Dream Act
Application and NOT the FAFSA

January 1st: Begin applying for FAFSA

January 20nd: Ann Sobrato Cash for College

January 22nd : Christopher High School Cash for College

January 27nd: San Benito High School Cash for College

January 29nd : Gilroy High School Cash for College

March 2nd: Priority filing deadline to apply for Cal Grants.

March 6th: Common Application Scholarships Deadline!!!
-Due by 4pm in Student Services