CAL-SOAP PRESENTS…

Financial Aid Basics

How much does college cost?

Registration Fees Only

University of California $13,200 California State University $7,025 California Community College $1,104 Private Universities $32,100

Miscellaneous $3,550 Transportation $1,300 Fees/ Tuition $13,200 Books and supplies $1,550

University of California Total

$33,000 Room and board $13,400

Miscellaneous $3,829 Transportation $950 Fees/ Tuition $7,025

Cal State Total

$24,394 Books and supplies $1,666 Room and board $10,924

Miscellaneous $3,250 Transportation $1,200 Fees/ Tuition $1,104

Community College Total

$15,129 Books and supplies $1,675 Room and board $7,900

How to pay for college?

Paying for Education

Savings or 529 Plans Student Scholarships Student Grants Student Federal Aid Loans

What is FAFSA?

Free Application for Federal Student Aid Federal and State Financial Aid

Cal Grants (A, B, C) Institutional Grants Federal Work Study Federal Grants (Pell Grant) FAFSA Financial Aid Package Parent and Student Loans

How the FAFSA determines your Financial Aid •The amount of money you receive is based on your

Expected Family Contribution (EFC)

•

EFC

= The amount your family is expected to pay for your college based on family income Total Cost of Attendance Expected Family Contribution (EFC) Financial Need

For Example

UCSD [living on campus]

Cost of Attendance

$31,700

SDSU [living on campus]

$23,444

Mesa College [living at home]

$11,445 $1,000 $1,000 $1,000

Financial Need

10 0 30

COA EFC = Federal Eligibility

Cost of Attendance – Expected Family Contribution = Federal Eligibility

(For grants, scholarships, work-study, and loans)

College Costs in Thousands

(Tuition/fees, residence, meals, books, transportation, and personal expenses)

20 15

COA

COA

COA

EFC

COA

Federal Eligibility

(9)

Components of FAFSA

Create student and parent pin number for electronic signature Fill out and Submit FAFSA application online Review SAR (Student Aid Report) Review CAR (California Aid Report)

Apply for a Pin

Student and a Parent MUST get a PIN number to sign FAFSA online!

Get your PIN numbers

NOW

!

www.pin.ed.gov

www.pin.ed.gov

Requirements Social Security number Name Date of birth Address Email address (encouraged) Challenge question response A PIN will be issued upon submitting the request.

Note: A PIN will be rejected if there is no Social Security Administration match.

Documents Needed to Complete FAFSA

Student and Parent Social Security # Student and Parent Financial Records/ Tax Return Forms 2011 or 2012 Bank account records, investments and business records List of colleges of interest Parent and Student PIN #

FAFSA 7 Step Process

Step 1: About the Student   Use name printed on Social Security Card Identify, select and confirm High School attended

•

Step 2: College Selection

• Add a School Federal School Code Search by: o o o State City Name • • Housing Plans On campus With parent

Step 3: Determine Student Dependency Status • “No” to all questions: • • makes the student “dependent” Must submit parent information •

Note:

child must be supported financially —more than 50%

Independency Determination

Foster Care

Select Yes if at any time since the student turned age 13, he/she was in foster care even if no longer in foster care today due to:  Adoption   Reunification Reached the age of majority (18 yrs.) Note: documentation may be required.

Emancipated Minor

Select Yes if the student:  as of today, is an emancipated minor or  was an emancipated minor immediately before turning 18 years old.

Note:

Documentation issued from a court in the student’s state of legal residence may be required.

Independency Determination Continued

Homeless and Unaccompanied Youth

Select Yes if any time after July 1, 2012, 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 living in the physical custody of a parent or guardian “

Youth

”  21 years or younger  Still enrolled in high school at the time the FAFSA is completed

Independency Determination Continued

Legal Guardianship

 Provide copy of court’s decision regarding legal guardianship.

Step 4: Parent Information  Parents Include:  Biological Parents   Divorced or Separated Parents  With whom the student lived with most during the last 12 months Stepparent  Report Stepparent’s income regardless of: agreement of non support, pre-nuptial agreement, not claiming on income tax

Step 4: Parent Information Continued  Do not provide parent information for Foster parent(s)  Student is automatically considered an independent student  Grandparents, other relatives or legal guardian(s)  Colleges may use professional judgment to allow the student to file as an independent student

Step 4: Parent Information Continued  Household Size: Parent provides more than 50% financial support  Number in College: Student enrolled at least half time ( Exclude parent if currently enrolled in college courses)

Step 4: Parent Information Continued Dislocated Worker • Lost job • Laid off • Self-employed/ unemployed or underemployed • Displaced homemaker

Step 5: Student Income and Assets  Asked the same questions as parents related to income

IRS Data Transfer or Return Transcript IRS Data Transfer  Transfer information directly from the IRS  Requires PIN  Available January 31 st  After filing tax return 

OR

Submit an IRS Tax Return Transcript

Step 6: Signatures and Certification    Both parent and students consent to terms of agreement Both parent and students sign and submit using electronic pin If parents do not have social security numbers:  Print signature page   Sign signature page Send to FAFSA using certified mail

Step 7: Confirmation   Page will show:  Estimated Family Contribution (EFC) Print and keep copy for your record

Cal Grants

Cal Grant A 3.0 High School GPA

Cal Grants

Cal Grant B 2.0 High School GPA Financial Need determined by FAFSA Financial Need determined by FAFSA

Supplemental Forms for Cal-Grant

Submit GPA Verification Form electronically or by mail Begin submitting November 2012 Deadline for submission is

March 2, 2013

Cal Grants Cal Grant C Technical and career students Financial Need determined by FAFSA Cal Grant C Supplement Form

California Chafee Grant for Foster Youth

Eligibility Began Foster care between ages 16-22 Have financial need certified by school Maintain 2.0 GPA Can use at a college outside California

1

How to apply for Chafee Grant

• • Obtain PIN www.PIN.ed.gov

2 • • Complete FAFSA application www.fafsa.ed.gov

3 • • Complete Chafee Application www.chafee.csac.ca.gov

DREAM ACT STUDENTS or AB 540 STUDENTS

(no social security #) Submit Application Online January 1 st -March 2 nd

www.caldreamact.org

***DO NOT USE FAFSA APPLICATION

Definition of AB 540 Students  AB 540 students are not:  Students with non-immigrant visa status  Students homeschooled by a parent who does not hold a CA teacher credential  Students living out of state and enrolling in private California “internet high school”

Dream Act Eligibility Requirements

1 Attend a CA High School for 3 or more years 2 Graduate from a CA High School 3 File an affidavit with college or university stating that you intend to file and application to legalize your immigration status

Supplemental Form for Dream Act Application   Submission of GPA verification Eligible for all California state and institutional aid

Finding Scholarships

www.collegeboard.com

www.scholarships.com

www.collegenet.com

www.sandiegocalsoap.com

www.fastweb.com

www.maldef.org (AB 540)

CSS/ Financial Aid Profile: Private Colleges Financial aid application administered by the College Board Required by some independent colleges and scholarship organizations to award

private aid

Available online at https://profileonline.collegeboard.com

Deadline for submission varies by institution .

Complete the FAFSA and GPA Verification Form Apply January 1 st - March 2 nd First come first serve!

www.fafsa.ed.gov

Attend a Cash For College Workshop!

 Jan 26: 9am-12noon  Lincoln High School  Feb 2: 9am-12noon   Montgomery High School Monte Vista High School  Hoover High School  Feb 9: 9am-12noon  Sweetwater High School  Feb 9: 10am-1pm  Mira Costa College  Mira Costa College- San Elijo  Feb 23: 9am-12noon     Mar Vista High School El Cajon High School Madison High School CSU San Marcos

FAFSA PROCESS SUMMARY

Step 1 Student and Parent must apply for a PIN www.pin.ed.gov Step 2 Complete the FAFSA online before March

2

www.fafsa.ed.gov

Step 3 Review your Student Aid Report (SAR) Step 4 Receive financial aid packages from each of your colleges of interest

Contacting Cal-

SOAP…  Find our representatives at local Cal-SOAP college and career events.  For events and general college information: www.sandiegocalsoap.com

 Questions? Call our office: (858) 569-1866