2009-2010 FAFSA - Maine South High School
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Transcript 2009-2010 FAFSA - Maine South High School
Jamie Petersen
Cheryl Warmann
Oakton Community College
January 9, 2013
[email protected]
Demographic Information
Student’s name and address
Student’s SSN and date of birth
Student’s driver’s license information
Student’s email address (preferably not the high
school assigned email address)
Citizenship Status
U.S. Citizen
Eligible Noncitizen
Permanent U.S. Resident with Permanent Resident Card
Conditional Permanent Resident
Arrival-Departure Record I-94
List Alien ID Number
Student needs a SSN; parents do not
Student’s Marital Status
Single
Married/Remarried
Separated
Divorced/Widowed
State of Legal Residence
Illinois
Enter date of legal residency if moved to IL after
January 1, 2008
Selective Service
If child is male and NOT registered, select “Register
me”
If there is a question about registration, it is okay to
check “Register me”
Drug Convictions & Student Aid
No, I have never received federal student aid
Parent(s) Education
Select highest educational level completed
High School
High School Completion Status
High School Name
High School City and State
College Information
Grade level
Most likely “never attended college and 1st year
undergraduate”
Degree or certificate
Most likely “1st bachelor’s degree” or “associate degree”
School codes
Can enter up to 10 colleges
Search capability
Dependency Status
Not usually
Not born before 1990
Not married
Not in graduate school
Not in service on active duty
Not a veteran
Dependency Status
Not usually
Providing more than 50% of support of a child
Providing more than 50% of support for other
dependents
Dependency Status
Not usually
An orphan, ward of the court, foster care (after age 13)
Emancipated by the court
Assigned a legal guardian by the court
Determined to be an unaccompanied youth & homeless
after July 1, 2012, by
High school
Director of HUD funded shelter
Director of youth center or transitional living program
Who is a Parent?
Married or remarried
Biological Parent or Step-Parent
Divorced or Separated, Single, Widowed
Parent that student lived with more in last 12 months
Month & Year of change in marital status
Email address to learn FAFSA processed
Identifiers
Social Security Number
If parent is remarried; also include step-parent
Last Name and First Initial
On social security card
Date of Birth
Dislocated Worker
Yes if:
Receiving unemployment benefits due to being laid off
and is unlikely to return to the same type of work; or
Laid off or received a lay-off notice; or
Was self employed but is now unemployed due to
economic conditions or natural disaster; or
Is a ‘displaced homemaker’
Previously a ‘stay at home’ mom or dad, no longer supported by
spouse, does not have secure employment
State of Legal Residence
Illinois
Enter date of legal residency if parent moved to IL
after January 1, 2008. Use date for parent who has lived
in the state the longest
Tax Type
Have already completed
Will file
Not filing
1040 (used if you itemize)
1040A, 1040EZ
Foreign Tax Return
Puerto Rico Tax Return
IRS Data Retrieval Process
Available February 1, 2013
Available during initial application and correction
process
Question prompts will be asked to determine
eligibility to use the Data Retrieval System
If no, request will be made for an IRS Tax Transcript
IRS Tax Transcripts
Online request
www.irs.gov
“Order a tax return or account transcript”
Telephone request
1-800-908-9946
Paper request
IRS Form 4506T-EZ
http://www.irs.gov/pub/irs-pdf/f4506tez.pdf
**Must know address used on tax return!
Adjusted Gross Income
2012 Federal Income Tax Form
1040 — Line 37
1040A — Line 21
1040EZ — Line 4
Earnings from Work
W-2 statements or
Federal 1040 – Add lines 7, 12, 18 and
Box 14 or IRS Schedule K-1 or
Federal 1040A – Line 7 or
Federal 1040EZ – Line 1
If you did not work – Enter Zero
Income Tax
Federal 1040 – Line 55 or
Federal 1040A – Line 35 or
Federal 1040EZ – Line 10
Not the amount withheld
Federal Benefits 2011 or 2012
Checkmark
Supplemental Security Income (disability related)
Supplemental Nutrition Assistance Program (SNAP) –
commonly known as food stamps
Free or Reduced Price School Lunch
Temporary Assistance for Needy Families (TANF)
Special Supplemental Nutrition Program for Women,
Infants, and Children (WIC)
Not “medical card”
Additional Financial Info
Educational Credits
(Next year may have Hope Scholarship Credit)
Child Support Paid
Taxable earnings from limited Financial Aid
(Next year student may have federal work study)
Taxable grants or scholarships
Combat Pay or Special Combat Pay
Cooperative education earnings
Additional Financial Info
Child Support Paid
Statement signed by applicant, spouse, or parent who
paid child support certifying:
Amount of child support paid
Name of person to whom child support paid; and
Name of children for who child support paid.
If institution believes information is inaccurate, other
acceptable documentation:
Copy of separation or divorce decree listing amount
Statement from individual receiving payment showing amount
Copies of child support checks or money order receipts
Untaxed Income
Tax-Deferred Savings (eg: 401K & 403B)
W-2 Box 12a-12d (Codes D, E, F, G, H and S)
Child Support Received
IRA Deductions/SEP, SIMPLE, Keogh, etc
Tax Exempt Interest (eg: Municipal Bonds)
Untaxed IRA Distributions/Pensions
Exclude Rollovers
Untaxed Income
Military, Clergy, etc
Housing, food, other living allowances
Noneducational Veterans Benefits
Disability, Death Pension
Other untaxed
Workmen’s Compensation; First-time homebuyer tax
credit
Gifts (eg: someone paying bills)
Cash, Savings, Checking
As of the day FAFSA completed
Investments (Net Worth)
Real Estate
Second home
Rental property
Trust Funds
Unified Gift & Transfers to Minor Accounts
Money Market Funds
Mutual Funds
Certificates of Deposit
Investments
Stocks/Stock Options
Bonds
Other Securities
Coverdell Savings Accounts
529 College Savings Plans
Accounts reported as parental investment
Include sibling’s account
529 Prepaid Tuition Plan (refund value)
Business/Farms (Net Worth)
Investment Farms (not family farm)
Business
100 or more full-time employees
Family controls less than 50%
Student Finances
Follow same definition as parent section
Assets
Cash, Savings, Checking-as of today
Investments-Unified Gift to Minors/Trust Funds
Dependent earnings under $6,130 are “protected”
Family Members in Household
Student
Parent(s)
Parents’ other dependent children
Other people if
Live with Parents and
Receive 50% or more support from Parents and
Will continue to receive 50% or more support from
Parents in 2013-2014
College Students
Student
Include others if they will attend at least half-time in
2013-2014
Do not include parent(s)
Contribution from Assets
Student
Max of $200 per $1,000 of savings/investment
Parent age 45 (single parent)
Assets over $10,600
$120 for every $1,000
Parent age 45 (two parents)
Assets over $36,200
$120 for every $1,000
PINs, Colleges, and Deadlines
Create PINs (electronic signatures)
Student and Parent
When online—keep going until you have a
confirmation number
Check College Websites for Deadlines
IL Monetary Award Program
Formula and Calculators
www.ifap.ed.gov
Search EFC Formula Guide
www.fafsa4caster.ed.gov
www.collegeillinois.org
College
Calculators
EFC Calculator
Additional Help
Federal Phone Number
1-800-4-FED-AID
Oakton Community College
By appointment
Mon-Fri; Feb. 4-15; 9am – 4pm
847-635-1708 or [email protected]
Collegeillinois.org for other sessions