Transcript 2008-09 California Cash for College FAFSA Presentation

Financial Aid
Overview
2009-2010
Presented by
The East Bay Cash for College Coalition
Presenter: ……..
Presentation available for download at:
www.eastbayconsortium.org
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Cash for College $1,000 Scholarship
Evaluation
Complete and turn in the
Student Evaluation BEFORE
you leave!
• Location and Date
• Write Clearly!
• Scholarship Rules on pg 2
• Must submit your FAFSA and
Cal Grant GPA by March 2nd
• Winner will be chosen after March 2nd
and announced by your counselor or by a
letter mailed to the address provided.
• Scholarship will be sent to the college.
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Types of Financial Aid
Gift Aid - Grants or
scholarships that do not
need to be repaid
Work - Money earned by
the student as payment
for a job on or off campus
Loans - Borrowed money
to be paid back, usually
with interest
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Financial Aid
Award Letter
All Financial Aid Award
letters include the
following:
• Cost of Attendance
(or Student Budget)
• Expected Family
Contribution
• Aid Offered
- grants
- work-study
- loans
- scholarships
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Types of Applications
GPA Form
FAFSA
Cal Grant GPA Verification Form
Check college websites for
additional forms such as:
– CSS Financial Aid Profile
– Scholarships Applications
– CCC Board of Governor’s Fee Waiver
May need to provide a copy of your
family’s 2008 Federal tax returns
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2009-2010 Cal Grant
Application Requirements
By March 2, 2009, complete and submit:
Free
Application
for Federal
Student Aid
(FAFSA)
Cal Grant
GPA
Verification
Form
OR
Release
Form
Check with your high school or college counselor
for more details on how to file your Verified GPA
for Cal Grant consideration.
www.calgrants.org
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Citizenship Status
NOTE: if you are undocumented or under-documented

A valid social security # (for the
student only) is required on the forms
for federal and state financial aid.

You may be eligible for in-state tuition
costs at California public colleges or
universities.

Check with colleges and universities
to see if institutional financial aid is
available.

Apply for all private scholarships for
which you may be eligible
For more information and a
list of scholarships, go to:
www.latinocollegedollars.org
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Special Circumstances
Contact the Financial Aid Office if there is:
– Loss or reduction in parent or student
income or assets
– Death or serious illness
– Natural disasters affecting parent
income or assets
– Unusual medical or dental expenses
not covered by insurance
– Reduction in child support, social security
benefits or other untaxed benefit
– Financial responsibility for elderly
grandparents
– Any other unusual circumstances that
affect a family’s ability to contribute to
higher education
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See presenter for
handout on Special
Circumstances
documentation
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FAFSA Information & Tips
File early, but no later than
March 2, 2009
Use estimated 2008
income information if
taxes are not complete at
time of FAFSA submission
Student and at least one
parent whose information
is reported must complete
and sign the FAFSA
PINs available in Real Time
thru the FAFSA Website:
www.fafsa.ed.gov
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FAFSA on the Web
Worksheet
READ all
instructions and
gather what you
need to complete
this form!
Black = questions for student
Purple = questions for parent
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Your Social Security Number (Q8)
Your last name (Q1)
1 2 3
4 5
6 7 8 9
HERNANDEZ-GARCIA
List the student’s name and Social Security
number exactly as they appear on the
Social Security card.
Both will be compared through
a database match process.
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Citizenship Status (Q14, Q15)
0 1 2
3 4 5 6 7 8
a.
If U.S. citizen, status will be confirmed by a Social
Security match.
b.
If eligible noncitizen, SSN and ARN will be confirmed
by Department of Homeland Security (DHS) match.

c.
Write in your eight- or nine-digit Alien Registration Number (ARN)
If neither a citizen or eligible noncitizen, you are
ineligible for federal/state aid, but might still be eligible
for state or institutional funds.
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Selective Service Registration (Q22)
MALE students will be entered into a
database for use if there is a draft. There
has not been a draft since 1973.
If you are not 18 as of the day you submit
your FAFSA, you can leave it blank,
but remember to select “Register me”
on next year’s FAFSA.
For more information, go to:
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www.sss.gov
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Work-study and Loans? (Q31)
• Interest in Work-study and Loans does NOT
obligate you to work or borrow, nor will it
cause you to lose grants and scholarships.
• Answering “Neither” may restrict some
options for limited loans and work-study
funds.
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Section 2
Determination of Student Dependency Status
You will need proof if you answer YES.
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Dependency (continued)
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Section 3 – Parental Information
See top of Page 4 about
who is considered a parent:
– Biological or adoptive
parent(s)
– Stepparent (regardless of any
prenuptial agreements)
DO NOT include
information on:
– Use only one parent’s
information if divorced or
separated
- legal guardians
- grandparents, or
- other relatives
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See presenter for handout
on Special Circumstances
documentation
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Father’s and/or Mother’s SSN, Last
Name, and Date of Birth (Q63-70)
2 3 4
5 6
7 8 9 0
JONES
0 5
0 3
0 0 0
0 0
1 9 5 9
0 0 0 0
PARKER
0 7
1 9
1 9 6 0
Information should be listed as they appear on the
parent/s’ Social Security Card for a database match
If parent does NOT have a SSN, enter 000-00-0000
Do NOT include additional information on parent if
single, divorced, separated, or widowed.
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Parents’ Tax Return Filing Status for 2008
Q82 NOT in Worksheet:
For 2008, have your parents completed their IRS income tax return?
- My parents have already completed their return.
- My parents will file, but they have not
completed their return.
- My parents are NOT going to file (skip to Q89)
Type of income tax return (Q83-84)
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Parents’ Household 2008 Federal Benefits
Indicate if you, your parents, or anyone
in your parents’ household received
benefits in 2008 from any of the federal
programs listed.
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Parent Assets (Q91)
2,155
Report the current balance of your parents’
cash, savings, and checking accounts as of
the day you complete the FAFSA.
TIP: Report available cash (after the bills
are paid)
NOTE: Some financial aid offices may
request supporting documentation for the
answers to these questions.
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Parent Assets (Q92)
7,900
Net Worth means current value minus debt
Investments include:
• real estate (other than
parents’ home)
• trust funds
• UGMA and UTMA accounts
• money market and mutual
funds
• certificates of deposit
• stocks and stock options
• bonds and other securities
• Coverdell IRAs
• 529 plans
• installment and land sale
•
contracts
commodities, etc.
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Section 5 – School Information
001170
001328
023456
034567
• List up to 10 colleges
- that you have applied and/or are planning to apply
• List at least one California College 1st, 2nd or 3rd, for
Cal Grant consideration
• List those schools with the earliest financial aid deadlines,
regardless of whether they are in-state or out-of-state
• Find school codes at: www.fafsa.ed.gov
• List a community college for summer 2009!
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What Happens Next?
Students and the colleges the student listed receive
Student Aid Report (SAR) from federal processor

Students who complete FAFSA and Cal Grant GPA
Verification Form receive California Aid Report (CAR)

Students and families review SAR and CAR for
important information and accuracy of data

Colleges match admission records with financial aid
applications and determine aid eligibility

Colleges mail notices of financial aid eligibility to
admitted students who have completed all required
financial aid forms
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Summary of the
Financial Aid Process
Submit all required forms, including the
FAFSA, by each college’s published
deadlines (but no later than March 2)
By March 2, submit a Cal Grant GPA
Verification Form (or Release Form)
Keep a copy of all forms submitted
Review the Student Aid Report (SAR) and
California Aid Report (CAR) for accuracy
Watch for financial aid award notifications
from colleges to which the student has been admitted
Be sure to apply for financial aid this year and every
year as soon as possible after January 1 to receive
the best financial aid award possible
ASK QUESTIONS!
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Questions and
Answers
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