Financial aid workshop presentation 2016

1. Financial Aid
Workshop
2016-2017
Award Year

2. Financial Aid Formula
Cost of Attendance
-- Expected Family
Contribution
(EFC)
________________________
= FN =, or not =, FA
Please visit: www.collegeboard.com/pay

3. Definition of Financial Need
Cost of Attending
College (COA)
College tuition, fees,
books, housing,
meals, transportation
and other related
costs associated with
attending school.
Expected Family
Contribution (EFC)
The amount of money
the government
believes you and your
family can reasonably
contribute toward your
education.
Your EFC determines
the types and amounts
of Federal and State
aid you are eligible for.
Financial Need –
Types of Aid
 Scholarships
 Grants
 Loans
 Work Study
$25,000 (total cost for
living on campus)
$5,000 remains the
same at all colleges
$20,000 (aid packages
can vary by college)
Financial Need = Cost of Attending School minus
Expected Family Contribution

4. Comparing College Costs
UC
$13,200
CSU
$7,077
Independent
$10,000 +
Community
College
$46 per unit
$552 for
12 units
Yearly Tuition Costs
Additional Costs of Attendance include:
College fees: $1000 (student fees, parking,
etc. )
Books: $2000 (both semesters)
Room and Board: $12,000 – $15, 500 per
year
Personal Expenses: $3000

5. Cost of Attendance
- Financial Aid
_______________________
= PLUS eligibility 6.84%
PLUS
Loans

6. Financial Aid Packages
www.fafsa.gov
Grants Work Study Loans Scholarships
“Gift Aid” usually
based on
financial need
Jobs to help pay
for school
Money on loan
which must be
repaid with
interest after
school
attendance is
stopped
Free Money
based on
specific criteria
 Pell Grant
 Chafee
Grant
 Board of
Governors
(BOG)
 Cal Grant
 Employment
at the
Campus
 Not
necessarily
need based.
 Subsidized
 Unsubsidize
d
 On Campus
 Off Campus

7. “Raising all of
them was hard
enough, but
when she heard
that she had to
fill out financial
aid forms for all
of them. . .”

8. Start the 2016-2017 FAFSA
 Schools to receive information
◦ Federal School Codes - List up to 10 schools to receive
your information. Write school code (codes can be
obtained from the www.fafsa.gov website or see your
school counselor).
List most expensive
school first.
List a California
school in the first
three
For each, indicate
the appropriate
housing plan.
1. On Campus
2. With parents
3. Off Campus
1st College
Federal School
Code
Housing Plan
 on campus
 with parent
 off campus

9. Completing the FAFSA
Student Information – Section 1

10. Student Dependency –
Section 2
1993

11. Parent Information
Section 3

12. Parent Information
Section 3

13. Parent Information – Section
3

14. Supplemental Information
 PARENT DEMOGRAPHIC INFORMATION
 Parent’s Marital Status: Parent’s Email Address:
 When did your parents get married, separated or divorced?
 Have your parents lived in California for the past 5 years? Yes or
NO
 Your Parent’s number of family members in household 2016-2017:
 How many people in your parents’ household will be college
students between July 1, 2016 and June 30, 2017?

15. Key FAFSA Dates
December 31st -- Income
Signing -- Assets

16. 2016-2017 Award Year
www.fafsa.gov

17. Special Circumstances
 Medical/Dental
 Elementary/Secondary Tuition –
private schools
 Disasters/Crisis (loss of
employment, loss of home,
divorce, etc.)

18. Undocumented Students –
Rights and Responsibilities (AB
540) Undocumented students:
 Cannot be denied admission based on immigration status
 Are not required to show an ID or Social Security card for
admission
 Are not required to show proof of legal US Residency for
admission if attended US High School for past 3 years and
graduate from US High School
 Special Application is required at UC, CSU and Community
Colleges – contact the Admissions Office at these colleges and
request the AB 540 Application
 Students will receive in-state tuition
 Students do not qualify for financial aid; the
family must provide for the cost of attendance

19. AB131 – Dream Act
 Allows student who meet AB 540
criteria to receive Cal Grants
 For Cal Grant “Entitlement” candidates
only
◦ GPA of 3.0 for Cal Grant A (unweighted)
◦ GPA of 2.0 for Cal Grant B (unweighted)
◦ Online application will be opened January
2015 to gather FAFSA-like information
◦ Apply on line at dream.ca.gov

20. Middle Class Scholarship
 California – UC and CSU – FAFSA
Application
- under $100,000 – up to 40%
- $100,001 - $150,000 – at least
10%
- no set amounts – being phased in
over 4 years
- how many apply, stage budget
amount
 Other colleges – check with each

21. Paperwork
 Admissions
 Scholarships
 Financial Aid
 Housing
 Special Program
Deadlines vary

22. Certificate of Mailing
U.S. Postal Service CERTIFICATE OF MAILING
MAY BE USED FOR DOMESTIC AND INTERNATIONAL MAIL. DOES NOT
PROVIDE FOR INSURANCE – POSTMASTER
________________________________________________________________
Received From:
__________________________________________________________________
_______
One piece of ordinary mail addressed to:
Affix fee here in
stamps or meter
postage and
postmark. Inquire of
Postmaster for
current fee.

23. Next steps
 Enter the information from this
worksheet
www.fafsa.gov
No later than March 2, but at your earliest possible
time. Cal Grant awards are given at intervals within the
time period of January 1 through March 2.
 CAL Grant GPA
The Sweetwater Union High School District will
automatically send your Cal -Grant GPA to the
California Student Aid Commission.

24. Next Steps
 Independent /Private Colleges
If you are applying to independent/private
colleges, inquire if you will need to complete
the following forms
- CSS Financial Aid Profile
- Institutional Financial Aid form
 Scholarship Applications
 Other Applications
Register and apply at www.collegeboard.com (worksheet,
and on-line help available).

25. Application Flow Chart
Student
FAFSA
Federal Central
Processing System
ESAR
Roster SAR
College
AID PACKAGE
Disbursement System
SAR
Student

26. Scholarships – A kind of “gift aid” that recognizes talent in
academics, music, drama, athletics, leadership, service, etc.
May or may not be based on financial aid.
Scholarship Portfolio
Transcript
Resume
2 letters of
recommendation
Personal Statement/
Essay Responses
• Shake the Family
Tree
• Employers
• Organizations
• Religious Groups
• Local Sources
• Community Service
Groups
• Cultural Clubs
• Relatives
fastweb.com
collegeanswer.com
AVOID SCAMS – “Guarantees”,
“Secrets”, Trusted Advisors – they
charge for what you can do for
free!

27. Keep in mind
•Final Decision – each college
•Write a letter to EACH Financial Aid Office
•Student’s name and ID on everything
•Keep a copy of everything
•Keep in touch with each office at college – Financial
Aid, Admissions, Housing, Others
•Deadlines
•Re-apply each year

28. Changes for 2017-2018
Application cycle begins October 1, 2016 (rather than
January 1, 2017
Income data based on “prior-prior year” from 2017-2018,
use 2015 tax data
This is in early stages of development ………Keep in
touch with FAO for updates

29. Cash for College Workshops
 Please come and get FREE individual assistance with the following:
• $ Free Application for Federal Student Aid (FAFSA)
• $1,000 Scholarship Opportunity!
Free
Support to submit FAFSA on-line
February 6,
2016
9:00 – 12 noon
Montgomery
High
3250 Palm Ave
San Diego, CA
92154
February 20, 2016
9:00 – 12 noon
Chula Vista High
820 Fourth Ave
Chula Vista, CA
91910
February 27, 2016
9:00 – 12 noon
Eastlake High
1120 Eastlake Pkwy
Chula Vista, CA
91915

30. Thinking ahead – Class of
2017
San Diego National College Fair
2016
Tuesday, April 20, 2016
9:00 a.m. to 12 noon
6:00 p.m. to 8:30 p.m.
San Diego Convention Center

31. QUESTIONS…
Thank you for attending