1 Welcome to Alaska College Goal Sunday 2009 Brought to you by the Coalition of Alaskans Supporting...

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Welcome to AlaskaCollege Goal Sunday

2009

Brought to you by the Coalition of Alaskans Supporting Higher Education

Updated 1/6/2009 Andrea Van Ravenswaay, ACPE

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2009 Sponsors2009 Sponsors

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Understanding the FAFSA

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The FAFSAThe FAFSA

Evaluates a family’s eligibility for federal student aid programs

Bases financial capacity on prior year Students must re-apply each year

Assets may change from year to year

www.fafsa.ed.gov

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FAFSA GoalsFAFSA Goals

Determines Expected Family Contribution (EFC) A measure of your family’s financial strength Used to determine your eligibility for federal student aid during one

school year

Everyone should file a FAFSA No income cutoff Required for federal and state aid Often required for campus-based aid

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TimelinesTimelines

After January 1 of senior year State deadline: April 15 (received) Some colleges have early deadlines

Check deadlines on college websites Don’t wait until after admission to the school

Best to file by mid-February

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File your FAFSA onlineFile your FAFSA online

Quick Easy Accurate Safe

www.fafsa.ed.gov

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PIN Registration WebsitePIN Registration Website Electronic signature

Apply for federal student aid Renew FAFSA Make corrections online

Access your federal student aid records

Student needs a PIN Parent(s) need a PIN

www.pin.ed.gov

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Completing the 2009-2010 Completing the 2009-2010 FAFSA on the Web WorksheetFAFSA on the Web Worksheet

A line by line discussion Traditional student

emphasis (straight out of high school)

Anyone can file a FAFSA Traditional students Non-traditional students Older returning students Graduate school students

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Section 1

Student information

Page 2 of FAFSA on the Web Worksheet

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Student’s last name, SS#, & Student’s last name, SS#, & driver’s license numberdriver’s license number

List student’s last name and social security number exactly as they appear on SS card Both will be compared through a database match No nicknames!

List driver’s license number of student Leave blank if you don’t have one


Smith

5 7 4 1 1 1 1 1 1

1 2 3 4 5 6 7

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CitizenshipCitizenship Are you a U.S. Citizen? Eligible noncitizen?

A permanent US resident with a Permanent Resident Card (I-551) A conditional permanent resident (I-551C) The holder of an Arrival-Departure Record (I-94) from the Department of Homeland Security showing any of

the following designations: “Refugee,” “Asylum Granted,” “Parolee” (I-94 confirms paroled for a minimum of one year and status has not expired), “Victim of human trafficking,” T-Visa holder (T-1, T-2, T-3, etc.) or

“Cuban-Haitian Entrant.” Neither citizen nor eligible non citizen?

Submit the FAFSA anyway because you may be eligible for state or campus based aid


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Alien Registration NumberAlien Registration Number

If you are an eligible non-citizen, enter your 8 or 9 digit ARN Precede an 8 digit ARN with a zero Copy of permanent registration card might be requested by the

financial aid office

U.S. Citizens should leave this blank


0 1 2 3 4 5 6 7 8

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Marital status (of student)Marital status (of student)

Enter your marital status as of today (the day you submit your FAFSA)

Enter the month/year you were married, separated, divorced, or widowed


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Legal residenceLegal residence

Enter your state of legal residence Enter the date you became a legal resident of your

state if it was not before January 1, 2004


AK

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Selective ServiceSelective Service

If you are male between age 18-25 and are NOT registered, select “Register Me”

If you are male under 18, leave blank. If you are female, leave blank.


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Federal student aid & drug Federal student aid & drug conviction questionsconviction questions Have you ever received federal student aid? If “no” skip Q23. Have you ever been convicted for the possession or sale of illegal

drugs for an offense that occurred while you were receiving federal student aid? Don’t count convictions that have been removed from your record Don’t count convictions that occurred before you were 18 (unless you were

tried as an adult)


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Parent’s educationParent’s education

Indicate the highest level of school your father and mother completed Some states and colleges offer aid based upon the level of schooling

your parents have completed.

Use birth parents or adoptive parents Not foster parents or step-parents


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Degree or certificateDegree or certificate

When you begin the 2009-2010 school year, what degree or certificate will you be working on?

Indicate your most immediate degree objective


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Enrollment statusEnrollment status

When you begin the 2009-2010 school year, what do you expect your enrollment status to be?

Most traditional students will answer “full time” If in doubt, answer “full time”


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Work-study and student Work-study and student loans?loans?

For a complete financial aid offering, answer “both work-study and student loans”


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Section 2

Student dependency status


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Determining dependencyDetermining dependency


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Emancipated minors & legal Emancipated minors & legal guardianshipguardianship

Are you or were you and emancipated minor as determined by a court in your state of legal residence?

Are you or were you in legal guardianship as determined by a court in your state of legal residence?


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Homeless youth questionsHomeless youth questions Homeless means lacking fixed, regular and adequate housing

Includes living in shelters, motels or cars, or temporarily living with other people because you had nowhere else to go.

Unaccompanied youth means you are not living in the physical custody of your parent or guardian

Youth means 21 or younger, or you are still enrolled in high school as of the day you sign this application


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Dependent or independent Dependent or independent student?student?

Yes to any question = independent student You do not have to provide parent information in section 3 Skip to section 4

No to all questions = dependent student You must report parent information in section 3


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Section 3

Parental information


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Parents Parents Who is a parent?

Biological parents Adoptive parents Step-parents

Who is not a parent? Grandparents Foster parents Legal guardians Older brothers or sisters Aunts or uncles


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Single, widowed, or divorced Single, widowed, or divorced parentsparents

Widowed or single (never married) parent? Answer questions about that parent only

Widowed and remarried? Answer about parent and step-parent

Divorced? Answer about the parent you lived with more (plus any step-parent you live with)


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Parents’ marital status & emailParents’ marital status & email

Indicate the marital status of your parents Include the month and year your parents were

married, separated, divorced, or widowed Example 05/1980

Enter your parents’ email address List only parents whose information you are reporting


[email protected]

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Parent identifying informationParent identifying information

Enter your father’s (or step-father’s) social security number, last name, and date of birth

Enter your mother’s (or step-mother’s) social security number, last name, and date of birth

If no SS# available, enter all zeroes Only list info on parents reporting on FAFSA


5 7 4 4 4 4 4 4 4

Smith

5 7 4 4 4 4 4 4 4

Smith

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Parents’ state of residenceParents’ state of residence

List your parents’ state of legal residence Enter the date of legal residency for the parent who

has lived in the state longest, if it was after January 1, 2004


AK

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Parents’ 2008 tax returnParents’ 2008 tax return Indicate what type of income tax return your parents filed or will file in 2008 Indicate if they were eligible to file a 1040A or 1040 EZ

A person is not eligible to file a 1040A or 1040EZ if he or she: Makes more than $100,000 Itemizes deductions Receives income from his or her own business or farm Is self employed Receives alimony Is required to file Schedule D for capital gains

If you filed a 1040 only to claim Hope or Lifetime Learning tax credits, and would have otherwise been eligible for a 1040A or EZ, you should answer “YES”


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Parents’ federal household benefitsParents’ federal household benefits

In 2007 or 2008, did you, your parents, or anyone in your parents’ household received benefits from any of the federal benefit programs listed?

Mark all that apply


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Dislocated workerDislocated worker

As of today, is either of your parents a dislocated worker?


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Parents’ adjusted gross income for Parents’ adjusted gross income for 20082008

AGI for 2008 1040 line 37 1040A line 21 1040EZ line 4

It’s OK to estimate if you haven’t done your taxes yet Report whole dollars (no cents) If the answer is $0 or the question does not apply, enter “0”


40,000

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Parents’ earnings from workParents’ earnings from work

Enter how much each of your parents earned from working in 2008 (wages, salaries, tips) W2 forms IRS 1040 lines 7+12+18+Box 14 of Schedule K-1 (Form 1065) 1040A line 7 1040EZ line 1


19,000

18,000

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Parents’ income tax for 2008Parents’ income tax for 2008

Enter the amount of your parents’ income tax for 2008 IRS 1040 line 56 1040A line 35 1040 EZ line 11


1,100

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Parents’ exemptions for 2008Parents’ exemptions for 2008

Enter your parents’ exemptions for 2008 1040 line 6d 1040A line 6d


4

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Parent householdParent household

Your parents’ number of family members in 2009-2010 Yourself Your parents Your parents’ other dependent children,

if your parents provide more than half their support or the children could answer “no” to every question in Section 2, regardless of where they live

Other people, if they now live with your parents, and if your parents provide more than half their support, and will continue to provide that level of support from July 1, 2009 to June 30, 2010


4

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Household members attending Household members attending collegecollege

How many people in your parents’ household will be college students between July 1, 2009 and June 30, 2010? Always count yourself Never include your parents Include other household members only if they will attend college at

least half time in 2009-2010 in a program that leads to a college degree or certificate


1

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Parents’ 2008 additional financial Parents’ 2008 additional financial information & untaxed incomeinformation & untaxed income

Complete the left hand column on page 8 (Q94 and Q95)


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Parent asset informationParent asset information

Report the current balance in your parents’ cash, savings, and checking accounts as of the day you complete your FAFSA


2,700.00

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Net worth of parents’ investmentsNet worth of parents’ investments

Investments include… Real estate (other than family home) Trust funds UGMA and UTMA accounts Money market and mutual funds Certificates of deposit Stocks and stock options Bonds and other securities Coverdell savings accounts 529 college savings plans The refund value of 529 prepaid

tuition plans Installment and land sale contracts

(including mortgages held) Commodities, etc.

Don’t include… The value of life insurance Retirement plans

Pension funds Annuities Non-education IRAs Keogh plans, etc.

Cash, savings and checking accounts already reported earlier


0

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Net worth of parents’ business and/or Net worth of parents’ business and/or investment farmsinvestment farms

Include the market value of land, machinery, equipment, and inventory

Don’t include the home you live in, the value of life insurance and parent retirement plans (pension funds, annuities, non-education IRAs, Keogh plans, etc), or the value of a family owned and controlled small business with 100 or fewer full-time or full-time equivalent employees


0

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Section 4

Student finances


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Student tax return questionsStudent tax return questions


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Veterans’ education benefitsVeterans’ education benefits

Indicate which veterans’ education benefits you will receive in 2009-2010

For more information, contact the VA at

800-827-1000 www.va.gov


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Student household & number in Student household & number in collegecollege

List the number of family members in the student’s household

List the number of family members attending college in 2009-2010

Will not apply to traditional students


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Student household benefitsStudent household benefits

Indicate which benefits anyone in your household received in 2007 or 2008

Will not apply to traditional students


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Dislocated worker?Dislocated worker?

Indicate if you or your spouse is a dislocated worker Will not apply to traditional student


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Student income tax & exemptionsStudent income tax & exemptions

List your (and your spouse’s) income tax for 2008 Enter your (and your spouse’s) exemptions for 2008


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Student’s 2008 additional financial Student’s 2008 additional financial info & untaxed incomeinfo & untaxed income

Complete the right hand column on page 8 (Q46 and Q 47)


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Student assetsStudent assets

Enter student’s total cash, savings and checking account balance

Student’s investments Net worth of student’s business and/or investment farms

(not family farms)


3,245.00

0

0

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Section 5

Colleges to receive information


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Federal school codes & housing Federal school codes & housing plansplans

Enter federal school codes for up to 10 schools Enter your housing plan for each school


002573 001063 017377

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Congratulations!Congratulations! You’ve completed the FAFSA on the Web Worksheet Remember – do not mail the worksheet we completed today Go to www.fafsa.ed.gov and enter information with this

worksheet Save often! Use your PIN to sign and submit electronically

Or print out a signature page, sign it, and mail it

www.fafsa.ed.gov

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After filing

Student Aid Report

Other documentation

Award letters

Tips for Success

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Student Aid Report (SAR)Student Aid Report (SAR)

SAR sent to student within 3 weeks Review it for accuracy Report any changes SAR sent to schools listed on FAFSA

School will use EFC to determine your financial need

School sends award letter to student or requests additional info

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Finding your EFCFinding your EFC

Expected Family Contribution Located in upper right hand corner of SAR

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Other formsOther forms

Some schools require additional paperwork CSS Financial Aid PROFILE

www.collegeboard.com Campus scholarship application Ask what forms the college requires!

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Award lettersAward letters

Schools send their award letters to students Award letter shows the amount of financial aid you

will receive at their school Award might include…

Grants Scholarships Work-study Loans

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VerificationVerification

Save copies of documents you used to complete your FAFSA

Be prepared to provide additional information that confirms the data you reported on your FAFSA

Colleges verify 30% of all applicants

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For more informationFor more information

Contact the school you plan to attend Contact Federal Student Aid at:

800-4-FED-AID

800-433-3243

www.federalstudentaid.ed.gov

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Thank you for coming! Thank you for coming!

~ Please fill out a survey before you leave ~

1 Welcome to Alaska College Goal Sunday 2009 Brought to you by the Coalition of Alaskans Supporting...

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