Financial Aid Workshop Financial Aid 101. Sources of Financial Aid.
Financial Aid Workshop Class2013
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Transcript of Financial Aid Workshop Class2013
Financial Aid WorkshopClass2013
Financial Aid 101
Sources of Financial Aid
F ed era l F in an cia l A id S ta te F ina n cia l A id In sti tu t ion a l F in an cia l A id
F ina nc ia l A id P rog ram s
Florida State Financial Aid
Application available in December of senior year at www.floridastudentfinancialaid.org
Students must apply to be considered for:– Bright Futures Scholarship– Florida Student Assistant Grant– Florida Work Experience Program– Jose Marti Scholarship
CSS Profile
The PROFILE is used to help award nonfederal student aid funds from certain colleges and universities
The CSS/Financial Aid PROFILE is only available online starting October of senior year at: https://profileonline.collegeboard.com
There is a fee to apply and only a limited number of fee waivers are granted based on the financial information provided on the PROFILE
How to Apply for Federal Aid
Complete an electronic Free Application for Federal Student Aid (FAFSA) on or after January 1st (Contact college/university for exact deadline dates)
FAFSA on the Web at: www.fafsa.gov
Financial Aid Includes:
Grants: Gift, doesn’t have to be repaid
Loans: Must be repaid with interest
Work-study: Earn money while in school
Get a PIN (Personal Identification Number)
Your PIN is your electronic signature
Request PIN – one PIN for the student– one PIN for the parent
www.pin.ed.gov
Use PIN to file and make online corrections
Documents Needed
Social Security Number Driver's license (if any) 2012 W-2 Forms and other records of money earned
Student’s (and spouse's if married) 2012 Federal Income Tax Return –(IRS Form 1040, 1040A, 1040EZ)
Parents' 2012 Federal Income Tax Return (if dependent student) 2012 untaxed income records - Social Security, Temporary Assistance to Needy
Families, welfare, or veterans benefits records Most recent bank statements Most recent business and investment mortgage information, business and farm
records, stock, bond, and other investment records Alien registration number or permanent residence card (if you are not a U.S. citizen) . Keep these records! You may need them again. Do not mail your records with
your signature page.
Which FAFSA form do I file?
Attending CollegeAttending College Use FAFSA FormUse FAFSA FormUse IRS Use IRS Income Tax Income Tax FromFrom
Beginning Summer 2013Beginning Summer 2013
Then Fall 2013 Then Fall 2013 2012 – 2013 2012 – 2013 FAFSA FAFSA
2013 – 2014 2013 – 2014 FAFSAFAFSA
20112011
20122012
Beginning Fall 2013Beginning Fall 2013 2013 – 2014 2013 – 2014 FAFSAFAFSA
20122012It is important to note the type of deadline you are up against. Ask your college/university about their definition of an application deadline, whether it is the receipt date and time or the process date and time of the application.
How does it all work?
Sample of an Award Letter for Student with EFC:000
Fl Academic (BF) $3,030
Pell Grant $5,550
Stafford Loan $3,500
Work Study $2,000
Other Sch. $1,000
$15,030
Estimated Cost -FSU $19,354
Short ----------- $4,324
Things to Remember….
Apply for the State Financial Aid after December 1st at www.floridastudentfinancialaid.org
Apply for the CSS Profile (if required) as soon as possible before deadline set by school (registration opens in October) at www.collegeboard.com
Request PIN number as soon as possible for FAFSA at www.pin.ed.gov
Apply for FAFSA after January 1st at www.FAFSA.ed.gov (Contact schools for exact deadline dates)
IMPORTANT
When you complete your FAFSA, please print out the confirmation page and bring it to Mrs. Mendoza, CAP Advisor in room 1107 with your name and ID number on the top of the page