Financial Aid WorkshopClass2014

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) 2013 W-2 Forms and other records of money earned

Student’s (and spouse's if married) 2013 Federal Income Tax Return –(IRS Form 1040, 1040A, 1040EZ)

Parents' 2013 Federal Income Tax Return (if dependent student) 2013 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 2014 Then Fall 2014 2013 – 2014 2013 – 2014 FAFSA FAFSA

2014 – 2015 2014 – 2015 FAFSAFAFSA

20122012

20132013

Beginning Fall 2014Beginning Fall 2014 2014 – 2015 2014 – 2015 FAFSAFAFSA

20132013It 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