FAFSA– FSA ID WHAT IT’S ALL ABOUT Katie Cooper Director of Financial Aid

Agenda FSA ID FAFSA Basics Changes Dependency Parents IRS DRT What Happens Next. Types of Aid Myths Quick Tips – Hints – Odds and Ends

FSA ID FSA ID replaced the PIN in May 2015 Last Year Filers New Filers “Please accept my FSA ID as my signature on this online form.” Studentaid.gov/fsaid SSN Full Name Date of Birth Address

FSA ID Student and Parent Separate s Uses Sign and Submit FAFSA Review Aid you have received Sign Loan Documents and Repayment Plans

FSA ID Top Tips Never share your ID Create your own Keep it safe and somewhere you know Phone FSA can link to your past PIN

FAFSA Basics Free Application for Federal Student Aid FREE! fafsa.gov Application Federal aid State aid Some Institutional aid

FAFSA Changes Available Now! October 1 No Longer waiting for January! Prior Prior Year 2015 Taxes Plan to Attend CollegeSubmit FAFSAAvailable to CompleteIncome/Tax Info July 1, 2016-June 30, January 1, 2016-June 30, July 1, 2017-June 30, October 1, 2016-June 30, July 1, 2018-June 20, October 1, 2017-June 30,

FAFSA - Dependency Born before January 1, As of today, are you married? Master’s or Doctorate Degree. On Active Duty. Veteran. Have or will have children. Other Dependents At any time since you turned 13, both parents deceased, in foster care, or ward of the court. Emancipated minor Unaccompanied youth who was homeless or self-supporting and at risk of being homeless.

FAFSA - Parents

FAFSA – IRS Data Retrieval Tool Import Tax information from the IRS site Parent Student Don’t make changes once transferred! Saves you time and effort… No finding Taxes No mistakes in entry Documentation to FA Offices

What Happens Next Confirmation Page Student Aid Report – SAR Review ISIR – Institution Expected Family Contribution Not a Dollar Figure – Rather a Number to Award Package

Types of Aid Scholarships Academic Talent-Based Athletic Need Based Grants Federal State Institutional Loans Federal Parent Alternative Institutional Student Employment Federal Institutional

Myths “My Parents make too much to qualify.” “Only student with good grades get financial aid.” “My ethnicity or age makes me ineligible for federal aid.” “I support myself, so I don’t have to include my parent information.”

Quick Tips – Hints – Odds and Ends Sign up for an FSA ID Do a FAFSA! Special Circumstances Frequent Errors Cfwv.com Know Deadlines! Scholarship Resources Net Price Calculators

QUESTIONS? COMMENTS. HELPFUL TIPS! Katie Cooper Director of Financial Aid West Liberty University