FAFSA Improvements and Initiatives

Slides:



Advertisements
Similar presentations
Net Price Calculator The Why and What. Dilemma Colleges thought they were dealing with a compliance issue, but what they are really dealing with is the.
Advertisements

Financial Aid Information Session. Agenda Application Process How is aid determined? What are the different types of financial aid? Billing Procedures.
Keeping it Simple: Impact of FAFSA Simplification on Federal and State Student Aid Eligibility SHEEO August 2011.
What You Need to Know about Financial Aid Financial aid is funds provided to students and families to help pay for postsecondary educational expenses.
Financing a University Education CSU-UC Joint Counselor Conference September DRAFT.
FAFSA Simplification - What Does That Mean and How Do We Get There? Carney McCullough Michele Brown Session 24.
GeneralInfoFAFSALoansWork-Study and more Grants
Central Oklahoma Guidance Network Financing College: Trends, Changes and Challenges.
National Association of Student Financial Aid Administrators Presents… © NASFAA 2006 Federal Methodology Module 6.
"To give away money is an easy matter... and in any man's power. But to decide to whom to give it, and how large and when, for what purpose.
Financial Aid Discussion December 13, Discussion Topics Forms and Deadlines Net Price Calculator IRS Data Retrieval Expected Family Contribution.
National Association of Student Financial Aid Administrators Presents … © 2014 NASFAA Financial Aid Basics.
Copyright © Edvisors Network, Inc. ( FAFSA Simplification Mark Kantrowitz Publisher of Edvisors.com.
Gloria T. Green Director, Financial Aid Services May 2010 FAFSA SIMPLIFICATION Easy As 1, 2, 3.
Making College Possible:
Verification Presented by Juliann Murphy Director of Financial Aid West Shore Community Colleg e.
Should you move to Institutional Methodology (IM) ?...A few things to consider! Bonnie Lee Behm Director of Financial Assistance Villanova University October,
State Student Assistance Commission of Indiana (SSACI) 2009 Spring Meeting Indiana Student Financial Aid Association April 28 IUPUI Campus Center.
Financial Aid Presentation. FSA ID Sign FAFSA electronically Only the owner should create a FSA ID Cannot use the same e- mail address.
Verification Nebraska Association of Student Financial Aid administrators.
National Association of Student Financial Aid Administrators Presents … © 2013 NASFAA Verification Module 4.
FINANCIAL AID 101 …WHERE COLLEGE DREAMS BECOME A REALITY.
Putting Financial Aid for College in Closer Reach Kim Cook, Executive Director National College Access Network.
VERIFICATION 2015 TASFAA ABC Workshop. Understand Verification Flag Tracking Groups and Documentation Requirements Easily Identify Verification Data Elements.
Verification New Aid Officer’s Workshop 2016.
National Association of Student Financial Aid Administrators Presents … © 2015 NASFAA Verification Module 4.
College Funding Myths and Facts. Families need to hire a college planning or financial aid planning consultant in order to find out how much aid a college.
Prior-Prior Year: Financial Aid Changes You Need to Know  Erick Danielson, Iowa College Access Network.
College Search 101. Purpose Why attend college? Advice for the admissions search process Timeline for admissions process Questions?
FAFSA Completion and IRS Data Retrieval. ● We’re a private, nonprofit organization with a mission to improve access to higher education in Nebraska ●
“2015 is the New 2016” Araceli Cruz Assistant Director of Financial Aid Lewis and Clark College.
Communications Update 2015 Highlights Aaron Wyatt & Emily Persky| Council Meeting| August 2015 Financial Aid: What’s New and What You Need to Know! Sarah.
FAFSA What Students and Families Need to Know.
Financial Aid Federal and State Updates Session
Prior-Prior Year/Early Submission FAFSA
Dustin MCdaniel – Director of Financial Aid Athens Technical College
Financial Aid Discussion
Financial Aid for Bursars
Paying for college Regional College Fair Financial Aid Session
Verification New Aid Officer’s Workshop 2017.
TASFAA 2017 Education Is Key
Topics to discuss What is financial aid? Cost of Attendance
Early FAFSA, Prior-Prior year, and Financial Aid Funding
VERIFICATION COMMENT CODE 399
Need Analysis: Federal and Institutional Methodology A NASFAA Authorized Event Presented by Nancy Ferguson Senior Assistant Director for Programs.
Linda K. Shirey Director of Financial Aid Hiram College
PPY & Professional Judgment
Verification ABC Workshop 2017.
CLASS OF 2016.
Early FAFSA & PPY: Are you Ready?
CHANGES TO THE FAFSA APPLICATION DATE PRIOR-PRIOR-YEAR.
Scholarships and Financial Aid
Prior-Prior Year: Now What Do We Do?
First-Year Financial Aid
Verification 2016 TASFAA ABC Workshop.
Prior Prior Year, Early FAFSA & PJs
NCHER Priorities for the 115th Congress
Prior Prior Year and the FAFSA
Our Mission at North Salem High School is . . .
Andrea Caputo Director of Financial Aid Hiram College
TASFAA 2018 Honoring the Past & Building the Future
Roundtable Discussion
FAFSA What Students and Families Need to Know
“Accessing College Through Comprehensive Early Outreach, State Partnerships, and Simplification Act”
PASFAA 2016 SPRING TRAINING:
EFC Calculation: When will I ever use this?
Financial Aid Process Amy Gooden Muskingum University.
Financial aid.
FAFSA Workshop Valerie Jensen
Financing a College Education
Presentation transcript:

FAFSA Improvements and Initiatives Moderator: Gail Mance-Rios, Rhode Island Division of Higher Education Assistance Speakers: Ron Gambill, Edsouth Karen Hauser, Vanderbilt University 2016 Knowledge Symposium November 7 – 9, Sheraton Downtown, Nashville, TN

FAFSA Improvements and Initiatives Purpose of FAFSA Simplification Recognition for students already determined to be needy Remove unnecessary questions that are not related to determination of need Simplify the process for parents and students 2016 Knowledge Symposium November 7 – 9, Sheraton Downtown, Nashville, TN

FAFSA Improvements and Initiatives Unexpected Implementation Issues Postsecondary institutions only receive student/parent data but not other institutions receiving the data. State Agency Data Modifications -School listings -School order listings -Impact for students, institutions, and state budgets 2016 Knowledge Symposium November 7 – 9, Sheraton Downtown, Nashville, TN

FAFSA Improvements and Initiatives Early FAFSA and Prior-Prior Year (PPY) in States Impact on student filers First-come, first-served states Will PPY cost more? 2016 Knowledge Symposium November 7 – 9, Sheraton Downtown, Nashville, TN

FAFSA Improvements and Initiatives National College Access Network Streamline Suggestions Those receiving support from means-tested benefit program. Families who file taxes but do not utilize schedules. Families who file taxes with tax schedules. 2016 Knowledge Symposium November 7 – 9, Sheraton Downtown, Nashville, TN

FAFSA Improvements and Initiatives NASFAA Simplification Suggestions Means-tested benefit: SNAP and SSI only Simple Form Tax Filers: No schedules Tax Filers with Schedules All asset questions Expand the DRT information that could be pulled in Disallow negative income 2016 Knowledge Symposium November 7 – 9, Sheraton Downtown, Nashville, TN

FAFSA Improvements and Initiatives Questions that May Need to be Asked Is income (AGI) a true indicator of need Negative income could mean you have income How do tax schedules convey wealth or need Is FAFSA simplification fair to all What about the middle 2016 Knowledge Symposium November 7 – 9, Sheraton Downtown, Nashville, TN

FAFSA Improvements and Initiatives Questions that May Need to be Asked Can DRT be mandated Who helps the student with verification when the parent cannot If the FAFSA process is complicated, does the advising/enrolling/billing process need simplifying 2016 Knowledge Symposium November 7 – 9, Sheraton Downtown, Nashville, TN

FAFSA Improvements and Initiatives Benefits of PPY Prospective students would receive awards earlier More time to make tuition payment arrangements More time to make enrollment decisions 2016 Knowledge Symposium November 7 – 9, Sheraton Downtown, Nashville, TN

FAFSA Improvements and Initiatives Challenges of PPY Institutional timelines FAFSA completion initiatives Increase in students with need may mean additional support programing needed on campuses. 2016 Knowledge Symposium November 7 – 9, Sheraton Downtown, Nashville, TN

The Only Constant in Financial Aid is Change! Questions? Ron Gambill Edsouth rgambill@edsouth.org Karen Hauser Vanderbilt University Associate Director of Student Financial Aid and Scholarships K.Hauser@Vanderbilt.edu 2016 Knowledge Symposium November 7 – 9, Sheraton Downtown, Nashville, TN