Education Beyond High School Financial Aid Presentation Dover High School Cindy Mills, Assistant Director University of New Hampshire Financial Aid Office Cindy.mills@unh.edu 862-3600

Topics We Will Discuss Applying for Financial Aid Cost of Attendance What is Financial Need Types of Financial Aid Special Circumstances Review of FAFSA on the Web Application

Financial Aid Applications Collect family’s personal & financial information used to calculate Expected Family Contribution (EFC) Free Application for Federal Student Aid (FAFSA) CSS Profile Institutional Applications 8

Is There a Deadline? Yes, there is! Deadlines are critical- may not receive some types of aid if deadline is missed Dates will vary from school to school - use the earliest Different from Admission’s deadline

How Much Will College Cost? Cost of Attendance Tuition Fees Board Room Miscellaneous expense Will vary at each school Net Price Calculator

Determining Need Cost of education Need for Financial Aid minus Expected Family Contribution (EFC) equals Need for Financial Aid

FAFSA on the Web Web site: https://fafsa.gov 2019-20 FAFSA on the Web available on October 1, 2018 If you have multiple students attending college, you file a FAFSA for each one

FSA ID Used for FAFSA completion and allows access to certain U.S. Department of Education websites May be used by students and parents throughout financial aid process, including subsequent school years Apply at: https://fsaid.ed.gov/npas/index.htm

myStudentAid Mobile App Mobile ability to begin, complete, save, and submit the FAFSA

myStudentAid Mobile App Digital signature Confirmation of submission Estimated EFC calculation

IRS Data Retrieval Tool Allows for certain tax return information to be transferred from the IRS database Participation is voluntary and student chooses whether or not to transfer data to FOTW IRS will authenticate taxpayer’s identity If tax record is found, IRS transfers information to populate the FAFSA Reduces documents requested by financial aid office

FAFSA Review

File On Time! Submit FAFSA as soon after October 1 as possible Will allow for earlier financial aid package determination UNH Priority deadline is March 1st

FAFSA on the Web: Section 1 General student information: Citizenship Marital status Selective Service status Student Aid Eligibility Drug Convictions Parents’ Educational Background

FAFSA on the Web: Section 2 Student’s income and asset information

FAFSA on the Web: Section 3 Student’s dependency status If all “No” responses, student is dependent If “Yes” to any question, student is independent

FAFSA on the Web: Section 4 Data for parents of dependent students: Who is parent? Parents’ household size Parents’ number in college Parent income information

FAFSA on the Web : Section 4 Asset data for parents of dependent students: Cash, savings, and checking Net worth of investments Net worth of business and investment farms

FAFSA on the Web List of up to 10 schools to receive FAFSA data: Federal School Code for each school Housing plans for each school

FAFSA Processing Results CPS College Student

Email Notification of SAR Processing If valid email address is provided on FAFSA Provides access to electronic SAR at www.fafsa.gov

Special Circumstances Contact the Financial Aid Office directly to discuss any of the following: Unemployment/Loss of income Divorce or separation Unusual medical expenses Any financial change not reflected on the FAFSA

Types of Aid Self Help: Gift Aid: Loans: Direct Loan & Institutional Loans Work-Study Gift Aid: Grants Scholarships: Academic, Athletic, Special Talent

Financial Aid Award May contain all types of aid Will vary from school to school Carefully compare awards vs. total cost at each school Financial Aid awards often sent by e-mail to student

Filling the Gap: Additional Financing Options PLUS Loans (FAFSA required) Payment Plans Alternative Loans Outside Scholarships

Don’t Get Scammed Scholarship searches are FREE When filing FAFSA on the web, make sure you go to https//fafsa.gov FREE help is available to assist in completing forms Not sure?? Ask!! Never to late to save! By combining methods (tuition payment and loans) you can maximize your monthly available income and reduce overall loan/interest. ROTC for the military minds. They can cover tuition & fees, room & board, etc in exchange for service after graduation. APPLE program…if the major you want is not offered in state system in NH, can go to participating schools throughout NE for reduced cost. Must stay with that major. RA is typically sophomore year+ (free room and board) Go to a NH community college for 1-2 years then a seamless transfer to UNH, Plymouth, Keene, etc if maintain B average or better.