How To Get The Best Financial Aid Award Simple Steps To Help Guide You In The Process.

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Presentation transcript:

How To Get The Best Financial Aid Award Simple Steps To Help Guide You In The Process

e.com First Step FAFSA.ED.GOV Apply For PIN Number Apply For PIN Number Enter Personal Information Enter Personal Information Submit Your PIN Application Submit Your PIN Application Receive Your PIN Receive Your PIN

e.com Second Step START HERE Enter Your Basic Information Enter Your Basic Information Create A Password That Is Easy To Remember Between 5-12 Characters Create A Password That Is Easy To Remember Between 5-12 Characters The First Section Is The Students Information The First Section Is The Students Information Be Sure You Input Information For Parents In The Proper Section Be Sure You Input Information For Parents In The Proper Section

e.com Third Step List Up To 10 Colleges Be Sure To Put California Colleges First – Then Include Out Of State Be Sure To Put California Colleges First – Then Include Out Of State Unless Out Of State College Requires Their School To Be In Top 6 Unless Out Of State College Requires Their School To Be In Top 6 Click On-Campus Click On-Campus

e.com Fourth Step Adjusted Gross Income Is Line 37 From Tax Form 1040 Wages: Include The Wages For Father And Mother (W2 Or 1099) Wages: Include The Wages For Father And Mother (W2 Or 1099) If Divorced, Only Include Parent The Child Is With 51% Of The Time If Divorced, Only Include Parent The Child Is With 51% Of The Time

e.com Fifth Step The Question About Assets: Do Not Include Your Primary Residence Do Not Include Your Primary Residence Asset Allowance Must Be Honest Asset Allowance Must Be Honest Exemptions Will Be What Is Listed On Your Tax Form Exemptions Will Be What Is Listed On Your Tax Form If More People Live In Your Home Than What You Indicate On Tax Form, Include The Total Number If More People Live In Your Home Than What You Indicate On Tax Form, Include The Total Number

e.com Sixth Step Indicate Whether Or Not The Student Will File Taxes Did They Have Any Reportable Income And How Much Did They Have Any Reportable Income And How Much Do They Have Any Investments In Their Name Do They Have Any Investments In Their Name

e.com Seventh Step Elect To Sign The Form Electronically With Your Pin Agree To The Terms And Enter Your 4 Digit PIN Number For The Student Agree To The Terms And Enter Your 4 Digit PIN Number For The Student Agree To The Terms And Enter Your 4 Digit PIN Number For The Parent (Only One Parent) Agree To The Terms And Enter Your 4 Digit PIN Number For The Parent (Only One Parent) Click Submit. Print Out Your Confirmation Click Submit. Print Out Your Confirmation

e.com What's Next? If Your Have More Than 10 Colleges You Will Need To Add The Rest. Wait 72 Hours After You Submit The Form. Log Back In To The Form And Replace Schools With The Remaining Colleges Wait 72 Hours After You Submit The Form. Log Back In To The Form And Replace Schools With The Remaining Colleges Be Sure You Have This Done Prior To March 2, 2012 For Cal Grant Eligibility Be Sure You Have This Done Prior To March 2, 2012 For Cal Grant Eligibility

e.com Now What? The FAFSA Is Now With The Dept. Of Ed. It Will Be Sent To Each College Your Entered. The College Will Determine Your Eligibility For Financial Aid It Will Be Sent To Each College Your Entered. The College Will Determine Your Eligibility For Financial Aid You Will Be Notified By April How Much Financial Aid You Have Been Awarded You Will Be Notified By April How Much Financial Aid You Have Been Awarded Mistakes Are Common And The Colleges Do Not Notify You If This Happens (91%) Mistakes Are Common And The Colleges Do Not Notify You If This Happens (91%)

e.com What You Should Expect Cal Grant A & B Entitlement Or Competitive Must Have Over a 3.0 GPA And Qualify Financially Must Have Over a 3.0 GPA And Qualify Financially If Student Will Be Attending A Community College The Grant Will Be Placed On Reserve For 3 Years Or Until Transfer If Student Will Be Attending A Community College The Grant Will Be Placed On Reserve For 3 Years Or Until Transfer

e.com What You Should Expect Cal Grant A Pays $12,192 At UC $5,472 At Cal State $5,472 At Cal State $9,708 At Non-Public $9,708 At Non-Public Can't Take Out Of State Can't Take Out Of State Stafford Loans (Sub & Unsub) Stafford Loans (Sub & Unsub) Parent PLUS Loans Parent PLUS Loans Perkins Loans & Work Study Programs Perkins Loans & Work Study Programs

e.com Be Sure To Do The Following Send In Cal Grant GPA Verification Fill Out And Give To Your Counselor Fill Out And Give To Your Counselor Know What You Should Be Awarded Because Some Colleges Miss-Award Know What You Should Be Awarded Because Some Colleges Miss-Award You Do Not Need To Commit To A College Until Your Receive All Awards From Each School. Determine Who Has The Best Offer You Do Not Need To Commit To A College Until Your Receive All Awards From Each School. Determine Who Has The Best Offer

e.com National Commit Day May 1 st You Will Indicate To The College That You Want To Attend

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