Financial Aid Overview Office of Student Financial Assistance 1

What is financial aid?  Monies received from federal, state, institutional or private resources  Monies are categorized as:  Gift aid  Self help  Need-based  Merit-based  Can cover direct or indirect costs 2015/2016 2

College costs  Public 2-year college (tuition and fees, in-state) - $3,347  Public 4-year college (tuition and fees, in-state) - $9,139  Public 4-year college (tuition and fees, out of state) - $22,958  Private 4-year college (tuition and fees) - $31, / Source: bigfuture by The College Boardbigfuture

FAFSA  Largest source of student aid; distributed and processed by the U.S. Department of Education  Manual or electronic options  Opens January 1 of each year  Must be completed ANNUALLY  IRS Data Retrieval Tool opens in early February 2015/

FAFSA 2015/ Help

Gather Important Data  Social Security Number  Driver’s License Number (if any)  2015 W-2 Forms and other records of money earned  Student: 2015 Federal Income Tax Return  Parent: 2015 Federal Income Tax Return (if you are a dependent student)  2015 untaxed income records  Current bank statements  Your current business and investment mortgage information, business and farm records, stock, bond and other investment records  Alien registration or permanent resident card (if you are not a U.S. citizen 2015/2016 6

Getting started  Monitor priority deadlines  State and institutional deadlines vary  Confirm FAFSA dependency versus independency requirements  Dependent students are required to include parental information  Divorce  Federal Work-study  Search for school codes  Plan to sign and submit online using the FSA ID and FSA Password /2016 7

Student aid report  Received via within 3-5 days if you provided an address  Received via mail within 7-10 days if you did not provide an address  Correct errors, if needed  Will contain an expected family contribution (EFC)  Assists institutions in the financial aid award packaging process 2015/ Cost of attendance less expected family contribution = financial need

Additional info  Contact institution to determine award process  Contact institution for special circumstances or professional judgment needs  Contact institution to determine what other types of aid applications are available  Use student loans as a LAST RESORT  Make a friend in Financial Aid & Admissions 2015/2016 9

FFAA  The Florida Financial Aid Application opens December 1 of the senior year  Apply early - must be completed prior to HS graduation date  One application is used for multiple programs, not just the Florida Bright Futures Scholarship Program  Must log-in to check status, online notifications and award history 2015/

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Bright Futures Test Score Requirements 2015/  Community service hours are required for ALL Bright Futures scholarships  FAS – 100 hours  FMS – 75 hours Graduation Year Year of Initial Eligibility FAS SAT ACT FMS SAT ACT

Bright Futures Award Amounts 2015/

15/16 award amounts  ABLE $1,500 annually  BF (FAS) $52 to $103 per CH  BF (FMS) $39 to $77 per CH  BF (GSV)$39 to $48 per CH  CSDDV tuition and registration fees publicannually flat rate (private)  FGMG determined by needannually  FFMT up to $4,000annually  FIS COA less BF/NMS awardsannually  FRAG $3,000annually  FSAG $2,610 max to $200 minannually  FWEP determined by needannually  JM$2,000annually  MMB $3,000annually  RFS tuition & fees up to $6,100annually 2015/

FloridaShines.org  FloridaShines.org is Florida's official online student advising system that can assist high school students, college students, parents, and even counselors to help plan and track educational progress in Florida  Bright Futures Scholarship Eligibility Evaluation 2015/

FloridaShines.org 2015/

Fastweb  1.5 million scholarships worth more than 3 billion dollars  Targeted search  Other resources  College search  Career planning  And more! 2015/

Other   High School or School District  Protect yourself from scams  Report to /

Contact Us   Telephone:  OSFA Outreach Team   Stephanie Rosh   /