2. What is Financial Aid? Scholarships Grants Loans
Employment opportunities 2

3. WHERE MONEY COMES FROM? Federal Funding State Funding
Institutional Funding

4. Types of Federal Aid Federal Pell Grant
Federal Supplemental Educational Opportunity Grant (FSEOG)
Federal Work Study (FWS)
National Science and Mathematics Access to Retain Talent Grant (SMART) 21

5. Types of Federal Aid continued…
Federal Loan Programs Available under:
Federal Direct Student Loan (Direct Loan) Program with funds provided directly by federal government via participating schools
Federal Perkins Loans
PLUS loans for Parents

6. Types of State Aid
Grants such as the Washington State Need Grant (SNG),TRIO, and GEARUP
Work programs including the State Work Study and Literacy Work Study programs
Scholarships such as the Washington Academic Vocational Excellence Scholarship (WAVE), Nurses Conditional Scholarship, and many more which are student specific.
For additional information on state aid programs visit

7. Types of Institutional Aid
Vary by college but generally include:
Institutional Grant Programs funded by tuition dollars
Tuition Waivers
Work Study Programs
Loan Programs
Foundation Partnerships for Scholarship funding
Targeted grant programs funded by students for students i.e. Daycare Grants

8. – Expected family contribution (EFC) = Financial need
WHO IS ELIGIBLE?
Cost of attendance (COA)
– Expected family contribution (EFC)
= Financial need 4

9. Cost of Attendance Tuition & fees Room & board
Books, supplies, transportation, & miscellaneous personal expenses, including documented costs for personal computer
Loan fees
Study abroad costs
Dependent care expenses
Disability-related expenses
Cooperative education program costs 6

10. What is the Expected Family Contribution (EFC)
Calculated using data from a federal application form and a federal formula
Federal Methodology is the formula created by Congress to determine the expected family contribution (EFC).
Reasonably be expected to contribute, but not what the family will pay to the college
EFC the same regardless of what college the student attends
Two components:
Parent contribution
Student contribution

11. Need Varies Based on Cost5

12. General Student Eligibility Criteria
Must be enrolled or accepted for enrollment in an eligible program of study
Must be pursuing an approved degree, certificate, or other recognized credential
Must be U.S. citizen or eligible noncitizen
Must be registered with Selective Service (if male & required)
May not have eligibility suspended or terminated due to drug-related conviction if convicted while receiving aid

13. General Student Eligibility Criteria
Must have valid Social Security Number
May not be in default on federal student loan
Must not owe overpayment of federal grant or loan
Must be making satisfactory academic progress (as defined by school)

14. Application Process
Submit Free Application for Federal Student Aid (FAFSA) prior to school’s deadline
To ensure maximum consideration for federal, state, & institutional aid, check information from each school to determine:
Required application materials – such as Data Sheet, tax returns, etc
Application deadlines
Most aid on “first-come, first-served” basis

15. Role of Financial Aid Office
Determines aid eligibility using federal formula
Packages aid depending on availability of funds
Sends award notification including:
Student’s Cost of Attendance (COA)
Student’s Expected Family Contribution (EFC)
Amount of student’s financial need
Award amount for each program for which student is eligible
Disbursement methods & time frames
Terms & conditions of each award 20

16. FAFSA on the Web Web site: www.fafsa.gov
FAFSA on the Web available on January 1, 2012
FAFSA on the Web Worksheet:
Used as worksheet for on-line entry
Questions follow order of FAFSA on the Web

17. PIN Site www.pin.ed.gov Web site: www.pin.ed.gov
Sign FAFSA electronically
Can request PIN before January 1, 2012
Not required, but speeds processing
May be used by students and parents throughout aid process, including subsequent school years

18. FAFSA on the Web Homepage

19. This is the new Login page for FOTW.

20. IRS Data Retrieval
Available January 30, 2012, for 2012–13 processing cycle
Participation is voluntary
Could reduce documents requested by financial aid office
Not available to applicants with a recent change in marital status

21. Household Size & Number in College
Household Size = Members of the household who receive more than 50% of their support from you (or your parents if you are a dependent student, even if you do not live with parents)
Number in College = Members of the above household who are also enrolled at least half time in an eligible program of study (excluding parents)

22. College Codes

23. Signature Process

24. CAUTION!
Avoid being charged a fee to file the Free Application for Federal Student Aid
Processes of completing & processing FAFSA are FREE
If filing via FAFSA on the Web, be sure to go directly to
Contact financial aid office for help completing FAFSA

25. FAFSA Processing Results
FAFSA Results are sent to colleges listed on FAFSA approximately 10 to 14 days after FAFSA submitted
College reviews results
May request additional documentation, such as copies of federal tax returns, institutional application (data sheet), birth certificate, social security card, selective service confirmation, etc

26. Student Aid Report Student should review SAR Check for accuracy
Contact school for additional instruction if corrections are needed
Update information when appropriate

27. Where Do I Go From Here?
Obtain and review admissions and financial aid materials from each school to which you are applying
Meet all application deadlines
Complete FAFSA
Other application materials, such as College Scholarship Service’s PROFILE application, if required by school or state agency
Investigate other sources of aid

28. Scholarship Search Options
College Foundation Scholarship
Applications available in March- due mid-April
More than 290,000 awarded in 11-12!!
One application to be considered for all scholarships
Attend Scholarship Workshop to learn more
Scholarship Drawer at SPSCC
Private business scholarships
Civic organization scholarships
The Washington Scholarship Coalition

29. Avoid Being Scammed
To check legitimacy of scholarship search services or individuals, for information about financial aid scams, and tips to avoid being scammed visit these Web sites:
Better Business Bureau:
U.S. Department of Education:
Federal Trade Commission:

30. South Puget Sound Community College
Good Luck!
Contact our office with any questions
If you want to speak with an financial aid advisor one-on- one make an appointment or come in during our “drop in” times
Cookie Greer
Program Specialist 2
South Puget Sound Community College
(360)
Here we have our contact information and again encourage you to call with any questions.