2. The Process – Step 1 CPS Department of Homeland Security (DHS) Social
Up to ten
schools receive
data (ISIR)
Student/Parent
fills out FAFSA.
FAFSA goes to
USDE central
processing
system.
CPS
Start
Student receives
Student Aid
Report (SAR)
National
Student Loan
Database
(NSLDS)
Cal Grant
3/2
Selective
Service
(males)

3. The Process - Step 2 Consider for professional judgment School places
Work-Study Job
ISIR selected for
verification – school collects
supporting documents
School
receives
ISIR and
edit flags
Aid
disbursed
School reviews
file to determine
whether student
is eligible.
School makes
award
School does loan
counseling
ISIR not selected for
verification – school collects
supporting documents
Send corrected information
back to central processor

4. Determining Financial Need
Cost of Attendance*
LIVING:
At Home
OFF Campus
ON Campus CC
$11,000
$18,000
$20,000
CSU
$16,000
$23,000
$25,000 UC
$28,000
$30,000
Private
Up to $60,000
Up to $75,000
* Cost includes tuition, food, transportation, books, housing and personal expenses.
Determining Financial Need
Cost of Attendance: ________(from chart)
Expected Family Contribution (EFC)** - ________ (from FAFSA)
FINANCIAL NEED: = ________
** simulate EFC at

5. Federal PLUS Loans for Parents
Financial Aid for middle-income and upper-income families.
How much can we borrow?
Cost of attendance ______
Minus fin aid awarded ______
Equals PLUS loan = ______
EXAMPLE
Cost of attendance (UC) $28,000
Minus fin aid awarded
Equals PLUS loan = $28,000
Parents must pass a credit check and be citizens or eligible non-citizens, and not be in default on their own loans! Interest rates are 7.9% and repayment begins 60 days after the final disbursement for the school year.

6. TIMING IS EVERYTHING *Online www.fafsa.gov
NOVEMBER Students apply for admissions.
JANUARY FAFSA is available online at
Students and parents complete HOMEWORK.
FEBRUARY Parents and students complete tax returns.
Parents and students complete FAFSA and submit before March 2.
Get GPA Verification done by school and mail it before March 2.
SPRING Read everything that comes from schools and ask questions. Respond to all schools which are still on your list of possibilities.
SUMMER Pack them up and send them off!
IF YOU MISS THE MARCH 2 CAL GRANT DATE, YOU CAN STILL SEND IN THE FAFSA FOR OTHER AID POSSIBILITIES.
SOME PRIVATE COLLEGES MAY WANT THE FAFSA VERY EARLY and MAY WANT THE CSS PROFILE VERY EARLY.
*Online