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FAFSA Free Application For Federal Student Aid
Naviance Family Connection UNIT 1 LESSON 8
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Learning Outcome Students will be introduced to the topic of financial aid, the different types available and how they can apply. Students will define and describe financial aid terms and procedures. Students will learn about the different financial aid options available to them in the future. UNIT 1 LESSON 8
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Lesson Tasks Complete the FASFA Scavenger Hunt
Fill out a FAFSA 4Caster to help better their understanding of how to pay for college Take home parent worksheet prior to completing the FAFSA Complete the FAFSA UNIT 1 LESSON 8
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Money for education
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Money for Post-Secondary Education
What does the word “college” really mean? What are your biggest concerns about paying for college or any education or training classes after high school? If you/your family is unable to pay for college, what other options are there to help you? College is sometimes used to mean any post-secondary education and training you receive. (Community College, University, Technical College, Training Program) Answers will vary Answers will vary UNIT 1 LESSON 8
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Education = Earning Potential
Think about your career goals for the future and what type of education and/or training you may need. Now look at your earning potential on average. It pays to continue your education!! UNIT 1 LESSON 8
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Education = Earning Potential
Let’s look at your earning potential in a little more detail… This chart focuses on the weekly earnings of full-time employees. UNIT 1 LESSON 8
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Education vs. Unemployment
Based on the chart below, what observations can you make about weekly earnings, education, and unemployment? How are they related? UNIT 1 LESSON 8
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Benefits of a College Degree
What did you notice about the potential career earnings between a student who completes high school versus a student who earns an Associate or Bachelor’s degree? Research has shown that there are multiple ways value is added to your life when you continue to a post-secondary education after high school? Higher earning potential More job opportunities More employer-provided benefits More job satisfaction Greater job stability Ability to make better life choices Ability to communicate more effectively UNIT 1 LESSON 8
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Financial Aid for students
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Money, Money, Money! Financial aid is money that the government and other organizations give you or lend you to pay for college. To qualify for financial aid, you have to apply. With financial aid, many students who can’t afford the full cost of college are able to earn their degrees. In fact, most full-time college students receive some type of financial aid. UNIT 1 LESSON 8
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What are my options? Financial aid comes from these sources:
Federal government (the largest source) State governments Colleges and universities Private organizations, such as companies, clubs and religious organizations Banks and lending companies UNIT 1 LESSON 8
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Financial Aid Types UNIT 1 LESSON 8
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Financial Aid Definitions
Grants Scholarships Loans Work-Study Grants are called gift aid because they do not have to be paid back. Grants come from federal and state governments and from colleges. Most grants are need based, which means they are usually given based on your or your family’s financial circumstances. Scholarships are also gift aid. Scholarships come from governments, colleges and private organizations. They may be awarded for academic or athletic ability, interest in a certain subject, or volunteer work, for example. Borrowing money from a bank, government or lending company is called taking out a loan. A loan must be paid back with an extra charge called interest. The Federal Work-Study Program offers paid part-time jobs to help students pay for part of their college cost. UNIT 1 LESSON 8
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When & Why to apply
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Financial Aid – Why? Keep in mind that a college that charges a lot for tuition might offer you generous financial aid. It might even be more affordable than colleges that charge lower tuition. Each college you apply to will provide you with a financial aid offer. Once you hear from the colleges you’ve applied to, you will compare your financial aid offers to see which options are best for you. UNIT 1 LESSON 8
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Are You a College Bound Scholar?
The College Bound Scholarship is an early commitment of state financial aid to eligible students who… Signed up in 7th or 8th grade Fulfill the College Bound pledge What do I get with the scholarship? Once you file the FAFSA as a senior the scholarship will pay the average tuition cost at a public college plus some fees and a small book allowance. Where can I use it? Public community and technical colleges Public four-year colleges and universities Independent colleges and universities Private career colleges UNIT 1 LESSON 8
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Apply Starting October 1st!
Review the Financial Aid Facts to get the most up to date information for completing the FAFSA and WASFA Click the link to watch an introduction to FAFSA video Visit the ReadySetGrad site UNIT 1 LESSON 8
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How Will I Pay for College?
Review the Financial Aid Fundamentals worksheet and discuss the 5 ways to pay for college 1. Family Savings/earning 2. Grants 3. Scholarships 4. Work study 5. Loans Click the link to watch an introduction to FAFSA video UNIT 1 LESSON 8
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FAFSA Scavenger Hunt Complete the FAFSA Scavenger Hunt to gain a better understanding of what information is required to complete the FAFSA UNIT 1 LESSON 8
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Financial Aid for students
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Log-in to Naviance Family Connection
username: student ID password: last 4 digits of your student ID and the day you were born (xxxx-last four digits of student ID and XX Birthday day) Example: UNIT 1 LESSON 8
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What is the FAFSA 4Caster?
The FAFSA 4Caster provides information about financial aid options an will allow you to estimate your eligibility for federal student aid. Click the colleges tab Click college resources Click FAFSA 4Caster UNIT 1 LESSON 8
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FAFSA 4Caster Build your profile by answering some basic questions about you and your family Teachers: Before you begin this lesson, you will want to remind students that they need to ask their parents/families their annual income. UNIT 1 LESSON 8
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FAFSA 4Caster You need to answer all the questions After completing the 4Caster, you will be given some basic information estimating the cost of college UNIT 1 LESSON 8
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Resources & Additional help
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Financial Aid Resources in Naviance Family Connection
When you log into Naviance there are several places to find even more resources about financial aid opportunities. UNIT 1 LESSON 8
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Video Tutorials for Completing the FAFSA
Do you need step-by-step directions for completing the FAFSA? Do you want to know more about the WASFA or College Bound? Or additional scholarship info? Click overview of the FAFSA and the WASFA! Getting Started What you'll learn in this training What you will need Getting your FSA ID Starting a new FAFSA Using the Forms Logging in and out Using the help sidebar Adding schools Determining your dependency status Entering your financial information Using the IRS Retrieval Tool Finishing Up Signing and submitting your FAFSA Interpreting the SAR Making corrections To login to Atomic Learning, use the login and password you use when logging into a district computer. UNIT 1 LESSON 8
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WASFA If you are unable to file a Free Application for Federal Student Aid (FAFSA) due to immigration status, you can complete the free Washington Application for State Financial Aid (WASFA) UNIT 1 LESSON 8
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FAFSA Checklist Take a look at the FAFSA Checklist Do you have everything you need “at your fingertips” to be able to complete the FAFSA? Check out the checklist: FAFSA Checklist UNIT 1 LESSON 8
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Review
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Review What does FAFSA stand for? Who is eligible for FAFSA? If you are not eligible to file the FAFSA due to immigration status, what can you do? UNIT 1 LESSON 8
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Review What does FASFA stand for?
Free Application for Student Federal Aid Who is eligible for FASFA? Be a citizen or eligible noncitizen of the United States Have a valid Social Security Number Have a high school diploma or a General Education Development (GED) certificate, or have completed homeschooling Be enrolled in an eligible program as a regular student seeking a degree or certificate Maintain satisfactory academic progress Not owe a refund on a federal student grant or be in default on a federal student loan Not have a conviction for the possession or sale of illegal drugs for an offense that occurred while you were receiving federal student aid If you are not eligible to file the FAFSA due to immigration status, what can you do? Complete the Washington Application for State Financial Aid (WASFA) UNIT 1 LESSON 8
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Complete the Lesson… Locate the FAFSA on the Web worksheet on the FAFSA website Print out the worksheet and take it home and complete the parent worksheet with your parents Return the completed worksheet and begin to fill out the FAFSA using information from this sheet UNIT 1 LESSON 8
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Naviance Questions? If you have any questions, please contact . Be sure to provide your name and school. To check messages sent to you through Naviance Family Connection, login and click the link for your messages on the right-hand side. To contact your counselor, click the contact us link. UNIT 1 LESSON 8
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