1. FINANCIAL AID 101 Berennisse Behr Financial Aid Counselor
Scholarship Coordinator
Western University of Health Sciences

2. Topics to be Covered What is Financial Aid Applying for Financial Aid
Types of Financial Aid
Financial Aid Offer
What To Do Now

3. Applying for Financial Aid
FAFSA- Free Application for Federal Student Aid
Dream Act Application
Institutional Aid
Scholarships

4. FAFSA Free Application for Federal Student Aid Opens every October 1st
Deadline is March 2nd
Need parent tax & income information
Student must be a citizen or an eligible non citizens
For federal, state & institutional aid

5. FAFSA Dependency Questions
Born before January 1, XXXX (24 years old)
Married
Seeking Master’s or Doctorate program
Have children or dependents
Serving in U.S. Armed forces or a Veteran
Parents deceased since turned 13 years old
Emancipated minor, ward of court, legal guardianship
Homeless or at risk of being homeless

6. FAFSA Dependency Questions
Parent(s) is defined as:
Biological, Adoptive or Step-parent
Marital Status
Single
Married
Divorced
Widowed
Unmarried and both parents living together
If parent does not have Social Security Number, report as
People in parent’s household

7. FAFSA Financial Questions
Completed IRS Tax Return
Include adjusted gross income for 2015 and earnings from work
Can provide estimate based on 2015
earnings
Update FAFSA when return is filed
Include additional financial information and untaxed income
Indicate if parent is a dislocated worker
Not eligible if parent quit or left voluntarily

8. FAFSA Financial Questions
Asset value as of the date FAFSA is completed
Cash, savings and checking accounts
Investments net worth
Business net worth
Over 100 employees
Investment & farms net worth
Do not include family farm

9. FAFSA School Selections
Option to list up to 10 colleges that will receive your FAFSA
Search feature available to search for school codes
Housing Plans
On Campus (dorms)
With Parent
Off Campus

10. FAFSA Confirmation
You will receive an electronic notification that your SAR (Student Aid Report) is ready to review
Summary of your FAFSA information
Not a financial aid award
The Financial Aid Office may request additional documents from you and/or your parent(s) to determine your aid eligibility
You will receive an award notification from each school

11. California Dream Act of 2011
Allows students who meet certain criteria to apply for financial aid, such as:
Private Scholarships
State University Grant (CSU & UC)
Cal Grants, EOP Grants
Applicants include:
AB540 students
Undocumented students
Deferred Action for Childhood Arrival (DACA) students

12. California Dream Act of 2011
Application opens January 1, 2016
Eligibility
Attended a CA school for 3+ years AND graduated from a CA HS or equivalent
Attend a CA college or university
File affidavit with college or university of interest
Deadline: March 2nd
Submit GPA Verification

13. Institutional Aid Money given by the College or University
Normally offered as part of financial aid package
May require supplemental applications
Can be in the form of grants, scholarships or loans
Requires student meet certain GPA or financial need requirements
May be renewable every year

14. Scholarships Institutional Outside Apply through college or university
Each school has its own deadline
Outside
Start with high school or parent’s work
Use scholarship search engines

15. Types of Financial Aid Gift Aid Work-Study Federal Student Loans
Grants or scholarships that do not need to be repaid
Work-Study
Part-time employment
Federal Student Loans
Low interest loans that must be paid back

16. Federal Aid Programs Pell Grant
Supplemental Education Opportunity Grant (SEOG)
Federal Work-Study
Federal Direct Student Loans
Subsidized - Need Based
Unsubsidized – Non Need Based
Federal Direct Parent Loans for Undergraduate Students (PLUS)

17. State Aid Programs regardless of citizenship status
Cal Grant A, B or C
CHAFEE Grant
Board of Governor’s Fee Waiver (BOG)
California Community Colleges
Educational Opportunity Grant (EOP)
CA Dream Act
AB 540 Students only
Middle Class Scholarship (MCS)
State Schools only (CSU& UC)

18. Other Aid Programs Vocational Rehab Fee Paying Programs
Athletic Grant-in-Aid
External Grants & Scholarships
Veteran’s Benefits
Contact Veteran’s Affairs representative

19. Financial Aid Award
Each school you are accepted to will send you a financial aid award offer or package
Will combine aid from federal, state, institutional & outside sources
Changes in income and grades may effect
Will show Cost of Attendance
What you pay
Total Balance – Financial Aid = Amount Due

20. What To Do Now Do well in school Be involved
Institutional and external scholarships consider GPA
Be involved
Community service & school activities
Start applying for scholarships
Start saving now

21. Questions