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Published byDerrick Whitehead Modified over 6 years ago
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Financial Aid and the FAFSA ID 2018-2019 FAFSA on the Web Preview
Ramona High School
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What is financial aid? Money to pay for college or career school
FA Overview from You Tube: Types of aid: FEDERAL Grants Loans Work-study STATE Exemptions, grants, waivers & scholarship programs State work study programs Loans and loan repayment programs COLLEGE OTHER Financial aid is money for educational expenses for college or career school. Grants do not have to be repaid (they are often called “gift aid”). w/expectation of completion Loans have to be repaid with interest. Work-study is money earned by the student at a job (often on campus) that helps the student pay his or her educational expenses. This money does not have to be repaid and is not taken into account in assessing a student’s eligibility for financial aid the following year. Scholarships are funds that do not have to be repaid. Scholarships are usually based on academic merit but can be based on a student’s interests, hobbies, religion, ethnicity, and/or financial need. Collegeforalltexans.com – not all schools participate in all programs (check w/school) College deadline in april Other – employer, church, etc.
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What You Need to Know Must file a FAFSA every year in college
Can file on or after October 1st of each year School year Begins each July 1 Chart bagins with July 1 so July 1, 2015 is for the FAFSA July 1, 2016 is for the FAFSA Tax data from 2915 for next 2 school years & 16-17 “check w/your school for deadline” refers to the college or colleges you are submitting applications to Go over what docs do I need handout
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What You Need to Know The FSA ID (Parent/Student)
The new school year for federal aid is July 1, June 30, 2019 ( FAFSA) If you do not have an award letter from a school - you have no aid to assist in the payment of school expenses The earlier you start, the BETTER!! School Year & includes any semester beginning after July 1, 2017 thru any semester beginning before June 30th You me send FAFSA data to several schools - You may receive award letter from multiple colleges, universities, and trade schools However, you may only accept 1 schools award Have more trouble (maybe because of the mobile nature of internet studies) If you have no award letter you have no aid to pay Contact the school as soon as possible Turn in all documentation as soon as possible Use the deadline for the semester before you plan to attend as a deadline use the summer deadline for the fall Use the school’s deadline as your deadline to receive your award letter Contact (again &again) the school if you don’t have the award letter by the deadline & you have submitted document if you are unsure of when you should be hearing something Prepare alternate plan if no award from first choice. Payment plans,Graduation money,Offers by other schools, Etc. The earlier the better can address above and also aid options with limited availability State aid, scholarships, housing assitance…
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Who can get federal student aid?
U.S. citizen, permanent resident, “other eligible noncitizens” High school graduate or GED holder Eligible degree/certificate program Valid Social Security number Males registered for Selective Service Students enrolled and meeting satisfactory academic progress in college/career school **This is not a comprehensive list of eligibility criteria for federal student aid. For complete details, visit and go to the Student Eligibility chapter of the Federal Student Aid Handbook. (Students should refer StudentAid.gov/eligibility.)** Basic eligibility criteria for federal student aid: US citizen/permanent resident (there are some additional categories of eligible noncitizen, but they’re relatively rare) High school graduate, GED holder, or homeschooler who has completed his/her home-school education as recognized by the state government Student enrolled as a regular student in a degree or certificate program that is eligible to be paid for by federal student aid funds; student also must be attending a college or career school that participates in the federal student aid programs SSN: the exception here is students from the Republic of the Marshall Islands, the Federated States of Micronesia, or the Republic of Palau Males must register for Selective Service within 30 days of their 18th birthday (within 30 days before or 30 days after, for a total window of 60 days). If you are working with a male student who did not meet the 60-day timeframe, direct him to register immediately at Late registrations are accepted until the age of 26. If you are working with a male student aged 26 or older who did not register, you should direct him to the financial aid office at the college he plans to attend. Before he can receive federal student aid, he will have to prove that he did not “knowingly and willfully” fail to register. The financial aid administrator will tell him what documentation he needs in order to do so. In broad terms, a student making satisfactory academic progress (SAP) is moving toward receiving his or her degree or certificate at a pace that is acceptable to his or her school. Each school sets its own SAP policy.
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You will need an FSA ID for Federal aid
The FSA ID is a username and password used by students, parents, and borrowers to: login to U.S. Department of Education websites electronically sign documents You will use it: Every year you apply for federal student aid at fafsa.gov To receive a federal student loan To perform important activities such as competing your FAFSA each year, submit corrections, check history of federal grants and loans awarded To perform other important activities as a federal student loan borrower, such as choosing a repayment plan or applying for a deferment Those who previously applied for FAFSA may have used a pin – DOE replacing ssn & dob with FSA ID & password See handouts on “How to create FSA ID” & 15 steps 6
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Creating a FAFSA ID online
Go to StudentAid.gov/fsaid Click the “Create an FSA ID Now” button Or when you “Start” or “Login” to the FAFSA.gov web site 9
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How much federal student aid can I get?
Not a senior yet? For early estimate, use FAFSA4caster: Link from the StudentAid.gov website FAFSA: Apply for Aid tab, estimate your aid Go to Enter some financial information Get an idea of what eligibility may be CAREFUL looks like FAFSA A student of any age can use FAFSA4caster. Purpose of the tool is to provide early estimate of aid eligibility so the family can plan ahead. FAFSA4caster asks for information such as earnings and taxes and then provides estimate of how much the student might get from the federal student aid programs. Students and parents should remember that FAFSA4caster is not the official federal aid application FAFSA4caster provides information only about federal aid; students also should apply for state and institutional aid as well as private scholarships
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FAFSA Student Login
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FAFSA Student Login Cont.
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Completing Sections of the FAFSA
IRS adds Tax Form Data
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Signing and Submitting FAFSA
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Conformation Page
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