1. Hamburg High School Financial Aid Presentation
Daniel M. Tramuta
Associate Vice President for Enrollment Services
New York State Financial Aid Administrators Association (NYSFAAA) - Past President
Eastern Association of State Financial Aid Administrators (EASFAA) - State Rep
State University of New York at Fredonia

2. Overview of Higher Education Landscape Challenges & Opportunities
Demographics
Decline in HS Graduates out to 2022
Selectivity Matrix
Program Demand
Retention
Merit-Based Arms Race
Scholarship – increased tuition discounting to find price point
Cost & Affordability
Debt at Graduation
Return on Investment
New Academic Programs
Growth in STEM Programs

3. Projected change in the number of high school graduates 2010 to 2019

4. Factors Most Noted in Choosing & Staying at a College
Majors & Career Programs Offered
Cost/Affordability
Location/Campus Characteristics/Faith Support
Campus Size/Safety
Characteristics of Enrolled Students
Selectivity

5. 2014 Undergraduate Degree Demand – ACT Test Takers

6. Current Admissions/Financial Aid Funnel for HS Seniors
Applied for Admission (by early November of Senior Year)
Create a FSA ID & Password at to be used to sign their FAFSA
Completed their FAFSA online at in early January using estimated prior year federal income
Completed CSS Profile using prior year income by the school’s advertised deadline
Update FAFSA once federal return is filed via the IRS Data Retrieval Process embedded within the FAFSA
Use the corresponding state scholarship link on the FAFSA Confirmation Page to apply for TAP
Keep records

7. New HS Juniors Admissions/Financial Aid Funnel
Admission Application: Current high school Juniors are able to start their Common Application NOW! The Common App is available now for Juniors to complete and roll over to next year, however; the Common App cannot be submitted on-line until after August 1st, just prior to the star to of the senior year in high school.
Create a FSA ID & Password at to be used to sign their FAFSA
Complete FAFSA online at in October 2016 (Use Prior-Prior Year income information)
Complete CSS Profile using PPY Income by the school’s advertised deadline
Use the corresponding state scholarship link on the FAFSA Confirmation Page to apply for TAP
Keep records

8. HS Juniors Can Begin Completing Their Common Application NOW
(in their Junior Year)
Forwarded message From: Daniel Tramuta Date: Mon, Dec 7, 2015 at 10:02 PM Subject: Fwd: Rolling Over of Common Application Data for Current HS Juniors Dear Colleague:   
It was wonderful to have the opportunity to talk with so many counselors during the NACAC National Conference and the College Board Forum earlier this fall. We believe that it is critical to understand the counselor experience, and the insights you have provided are invaluable. Counselors like you are on the ground working day in and day out to help students find the colleges that are right for them, and our goal is to support you in that effort.   
To that end, we recently shared with you several important initiatives:  
Account Rollover, which allows applicant accounts from to carry over to the application year and beyond;  
As always, if you have any questions, please do not hesitate to contact us. We look forward to working together with you in the coming year.  
Best Regards,
Aba Blankson  
   

9. Create a FSA ID & Password Prior to Completing the FAFSA

10. Create USER ID & Password
​​We have changed the way parents sign the FAFSA®!
Earlier this year, your child submitted a Free Application for Federal Student Aid (FAFSA®). If your child will be submitting a FAFSA for the school year after January 1, you will need to create an FSA ID - a username and password - in order to sign your child's FAFSA. The FSA ID has replaced the Federal Student Aid PIN.
Our records indicate that you may not have yet created an FSA ID. To avoid delays in processing your child's FAFSA, you should create an FSA ID now. Do not wait until the FAFSA becomes available in January.
Your child will also need to create his or her own FSA ID. Because the FSA ID serves as a legal signature, you and your child cannot share an FSA ID, and you are not permitted to create an FSA ID for your child. Doing so could cause problems with his or her financial aid.
For security reasons, you and your child cannot use the same address when creating FSA IDs.
You will be able to use your FSA ID immediately to sign your child's FAFSA.
Note: When filling out the FAFSA, you will make a "Save Key" that allows you and your child to work on the same application without using each other's FSA IDs.
For more information about the FSA ID, visit StudentAid.gov/fsaid.
Sincerely, ~Federal Student Aid Programs

11. Create Account – Link PIN

13. Should I pay someone to help me find or apply for student financial aid?
FREE help is available
Make sure you are not paying for free information
Know what you are getting for your money
Need more info:
FEDAID

14. What Makes up a Financial Aid Package?

15. Sources of Financial Assistance

16. Federal & State Grants
GGrant Programs
PELL Grant
Must have a FAFSA calculated EFC between $0 – $5,199
Max. Award: $5,775 T
NYS TAP Grant TAP Grant
Based on NYS net taxable income
NY Net Income ceiling is $80,000
Max. Award: $5,165

17. STEM Incentive Program
Tuition scholarship at SUNY or CUNY
Eligibility
Need to graduate in top 10% of high school class
Need to study in STEM Field
Need to maintain a 2.5 average
Five-year service contract to work in NY state in a STEM field
More information: or Scholarship Unit at

18. NY-AIMS Award of $500 Eligibility NY State high school graduate
Achieved academic excellence
Top 15%
3.3 GPA or above
Honor Regents diploma or a score of 3 or higher on two advanced placement exams
Based on unmet need
Applications and more information available in May
More information: or Scholarship Unit at

19. Federal Work Study
Federal Work Study
Based on financial need
Earnings based on NYS minimum wage scale
Traditionally on-campus employment
Usually 6 to 10 hours per week

20. Subsidized Unsubsidized Federal Stafford Loan 4.29% Capped at 8.25%
Based on need
Federal government pays interest while student is in school
$3,500 for freshmen
Maximum Direct Loans for freshmen: $5,500
Unsubsidized
4.29%
Capped at 8.25%
Not based on financial need

21. FASTWEB.COM
Fastweb recently matched you to these new scholarships! Apply today, so you don't miss out!
That was easy–you didn't even have to search!
Check out your new scholarships:
Kelly Tanabella Music Theatre Scholarship (Amount: $4,000) Log in to see the rest of your personalized scholarship matches: What do I do now? You're never going to win scholarships if you don't apply. Simply choose one of the scholarships on your matches list, read through the detailed info and click on the scholarship provider's website to find out how to apply. Why was I matched to these scholarships? We matched you to these scholarships because of the info you have in your profile. If these scholarships aren't what you had in mind, you have the power to make them better. Update your profile by filling out as much as possible and keep your info current. That way, we'll find better, more personalized scholarship matches for you.

22. Administration Rollout of PPY
September 14, 2015
In Des Moines, Iowa, President Obama announces action to implement PPY on the FAFSA
On October 1, 2016, the FAFSA for the award year will be released by the Department of Education.

23. Identifying Implications
The move to PPY could have some important implications for colleges and universities
Budget and tuition planning timelines may need to be adjusted if award determinations are made in the fall instead of the spring
Recruitment and admissions offices may need to alter messaging as high school seniors will receive financial aid information much earlier
Earlier distribution of acceptance letters
Earlier distribution of financial aid award letters

24. Using Prior-Prior Year Tax Income Data on the FAFSA
The Free Application for Federal Student Aid (FAFSA) becomes available every January 1, and currently requires a family's tax information from one year prior. Families are encouraged to file the FAFSA as soon as possible to maximize their odds of receiving financial aid. But with tax deadlines months later, most have to estimate their tax information on aid applications and make corrections later. In the worst case scenario, some families miss out on financial aid funds that are disbursed on a first-come basis.
Education Secretary Arne Duncan enacted a change this past Sunday that would fix this widespread issue. By using income from two years ago, otherwise known as prior-prior year (PPY) tax income data, families could file the FAFSA with tax information they already have, making the process quicker and easier. By taking advantage of the existing ability to import tax information directly from the IRS onto the FAFSA form, families will spend less time gathering paperwork and would make far fewer errors.
The use of prior-prior year income also presents an opportunity to align admissions and financial aid decisions and give millions of families more time to plan for actual college costs, rather than sticker prices or projections. Low-income families experience very little income fluctuation from year to year and most would not see a significant change in their eligibility for a Pell Grant with a switch to prior-prior year income.
Prior-prior year income is the closest thing we have to a "silver bullet" for an industry in search of meaningful solutions. With earlier aid awards, financial aid administrators would have more time to help families evaluate their options and make informed financial decisions.

25. Using Prior-Prior Year Tax Income Data on the FAFSA
With the switch to PPY, students and families will be able to:
File the FAFSA earlier. As you know, the FAFSA is made available January 1 of each calendar year, yet it is uncommon for a family or individual to be prepared to file an income tax return in the month of January. Under the new PPY system, the FAFSA will be available in October 2016, rather than January 1, 2017, and students can use the PPY’s completed income tax return.
More easily submit a FAFSA. The IRS Data Retrieval Tool (DRT), which allows automatic population of a student’s FAFSA with tax return data and decreases the need for additional documentation, can be used by millions more students and families under PPY, since tax data from two-years prior would be readily available upon application.
Receive earlier notification of financial aid packages. If students apply for aid earlier, colleges can in turn provide financial aid notifications to students earlier, ensuring that students and families have more time to prepare for college costs. Notifying students earlier of their financial aid packages will also leave more time for one-on-one counseling with students and families. 
* Next year’s ( ) aid applicants will be using the same prior year federal income (2015) for two consecutive years

26. What PPY Could Mean for High School Counselors?
Improved discussions about financing college
Earlier and more realistic conversations about financial viability
Improved College ScoreCard (CollegeScorecard.ed.gov)
Financial Aid/FAFSA information nights held earlier
May include more colleges/universities to assist
Fall workload increases
College/University requests for earlier visits

27. Potential Impacts on Student and Family Behavior
Shifting priorities in college search
Changed college application patterns
Earlier and/or later applicants? Both?
Earlier and more informed enrollment decisions
Mixed views on stress

28. Potential Impacts on Admission and Recruitment Behavior
Earlier discussions about financial viability
Admissions staff cross-training
Rolling admissions could be at an advantage
Acceptances and financial aid decisions sent together?
Challenges to articulating value proposition
Adoption of early decision/early action programs
Changes in yield projection accuracy
Econometric modeling may not be as accurate
Methodically enhance yield activities/resources
Potentially have earlier, stronger indicators of class yield

29. Appeals Based on Unusual Circumstances
Loss of Income, e.g. in academic year , loss of Income in 2015 vs 2014
Medical/Dental expenses NOT PAID by insurance
Death, separation, divorce......
1-Time Fluctuation in Income
Elementary/Secondary Private School Tuition Expenses
Follow the procedures of the Financial Aid Office where student is attending.

30. Questions?