1. Education Beyond High School Financial Aid Presentation
Dover High School Cindy Mills, Assistant Director University of New Hampshire Financial Aid Office

2. Topics We Will Discuss Applying for Financial Aid Cost of Attendance
What is Financial Need
Types of Financial Aid
Special Circumstances
Review of FAFSA on the Web Application

3. Financial Aid Applications
Collect family’s personal & financial information used to calculate Expected Family Contribution (EFC)
Free Application for Federal Student Aid (FAFSA)
CSS Profile
Institutional Applications 8

4. Is There a Deadline? Yes, there is!
Deadlines are critical- may not receive some types of aid if deadline is missed
Dates will vary from school to school - use the earliest
Different from Admission’s deadline

5. How Much Will College Cost?
Cost of Attendance
Tuition
Fees
Board
Room
Miscellaneous expense
Will vary at each school
Net Price Calculator

6. Determining Need Cost of education Need for Financial Aid minus
Expected Family Contribution (EFC)
equals
Need for Financial Aid

7. FAFSA on the Web Web site: https://fafsa.gov
FAFSA on the Web available on October 1, 2018
If you have multiple students attending college, you file a FAFSA for each one

8. FSA ID
Used for FAFSA completion and allows access to certain U.S. Department of Education websites
May be used by students and parents throughout financial aid process, including subsequent school years
Apply at:

9. myStudentAid Mobile App
Mobile ability to begin, complete, save, and submit the FAFSA

10. myStudentAid Mobile App
Digital signature
Confirmation of submission
Estimated EFC calculation

11. IRS Data Retrieval Tool
Allows for certain tax return information to be transferred from the IRS database
Participation is voluntary and student chooses whether or not to transfer data to FOTW
IRS will authenticate taxpayer’s identity
If tax record is found, IRS transfers information to populate the FAFSA
Reduces documents requested by financial aid office

12. FAFSA Review

13. File On Time! Submit FAFSA as soon after October 1 as possible
Will allow for earlier financial aid package determination
UNH Priority deadline is March 1st

14. FAFSA on the Web: Section 1
General student information:
Citizenship
Marital status
Selective Service status
Student Aid Eligibility Drug Convictions
Parents’ Educational Background

15. FAFSA on the Web: Section 2
Student’s income and asset information

16. FAFSA on the Web: Section 3
Student’s dependency status
If all “No” responses, student is dependent
If “Yes” to any question, student is independent

17. FAFSA on the Web: Section 4
Data for parents of dependent students:
Who is parent?
Parents’ household size
Parents’ number in college
Parent income information

18. FAFSA on the Web : Section 4
Asset data for parents of dependent students:
Cash, savings, and checking
Net worth of investments
Net worth of business and investment farms

19. FAFSA on the Web List of up to 10 schools to receive FAFSA data:
Federal School Code for each school
Housing plans for each school

20. FAFSA Processing Results
CPS
College
Student

21. Email Notification of SAR Processing
If valid address is provided on FAFSA
Provides access to electronic SAR at

22. Special Circumstances
Contact the Financial Aid Office directly to discuss any of the following:
Unemployment/Loss of income
Divorce or separation
Unusual medical expenses
Any financial change not reflected on the FAFSA

23. Types of Aid Self Help: Gift Aid:
Loans: Direct Loan & Institutional Loans
Work-Study
Gift Aid:
Grants
Scholarships: Academic, Athletic, Special Talent

24. Financial Aid Award May contain all types of aid
Will vary from school to school
Carefully compare awards vs. total cost at each school
Financial Aid awards often sent by to student

25. Filling the Gap: Additional Financing Options
PLUS Loans (FAFSA required)
Payment Plans
Alternative Loans
Outside Scholarships

26. Don’t Get Scammed Scholarship searches are FREE
When filing FAFSA on the web, make sure you go to https//fafsa.gov
FREE help is available to assist in completing forms
Not sure?? Ask!!
Never to late to save!
By combining methods (tuition payment and loans) you can maximize your monthly available income and reduce overall loan/interest.
ROTC for the military minds. They can cover tuition & fees, room & board, etc in exchange for service after graduation.
APPLE program…if the major you want is not offered in state system in NH, can go to participating schools throughout NE for reduced cost. Must stay with that major.
RA is typically sophomore year+ (free room and board)
Go to a NH community college for 1-2 years then a seamless transfer to UNH, Plymouth, Keene, etc if maintain B average or better.