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Complete Your FAFSA Application High School Financial Literacy #4.

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Presentation on theme: "Complete Your FAFSA Application High School Financial Literacy #4."— Presentation transcript:

1 Complete Your FAFSA Application High School Financial Literacy #4

2 Pre-Test 1.Why would students complete the FAFSA? 2.What number is required to complete the FAFSA? 3.Name two FAFSA sections.

3 Objectives Understand the importance of completing the FAFSA application Learn more details about the FAFSA Obtain a FAFSA Pin number Create a FAFSA application plan Begin the FAFSA application process

4 Watch “How to Fill Out the FAFSA” Take Notes – What are the different steps to fill out the FAFSA?

5 Review FAFSA Information 1.Free Application for Federal Student Aid (FAFSA) 2.First and required step to receive college financial aid 3.Most states and colleges use FAFSA information to award non-federal aid 4.Completing the FAFSA allows many students to receive thousands of financial aid dollars

6 Review More FAFSA Information 1.Can complete after January 1 st before your freshman year in college 2.Complete 1040 tax form before the FAFSA – 1040 tax form: File annual income to IRS – IRS: Internal Revenue Service/Government Agency 3.Complete FAFSA in January/learn financial aid amounts before making college decision 4.Students applying for early decision can often get financial aid estimate

7 How much aid will I receive? 1.Some aid determined by college financial aid office 2.Based on your family’s FAFSA information – Dependent: student financially reliant on family 3.FAFSA calculates your Expected Family Contribution (EFC) toward expenses 4.Common types of financial aid – Grants, scholarships, work study, loan

8 http://www.fafsa.ed.gov/

9 FAFSA Login

10 FAFSA: Get Started

11 Apply for a FAFSA PIN: TODAY

12 FAFSA: Common Questions

13 FAFSA: Seven Sections 1.Student Demographics 2.School selection 3.Parent demographics 4.Dependency status 5.Financial information 6.Sign and Submit 7.Confirmation

14 FAFSA Documents to Complete

15 FAFSA on the Web Worksheet

16 FAFSA Worksheet: Student Info

17 FAFSA Worksheet: Parent Info

18 FAFSA Worksheet: Student Earnings

19 FAFSA: Paper Copy

20 Begin FAFSA Application Process 1.Make a FAFSA application plan 2.Create a FAFSA Pin Number 3.Begin the FAFSA application process

21 Class Discussion 1.Is there any part of the FAFSA that you anticipate being a problem? If so, why? 2.When do you plan to complete the FAFSA?

22 Post-Test 1.Why would students complete the FAFSA? 2.What number is required to complete the FAFSA? 3.Name two FAFSA sections

23 Review Why students complete the FAFSA – May become eligible for thousands of dollars in college financial aid Number required to complete the FAFSA – FAFSA Pin number FAFSA sections – Student demographics, school selection, parent demographics, dependency status, financial info


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