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Complete Your FAFSA Application High School Financial Literacy #4
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Pre-Test 1.Why would students complete the FAFSA? 2.What number is required to complete the FAFSA? 3.Name two FAFSA sections.
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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
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Watch “How to Fill Out the FAFSA” Take Notes – What are the different steps to fill out the FAFSA?
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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
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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
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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
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http://www.fafsa.ed.gov/
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FAFSA Login
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FAFSA: Get Started
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Apply for a FAFSA PIN: TODAY
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FAFSA: Common Questions
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FAFSA: Seven Sections 1.Student Demographics 2.School selection 3.Parent demographics 4.Dependency status 5.Financial information 6.Sign and Submit 7.Confirmation
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FAFSA Documents to Complete
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FAFSA on the Web Worksheet
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FAFSA Worksheet: Student Info
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FAFSA Worksheet: Parent Info
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FAFSA Worksheet: Student Earnings
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FAFSA: Paper Copy
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Begin FAFSA Application Process 1.Make a FAFSA application plan 2.Create a FAFSA Pin Number 3.Begin the FAFSA application process
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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?
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Post-Test 1.Why would students complete the FAFSA? 2.What number is required to complete the FAFSA? 3.Name two FAFSA sections
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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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