1. La Sierra High School Presents: Financing Education Beyond High School

2. Types and sources of financial aid Required financial aid application forms How to complete the Free Application for Federal Student Aid (FAFSA) and the Cal Grant GPA Verification Form Answers questions you may have What Will You Learn At This Workshop? 2

3. Apply at fafsa.ed.gov NOT fafsa.com (scam)

4. Never pay to apply for financial aid!

5. $$$-Cost-$$$ 5 - Varies depending on Institution RCC-$3,136 CSUF-$15,506 or $24,320 UCR-$24,800 or $34,300 CBU-$32,272 to $53,430

6. 6 How Much Financial Aid Might We Receive?

7. Types of Financial Aid Gift Aid - Grants or scholarships that do not need to be repaid Work - Money earned by the student as payment for a job on or off campus Loans - Borrowed money to be paid back, usually with interest 7

8. Sources of Financial Aid Federal government State government Colleges and universities Private agencies, companies, foundations, and parents’ employers 8

9. Cal Grants Cal Grant A Entitlement Awards – for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 3.0, family income and assets below the state ceilings, who demonstrate financial need Cal Grant B Entitlement Awards – for high school seniors and recent high school grads with a GPA of at least 2.0, who come from disadvantaged or low income families, whose family income and assets are below the state ceilings, and who demonstrate financial need Cal Grant C Awards - for students from low income families pursuing vocational programs of study 9

10. 10 To be eligible for a Cal Grant, the student must also: be a U.S. citizen, eligible noncitizen, or AB540 student be a California resident attend an accredited eligible California college or university at least half-time Eligibility for Cal Grants

11. Residency and Cal Grant Eligibility for 2014-2015 parents have been legal residents of California for one year immediately prior to September 20, 2014, or student has lived in California with other legal California residents, other than parents, for two years immediately prior to September 20, 2014, or parents who are active duty military, stationed in California at the time the student enrolls in college, or parents’ military home of record is California If unmarried and under 18 years of age, the student will be considered a legal resident of California if: If unmarried and under 18 years of age, the student will be considered a legal resident of California if: If married or 18 years of age or older, the student establishes his/her own residence status. The student must be a legal resident of California for one year prior to September 20, 2014 Undocumented students who qualify for AB540 in-state tuition satisfy Cal Grant residency requirements 11

12. 2014-2015 Cal Grant Application Requirements 12 See your high school to pick up a Cal Grant GPA Verification Form if you haven’t already turned one in Complete and submit each year: Jan 1-Mar 2 Free Application for Federal Student Aid (FAFSA) OR Cal Grant GPA Verification Form If eligible under AB540, students should complete the California Dream Act Application: www.caldreamact.org

13. Possible Cal Grant and Federal Pell Grant Maximum Awards 13 If the student qualifies for Cal Grant, amounts vary depending on the school the student attends, financial need, year in college and enrollment status (full or part-time) If the student qualifies for the Federal Pell Grant, amounts vary depending on family contribution and enrollment status (full or part- time) Other eligibility requirements may apply Cal Grant* (Up to $12,192) 1FAFSA or California Dream Act Application 2Your GPA 3Apply by March 2 Federal Pell Grant (up to $5,645) 1FAFSA = Up to $17,837 maximum annually +

14. KNOW WHICH SCHOOLS CAN RECEIVE FEDERAL FINANCIAL AID 14 * Check for eligible schools at: www.csac.ca.gov

15. 15 Starting with the Fall of 2014-15, the Middle Class Scholarship (MCS) will be phased in to assist new and continuing UC and CSU undergraduate students with family incomes up to $150,000 To apply. students should submit FAFSA For AB540 students, the California Dream Act Application Note: no GPA is required MCS awards vary based on the number of eligible students, the institution, and state funding allocated. In 2014-15, maximum awards will range up to $1,706 Amounts are determined after Federal Pell Grants, Cal Grants and institutional grants are awarded. Students cannot receive both grant aid and the MCS Qualifying students will be notified by the California Student Aid Commission In 2017-18, when fully funded, the maximum awards will be no more that 40 percent of UC and CSU system-wide tuition and fees Middle Class Scholarship (MCS)

16. California Chafee Grant The California Chafee Grant program provides up to $5,000 annually to current and former foster youth for college or vocational training at any accredited college in the U.S., based on available funding To be eligible, foster youth must have been in California foster care on their 16 th birthday and not have reached their 22 nd birthday before July 1, 2014 Foster youth are encouraged to apply during their senior year of high school To apply, the foster youth must complete: 2014-2015 FAFSA California Chafee Grant Program Application AB540 students may also be eligible To apply for a Chafee Grant, go to: www.chafee.csac.ca.gov 16

17. Types of Applications FAFSA---$$$$$$$$$$$$$$$$$$$  Cal Grant GPA Verification Form  Other applications or forms as required by the college such as: 2013 federal tax returns (along with all schedules and W-2s) or other income documentation CSS/Financial Aid PROFILE Institutional Scholarship and/or Financial Aid Application 17 Undocumented student covered under AB540 should complete the California Dream Act Application

18. FAFSA Information & Tips File early, but no later than March 2 each year to be considered for a financial aid Use estimated 2014 income information if taxes are not complete at time of FAFSA submission--don’t wait till taxes are filled Student and at least one parent whose information is reported must complete and sign the FAFSA-sign with PIN 18

19. FAFSA WORKSHOPS 19 Application workshops starting in Jan. During the day for students—in the evenings for parents. Internet application used by students and parents to complete electronic FAFSA at: www.fafsa.gov Sophisticated on-line edits and skip logic help avoid errors On-line help is available for each question Student and one custodial parent should get a federal PIN to sign FAFSA at: www.pin.ed.gov

20. PIN (Personal Identification Number) Needed to sign and access the FAFSA Both student and one parent need PINs to sign the FAFSA electronically May be used to: Check on FAFSA status Verify and correct FAFSA data Add additional schools to receive FAFSA data Change home and e-mail addresses PIN will be generated only if a valid email address is provided Federal PIN Apply for student and parent PINs at: www.pin.ed.gov 20

21. Another Useful Form - FAFSA Checklist and Helpful Hints FAFSA Checklist is need to: Help students to gather important information Will be used in the January workshops to complete the FAFSA Is a required assignment for Gov/Econ 21

22. Before starting the FAFSA, gather: Student driver’s license Student Alien Registration Card, if applicable Student and Parent Social Security cards 2013 W-2 Forms and records of money earned and other taxable benefits 2013 federal income tax form (even if not yet completed) Records of untaxed income Current bank statements Business, farm, and other real estate records Records of stocks, bonds, and other investments Complete 2014-15 FOTW Worksheet (optional) Create a file for copies of all financial aid documents submitted Getting Ready 22

23. Section 1 Section 1 –Student Demographics Section 2 Section 2 –School Selection Section 3 Section 3 –Dependency Status Section 4 Section 4 –Parent Demographics Section 5 Section 5 – Financial Information Section 6 Section 6 – Sign and Submit Section 7 Section 7 – Confirmation—make sure you keep going The Seven-Section of FAFSA 23

24. You can complete and submit your online FAFSA application starting Jan. 1st For more information on federal student aid, visit: www.StudentAid.gov You can also talk with your college’s financial aid office about other types of student aid that may be available 24

25. 25 Contact the Financial Aid Office if there are circumstances which affect a family’s ability to pay for college such as: Loss or reduction in parent or student income or assets Death or serious illness Natural disasters affecting parent income or assets such as the recent California wind storms, wild fires, floods, or mudslides Unusual medical or dental expenses not covered by insurance Reduction in child support, Social Security benefits or other untaxed benefits Financial responsibility for elderly grandparents, or Any other unusual circumstances that affect a family’s ability to contribute to higher education Special Circumstances

26. 26 Gather necessary documents ahead of time Complete a FAFSA on the Web available at: www.fafsa.gov Allow ample time to complete the online FOTW application for submission by the deadline Check the FAFSA on the Web for accuracy prior to submission Save all work periodically Sign the application using student’s and one custodial parent’s PINs Print and keep a copy of the FAFSA before submitting data Print and keep a copy of the Submission Confirmation Page Application Filing Tips FAFSA on the Web

27. Register with Selective Services 27 Most male students 18-25 years old must be registered for selective services to recieve financial aid Click on “Register me” only if your male, you’re at least 18 and if you’re not already registered You can also register at: www.sss.gov

28. 28 A fter the student completes the FAFSA on the Web, a SAR will be sent to the student An electronic SAR Acknowledgment will be sent if student provides an email address A paper SAR will be mailed if no student e-mail address is provided A n electronic copy of the data will be sent to each college or university listed by the student in Section 2 T urn in a copy of the SAR to your Gov/Econ teacher Student Aid Report (SAR)

29. What Happens Next? 29 Students and the colleges the student listed receive Student Aid Report (SAR) from federal processor  Students who complete FAFSA and Cal Grant GPA Verification Form receive California Aid Report (CAR)  Students and families review SAR and CAR for important information and accuracy of data  Colleges match admission records with FAFSA and other required financial aid forms to determine aid eligibility  Colleges provide notices of financial aid eligibility to admitted students who have completed all required financial aid forms

30. 30 If selected for verification, the tax information of federal tax filers will be verified through The IRS Date Retrieval Process, or IRS Tax transcripts if requested by the college or university—STAND IN LONG LINES FOR HOURS Federal Verification IRS Transcripts available at: http://www.irs.gov/Individual s/Order-a-Transcript http://www.irs.gov/Individual s/Order-a-Transcript

31. 31 By opening a WebGrants Account a student can: Check Cal Grant award status 24/7 Make changes to Cal Grant school choices View how much a Cal Grant is worth at different California colleges and universities View Cal Grant payment history Create a WebGrants account at: www.webgrants4students.org Check Your Cal Grant

32. 32 Submit all required forms, including the FAFSA, by each college’s published deadlines (but no later than March 2) By March 2, submit a Cal Grant GPA Verification Form Keep a copy of all forms submitted Review the electronic Student Aid Report (SAR) Acknowledgement or the paper SAR sent to the student Review the California Aid Report (CAR) Watch for financial aid award notifications from colleges to which the student has been admitted Be sure to apply for financial aid this year and every year as soon as possible after January 1 to receive the best financial aid award possible ASK QUESTIONS! Summary of the Financial Aid Process

33. 33 FAFSA on the Web – Live Help Phone 1-800-4-FED-AID (1-800-433-3243) E-mail the U.S. Department of Education at: FederalStudentAidCustomerService@ed.gov If You Need Help at Any Time

34. 34 Tonight’s PowerPoint will be available on the LSHS’s website POWERPOINT