1. After the FAFSA ISFAA High School Guidance Counselor Workshop 2012

2. Agenda  Updates/Changes  FAFSA Completion Tool  The Student Aid Report (SAR)  IRS Data Retrieval - Corrections  Professional Judgment  Cost Comparison Worksheet  The Financial Aid Office

3. Updates and Changes Reference www.studentaid.ed.gov Eligibility of Students Without a High School Diploma – July 1, 2012 Federal Pell Grant Program – Duration of Eligibility Direct Student Loan Changes – Interest Rates and subsidies

4. FAFSA Completion Tool  Allows high schools to track the students who have completed/submitted a FAFSA  Information is reported by:  State  FAFSA’s submitted online  FAFSA’s completed (not yet submitted)  http://studentaid.ed.gov/about/data- center/student/application-volume/fafsa-completion-high- school http://studentaid.ed.gov/about/data- center/student/application-volume/fafsa-completion-high- school

5. SAR Student Aid Report Paper SAR Paper SAR Acknowledgement Email Notification of SAR Processing

6. Corrections Families submit the FAFSA with estimated tax information to comply with Indiana State Deadline of March 10 th. Use the IRS Data Retrieval Tool to update the income information on the FAFSA before May 15 th. Correct information that was reported incorrectly as of the date the FAFSA was originally completed.

7. IRS Data Retrieval

11. Professional Judgment When is professional judgment used? How does the process work? Who makes determination?

12. Cost Comparison Cost of Attendance Direct Costs Indirect Costs Federal Shopping Sheet

13. Cost of Attendance  Can Include:  Tuition  Standard Fees  Room and Board  Books and Supplies  Transportation  Personal Expenses Allows students to receive financial assistance for both the direct and indirect cost of attending an institution.

14. Direct Costs  “Standard” charges for students as a whole or a specific cohort of students (i.e. in-state vs. out-of-state, tuition by major, etc).  Charged directly to student account / documented on billing statement as charges owed to the school  Tuition, fees, on-campus room, board

15. Indirect Costs  Costs associated with attending the school which will vary from student to student.  May not be documented on billing statement as charge is not from school.  Books and supplies  Travel costs in getting from home to school, vice versa  Personal: laundry, health, entertainment, etc

16. Federal Shopping Sheet New for 2013/2014 academic year Result of Department of Education collaboration with students, parents, college counselors, and aid administrators. Schools are not mandated to use the form (at this time) http://collegecost.ed.gov/shopping_sheet.pdf

17. Building Relationships Tools and Checklist http://studentaid.ed.gov/prepare-for- college/checklists/12th-grade

18. Questions