1. FINANCIAL AID 2014-2015 UC Santa Cruz, Cabrillo and Cal State Monterey Bay Present

2. EVERYONE HAS THE ACCESS TO ATTEND COLLEGE OR TRADE SCHOOL YOU HAVE THE CHOICE OF WHICH SCHOOL TO ATTEND Purpose of Financial Aid

3. What is financial aid? Money to pay for college or career school  Grants  Loans  Work-study  Scholarships

4. Who can get federal student aid? U.S. citizen or permanent resident High school graduate/GED holder Enrolled in eligible degree/certificate program Valid Social Security number Males registered for Selective Service Maintaining Satisfactory academic progress

5. Not eligible for federal student aid? You may be eligible to complete the California Dream Application To qualify for California and public financial aid through AB130 and AB131, including undocumented students, must:  Be AB 540 eligible;  Have or will graduate from a California high school or have attained a G.E.D.; or received a passing mark on the California High School Proficiency Exam (CHSPE);  Register or be currently enrolled at an accredited institution of higher education in California;  Not hold a valid non-immigrant visa (F,J,H,L,A,B,E, etc.);  Demonstrate financial need and meet all other program requirements. Go to: https://dream.csac.ca.gov/ to applyhttps://dream.csac.ca.gov/

6. How much federal student aid can I get? Depends on your financial need. Financial need is determined by Expected Family Contribution (EFC) and Cost of Attendance (COA) EFC comes from what you report on the FAFSA COA is tuition, fees, room and board, transportation, etc. COA – EFC = financial need

7. How much federal student aid can I get? Example: first-year student in 2013-14 Maximum amounts allowed: Federal Pell Grant: $5,645 in 2013-14 Direct Subsidized and Unsubsidized Loans: $5,500 total Federal Perkins Loan: $5,500 Federal Supplemental Educational Opportunity Grant: $4,000 Federal Work-Study: depends on funds available at school Direct PLUS Loan (for parents): COA minus other aid received

8. How do I apply for aid? Federal student aid: fill out Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov State aid: Send GPA verification form to CSAC School aid: contact financial aid office at schools you are considering Scholarships: visit scholarship website or call contact number for information

9. FAFSA on the Web Website: www.fafsa.gov 2014–15 FAFSA on the Web available on January 1, 2014 FAFSA on the Web Worksheet:  Used as “pre-application” worksheet  Questions follow order of FAFSA on the Web

10. FAFSA on the Web Good reasons to file electronically: Built-in edits to prevent costly errors Skip logic allows student and/or parent to skip unnecessary questions Option to use Internal Revenue Service (IRS) Data Retrieval Tool

11. Federal Student Aid Personal Identification Number (FSA PIN) Website: www.pin.ed.gov Sign FAFSA electronically Not required, but speeds processing May be used by students and parents throughout aid process, including subsequent school years

12. Student Dependency Status FAFSA asks questions to determine status: If all “No” responses, student is dependent If “Yes” to any question, student is independent

13. Information About the Parents of Dependent Students Tax, income, and other financial information Dislocated worker status Assets

14. Frequent FAFSA Errors Social Security Numbers Divorced/remarried parental information Income earned by parents/stepparents Untaxed income U.S. income taxes paid Household size Number of household members in college Real estate and investment net worth

15. FAFSA Processing Results Central Processing System (CPS) notifies student of FAFSA processing results by: Paper Student Aid Report (SAR) if paper FAFSA was filed and student’s e-mail address was not provided SAR Acknowledgement if filed FAFSA on the Web and student’s e-mail address was not provided

16. FAFSA Processing Results Institutional Student Information Record (ISIR) sent to colleges listed on FAFSA approximately 10 to 14 days after FAFSA submitted College reviews ISIR  May request additional documentation, such as proof that a sibling is enrolled in college

17. Making Corrections If necessary, corrections to FAFSA data may be made by: Using FAFSA on the Web (www.fafsa.gov) if student has a PIN; Updating paper SAR (SAR Information Acknowledgement cannot be used to make corrections); or Submitting documentation to college’s financial aid office

18. Special Circumstances Change in employment status Medical expenses not covered by insurance Change in parent marital status Unusual dependent care expenses Student cannot obtain parent information

19. What happens next? Overview http://studentaid.ed.gov/fafsa http://studentaid.ed.gov/fafsa