a match made in heaven deborah griffin director, financial aid veterans certifying official fysi...
TRANSCRIPT
A Match Made in Heaven
Deborah GriffinDirector, Financial AidVeterans Certifying OfficialFYSI LiaisonOhlone College
Something to think about:All financial aid students will encounter
Admissions and Records as enrolled students.
Not all enrolled students are financial aid students.
A Brief Overview of Financial Aid
2010-2011 Application Processing -- FAFSA on the Web (FOTW)
www.fafsa.ed.gov
Never, Ever, Ever Use www.fafsa.com
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Student Aid Report (SAR)
After 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
An electronic copy of the data will be sent to each college or university listed by the student in Section 1
Keep a copy of the SAR with other financial aid documents
Cost of Attendance (COA) Expected Family Contribution
(EFC)
Eligibility for Need-based Aid
Calculating Financial Aid Eligibility Basic Equation of Need
Types of Financial Aid Categories
Gift Aid
Grants
Scholarships
Self-help Aid
Work-study
Loans
Financial Aid is any money given, paid or loaned to help pay for education.
Financial Aid is any money given, paid or loaned to help pay for education.
COLLEGE
Federal government
State agency/government
Colleges and universities
Private agencies, companies, foundations and parents’ employers
Types of Financial Aid Sources
Federal grants (Pell, FSEOG, ACG, SMART)
Cal Grants (A, B & C)
Federal Subsidized Direct loan
Federal Work-Study
Some institutional scholarships and work-study programs
Calculating Financial Aid Eligibility Need-Based Aid
Types of Financial Aid Grants
• Pell Grants 2009-10 range $976- $5,350
• Fed Supplemental Educational Oppty. Grants 2009-10 range $100-$4,000
● Academic Competitiveness First year- $750 Second year- $1300 (must maintain 3.0
GPA)
Cal Grants A, B and CStudent must meet
All federal and state eligibility criteria
Income and asset limits GPA requirement
Amount determined by Grant program and school segment
Renewal is based on program participation
Types of Financial Aid
Types of Financial Aid
Cal Grant A Entitlement Awards – up to $7,788 at a U.C., $4,026 at a CSU, and $9,708 at an independent or private college. If attending a Community College, award will be held in reserve for up to 3 years until you transfer to a four-year college. GPA of at least 3.0.
Cal Grant B Entitlement Awards – additional living allowance of $1,551 and up to the same award amounts of Cal Grant A for the second year. GPA of at least 2.0.
Cal Grant C Awards – for students from low income families pursuing vocational programs of study. Awards up to $576 for books, tools, etc. and up to $2,592 for tuition and fees at a private college.
Community College - Board of Governor’s Fee Waiver (BOG)
Waives enrollment fees, FAFSA may be required.
Separate application is available – but FAFSA is easier.
Types of Financial Aid
Qualify for Financial Aid, such as a Pell Grant, a Cal Grant, or assistance from EOPS;
Receive AFDC, TANF, SSI/SSP (Supplemental Security Income), or General Relief;
Be certified by the California Department of Veterans Affairs or the National Guard Adjutant General for eligibility for a dependent's fee waiver;
Be eligible as a recipient of the Congressional Medal of Honor or as a child of a recipient, or a dependent of a victim of the September 11, 2001 terrorist attacks.
Be eligible as a dependent of a deceased law enforcement/fire suppression personnel killed in the line of duty.
Meet the income standards listed in the Total Family Income table as published by the Chancellor’s Office.
Once a student receives the waiver, it’s good for the fall, spring and summer terms.
BOG Requirements:
California Chafee GrantCalifornia 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 16th birthday and not have reached their 22nd birthday before July 1, 2010
• To apply, the foster youth must complete:• 2010-2011 FAFSA• California Chafee Grant Program Application
To learn more about the Chafee Grant, go to: www.chafee.csac.ca.gov
Types of Financial Aid
Federal Work StudyCampus-based aidMust be earned through work
Job may be on or off campusUndergraduate and graduate studentsNo annual maximum
Funding levels vary at each institutionNeed-based
Types of Financial Aid
Federal Stafford/Direct Loan
• Subsidized (Need-based)
• Unsubsidized (Not need-based)
• Annual and aggregate loan limits
• 6-month grace period, 10 year repayment• Interest rate – Sub fixed at 4.5% (7/1/10-6/30/11) /
Unsubsidized fixed at 6.8%– Default Fee of 1%
• Not credit-based
Calculating Financial Aid Eligibility Cost of Attendance
Standard Allowable Costs:
Tuition and fees
Room and board
Books and supplies
Transportation
Misc. personal expenses
Additional Allowable Costs:
Dependent care
Study-abroad
Disability-related
Employment expenses for co-op study
Student loan fees
Residency Requirements – U.S. Citizen or Eligible non-citizen
H.S. Diploma Updated in System
Petition for Grade Changes – effects GPA
Academic majors declared – no undecidedCertificate programs of 24 units or more
Address/email Updates
Most Frequently Asked
Satisfactory Academic Progress
orSAP
Your term and/or cumulative grade point average (GPA) for last semester was below 2.0, and/or
You did not complete 66.67% of the units you attempted for which you received financial aid last term, and/or
You did not complete the courses for which you received financial aid.
Reasons for Probation
Attempted vs CompletedDefinition of ‘Attempted’:
Any class that is not dropped by the “last day to drop without a W” deadline.
Definition of ‘Completed’:
To ‘complete,’ in terms of financial aid, means that you received an A, B, C, D, or CR grade. If you received a W, F, NC, I, or RD grade, you did not complete the units for which you received this grade.
You must complete 66.67% of the units that you attempt for which you receive financial aid every semester. To determine the number of units that you must complete each term, multiply the # of units by 66.67%.
Example: 12.5 units → 12.5 x .6667 = 8.33375Round to 8.5 units
So if you attempt 12.5 units, you must complete at least 8.33375 (or 8.5) of those units in order to be on clear status for financial aid.
How many units is 66.67%?
If you attempt: You must complete:
21 units 14.5 units17 units 11.5 units16.5 units 11.5 units16 units 11 units15.5 units 10.5 units15 units 10.5 units14.5 units 10 units14 units 9.5 units13 units 9 units
How many units is 66.67%?
How many units is 66.67%?If you attempt: You must complete:12.5 units 8.5 units12 units 8.5 units11.5 units 8 units11 units 7.5 units10.5 units 7.5 units10 units 7 units9.5 units 6.5 units9 units 6.5 units8.5 units 6 units8 units 5.5 units7.5 units 5 units7 units 5 units
How many units is 66.67%?
If you attempt: You must complete:
6.5 units 4.5 units6 units 4.5 units5.5 units 4 units5 units 3.5 units4.5 units 3.5 units4 units 3 units3.5 units 2.5 units3 units 2.5 units2.5 units 2 units2 units 2 units1.5 units 1.5 units1 units 1 units.5 units .5 units
If a student does not meet Satisfactory Academic Progress for 2 terms in a row, or a total of 3 terms while receiving financial aid, the student will be Disqualified.
Must go through an appeal process by completing an Application for Appeal and a Student Education Plan (SEP) with a Counselor to map our your courses.
If eligible, you will continue to receive the BOG Fee Waiver
Disqualification
If eligible, students are considered for financial aid of attempted units up to 150% of the units required to complete a declared major, for example60-unit AA degree = 90 attempted units24-unit CA program = 36 attempted units
Complete the Application for Appeal with counselor-prepared SEP.Courses previously attempted are not eligible
for financial aid on Excessive Units status.
Excessive Units status
Ideas….Remember – we are all here to serve students.Without students, we won’t be here.
Understand each department has specific tasks to accomplish using a lot of the same information.
Regard one another as team members. Avoid using language which downplays another department.
