college greenlight federal student aid’s (fsa) tools & resources for college access...
TRANSCRIPT
College GreenlightFederal Student Aid’s (FSA) Tools & Resources
for College Access Professionals
Aldanzo L PrattProgram Analyst
• FSA Tools & Resources
• Important FAFSA changes
• Questions
Today’s Topics
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Introducing the FSA ID
• FSA is adopting the best practice of using a username and password instead of personal information
• The FSA ID • Requires users to enter less information (2 fields
instead of 4)• Provides more secure access to user’s information• Links to PIN information during registration • Offers self – service capability (name change)
• The FSA ID (username and password) will replace PIN for students, parents and borrowers accessing FSA systems starting May 10, 2015
New FSA ID login
Old PIN login
The FSA ID will modernize access for students, parents and borrowers to FSA systems
The FSA ID will modernize access for students, parents and borrowers to FSA systems
Will be updated
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Introducing the FSA ID• What happens for new user?
• Registration requests the same required information as PIN • New users will be directed to the registration page to create an FSA
ID (username and password) similar to today’s PIN creation page
• What happens if I have a PIN already?• During account creation, the user will be asked for their PIN.• As long as the PIN information matches their other information, the
account will be linked to the FSA ID account
• Will the changes affect a user’s ability to access previous FAFSA submissions?• If the user links their PIN, they will have access to previous FAFSA
submissions
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Introducing the FSA ID
• Can users still access FAFSA by providing their Last name, SSN and DOB?• FAFSA functionality will not change except that the FSA ID will replace the
PIN information• Users will not be able to sign or correct their application without their FSA ID.
• Will customer support change?• Customer support will not change. Similar to PIN, all users will be directed to
call the FSAIC helpdesk for login related issues
• Will my FSA access to other people’s information require a new username and password?• This is only for users who are accessing their own information such as
students, parents, borrowers and applicants
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Gift Aid - Federal Grant Programs
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• Federal Pell Grant Program – $5,775
• Iraq and Afghanistan Service Grant - $5,311
• Teacher Education Assistance for College and Higher Education (TEACH) Grant - $4000
• Federal Supplemental Educational Opportunity Grant, or FSEOG - $4000
Federal Loan Programs
Considerations:Considerations:• Subsidized vs. Unsubsidized• Interest rate• Grace period• Death or Permanent Disability
Know:Know:• Default – 1st Borrowers REQUIRED to Entrance Counseling• Deferment & Forbearance• Loan Repayment Plans• Public Service Loan Forgiveness (PSLF) Program• Teacher Loan Forgiveness
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Dependency Status
• If any of the following criteria applies, the student is considered independent:
24 years or older
Married
Master’s or Doctorate Program
Children and you provide more than ½ support
In foster care since turning 13, or ward of the court
Emancipated minor or was in legal guardianship
Homeless
Serving Active Duty in U.S. Armed Force
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FAFSA.GOV
• Must file every year
• Can file Jan. 1st of senior year
• PIN (Parent/Student)
• Check with college to determine if additional applications need to be completed. I.E. CSS Profile application
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FAFSA.GOV Homepage
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Enhanced IRS DRT Questions
• The format of the IRS Data Retrieval Tool filtering question will be enhanced
• Question labels will be improved for clarity
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IRS Data Retrieval Tool
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Federal Student Aid Information Center
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Contact Us• Live help• Toll-free number• E-mail.
Federal Student Aid Tools & Resources
Repayment Estimator
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Repayment Estimator
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FAFSA4caster.ed.gov
FAFSA Completion by High Schoolwww.federalstudentaid.ed.gov/datacenter/fafsahs
Ordering Publications• Order publications from FSA
Pubs: www.FSAPubs.gov
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YouTube
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www.youtube.com/FederalStudentAid
YouTube Playlists
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Embed Videos into Your Website
Instructions:•Go to YouTube.com/ FederalStudentAid•Select the video you’d like to embed•Click “Share” which will show you a new menu •Click the “Embed” option to receive the code •Copy and paste code to your site
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Facebookfacebook.com/FederalStudentAid
Twitter Homepage @FAFSA
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@FAFSA Twitter Office Hours
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Storifywww.storify.com/FAFSA
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All the Q&As from each #AskFAFSA Office Hours are captured in Storify. This is a good resource for content.
Infographics
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StudentAid.gov
FinancialAidToolkit.ed.gov
Important FAFSA Updates
Foster Care Youth (Cont’d)
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Foster Care Youth (Cont’d)
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Citizen or Eligible Noncitizen ?
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Neither Citizen Nor Eligible Noncitizen
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Legal Parent
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Legal Parent (Cont’d)
Separated
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?
Help – Microsoft Internet ExplorerHelp – Microsoft Internet Explorer
Address
Enter the address that matches your Federal Income Tax Return. Entering abbreviations (St, Ln, Ave, Crt, Ct, Rd) in the ‘street address’ field will not impact the retrieval of your Federal Income Tax Information.• Your current address may not be the same as
the address we have on record for you.
• Your school address may not be the address you entered on your tax return.
• Don’t forget to include your apartment number if you entered it on your tax return. The number symbol (#) is not valid for identifying an apartment number.
Use the following examples as a guide:
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IRS DRT Clarification
• Use the Official website – FAFSA.GOV
• Have SSN Card when filing FAFSA
• Use SSN Card name, not Nickname
• Select Correct Award Year
• Complete FAFSA early using Estimates
• After making corrections, Resubmit
• Don’t Forget State Deadlines - link
7 Best FAFSA Practices:
QUESTIONS?
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