financing education beyond high schooluhs.prod.iusd.org/sites/universityhigh/files/documents/... ·...
TRANSCRIPT
Financing Education Beyond High SchoolPresented by University of California Irvine - Office of Financial Aid and Scholarships
The rays of light streaming downward from the five-pointed star on the UC Crest symbolize the discovery and
dissemination of knowledge
Sources of Financial Aid
4
bull Federal Government
bull State Government
bull CollegeUniversity
General Eligibility Criteria
Must be enrolled or accepted for enrollment in an eligible program of study
Must be pursuing a degree certificate or other recognized credential
Must be US Citizen eligible non-citizen or AB540 eligible (Dream Application)
Males must be registered with Selective Service
5
Who is the Dream Application for
The California Dream Act Application is for students who meet the qualifications of AB 540
An eligible AB 540 student is a student who
Attended a CA high school for 3+ years Graduated from a CA high school or the
equivalent Enrolls in an accredited CA college or
university In case of student without lawful immigration
status filed an affidavit with institution stating that heshe has filed an application to legalize status or will file as soon as he or she is eligible
6
Cost of Education
7
$0
$10000
$20000
$30000
$40000
$50000
$60000
CCC CSU UC Private
CCC Cost estimated for living at home
CSU UC Private Cost estimated for living on campus
- Varies depending on Institution -
UC Irvine Costs (2014-15)
The tuition fees and charges posted here are estimates based on currently approved amounts These figures may not be final Actual tuition fees and charges are subject to change by the Regents of the University of California
8
Commuter On Campus Off Campus
Tuition amp Fees $14577 $14577 $14577 Room amp Board $4643 $12638 $9335 Books amp Supplies $1732 $1732 $1732 Transportation $1640 $809 $1652 Personal Costs $2011 $1821 $1960
Total Costs $24603 $31577 $29256
bullYou have some control over costsbullBe cautious and budget
Determining Eligibility
9
bull A processed FAFSA results in an
Expected Family Contribution (EFC)
bull Costs minus EFC = Need
Cost of Attendance $31577
- Expected Family Contribution - 2500
= Need $29077
Types of Financial Aid
10
bullGift Aid - Grants or scholarships that do not need to be repaid
bullWork - Money earned by the student as payment for a job on or off campus
bullLoans - Borrowed money to be paid back usually with interest
Federal student loans are available to most students regardless of income and provide a range of repayment options including income-based repayment plans and loan forgiveness benefits which other education loans are not required to provide
Types of Aid Gift Aid
11
Scholarships
bull Awarded based on academic performance special talents and other factors
bull Generally replace loans
bull UC Admissions application also for scholarships
bull Utilize reputable private scholarship search tools
Grants
bull Awarded on the basis of demonstrated financial need
bull Do not need to be repaid (Federal State and University)
Covered 2014-15 system-wide fees ($12192) for California residents whose families earned less than $80000 a year and student qualified for financial aid
Qualified students must be in their first four
years of attendance (first two years for
transfer students)
Complete information available at wwwuniversityofcaliforniaedublueandgold
12
bull New program beginning in the 2014-15 academic year that provides undergraduate students with family incomes up to $150000 a scholarship to attend University of California (UC) or California State University (CSU) campuses
bull Students must meet the following requirements -Be a California resident attending a UC or CSU-Be a US citizen permanent resident or have AB 540 student status -Meet certain income and other financial aid standards-Maintain satisfactory academic progress-Not be in default on a student loan-Not be incarcerated
bull Must complete a 2014-15 Free Application for Federal Student Aid (FAFSA) or the California Dream Act Application
13
bull Families earning up to $100000 may be eligible for a scholarship of up to 40 of the mandatory system-wide tuition and fees
bull Maximum award amount is a lesser percentage of mandatory system-wide tuition and fees for each academic year (2014-15 at 14 2015-16 at 20 2016-17 at 30 and 2017-18 at 40)
bull Families earning between $100001 and $150000 may be eligible for a reduced scholarship of no less than 10 of the mandatory system-wide tuition and fees
bull Awards not set amounts and may vary by student and institution
bull Award is determined after you are awarded any federal Pell Grant Cal Grant and institutional need-based grants for which you are eligible
bull Final award amount will be based on the number of students eligible for the MCS statewide and the funding allocated by the State Budget
14
Types of Aid Scholarships
15
UC Merit-Based Regents Scholarship
Private Agencies Banks Parentrsquos Employment City
Scholarship Search EnginesCollegeboardorgCollegenet comFastwebcomFinaidorgCollegetoolkitcom
Types of Aid Grants
16
bull Federal Grants
-Pell Grant (maximum of $5730 for 2014-15)
-SEOG (Supplemental Educational Opportunity Grant)
bull State Grant
-Cal Grant ($12192 for 2014-15)
bull Institutional Grant
17
Types of Aid Cal Grants
bullCal Grant A Entitlement Awards ndash for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 30 family income and assets below the state ceilings who demonstrate financial need
bullCal Grant B Entitlement Awards ndash for high school seniors and recent high school grads with a GPA of at least 20 who come from disadvantaged or low income families whose family income and assets are below the state ceilings and who demonstrate financial need
bullCal Grant C Awards - for students from low income families pursuing vocational programs of study
18
To be eligible for a Cal Grant the student must
bull Be a US citizen or eligible noncitizen (or meet AB540 criteria)
bull Be a California resident when you graduate from high school (or meet AB540 criteria)
bull Attend an accredited California college or university at least half-time in 2014-15
Eligibility for Cal Grants
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Sources of Financial Aid
4
bull Federal Government
bull State Government
bull CollegeUniversity
General Eligibility Criteria
Must be enrolled or accepted for enrollment in an eligible program of study
Must be pursuing a degree certificate or other recognized credential
Must be US Citizen eligible non-citizen or AB540 eligible (Dream Application)
Males must be registered with Selective Service
5
Who is the Dream Application for
The California Dream Act Application is for students who meet the qualifications of AB 540
An eligible AB 540 student is a student who
Attended a CA high school for 3+ years Graduated from a CA high school or the
equivalent Enrolls in an accredited CA college or
university In case of student without lawful immigration
status filed an affidavit with institution stating that heshe has filed an application to legalize status or will file as soon as he or she is eligible
6
Cost of Education
7
$0
$10000
$20000
$30000
$40000
$50000
$60000
CCC CSU UC Private
CCC Cost estimated for living at home
CSU UC Private Cost estimated for living on campus
- Varies depending on Institution -
UC Irvine Costs (2014-15)
The tuition fees and charges posted here are estimates based on currently approved amounts These figures may not be final Actual tuition fees and charges are subject to change by the Regents of the University of California
8
Commuter On Campus Off Campus
Tuition amp Fees $14577 $14577 $14577 Room amp Board $4643 $12638 $9335 Books amp Supplies $1732 $1732 $1732 Transportation $1640 $809 $1652 Personal Costs $2011 $1821 $1960
Total Costs $24603 $31577 $29256
bullYou have some control over costsbullBe cautious and budget
Determining Eligibility
9
bull A processed FAFSA results in an
Expected Family Contribution (EFC)
bull Costs minus EFC = Need
Cost of Attendance $31577
- Expected Family Contribution - 2500
= Need $29077
Types of Financial Aid
10
bullGift Aid - Grants or scholarships that do not need to be repaid
bullWork - Money earned by the student as payment for a job on or off campus
bullLoans - Borrowed money to be paid back usually with interest
Federal student loans are available to most students regardless of income and provide a range of repayment options including income-based repayment plans and loan forgiveness benefits which other education loans are not required to provide
Types of Aid Gift Aid
11
Scholarships
bull Awarded based on academic performance special talents and other factors
bull Generally replace loans
bull UC Admissions application also for scholarships
bull Utilize reputable private scholarship search tools
Grants
bull Awarded on the basis of demonstrated financial need
bull Do not need to be repaid (Federal State and University)
Covered 2014-15 system-wide fees ($12192) for California residents whose families earned less than $80000 a year and student qualified for financial aid
Qualified students must be in their first four
years of attendance (first two years for
transfer students)
Complete information available at wwwuniversityofcaliforniaedublueandgold
12
bull New program beginning in the 2014-15 academic year that provides undergraduate students with family incomes up to $150000 a scholarship to attend University of California (UC) or California State University (CSU) campuses
bull Students must meet the following requirements -Be a California resident attending a UC or CSU-Be a US citizen permanent resident or have AB 540 student status -Meet certain income and other financial aid standards-Maintain satisfactory academic progress-Not be in default on a student loan-Not be incarcerated
bull Must complete a 2014-15 Free Application for Federal Student Aid (FAFSA) or the California Dream Act Application
13
bull Families earning up to $100000 may be eligible for a scholarship of up to 40 of the mandatory system-wide tuition and fees
bull Maximum award amount is a lesser percentage of mandatory system-wide tuition and fees for each academic year (2014-15 at 14 2015-16 at 20 2016-17 at 30 and 2017-18 at 40)
bull Families earning between $100001 and $150000 may be eligible for a reduced scholarship of no less than 10 of the mandatory system-wide tuition and fees
bull Awards not set amounts and may vary by student and institution
bull Award is determined after you are awarded any federal Pell Grant Cal Grant and institutional need-based grants for which you are eligible
bull Final award amount will be based on the number of students eligible for the MCS statewide and the funding allocated by the State Budget
14
Types of Aid Scholarships
15
UC Merit-Based Regents Scholarship
Private Agencies Banks Parentrsquos Employment City
Scholarship Search EnginesCollegeboardorgCollegenet comFastwebcomFinaidorgCollegetoolkitcom
Types of Aid Grants
16
bull Federal Grants
-Pell Grant (maximum of $5730 for 2014-15)
-SEOG (Supplemental Educational Opportunity Grant)
bull State Grant
-Cal Grant ($12192 for 2014-15)
bull Institutional Grant
17
Types of Aid Cal Grants
bullCal Grant A Entitlement Awards ndash for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 30 family income and assets below the state ceilings who demonstrate financial need
bullCal Grant B Entitlement Awards ndash for high school seniors and recent high school grads with a GPA of at least 20 who come from disadvantaged or low income families whose family income and assets are below the state ceilings and who demonstrate financial need
bullCal Grant C Awards - for students from low income families pursuing vocational programs of study
18
To be eligible for a Cal Grant the student must
bull Be a US citizen or eligible noncitizen (or meet AB540 criteria)
bull Be a California resident when you graduate from high school (or meet AB540 criteria)
bull Attend an accredited California college or university at least half-time in 2014-15
Eligibility for Cal Grants
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
General Eligibility Criteria
Must be enrolled or accepted for enrollment in an eligible program of study
Must be pursuing a degree certificate or other recognized credential
Must be US Citizen eligible non-citizen or AB540 eligible (Dream Application)
Males must be registered with Selective Service
5
Who is the Dream Application for
The California Dream Act Application is for students who meet the qualifications of AB 540
An eligible AB 540 student is a student who
Attended a CA high school for 3+ years Graduated from a CA high school or the
equivalent Enrolls in an accredited CA college or
university In case of student without lawful immigration
status filed an affidavit with institution stating that heshe has filed an application to legalize status or will file as soon as he or she is eligible
6
Cost of Education
7
$0
$10000
$20000
$30000
$40000
$50000
$60000
CCC CSU UC Private
CCC Cost estimated for living at home
CSU UC Private Cost estimated for living on campus
- Varies depending on Institution -
UC Irvine Costs (2014-15)
The tuition fees and charges posted here are estimates based on currently approved amounts These figures may not be final Actual tuition fees and charges are subject to change by the Regents of the University of California
8
Commuter On Campus Off Campus
Tuition amp Fees $14577 $14577 $14577 Room amp Board $4643 $12638 $9335 Books amp Supplies $1732 $1732 $1732 Transportation $1640 $809 $1652 Personal Costs $2011 $1821 $1960
Total Costs $24603 $31577 $29256
bullYou have some control over costsbullBe cautious and budget
Determining Eligibility
9
bull A processed FAFSA results in an
Expected Family Contribution (EFC)
bull Costs minus EFC = Need
Cost of Attendance $31577
- Expected Family Contribution - 2500
= Need $29077
Types of Financial Aid
10
bullGift Aid - Grants or scholarships that do not need to be repaid
bullWork - Money earned by the student as payment for a job on or off campus
bullLoans - Borrowed money to be paid back usually with interest
Federal student loans are available to most students regardless of income and provide a range of repayment options including income-based repayment plans and loan forgiveness benefits which other education loans are not required to provide
Types of Aid Gift Aid
11
Scholarships
bull Awarded based on academic performance special talents and other factors
bull Generally replace loans
bull UC Admissions application also for scholarships
bull Utilize reputable private scholarship search tools
Grants
bull Awarded on the basis of demonstrated financial need
bull Do not need to be repaid (Federal State and University)
Covered 2014-15 system-wide fees ($12192) for California residents whose families earned less than $80000 a year and student qualified for financial aid
Qualified students must be in their first four
years of attendance (first two years for
transfer students)
Complete information available at wwwuniversityofcaliforniaedublueandgold
12
bull New program beginning in the 2014-15 academic year that provides undergraduate students with family incomes up to $150000 a scholarship to attend University of California (UC) or California State University (CSU) campuses
bull Students must meet the following requirements -Be a California resident attending a UC or CSU-Be a US citizen permanent resident or have AB 540 student status -Meet certain income and other financial aid standards-Maintain satisfactory academic progress-Not be in default on a student loan-Not be incarcerated
bull Must complete a 2014-15 Free Application for Federal Student Aid (FAFSA) or the California Dream Act Application
13
bull Families earning up to $100000 may be eligible for a scholarship of up to 40 of the mandatory system-wide tuition and fees
bull Maximum award amount is a lesser percentage of mandatory system-wide tuition and fees for each academic year (2014-15 at 14 2015-16 at 20 2016-17 at 30 and 2017-18 at 40)
bull Families earning between $100001 and $150000 may be eligible for a reduced scholarship of no less than 10 of the mandatory system-wide tuition and fees
bull Awards not set amounts and may vary by student and institution
bull Award is determined after you are awarded any federal Pell Grant Cal Grant and institutional need-based grants for which you are eligible
bull Final award amount will be based on the number of students eligible for the MCS statewide and the funding allocated by the State Budget
14
Types of Aid Scholarships
15
UC Merit-Based Regents Scholarship
Private Agencies Banks Parentrsquos Employment City
Scholarship Search EnginesCollegeboardorgCollegenet comFastwebcomFinaidorgCollegetoolkitcom
Types of Aid Grants
16
bull Federal Grants
-Pell Grant (maximum of $5730 for 2014-15)
-SEOG (Supplemental Educational Opportunity Grant)
bull State Grant
-Cal Grant ($12192 for 2014-15)
bull Institutional Grant
17
Types of Aid Cal Grants
bullCal Grant A Entitlement Awards ndash for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 30 family income and assets below the state ceilings who demonstrate financial need
bullCal Grant B Entitlement Awards ndash for high school seniors and recent high school grads with a GPA of at least 20 who come from disadvantaged or low income families whose family income and assets are below the state ceilings and who demonstrate financial need
bullCal Grant C Awards - for students from low income families pursuing vocational programs of study
18
To be eligible for a Cal Grant the student must
bull Be a US citizen or eligible noncitizen (or meet AB540 criteria)
bull Be a California resident when you graduate from high school (or meet AB540 criteria)
bull Attend an accredited California college or university at least half-time in 2014-15
Eligibility for Cal Grants
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Who is the Dream Application for
The California Dream Act Application is for students who meet the qualifications of AB 540
An eligible AB 540 student is a student who
Attended a CA high school for 3+ years Graduated from a CA high school or the
equivalent Enrolls in an accredited CA college or
university In case of student without lawful immigration
status filed an affidavit with institution stating that heshe has filed an application to legalize status or will file as soon as he or she is eligible
6
Cost of Education
7
$0
$10000
$20000
$30000
$40000
$50000
$60000
CCC CSU UC Private
CCC Cost estimated for living at home
CSU UC Private Cost estimated for living on campus
- Varies depending on Institution -
UC Irvine Costs (2014-15)
The tuition fees and charges posted here are estimates based on currently approved amounts These figures may not be final Actual tuition fees and charges are subject to change by the Regents of the University of California
8
Commuter On Campus Off Campus
Tuition amp Fees $14577 $14577 $14577 Room amp Board $4643 $12638 $9335 Books amp Supplies $1732 $1732 $1732 Transportation $1640 $809 $1652 Personal Costs $2011 $1821 $1960
Total Costs $24603 $31577 $29256
bullYou have some control over costsbullBe cautious and budget
Determining Eligibility
9
bull A processed FAFSA results in an
Expected Family Contribution (EFC)
bull Costs minus EFC = Need
Cost of Attendance $31577
- Expected Family Contribution - 2500
= Need $29077
Types of Financial Aid
10
bullGift Aid - Grants or scholarships that do not need to be repaid
bullWork - Money earned by the student as payment for a job on or off campus
bullLoans - Borrowed money to be paid back usually with interest
Federal student loans are available to most students regardless of income and provide a range of repayment options including income-based repayment plans and loan forgiveness benefits which other education loans are not required to provide
Types of Aid Gift Aid
11
Scholarships
bull Awarded based on academic performance special talents and other factors
bull Generally replace loans
bull UC Admissions application also for scholarships
bull Utilize reputable private scholarship search tools
Grants
bull Awarded on the basis of demonstrated financial need
bull Do not need to be repaid (Federal State and University)
Covered 2014-15 system-wide fees ($12192) for California residents whose families earned less than $80000 a year and student qualified for financial aid
Qualified students must be in their first four
years of attendance (first two years for
transfer students)
Complete information available at wwwuniversityofcaliforniaedublueandgold
12
bull New program beginning in the 2014-15 academic year that provides undergraduate students with family incomes up to $150000 a scholarship to attend University of California (UC) or California State University (CSU) campuses
bull Students must meet the following requirements -Be a California resident attending a UC or CSU-Be a US citizen permanent resident or have AB 540 student status -Meet certain income and other financial aid standards-Maintain satisfactory academic progress-Not be in default on a student loan-Not be incarcerated
bull Must complete a 2014-15 Free Application for Federal Student Aid (FAFSA) or the California Dream Act Application
13
bull Families earning up to $100000 may be eligible for a scholarship of up to 40 of the mandatory system-wide tuition and fees
bull Maximum award amount is a lesser percentage of mandatory system-wide tuition and fees for each academic year (2014-15 at 14 2015-16 at 20 2016-17 at 30 and 2017-18 at 40)
bull Families earning between $100001 and $150000 may be eligible for a reduced scholarship of no less than 10 of the mandatory system-wide tuition and fees
bull Awards not set amounts and may vary by student and institution
bull Award is determined after you are awarded any federal Pell Grant Cal Grant and institutional need-based grants for which you are eligible
bull Final award amount will be based on the number of students eligible for the MCS statewide and the funding allocated by the State Budget
14
Types of Aid Scholarships
15
UC Merit-Based Regents Scholarship
Private Agencies Banks Parentrsquos Employment City
Scholarship Search EnginesCollegeboardorgCollegenet comFastwebcomFinaidorgCollegetoolkitcom
Types of Aid Grants
16
bull Federal Grants
-Pell Grant (maximum of $5730 for 2014-15)
-SEOG (Supplemental Educational Opportunity Grant)
bull State Grant
-Cal Grant ($12192 for 2014-15)
bull Institutional Grant
17
Types of Aid Cal Grants
bullCal Grant A Entitlement Awards ndash for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 30 family income and assets below the state ceilings who demonstrate financial need
bullCal Grant B Entitlement Awards ndash for high school seniors and recent high school grads with a GPA of at least 20 who come from disadvantaged or low income families whose family income and assets are below the state ceilings and who demonstrate financial need
bullCal Grant C Awards - for students from low income families pursuing vocational programs of study
18
To be eligible for a Cal Grant the student must
bull Be a US citizen or eligible noncitizen (or meet AB540 criteria)
bull Be a California resident when you graduate from high school (or meet AB540 criteria)
bull Attend an accredited California college or university at least half-time in 2014-15
Eligibility for Cal Grants
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Cost of Education
7
$0
$10000
$20000
$30000
$40000
$50000
$60000
CCC CSU UC Private
CCC Cost estimated for living at home
CSU UC Private Cost estimated for living on campus
- Varies depending on Institution -
UC Irvine Costs (2014-15)
The tuition fees and charges posted here are estimates based on currently approved amounts These figures may not be final Actual tuition fees and charges are subject to change by the Regents of the University of California
8
Commuter On Campus Off Campus
Tuition amp Fees $14577 $14577 $14577 Room amp Board $4643 $12638 $9335 Books amp Supplies $1732 $1732 $1732 Transportation $1640 $809 $1652 Personal Costs $2011 $1821 $1960
Total Costs $24603 $31577 $29256
bullYou have some control over costsbullBe cautious and budget
Determining Eligibility
9
bull A processed FAFSA results in an
Expected Family Contribution (EFC)
bull Costs minus EFC = Need
Cost of Attendance $31577
- Expected Family Contribution - 2500
= Need $29077
Types of Financial Aid
10
bullGift Aid - Grants or scholarships that do not need to be repaid
bullWork - Money earned by the student as payment for a job on or off campus
bullLoans - Borrowed money to be paid back usually with interest
Federal student loans are available to most students regardless of income and provide a range of repayment options including income-based repayment plans and loan forgiveness benefits which other education loans are not required to provide
Types of Aid Gift Aid
11
Scholarships
bull Awarded based on academic performance special talents and other factors
bull Generally replace loans
bull UC Admissions application also for scholarships
bull Utilize reputable private scholarship search tools
Grants
bull Awarded on the basis of demonstrated financial need
bull Do not need to be repaid (Federal State and University)
Covered 2014-15 system-wide fees ($12192) for California residents whose families earned less than $80000 a year and student qualified for financial aid
Qualified students must be in their first four
years of attendance (first two years for
transfer students)
Complete information available at wwwuniversityofcaliforniaedublueandgold
12
bull New program beginning in the 2014-15 academic year that provides undergraduate students with family incomes up to $150000 a scholarship to attend University of California (UC) or California State University (CSU) campuses
bull Students must meet the following requirements -Be a California resident attending a UC or CSU-Be a US citizen permanent resident or have AB 540 student status -Meet certain income and other financial aid standards-Maintain satisfactory academic progress-Not be in default on a student loan-Not be incarcerated
bull Must complete a 2014-15 Free Application for Federal Student Aid (FAFSA) or the California Dream Act Application
13
bull Families earning up to $100000 may be eligible for a scholarship of up to 40 of the mandatory system-wide tuition and fees
bull Maximum award amount is a lesser percentage of mandatory system-wide tuition and fees for each academic year (2014-15 at 14 2015-16 at 20 2016-17 at 30 and 2017-18 at 40)
bull Families earning between $100001 and $150000 may be eligible for a reduced scholarship of no less than 10 of the mandatory system-wide tuition and fees
bull Awards not set amounts and may vary by student and institution
bull Award is determined after you are awarded any federal Pell Grant Cal Grant and institutional need-based grants for which you are eligible
bull Final award amount will be based on the number of students eligible for the MCS statewide and the funding allocated by the State Budget
14
Types of Aid Scholarships
15
UC Merit-Based Regents Scholarship
Private Agencies Banks Parentrsquos Employment City
Scholarship Search EnginesCollegeboardorgCollegenet comFastwebcomFinaidorgCollegetoolkitcom
Types of Aid Grants
16
bull Federal Grants
-Pell Grant (maximum of $5730 for 2014-15)
-SEOG (Supplemental Educational Opportunity Grant)
bull State Grant
-Cal Grant ($12192 for 2014-15)
bull Institutional Grant
17
Types of Aid Cal Grants
bullCal Grant A Entitlement Awards ndash for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 30 family income and assets below the state ceilings who demonstrate financial need
bullCal Grant B Entitlement Awards ndash for high school seniors and recent high school grads with a GPA of at least 20 who come from disadvantaged or low income families whose family income and assets are below the state ceilings and who demonstrate financial need
bullCal Grant C Awards - for students from low income families pursuing vocational programs of study
18
To be eligible for a Cal Grant the student must
bull Be a US citizen or eligible noncitizen (or meet AB540 criteria)
bull Be a California resident when you graduate from high school (or meet AB540 criteria)
bull Attend an accredited California college or university at least half-time in 2014-15
Eligibility for Cal Grants
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
UC Irvine Costs (2014-15)
The tuition fees and charges posted here are estimates based on currently approved amounts These figures may not be final Actual tuition fees and charges are subject to change by the Regents of the University of California
8
Commuter On Campus Off Campus
Tuition amp Fees $14577 $14577 $14577 Room amp Board $4643 $12638 $9335 Books amp Supplies $1732 $1732 $1732 Transportation $1640 $809 $1652 Personal Costs $2011 $1821 $1960
Total Costs $24603 $31577 $29256
bullYou have some control over costsbullBe cautious and budget
Determining Eligibility
9
bull A processed FAFSA results in an
Expected Family Contribution (EFC)
bull Costs minus EFC = Need
Cost of Attendance $31577
- Expected Family Contribution - 2500
= Need $29077
Types of Financial Aid
10
bullGift Aid - Grants or scholarships that do not need to be repaid
bullWork - Money earned by the student as payment for a job on or off campus
bullLoans - Borrowed money to be paid back usually with interest
Federal student loans are available to most students regardless of income and provide a range of repayment options including income-based repayment plans and loan forgiveness benefits which other education loans are not required to provide
Types of Aid Gift Aid
11
Scholarships
bull Awarded based on academic performance special talents and other factors
bull Generally replace loans
bull UC Admissions application also for scholarships
bull Utilize reputable private scholarship search tools
Grants
bull Awarded on the basis of demonstrated financial need
bull Do not need to be repaid (Federal State and University)
Covered 2014-15 system-wide fees ($12192) for California residents whose families earned less than $80000 a year and student qualified for financial aid
Qualified students must be in their first four
years of attendance (first two years for
transfer students)
Complete information available at wwwuniversityofcaliforniaedublueandgold
12
bull New program beginning in the 2014-15 academic year that provides undergraduate students with family incomes up to $150000 a scholarship to attend University of California (UC) or California State University (CSU) campuses
bull Students must meet the following requirements -Be a California resident attending a UC or CSU-Be a US citizen permanent resident or have AB 540 student status -Meet certain income and other financial aid standards-Maintain satisfactory academic progress-Not be in default on a student loan-Not be incarcerated
bull Must complete a 2014-15 Free Application for Federal Student Aid (FAFSA) or the California Dream Act Application
13
bull Families earning up to $100000 may be eligible for a scholarship of up to 40 of the mandatory system-wide tuition and fees
bull Maximum award amount is a lesser percentage of mandatory system-wide tuition and fees for each academic year (2014-15 at 14 2015-16 at 20 2016-17 at 30 and 2017-18 at 40)
bull Families earning between $100001 and $150000 may be eligible for a reduced scholarship of no less than 10 of the mandatory system-wide tuition and fees
bull Awards not set amounts and may vary by student and institution
bull Award is determined after you are awarded any federal Pell Grant Cal Grant and institutional need-based grants for which you are eligible
bull Final award amount will be based on the number of students eligible for the MCS statewide and the funding allocated by the State Budget
14
Types of Aid Scholarships
15
UC Merit-Based Regents Scholarship
Private Agencies Banks Parentrsquos Employment City
Scholarship Search EnginesCollegeboardorgCollegenet comFastwebcomFinaidorgCollegetoolkitcom
Types of Aid Grants
16
bull Federal Grants
-Pell Grant (maximum of $5730 for 2014-15)
-SEOG (Supplemental Educational Opportunity Grant)
bull State Grant
-Cal Grant ($12192 for 2014-15)
bull Institutional Grant
17
Types of Aid Cal Grants
bullCal Grant A Entitlement Awards ndash for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 30 family income and assets below the state ceilings who demonstrate financial need
bullCal Grant B Entitlement Awards ndash for high school seniors and recent high school grads with a GPA of at least 20 who come from disadvantaged or low income families whose family income and assets are below the state ceilings and who demonstrate financial need
bullCal Grant C Awards - for students from low income families pursuing vocational programs of study
18
To be eligible for a Cal Grant the student must
bull Be a US citizen or eligible noncitizen (or meet AB540 criteria)
bull Be a California resident when you graduate from high school (or meet AB540 criteria)
bull Attend an accredited California college or university at least half-time in 2014-15
Eligibility for Cal Grants
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Determining Eligibility
9
bull A processed FAFSA results in an
Expected Family Contribution (EFC)
bull Costs minus EFC = Need
Cost of Attendance $31577
- Expected Family Contribution - 2500
= Need $29077
Types of Financial Aid
10
bullGift Aid - Grants or scholarships that do not need to be repaid
bullWork - Money earned by the student as payment for a job on or off campus
bullLoans - Borrowed money to be paid back usually with interest
Federal student loans are available to most students regardless of income and provide a range of repayment options including income-based repayment plans and loan forgiveness benefits which other education loans are not required to provide
Types of Aid Gift Aid
11
Scholarships
bull Awarded based on academic performance special talents and other factors
bull Generally replace loans
bull UC Admissions application also for scholarships
bull Utilize reputable private scholarship search tools
Grants
bull Awarded on the basis of demonstrated financial need
bull Do not need to be repaid (Federal State and University)
Covered 2014-15 system-wide fees ($12192) for California residents whose families earned less than $80000 a year and student qualified for financial aid
Qualified students must be in their first four
years of attendance (first two years for
transfer students)
Complete information available at wwwuniversityofcaliforniaedublueandgold
12
bull New program beginning in the 2014-15 academic year that provides undergraduate students with family incomes up to $150000 a scholarship to attend University of California (UC) or California State University (CSU) campuses
bull Students must meet the following requirements -Be a California resident attending a UC or CSU-Be a US citizen permanent resident or have AB 540 student status -Meet certain income and other financial aid standards-Maintain satisfactory academic progress-Not be in default on a student loan-Not be incarcerated
bull Must complete a 2014-15 Free Application for Federal Student Aid (FAFSA) or the California Dream Act Application
13
bull Families earning up to $100000 may be eligible for a scholarship of up to 40 of the mandatory system-wide tuition and fees
bull Maximum award amount is a lesser percentage of mandatory system-wide tuition and fees for each academic year (2014-15 at 14 2015-16 at 20 2016-17 at 30 and 2017-18 at 40)
bull Families earning between $100001 and $150000 may be eligible for a reduced scholarship of no less than 10 of the mandatory system-wide tuition and fees
bull Awards not set amounts and may vary by student and institution
bull Award is determined after you are awarded any federal Pell Grant Cal Grant and institutional need-based grants for which you are eligible
bull Final award amount will be based on the number of students eligible for the MCS statewide and the funding allocated by the State Budget
14
Types of Aid Scholarships
15
UC Merit-Based Regents Scholarship
Private Agencies Banks Parentrsquos Employment City
Scholarship Search EnginesCollegeboardorgCollegenet comFastwebcomFinaidorgCollegetoolkitcom
Types of Aid Grants
16
bull Federal Grants
-Pell Grant (maximum of $5730 for 2014-15)
-SEOG (Supplemental Educational Opportunity Grant)
bull State Grant
-Cal Grant ($12192 for 2014-15)
bull Institutional Grant
17
Types of Aid Cal Grants
bullCal Grant A Entitlement Awards ndash for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 30 family income and assets below the state ceilings who demonstrate financial need
bullCal Grant B Entitlement Awards ndash for high school seniors and recent high school grads with a GPA of at least 20 who come from disadvantaged or low income families whose family income and assets are below the state ceilings and who demonstrate financial need
bullCal Grant C Awards - for students from low income families pursuing vocational programs of study
18
To be eligible for a Cal Grant the student must
bull Be a US citizen or eligible noncitizen (or meet AB540 criteria)
bull Be a California resident when you graduate from high school (or meet AB540 criteria)
bull Attend an accredited California college or university at least half-time in 2014-15
Eligibility for Cal Grants
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Types of Financial Aid
10
bullGift Aid - Grants or scholarships that do not need to be repaid
bullWork - Money earned by the student as payment for a job on or off campus
bullLoans - Borrowed money to be paid back usually with interest
Federal student loans are available to most students regardless of income and provide a range of repayment options including income-based repayment plans and loan forgiveness benefits which other education loans are not required to provide
Types of Aid Gift Aid
11
Scholarships
bull Awarded based on academic performance special talents and other factors
bull Generally replace loans
bull UC Admissions application also for scholarships
bull Utilize reputable private scholarship search tools
Grants
bull Awarded on the basis of demonstrated financial need
bull Do not need to be repaid (Federal State and University)
Covered 2014-15 system-wide fees ($12192) for California residents whose families earned less than $80000 a year and student qualified for financial aid
Qualified students must be in their first four
years of attendance (first two years for
transfer students)
Complete information available at wwwuniversityofcaliforniaedublueandgold
12
bull New program beginning in the 2014-15 academic year that provides undergraduate students with family incomes up to $150000 a scholarship to attend University of California (UC) or California State University (CSU) campuses
bull Students must meet the following requirements -Be a California resident attending a UC or CSU-Be a US citizen permanent resident or have AB 540 student status -Meet certain income and other financial aid standards-Maintain satisfactory academic progress-Not be in default on a student loan-Not be incarcerated
bull Must complete a 2014-15 Free Application for Federal Student Aid (FAFSA) or the California Dream Act Application
13
bull Families earning up to $100000 may be eligible for a scholarship of up to 40 of the mandatory system-wide tuition and fees
bull Maximum award amount is a lesser percentage of mandatory system-wide tuition and fees for each academic year (2014-15 at 14 2015-16 at 20 2016-17 at 30 and 2017-18 at 40)
bull Families earning between $100001 and $150000 may be eligible for a reduced scholarship of no less than 10 of the mandatory system-wide tuition and fees
bull Awards not set amounts and may vary by student and institution
bull Award is determined after you are awarded any federal Pell Grant Cal Grant and institutional need-based grants for which you are eligible
bull Final award amount will be based on the number of students eligible for the MCS statewide and the funding allocated by the State Budget
14
Types of Aid Scholarships
15
UC Merit-Based Regents Scholarship
Private Agencies Banks Parentrsquos Employment City
Scholarship Search EnginesCollegeboardorgCollegenet comFastwebcomFinaidorgCollegetoolkitcom
Types of Aid Grants
16
bull Federal Grants
-Pell Grant (maximum of $5730 for 2014-15)
-SEOG (Supplemental Educational Opportunity Grant)
bull State Grant
-Cal Grant ($12192 for 2014-15)
bull Institutional Grant
17
Types of Aid Cal Grants
bullCal Grant A Entitlement Awards ndash for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 30 family income and assets below the state ceilings who demonstrate financial need
bullCal Grant B Entitlement Awards ndash for high school seniors and recent high school grads with a GPA of at least 20 who come from disadvantaged or low income families whose family income and assets are below the state ceilings and who demonstrate financial need
bullCal Grant C Awards - for students from low income families pursuing vocational programs of study
18
To be eligible for a Cal Grant the student must
bull Be a US citizen or eligible noncitizen (or meet AB540 criteria)
bull Be a California resident when you graduate from high school (or meet AB540 criteria)
bull Attend an accredited California college or university at least half-time in 2014-15
Eligibility for Cal Grants
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Types of Aid Gift Aid
11
Scholarships
bull Awarded based on academic performance special talents and other factors
bull Generally replace loans
bull UC Admissions application also for scholarships
bull Utilize reputable private scholarship search tools
Grants
bull Awarded on the basis of demonstrated financial need
bull Do not need to be repaid (Federal State and University)
Covered 2014-15 system-wide fees ($12192) for California residents whose families earned less than $80000 a year and student qualified for financial aid
Qualified students must be in their first four
years of attendance (first two years for
transfer students)
Complete information available at wwwuniversityofcaliforniaedublueandgold
12
bull New program beginning in the 2014-15 academic year that provides undergraduate students with family incomes up to $150000 a scholarship to attend University of California (UC) or California State University (CSU) campuses
bull Students must meet the following requirements -Be a California resident attending a UC or CSU-Be a US citizen permanent resident or have AB 540 student status -Meet certain income and other financial aid standards-Maintain satisfactory academic progress-Not be in default on a student loan-Not be incarcerated
bull Must complete a 2014-15 Free Application for Federal Student Aid (FAFSA) or the California Dream Act Application
13
bull Families earning up to $100000 may be eligible for a scholarship of up to 40 of the mandatory system-wide tuition and fees
bull Maximum award amount is a lesser percentage of mandatory system-wide tuition and fees for each academic year (2014-15 at 14 2015-16 at 20 2016-17 at 30 and 2017-18 at 40)
bull Families earning between $100001 and $150000 may be eligible for a reduced scholarship of no less than 10 of the mandatory system-wide tuition and fees
bull Awards not set amounts and may vary by student and institution
bull Award is determined after you are awarded any federal Pell Grant Cal Grant and institutional need-based grants for which you are eligible
bull Final award amount will be based on the number of students eligible for the MCS statewide and the funding allocated by the State Budget
14
Types of Aid Scholarships
15
UC Merit-Based Regents Scholarship
Private Agencies Banks Parentrsquos Employment City
Scholarship Search EnginesCollegeboardorgCollegenet comFastwebcomFinaidorgCollegetoolkitcom
Types of Aid Grants
16
bull Federal Grants
-Pell Grant (maximum of $5730 for 2014-15)
-SEOG (Supplemental Educational Opportunity Grant)
bull State Grant
-Cal Grant ($12192 for 2014-15)
bull Institutional Grant
17
Types of Aid Cal Grants
bullCal Grant A Entitlement Awards ndash for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 30 family income and assets below the state ceilings who demonstrate financial need
bullCal Grant B Entitlement Awards ndash for high school seniors and recent high school grads with a GPA of at least 20 who come from disadvantaged or low income families whose family income and assets are below the state ceilings and who demonstrate financial need
bullCal Grant C Awards - for students from low income families pursuing vocational programs of study
18
To be eligible for a Cal Grant the student must
bull Be a US citizen or eligible noncitizen (or meet AB540 criteria)
bull Be a California resident when you graduate from high school (or meet AB540 criteria)
bull Attend an accredited California college or university at least half-time in 2014-15
Eligibility for Cal Grants
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Covered 2014-15 system-wide fees ($12192) for California residents whose families earned less than $80000 a year and student qualified for financial aid
Qualified students must be in their first four
years of attendance (first two years for
transfer students)
Complete information available at wwwuniversityofcaliforniaedublueandgold
12
bull New program beginning in the 2014-15 academic year that provides undergraduate students with family incomes up to $150000 a scholarship to attend University of California (UC) or California State University (CSU) campuses
bull Students must meet the following requirements -Be a California resident attending a UC or CSU-Be a US citizen permanent resident or have AB 540 student status -Meet certain income and other financial aid standards-Maintain satisfactory academic progress-Not be in default on a student loan-Not be incarcerated
bull Must complete a 2014-15 Free Application for Federal Student Aid (FAFSA) or the California Dream Act Application
13
bull Families earning up to $100000 may be eligible for a scholarship of up to 40 of the mandatory system-wide tuition and fees
bull Maximum award amount is a lesser percentage of mandatory system-wide tuition and fees for each academic year (2014-15 at 14 2015-16 at 20 2016-17 at 30 and 2017-18 at 40)
bull Families earning between $100001 and $150000 may be eligible for a reduced scholarship of no less than 10 of the mandatory system-wide tuition and fees
bull Awards not set amounts and may vary by student and institution
bull Award is determined after you are awarded any federal Pell Grant Cal Grant and institutional need-based grants for which you are eligible
bull Final award amount will be based on the number of students eligible for the MCS statewide and the funding allocated by the State Budget
14
Types of Aid Scholarships
15
UC Merit-Based Regents Scholarship
Private Agencies Banks Parentrsquos Employment City
Scholarship Search EnginesCollegeboardorgCollegenet comFastwebcomFinaidorgCollegetoolkitcom
Types of Aid Grants
16
bull Federal Grants
-Pell Grant (maximum of $5730 for 2014-15)
-SEOG (Supplemental Educational Opportunity Grant)
bull State Grant
-Cal Grant ($12192 for 2014-15)
bull Institutional Grant
17
Types of Aid Cal Grants
bullCal Grant A Entitlement Awards ndash for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 30 family income and assets below the state ceilings who demonstrate financial need
bullCal Grant B Entitlement Awards ndash for high school seniors and recent high school grads with a GPA of at least 20 who come from disadvantaged or low income families whose family income and assets are below the state ceilings and who demonstrate financial need
bullCal Grant C Awards - for students from low income families pursuing vocational programs of study
18
To be eligible for a Cal Grant the student must
bull Be a US citizen or eligible noncitizen (or meet AB540 criteria)
bull Be a California resident when you graduate from high school (or meet AB540 criteria)
bull Attend an accredited California college or university at least half-time in 2014-15
Eligibility for Cal Grants
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
bull New program beginning in the 2014-15 academic year that provides undergraduate students with family incomes up to $150000 a scholarship to attend University of California (UC) or California State University (CSU) campuses
bull Students must meet the following requirements -Be a California resident attending a UC or CSU-Be a US citizen permanent resident or have AB 540 student status -Meet certain income and other financial aid standards-Maintain satisfactory academic progress-Not be in default on a student loan-Not be incarcerated
bull Must complete a 2014-15 Free Application for Federal Student Aid (FAFSA) or the California Dream Act Application
13
bull Families earning up to $100000 may be eligible for a scholarship of up to 40 of the mandatory system-wide tuition and fees
bull Maximum award amount is a lesser percentage of mandatory system-wide tuition and fees for each academic year (2014-15 at 14 2015-16 at 20 2016-17 at 30 and 2017-18 at 40)
bull Families earning between $100001 and $150000 may be eligible for a reduced scholarship of no less than 10 of the mandatory system-wide tuition and fees
bull Awards not set amounts and may vary by student and institution
bull Award is determined after you are awarded any federal Pell Grant Cal Grant and institutional need-based grants for which you are eligible
bull Final award amount will be based on the number of students eligible for the MCS statewide and the funding allocated by the State Budget
14
Types of Aid Scholarships
15
UC Merit-Based Regents Scholarship
Private Agencies Banks Parentrsquos Employment City
Scholarship Search EnginesCollegeboardorgCollegenet comFastwebcomFinaidorgCollegetoolkitcom
Types of Aid Grants
16
bull Federal Grants
-Pell Grant (maximum of $5730 for 2014-15)
-SEOG (Supplemental Educational Opportunity Grant)
bull State Grant
-Cal Grant ($12192 for 2014-15)
bull Institutional Grant
17
Types of Aid Cal Grants
bullCal Grant A Entitlement Awards ndash for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 30 family income and assets below the state ceilings who demonstrate financial need
bullCal Grant B Entitlement Awards ndash for high school seniors and recent high school grads with a GPA of at least 20 who come from disadvantaged or low income families whose family income and assets are below the state ceilings and who demonstrate financial need
bullCal Grant C Awards - for students from low income families pursuing vocational programs of study
18
To be eligible for a Cal Grant the student must
bull Be a US citizen or eligible noncitizen (or meet AB540 criteria)
bull Be a California resident when you graduate from high school (or meet AB540 criteria)
bull Attend an accredited California college or university at least half-time in 2014-15
Eligibility for Cal Grants
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
bull Families earning up to $100000 may be eligible for a scholarship of up to 40 of the mandatory system-wide tuition and fees
bull Maximum award amount is a lesser percentage of mandatory system-wide tuition and fees for each academic year (2014-15 at 14 2015-16 at 20 2016-17 at 30 and 2017-18 at 40)
bull Families earning between $100001 and $150000 may be eligible for a reduced scholarship of no less than 10 of the mandatory system-wide tuition and fees
bull Awards not set amounts and may vary by student and institution
bull Award is determined after you are awarded any federal Pell Grant Cal Grant and institutional need-based grants for which you are eligible
bull Final award amount will be based on the number of students eligible for the MCS statewide and the funding allocated by the State Budget
14
Types of Aid Scholarships
15
UC Merit-Based Regents Scholarship
Private Agencies Banks Parentrsquos Employment City
Scholarship Search EnginesCollegeboardorgCollegenet comFastwebcomFinaidorgCollegetoolkitcom
Types of Aid Grants
16
bull Federal Grants
-Pell Grant (maximum of $5730 for 2014-15)
-SEOG (Supplemental Educational Opportunity Grant)
bull State Grant
-Cal Grant ($12192 for 2014-15)
bull Institutional Grant
17
Types of Aid Cal Grants
bullCal Grant A Entitlement Awards ndash for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 30 family income and assets below the state ceilings who demonstrate financial need
bullCal Grant B Entitlement Awards ndash for high school seniors and recent high school grads with a GPA of at least 20 who come from disadvantaged or low income families whose family income and assets are below the state ceilings and who demonstrate financial need
bullCal Grant C Awards - for students from low income families pursuing vocational programs of study
18
To be eligible for a Cal Grant the student must
bull Be a US citizen or eligible noncitizen (or meet AB540 criteria)
bull Be a California resident when you graduate from high school (or meet AB540 criteria)
bull Attend an accredited California college or university at least half-time in 2014-15
Eligibility for Cal Grants
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Types of Aid Scholarships
15
UC Merit-Based Regents Scholarship
Private Agencies Banks Parentrsquos Employment City
Scholarship Search EnginesCollegeboardorgCollegenet comFastwebcomFinaidorgCollegetoolkitcom
Types of Aid Grants
16
bull Federal Grants
-Pell Grant (maximum of $5730 for 2014-15)
-SEOG (Supplemental Educational Opportunity Grant)
bull State Grant
-Cal Grant ($12192 for 2014-15)
bull Institutional Grant
17
Types of Aid Cal Grants
bullCal Grant A Entitlement Awards ndash for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 30 family income and assets below the state ceilings who demonstrate financial need
bullCal Grant B Entitlement Awards ndash for high school seniors and recent high school grads with a GPA of at least 20 who come from disadvantaged or low income families whose family income and assets are below the state ceilings and who demonstrate financial need
bullCal Grant C Awards - for students from low income families pursuing vocational programs of study
18
To be eligible for a Cal Grant the student must
bull Be a US citizen or eligible noncitizen (or meet AB540 criteria)
bull Be a California resident when you graduate from high school (or meet AB540 criteria)
bull Attend an accredited California college or university at least half-time in 2014-15
Eligibility for Cal Grants
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Types of Aid Grants
16
bull Federal Grants
-Pell Grant (maximum of $5730 for 2014-15)
-SEOG (Supplemental Educational Opportunity Grant)
bull State Grant
-Cal Grant ($12192 for 2014-15)
bull Institutional Grant
17
Types of Aid Cal Grants
bullCal Grant A Entitlement Awards ndash for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 30 family income and assets below the state ceilings who demonstrate financial need
bullCal Grant B Entitlement Awards ndash for high school seniors and recent high school grads with a GPA of at least 20 who come from disadvantaged or low income families whose family income and assets are below the state ceilings and who demonstrate financial need
bullCal Grant C Awards - for students from low income families pursuing vocational programs of study
18
To be eligible for a Cal Grant the student must
bull Be a US citizen or eligible noncitizen (or meet AB540 criteria)
bull Be a California resident when you graduate from high school (or meet AB540 criteria)
bull Attend an accredited California college or university at least half-time in 2014-15
Eligibility for Cal Grants
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
17
Types of Aid Cal Grants
bullCal Grant A Entitlement Awards ndash for high school seniors and recent high school grads with a Grade Point Average (GPA) of at least 30 family income and assets below the state ceilings who demonstrate financial need
bullCal Grant B Entitlement Awards ndash for high school seniors and recent high school grads with a GPA of at least 20 who come from disadvantaged or low income families whose family income and assets are below the state ceilings and who demonstrate financial need
bullCal Grant C Awards - for students from low income families pursuing vocational programs of study
18
To be eligible for a Cal Grant the student must
bull Be a US citizen or eligible noncitizen (or meet AB540 criteria)
bull Be a California resident when you graduate from high school (or meet AB540 criteria)
bull Attend an accredited California college or university at least half-time in 2014-15
Eligibility for Cal Grants
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
18
To be eligible for a Cal Grant the student must
bull Be a US citizen or eligible noncitizen (or meet AB540 criteria)
bull Be a California resident when you graduate from high school (or meet AB540 criteria)
bull Attend an accredited California college or university at least half-time in 2014-15
Eligibility for Cal Grants
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
19
2014-15 Cal Grant Income and Asset Ceilings
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Types of Aid Loans and Work
21
Loans
bull Require repayment
bull Offered to most students
bull Offset by scholarships
Work Study
bull Provides opportunity for employment while enrolled
bull Work study not required to work on campus
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Stafford loans
Federal Direct Loan Program
Subsidized Interest Rate 466 for 2014-15
Unsubsidized Interest Rate 466 for 2014-15
Types of Aid Federal Loans
22
Annual Limits Subsidized
Dependent Students
Independent Students
Dependent Students
Independent Students
Freshman $3500 $2000 $6000 $5500 $9500
Sophomore $4500 $2000 $6000 $6500 $10500
JuniorSenior $5500 $2000 $7000 $7500 $12500
Additional Unsub Combined Sub amp Unsub
In addition to any unused subsidized eligibility
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Types of Financial Aid Applications
23
bullFAFSAbullCal Grant GPA Verification FormbullOther applicationsforms as required by
the college such as
-CSSFinancial Aid PROFILE-Institutional Scholarship andor Financial
Aid Application-2013 federal tax information or other income
documentation
If you meet AB540 criteria and you are not eligible tofile a FAFSA complete a California Dream Application insteadwwwcsaccagovdream_actasp
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Getting Ready to Complete the FAFSA
24
bull Before starting the FAFSA gather Student driverrsquos license
Student Alien Registration Card
Student and Parent
bull Social Security cards
bull 2013 W-2 Forms and records of money earned and other
bull taxable benefits
bull 2013 federal income tax form (even if not yet completed)
bull Records of untaxed income
bull Current bank statements
bull Business farm and other real estate records
bull Records of stocks bonds and other investments
Create a file for copies of all financial aid documents submitted
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
FAFSA on the Web Worksheet
25
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Federal PIN
27
bull PIN (Personal Identification Number) serves as the electronic signature on ED documents
bull Both student and one parent need PINs to sign the FAFSA electronically
bull May be used to
bull Check on FAFSA status
bull Verify and correct FAFSA data
bull Add additional schools to receive FAFSA data
bull Change home and e-mail addresses
bull If an e-mail address is provided PIN will be e-mailed to the PIN applicant within minutes
Apply for student and parent PINs at
wwwpinedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Determination of Student Dependency Status
28
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Parent Information
29
Who is considered a parent
bull Biological or adoptive parent(s)
bull In case of divorce or separation provide information about the parent andor stepparent the student lived with more in the last 12 months
bull Stepparent (regardless of any prenuptial agreements)
bull If your parents are unmarried but living together you are required to provide both parents on your application
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
1) Enter your PIN and click Link To IRS
(You will not be asked to enter your PIN if you entered a PIN to begin your FAFSA)
2) Your FAFSA will be saved and you will be transferred to the IRS Web site
3) On the IRS Web site enter the requested information
4) Once the IRS has validated your identification your IRS tax information will display You can either transfer your information from the IRS or choose to return to FAFSA on the Web from the IRS Web site
5) If you transfer your IRS tax information questions that are populated with tax information will be marked with ldquoTransferred from the IRSrdquo
Using the IRS Data Retrieval Tool (DRT)
30
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Parent Cash Savings and Checking
31
bull Some parents may be asked to report the current balances of their cash savings and checking accounts as of the day they complete the FAFSA
bull They may also be asked to provide information about the net value of their investments such as real estate rental property money market and mutual funds stocks bonds and other securities
bull In addition they may be asked questions about the net value of their businesses and investment farms
bull They should not include the home in which they live the value of life insurance and retirement plans or the value of a family-owned and controlled small business
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Impact of Section 529 Plans
32
College Savings Plans are more flexible but with no lock on tuition rates and do not offer a guarantee Investments are subject to market conditions and the savings may not be sufficient to cover all college costs However with this added risk comes to opportunity for potentially earning greater returns
bull Reported on the FAFSA as an asset of the account owner which is typically the parent
bull Treated as an asset of the account owner and so have a low impact on financial aid eligibility
bull Distributions have no impact on financial aid eligibility
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Student Aid Report (SAR)
34
bullAfter the student completes the FAFSA on the Web a SAR will be sent to the student
bullAn electronic SAR Acknowledgment will be sent if student provides an email addressbullA paper SAR will be mailed if no student e-mail address is provided
bullAn electronic copy of the data will be sent to each college or university listed by the student in Section 1
bullKeep a copy of the SAR with other financial aid documents
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
Special Circumstances
35
bull Contact the Financial Aid Office if there are circumstances which affect a familyrsquos ability to pay for college such as
bull Loss or reduction in parent or student income or assets
bull Death or serious illness
bull Natural disasters affecting parent income or assets such as the recent California wild fires floods or mudslides
bull Unusual medical or dental expenses not covered by insurance
bull Reduction in child support Social Security benefits or other untaxed benefit
bull Financial responsibility for elderly grandparents
bull Any other unusual circumstances that affect a familyrsquos ability to contribute to higher education
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov
California Student Aid Commission (CSAC)
wwwcsaccagov
Cal Grant Information
1-888-224-7268
Helpful Resources
36
Federal Pin for Electronic FAFSA wwwpinedgov
Electronic FAFSA
wwwfafsagov
General Questions to US Dept of Ed and FAFSA Processing
Issues
1-800-433-3243
wwwedgov