FAFSA Fundamentals 2019 2020 Financial Aid Money used

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FAFSA Fundamentals 2019– 2020

FAFSA Fundamentals 2019– 2020

Financial Aid Money used to help pay for college expenses Grants, work-study, student loans,

Financial Aid Money used to help pay for college expenses Grants, work-study, student loans, scholarships Almost every student is eligible for some type of financial aid Students must apply every year they will need aid for educational expenses

Apply for Financial Aid FAFSA Free Application for Federal Student Aid The first step

Apply for Financial Aid FAFSA Free Application for Federal Student Aid The first step in applying for financial aid Complete as soon as possible after October 1 One application for most types of federal and state financial aid

FAFSA. gov Always use FAFSA. gov Never pay to file the FAFSA Use FAFSA

FAFSA. gov Always use FAFSA. gov Never pay to file the FAFSA Use FAFSA 4 caster to estimate eligibility Remember Oct. 1

File FAFSA Online Faster processing time Save and return to your application Tool Tips

File FAFSA Online Faster processing time Save and return to your application Tool Tips are provided throughout the application Built-in error catcher means fewer delays Electronically sign using your FSA ID

FSA ID Federal Student Aid ID Username and password Student and parent must each

FSA ID Federal Student Aid ID Username and password Student and parent must each create their own Will be used every year to: Electronically sign FAFSA Complete student loan paperwork Login to U. S. Department of Education websites FSA ID password expires every 18 months

Using Your FSA ID FAFSA. gov Student. Loans. gov Electronically sign your (or Complete

Using Your FSA ID FAFSA. gov Student. Loans. gov Electronically sign your (or Complete entrance and Import tax information Electronically sign Master your child’s) FAFSA from IRS NSLDS. ed. gov View history of your federal student aid Look up loan servicer contact information exit counseling Promissory Note Access Repayment Estimator TEACH-ATS. ed. gov Sign TEACH Grant Agreement to Serve

Creating an FSA ID Visit FAFSA. gov Create your FSA ID before beginning the

Creating an FSA ID Visit FAFSA. gov Create your FSA ID before beginning the FAFSA Allow 7 – 10 minutes to set up each FSA ID

Creating an FSA ID Use an e-mail account that you can access easily Don’t

Creating an FSA ID Use an e-mail account that you can access easily Don’t use a school issued e-mail account Choose a username that is not taken Don’t use your name or date of birth in password Select Show Text to see what you’re typing

Creating an FSA ID Enter personal information Social Security number Date of Birth First

Creating an FSA ID Enter personal information Social Security number Date of Birth First Name Middle Initial Last Name Be sure to accurately enter your information

FSA ID Information Match Personal information will be matched with eight government agencies Social

FSA ID Information Match Personal information will be matched with eight government agencies Social Security Administration Department of Defense Department of Justice Homeland Security Internal Revenue Service Selective Service Veteran Affairs National Student Loan Data System (NSLDS)

Creating an FSA ID Review e-mail address, date of birth, username and password Add

Creating an FSA ID Review e-mail address, date of birth, username and password Add mailing address and phone numbers Receive secure code via text message or email to reset password, retrieve username, or unlock account

Creating an FSA ID Challenge questions allow you to unlock your account or reset

Creating an FSA ID Challenge questions allow you to unlock your account or reset your username and password Select two questions from a dropdown menu Create two of your own questions and answers Significant date is optional

Creating an FSA ID Review and confirm information Make necessary changes now Review and

Creating an FSA ID Review and confirm information Make necessary changes now Review and agree to the terms and conditions of using your FSA ID

Creating an FSA ID Verify the e-mail account you provided Receive an e-mail with

Creating an FSA ID Verify the e-mail account you provided Receive an e-mail with a secure code Subject line: Important: Your FSA ID E-mail Validation – Action Required Enter the secure code on this screen

Creating an FSA ID Verify the phone number you provided as well Receive a

Creating an FSA ID Verify the phone number you provided as well Receive a text message with a secure code Enter the secure code on this screen

Creating an FSA ID Students can complete, sign and submit a new FAFSA immediately

Creating an FSA ID Students can complete, sign and submit a new FAFSA immediately Information matches take 1 – 3 days Cannot make FAFSA corrections or sign student loan paperwork until information matches are complete

FAFSA Process

FAFSA Process

FAFSA Sections Login Parent Demographics Student Demographics Financial Information School Selection Dependency Status Sign

FAFSA Sections Login Parent Demographics Student Demographics Financial Information School Selection Dependency Status Sign & Submit Confirmation

FAFSA Login

FAFSA Login

FAFSA Login

FAFSA Login

FAFSA Login

FAFSA Login

FAFSA 2019– 2020 START 2019– 2020 FAFSA

FAFSA 2019– 2020 START 2019– 2020 FAFSA

FAFSA 2019– 2020 Start Student’s 2019– 2020 FAFSA

FAFSA 2019– 2020 Start Student’s 2019– 2020 FAFSA

Student Demographics Fewer questions appear at a time List name exactly as it is

Student Demographics Fewer questions appear at a time List name exactly as it is on your Social Security card Marital status as of the day you submit the FAFSA Tool Tips provide additional information

Selective Service 18 year old males must register with Selective Service to receive financial

Selective Service 18 year old males must register with Selective Service to receive financial aid Students may register through the FAFSA

Home Schooled High School completion status High school diploma GED or high school equivalent

Home Schooled High School completion status High school diploma GED or high school equivalent Home schooled What will your high school completion status be when you begin the 2019– 2020 school year? What will your college grade level be when you begin the 2019– 2020 school year? What degree or certificate will you be working on when you begin the 2019– 2020 school year? None of the above Will you have your first bachelor’s degree before you begin the 2019 – 2020 school year?

High School Name Search by name or city and state If you have a

High School Name Search by name or city and state If you have a high school diploma, you must list your high school

School Selection Enter state, then search by city or school name Enter six-digit school

School Selection Enter state, then search by city or school name Enter six-digit school code Select schools and click Add Send FAFSA to up to 10 colleges

School Selection Click View Selected School Information to compare schools

School Selection Click View Selected School Information to compare schools

School Comparison Compare Location Tuition and fees Graduation rates College websites

School Comparison Compare Location Tuition and fees Graduation rates College websites

Housing Plans Select housing plan for each school On campus Off campus With parent

Housing Plans Select housing plan for each school On campus Off campus With parent

Dependency Status Dependent students must provide parental information Independent students aren’t required to provide

Dependency Status Dependent students must provide parental information Independent students aren’t required to provide parental information

Special Circumstances Dependent students who are unable to provide their parent info due to

Special Circumstances Dependent students who are unable to provide their parent info due to special circumstances may choose I am unable to provide parental information.

Special Circumstances Highly recommended that you speak to college’s Financial Aid Office School procedures

Special Circumstances Highly recommended that you speak to college’s Financial Aid Office School procedures will vary

Special Circumstances Students who do not have a special circumstance but are still unable

Special Circumstances Students who do not have a special circumstance but are still unable to provide parental information typically qualify for only an unsubsidized student loan

Special Circumstances Change in income Change in employment status Unusual medical expenses not covered

Special Circumstances Change in income Change in employment status Unusual medical expenses not covered by insurance Changes in parent marital status Unusual dependent care expenses Unable to obtain parent information

Who is the Parent? Legal Parent Not a Legal Parent Biological parent Grandparent Adoptive

Who is the Parent? Legal Parent Not a Legal Parent Biological parent Grandparent Adoptive parent Foster parent Person the state has Legal guardian determined to be a student’s parent Older sibling Aunt or uncle

Reporting Parent Information If your parents are legally separated or divorced List the parent

Reporting Parent Information If your parents are legally separated or divorced List the parent you lived with most during the last 12 months Lived with both parents equally: List the parent who provided the most financial support in last 12 months Divorced parent is remarried List parent and step-parent Parents are unmarried, but living together List information for both parents

Parent Demographics Parent first initial and last name as on Social Security card Name

Parent Demographics Parent first initial and last name as on Social Security card Name and date of birth will be verified with Social Security Administration

Defining Household Included in household size Student’s parent(s) listed on FAFSA Other children supported

Defining Household Included in household size Student’s parent(s) listed on FAFSA Other children supported by parent(s) Other people supported by parent(s) Use the Tool Tips to determine your Household Size

Parent Income Use 2017 tax information Select tax filing status Already completed Will file

Parent Income Use 2017 tax information Select tax filing status Already completed Will file Not going to file For 2017, have your parents completed their IRS income tax return or another tax return? For 2017, what is your parents’ tax filing status according to their tax return? If Already completed, Link to IRS or enter tax figures manually Did your parents file a Puerto Rican or foreign tax return for 2017?

IRS Data Retrieval Tool IRS sends tax data directly to FAFSA Participation is voluntary,

IRS Data Retrieval Tool IRS sends tax data directly to FAFSA Participation is voluntary, but strongly recommended Reduces documents requested by financial aid office and speeds up awarding process Due to increased security measures, transferred data will not show on screen Financial aid office must make any changes to transferred data

IRS Data Retrieval Tool

IRS Data Retrieval Tool

IRS Data Retrieval Tool Enter the following information from your 2017 Federal Income Tax

IRS Data Retrieval Tool Enter the following information from your 2017 Federal Income Tax Return. Address – Must match your 2017 Federal Income Tax Return

IRS Data Retrieval Tool 2017 Federal Income Tax Information

IRS Data Retrieval Tool 2017 Federal Income Tax Information

Parent Income Adjusted gross income Income earned from work Federal benefits programs Did your

Parent Income Adjusted gross income Income earned from work Federal benefits programs Did your parents have any of the following items in 2017? Enter amounts for all that apply.

Parent Income Education credits Child support paid Combat pay Untaxed income Child support received

Parent Income Education credits Child support paid Combat pay Untaxed income Child support received Housing, food, living allowances Tax exempt interest Payments to taxdeferred pension and retirement savings plans Veterans noneducation benefits Did your parents have any of the following items in 2017? Enter amounts for all that apply.

Student Income Type of tax return filed Income earned Taxes paid For 2017, have

Student Income Type of tax return filed Income earned Taxes paid For 2017, have you completed your IRS income tax return or another tax return? For 2017, what is your tax filing status according to your return? Did you file a Puerto Rican or foreign tax return for 2017?

Sign & Submit Review answers Make changes before submitting your FAFSA Student and parent

Sign & Submit Review answers Make changes before submitting your FAFSA Student and parent enter FSA IDs to electronically sign Click Submit My FAFSA Now

Confirmation Page 2019– 2020 Confirmation Page Expected Family Contribution (EFC) is provided See early

Confirmation Page 2019– 2020 Confirmation Page Expected Family Contribution (EFC) is provided See early estimate of financial aid eligibility

FAFSA Mobile App

FAFSA Mobile App

FAFSA Mobile App: my. Student. Aid

FAFSA Mobile App: my. Student. Aid

FAFSA Mobile App: my. Student. Aid

FAFSA Mobile App: my. Student. Aid

FAFSA Mobile App: my. Student. Aid Welcome to the 2019– 2020 FAFSA!

FAFSA Mobile App: my. Student. Aid Welcome to the 2019– 2020 FAFSA!

FAFSA Mobile App: my. Student. Aid

FAFSA Mobile App: my. Student. Aid

FAFSA Mobile App: my. Student. Aid

FAFSA Mobile App: my. Student. Aid

FAFSA Mobile App: my. Student. Aid What type of 2017 income tax return did

FAFSA Mobile App: my. Student. Aid What type of 2017 income tax return did your parents file? What was your parents’ 2017 adjusted gross income? This amount is found on IRS for 1040—line 37.

FAFSA Mobile App: my. Student. Aid

FAFSA Mobile App: my. Student. Aid

After the FAFSA

After the FAFSA

After FAFSA Submission Receive e-mail notification when FAFSA is processed FAFSA information is sent

After FAFSA Submission Receive e-mail notification when FAFSA is processed FAFSA information is sent to school(s) listed School(s) use FAFSA information to determine financial aid eligibility School(s) will contact you if they need more information or when they have determined the total aid they can offer you Contact your school(s) with questions about your financial aid award

Student Aid Report (SAR) Summarizes FAFSA information Available after FAFSA is processed Review for

Student Aid Report (SAR) Summarizes FAFSA information Available after FAFSA is processed Review for accuracy School(s) on FAFSA also receive a summary 2019– 2020 Student Aid Report (SAR)

Making Corrections on the FAFSA may be made by Accessing your FAFSA online at

Making Corrections on the FAFSA may be made by Accessing your FAFSA online at FAFSA. gov Updating items on paper SAR and mailing to Federal Student Aid (FSA) Submitting documentation to the college’s financial aid office Corrections to income information must be made through a financial aid office

Cost of Attendance Estimate of total educational expenses for a specific enrollment period May

Cost of Attendance Estimate of total educational expenses for a specific enrollment period May be different at each school Includes average Tuition Fees Books and supplies Room and board Transportation Miscellaneous expenses

Expected Family Contribution Calculated from information provided on FAFSA Includes income, assets and family

Expected Family Contribution Calculated from information provided on FAFSA Includes income, assets and family size Comprised of two components Parent contribution Student contribution Same amount at every college

Financial Need Cost of Attendance – Expected Family Contribution Financial Need Cost of Attendance

Financial Need Cost of Attendance – Expected Family Contribution Financial Need Cost of Attendance varies at each institution Expected Family Contribution is determined by FAFSA and will be the same at every school Financial Need is calculated by the Financial Aid Office

Financial Need OCAP University’s Cost of Attendance: $20, 000 Student’s Expected Family Contribution: $5,

Financial Need OCAP University’s Cost of Attendance: $20, 000 Student’s Expected Family Contribution: $5, 000 $20, 000 (COA) – _$5, 000 (EFC) $15, 000 (Need) This student may receive up to $15, 000 in need -based aid This student may receive no more than $20, 000 in total financial aid

Award Letter Sent electronically or in the mail Outlines financial aid eligibility Read carefully!

Award Letter Sent electronically or in the mail Outlines financial aid eligibility Read carefully! Accept or decline aid by specified deadline

Federal Financial Aid Federal Pell Grant Federal Supplemental Educational Opportunity Grant (FSEOG) Up to

Federal Financial Aid Federal Pell Grant Federal Supplemental Educational Opportunity Grant (FSEOG) Up to $4, 000 annual maximum Teacher Education Assistance for College & Higher Education Grant (TEACH) $6, 095 annual maximum for 2019– 2020 Up to $3, 736 annual maximum Iraq & Afghanistan Service Grant Amount vary

Federal Financial Aid Federal Work-Study (FWS) Allows student to earn money while working On-campus

Federal Financial Aid Federal Work-Study (FWS) Allows student to earn money while working On-campus or community employment opportunities Gain work experience while in college

Federal Financial Aid Federal Subsidized Student Loan Based on financial need $3, 500 per

Federal Financial Aid Federal Subsidized Student Loan Based on financial need $3, 500 per year maximum for freshmen Government pays interest while student is enrolled at least half-time 5. 05% fixed interest rate during 2018– 2019 Federal Unsubsidized Student Loan Additional loans available to students who qualify Interest begins to accrue after first disbursement 5. 05% fixed interest rate during 2018– 2019

Federal Financial Aid Parent Loan for Undergraduate Students (PLUS) Parent of dependent students Parent

Federal Financial Aid Parent Loan for Undergraduate Students (PLUS) Parent of dependent students Parent borrower must be credit-worthy Interest begins to accrue after first disbursement 7. 6% fixed interest rate during 2018– 2019

State Financial Aid Oklahoma Tuition Aid Grant (OTAG) FAFSA is application for OTAG Complete

State Financial Aid Oklahoma Tuition Aid Grant (OTAG) FAFSA is application for OTAG Complete FAFSA as soon as possible after October 1 FAFSA filing deadline is typically December 1 $1, 000 per year Oklahoma’s Promise Must complete FAFSA every year Pays tuition at Oklahoma schools for students who meet high school requirements

FAFSA Resources

FAFSA Resources

FAFSA Resources

FAFSA Resources

Scholarships & Other Resources

Scholarships & Other Resources

Scholarships Money that does not have to be paid back Seniors: apply for 2–

Scholarships Money that does not have to be paid back Seniors: apply for 2– 3 per week Juniors: apply for 1– 2 per week Awarded based on merit, need, skill, hobbies, family history, athletics, writing ability Find scholarships UCan. Go 2. org UCan. Go 2 on Facebook OKcollegestart. org Colleges Books Local Organizations Churches Family employers

Scholarship Success Guide

Scholarship Success Guide

Institutional Scholarships Specific to the college Application may or may not be included in

Institutional Scholarships Specific to the college Application may or may not be included in admission application Find scholarship page on college’s website Watch carefully for scholarship deadline Institutional scholarships exist for returning students also, not just freshmen

UCan. Go 2. org

UCan. Go 2. org

UCan. Go 2. org Each section offers information for High School Students Middle School

UCan. Go 2. org Each section offers information for High School Students Middle School Students Parents Adult Learners Elementary School Students

Plan for College What is College? Why Should I Go? Addressing Concerns Exploring Careers

Plan for College What is College? Why Should I Go? Addressing Concerns Exploring Careers

Prepare for College Study Habits Classes to Take ACT/SAT Choosing a College Admission Requirements

Prepare for College Study Habits Classes to Take ACT/SAT Choosing a College Admission Requirements Campus Visits Applying for College Transition to College

Pay for College Savings FAFSA Grants/ Scholarships State Aid Work-Study Student Loans

Pay for College Savings FAFSA Grants/ Scholarships State Aid Work-Study Student Loans

Scholarship of the Week UCan. Go 2. org highlights a new scholarship each week

Scholarship of the Week UCan. Go 2. org highlights a new scholarship each week Scholarships are organized by Deadline or by Category

Scholarships by Deadline Scholarships are organized by monthly deadline Detailed description of ten scholarships

Scholarships by Deadline Scholarships are organized by monthly deadline Detailed description of ten scholarships Additional scholarships with monthly deadline Ongoing scholarships awarded monthly, quarterly, etc.

Additional Scholarships Additional scholarships are listed for each month

Additional Scholarships Additional scholarships are listed for each month

Scholarships by Category Adult Learners The Arts Ethnicity LGBT Middle School Military Special Needs

Scholarships by Category Adult Learners The Arts Ethnicity LGBT Middle School Military Special Needs STEM Study Abroad

UCan. Go 2. org on Facebook Weekly scholarships Tips for college planning Valuable college

UCan. Go 2. org on Facebook Weekly scholarships Tips for college planning Valuable college preparation information

OKcollegestart. org

OKcollegestart. org

OKcollegestart. org Financial Aid Planning Financial Aid 101 Financial Aid Calculators Scholarships Financial Fitness

OKcollegestart. org Financial Aid Planning Financial Aid 101 Financial Aid Calculators Scholarships Financial Fitness

OKcollegestart. org Find Scholarships Create a profile Find matching scholarships Save scholarships Receive reminders

OKcollegestart. org Find Scholarships Create a profile Find matching scholarships Save scholarships Receive reminders

Questions

Questions

Contact Us Oklahoma State Regents for Higher Education Oklahoma College Assistance Program Outreach Department

Contact Us Oklahoma State Regents for Higher Education Oklahoma College Assistance Program Outreach Department (405) 234 -4239 (866) 443 -7420 (Toll Free) UCan. Go 2@ocap. org