financial aid with fafsa

FINANCIAL AID 101

UCLA EARLY ACADEMIC OUTREACH PROGRAM2015-2016

Spring Checklist: Admissions Report D’s and F’s received Create & check school portals

(ASAP) Send SAT/ACT scores no later than

January Sign up for ELM/EPT Exam for CSU

if not exempt no later than April.UC’s will notify students who

need to take placement exam in May

Submit first semester transcripts IF requested by school in January

Complete FAFSA OR Dream Act by MARCH 2 Check status of CAL Grant Review Financial Award Letters

Complete CSS Profile (college board) if requested by Private School

Submit Intent to Register (SIR) to school of choice by May 1st

Sign up for Orientation and Housing as early as possible

Submit Final Transcripts – July 1st for UC July 15th for CSU

What is included in Cost of Attendance?

Room & BoardTuition

Health Insurance

Books and supplies

TransportationPersonal Expenses

Cost of AttendanceInstitution Cost of Attendance Tuition

Community College(CC)

Varies $2,000-$3,000*46 per unit

California State University

(CSU)$21,437 $6,119 – $9,000

University of California(UC) $33,600 $13,400

Independent/Private 42,000 - $79,000 $30,000-$65,000

College Prices at a Glance

Cost of Attendance (COA)

Gift Aid

= Net Cost (Expected Family Contribution (EFC) & Student Contribution from Work-

Study & Loans)

FINANCIAL AID EQUATION

How do I Apply for Financial Aid?www.fafsa.ed.gov

US Citizen or Legal Permanent Resident

www.caldreamact.org Undocumented or DACA AB540

StudentsOR

When do students apply for Financial Aid?

Deadline: March 2nd

Apply during Senior year of HS and every

year student will continue enrollment in

college!

Additional Financial Aid Forms CSS Financial Aid Profile IF

APPLIED TO PRIVATE SCHOOLS ONLY

CA GPA Verification Form – usually submitted by the school on behalf of

the student

FAFSA US Citizens & Permanent Residents

Federal State

College Private

Funds

Sources of

Aid

ScholarshipsFree

money based on merit or talent

Work StudyMoney Earned

based on need

GrantsFree

Money based on

need

LoansMust be repaid

Types of Aid

Gift Aid Self Help

1. Undocumented students who have attended a California school for 3 or more years

2. Will be graduating from a California high school or equivalent to a high school diploma (i.e. GED)

3. Will attend accredited California college

4. Fill out an affidavit agreeing to file for residency when possible

Are you an AB540 Student?

Dream Act AB540 (Undocumented)

ScholarshipsFree

money based on merit or talent

Work StudyMoney Earned

based on need (must have

DACA)Grants

Free Money

based on need

LoansMust be repaid

Typesof Aid

Gift Aid Self Help

State

College Private

Funds

Sources of

Aid

GRANT TYPE WHO CAN APPLY ANNUAL AWARD UP TO…

ELIGIBILITY REQUIREMENTS

Cal Grant A Undergraduates

FAFSA/DREAM ACT

$12,192(UC)$5,970(CSU)

$9,223(private)

3.0 + H.S. GPA financial need

Cal Grant B UndergraduatesFAFSA/DREAM

ACT

$1,656 (first yr)Tuition+ $1,656

2.0 H.S. GPA, financial need

Cal Grant C Technical and career students

FAFSA/DREAM ACT

$3,009Financial need

Federal Pell UndergraduatesFAFSA

$400 - $5,775 Financial need

CHAFEE $5,000 -You are or were in foster care

-financial need-not yet 22

Income Ceilings for Cal Grants

Note: Primary Home is not

considered an asset!

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Community College Fee Waiver

The California Community College Board of Governors’ Enrollment Fee Waiver (BOG Fee Waiver) covers the California Community College’s enrollment fee for California residents:who are eligible for need-based financial aid, orwho receive CalWORKs/TANF, SSI, or General Assistance

payments, orwhose family income falls below published income ceilings

Learn more about the BOG Fee Waiver at: cccapply.org/BOG_Waiver/

Work-Study (Federal Aid)• Federally subsidized wages • Flexible work schedule (usually on campus)• Part-time only (20 hrs max)• Network & build your resume

Loans (Federal)Student Loans vs. Alternative (Private) Loans

Lower & non-variable interest rate Borrowing cap of $31,000 for undergraduate degree Flexible payment plans and loan forgiveness programs

Subsidized Stafford Loan or Perkins LoanDoes not accumulate interest while in school

Unsubsidized Stafford LoanAccumulates interest while in school

PLUS (Parent) Loans

How is it that this is the image we conjure when we talk

about student loans

But this is the image we conjure when we talk about a car loan?

Changing Perspective• UC Estimated Cost of Attendance for 4 years is

valued at $134,400– Average debt for a UC graduate = $20,210

translating to monthly payment of $222– According to Edmunds, the average monthly

car payment is $479

Why Go to College?Attending college is an INVESTMENT. Higher Education is one of

the BEST decisions a person can make.

Unemployment Rate (%)

Median Earnings Per Year

$25,376

$34,736

$41,184

$57,252

$68,952

$82,732

$85,228

9.0

6.0

4.53.5

2.8

1.9

2.1 Professional

Professional

Masters

Bachelors

Associate

HS Diploma

No HS *Bureau of Labor Statistics 2014

How do I Apply for Financial Aid?www.fafsa.ed.gov

US Citizen or Legal Permanent Resident

www.caldreamact.org Undocumented or DACA AB540

StudentsOR

Common Documents UsedTax Forms

Check top left hand corner to see what type of tax forms were filed

W-2 Form

California Aid Report (CAR)-

E-mail sent to student, directing them to WebGrants to view on-line CARSent 2-4 weeks after both FAFSA and GPA are submitted, usually beginning in mid-February

If eligible will show Cal Grant amount for 1st 3 California colleges listed on FAFSA/ Dream Act

www.webgrants4students.org

Login

Login with Student Information

My FAFSA

Section 1 Selective Service Registration

• Male students who are between the ages of 18 and 25 years must be registered with Selective Service to receive federal and state aid

• Answer “Register me” only if you are male, aged 18-25, and have not yet registered.

• The student may also register by going to:www.sss.gov

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Student Eligibility

Never attended/ 1st year (even if you have taken college courses as a HS student

Say yes to work-study, unless you prefer more loans instead

KansasInclude all the schools you have applied or plan to

apply to for 2016-17

School Selection SummaryList a UC first.

If you did not apply to UC, list most expensive CA school first.

If applying to more than ten schools, wait for the processed Student Aid Report (SAR)to be emailed to you, go back to FAFSA, delete schools and add more.

Dependency Determination

Parent Demographics

The student will need to provide parental information:

IF parents to not have social security, fill in space with 000-00-0000 Parents

without social security must print out signature page and mail

Parent Tax Information

These fields are pre-filled based on FAFSA responses

IRS DRT (Parent) with User Information

Parent Financial Information

Notice that you the student will also be asked questions about income. Don’t put your parents information again! Blue sections are about you!

Sign and Submit, Parent SignatureSign and SubmitRecommend that parents and students sign the FAFSA electronically using FAFSAID

Parents without Social Security Numbers

Click on “Other options to sign and submit” for Paper Signature Page

Confirmation Page

Special Circumstances

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• Contact the Financial Aid Office if there are circumstances which affect a family’s ability to pay for college such as:– Loss or reduction in parent or student income or assets– Death or serious illness– Natural disasters affecting parent income or assets such as

the recent California wind storms, wild fires, floods, or mudslides

– Unusual medical or dental expenses not covered by insurance

– Reduction in child support, Social Security benefits or other untaxed benefit

– Financial responsibility for elderly grandparents, or– Any other unusual circumstances that affect a family’s

ability to contribute to higher education

Cynthia Maravilla-Macias

cyntmaci493@gmail.com

Register for Exam at:https://ept-elm.ets.org/CSU/

Apply on line cccapply.org

Receive an email confirmation

and student ID within a week

Take Placement Exam

Math & English

Complete an Orientation

Schedule Appt. with College Counselor

Register for Classes

Applying to Community

College

Apply for Financial Aid