fafsa 301: filing a renewal fafsa revised 9/2013 understanding the fafsa fafsa filing fafsa 101...

43
FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 • Understan ding the FAFSA • FAFSA Filing FAFSA 101 • Filing a Renewal FAFSA • Correctio ns • Special Circumsta nces • Next Steps FAFSA 201 FAFSA 301

Upload: caroline-marsh

Post on 23-Dec-2015

225 views

Category:

Documents


2 download

TRANSCRIPT

Page 1: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

FAFSA 301: Filing a Renewal FAFSARevised 9/2013

• Understanding the FAFSA

• FAFSA Filing

FAFSA 101

• Filing a Renewal FAFSA

• Corrections• Special

Circumstances• Next Steps

FAFSA 201

FAFSA 301

Page 2: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Agenda

Page 3: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Financial Aid Overview

Paying for College

Family Financing

=

Page 4: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Financial Aid Hierarchy

Low/No Low

HighHigh

CO

STA

VAILA

BILITY

*Need-based

*Available to everyone

*On financial aid award letter

Participate in workshops*Paying for College*Student Loans 101: Know Before You Borrow*Scholarship Strategies

Page 5: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

FAFSA Review

Page 6: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Agenda

Page 7: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Preparing to File the FAFSA

Page 8: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

PIN Help

You may need help pin.ed.gov Chat through fafsa.gov Call 800-4-FED-AID

Page 9: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Preparing to File the FAFSA

Page 10: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Gather Documents

√ √ Income records: most current tax return, or W-2’s or paystubs

√ √ Bank statements

√ √ Child support statements

√ √ TANF or welfare information

√ √ Family business information

√ √ Real estate, stock or bond investment records you may have

√ √ Any untaxed income records

√ Records of money from financial aid, scholarships or fellowships

√ Records of education-related expenses

√ Opt* Social Security Card, Green Card or Permanent Resident Card

Opt Driver’s license

Page 11: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Preparing to File the FAFSA

Page 12: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Agenda

Participate in workshops*FAFSA 101:Understanding & Filing the FAFSA*FAFSA 201: Corrections, Special Circumstances & Next Steps

Page 13: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

FAFSA Roadmap

YES, to ANY one question

NO, to ALL questions.

FAFSA START LOGIN•Student Legal Name

•SSN •Date of Birth

FAFSA START LOGIN•Student Legal Name

•SSN •Date of Birth

RENEWRENEW MAKE CORRECTIONS

MAKE CORRECTIONS

STUDENT INFORMATION

STUDENT INFORMATION

NEW 2013-14NEW 2013-14

HIGH SCHOOLHIGH SCHOOL COLLEGESList up to 10 colleges

COLLEGESList up to 10 colleges

DEPENDENCY STATUS•Born before Jan. 1, 1990

•Married

•Working on Masters or Doctorate Degree

•Have children that you financially support

•Veteran or Currently serving in the US Armed Services

•Since the age of 13, both parents were deceased, you were/are in foster care or ward of the court

•Emancipated Minor

•Have a legal Guardian

•On or after July 1, 20112 were homeless or at risk of being homeless

DEPENDENCY STATUS•Born before Jan. 1, 1990

•Married

•Working on Masters or Doctorate Degree

•Have children that you financially support

•Veteran or Currently serving in the US Armed Services

•Since the age of 13, both parents were deceased, you were/are in foster care or ward of the court

•Emancipated Minor

•Have a legal Guardian

•On or after July 1, 20112 were homeless or at risk of being homeless

PARENT(S) FINANCIAL INFORMATION

PARENT(S) FINANCIAL INFORMATION

PARENT DEMOGRAPHIC INFO:

Father or Mother

PARENT DEMOGRAPHIC INFO:

Father or Mother

Married/ RemarriedMarried/ Remarried

BOTH PARENTS DEMOGRAPHIC INFO

Father/Step-fatherMother/Step-mother

BOTH PARENTS DEMOGRAPHIC INFO

Father/Step-fatherMother/Step-mother

PARENT INFORMATION

PARENT INFORMATION

Divorced, Separated, Widowed

Divorced, Separated, Widowed

SIGNATUREStudent PIN &Parent PIN

SIGNATUREStudent PIN &Parent PIN

STUDENT FINANCIAL

INFORMATION

STUDENT FINANCIAL

INFORMATION

SIGNATUREStudent PIN SIGNATUREStudent PIN

Page 14: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

www.fafsa.gov

Page 15: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Login Page

Page 16: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

FAFSA Support

Page 17: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

My FAFSA Welcome Page

Page 18: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Password Page

Page 19: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Login v. Password v. PIN

FAFSA year 1 FAFSA year 2 FAFSA year 3

Login

Password 1 Password 2 Password 3

Page 20: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Introduction Page

Page 21: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Student Demographics

Page 22: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Eligibility for Financial Aid

Page 23: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

College Information

Page 24: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Dependency Status

Page 25: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Dependency Status Results

Page 26: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Parent Information

IF YOUR PARENT(S) ARE THEN ENTER INFORMATION FOR

MARRIED BOTH PARENTS

REMARRIED THE PARENT (AND STEP PARENT) YOU LIVE WITH MOST

SINGLE OR WIDOWED THE SINGLE OR SURVIVING PARENT

DIVORCED OR SEPARATED THE PARENT YOU LIVE WITH MOST

UNMARRIED, BUT LIVING TOGETHER

BOTH PARENTS, REGARDLESS OF MARITAL STATUS

SAME SEX FOLLOW ABOVE GUIDELINES

Page 27: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Parent Demographics

Page 28: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Financial Information

Will file The amounts entered will be estimates

Already completed The amounts entered will be final

Will not file The amounts entered may have to be verified through other documentation

Page 29: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Financial Information

Page 30: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Federal Means Test

Page 31: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Additional Financial Information

Only 1 person can claim 1 of these credits

Enter only the information for the person in question

See: IRS Publication 970

Page 32: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Taxable Scholarships/Fellowships?

If you use the scholarships/fellowship for:

AND you are… THEN the it is…

A degree candidate

Not a degree candidate

Tax free Taxable

Tuition X X

X X

Fees X X

X X

Books X X

X X

Supplies X X

X X

Equipment X X

X X

Room X X X

Board X X X

Travel X X X

See: IRS Publication 970

Page 33: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Parent Assets

Assets Cash, savings, checking accounts

Investments Real estate, trust funds, stocks, CD, special minor accounts, money market funds, securities, commodities, college savings plans (529 college savings/prepaid tuition plans), mutual funds, bonds, etc

Page 34: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Student Financial Information

See: IRS Publication 929

Page 35: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Sign & Submit

1

2

3

Page 36: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Confirmation Page

1

2

3

4

Page 37: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Agenda

Page 38: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

What Happens to your FAFSA Info

Page 39: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances
Page 40: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Complete the FAFSA Process

COMPLETE FAFSA PROCESSCheck email oftenReview SARFile your taxes early!Complete Verification and/or Special Circumstance documentation*Participate in FAFSA 201: Corrections, Special Circumstances & Next Steps workshop

Page 41: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Next Steps Participate in workshops:*Student Loans 101: Know Before You Borrow

Page 42: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

Resources

For help filing the FAFSA College Goal Sunday: collegegoalsundaywa.org Chat: fafsa.gov Phone: 800-4-FED-AID Email: [email protected]

For tax education-related tax questions IRS publication 970 Free tax preparation & help: United Way

For help/questions about Verification, special circumstances, or your Financial Aid Award Letter

Financial Aid Office at your selected schools For “how-to” support through the process

Recorded workshops: usafunds.webex.com

Page 43: FAFSA 301: Filing a Renewal FAFSA Revised 9/2013 Understanding the FAFSA FAFSA Filing FAFSA 101 Filing a Renewal FAFSA Corrections Special Circumstances

A nonprofit corporation, USA Funds® works to enhance

postsecondary education preparedness, access and success

by providing and supporting financial and other valued services.