fafsa 301: filing a renewal fafsa revised 9/2013 understanding the fafsa fafsa filing fafsa 101...
TRANSCRIPT
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
Agenda
Financial Aid Overview
Paying for College
Family Financing
=
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
FAFSA Review
Agenda
Preparing to File the FAFSA
PIN Help
You may need help pin.ed.gov Chat through fafsa.gov Call 800-4-FED-AID
Preparing to File the FAFSA
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
Preparing to File the FAFSA
Agenda
Participate in workshops*FAFSA 101:Understanding & Filing the FAFSA*FAFSA 201: Corrections, Special Circumstances & Next Steps
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
www.fafsa.gov
Login Page
FAFSA Support
My FAFSA Welcome Page
Password Page
Login v. Password v. PIN
FAFSA year 1 FAFSA year 2 FAFSA year 3
Login
Password 1 Password 2 Password 3
Introduction Page
Student Demographics
Eligibility for Financial Aid
College Information
Dependency Status
Dependency Status Results
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
Parent Demographics
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
Financial Information
Federal Means Test
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
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
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
Student Financial Information
See: IRS Publication 929
Sign & Submit
1
2
3
Confirmation Page
1
2
3
4
Agenda
What Happens to your FAFSA Info
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
Next Steps Participate in workshops:*Student Loans 101: Know Before You Borrow
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
A nonprofit corporation, USA Funds® works to enhance
postsecondary education preparedness, access and success
by providing and supporting financial and other valued services.