How To Apply For Financial Aid Topics to be Covered What is the FAFSA? Obtaining a FSA User ID FAFSA Application Types of Financial Aid Cal Grant DREAM Application What is the FAFSA? The FAFSA is the Free Application for Federal Student Aid available starting January 1, 2016 Priority Deadline: MARCH 2, 2016 Used for federal, state, and some institutional aid Grants, Work-Study and Federal Student loans Federal Student Aid User ID & Password Your electronic signature Each person must obtain one Used to file the FAFSA, and access other federal websites Can be requested during the FAFSA application or online at: www.fsaid.ed.gov FAFSA Application Step 1 - Student Demographics Step 2 - School Selection Step 3 - Dependency Status Step 4 - Parent Information Step 5 - Financial Information Step 6 - Parent/Student Household Step 7 - Signatures Step 1 - Student Demographics General information about the student name, address, SSN, date of birth, degree objective, etc. Name must match legal name on Social Security Card Do not use nicknames or abbreviations of your name Selective Service If male and 18+ must register with Selective ServiceAddress Suggest you provide. If provided, notifications received more quickly by Step 2 School Selection Option to list up to 10 colleges that will receive your FAFSA Search feature available to search for schools or you can directly enter the school code University of La Verne: Housing Plans On Campus (dorms) With Parent Off Campus Step 3 Dependency Questions Born before January 1, 1993 Married Seeking Masters or Doctorate program Have children or dependents Serving in U.S. Armed forces or a Veteran Parents deceased since turned 13 years old Emancipated minor, ward of court, legal guardianship Homeless or at risk of being homeless Step 4 Parent Information Parent(s) is defined as: Biological, Adoptive or Step-parent Marital Status Single Married Divorced Widowed Unmarried and both parents living together If parent does not have Social Security Number, report as People in parents household Step 5 - Financial Information Student/Spouse and/or Parent Completed IRS Tax Return Include adjusted gross income for 2015 and earnings from work Can provide estimate based on 2015 earnings Update FAFSA when return is filed Include additional financial information and untaxed income Step 5 - Financial Information Asset value as of the date FAFSA is completed Cash, savings and checking accounts Investments net worth Business net worth Over 100 employees Investment & farms net worth Do not include family farm Step 6 Household Independent Student List members of your household Self Spouse Custodial Children Others living in house that you/spouse provide more than 50% of support for and will continue to do so through June 30, 2017. Step 6 Household Dependent Students List members of your household Parent(s) Self Siblings Others living in house that parent provides more than 50% of support for and will continue to do so through June 30, 2017. Sign and Submit Required Student One parent (dependent student) Ways to Submit Electronically with FSA ID User name and password Print Signature Page Paper FAFSA (not recommended) Confirmation When your application is processed you will be notified via(if you provided one). Your processed application is the: Student Aid Report (SAR) Summary of your FAFSA information Your processed application is sent to the schools you indicated on the application Next... Schools determine federal, state, and institutional aid you qualify for. Schools send you an award notification showing what aid you qualify for. Schools may request additional information from you. Types of Financial Aid Gift Aid Grants (federal, state, institutional) Scholarships Work-Study Loans student and parent Federal Aid Programs Student Aid Pell Grant Supplemental Education Opportunity Grant (FSEOG) Federal Work-Study Federal Student Loans Direct Subsidized - Need Based Direct Unsubsidized Non Need Based Perkins Loan Need Based Federal Aid Programs Parent Aid Parent PLUS Loan Credit based loan offered to parent or step-parent Fixed interest rate (set July 1 st ) Can be requested to cover any remaining educational costs for student State Aid Programs Cal Grant A, B, or C CHAFEE Grant CA Dream Act (DACA Students) Only State Schools (UC/CSU/Community College) Middle Class Scholarship (MCS) Board of Governors Fee Waiver (BOG) Educational Opportunity Grant (EOP) Cal Grant Program Deadline: March 2nd, Must meet GPA, income and assets ceilings Required Documents FAFSA GPA Verification Form School will file your GPA (check with your school) Student can obtain a Cal Grant GPA Verification Form. Must be certified by a school official and mailed to CSAC California Dream Act of 2011 Allows students who meet certain criteria to apply for financial aid, such as: Private Scholarships State University Grant (CSU & UC) Cal Grants, EOP Grants Applicants include: AB540 students Undocumented students Deferred Action for Childhood Arrival (DACA) students California Dream Act Application Application opens January 1, Eligibility Attended a CA school for 3+ years AND graduated from a CA HS or equivalent Attend a CA college or university Deadline: March 2nd, 2016 Submit GPA Verification Institutional Aid Grants typically need based Scholarships typically merit based Private (from outside donors) Institutional (through the school) Loans Each school may offer different types of aid based on institutional resources. Check with each school you are applying to for additional information. Other Aid Programs Other Scholarships/grants Search engines online Local community groups, clubs, businesses, churches, synagogues, etc. Vocational Rehab Veterans Benefits Contact Veterans Affairs representative Office of Financial Aid 1950 Third Street La Verne, CA (800) (phone) (909) (fax) Questions