Post on 22-Dec-2015
transcript
Presented by Valencia Community College
Get ReadyRe-apply/ApplyReviewRespondReceiveRemain EligibleRepeat Every Year
Start Practicing your Junior or Senior year◦ Look over scholarships and free scholarship web
services and sites www.fastweb.com www.collegeanswer.com www.hsf.net/Scholarship.aspx
◦ Complete the Free Application for Federal Student Aid (FAFSA) 4Caster @ www.fafsa4caster.ed.gov
Social Security Number (make sure it’s correct) Your Drivers License (if any) Your Tax Returns Your Parents Tax Returns W-2 Forms Untaxed Income Records
◦ Social Security◦ Temporary Assistance for Needy families◦ Welfare◦ Veterans Benefits
Bank Statements Business and Investment Statements Alien Registration or Permanent Resident Card (non-
US Citizen)
Apply for a PIN (student and parent) @ www.pin.ed.gov
Complete the Free Application for Federal Student Aid (FAFSA) @ www.fafsa.ed.gov
On or After January 1st – Every Year Check Schools & State Priority Dates and
Application Requirements
Helpful Hint 1 – Complete the FAFSA by Valentines Day Every YearHelpful Hint 2 – Apply for Scholarships beginning in February
Who is eligible to receive Federal Student Aid?
◦ Be a U.S. citizen or eligible non-citizen ◦ Have a valid Social Security Number ◦ Register with Selective Service if you are male and
18 to 25 years of age (go to www.sss.gov for more information).
◦ Have a high school diploma or a General Education Development (GED) Certificate or pass an exam approved by the U.S. Department of Education.
Who is eligible to receive Federal Student Aid?
◦ Be enrolled or accepted in an eligible degree or certificate program
◦ Not have a drug conviction for an offense that occurred while you were receiving federal student aid (such as grants, loans, or work-study)
Born before 1/1/1986 Married Graduate student Active duty military Veteran of the armed services Children who you support
If you answer yes to any of these questions you are considered independent
Other dependents who you support Foster care or orphan/ward of the court Emancipated minor In legal guardianship Unaccompanied youth who was also
homeless (58, 59 & 60)
If you answer yes to any of these questions you are considered independent
Married
Separated/Divorced
Divorced (Widowed) and Remarried
Use both Parents
Use Parent Student lived with the most in last 12 Months
Use Parent and Step-parent Student lived with the most in last 12 months
Legal Guardians Grandparents, Aunt, Cousins, Sibling, or
other relative Non-relative/friend of family Foster parents
Nicknames Divorced/remarried parents Income earned by mother and father Other untaxed income – must be
reported Household size Number in family attending college U.S. income taxes paid Real estate and investment net worth
Cost of Attendance (COA) (college) - Expected Family Contribution (EFC)
(FAFSA) =Need (Per Regulation)
COA- EFC= Need
Request a Dependency Override at the Institution
Not Considered a Reason◦ Parent’s income is too high◦ Parents refuse financial information for the FAFSA◦ Parents refuse to support student financially◦ Student supports self financially◦ Parent in another country
Considered a Reason◦ No contact with the parents and;◦ Unusual circumstances – abandonment or abuse
Note: New Special Circumstances on FAFSA
Loss of Income/Assets used in the formula Divorce or Loss of Parent Unusual Medical Expenses – only debt
considered in needs analysis PJ Daycare/Private School Cost Extenuating Financial Circumstances – does
not include any debt for needs analysis PJ
All circumstances must be documented
Components◦ Fixed or Estimated Cost (Check with your Institution on
the Specific Budget) Tuition and Fees Books and supplies Loan Fees Room and Board Personal Expenses Transportation Study Abroad Cost Dependent Care Expenses Disability Related Expenses
Room and Board $ 4,669 Transportation $ 2,546 Personal $ 424 Tuition and Fees $ 2,228 Books & Supplies $ 1,061 Total $10,928
COA 12000 12000EFC (-) 2000 15585Need 10000 -3585
Student A Student B
15000
12500
10000
3500 3500
11500
9000
6500
Cost of Attendance
Expected Family Contribution
NEED
(Variable) (Constant) (Variable)
Apply Every Year (best months between February – April)
Scholarships Criteria◦ Varies – Ethnicity, Gender, Merit, Talent,
Adversity, Community Service, Career Goals, etc. ◦ May not have to meet federal eligibility criteria◦ Don’t have to be straight A student
Scholarship Free Searches (many are FREE! – Don’t get scammed)◦www.fastweb.com◦www.collegeanswer.com◦www.hsf.net/Scholarships.aspx
Other places to look for Scholarships?◦ Foundations ◦ Community Organizations/Churches◦ National Organizations◦ Local/National Labor Unions◦ Colleges and Universities◦ Large Companies◦ Many Others
You will receive a Student Aid Report (SAR) Review the SAR for accuracy Make any necessary corrections on the Web
@ www.fafsa.ed.gov (for faster results)
Your school may ask for additional documentation◦ Verification Worksheet◦ Copy of Taxes
Respond as soon as possible – this could get you more money!
You may just get awarded – Follow instructions carefully
Review your Award Notification Follow all instructions carefully – ask the
school for help if you need it Enroll in school Attend all classes You will then receive your financial aid to
pay for classes and books – check your schools disbursement policies
You must maintain Satisfactory Academic Progress (SAP)
Regardless of Receiving Aid or Not! At Valencia:
◦ Complete Successfully 67% of all attempted credit hours
◦ Maintain a 2.0 GPA (C Average)◦ Not attempted 150% of the length of your
program of study Check your Schools SAP Policy
Remember the HINT!
Apply for Federal Aid and Scholarships Every Year aroundFebruary 14th
Pell Grants $4731 maximum for 2008-2009
ACG & Smart Grants (variable based on Year in School)
Bright Futures (Florida Residents) FSAG (Florida Residents) SEOG Scholarships Subsidized Stafford/Perkins Loans Institutional Need and Merit-Based Aid
Pell grant awards are based on semester & enrollment
School defines fulltime – awards are prorated◦ 12+credit hours is equal to fulltime◦ 9+ but <12 is ¾ time◦ 6+ but < 9 is ½ time◦ <6 is equal to less than ½ time
Pell = 2 fulltime semesters or a combination. Example FA 9 hrs, SP 9 hrs, SUM 6 hours (24 hrs)
Pell $ amount is same regardless of Institution and costs in most cases
Florida Academic Scholar ◦ 100% Tuition and Fees – Public Institution/CC◦ Private School = 100% Average Public School Cost◦ College Related Expenses $375 per year (prorated)
Florida Medallion Scholar◦ 100% Tuition and Fees – Community College◦ 75% Tuition and Fees – Public Institution◦ Private School = 75% Average Public School Cost
Florida Gold Seal Vocational Scholar◦ 75% Tuition and Fees – Public Institution/CC◦ Private School = 75% Average Public School Cost
www.FloridaStudentFinancialAid.org
Unsubsidized Stafford Loans Parent Loans for Undergraduate Students
(PLUS) – up to cost of attendance – credit based
Private Education Loans – Alternative Loans* TEACH Grant – see institution for participation
◦ http://studentaid.ed.gov/PORTALSWebApp/students/english/TEACH.jsp
*Basic Rule – If attendance at a postsecondary institution is required for the loan, it must be counted as a resource for financial aid purposes.
Annual Max Sub MaxFreshman $5500 $3500Sophomore $6500 $4500Junior $7500 $5500Senior $7500 $5500
Note: Plus Denial/Additional Eligibility
Please note that the College Cost Reduction and Access Act (CCRAA) of 2007 cut the fixed interest rates on newly originated subsidized Stafford loans for undergraduate students to:◦ 6.0% (2008-09) ◦ 5.6% (2009-10)◦ 4.5% (2010-11) ◦ 3.4% (2011-12) ◦ Returns to 6.8% in 2012-13
Financial Aid Florida Pre-pay and 529 Plans Cash, check, money order, credit card Tuition Payment Plan
You must pay by the due date or the student will be dropped for non-payment
Getting classes – it’s a tough year in Florida
Family Educational Rights and Privacy Act
Educational records become the students when they turn 18 or attend a postsecondary education institution at any age
Students may give parent permission to receive educational record information by completing a release at the college – see institution for office locations (Answer Center)
www.fafsa.ed.gov (Free application) www.fafsa.ed.gov/help.htm (Application help) www.pin.ed.gov (PIN-e-Signature application) http://www.valenciacc.edu/finaid (Resources) www.studentaid.ed.gov (All about fed. Aid) www.fafsa4caster.ed.gov (Juniors & Seniors) www.nslds.ed.gov (Track your aid)
COLLEGE GOAL SUNDAYSITE ADDRESS DATE TIME
University of Central Florida 4000 Central Florida Blvd., Orlando, FL Feb. 22, 2009
3pm-5pm
Valencia Community College
1800 South Kirkman Road, Orlando, FL Feb. 22, 2009
2pm-5pm
New Covenant Baptist Church
2210 S. Rio Grande Avenue, Orlando, FL Feb. 22, 2009
1pm-4pm
Jones High School (Concert Location)
801 South Rio Grande Avenue, Media Center, Orlando, FL
Feb. 21, 2009
10am-2pm
Oak Ridge High School 6000 Winegard Road, Orlando, FL Feb. 21, 2009
10am-2pm
Frontline Outreach 3000 C R Smith Street, Orlando, FL Feb. 22, 2009
2pm-5pm
TECO 501 Simpson Road, Kissimmee, FL Feb. 22, 2009
1pm-4pm
Chisholm Center 520 South Clara Avenue, Deland, FL Feb. 28, 2009
10am-2pm
Valencia Community College – Answer Center
Phone Number: 407-299-5000 Website: www.valenciacc.edu/finaid College Website: www.valenciacc.edu
High School Night Resource Website: www.valenciacc.edu/finaid/HSN.cfm