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All Slides 2014-15 NT4CM

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    Slide 1

    NTC4M 2014 - 15

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    Overview of

    Financial Aid Programs

    Slide 2

    NTC4M 2014 - 15

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    Financial Aid

    Slide 3

    NTC4M 2014 - 15

    Money from a source other than the familyto assist with the cost of attending college

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    Cost of Attendance (COA)

    Slide 4

    NTC4M 2014 - 15

    Direct costs

    Indirect costs

    COA varies widely from college to college

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    An index used to calculate eligibility foraid

    Stays the same regardless of college

    Two components

    Parent contribution

    Student contribution

    Calculated using FAFSA data and aformula specified in law

    Slide 5

    NTC4M 2014 - 15

    Expected Family Contribution (EFC)

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    Financial Need

    Cost of Attendance (COA)

    Expected Family Contribution (EFC)

    = Financial Need

    Slide 6

    NTC4M 2014 - 15

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    Need-based aid

    Non need-based aid

    Slide 7

    NTC4M 2014 - 15

    Categories of Aid

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    Grants

    Scholarships

    Loans

    Work-StudyPlease Note: Sequestration has had an impact on certain federal aid programs. For more informationgo to: https://studentaid.gov/about/announcements/sequestration

    Slide 8

    NTC4M 2014 - 15

    Types of Aid

    https://studentaid.gov/about/announcements/sequestrationhttps://studentaid.gov/about/announcements/sequestration
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    Sources of Aid

    Slide 9

    NTC4M 2014 - 15

    Federal government

    States

    Colleges

    Private sources

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    Financial Aid Programs: Grants

    Federal Pell Grant

    Teacher Education Assistance for Collegeand Higher Education (TEACH) Grant

    Federal Supplemental EducationalOpportunity Grant (FSEOG)

    Iraq and Afghanistan Service Grant

    Slide 10

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    Federal Pell Grant

    Slide 11

    NTC4M 2014 - 15

    The Federal Pell Grant Program provides need-based grants tolow-income undergraduate students.

    Grant amounts depend on the students:

    Expected Family Contribution (EFC) Enrollment status (full or part-time)

    Attendance status (full academic year or less)

    Pell Grant maximum award per academic

    year:$5,645 (2013-2014)

    * Maximum award may be subject to change pending legislative budgetary adjustments

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    FSEOG

    Slide 12

    NTC4M 2014 - 15

    The Federal Supplemental EducationalOpportunity Grant (FSEOG) Program providesneed-based grants to low-income undergraduatestudents (campus-based aid).

    Grant recipients must be: Pell Grant-eligible

    Current award amounts are from $100 - $4,000

    Not all colleges participate in the FSEOG

    program and funds depend on availability at

    the college

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    TEACH Grant

    Slide 13

    NTC4M 2014 - 15

    The Teacher Education Assistance for College and HigherEducation Grant Program (TEACH) provides assistance tostudents who intend to teach in a public or private elementary orsecondary school that serves students from low-income families.

    Grant recipients must be:

    Enrolled in an institution that participates in the TEACH GrantProgram

    Enrolled in coursework that is necessary to being a career inteaching

    Able to demonstrate certain academic achievements

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    TEACH Grant (Contd)

    Slide 14

    NTC4M 2014 - 15

    The Teach Grant:

    Is not based on financial need

    Is available to both undergraduate and graduate students Provides the following maximum award

    $4,000 (2012-2013)

    TEACH Grant recipients must sign an Agreement to Serve which statesthat the student will: Teach at least four years in a public or private elementary or secondary school

    Teach full-time in a high-need field

    Teach in a school that serves students from low-income families

    If the teaching obligation is not completed, the TEACH Grant must be

    repaid as a Direct Unsubsidized Stafford Loan

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    Iraq/Afghanistan Service Grant

    Slide 15

    NTC4M 2014 - 15

    Students whose parent or guardian died as a result ofmilitary service in Iraq or Afghanistan after September 11,2001, may be eligible for additional Title IV aid.

    Additional Student Eligibili ty Requirements:- Less than 24 years old

    - Enrolled in college at least part-time at the time of the parentsor guardians death

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    Slide 16

    NTC4M 2014 - 15

    Federal Financial Aid Programs

    Campus-Based Programs

    Federal Supplemental Educational

    Opportunity Grant (FSEOG)

    Federal Work-Study (FWS)

    Federal Perkins Loan

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    Loans Federal Perkins Loan

    Subsidized Direct Loan

    Unsubsidized Direct Loan

    PLUS Direct Loans (Parents)

    Work-Study

    Provides part-time jobs for undergraduate and graduate students with financial need, allowingthem to earn money to help pay education expenses

    Eligible employers (On-campus or off-campus employment) Schools

    Federal, state or local public agency Private nonprofit organization

    Community service activities

    Students are paid at least federal minimum wage

    Not all colleges participate in the Federal Work-study programand funding depends on availability at the college

    Slide 17

    NTC4M 2014 - 15

    Federal Financial Aid Programs

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    Federal Perkins Loans

    Slide 18

    NTC4M 2014 - 15

    Federal Perkins Loan

    Your college is the lender

    Payment is owed to the college that made the loan

    Interest charged on this loan is 5%

    Funds depend on financial need and availability at the college

    Not all colleges participate in the Federal Perkins Loan program

    Undergraduate students up to $5,500 a year

    Graduate and professional degree students up to $8,000

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    Slide 19

    NTC4M 2014 - 15

    Federal Financial Aid Programs: Loans

    Direct Stafford Subsidized

    Direct Stafford Unsubsidized

    Direct PLUS (Parent)

    Direct PLUS (Graduate/Professional)

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    Stafford Direct Loans

    Slide 20

    NTC4M 2014 - 15

    Subsidized Loans Government PAYS the

    borrowers accrued interestwhile you are attendingcollege and other eligible

    periods

    Based on Financial Need

    Fixed Rate

    Undergraduate students

    Amount: $3,500-$8,000

    Unsubsidized LoansThe borrowers is responsible for the interest forthe life of the loan

    NOT Based on Financial Need

    Fixed Rate

    Undergraduate and graduate students qualify

    Amount: $5,500-$20,500

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    Direct Plus Loans

    Slide 21

    NTC4M 2014 - 15

    PLUS loans originate through the William D. FordFederal Direct Loan Program (Direct Loans).

    Loan characteristics:

    For parents of dependent students Borrowers may receive loan amounts up to, but not

    exceeding the colleges Cost of Attendance

    Borrower is responsible for all the interest

    Borrower must not have a negative credit history

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    Federal Loan Programs

    *Interest rates may be subject to adjustments pending legislative changes Slide 22

    NTC4M 2014 - 15

    Interest Rate Repayment Additional Info

    Federal Perkins Loan

    5% Fixed 9 months afterschool

    Federal Stafford/ Subsidized 6 months afterschool

    Subsidized: no

    interest charged

    3.86 % Fixed while in schoolDirect Loan Unsubsidized:

    Unsubsidized interest accrues3.86 % Fixed while in school

    Federal ParentPLUS Loan

    6.41% FixedDirect Lending

    Schools

    May be deferreduntil 6 months

    student drop time or 60 daysafter loan is fullydisbursed

    Interest accrueswhile student is in

    school

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    Other Federal Aid Programs

    Slide 23

    NTC4M 2014 - 15

    Corporation for National and CommunityService

    U.S. Department of Veterans Affairs

    Reserve Officers Training Corps (ROTC)

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    Other Federal Aid Programs

    Slide 24

    NTC4M 2014 - 15

    Bureau of Indian Affairs (BIA) Grants

    Vocational rehabilitation benefits

    U.S. Department of Health and HumanServices (HHS)

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    Other Sources of Aid

    Slide 25

    NTC4M 2014 - 15

    Institutional or private tuition plans Other family resources

    Home equity loans Private/alternative loans

    Tuition savings plans (529 plans)

    Employer-sponsored tuition plans

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    Questions/Discussion

    Slide 26

    NTC4M 2014 - 15

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    Applying for Federal

    Student Aid

    Slide 2

    NTC4M 2014 - 15

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    FAFSA Completion Resources

    Slide 3

    NTC4M 2014 - 15

    www.fafsa.gov

    Completing the FAFSA available at:

    www.studentaid.ed.gov/completefafsa

    Do You Need Money for College?

    http://studentaid.ed.gov/sites/default/files/2013-

    14-do-you-need-money.pdf

    College Goal Sunday:

    www.collegegoalsundayusa.org

    http://www.fafsa.gov/http://www.studentaid.ed.gov/completefafsahttp://studentaid.ed.gov/sites/default/files/2013-14-do-you-need-money.pdfhttp://studentaid.ed.gov/sites/default/files/2013-14-do-you-need-money.pdfhttp://www.collegegoalsundayusa.org/http://www.collegegoalsundayusa.org/http://studentaid.ed.gov/sites/default/files/2013-14-do-you-need-money.pdfhttp://studentaid.ed.gov/sites/default/files/2013-14-do-you-need-money.pdfhttp://www.studentaid.ed.gov/completefafsahttp://www.fafsa.gov/
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    FAFSA Completion Tool

    Slide 4

    NTC4M 2014 - 15

    Available at:

    http://studentaid.gov/about/data-center/student/application-volume/fafsa- completion-high-school

    Data available by state or territory

    Report alphabetical by high school

    Shows number of completed and submitted FreeApplications for Federal Student Aid (FAFSAs)

    for current and previous application cycles

    http://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-schoolhttp://studentaid.gov/about/data-center/student/application-volume/fafsa-completion-high-school
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    FAFSA

    Slide 5

    NTC4M 2014 - 15

    Produced by the U.S. Department ofEducation

    Collects familys personal and financial

    information used to calculate students EFC Available in English and Spanish

    Available in three formats:

    On-line PDF (Download from www.fafsa.gov)

    Paper

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    FAFSA on the Web

    Website: www.fafsa.gov 201415 FAFSA on the Web available on

    January 1, 2014

    FAFSA on the Web Worksheet:

    Used as optional pre-application checklist

    Slide 6

    NTC4M 2014 - 15

    http://www.fafsa.gov/http://www.fafsa.gov/
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    FAFSA on the Web

    Slide 7

    NTC4M 2014 - 15

    Good reasons to file electronically:

    Built-in edits to help prevent costly errors

    Simplification: Skip-logic allows student and/or parent to skipunnecessary questions

    Immediate submission of original application and any necessarycorrections

    More detailed instructions than space allows on the paper FAFSA

    Help & Live Chat Assistance Options

    Ability to check application status on-line

    Simplified application process in subsequent years

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    Modifications for 201415

    Slide 8

    NTC4M 2014 - 15

    Many changes to information collected

    from both of a dependent students legal

    parents-without regard to the marital

    status or gender of those parents, if theparents live together.

    Information collected related to other

    parent marital statuses remainsunchanged.

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    Modifications for 201415

    Slide 9

    NTC4M 2014 - 15

    Parent Marital Status Changes

    Single replaced by Never Married

    Unmarried and Both Parents Living Together

    now added Biological Parents or Same Sex Parents

    (regardless of state authority related to marriage)

    should use this response if appropriate

    Smart Logic will modify follow-up questions with

    gender-neutral identifiers: Parent 1 and Parent 2

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    Modifications for 201415

    Unmarried and Both Parents Living Together

    will not be able to use IRS Data Transferoption

    Slide 10

    NTC4M 2014 - 15

    May result in an increased/decreased EFC forprevious filers based on calculations (income

    and/or # in household included now)

    Due to recent U.S. Supreme Court decision on DOMA, the

    Department of Education is reviewing the impact on the federal

    student aid programs

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    Modifications for 201415

    Slide 11

    NTC4M 2014 - 15

    Tax Filing Status Question added for student

    and parent sections-wording same as on tax

    forms with Dont Know option included

    Dollar Amount Fields increased to 7 digits for

    selected questions EFC Field increased to 6 digits

    Untaxed Portions of Health Savings Accounts

    now included in Untaxed Income question for

    student and parent.

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    Question/Instruction Revisions

    Slide 12

    NTC4M 2014 - 15

    Where appropriate, Father/Stepfather/Mother/Stepmother may be replaced with

    Parent 1 and Parent 2

    Untaxed Income question no longerincludes first-time home buyer tax credit

    as it expired with the 2012 tax year

    Change to say must correct that

    information after you file when using

    estimated information

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    Slide 13

    PIN Registration

    Website:www.pin.ed.gov

    Not required, but

    speeds processing May be used by

    students andparents throughout

    aid process,includingsubsequent schoolyears

    NTC4M 2014 - 15

    http://www.pin.ed.gov/http://www.pin.ed.gov/
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    IRS Data Retrieval Tool

    Slide 14

    NTC4M 2014 - 15

    Students completing a 201415 FOTW willbe able to utilize IRS Data Retrieval Toolin early February 2014

    Data available in English and Spanish

    IRS data available within 2-3 weeks for

    electronic filers or 8-11 weeks for papertax filers

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    IRS Data Retrieval Tool

    Slide 15

    NTC4M 2014 - 15

    FOTW includes logic/questions to determine if

    applicant is eligible to use the IRS Data Retrieval

    Tool

    Applicants response will take him or her to the

    IRS system or provide a message that theapplicant should use own financial figures to

    complete FOTW

    Not available for Unmarried and both parentsliving together not eligible to use the IRS Data

    Retrieval

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    Frequent FAFSA Errors

    Slide 16

    NTC4M 2014 - 15

    Parent and Student Social Security Numbers

    Divorced/remarried parental information

    Income earned by parents/stepparents

    Untaxed income

    U.S. income taxes paid

    Household size Number of household members in college

    Real estate and investment net worth

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    FAFSA Processing Results

    Slide 17

    NTC4M 2014 - 15

    CPS notifies student of FAFSA processing

    results by:

    E-mail notification containing a direct link tostudents electronic SAR if students e-mail

    was provided on paper or electronic FAFSA

    Student with FSA PIN can view SAR online at www.fafsa.gov

    http://www.fafsa.gov/http://www.fafsa.gov/
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    FAFSA Processing Results

    Slide 18

    NTC4M 2014 - 15

    Central Processing System (CPS) notifiesstudent of FAFSA processing results by:

    Paper Student Aid Report (SAR) if paperFAFSA was filed and students e-mailaddress was not provided

    SAR Acknowledgement if filedelectronically via FAFSA on the Web andstudents e-mail address was not provided

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    SAR Formats

    Slide 19

    NTC4M 2014 - 15

    E-mail link to electronic SAR

    Paper SAR

    Paper SAR Acknowledgment

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    Making Corrections

    Slide 20

    NTC4M 2014 - 15

    Corrections to FAFSA data may be made by:

    Using FAFSA on the Web (www.fafsa.gov) if

    student has a FSA PIN

    Updating and mailing paper SAR

    Submitting documentation to schools financial

    aid office

    Corrections required if estimated income

    used for initial filing

    http://www.fafsa.gov/http://www.fafsa.gov/
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    Correcting Estimated Tax

    Information

    Slide 21

    NTC4M 2014 - 15

    Many families complete the FAFSA using

    estimated tax information to meet early

    deadlines

    Encourage families to submit updated tax

    information using the IRS Data Retrieval

    Tool

    Not using process can make it more difficultfor families to complete verification

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    Verification

    Slide 22

    NTC4M 2014 - 15

    Process by which the Department of

    Education (ED) through the financial aid

    office confirms that information provided by

    students and families on the FAFSA isaccurate

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    Verification

    Slide 23

    NTC4M 2014 - 15

    Students can be selected for verification

    by:

    ED or college

    Items to be verified will vary

    Process

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    Cost of Attendance (COA)

    Slide 24

    NTC4M 2014 - 15

    Estimate of a students costs for a

    specified period

    Includes direct and indirect costs

    Major component of determining a

    students financial need

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    Reviewing and Comparing Award

    Letters

    Slide 25

    NTC4M 2014 - 15

    Out of pocket expenses after financial aid

    Mix of grants and self-help aid

    Future award packages

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    Establishing a Relationship with the

    Financial Aid Office

    Slide 26

    NTC4M 2014 - 15

    Importance

    Questions to ask

    Benefits

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    Questions/Discussion

    Slide 27

    NTC4M 2014 - 15

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    Student Dependency Status

    Slide 2

    NTC4M 2014 - 15

    Wh t M k St d t I d d t?

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    Born before 1/1/91 (for 20142015 year)

    Married

    Graduate or professional student

    Slide 3

    NTC4M 2014 - 15

    What Makes a Student Independent?

    Wh t M k St d t I d d t?

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    Active duty military for purposes other

    than training

    Veteran

    Slide 4

    NTC4M 2014 - 15

    What Makes a Student Independent?

    Wh t M k St d t I d d t?

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    Children

    Dependents other than children or spouse

    Slide 5

    NTC4M 2014 - 15

    What Makes a Student Independent?

    Wh t M k St d t I d d t?

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    Orphan, foster care, dependent/ward of

    the court

    Emancipated minor

    Legal guardianship

    Slide 6

    NTC4M 2014 - 15

    What Makes a Student Independent?

    Wh t M k St d t I d d t?

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    What Makes a Student Independent?

    Slide 7

    NTC4M 2014 - 15

    Homeless or at risk of becoming homeless

    As determined by agency specified in FAFSA

    instructions

    Or by financial aid administrator

    D d O id

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    Dependency Overrides

    Slide 8

    NTC4M 2014 - 15

    Financial Aid Administrators have authority

    to change the filing status from dependent

    independent

    Student must present documentation of

    situation

    D d O id

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    Special circumstances: Abuse at home

    Abandonment by parents

    NOT special circumstances: Parents dont claim student on taxes

    Student does not live with parents and supports self

    Parents dont want to help pay for college

    Parents refuse to provide information for FAFSA

    Slide 9

    NTC4M 2014 - 15

    Dependency Overrides

    D d O id

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    Documentation from third party:

    Teacher

    Social worker

    Member of clergy

    Court Law enforcement

    Slide 10

    NTC4M 2014 - 15

    Dependency Overrides

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    Completion of FAFSA

    Without ParentalInformation

    Slide 11

    NTC4M 2014 - 15

    N A t P t l I f ti

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    No Access to Parental Information

    Slide 12

    NTC4M 2014 - 15

    FOTW asks whether student will provideparental data

    If no, student indicates he or she meetsspecial circumstances criteria

    Student can submit FAFSA without parentinformation

    FAFSA will have reject code

    Student needs to work with school tocomplete application

    Parents Refuse to Provide Information

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    Student indicates situation on FOTW,choosing option that he or she is applyingonly for an unsubsidized loan

    Student submits FAFSA without parentalinformation

    EFC not calculated

    Student must contact school regardingdocumentation and decision

    Slide 13

    NTC4M 2014 - 15

    Parents Refuse to Provide Information

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    Who Qualifies

    as a Parent for aDependent Student?

    Slide 14

    NTC4M 2014 - 15

    Wh I P t?

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    Who Is a Parent?

    Slide 15

    NTC4M 2014 - 15

    Biological parents

    Adoptive parents

    Stepparents, if they are married to the

    students biological or adoptive parent and

    the student is included in their household

    size

    Who Is NOT a Parent?

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    Foster parents

    Legal guardians who have not adopted

    the student

    Relatives who have not adopted the

    student

    Stepparents who have not adopted the

    student and who would be the only personproviding parental information

    Slide 16

    NTC4M 2014 - 15

    Who Is NOT a Parent?

    Case Study: Lisa

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    1. Lisas parents are divorced. She lives

    with mom and only stays with dad a few

    weeks during the summer.

    2. Lisas dad makes more money than her

    mom.

    3. Lisa now lives half time with dad, halftime with mom.

    Slide 17

    NTC4M 2014 - 15

    Case Study: Lisa

    Case Study: Lisa

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    4. Lisas mom remarries. Does stepdads

    information go on her FAFSA?

    5. Lisas stepdad has his own kids. ShouldLisas leave his information off her

    FAFSA?

    Slide 18

    NTC4M 2014 - 15

    Case Study: Lisa

    Case Study: Shawn

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    1. Shawns mom passed away, and hedoesnt get along with dad. Shawn lives

    with his older sister and her husband.

    2. Shawns dad is now incarcerated. Should

    Shawn take a paper FAFSA on a visit for

    information and a signature?

    Slide 19

    NTC4M 2014 - 15

    Case Study: Shawn

    Case Study: Carlos

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    1. Carlos lives with his grandmother to takepressure off his mom.

    2. Carlos grandmother has been named hislegal guardian.

    Slide 20

    NTC4M 2014 - 15

    Case Study: Carlos

    Questions

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    Questions

    Slide 21

    NTC4M 2014 - 15

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    Counseling

    Undocumented Students

    about Financial Aid

    Slide 2

    NTC4M 2014 - 15

    Agenda

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    Agenda

    Slide 3

    NTC4M 2014 - 15

    Undocumented students

    Federal financial aid

    State aid

    Other aid sources

    Counseling undocumented students

    What Does It Mean to be

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    What Does It Mean to be

    Undocumented?

    Slide 4

    NTC4M 2014 - 15

    Individual lacks the documents required

    for immigration or legal residence

    Individuals may have: Entered the country legally on a temporary

    basis and stayed after documents expired

    Entered without documents Been brought into the country by someone

    else

    Statistics about

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    Statistics about

    Undocumented Students

    Slide 5

    NTC4M 2014 - 15

    1.1 million are children under 18

    Another four million children are U.S.

    citizens by birth

    Approximately 65,000 undocumented

    students graduate from U.S. high schoolsevery year

    Undocumented Parents

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    Undocumented Parents

    Slide 6

    NTC4M 2014 - 15

    Parents undocumented status usually does notaffect students eligibility to apply for certain

    types of aid

    Eligibility depends on students status

    Federal or state laws do not require students to

    prove citizenship in order to enter U.S.institutions of higher education; however,

    institutional policies on admitting undocumented

    students vary

    Federal Aid

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    Federal Aid

    Slide 7

    NTC4M 2014 - 15

    Definitions outlined in Volume 1, Chapter 2 of the Federal StudentAid Handbook

    http://ifap.ed.gov/fsahandbook/attachments/1213FSAHbkVol1Ch2.pdf

    Completing the FAFSASM

    2012-13http://studentaid.ed.gov/sites/default/files/2012-13-completing-the-

    fafsa.pdf

    Completing the FAFSASM 2013-14

    http://studentaid.ed.gov/sites/default/files/2013-14-completing-fafsa.pdf

    Federal Aid

    http://ifap.ed.gov/fsahandbook/attachments/1213FSAHbkVol1Ch2.pdfhttp://studentaid.ed.gov/sites/default/files/2012-13-completing-the-fafsa.pdfhttp://studentaid.ed.gov/sites/default/files/2012-13-completing-the-fafsa.pdfhttp://studentaid.ed.gov/sites/default/files/2013-14-completing-fafsa.pdfhttp://studentaid.ed.gov/sites/default/files/2013-14-completing-fafsa.pdfhttp://studentaid.ed.gov/sites/default/files/2013-14-completing-fafsa.pdfhttp://studentaid.ed.gov/sites/default/files/2013-14-completing-fafsa.pdfhttp://studentaid.ed.gov/sites/default/files/2013-14-completing-fafsa.pdfhttp://studentaid.ed.gov/sites/default/files/2013-14-completing-fafsa.pdfhttp://studentaid.ed.gov/sites/default/files/2013-14-completing-fafsa.pdfhttp://studentaid.ed.gov/sites/default/files/2013-14-completing-fafsa.pdfhttp://studentaid.ed.gov/sites/default/files/2012-13-completing-the-fafsa.pdfhttp://studentaid.ed.gov/sites/default/files/2012-13-completing-the-fafsa.pdfhttp://ifap.ed.gov/fsahandbook/attachments/1213FSAHbkVol1Ch2.pdf
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    Federal Aid

    Slide 8

    NTC4M 2014 - 15

    To be eligible for federal aid, students mustbe:

    U.S. citizens or nationals;

    U.S. permanent residents; Citizens of the Freely Associated States

    (Micronesia, Palau, and the Marshall

    Islands); or Other eligible noncitizens

    Categories of Eligible Noncitizens

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    Categories of Eligible Noncitizens

    Slide 9

    NTC4M 2014 - 15

    Persons granted asylum Persons paroled into the U.S. for at least one

    year

    Refugees Victims of human trafficking

    Battered immigrants-qualified aliens and their

    designated children

    Conditional entrants

    Cuban-Haitian entrants

    Eligible Noncitizens

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    Eligible Noncitizens

    Slide 10

    NTC4M 2014 - 15

    Can often document their status with anI-94, or Arrival-Departure Record

    Can usually apply for permanentresidency after specified time period, such

    as one year

    The postsecondary institution, not DOE,

    determines a students citizenship status

    Ineligible Immigration Statuses

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    Ineligible Immigration Statuses

    Slide 11

    NTC4M 2014 - 15

    Family unity status

    Temporary residents

    Non-immigrant visas for work, students,

    tourists, and foreign government officials

    State Legislation

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    State Legislation

    Slide 12

    NTC4M 2014 - 15

    Beginning in 2001, a number of states havepassed legislation that allows undocumented

    students to pay in-state tuition at public

    colleges and universities

    States that have Enacted Legislation

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    States that have Enacted Legislation

    Granting In-State Tuition (as of 8/8/13)

    Slide 13

    NTC4M 2014 - 15

    California

    Colorado

    Illinois

    Kansas

    Nebraska

    New Mexico

    New York

    Oklahoma

    Oregon

    Texas

    Utah

    Washington

    Wisconsin

    Maryland

    Minnesota

    Connecticut

    States that have Enacted Legislation

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    States that have Enacted Legislation

    Prohibiting In-State Tuition

    Slide 14

    NTC4M 2014 - 15

    Arizona

    Georgia

    Indiana

    Eligibility Criteria for In-State Tuition

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    Eligibility Criteria for In State Tuition

    Slide 15

    NTC4M 2014 - 15

    See State University System Floridahttp://www.flbog.edu/forstudents/ati/resrequirements.php

    See Residency Guidelines on Florida Virtual

    Campussite

    State Models for Undocumented

    http://www.flbog.edu/forstudents/ati/resrequirements.phphttp://www.flvc.org/flvc/portal/Home_Page/Advising_Manuals/Residency_Guidelines/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3iDEEtPfx9TQwN3Sz8DA093C38_M19_A38DU30_j_zcVP2CbEdFAPIe65Y!/http://www.flvc.org/flvc/portal/Home_Page/Advising_Manuals/Residency_Guidelines/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3iDEEtPfx9TQwN3Sz8DA093C38_M19_A38DU30_j_zcVP2CbEdFAPIe65Y!/http://www.flvc.org/flvc/portal/Home_Page/Advising_Manuals/Residency_Guidelines/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3iDEEtPfx9TQwN3Sz8DA093C38_M19_A38DU30_j_zcVP2CbEdFAPIe65Y!/http://www.flvc.org/flvc/portal/Home_Page/Advising_Manuals/Residency_Guidelines/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3iDEEtPfx9TQwN3Sz8DA093C38_M19_A38DU30_j_zcVP2CbEdFAPIe65Y!/http://www.flbog.edu/forstudents/ati/resrequirements.php
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    State Models for Undocumented

    Student Eligibility

    Slide 16

    NTC4M 2014 - 15

    Redefine residency for the purpose of tuition charges

    Make exemptions for payment of out-of- state tuition for certain

    categories of students

    Students may also want to check with the Admissions officeregarding the availability of an institutional-based exception

    Florida does not have either of the above for undocumented

    students

    Notice of PROPOSEDRule 6A-10.044(Residency forTuition Purposes)

    Aid from Colleges and Universities

    https://www.flrules.org/gateway/notice_Files.asp?ID=13408618https://www.flrules.org/gateway/notice_Files.asp?ID=13408618
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    Aid from Colleges and Universities

    Slide 17

    NTC4M 2014 - 15

    Institutional scholarships, grants, loans, orwork-study programs

    Availability of institutional aid varies widely

    Scholarship funds come with a merit

    component

    Check it out: Many Florida institutions

    have an office for international students

    Aid from Private Sources

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    Aid from Private Sources

    Slide 18

    NTC4M 2014 - 15

    Fast Web

    Mexican

    American LegalDefense and

    Education Fund

    Get Ready forCollege

    Latino CollegeDollars

    Scholarships forHispanics

    Genesco

    Migrant Center

    Be Proactive with Private Aid

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    e oac e a e d

    Slide 19

    NT4CM 2014 - 15

    Locating private aid sources is laborintensive and time consuming

    Be proactive and identify local sources ofaid

    Make information easily available

    Good project for student assistants or local

    organization

    Counseling Undocumented Students

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    g

    Slide 20

    NT4CM 2014 - 15

    Safe environment

    Non-threatening

    Not required to report status

    Be supportive

    Counseling Resources

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    g

    Slide 21

    NT4CM 2014 - 15

    Be proactive

    Be aware of what is available at state and

    local level

    Include the students family in counseling

    Student Options for Federal Aid

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    p

    Slide 22

    NT4CM 2014 - 15

    May need to refer undocumented students toan attorney familiar with immigration law and

    regulations about the feasibility of student

    obtaining permanent status in the U.S.

    DREAM Act for Undocumented

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    Students

    Slide 23

    NT4CM 2014 - 15

    The DREAM Act is a bipartisan legislation pioneeredby Senator Orin Hatch (Utah) and Senator Richard

    Durbin (Illinois)

    Under provisions of the DREAM Act, qualifyingundocumented youth would be eligible for a 6 year long

    conditional path to citizenship that requires completion of

    a college degree or two years of military service

    The DREAM Act legislation has not yet passed

    Deferred Action for Childhood Arrivals

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    Slide 24

    NT4CM 2014 - 15

    August 14, 2012, President Obama provided an executive orderthrough the Department of Homeland Security (DHS) to assist

    students until the DREAM act is passed

    Eligible children include:

    Came to the United States under the age of sixteen

    Have continuously resided in the United States for a least five years preceding

    the date of this memorandum and are present in the United States on the date

    of this memorandum

    Are currently in school, have graduated from high school, have obtained a

    general education development certificate, or are honorably discharged veterans

    of the Coast Guard or Armed Forces of the United States

    Have not been convicted of a felony offense, a significant misdemeanor offense,

    multiple misdemeanor offenses, or otherwise pose a threat to national security

    or public safety;

    Are not above the age of thirty

    Deferred Action for Childhood Arrivals

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    Slide 25

    NT4CM 2014 - 15

    Undocumented students (DREAMers)may apply

    for deferred action immigration

    It is not a program for permanent residency, but

    it does provide youths who meet the criteria

    temporary protection from deportation, as well

    as the ability to work legally and stop using fakeSocial Security cards or laboring off the books

    Deferred Action for Childhood Arrivals

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    Slide 26

    NT4CM 2014 - 15

    Formsavailable online

    Individuals requesting consideration of deferred action for childhood

    arrivals must submit Form I-821D, Consideration of Deferred Action

    for Childhood Arrivals, Form I-765, Application for Employment

    Authorization (with accompanying fees); and an I-765WS,

    Worksheet.

    The website, www.uscis.gov/childhoodarrivals, includes a flier, a

    How do I brochure, frequently asked questions, and a number of

    other resources

    USCIS encourages individuals with questions to visit this website or

    call the USCIS National Customer Service line at 1-800-375-5283

    Deferred Action for Childhood Arrivals

    http://www.uscis.gov/portal/site/uscis/menuitem.5af9bb95919f35e66f614176543f6d1a/?vgnextoid=9296f6c546129310VgnVCM100000082ca60aRCRD&vgnextchannel=a2dd6d26d17df110VgnVCM1000004718190aRCRDhttp://www.uscis.gov/portal/site/uscis/menuitem.5af9bb95919f35e66f614176543f6d1a/?vgnextoid=05faf6c546129310VgnVCM100000082ca60aRCRD&vgnextchannel=db029c7755cb9010VgnVCM10000045f3d6a1RCRDhttp://www.uscis.gov/i-765http://www.uscis.gov/USCIS/Forms/Form%20Static%20Files/i-765ws.pdfhttp://www.uscis.gov/USCIS/Forms/Form%20Static%20Files/i-765ws.pdfhttp://www.uscis.gov/childhoodarrivalshttp://www.uscis.gov/USCIS/Humanitarian/Deferred%20Action%20for%20Childhood%20Arrivals/daca-consider.pdfhttp://www.uscis.gov/USCIS/Resources/daca.pdfhttp://www.uscis.gov/USCIS/Resources/daca.pdfhttp://www.uscis.gov/USCIS/Resources/daca.pdfhttp://www.uscis.gov/USCIS/Humanitarian/Deferred%20Action%20for%20Childhood%20Arrivals/daca-consider.pdfhttp://www.uscis.gov/childhoodarrivalshttp://www.uscis.gov/USCIS/Forms/Form%20Static%20Files/i-765ws.pdfhttp://www.uscis.gov/USCIS/Forms/Form%20Static%20Files/i-765ws.pdfhttp://www.uscis.gov/i-765http://www.uscis.gov/portal/site/uscis/menuitem.5af9bb95919f35e66f614176543f6d1a/?vgnextoid=05faf6c546129310VgnVCM100000082ca60aRCRD&vgnextchannel=db029c7755cb9010VgnVCM10000045f3d6a1RCRDhttp://www.uscis.gov/portal/site/uscis/menuitem.5af9bb95919f35e66f614176543f6d1a/?vgnextoid=9296f6c546129310VgnVCM100000082ca60aRCRD&vgnextchannel=a2dd6d26d17df110VgnVCM1000004718190aRCRD
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    Slide 27

    NT4CM 2014 - 15

    You do not need to pay to have these forms filled out

    Unauthorized practitioners of immigration law may try to

    take advantage of individuals by charging a fee to submit

    forms to USCIS, or provide other services

    The USCIS websitewww.uscis.gov/avoidscamsincludestips on filing forms, reporting scams and finding

    accredited legal services

    U. S. Citizenship and Immigration Services at

    http://www.uscis.gov/portal/site/uscisis a good resource

    Questions

    http://www.uscis.gov/avoidscamshttp://www.uscis.gov/portal/site/uscishttp://www.uscis.gov/portal/site/uscishttp://www.uscis.gov/avoidscams
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    Slide 28

    NTC4M 2014 - 15

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    And the Number Is

    Slide 2

    NTC4M 2014 - 15

    Agenda

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    How the expected family contribution(EFC) is calculated

    Appropriate use of professional judgment

    Role of high school counselors and

    mentors in need analysis and professional

    judgment

    Slide 3

    NTC4M 2014 - 15

    g

    Importance of Learning about EFC

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    p g

    Calculations and Professional

    Slide 4

    NTC4M 2014 - 15

    Judgment Counselors and mentors are a critical

    source of information about the financial

    aid process

    Help in counseling students and families

    about applying for aid and understanding

    output

    Need Analysis

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    y

    Slide 5

    NTC4M 2014 - 15

    Need analysis has two parts:

    Estimating a students college costs

    Calculating the EFC

    Guiding Principles of Need Analysis

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    g p y

    Slide 6

    NTC4M 2014 - 15

    Parents and students have the primaryresponsibility for meeting college costs

    The distribution of financial aid resources

    should be based on the familys ability topaynot willingness to pay

    The assessment of a familys ability to pay

    should be independent of the amount offinancial aid available and cost ofattending college

    Guiding Principles of Need Analysis

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    g p y

    Slide 7

    NTC4M 2014 - 15

    The need analysis formula should providea snapshot of the familys financial

    circumstances at the time of application

    The need analysis results are abenchmark. As such, the final assessment

    of a familys ability to contribute to the

    students college costs is subject to theprofessional judgment of the financial aid

    administrator

    The EFC Formula

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    Slide 8

    NTC4M 2014 - 15

    Detailed in the Higher Education Act of1965, as amended (HEA)

    Must be used to determine a studentseligibility for federal student aid

    The EFC Formula

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    Slide 9

    NTC4M 2014 - 15

    Calculates a family contribution

    Both the student and parents bear

    responsibility for paying for college

    Separate models for dependent and

    independent students

    Assumes enrollment for a full academicyear (approximately 9 months)

    EFC Formula: Income

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    Slide 10

    NTC4M 2014 - 15

    Total income is the sum of:

    Taxable income (tax filers) or income

    earned from work (nonfilers)

    Untaxed income

    EFC Formula: Additional Financial

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    Information

    Slide 11

    NTC4M 2014 - 15

    Education tax credits

    Child support paid

    Taxable earnings from need-based

    employment programs

    EFC Formula: Additional Financial

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    Information

    Slide 12

    NTC4M 2014 - 15

    Grant and scholarship aid reported as partof adjusted gross income (AGI)

    Taxable combat pay or special combat

    pay

    Earnings from work under a cooperative

    education program offered by a college

    EFC Formula: Allowances

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    Slide 13

    NTC4M 2014 - 15

    U.S. income tax paid

    State and other taxes

    Social Security taxes

    Income protection allowance

    Employment expense allowance

    EFC Formula: Available Income

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    Slide 14

    NTC4M 2014 - 15

    Amount of income remaining after allapplicable allowances have been subtracted

    EFC Formula: Assets

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    Slide 15

    NTC4M 2014 - 15

    Reported on the FAFSA:

    Current balance of cash, savings, andchecking accounts

    Net worth of investments, including realestate but excluding the familys primaryresidence

    Net worth of businesses and investmentfarms

    EFC Formula: Treatment of Assets

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    Slide 16

    NTC4M 2014 - 15

    Two primary family assets not reported onthe FAFSA:

    Familys primary residence

    Retirement plans

    EFC Formula: Assets

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    Slide 17

    NTC4M 2014 - 15

    Parents contribution from assets:

    Education Savings and Asset Protection

    Allowance subtracted from net worth

    Contribution is 12% of remaining assets

    EFC Formula: Assets

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    Slide 18

    NTC4M 2014 - 15

    Students contribution from assets:

    20% of net worth

    EFC Formula: Parents Total

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    Contribution

    Parents available income

    + Parents contribution from assets

    = Parents adjusted available income

    Slide 19

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    EFC Formula: Parents: Total

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    Contribution

    Slide 20

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    Parents total contribution from adjustedavailable income:

    Calculated using a table

    Percentage of adjusted available income; or

    Base amount plus percentage of adjusted

    available income

    EFC Formula: Parent Contribution

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    Parents total contributionfrom adjusted available income

    Number of family members in college

    Slide 21

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    EFC Formula: Student Contribution

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    50% of students available income

    + Students contribution from assets

    Student contribution

    Slide 22

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    EFC Formula: EFC

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    Parent contribution

    + Student contribution

    Expected family contribution

    Slide 23

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    EFC Formula: Helpful Highlights

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    Slide 24

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    Family bears some responsibility to pay forcollege

    Purpose of the income protection

    allowance

    Source of parent contribution

    EFC not necessarily what the family willpay out of pocket

    Professional Judgment: Definition

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    Slide 25

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    the authority of the financial aidadministrator, on the basis of adequate

    documentation, to make adjustments on a

    case-by-case basis to the cost of attendanceor the values of the data items required to

    calculate the expected student or parent

    contribution (or both) to allow for treatment

    of an individual eligible applicant with special

    circumstances."

    Professional Judgment: Basics

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    Slide 26

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    Families cannot report specialcircumstances on the FAFSA

    Professional judgment exercised after the

    family files the FAFSA and completes

    verification (if required)

    Professional judgment exercised by thefinancial aid administrator

    Professional Judgment: Application

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    Slide 27

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    Common professional judgment situations

    Situations where professional judgment is

    not appropriate

    Professional Judgment: Process

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    Slide 28

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    Varies from college to college

    Documentation

    Authority of the financial aid administrator

    Role of High School Counselors

    d M t

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    and Mentors

    Slide 29

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    Need analysis Explain purpose of the EFC formula

    Discuss confusing aspects of the formula

    Professional judgment

    Explain the general concept

    Explain appropriate use

    Questions/Discussion

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    Slide 30

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    Searching for Scholarships

    Slide 2

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    Scholarship Sources

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    Slide 3

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    Federal

    State

    Institutional

    Private

    Federal Sources

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    Slide 4

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    U.S. Department of Education

    U.S. Department of Health and Human

    Services

    U.S. Armed Forces

    State and Institutional Sources

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    Slide 5

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    www.FloridaStudentFinancialAid.org

    See the financial aid office at thepostsecondary institution

    Private Sources

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    Slide 6

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    Foundations

    Community organizations and civic groups

    Religious or ethnicity-based organizations

    Organizations related to students field

    Local businesses and employers

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    Internet Research Tools

    Slide 7

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    Typical On-line

    Scholarship Search

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    Scholarship Search

    Slide 8

    NTC4M 2014 - 15

    http://studentaid.gov/types/grants-scholarships/finding- scholarships

    Always use free searches!

    Other resources available

    Guidelines on when and how to apply

    Department of Labor scholarship search engine:

    http://www.careerinfonet.org/scholarshipsearch/Scholarshi

    pCategory.asp?searchtype=category&nodeid=22

    http://studentaid.ed.gov/types/grants-scholarships/finding-scholarshipshttp://studentaid.ed.gov/types/grants-scholarships/finding-scholarshipshttp://www.careerinfonet.org/scholarshipsearch/ScholarshipCategory.asp?searchtype=category&nodeid=22http://www.careerinfonet.org/scholarshipsearch/ScholarshipCategory.asp?searchtype=category&nodeid=22http://www.careerinfonet.org/scholarshipsearch/ScholarshipCategory.asp?searchtype=category&nodeid=22http://www.careerinfonet.org/scholarshipsearch/ScholarshipCategory.asp?searchtype=category&nodeid=22http://studentaid.ed.gov/types/grants-scholarships/finding-scholarshipshttp://studentaid.ed.gov/types/grants-scholarships/finding-scholarships
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    Avoiding Financial Aid Fraud

    Slide 9

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    Fraud Warning Signs

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    Slide 10

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    Students unaware of free resources

    Students pay for help or guaranteed aid

    before seeking advice from knowledgeableadult

    Common Fraud Complaints

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    Slide 11

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    Paying for guaranteed aid and notreceiving anything

    Paying for help to find aid

    Paying to file the FAFSA

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    Resources for Avoiding

    Financial Aid Fraud

    Slide 12

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    Resources

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    Slide 13

    NTC4M 2014 - 15

    Save Your Money, Save Your Identity

    http://studentaid.gov/sites/default/files/save-your-money-and-

    identity.pdf

    Dont Get Scammed On Your Way To College:

    http://studentaid.gov/sites/default/files/dont-get-scammed.pdf

    1-800 MIS-USED (800-647-8733)

    Federal Trade Commission Site

    http://studentaid.gov/sites/default/files/save-your-money-and-identity.pdfhttp://studentaid.gov/sites/default/files/save-your-money-and-identity.pdfhttp://studentaid.ed.gov/sites/default/files/dont-get-scammed.pdfhttp://studentaid.ed.gov/sites/default/files/dont-get-scammed.pdfhttp://studentaid.gov/sites/default/files/save-your-money-and-identity.pdfhttp://studentaid.gov/sites/default/files/save-your-money-and-identity.pdf
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    Slide 14

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    Handouts

    Lists of individuals and companies found

    guilty of fraud

    Complaint form

    Publications to order

    Questions/Discussion

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    Slide 15

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    State Aid ProgramsNeed

    MeritSpecial Interest

    Web Resources

    Slide 2

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    State of Florida Scholarships & Grants

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    Funded by the General Appropriations Act (FloridaLegislature)

    Administered by the Florida Department of

    Education, Office of Student Financial Assistance

    (OSFA)

    Slide 3

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    Need-based Aid

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    Florida Student Assistance Grant Programs (Public,

    Private and Postsecondary)

    Florida Public Postsecondary Career Education Student

    Assistance Grant

    Florida Work Experience Program First Generation Matching Grant Program

    Jos Mart Scholarship Challenge Grant Fund

    Mary McLeod Bethune Scholarship Program

    Rosewood Family Scholarship Program

    Slide 4

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    Need-based Aid

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    Florida Student Assistance Grant

    A need-based grant for Florida residents

    Enrolled at least part-time in a degree program at a public

    postsecondary institution, or

    Enrolled full-time in a degree program at an eligible privatepostsecondary institution

    All Florida residents with EFC below:

    5,273 Public Universities & Florida State Colleges

    6,080 Private (non-profit institutions)

    5,542 Postsecondary (for-profit institutions)

    Slide 5

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    Need-based Aid

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    Florida Student Assistance Grant (continued)

    2013-14 annual minimum award $200/maximum award

    $2,610

    Apply with postsecondary institution and complete the

    FAFSA

    Slide 6

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    Need-based Aid

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    Florida Public Postsecondary Career Education

    Student Assistance GrantA need-based program for Florida residents enrolled at

    least part-time in a certificate program of at least 450clock hours (or the equivalent)

    Enrolled in a Florida State College (community college)or career center operated by a district school board

    2013-14 annual minimum award $200/maximum award$2,610

    Apply with postsecondary institution and complete theFAFSA

    Slide 7

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    Need-based Aid

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    Florida Work Experience Program

    Provides work experiences to eligible Florida students to

    complement and reinforce educational and career goals

    A need-based program for Florida residents enrolled at

    least part-time in a degree program at an eligible non-profit institution

    Award amount determined by need

    Apply with postsecondary institution and complete theFAFSA

    Slide 8

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    Need-based Aid

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    First Generation Matching Grant

    Florida residents attending a state university or Florida

    State College (community college) whose parents have

    not earned baccalaureate or higher degrees

    Award determined by postsecondary institution (fundscontingent on matching contributions)

    Apply via state university or Florida State Colleges and

    complete the FAFSA

    Slide 9

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    Need-based Aid

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    Jos Mart Scholarship Challenge Grant

    Highly competitive, need-based merit scholarship for

    students of Hispanic origin based on highest need and

    highest GPA

    2013-14 award $2,000/yearApply via the Florida Financial Aid Application (FFAA) by

    April 1 and the FAFSA processed error-free by May 15

    Slide 10

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    Need-based Aid

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    Mary McLeod Bethune Scholarship

    Need-based merit scholarship for Florida residents who

    attend Bethune-Cookman University, Edward Waters

    College, Florida A & M University, and Florida Memorial

    University 2013-14 award $3,000/year

    Apply at institutions financial aid office

    Slide 11

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    Need-based Aid

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    Rosewood Family Scholarship

    Direct descendants of Rosewood families

    2013-14 award = tuition and fees up to a maximum

    award of $4,000/year

    Apply via FFAA by April 1

    Complete the FAFSA processed error-free by May 15

    Slide 12

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    Merit-based Aid

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    Florida Bright Futures Scholarship Program

    Slide 13

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    Merit-based Aid

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    Florida Bright Futures Scholarship

    A merit scholarship based on high school performancein specified course work, test scores, and communityservice Florida Academic Scholars award

    Academic Top Scholars award Florida Medallion Scholars award Florida Gold Seal Vocational Scholars award

    Students must apply no later than high school

    graduation

    See latest requirements set by Florida Legislaturehttp://www.FloridaStudentFinancialAid.org/SSFAD/home/latestInfo.htm

    Slide 14

    NTC4M 2014 - 15

    Merit-based Aid

    http://www.floridastudentfinancialaid.org/SSFAD/home/latestInfo.htmhttp://www.floridastudentfinancialaid.org/SSFAD/home/latestInfo.htm
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    Florida Bright Futures Scholarship (continued)

    Award amount based on scholarship and institutiontype as set by the Florida Legislature in the General

    Appropriations Act (See award amounts)

    http://www.FloridaStudentFinancialAid.org/SSFAD/bf/

    Apply via the FFAA online at

    www.FloridaStudentFinancialAid.org(Application opens

    December 1 and closes August 31)

    Slide 15

    NTC4M 2014 - 15

    Merit-based Aid

    http://www.floridastudentfinancialaid.org/SSFAD/bf/http://www.floridastudentfinancialaid.org/http://www.floridastudentfinancialaid.org/http://www.floridastudentfinancialaid.org/SSFAD/bf/
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    Florida Bright Futures Scholarship (continued)

    WebEx training provided August through May for high

    school counselors

    For registration information, see Help page in the Online

    Transcript Entry & Evaluation System

    Slide 16

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    Tuition Assistance/Special Interest

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    William L. Boyd, IV, Florida Resident AccessGrant

    Access to Better Learning and Education Grant

    Scholarships for Children & Spouses of Deceased

    or Disabled Veterans

    Slide 17

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    Tuition Assistance

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    William L. Boyd, IV, Florida Resident Access Grant

    For Florida residents enrolled full-time in a

    baccalaureate degree program at eligible private

    postsecondary institutions

    2013-14 award $2,500/year

    Apply through financial aid office

    Slide 18

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    Tuition Assistance

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    Access to Better Learning and Education Grant

    For Florida residents enrolled full-time in a

    baccalaureate degree program at eligible private

    postsecondary institutions

    2013-14 award $1,161/year

    Apply through financial aid office

    Slide 19

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    Special Interest

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    Scholarships for Children/Spouses of Deceased or

    Disabled Veterans Dependent children or unremarried spouses of Florida

    veterans who: Died as a result of service-connected injuries, diseases, or

    disabilities

    Sustained service-connected 100% permanent and total disabilities Dependent children whose parent is classified as POW or

    MIA or civilian personnel captured while serving withconsent or authorization of U.S. government during wartime

    Award equal to cost of tuition & fees at a public institution Flat award at a private institution, equivalent to comparable public

    Apply via FFAA by April 1 for priority funding

    Slide 20

    NTC4M 2014 - 15

    Web Resourceswww.FloridaStudentFinancialAid.org

    http://www.floridastudentfinancialaid.orgg/http://www.floridastudentfinancialaid.orgg/
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    Slide 21

    NTC4M 2014 - 15

    Web Resources

    State Programs Home Page

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    g g

    Slide 22

    NTC4M 2014 - 15

    Web Resources

    State Programs Home Page

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    g g

    Slide 23

    NTC4M 2014 - 15

    Apply Here 2014-15 Florida Financial Aid ApplicationOpen beginning December 1, 2013

    Apply one time for consideration of state scholarships

    and grantsDont forget to read the Before You Begin pages! Outlines the financial aid process

    Provides timelines and definitions

    Web Resources

    State Programs Home Page

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    g g

    Slide 24

    NTC4M 2014 - 15

    Applicant Quick Links Student Application: 2014-15 Florida Financial AidApplication

    View Student Financial Aid History:

    Scholarship status eligible/ineligible and reasons Hours remaining

    Disbursement information

    ISIR information from FAFSA

    ALL notifications from OSFA will be posted here!

    Web Resources

    State Programs Home Page

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    g g

    Slide 25

    NTC4M 2014 - 15

    Applicant Quick Links (continued)Update My Demographics SSN changes, emailaddress, postal address, postsecondary institution

    Check My Status check the status of an award in

    progress and check certifications (GPA, test scores)

    Web Resources

    Bright Futures Home Page

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    Slide 26

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    Web Resources

    Bright Futures Home Page

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    Slide 27

    NTC4M 2014 - 15

    Whats New latest legislative updates

    Administrator Quick Links resources for counselors,

    comprehensive course table

    Contacts

    Toll-free 1-888-827-2004

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    Slide 28

    NTC4M 2014 - 15

    Information & Training

    Barbara Dombrowski [email protected]

    Outreach Team Management

    Lori Auxier, Director [email protected]

    Jan Smith, Manager [email protected]

    Handouts & Materials

    mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]
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    To download NT4CM materials, go to

    https://www.osfaffelp.org/osfatraining/

    Choose Documentation and the link for NT4CM

    2014-15 Materials

    Slide 29

    NTC4M 2014 - 15

    https://www.osfaffelp.org/osfatraining/https://www.osfaffelp.org/osfatraining/
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    Questions/Discussion

    Slide 30

    NTC4M 2014 - 15

    THE NEED FOR

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    THE NEED FOR

    FINANCIAL

    LITERACY

    Reaching students where they

    are

    DISCONNECT FROM

    REALITY

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    Charles Schwab 2011 Teens and Money surveyof high school seniors:

    Students expect to earn $70,000 upongraduation from college

    Students expect to earn $150,000 onceestablished in their chosen career field

    THE GRIM REALITY

    Long range planning is Friday Just get

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    Long range planning is Friday. Just get

    me through this week

    52% of Floridians are in liquid assetpoverty meaning living paycheck topaycheck Source: Florida Prosperity Partnership

    39 million U.S. adults are unbanked orunder-banked NPA 2012 Report: Profiting from Poverty

    Unbanked individuals are known as

    Walking ATMs and are often crimetargets because of the cash they carry

    THE GRIM REALITY

    43% of US Latino/Hispanic people are

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    43% of US Latino/Hispanic people are

    unbanked and paying $1,000 -$2,000 inannual fees by using Payday lenders who

    charge 400% APRNPA 2012 Report: Profiting from Poverty

    Florida passed statutes specifically authorizing

    Payday lending. The interest rates and feesthat lenders are permitted to charge amount to

    very large annual percentage rates. The APR

    for a 14-day, $100 loan is 390%http://www.credit.com/credit_information/credit_law/PaydayLoanLaws.jsp

    Did you know

    there are more

    Payday lenders

    in the U.S. thanStar Bucks or

    McDonalds?

    FAMILY DYNAMICS

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    1/3 of parents are more comfortabletalking with their children about smoking,drugs, and bullying than about money.www.Surveyofthestates.com

    Empower parents to have the awkward

    conversation about money

    www.awkwardconversations.org

    HOW CAN COUNSELORS

    AND MENTORS HELP?

    http://www.surveyofthestates.com/http://www.awkwardconversations.org/http://www.awkwardconversations.org/http://www.surveyofthestates.com/
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    Infuse Financial Education into existingcurriculum

    Incorporate real life materials andscenarios

    Invite speakers to a Financial EducationDay on campus

    Invest in the process of empowering

    students as they take control of theirfinancial futures

    LOGISTICS

    Offer food and prizes:C di i h dd

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    Credit sessions - paper shredders

    Calculators/office supplies Turbo Tax software Gift cards

    Make sure other items are in place:

    Room reserved AV equipment set up Evaluations and handouts ready

    MAKE LEARNING FUN

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    Does this guy need lifeinsurance?

    Why or why not?

    MAKE LEARNING FUN

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    What about this guy?

    Why or why not?

    Family Projects

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    Family or

    IndividualSavings Chart:

    The 52 Week

    Challenge

    After 52 weeks,

    $1,378 will be

    saved if plan is

    followed.

    MAKE LEARNING FUN

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    Ifyou took one penny and doubled the amounteach day for 30 days, how much money wouldyou have?

    MAKE LEARNING FUN

    Answer:

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    $5,368,709.12Is this possible?

    Not for the average person because the last days of

    the month are doubling huge amounts of money

    The takeaway from this lesson?

    You need to start somewhere!

    One penny will gain traction as time goes on.

    COMMON FINANCIAL

    LITERACY COMPONENTSWhy are the firstthree componentshighlighted?

    If t

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    Cash Flow/Budgeting Credit: Maintaining good credit Debt Management Risk Management: Insurance

    Investing & Retirement Planning

    Financial Literacy National Standards

    If you can getstudents tounderstand andimplement the firstthree, they will bebetter prepared totake on the last twotopics.

    NAVIGATING YOUR

    FINANCIAL FUTURE

    (NYFF)

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    (NYFF)

    Financial LiteracyManaging Your BudgetManaging Your CreditRepayment of Your Student Loan Debt

    Financial AidSchool and Life ManagementCareer Planning

    Topics offered as face to face

    presentations; print materials; and onlinemodules.

    www.NavigatingYourFuture.org

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    Select Workshops Tab on NyFF Home Page

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    FOCUS ON LEARNING

    STYLES

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    The following FREE resources are listed bylearning style:

    Auditory Visual

    Kinesthetic (tactile)

    AUDITORY

    Guest Speakers Community based (bank, credit union)

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    OSFA Outreach Representatives

    Webinars NyFF audio presentations

    www.NavigatingYourFinancialFuture.org

    I Tunes University: www.apple.com

    Podcasts Dave Ramsey: www.daveramsey.com

    Michele Singletary:www.npr.org/programs/day/features/colorofmoney/

    VISUAL

    Guest Speakers

    http://www.navigatingyourfinancialfuture.org/http://www.apple.com/http://www.daveramsey.com/http://www.npr.org/programs/day/features/colorofmoney/http://www.npr.org/programs/day/features/colorofmoney/http://www.npr.org/programs/day/features/colorofmoney/http://www.npr.org/programs/day/features/colorofmoney/http://www.daveramsey.com/http://www.apple.com/http://www.navigatingyourfinancialfuture.org/
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    Guest Speakers

    Multimedia www.PBS.org/your-life-your-money

    SMART phone apps

    Printed materials Brochures & handouts

    KINESTHETIC

    Activity driven hands on

    http://www.pbs.org/your-life-your-moneyhttp://www.pbs.org/your-life-your-moneyhttp://www.pbs.org/your-life-your-moneyhttp://www.pbs.org/your-life-your-money
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    Build a budget with actual expenses Balance checking account Meet in computer lab and have

    students print out their credit reportsfor review

    Peer counseling train students toteach other students

    Role Play identity theft tactics Book club featuring financial topics Websites (see next slide)

    www.Jump$tart.org: Reality Check

    www.FeedThePig.org

    www.TheMint.org

    HELPFUL

    WEBSITES

    http://www.jump%24tart.org/http://www.feedthepig.org/http://www.themint.org/http://www.themint.org/http://www.feedthepig.org/http://www.jump%24tart.org/
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    www.TheMint.org

    www.PBS.org/Your-life-your-money

    SMART Investing @ Your Librarywww.martin.fl.us/portal/page?_pageid=353,4442488&_dad=portal&_schema=portal

    Consumer Financial Protection Bureau:www.CFPB.org

    Federal Trade Commission: www.FTC.gov

    Council For Economics Education:www.CouncilForEconEd.org

    360 degrees of financial literacy:www.360financialliteracy.org

    WEBSITES

    http://www.themint.org/http://www.pbs.org/Your-life-your-moneyhttp://www.martin.fl.us/portal/page?_pageid=353,4442488&_dad=portal&_schema=portalhttp://www.martin.fl.us/portal/page?_pageid=353,4442488&_dad=portal&_schema=portalhttp://www.cfpb.org/http://www.ftc.gov/http://www.councilforeconed.org/http://www.360financialliteracy.org/http://www.360financialliteracy.org/http://www.councilforeconed.org/http://www.ftc.gov/http://www.cfpb.org/http://www.martin.fl.us/portal/page?_pageid=353,4442488&_dad=portal&_schema=portalhttp://www.martin.fl.us/portal/page?_pageid=353,4442488&_dad=portal&_schema=portalhttp://www.pbs.org/Your-life-your-moneyhttp://www.themint.org/
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    QUESTIONS?

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    Slide 1

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    Conclusion

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    Resources

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    Slide 3

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    Counselor resources on NT4CM Materialsand Resources page:

    www.fsa4counselors.ed.gov/nt4cm

    Federal Resources

    Websites

    http://www.fsa4counselors.ed.gov/nt4cmhttp://www.fsa4counselors.ed.gov/nt4cm
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    Slide 4

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    Websites

    Social Media (Facebook, Twitter, YouTube)

    Federal Student Aid Information Center

    (FSAIC)

    1.800.4.FED.AID (1.800.433.3243)

    1.800.730.89139 (TTY)

    Miscellaneous Resources

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    Slide 5

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    Review this section for a variety ofwebsites that contain financial aid

    resource information for counselors as you

    assist students and parents

    Features NASFAA, Ask an Advisor, and

    a site that translates English financial aid

    terms into Spanish

    E-mail Communications

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    E-mails to counselors based on annualfinancial aid cycle

    NT4CM will either e-mail you or statecoordinator, who will forward messages

    Questions? Contact state coordinator or e-mail [email protected], which isstrictly for counselors and mentors

    If parents and/or students have questions,they should e-mail [email protected]

    Slide 6

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    Thank You

    mailto:[email protected]:[email protected]:[email protected]:[email protected]
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    We know how important you are to studentsand their families, and we thank you for

    everything you do!

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    Evaluations

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    Please take time to complete anevaluation

    We will use your comments and

    suggestions to improve future training and

    outreach efforts

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    Final Items

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    Certificate of completion

    Continuing Education Report Log Form

    Slide 9

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    Questions/Discussion

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    Slide 10

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    Provided by:

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