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7/22/2019 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
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Financial Aid
Slide 3
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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
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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
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Expected Family Contribution (EFC)
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Financial Need
Cost of Attendance (COA)
Expected Family Contribution (EFC)
= Financial Need
Slide 6
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Need-based aid
Non need-based aid
Slide 7
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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
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Types of Aid
https://studentaid.gov/about/announcements/sequestrationhttps://studentaid.gov/about/announcements/sequestration7/22/2019 All Slides 2014-15 NT4CM
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Sources of Aid
Slide 9
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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
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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
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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
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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
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Federal Financial Aid Programs
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Federal Perkins Loans
Slide 18
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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
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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
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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
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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
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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
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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
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Applying for Federal
Student Aid
Slide 2
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FAFSA Completion Resources
Slide 3
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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/7/22/2019 All Slides 2014-15 NT4CM
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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-school7/22/2019 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FAFSA
Slide 5
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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
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FAFSA on the Web
Slide 7
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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
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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
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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
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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
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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
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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
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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
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FAFSA Processing Results
Slide 18
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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
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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
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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
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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
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Importance
Questions to ask
Benefits
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Questions/Discussion
Slide 27
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Student Dependency Status
Slide 2
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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
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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
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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
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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
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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
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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
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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
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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
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Dependency Overrides
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Completion of FAFSA
Without ParentalInformation
Slide 11
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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
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Parents Refuse to Provide Information
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Who Qualifies
as a Parent for aDependent Student?
Slide 14
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Wh I P t?
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Who Is a Parent?
Slide 15
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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
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Counseling
Undocumented Students
about Financial Aid
Slide 2
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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.pdf7/22/2019 All Slides 2014-15 NT4CM
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Federal Aid
Slide 8
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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.php7/22/2019 All Slides 2014-15 NT4CM
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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=134086187/22/2019 All Slides 2014-15 NT4CM
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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
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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=a2dd6d26d17df110VgnVCM1000004718190aRCRD7/22/2019 All Slides 2014-15 NT4CM
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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/avoidscams7/22/2019 All Slides 2014-15 NT4CM
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Slide 28
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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
NTC4M 2014 - 15
EFC Formula: Parents: Total
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Contribution
Slide 20
NTC4M 2014 - 15
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
NTC4M 2014 - 15
EFC Formula: Student Contribution
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50% of students available income
+ Students contribution from assets
Student contribution
Slide 22
NTC4M 2014 - 15
EFC Formula: EFC
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Parent contribution
+ Student contribution
Expected family contribution
Slide 23
NTC4M 2014 - 15
EFC Formula: Helpful Highlights
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Slide 24
NTC4M 2014 - 15
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
NTC4M 2014 - 15
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
NTC4M 2014 - 15
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
NTC4M 2014 - 15
Common professional judgment situations
Situations where professional judgment is
not appropriate
Professional Judgment: Process
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Slide 28
NTC4M 2014 - 15
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
NTC4M 2014 - 15
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
NTC4M 2014 - 15
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Searching for Scholarships
Slide 2
NTC4M 2014 - 15
Scholarship Sources
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Slide 3
NTC4M 2014 - 15
Federal
State
Institutional
Private
Federal Sources
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Slide 4
NTC4M 2014 - 15
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
NTC4M 2014 - 15
www.FloridaStudentFinancialAid.org
See the financial aid office at thepostsecondary institution
Private Sources
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Slide 6
NTC4M 2014 - 15
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
NTC4M 2014 - 15
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-scholarships7/22/2019 All Slides 2014-15 NT4CM
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Avoiding Financial Aid Fraud
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Fraud Warning Signs
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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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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
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Resources
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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.pdf7/22/2019 All Slides 2014-15 NT4CM
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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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State Aid ProgramsNeed
MeritSpecial Interest
Web Resources
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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)
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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
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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)
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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
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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
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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
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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
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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
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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
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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
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Merit-based Aid
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Florida Bright Futures Scholarship Program
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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
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Merit-based Aid
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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)
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Merit-based Aid
http://www.floridastudentfinancialaid.org/SSFAD/bf/http://www.floridastudentfinancialaid.org/http://www.floridastudentfinancialaid.org/http://www.floridastudentfinancialaid.org/SSFAD/bf/7/22/2019 All Slides 2014-15 NT4CM
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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
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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
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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
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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
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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
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Web Resourceswww.FloridaStudentFinancialAid.org
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Web Resources
State Programs Home Page
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g g
Slide 22
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Web Resources
State Programs Home Page
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Slide 23
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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
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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
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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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Web Resources
Bright Futures Home Page
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Slide 27
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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
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Information & Training
Barbara Dombrowski [email protected]
Outreach Team Management
Lori Auxier, Director [email protected]
Jan Smith, Manager [email protected]
Handouts & Materials
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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
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Questions/Discussion
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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/7/22/2019 All Slides 2014-15 NT4CM
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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/7/22/2019 All Slides 2014-15 NT4CM
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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-money7/22/2019 All Slides 2014-15 NT4CM
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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/7/22/2019 All Slides 2014-15 NT4CM
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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/7/22/2019 All Slides 2014-15 NT4CM
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QUESTIONS?
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Slide 1
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Conclusion
Slide 2
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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
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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
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We know how important you are to studentsand their families, and we thank you for
everything you do!
Slide 7
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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
Slide 8
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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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