Financial Aid: An Overview…. Presented by Dave Marsteller Assistant Director, Office of Student Financial Aid, The University of Akron 330-972-7032 or 1-800-621-3748. Tonight’s Agenda…. Important Web Sites CSS Profile FAFSA? Help! The Financial Aid Timeline—Financial Aid by the Firsts
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Financial Aid: An Overview…
Office of Student Financial Aid, The University of Akron
330-972-7032 or 1-800-621-3748
Or “Google” CSS Profile
Financial Aid Timeline…
To assist your memory…
I’ve created this handy way for you to remember when you are doing what…
Select the link that says “Request A Duplicate PIN”
Your FAFSA will be available online after 1/1 of your Senior year in high school.
File online @ www.fafsa.gov (7-10 days)
Note: You can file a paper FAFSA (avaialable for printing at www.fafsa.gov) but these take 4-6 weeks for processing… not the best way to go…
Have your FAFSA Completed and into the US Department of Education no later than this date for best results (Some schools even want 1/31!)
So be early…
Don’t wait until your taxes are done…
Estimate your income!
Screen clipping taken: 11/21/2011, 12:36 PM
FAFSA on the Web Worksheet… ‘12-’13
Available to print at www.fafsa.gov
Help and Hints have question labels so that you know which question on the page they are referring to. To get help with a question on the page, simply select that question and the help and hints field will populate with instructions and help for that item.
The system automatically saves the application at the end of each step.
“Clear All Data” allows you to delete your data from the system anytime prior to submission. BE CAREFUL NOT TO ACCIDENTLY SELECT THIS CHOICE!
To estimate your income on FAFSA, Instead of selecting “Already Filed” as your filing status, you’ll select “Will File” as your status in the “Tax information” sections. (The location of this question is marked by the “X” to the right of this text.)
This will tell the US Department of Education that you are estimating your income and that you will update it at a later time.
If you are not filing a tax return due to a lack of income, mark this section “Will Not File” and list any income as it is asked for in the following questions. Note IRS requires filing of returns for people who make more than certain income levels. If you are unsure as to whether you need to file contact a tax preparer or the IRS at www.irs.gov or 1-800-829-1040
Provide the financial information you have to the best of your ability and then when you do file your return you will probably need to update your information (see Step 7)
Screen clipping taken: 11/21/2011, 12:41 PM
Dependent or Independent??
Students who cannot answer yes to one of the questions in Section 2 are typically dependent students—if a student is able to demonstrate a history of abandonment, abuse or estrangement between themselves and their parents we may be able to use professional judgment to allow the student to be considered independent.
If your school needs more information from you they should be requesting it during the first week of March (if you met the 2/1 deadline). If you haven’t heard from your school(s) CALL THEM!
NOTE: 33% of students will be RANDOMLYselected BY THE US DEPARTMENT OF EDUCATION for verification of other information, including Income, Selective Service Status, and Citizenship.
If you are selected you will be notified by a letter from our office which will be accompanied by forms, and directions on how to complete them!
DO NOT PUT THESE ON THE COFFEE TABLE AND FORGET THEM!
Please return these forms quickly, and provide the information requested.
We are unable to process aid for you without them!
You do not have to wait until your taxes are complete to file the FAFSA—in fact—if your taxes won’t be completed by 2/1, you should estimate your income (see Step 6 for information on how to help!)
…use the information in this section to update your information once you have completed your FAFSA!
Update the answer to the question, “Have you/your parents completed your/their IRS income tax return or another tax return?” with the status “Already completed.”
Directions on how to utilize this option will appear and offer you an opportunity to choose it.
You (or your parents) must actively choose to utilize the data retrieval tool. If you choose to do so, you will be transferred to the Internal Revenue Service web site.
When a family selects the option to import the information, a confirmation window will open—select “OK” to continue to the IRS web site.
Note: The FAFSA on the web site will stay open in a window separate from the newly opened window—don’t close the original window or you will have to log into FAFSA on the web again!
Applicants will need to authenticate their identity before any personal information is displayed.
Information provided MUST match that on the tax return—or the information will not be allowed to be transferred!
You should be receiving your Award Notification from the school during the first week of April.
If you have not… Contact the school to see where the problem is.
READ EVERYTHING THAT COMES WITH YOUR AWARD NOTIFICATION!!!!!!!!!!!!!!!!!
This paper describes the amount of aid a student will receive during the next academic year.
Now is when you are finalizing your school choice…
Make sure the school knows you are coming and that you want the money they offered you!!! Contact them!
You should know how much aid you have, and what you need to do to get it! (e.g. forms, etc.) READ EVERYTHING that comes with your Award Notification and follow the directions carefully so you do not lose aid by missing deadlines.
Contact the Financial Aid Office if there is:
If you student, have a condition, disability, (physical, emotional or learning issue) The BVR is a state agency that may be able to provide financial support to allow a student to pursue preparation for a profession or trade that will accommodate a student’s condition.
Phone numbers are available for each and every county in the state. You can find listings for your county by doing a web search using the terms “Ohio BVR”
Air Force ROTC
Ohio National Guard
Benefits provided by any armed service.
All of these options are available to you with all the rights, responsibilities and risks of military service.
Contact your local recruiter(s) for details.
The Ohio Education and Training Voucher Program offers funds to foster youth and former foster youth to enable them to attend colleges, universities and vocational training institutions.
Students may receive up to $5000 a year for four years as they pursue higher education.
The funds may be used for tuition, books or qualified living expenses.
Web site www.statevoucher.org
Click on OHIO on the map to obtain information.