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Applying for Financial Aid 2010-2011

Applying for Financial Aid 2010-2011. Sponsors/Partners: Presenter:. What Will You Learn Today?. Types and sources of financial aid Required financial aid application forms How to complete the Free Application for Federal Student Aid (FAFSA) Answers to your individual questions.

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Applying for Financial Aid 2010-2011

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  1. Applying for Financial Aid 2010-2011

  2. Sponsors/Partners:Presenter:

  3. What Will You Learn Today? Types and sources of financial aid Required financial aid application forms How to complete the Free Application for Federal Student Aid (FAFSA) Answers to your individual questions

  4. Types of Financial Aid Gift Aid - Grants or scholarships that do not need to be repaid Work - Money earned by the student as payment for a job on or off campus Loans - Borrowed money to be paid back, usually with interest

  5. Federal government State government Colleges and universities Private agencies, companies, foundations, and your parents’ employers Sources of Financial Aid

  6. State Aid • Almost all 50 states have some form of special grant or loan aid for their state residents • Some states use the data you provide on the FAFSA to award aid; other states may require you to submit supplemental forms. • Your school counselor should have the correct form(s) for your state’s application. If the forms are not available at your school, contact your state higher education agency directly

  7. State Aid Programs Tennessee Student Assistance Award (TSAA) Hope Scholarship Hope Access Grant Wilder-Naifeh Technical Skills Grant

  8. Tennessee Student AssistanceAward (TSAA) Eligibility: TN residents, U.S. citizens pursuing first degree and enrolled at least half-time EFC – 0 to 2100 Submit FAFSA prior to February 15

  9. Tennessee Student Assistance Award (TSAA) Award Amounts: $4,000 per year at eligible TN independent institutions; $2,000 per year at eligible four-year TN public institutions; $1,300 per year at eligible two-year TN public institutions; $1,000 per year at TN Technology Centers

  10. HOPE Scholarship Eligibility: TN residents achieving 21 ACT composite OR 980 SAT (Math + Critical Reading) OR final cumulative 3.0 GPA (Homeschool and non-category 1, 2 or 3 private high school requirements are different) Submit FAFSA!

  11. HOPE Scholarship Award Amounts: $4,000 per year at eligible four-year TN institutions; $2,000 per year at eligible two-year TN institutions

  12. HOPE Access Grant Eligibility: 18, 19 or 20 ACT composite/860-970 SAT (Math & Critical Reading) AND 2.75 – 2.99 final cumulative GPA AND parents’ or independent student’s (and spouse’s) adjusted gross income must be $36,000 or less on IRS tax form Nonrenewable after 24 attempted hours; however, may qualify for HOPE scholarship thereafter. Submit FAFSA!

  13. HOPE Access Grant Award Amounts: $2,750 per year at eligible four-year TN institutions; $1,750 per year at eligible two-year TN institutions

  14. Wilder-Naifeh Technical Skills Grant $2,000 per year at TN Technology Center (TTC) TN residents pursuing certificate or diploma program at a TTC Students may be eligible for HOPE Scholarship IF initially HOPE eligible and enroll at an eligible TN postsecondary institution within three years of completing a TTC diploma program Submit FAFSA!

  15. State Aid – Programs Cont’d General Assembly Merit Scholarship Aspire Award HOPE Scholarship for Non-Traditional Students HOPE Foster Child Tuition Grant

  16. State Aid – Programs Cont’d Dual Enrollment Grant – Deadlines Vary Ned McWherter Scholars Program - Deadline February 15 Robert C. Byrd Honors Scholarship Program - Deadline March 1 Dependent Children Scholarship Program - Deadline July 15 Minority Teaching Fellows Program (Loan Forgiveness) - Deadline April 15

  17. State Aid – Programs Cont’d Helping Heroes Grant - Deadlines September 1 (Fall); February 1 (Spring);May 1 (Summer) TN Teaching Scholars Program (Loan Forgiveness) - - Deadline April 15

  18. State Aid - Programs TN Math & Science Teacher Loan Forgiveness Program - Deadlines September 1 (Fall); February 1 (Spring); May 1 (Summer) Graduate Nursing Loan Forgiveness Program - Deadline March 1 Rural Health Loan Forgiveness Program - Deadline September 1

  19. Check with the student’s high school or college counselor for more details on how to file any additional required state forms 2010-2011 State Aid Application Requirements • By (insert date), complete and submit: • The Free Application for Federal Student Aid • (Insert the name of your state form if applicable)

  20. Types of Applications • FAFSA • (Insert required state forms, if any) • Other applications or forms as required by the college such as: • CSS/Financial Aid PROFILE • Institutional scholarship and/or financial aid applications • 2009 federal tax returns (along with schedules and W-2s) or other income/asset documentation

  21. FAFSA Information & Tips File as soon as possible Use estimated 2009 income information if 2009 taxes are not complete at time of FAFSA submission The student and at least one parent whose information is required must complete and sign the FAFSA

  22. FAFSA ON THE WEB Internet application used by students and parents to complete electronic FAFSA at www.fafsa.gov Sophisticated on-line edits and skip logic so that errors are less likely to be made On-line help is available for each question Student and at least one custodial parent should get a federal PIN at www.pin.ed.gov

  23. Federal PIN PIN (Personal Identification Number)serves as the electronic signature on ED documents Both student and at least one custodial parent need PIN to sign the FAFSA electronically May be used to: Check on FAFSA status Verify and correct FAFSA data Add additional schools to receive FAFSA data Change home and e-mail addresses If an e-mail address is provided, PIN will be e-mailed to the PIN applicant within hours Apply for student and parent PINs at www.pin.ed.gov

  24. Getting Ready Before starting the FAFSA, gather: Student driver’s license Student Alien Registration Card Student and Parent Social Security cards 2009 W-2 Forms and other records of money earned 2009 federal income tax form (even if not completed) Records of untaxed income Current bank statements Business, farm, and other real estate records Records of stocks, bonds, and other investments Create a file for copies of all financial aid documents submitted

  25. FAFSA on the Web Worksheet The 2010-2011 FAFSA on the Web Worksheet may be used for the January 1, 2010 through June 30, 2011 federal aid application cycle

  26. TheFOTW WorksheetA Four Section Form Section 1 –is about the student Section 2 – determines student dependency status Section 3 – collects parental information for dependent students Section 4 – collects student finances and information about the independent student

  27. Section 1(page 2)STUDENT INFORMATION

  28. Section 1 Student Name J A N E J O N E S • The FOTW will ask for the student’s last name, first name, and middle initial • Make sure to report the student’s name exactly as it appears on the student’s Social Security card

  29. Section 1Student Social Security Number 1 2 3 - 4 5 - 6 7 8 9 Double check the student’s Social Security Number when entering it on the FOTW. Both student name and Social Security Number will be compared through a national database match

  30. If U.S. citizen, status will be confirmed by Social Security match If eligible noncitizen, status will be confirmed by Department of Homeland Security (DHS) match. This includes: U.S. permanent residents with I-551 Conditional permanent residents with I-551C Eligible noncitizens with I-94 If neither a citizen or eligible noncitizen, the student is ineligible for federal/state aid, but might still be eligible for institutional funds Section 1 Citizenship Status

  31. Section 1 Alien Registration Number 9 8 7 6 54 3 2 1 If an eligible noncitizen, write in the student’s eight- or nine-digit Alien Registration Number (ARN) • Precede an eight-digit ARN with a zero • Copy of Permanent Registration Card might be requested by the Financial Aid Office

  32. Section 1Undocumented Students if the student is applying to any public college or university, check to see if the student might be eligible for in-state tuition costs check with colleges and universities to see if institutional financial aid is available apply for all private scholarships for which the student may be eligible watch for changes in federal and state laws regarding the eligibility of undocumented or under-documented students start inquiring in elementary, middle or high school to see if it is possible for younger students to become permanent residents NOTE: if the student is undocumented or under-documented • For more information and a list of scholarships, go to • www.maldef.org/pdf/scholarships.pdf • www.latinocollegedollars.org • www.finaid.org/otheraid/undocumented.phtml

  33. Section 1Student Marital Status The student should check his or her marital status as of the date the FAFSA on the Web is completed If the student is married or remarried, he or she will be asked to provide information about his or her spouse

  34. Section 1Selective Service Registration • Male students who are between the ages of 18 and 26 years of age must be registered with Selective Service to receive federal and state aid • Answer “Register me” only if the student is male, aged 18-26, and has not yet registered. • The student may also register by going to: www.sss.gov

  35. If the student has never attended college since high school, check “Never attended college” If the student has attended college since high school but never received federal student grants, loans or work-study, check “I have never received federal student aid” If the student has received federal student aid and has never had a drug conviction, check “I have never had a drug conviction” Section 1Student Aid Eligibility Drug Convictions

  36. If the student was convicted of the possession or sale of illegal drugs while receiving federal student aid, the student will be asked to complete more questions about the drug offense Simply having a drug conviction does not mean that the student will be ineligible for federal student and/or state studentaid Section 1Student Aid Eligibility Drug Convictions

  37. Section 1Parents’ Educational Level Indicate highest level of schooling completedby the student's biological or adoptive parents Use birth parents or adoptive parents - not stepparents or foster parents • This definition of parents is unique to these two questions

  38. Section 1 Student State of Legal Residence • An important question NOT on the Worksheet: • Student State of Legal Residence • Residency relates to the student’s permanent home state • if the student is dependent, the state of legal residence is usually the state in which the custodial parent(s) live • State of legal residence is also used • to determine eligibility for state grants • in the need calculation to determine the appropriate allowance for state and other taxes paid by that state’s residents

  39. High School Completion Status When the student begins college in the 2010-2011 school year, what will be the student’s high school completion status? High school diploma GED certificate Home schooled None of the above Section 1High School Completion Status An important question NOT on the Worksheet:

  40. Grade Level in 2010-2011 When the student begins the 2010-2011 school year, what will be his/her grade level? Never attended college/1st year Attended college before/1st year 2nd year/sophomore 3rd year/junior 4th year/senior 5th year/other undergraduate 1st year graduate/professional Continuing graduate/professional or beyond Section 1Grade Level in 2010-2011 An important question NOT on the Worksheet:

  41. Degree or Certificate In the 2010-2011 school year, what degree or certificate will you, the student, be working on? Some options are: - 1st bachelor’s degree - Associate degree (occupational or technical program) - Associate degree (general education or transfer program) - Graduate or professional degree Section 1Degree or Certificate Objective An important question NOT on the Worksheet:

  42. Section 1Student Expected Enrollment Status at the Start of the 2010-2011 Academic Year An important question NOT on the Worksheet: • When the student begins the 2010-2011 school year, what does he/she expect his/her enrollment status to be? • - full-time • - ¾ time • - half-time • - less than half-time • - don’t know • Report the student's enrollment plans for the college he/she is most likely to attend • If unsure, report “full-time”

  43. Section 1Work-study, Loans, and TEACH Program An important question NOT on the Worksheet: If the student is interested in work-study (student employment), student loans, or the TEACH Program, check all appropriate boxes • Indicating interest does not obligate the student to either work or borrow, nor will it cause the student to lose grants and scholarships • Not checking work-study and/or loans may restrict some options for limited work-study or loan funds

  44. Section 1 School Selection An important question NOT on the Worksheet: FAFSA on the Web allows the student to list up to 10 colleges/universities that will receive his/her student and parent information The student should list the schools he/she is most likely to attend, and then list others to which the student is applying for admission

  45. Section 1 School Selection An important question NOT on the Worksheet: • While in the School Selection Section, the student will be asked to enter the federal school code for each school to which he/she wants information sent • If the student does not know the federal school code, enter the state in which the college/university is located and search for the federal school code by the college/university name

  46. Section 1School Selection • An important question NOT on the Worksheet: • The student will be asked to select the housing plan that best describes the type of housing the student expects to have while attending each listed school • The choices for housing are: • On Campus • With Parent • Off Campus • The student’s choice of housing may affect the amount of financial aid for which he/she is eligible. It is usually more expensive to live on or off campus than with parents or relatives • Remember, selecting a housing option is not an application for On Campus housing. Check with the colleges/universities for housing information

  47. Section 1School Information • List those schools with the earliest financial aid deadlines • If the student is applying to more than ten schools, wait for the processed Student Aid Report (SAR) and add additional schools via the Web or by phone using the student PIN Strategies for Listing Colleges

  48. Section 2(page 2)STUDENT DEPENDENCY STATUS

  49. Section 2 Determination of Student Dependency Status • If the student checks none of the boxes about Dependency Status, the student will be asked to go to Section 3. For FAFSA filing purposes, the student is considered a dependent student and will be required to provide parental information • If the student is able to check any one of the questions in this section, he or she should skip Section 3 and go to Section 4. The student is considered an independent student for FAFSA filing purposes and is NOT required to provide parental information

  50. Section 2 Determination of Student Dependency Status

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