Welcome to Alaska College Goal Sunday 2012

1. Welcome to AlaskaCollege Goal Sunday 2012 Brought to you by the Coalition of Alaskans Supporting Higher Education

2. 2012 Sponsors • YMCA • Lumina Foundation • Ohana Media Group • GCI

3. Understanding the FAFSA Presenter: Add your name here

4. The FAFSA Free Application for Federal Student Aid • Evaluates a family’s eligibility for federal student aid programs • Bases financial capacity on prior year • Students must re-apply each year • Assets may change from year to year • www.fafsa.ed.gov

5. FAFSA Goals • Determines Expected Family Contribution (EFC) • A measure of your family’s ability to pay for college • Used to determine your eligibility for federal student aid during one school year • Everyone should file a FAFSA • No income cutoff • Required for federal and state aid • Often required for campus-based aid • Many public and private scholarships require FAFSA • Alaska Performance Scholarship

6. Timelines for Filing the FAFSA • Available after January 1 of each year (starting with your senior year in high school) • State deadline: June 30 • Some colleges have early deadlines • Check deadlines on college websites • Don’t wait until after admission to the school • Best to file by mid-February • Don’t wait until you file your taxes – you can use 2010 information or estimates to meet deadlines, and update your FAFSA after you’ve filed your taxes.

7. File your FAFSA Online • Internet application used by students & parents to complete electronic FAFSA • Quick on-line edits to reduce likelihood of errors • Easy on-line help available for each question www.fafsa.ed.gov Alaska Commission on Postsecondary Education - 7

8. PIN Registration Website • PIN (Person Identification Number) serves as the electronic signature on ED documents • Both student & one parent need PINs to sign the FAFSA electronically • May be used to: • Check on FAFSA status • Verify & correct data • Add additional schools to receive FAFSA data • Change home & e-mail address If an e-mail address is provided, PIN will be e-mailed to the PIN applicant within minutes! www.pin.ed.gov Alaska Commission on Postsecondary Education - 8

9. Getting Ready Before starting the FAFSA, gather: • Student driver’s license • Student Alien Registration Card Be sure to have student and parent: • Social Security cards • 2011 W-2 Forms & records of money earned & other taxable benefits • 2011 Federal income tax form • Records of untaxed income • Current bank statements • Business, farm, & other real estate records • Records of stocks, bonds, & other investments Alaska Commission on Postsecondary Education - 9

10. Completing the 2012-2013 FAFSA on the Web Worksheet • A line by line discussion • Traditional student emphasis (straight out of high school) • Anyone can file a FAFSA • Traditional students • Non-traditional students • Older returning students • Graduate school students Alaska Commission on Postsecondary Education - 10

11. FAFSA Information The FAFSA consists of several sections: • SECTION 1: Demographic information about the student & information about the schools you are considering attending • SECTION 2: Determination of student dependency status • SECTION 3: Parental information for dependent students • SECTION 4: Student finances & information about the independent student Alaska Commission on Postsecondary Education - 11

12. Section 1 Student Demographics Let's get started!

13. Login Alaska Commission on Postsecondary Education - 13

14. Establish a Password Alaska Commission on Postsecondary Education - 14

15. Introduction Page Alaska Commission on Postsecondary Education - 15

16. Student Demographic Info • Full Name • Social Security # • Date of Birth • Gender • Mailing address • Have you lived in your state for at least 5 years? • Phone # • Email • Marital Status • Driver’s license Alaska Commission on Postsecondary Education -

17. Student Eligibility Screen Alaska Commission on Postsecondary Education - 17

18. Student Citizenship Status • Are you a U.S. Citizen? • Eligible noncitizen? • A permanent U.S. resident with a Permanent Resident Card (I-551); • A conditional permanent resident (I-551C); or • The holder of an Arrival-Departure Record (I-94) from the Department of Homeland Security showing any of the following designations: “Refugee,” “Asylum Granted,” “Parolee” (I-94 confirms paroled for a minimum of one year and status has not expired), “Victim of human trafficking,” T-Visa holder (T-1, T-2, T-3, etc.) or “Cuban-Haitian Entrant.” • Neither citizen nor eligible noncitizen? Alaska Commission on Postsecondary Education - 18

19. Selective Service Registration www.sss.gov Alaska Commission on Postsecondary Education - 19

20. Student Aid Eligibility and Education Status Alaska Commission on Postsecondary Education - 20

21. Student Aid Eligibility and Drug Convictions • These questions appear on the FAFSA on the Web Worksheet and may appear when you file the FAFSA online. • Mark the box or boxes that apply to you (the student) • I have never attended college • I have never received federal student aid • I have never had a drug conviction • If you did not check any of the boxes, you will be asked additional questions online. Alaska Commission on Postsecondary Education - 21

22. Student Work-Study Alaska Commission on Postsecondary Education - 22

23. Parent’s Education • Indicate the highest level of school your father and mother completed. Some states and colleges offer aid based upon this. • Use birth parents or adoptive parents, not step-parents or foster parents Alaska Commission on Postsecondary Education - 23

24. Student Eligibility (continued) Alaska Commission on Postsecondary Education - 24

25. School Selection Alaska Commission on Postsecondary Education - 25

26. School Codes and Housing Plans Alaska Commission on Postsecondary Education - 26

27. Section 2 Student dependency status

28. Dependency Determination Alaska Commission on Postsecondary Education - 28

29. Dependency Determination Alaska Commission on Postsecondary Education - 29

30. Dependent or Independent? • ANY “YES” answers = independent student • You will not have to provide parent information • NO “YES” answers = dependent student • You must provide parent information Alaska Commission on Postsecondary Education - 30

31. Special Circumstance • If you are dependent and submit FAFSA without parental information… • Your FAFSA is not complete • No EFC • You must contact the financial aid office • Their decision is final Alaska Commission on Postsecondary Education - 31

32. Section 3 Parental information Independent students – skip this section

33. Parent Demographic Info Alaska Commission on Postsecondary Education - 33

34. Who is a parent? Biological parents Adoptive parents Step-parents Who is not a parent? Grandparents Foster parents Legal guardians Older siblings Aunts or uncles Parents Alaska Commission on Postsecondary Education - 34

35. Single, Widowed or Divorced Parents • Widowed or single (never married) parent? • Answer questions about that parent only • Widowed and remarried? • Answer questions about parent and step-parent • Divorced? • Answer questions about the parent you lived with more (plus any step-parent you may live with) Alaska Commission on Postsecondary Education - 35

36. Parent Identifying Info • If applicable, your parent’s month and year of marriage • Father/stepfather’s SS#, name, DOB • Mother/stepmother’s SS#, name, DOB • E-mail address (for parents) • Alaska residence Alaska Commission on Postsecondary Education - 36

37. NOTE: Some financial aid offices will require proof other family members are attending college Parent Household • Household size includes parents, the student, and other dependents • For household college students: • Always include the student even if he/she will attend college less than half-time in 2012-2013 • Include other household members if they will attend at least half-time in 2012-2013 in a program that leads to a degree or certificate • Never include the parents Alaska Commission on Postsecondary Education - 37

38. Parent Tax Information Alaska Commission on Postsecondary Education - 38

39. IRS Data Retrieval • If you are filing the FOTW after 2/1/2012, and your parents answer “Already completed,” they will be given the option to transfer their 2011 income tax information directly from IRS records • If you are filing the FAFSA within 6-8 weeks of having filed your tax return, you should ignore this question and use your actual 2011 IRS tax return to complete the FOTW so you do not miss any important financial aid deadlines.

40. IRS Data Retrieval Screen Alaska Commission on Postsecondary Education - 40

41. Parent Financial Information Alaska Commission on Postsecondary Education - 41

42. Parents’ Adjusted Gross Income • What type of income tax return will your parents file for 2011? • What was your parents’ AGI for 2011? • 1040 line 37 • 1040A line 21 • 1040EZ line 4 • Only asked if your parents filed taxes. Alaska Commission on Postsecondary Education - 42

43. Parents’ Earnings from Work • Enter how much each of your parents earned from working in 2011 (wages, salaries, tips, etc.) • W2 forms • 1040 line 7+12+18+Box 14 of Schedule K-1 (form 1065) • 1040A line 7 • 1040EZ line 1 Alaska Commission on Postsecondary Education - 43

44. Dislocated Worker • Is either of your parents a dislocated worker? • A person may be considered a dislocated worker if he/she: • is receiving unemployment benefits due to being laid off or losing a job and is unlikely to return to a previous occupation; • has been laid off or received a lay-off notice from a job; • was self-employed but is now unemployed due to economic conditions or natural disaster; • is a displaced homemaker. Alaska Commission on Postsecondary Education - 44

45. Parents’ Household Benefits • In 2010 or 2011, did anyone in your parents’ household receive any of these benefits? • Supplemental security income • Food stamps • Free or reduced price school lunch • Temporary assistance for needy families (TANF) • WIC • Check all that apply Alaska Commission on Postsecondary Education - 45

46. Parent Financial Information (continued) Alaska Commission on Postsecondary Education - 46

47. Parents’ 2011 U.S. Income Taxes • What was the amount parents paid in U.S. income tax for 2011? • Use U.S. income tax paid (or to be paid) • Form 1040 – Line 55 • Form 1040A – Line 35 • Form 1040EZ – Line 10 Alaska Commission on Postsecondary Education - 47

48. Parents’ 2011 Tax Exemptions • Enter the parents’ tax exemptions for 2011 • Form 1040 – Line 6d • Form 1040A – Line 6d Alaska Commission on Postsecondary Education - 48

49. Additional Parent Financial Information • Did your parents have any of the following items in 2011? • Check all that apply • You will be asked to report amounts online Alaska Commission on Postsecondary Education - 49

50. Asset Net Worth Question Alaska Commission on Postsecondary Education - 50