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WELCOME. Presenter: Lori Ellis, Oregon Student Assistance Commission Financial Aid Expert: Leslie Limper, Reed College Phone is on mute. To ask a question, send a “chat” message in webinar chat box. OVERVIEW. What is the FAFSA? Before You Begin Filling out your FAFSA

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Presentation Transcript
welcome
WELCOME

Presenter: Lori Ellis, Oregon Student Assistance Commission

Financial Aid Expert: Leslie Limper, Reed College

Phone is on mute. To ask a question, send a “chat” message in webinar chat box

overview
OVERVIEW

What is the FAFSA?

Before You Begin

Filling out your FAFSA

Materials you’ll need:

FAFSA on the Web worksheet

www.fafsa.gov

Materials we recommend:

Oregon Opportunities Booklet

www.osac.state.or.us

Special Populations: Tips for Completing the FAFSA

www.collegegoaloregon.org

what is the fafsa free application for federal student aid
WHAT IS THE FAFSA? Free Application for Federal Student Aid

Designed by the U.S. Department of Education to help evaluate a family’s ability to pay for college

Calculates the Expected Family Contribution (EFC) based on prior year

Reapply each year

Income and assets may change

Family situation may be different from year to year

what is the fafsa cont
WHAT IS THE FAFSA? (cont.)

Determines eligibility for financial aid

Federal aid

State aid

College aid

Scholarship programs

Uses last tax year or calendar year to provide “snapshot” of family’s finances

before you begin
Driver’s license (student)

Social Security numbers (student and parent if applicable)

W-2 forms and other records of earnings

Prior year’s federal income tax returns

Records of untaxed income

Current bank statements

Business and farm records

Records of stocks, bonds and other investments

BEFORE YOU BEGIN
filing your fafsa
Start by filling out the FAFSA on the Web worksheet

Complete electronically

“Save and complete later” feature

Utilizes skip logic to go faster and make fewer errors

Submit using electronic signature (PIN)

Student needs a unique PIN

Parent needs a unique PIN (for dependent students only)

Get your pin at www.pin.ed.gov

FILING YOUR FAFSA
starting your fafsa
STARTING YOUR FAFSA
  • All information will be entered as an independent student (no parent info will be required)
  • Review FAFSA on Web worksheet
  • Begin walkthrough
    • www.fafsa.gov
confirmation page
CONFIRMATION PAGE

$3,200

It’s smart to print this page and keep it!

confirmation page part ii
CONFIRMATION PAGE PART II

Students can always add schools later!

what happens next
What Happens Next?
  • Students and the listed colleges receive Student Aid Report (SAR)
  • Students and families review SAR for accuracy
  • Colleges match admission records with financial aid applications to determine eligibility
  • Colleges mail notices of financial aid eligibility to admitted students
final tips
Final Tips
  • Gather necessary documents ahead of time
  • Complete the FAFSA on the Web Worksheet
  • Check the worksheet for accuracy
  • Complete online FAFSA
  • Save your work often as you go
  • Print a copy of the FAFSA for your records
questions and answers
Questions and Answers
  • Thank you for attending the FAFSA Friday Webinar
  • Feel free to ask additional questions through the chat feature
  • contactus@aspireoregon.org