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2010 High School Counselor Drive-In Workshop

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2010 high school counselor drive-in workshop – PowerPoint PPT presentation

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Title: 2010 High School Counselor Drive-In Workshop


1
2010 High School Counselor Drive-In Workshop
2
Your School Name Here
  • Todays Presenters
  • FA professional name here
  • FA professional name here
  • CACG advisor name here
  • HEAB name here
  • DPI name here

3
Workshop Coordinated By
4
Todays Agenda
  • 800
  • Begins at 830
  • Concludes at 1200
  • Registration
  • Welcome Review of Agenda and Packet Materials
  • Financial Aid Overview
  • -updates from HEAB DPI
  • Break
  • Applying for Aid
  • FAFSA Topics
  • QA

5
Financial Aid Overview
  • Needs Analysis
  • Cost of Attendance
  • Estimated Family Contribution
  • Financial Need
  • Types of Aid Available

6
Goal of Financial Aid
  • To assist students in paying for school
  • To provide opportunity and access to higher
    education
  • To help narrow the gap between what the family
    can pay and the cost of education

7
Financial Aid Regulations
  • Are determined by federal and state statutes and
    legislators
  • Establish applicants eligibility for most types
    of aid
  • Each financial aid program has its own unique
    eligibility requirements
  • Are applicable to all schools

8
Principles of Needs Analysis
  • To the extent they are able, parents have primary
    responsibility to pay for their dependent
    childrens education
  • Students also have a responsibility to contribute
    to their educational costs
  • Families should be evaluated in their present
    financial condition
  • A familys ability to pay for educational costs
    must be evaluated in an equitable and consistent
    manner, recognizing that special circumstances
    can and do affect a familys ability to pay

9
What Are the Costs?
  • Tuition and Fees
  • Room and Board
  • Transportation
  • Books Supplies
  • Miscellaneous Living Expenses
  • Cost of Attendance (COA)
  • COA varies widely from institution to
    institution

10
Expected Family Contribution (EFC) (Federal
Methodology established by U.S. Congress)
  • Determined by filing the Free Application for
    Federal Student Aid (FAFSA)
  • www.fafsa.gov
  • An index used to calculate eligibility for aid
  • Stays the same regardless of college
  • Two components
  • Parent contribution
  • Student contribution

11
Main Determinants of the EFC
  • Income of both student and parents
  • Assets of both student and parents
  • Family size
  • Number in College
  • Age of the older parent

Adjustments to EFC may be made by the Financial
Aid Office due to Verification and/or Special
Circumstances that limit ability to pay
12
EFC Calculation Example
  • Family Size 4
  • Number in college 1
  • Parent AGI (IRS 1040A) 52,000
  • Parent Untaxed Income 3,500
  • Parents Assets 45,000
  • Students AGI 4,500
  • Students Assets 500
  • Parents Contribution 3,728
  • (Parents Contribution from Assets 0)
  • Students Contribution 100
  • (Student Income Contribution 0)
  • (Student Contribution from Assets 100)
  • Expected Family Contribution 3,828

EFC based on 2010-2011 formula
13
Financial Need Defined
  • Cost of Attendance (COA)
  • Expected Family Contribution (EFC)
  • Financial Need

14
Financial Need Varies by School Cost
School 1 School 2 School 3
Cost of Attendance 39,028 19,388 14,285
Less EFC 3,828 3,828 3,828
Need 35,200 15,560 10,457
Cost of Attendance Source College Board Trends
in College Pricing 2008 - Average Estimated
Undergraduate Budgets 2009-2010
15
Almost EVERYONE is eligible for some type of
financial aid, but..
  • YOU MUST APPLY TO FIND OUT!
  • And its free!
  • NEVER pay to file the FAFSA!
  • File the FAFSA each year.
  • www.fafsa.gov

16
What is Financial Aid?
  • Grants
  • Scholarships
  • Work Study Employment
  • Loans

17
Three primary sources of funding
  • US Department of Education
  • The federal agency that provides funding in the
    form of grants, work study, and loans
  • State
  • Most states have agencies that administer state
    scholarship and grant programs, college savings
    and prepaid tuition programs, and loans. The
    Higher Educational Aids Board (HEAB) manages
    state aid in Wisconsin
  • Colleges Universities
  • Schools may offer their own scholarship, grant,
    work-study and loan programs, with each setting
    its own requirements

18
Gift Aid (FREE )
  • Grants
  • Federal
  • Federal Pell Grant
  • Federal Supplemental Educational Opportunity
    Grant (SEOG)
  • TEACH Grant
  • State
  • Institutional

19
State of wisconsin higher educational aids board
20
Who may receive state aid?
  • State financial aid is available to Wisconsin
    residents enrolled at non-profit colleges and
    universities based in Wisconsin
  • University of Wisconsin System
  • Wisconsin Technical Colleges
  • Independent Colleges Universities
  • Tribal Colleges

21
Who may not receive state aid?
  • State statutes prohibit students from receiving
    state financial aid who are
  • Not registered with Selective Service (males)
  • Listed on the Dept. of Workforce Developments
    Statewide Child Support Lien Docket.
  • (Students on the Lien Docket may still receive
    state loans.)

22
Applying for State Aid
  • Free Application for Federal Student Aid
  • HEAB receives FAFSA data for all Wisconsin
    residents
  • HEAB recommends that ALL students file the FAFSA,
    regardless of income students should file as
    soon after January 1 as possible
  • Please encourage veterans to the file FAFSA
    they may be eligible for aid even if they are
    getting tuition remissions
  • The FAFSA is the only application for Wisconsin's
    2 major grant programs
  • Wisconsin Higher Education Grant
  • (UW, Technical Colleges, Tribal Colleges)
  • Wisconsin Tuition Grant
  • (Independent Colleges Universities)

23
Receiving State Aid
  • HEAB notifies the college or university financial
    aid offices of each students eligibility for
    state financial aid.
  • The financial aid offices include all state aid
    in the students financial aid package.

24
State Financial Aid Programs
  • Programs for Students with Financial Need
  • Free Application for Federal Student Aid (FAFSA)
  • Wisconsin Higher Education Grant
  • Wisconsin Tuition Grant
  • Programs for Students with Financial Need who
    must also meet Additional Requirements
  • FAFSA and additional Application or Nomination
  • Hearing Visually Handicapped Student Grant
  • Indian Student Assistance Grant
  • Minority Undergraduate Retention Grant
  • Nursing Student Loan
  • Talent Incentive Program Grant
  • Programs Not Based on Financial Need
  • Application or Nomination FAFSA recommended but
    not required
  • Academic Excellence Scholarship
  • Minnesota-Wisconsin Tuition Reciprocity Program
  • Minority Teacher Loan
  • Teacher of the Visually Impaired Loan

25
Academic Excellence Scholarship (AES)
  • Awarded to Wisconsins top high school seniors
    who are Wisconsin residents and are US citizens
    or permanent US residents
  • Earned by the high school senior(s) with the
    highest cumulative grade point average in the
    class at the end of the fall semester of senior
    year
  • If you have an un-weighted, or traditional,
    grading system, alternates are reported in order
    by the next highest GPA but not lower than a 3.8
  • If you have a weighted grading system, alternates
    are reported in order by the next highest GPAs
  • Scholarship s are worth up to 2250 per year, for
    up to four years, toward tuition at participating
    Wisconsin colleges or universities
  • HEAB notifies the college of the students AES
    award

26
Academic Excellence Scholarship (AES)
  • The number of Academic Excellence Scholarships
    that may be awarded per school is based on
    student enrollment
  • HEAB determines the number of scholarships for
    each school based on Department of Public
    Instruction fall enrollment reports.
  • Contact HEAB if you believe your number of
    scholarships is inaccurate.

High School Enrollment Number of Scholarships
1-79 Total of 10 available
80-499 1
500-999 2
1000-1499 3
1500-1999 4
2000-2499 5
Over 2500 6
27
Tips for Counselors
  • The cumulative GPA for each student should be
    reported exactly as it is shown on your official
    high school transcript
  • Student name should be written exactly as the
    student wishes it to appear on the certificate
  • Schools should inform all recipients and
    alternates of their AES status as early as
    possible
  • Please encourage recipients to return their
    paperwork to HEAB as soon as possible
  • If an AES recipient has special circumstances
    that prevent college enrollment by the fall, the
    student should contact HEAB immediately
  • School Districts are required to have Board
    Policies identifying
  • An AES tie-breaking strategy for identical GPAs
  • The required number of semesters of enrollment in
    that district for a student to be eligible for
    the AES

28
AES High School Timeline
  • JANUARY - HEAB mails instructions, forms,
    notification of number of scholarships available
    for the school (based on enrollment), and a copy
    of the AES State of Wisconsin Statutes and Rules
    to schools
  • FEBRUARY 15 - By February 15th the school board
    shall designate the Academic Excellence
    Scholar(s). These designations are final.
  • MARCH 1 - No later than March 1, high school
    counselors must submit nomination forms, with the
    names of the recipients and alternates, to HEAB.
  • MARCH - AES recipients are contacted by HEAB
    asking them to verify their intent to accept the
    scholarship, and asking which participating
    school they plan to attend. HEAB begins the
    alternate selection process.
  • MAY - HEAB sends AES certificates to high
    schools for presentation to the scholars.
    Alternates do not receive certificates.
  • Contact Nancy Wilkison, HEAB Grant Specialist,
    for any questions about AES.
  • Email nancy.wilkison_at_wisconsin.gov Phone
    (608) 267-2213

29
Contacting HEAB
  • State of Wisconsin
  • Higher Educational Aids Board
  • P.O. Box 7885
  • Madison, WI 53707-7885
  • (608) 267-2206 Fax (608) 267-2808
  • E-Mail HEABmail_at_wisconsin.gov
  • Web Page heab.wi.gov

30
Fund for Wisconsin Scholars (FFWS)
  • The FFWS is a private charitable foundation that
    has been funded with a 175 million founding
    gift. It will provide grants to talented,
    lower-income graduates of Wisconsin public high
    schools attending a public college, university or
    technical school in Wisconsin. Grants are gifts
    and do not need to be repaid. Recipients are
    selected randomly out of those students that meet
    basic eligibility criteria.

For More Information www.ffws.org
Contact Mary Gulbrandsen, Executive
Director P.O. Box 5506 Madison, WI 53705-0506 Ph
608.238.2400 mgulbrandsen_at_ffws.org  
31
Wisconsin Department of Public Instruction Wiscons
in Educational Opportunity Programs
32
What is WEOP?
  • WEOP is a component of the Department of Public
    Instruction.
  • Our purpose is to help educationally and
    economically disadvantaged students continue
    their education through select statewide
    programs.

33
WEOP Programs
  • State Talent Search Program
  • Talent Incentive Program (TIP)
  • Precollege Scholarship Program
  • Early Identification Program (EIP)
  • Federal GEAR UP Program
  • Federal Talent Search Program
  • (Ashland, Eau Claire, Green Bay, and Wausau
    offices only)
  • Federal Upward Bound Program
  • (Wausau Office only)

34
State Talent Search Program
  • Individual financial aid, admissions, scholarship
    and career advising
  • Assist with the college and financial aid
    application process
  • Identify and recommend students for the TIP
    Grant
  • Recommend students for the GEAR UP scholarship
  • Assist students in identifying scholarship
    sources
  • Make financial aid presentations to parents,
    students, and community groups

35
Talent Incentive Program (TIP)
  • TIP Grant Purpose
  • Assist disadvantaged, low-income students with
    limited financial resources
  • Benefits of the TIP Grant
  • Grant ranges from 800-1800 per year
  • Automatically renewable if student applies for
    financial aid and is continuously enrolled
  • Available for 10 consecutive semesters

36
TIP Guidelines
  • Must be a WI resident
  • Attend a HEAB approved post-secondary institution
    (WI technical, public or private
    college/university)
  • Be a first time college freshman (A student who
    has been enrolled in a post-secondary institution
    for less than two semesters at half time or
    greater status since attending high school.)

37
TIP Criteria
  • A student must meet one criteria from Group A and
    one from Group B
  • Group A is based on financial need
  • Group B is based on other factors
  • The criteria is based on dependent or independent
    status for financial aid purposes as determined
    by the FAFSA

38
Group A
  • Dependent Student
  • Parent contribution at or below 200
  • Family receives TANF benefits
  • Parents unemployed and have no current income
    from employment and are ineligible for
    unemployment compensation
  • Independent Student
  • A student contribution at or below 200
  • A student receives TANF benefits
  • A student and spouse, if married, is unemployed
    and receives no income from employment, and
    is/are ineligible for unemployment compensation

39
Group B
  • A student must meet one of these criteria
  • Is enrolled in a special academic support program
    at college
  • Is first generation (neither parent graduated
    from a 4-year college)
  • Is disabled according to DHSF, DVR, or a special
    needs office at the college campus
  • Is currently or formerly incarcerated
  • The students environmental and academic
    background are such that it deters the pursuit of
    his/her educational plans.

40
Documentation that may be Requested to Complete
the TIP Application Process
  • College Letter of Acceptance or Class Schedule
  • Student Aid Report (SAR)
  • Prior Year Tax Forms
  • Verification of untaxed income
  • Financial Aid Award Letter
  • Documents required to complete the application
    process may vary at each WEOP office

41
GEAR UP Scholarship
  • Eligible participants
  • Are a GEAR UP, EIP or Federal TRIO student who is
    a Wisconsin resident
  • Must be nominated by a WEOP Counselor
  • Must attend a public, private, or technical
    college in Wisconsin
  • Must be eligible for a Pell Grant and a WHEG or
    WTG grant
  • Can receive this renewable scholarship for 10
    consecutive semesters of attendance

42
Precollege Scholarship Program
  • Available to Wisconsin students in grades 6-12
    who are eligible for free or reduced price school
    meals.
  • Must be attending a pre-authorized Wisconsin
    academic Pre-college program.
  • Covers tuition, books, supplies, room and board.
  • A student can receive three scholarships per
    calendar year from July 1 June 30.
  • Application must be signed by guidance counselor,
    teacher, principal or WEOP counselor and a parent
    or legal guardian.

43
How to apply?
  • Contact your nearest WEOP office
  • Download the applications at
  • www.dpi.wi.gov/weop/index.html

44
OTHER WEOP PROGRAMS
  • GEAR UP, EIP, Federal Talent Search, and Upward
    Bound
  • Grades 6-12
  • Programs are provided to
  • Targeted School Districts
  • Students who meet pre-determined income
    guidelines
  • Programs emphasize
  • Academic Achievement
  • Tutoring
  • Mentoring
  • Parent Involvement
  • College Visits
  • Workshops

45
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46
WEOP Offices www.dpi.wi.gov
  • Ashland
  • 620 Beaser Avenue
  • Ashland, WI 54806
  • (715) 682-7975
  • Eau Claire
  • 204 E. Grand Avenue, 5th Floor
  • Eau Claire, WI 54701
  • (715) 836-3171
  • Green Bay
  • 2140 Holmgren Way
  • Green Bay, WI 54304
  • (920) 492-5745
  • Milwaukee
  • 101 W. Pleasant Street, Suite 110
  • Milwaukee, WI 53212
  • (414) 227-4466
  • Madison
  • 125 South Webster Street, Room 309
  • Madison, WI 53707
  • (608) 267-1058
  • Racine
  • 2113 N. Wisconsin
  • Racine, WI 53402
  • (262) 638-7370
  • Wausau
  • 133 River Drive
  • Wausau, WI 54403
  • (715) 842-0871

47
Wisconsin Covenant 2010/11 School Year
The student confirmation process
48
The Wisconsin Covenant The Goal
  • The goal of the Wisconsin Covenant is for 8th
    grade students to aspire to and prepare for
    higher education.
  • Every Wisconsin student should know that if they
    are willing to work hard in high school, stay out
    of trouble and contribute to their community,
    college IS possible
  • For more information www.wisconsincovenant.wi.gov

49
Confirmation Process
Students must verify that they met the pledge
requirements to be recognized as a Wisconsin
Covenant Scholar and to receive the Wisconsin
Covenant Scholars Grant
50
Important dates to remember for seniors to be
confirmed

November/December Lists of Wisconsin Covenant students will be provided to Primary Contacts
December 1 Confirmation form will become available online and will be mailed to seniors
January 1 Confirmation process begins
April 1 Confirmation/FAFSA deadline
April 5 Deadline for Primary Contacts to send list of confirmed/not confirmed Wisconsin Covenant students
July 1 Deadline for Primary Contacts to send list of students that were confirmed, but did not graduate
51
Gift Aid (FREE )
  • Scholarships
  • Civic organization scholarships
  • High School
  • Local Public Library
  • Private business scholarships
  • Online scholarship search engines
  • Other sources of funding
  • Parental Affiliations
  • Employers Labor Unions
  • Religious and Community Organizations
  • Clubs and Civic groups

52
Additional Government Resources
  • Corporation for National and Community Service
  • Veterans benefits and tuition waivers
  • ROTC Scholarships and/or stipends
  • Bureau of Indian Affairs (BIA) Grants
  • State Divisions of Vocational Rehabilitation
    (DVR)
  • Health and Human Services Loan and Scholarship
    Programs

53
Self-Help Aid
  • Employment (must be earned as wages)
  • Federal Work-Study
  • Institutional Work Programs
  • Off Campus employment
  • Loans (must be repaid with interest)
  • Federal Perkins Loan
  • Federal Stafford Loans
  • William D. Ford Federal Direct Loan Program
  • Subsidized
  • Must exhibit financial need to qualify
  • Unsubsidized
  • Federal PLUS Loan (parent)
  • State Loans
  • Institutional Loans
  • Private-Alternative Loans

54
Federal Student Loans
  • Every family should file a FAFSA. Regardless of
    income, every student qualifies for a Federal
    Stafford loan, if they meet the basic eligibility
    requirements.
  • Benefits of a federal student loan
  • You dont have to repay until you leave school
  • Lower interest rates than credit cards
  • Credit record is not needed
  • Co-signer is not required

55
PLUS vs. Private/Alternative Loan
  • Compare the Differences
  • Interest Rate (variable vs. fixed)
  • Borrower/Cosigner requirements qualifications
  • Minimum and Maximum loan amounts
  • Interest accrual
  • Deferment Forbearance options
  • Fees (origination and repayment)
  • Repayment period
  • Consolidation options

56
Borrowing Tips!
  • Before borrowing, think about your ability to
    make the monthly payment when you leave school
    (student loan calculators are available online)
  • Borrowers are free to choose any participating
    lender when borrowing under an alternative loan
    program
  • Borrow only what is needed for direct educational
    expenses and avoid borrowing funds for
    discretionary spending

57
Other Financing Options
  • School Payment Plans (spread over several months)
  • Home Equity Loans (longer repayment, tax
    deductible)
  • Life Insurance Policy Loans
  • Retirement Plan Loans
  • 529 Plan withdrawals

58
Applying for Aid
  • Resources available
  • Application process
  • What happens after you file a FAFSA
  • Financial Aid fraud
  • Comparing school offers

59
What is College Access Advising?
  • Part of Wisconsins College Access Challenge
    Grant administered by Great Lakes Higher
    Education Guaranty Corporation
  • Priority given to low-income students and
    families. Services available to all Wisconsin
    high school students.
  • Ten College Access Advisors provide free
    workshops and one-on-one advising

60
College Access Advising
  • To take advantage to the free resources available
    through the College Access Challenge Grant,
    contact us at
  • 888-648-5733
  • E-mail CollegeAccessAdvising_at_glhec.org

61
Get Help
  • College Goal Wisconsin
  • Free program to help families
  • complete the FAFSA
  • February 19-20, 2011
  • Scholarship drawing at each site
  • Provided by WASFAA and CACG
  • 30 sites throughout Wisconsin
  • Sponsored by WASFAA, along with several other
    partners
  • For location information
  • visit www.wicollegegoalsunday.org
  • or call 1-866-578-4625

62
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63
College Goal Wisconsin Saturday Sites February
19, 2011
Janesville Hedberg Public Library 316 S Main
Street Madison Edgewood College 1000 Edgewood
College Avenue (Use Main Entrance) Milwaukee Cust
er High School 5075 N Sherman Blvd (Park on
south side of school. Use Sherman Blvd
entrance) Waukesha UW Waukesha 1500 N University
Drive Commons Building
Appleton Fox Valley Technical College 1825 N
Bluemound (Entrance 1, Room A105) Kenosha Gateway
Technical College 3520 30th Avenue The Center for
Bioscience Madison Madison Area Technical
College 3550 Anderson Street (Use Redsten Gym
Entrance) Oshkosh UW Oshkosh 800 Algoma
Blvd Wausau Northcentral Technical College 1000
Campus Drive (Main Entrance Rooms, E101 and
E102)
Beloit Beloit Memorial High School 1225 4th
Street Keshena College of Menominee Nation N172
State Hwy 47/55 Marinette UW Marinette 750 W Bay
Shore Street (Enter Main Building) Platteville Pla
tteville High School 710 E Madison Street Commons
Area Wisconsin Rapids Mid State Technical
College 500 32nd Street, Building A
Elkhorn Gateway Technical College 400 County Road
H Atrium 200 Building Lac du Flambeau Lake of
the Torches Hwy 47 N, Convention
Center (Questions, contact the Education
Dept.) Milwaukee Alverno College 3400 S 43rd
Street (Free parking in ramp. Enter
rotunda.) Rice Lake UW Barron County 1800 College
Drive Ritzinger Hall
64
College Goal Wisconsin Sunday Sites February 20,
2011
Eau Claire Chippewa Valley Technical College 620
W Clairemont Avenue Business Education
Center (Entrance by Parking Lot P1 at the front
of the building or P9 on the west side) DeForest
(Madison Area) DeForest High School 815 Jefferson
Street Racine Gateway Technical College 1001 S
Main Street Racine Conference Center (Parking in
Lake Level Parking Lots. Lake Side Entrance.)
Fond du Lac Marian University 45 S National
Avenue Stayer Center Corner of 4th and
National Kenosha UW Parkside 900 Wood
Road Student Center Rhinelander Rhinelander High
School 665 Coolidge Avenue (Entrance 1)
Green Bay East High School 1415 E Walnut
Street (Use Front Entrance off of Walnut
Street) Milwaukee Riverside High School 1615 E
Locust Street (Main Entrance off of
Locust) Sheboygan UW Sheboygan One University
Drive (Use West Entrance)
LaCrosse UW LaCrosse 1705 State Street Wing
Technology Center Milwaukee Pulaski High
School 2500 W Oklahoma Avenue (Use Main Entrance
at 25th Oklahoma) Superior Superior High
School 2600 Catlin Avenue Library Computer Lab
65
Application Process
  • Apply for PIN through Department of Education
  • www.pin.ed.gov
  • Submit the Free Application for Federal Student
    Aid (FAFSA) prior to your schools deadline
  • www.fafsa.gov, NOT fafsa.com!!
  • Submit any institutional application
    materials (if required by your school)
  • Finalize school admission
  • Make sure to meet all required deadlines!

66
FAFSA Steps
  1. General student info
  2. Students financial data
  3. Dependency questions
  4. Parent data (dependent students)
  5. Household size (independent students)
  6. Schools and school codes
  7. Signature(s)

67
What is a PIN? www.pin.ed.gov
  • Personal Identification Number
  • Student and one parent must get their own PIN
  • Used to electronically sign the FAFSA
  • PIN delivery
  • Instantly view online
  • By e-mail immediately, with a link to retrieve
    your PIN
  • By postal mail in 7-10 days
  • Can also be used for
  • Renewal on the Web
  • Corrections on the Web
  • National Student Loan Database
  • Signing promissory notes for student/parent loans
    (Perkins, Stafford, PLUS)

A PIN should not be shared. The unauthorized
use of a PIN by anyone but the owner may result
in the deactivation of the PIN or the
invalidation of signed documents, including
FAFSAs and promissory notes.
68
College Scholarship Service /PROFILE (used by
some private schools)
  • Collects additional data
  • Targets non-federal funds
  • Supports Institutional Methodology (IM) as well
    as Federal Methodology (FM)
  • Supports early estimates/early admission

69
Timelines
  • A PIN may be obtained at any time prior to filing
    the FAFSA.
  • The earliest a student can file the FAFSA for the
    2011-2012 academic year is January 1, 2011.
  • Check with schools for institutional deadlines
    and requirements.
  • Failure to apply early may result in less aid,
    even if otherwise eligible.
  • Students must renew the FAFSA every year.
    Renewal notification is sent to students in early
    January 2011. Students with a valid e-mail
    address will receive e-mail reminders. Others
    will receive a paper reminder.

70
After you file the FAFSA
  • Results are sent electronically to the school(s)
    the student selected.
  • Students Parents will receive the results of
    their FAFSA by e-mail (or regular mail) - Student
    Aid Report (SAR).
  • If FAFSA corrections are necessary, go to
    www.fafsa.gov and make corrections to a
    processed FAFSA.
  • If FAFSA is rejected, follow the instructions to
    correct it!
  • Students may be required to verify the
    information submitted on the FAFSA (submit tax
    forms).
  • After the student is admitted to a school, a
    financial aid package will be prepared.
  • Contact the school with any Special Circumstances.

71
FAFSA Processing Flowchart
DATA MATCHES
72
Dont Get Scammed on Your Way to College
  • Consumer complaints are mainly about business
    practices
  • College prep/financial aid advice services
  • FAFSA for a fee
  • Be aware of tactics used to convince students to
    buy services
  • If you use our services, youre guaranteed to
    get at least 2000 in student aid for college, or
    well give you your money back.
  • Applying for aid is complicated. Were the only
    ones who can help you through the process and
    find all the aid for which youre eligible.
  • Id like to offer you a scholarship (or grant).
    All I need is your bank account information so
    the money can be deposited and a processing fee
    charged.
  • Contact your nearest college financial aid office
    if you have questions regarding the legitimacy of
    any questionable offer

73
Proceed with Caution!
  • Never pay a fee to file the FAFSA
  • When filing a FAFSA, make sure you go directly
    to www.fafsa.gov (not www.fafsa.com)
  • Contact the financial aid office if you need help
    in completing the FAFSA
  • Never pay for financial aid assistance!
  • Financial aid nights
  • Campus tours
  • Scholarship searches

74
How to Compare Financial Aid Offers
  • Start with tuition, fees, room and board
  • Subtract grant and scholarship offers only
  • The difference is your net cost
  • Always compare net cost
  • Do not subtract Federal Work Study as a lump sum
    disbursement because students are paid for hours
    worked

75
FAFSA Topics
  • Frequent FAFSA errors
  • How to report assets
  • Student dependency criteria
  • Who is a parent?
  • Professional Judgment
  • Student Responsibility
  • Recent changes

76
Frequent FAFSA Errors
  • Missing Signatures/PIN
  • Wrong Social Security Number
  • Divorced/remarried parent information
  • Income earned by parents/stepparents
  • Untaxed income
  • Incorrect reporting of U.S. income taxes paid
  • Household size
  • Number in postsecondary education (cannot include
    parent)
  • Real estate and investment net worth/small
    business net worth
  • Not using name listed on Social Security card
  • Wrong state of residence info will not go to
    HEAB
  • Reporting parent data in student section
  • NOT APPLYING AT ALL

77
Assets FAFSA Questions
  • Student (and Spouse)
  • As of today, what is your (and spouses) total
    current balance of cash, savings and checking
    accounts? Do not include student financial aid.
  • As of today, what is the net worth of your (and
    spouses) investments, including real estate?
    Dont include the home you live in. Net worth
    means current value minus debt.
  • As of today, what is the net worth of your (and
    spouses) current businesses and/or investment
    farms? Dont include a family farm or family
    business with 100 or fewer full-time or full-time
    equivalent employees.
  • Parents
  • Same questions, if dependent student

78
Dependency Status Questions
  • Were you born before January 1, 1988?
  • As of today, are you married?
  • At the beginning of the 20112012 school year,
    will you be working on a masters or doctorate
    program (such as an MA, MBA, MD, JD, PhD, EdD,
    graduate certificate, etc.)?
  • Are you currently serving on active duty in the
    U.S. Armed Forces for purposes other than
    training?
  • Are you a veteran of the U.S. Armed Forces?
  • Do you have children who will receive more than
    half of their support from you between July 1,
    2011 and June 30, 2012?
  • Do you have dependents (other than your children
    or spouse) who live with you and who receive more
    than half of their support from you, now and
    through June 30, 2012?
  • At any time since you turned age 13, were both
    your parents deceased, were you in foster care or
    were you a dependent or ward of the court?
  • As determined by a court in your state of legal
    residence, are you or were you an emancipated
    minor?
  • As determined by a court in your state of legal
    residence, are you or were you in legal
    guardianship?

79
Dependency Status Questions
  • At any time on or after July 1, 2010, did your
    high school or school district homeless liaison
    determine that you were an unaccompanied youth
    who was homeless?
  • At any time on or after July 1, 2010, did the
    director of an emergency shelter or transitional
    housing program funded by the U.S. Department of
    Housing and Urban Development determine that you
    were an unaccompanied youth who was homeless?
  • At any time on or after July 1, 2010, did the
    director of a runaway or homeless youth basic
    center or transitional living program determine
    that you were an unaccompanied youth who was
    homeless or were self-supporting and at risk of
    being homeless?
  • Determined to be independent by the financial aid
    administrator via Professional Judgment
  • (Parents refusal to provide support or financial
    data is insufficient to make a student
    independent regardless of tax filing status)

80
For Federal Methodology, Who is a Parent?
  • Two biological parents married to each other
  • Divorced or separated parents
  • Stepparent
  • Widowed parent
  • Legal adoptive parent

81
Divorced/Separated Issues
  • FAFSA is to be completed using parent with whom
    the student lived with more in the past 12
    months. If student did not live with one parent
    more than the other, give answers about the
    parent who provided more financial support during
    the past 12 months, or during the most recent
    year that the student actually received support
    from a parent.
  • If this parent has remarried, stepparent
    information must be included on the FAFSA.

82
Special Circumstances? Contact the Financial Aid
Office
  • Divorce/Separation after the FAFSA has been filed
  • Loss of income or benefits
  • One-time income
  • Death or Disability of student or parent
  • Medical/Dental expenses not covered by insurance
  • Elementary or secondary school tuition
  • Dependency override
  • (Note Professional Judgment is at the sole
    discretion of each institution.)

83
Professional Judgment by Financial Aid
Administrators
  • Adjustments are determined by each institution on
    a case by case basis.
  • Another institution may or may not automatically
    accept a professional judgment made by another
    institution.
  • The decision must recognize the unique situation
    of the student and must be documented.

84
Unsubsidized Loan Only
  • An applicant who is dependent but whose parents
    do not provide financial support and refuse to
    provide parental data on the FAFSA will have the
    option to submit the FAFSA for an unsubsidized
    loan only
  • FAFSA on the Web will present a path that allows
    the applicant to indicate that he or she will not
    provide parental data on the form and will allow
    the applicant to submit the FAFSA
  • The FAFSA will be processed as a rejected
    dependent student and no EFC will be calculated.
  • The applicant will need to follow up with their
    school financial aid office for continued
    processing.

85
Student Responsibility
86
Application Policy Changes
  • Enhancements (January 2010)
  • FOTW redesign
  • Enhanced security (Virtual Keyboard, SSN no
    longer displayed)
  • Department of Defense Database Match
    (Iraq/Afghanistan Service Grant)
  • Mid-year Enhancements (since March 2010)
  • All federal student loans (Stafford, PLUS, and
    Grad PLUS) will be made via the Direct Loan
    program as of July 1, 2010
  • Two Pell grants in a year
  • IRS Data Retrieval
  • Gender question relocated
  • Signature enhancements
  • School code search added ability to search by
    state
  • Expanded the school data shown to students

87
FAFSA On The Web
  • Redesign of the 2010-2011 online navigation
  • Reduces the number of pages and length of the
    application
  • Streamlined help text and instructions

88
FOTW redesign examples
89
Enhanced Security Virtual Keyboard Protecting
SSN
  • Implemented within FOTW and PIN sites
  • Protecting SSN
  • Full SSN will no longer appear on the SAR
  • SSN will no longer be used on confirmation page
  • A new random number will be assigned as the
    confirmation number

90
Database Match with Department of Defense (DOD)
  • Under certain conditions, an otherwise eligible
    student whose parent or guardian died as a result
    of U.S. military service in Iraq or Afghanistan
    after 9/11/01, may receive increased amounts of
    aid
  • For 10-11, if Pell-eligible, student may receive
  • Maximum Pell grant
  • Zero EFC for all other federal student aid
  • If Pell-ineligible, student may receive
  • Iraq/Afghanistan Service Grant in an amount equal
    to maximum Pell grant
  • All other aid must be awarded based on calculated
    EFC

91
Federal Direct Student Loans
  • Legislation Health Care and Education
    Reconciliation Act of 2010
  • 100 Direct Loans July 1, 2010 and forward
  • Stafford, PLUS and Grad PLUS
  • Most things are the same for borrowers
  • Regulations
  • Origination/Certification
  • Loan Types/Interest Rates/Repayment
  • Counseling
  • Promissory Notes

92
Two Pell Grants in One Award Year
  • A student may receive up to two scheduled Pell
    grants (200) in one award year.
  • First scheduled award
  • Enrolled at any enrollment status
  • Second scheduled award
  • Enrolled at least ½ time
  • Received 100 of first scheduled award
  • Beginning with 2010-2011 award year, student must
    demonstrate academic year acceleration
  • All amounts received count toward life-time
    aggregate limit, if applicable

93
IRS Data Retrieval Tool
  • Federal Student Aid and the Internal Revenue
    Service collaborated to develop a solution that
    simplifies FAFSA completion
  • The IRS Data Retrieval tool will allow FAFSA on
    the Web applicants to request and retrieve their
    income and tax data from the IRS
  • Once the data is retrieved from the IRS, it can
    be transferred to FOTW

94
Application Policy Changes
  • 2011-2012 Proposed Changes
  • Redesign FOTW home page
  • Redesign Corrections on the Web
  • Simplification of the FAFSA4Caster
  • Ask for name of high school and state
  • Asset threshold question to allow students and
    parents to skip asset questions (on FOTW only)
  • Loan/work study question to only ask if applicant
    is interested in work-study
  • Delete questions related to enrollment status and
    Teach Grant
  • 2011-2012 Changes
  • Students must file a FAFSA to receive the Parent
    PLUS Loan (98 already file)
  • Data base matches performed to ensure eligibility
  • ACG/SMART grants programs are no longer funded

95
FAFSA Simplification Objectives
  • Develop intuitive web experience
  • Seamless FAFSA on the Web
  • Integrate application functionality
  • Corrections Redesign
  • Continue to provide access to IRS tax information
  • IRS Data Retrieval tool
  • Decrease redundancies in the application
    experience
  • Data Element Changes

96
Seamless One Log In
97
New Applicants
98
Returning Applicants
99
Customized Status Options
100
Customized Status Options
101
Customized Status Options
102
Provide Signatures
103
  • Confirmation Page

104
Transactions History
105
FAFSA4Caster
  • Proposed Simplification
  • Less Questions
  • More Assumptions
  • Calculating EFC to provide Pell Estimate but EFC
    will not be displayed
  • Students will be able to add non-federal source
    of aid to calculate aid estimates
  • Students will not be able to transfer 4Caster
    data into FOTW
  • Student must file a FAFSA to receive financial
    aid

106
Data Element Changes
  • New Question
  • Students who indicate they received a high school
    diploma will be asked to provide the name of the
    high school they attended (Regulatory mandate)
  • Revised Question
  • Revision to work-study and student loan question
  • Only asked to indicate their interest in
    work-study
  • Deleted Questions
  • Enrollment status question will be deleted
  • TEACH grant question will be deleted
  • Asset Threshold Changes
  • Parents and independent students would be able to
    skip asset questions (on FOTW only)
  • Auto Zero EFC
  • Income threshold increases from 30,000 to
    31,000

107
Questions? Comments?
  • How can we help you?
  • What challenges do you have?
  • Do you need assistance with your Financial Aid
    Night?

108
THANK YOU ALL FOR ATTENDING!!! Please complete
the evaluation
109
WASFAA Pre-Collegiate School Relations Committee
Committee Objective To educate students,
parents, teachers, and school counselors about
the availability of financial aid and the aid
application process. Committee Members Triena
Bodart Jeannie Bynum Donna Dahlvang Vicki
Gack Bill Henderson Jill Hassenfelt Sharon
Hunter Connie Hutchison Heidi Johnson Jane
Lemke Tom Martin Leone Pierce Lynne
Siewert Bill Trippet Karla Weber
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