Cal State University, East Bay Preview Day 2015 Welcome to The Bay!
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Transcript of Cal State University, East Bay Preview Day 2015 Welcome to The Bay!
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Cal State University, East Bay
Preview Day 2015
Welcome to The Bay!
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You will …
Prepare for the aid application process that starts in January
Learn financial aid terms and concepts
Hear tips to help the process proceed smoothly
Via Talk & Short Videos
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Myths About Financial Aid
http://www.youtube.com/watch?v=K8JuaYVJ_LE
File early with estimatesUse the IRS Data Retrieval Tool
when tax returns are filed(if eligible)
www.fafsa.gov (March 2nd priority deadline)
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Answers to look for …
How do I apply?
How much does it cost?
Am I guaranteed to get free money?
http://www.youtube.com/watch?v=kbJ55UWMEFE
Applying for AidVideo 1
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Points to emphasize …
Apply @ fafsa.gov each January
Application is FREE
Grant eligibility is based on your FAFSA info“loans ARE financial aid”
Applying for Aid
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Answers to look for …
What can I use aid to pay for?
What aid types do not have tobe repaid?
How much money should I borrow?
http://www.youtube.com/watch?v=Pn4OECMTh5w
Federal Aid TypesVideo 2
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Points to emphasize …
Aid can be used to cover Cost of Attendance (student budget)
Grants (free $) and work-study job (earned $) are not repaid
Make a budget; borrow as little as possible; it’s not Monopoly $
Federal Aid Types
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Answers to look for …
What info should I gather?
What if taxes aren’t filed yet?
How do I sign the FAFSA? https://www.youtube.com/watch?v=VRyXfUStHO0
Filling Out the FAFSAVideo 3
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Points to emphasize …
Careful w/ legal name (hyphen, nicknames), SSN, and DOB
Use IRS Data Retrieval Tool when taxes are filed
FSA ID is your e-signature and can be obtained at fafsa.gov
Filling Out the FAFSA
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Not Eligible to File the FAFSA?www.csac.ca.gov/dream_act.asp
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Answers to look for …
What is a priority deadline?
What is a Cost of Attendance?
What is an Expected Family Contribution (EFC)?
http://www.youtube.com/watch?v=c-23SMf5DyQ
Priority and NeedVideo 4
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Points to emphasize …
March 2nd is priority deadline(allow buffer for fixing errors)
COA has actual/estimated costs
EFC is an index for eligibility
Visual look at COA-EFC=Need
Priority and Need
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Monitor & Manage Your Cal GrantChange School, Update Personal Info, Report Graduation Date
https://mygrantinfo.csac.ca.gov
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Answers to look for …
What is a Student Aid Report?
What if my FAFSA has errors?
How do I learn about the loanrights and responsibilities?
http://www.youtube.com/watch?v=JQxorQ9s_pY
What Happens NextVideo 5
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Points to emphasize …
Student Aid Report is summary
SAR comments identify errorsDon’t miss priority date because of errors!
Loan counseling required
Master Promissory Note (MPN)states terms and conditions
What Happens Next
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Money you apply for and win
Typically awarded for area of study, good grades, special talents, or community service
You don’t have to repay scholarship money
Type “scholarships” in the CSUEB website search box
ScholarshipsUniversity and Outside Sources
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Cal State University, East Bay
Preview Day 2015
Question Period Follows