How To Get The Best Financial Aid Award Simple Steps To Help Guide You In The Process.

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How To Get The Best How To Get The Best Financial Aid Award Financial Aid Award Simple Steps To Help Simple Steps To Help Guide You In The Process Guide You In The Process

Transcript of How To Get The Best Financial Aid Award Simple Steps To Help Guide You In The Process.

Page 1: How To Get The Best Financial Aid Award Simple Steps To Help Guide You In The Process.

How To Get The Best How To Get The Best Financial Aid AwardFinancial Aid Award

Simple Steps To Help Guide Simple Steps To Help Guide You In The ProcessYou In The Process

Page 2: How To Get The Best Financial Aid Award Simple Steps To Help Guide You In The Process.

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First StepFirst Step

FAFSA.ED.GOVFAFSA.ED.GOV Apply For PIN NumberApply For PIN Number Enter Personal InformationEnter Personal Information Submit Your PIN ApplicationSubmit Your PIN Application Receive Your PINReceive Your PIN

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Second StepSecond Step

START HERESTART HERE Enter Your Basic InformationEnter Your Basic Information Create A Password That Is Easy To Create A Password That Is Easy To

Remember Between 5-12 CharactersRemember Between 5-12 Characters The First Section Is The Students The First Section Is The Students

InformationInformation Be Sure You Input Information For Parents Be Sure You Input Information For Parents

In The Proper SectionIn The Proper Section

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Third StepThird Step

List Up To 10 Colleges List Up To 10 Colleges Be Sure To Put California Colleges Be Sure To Put California Colleges

First – Then Include Out Of StateFirst – Then Include Out Of State Unless Out Of State College Requires Unless Out Of State College Requires

Their School To Be In Top 6 Their School To Be In Top 6 Click On-CampusClick On-Campus

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Fourth StepFourth Step

Adjusted Gross Income Is Line 37 From Adjusted Gross Income Is Line 37 From Tax Form 1040 Tax Form 1040

Wages: Include The Wages For Wages: Include The Wages For Father And Mother (W2 Or 1099)Father And Mother (W2 Or 1099)

If Divorced, Only Include Parent The If Divorced, Only Include Parent The Child Is With 51% Of The TimeChild Is With 51% Of The Time

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Fifth StepFifth Step

The Question About Assets:The Question About Assets: Do Not Include Your Primary Residence Do Not Include Your Primary Residence Asset Allowance Must Be HonestAsset Allowance Must Be Honest Exemptions Will Be What Is Listed On Exemptions Will Be What Is Listed On

Your Tax FormYour Tax Form If More People Live In Your Home Than If More People Live In Your Home Than

What You Indicate On Tax Form, What You Indicate On Tax Form, Include The Total NumberInclude The Total Number

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Sixth StepSixth Step

Indicate Whether Or Not The Student Indicate Whether Or Not The Student Will File Taxes Will File Taxes

Did They Have Any Reportable Did They Have Any Reportable Income And How MuchIncome And How Much

Do They Have Any Investments In Do They Have Any Investments In Their Name Their Name

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Seventh StepSeventh Step

Elect To Sign The Form Electronically With Elect To Sign The Form Electronically With Your PinYour Pin

Agree To The Terms And Enter Your 4 Agree To The Terms And Enter Your 4 Digit PIN Number For The StudentDigit PIN Number For The Student

Agree To The Terms And Enter Your 4 Agree To The Terms And Enter Your 4 Digit PIN Number For The Parent (Only Digit PIN Number For The Parent (Only One Parent)One Parent)

Click Submit. Print Out Your Click Submit. Print Out Your ConfirmationConfirmation

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What's Next?What's Next?

If Your Have More Than 10 Colleges You If Your Have More Than 10 Colleges You Will Need To Add The Rest.Will Need To Add The Rest.

Wait Wait 72 Hours72 Hours After You Submit The After You Submit The Form. Log Back In To The Form And Form. Log Back In To The Form And Replace Schools With The Remaining Replace Schools With The Remaining CollegesColleges

Be Sure You Have This Done Prior To Be Sure You Have This Done Prior To March 2, 2012 For Cal Grant Eligibility March 2, 2012 For Cal Grant Eligibility

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Now What?Now What?

The FAFSA Is Now With The Dept. Of Ed.The FAFSA Is Now With The Dept. Of Ed. It Will Be Sent To Each College Your It Will Be Sent To Each College Your

Entered. The College Will Determine Entered. The College Will Determine Your Eligibility For Financial AidYour Eligibility For Financial Aid

You Will Be Notified By April How Much You Will Be Notified By April How Much Financial Aid You Have Been AwardedFinancial Aid You Have Been Awarded

Mistakes Are Common And The Colleges Mistakes Are Common And The Colleges Do Not Notify You If This Happens (91%)Do Not Notify You If This Happens (91%)

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What You Should ExpectWhat You Should Expect

Cal Grant A & B Entitlement Or Cal Grant A & B Entitlement Or CompetitiveCompetitive

Must Have Over a 3.0 GPA And Must Have Over a 3.0 GPA And Qualify Financially Qualify Financially

If Student Will Be Attending A If Student Will Be Attending A Community College The Grant Will Be Community College The Grant Will Be Placed On Reserve For 3 Years Or Placed On Reserve For 3 Years Or Until TransferUntil Transfer

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What You Should ExpectWhat You Should Expect

Cal Grant A Pays $12,192 At UCCal Grant A Pays $12,192 At UC $5,472 At Cal State$5,472 At Cal State $9,708 At Non-Public$9,708 At Non-Public Can't Take Out Of StateCan't Take Out Of State Stafford Loans (Sub & Unsub)Stafford Loans (Sub & Unsub) Parent PLUS LoansParent PLUS Loans Perkins Loans & Work Study ProgramsPerkins Loans & Work Study Programs

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Be Sure To Do The FollowingBe Sure To Do The Following

Send In Cal Grant GPA VerificationSend In Cal Grant GPA Verification Fill Out And Give To Your CounselorFill Out And Give To Your Counselor Know What You Should Be Awarded Know What You Should Be Awarded

Because Some Colleges Miss-AwardBecause Some Colleges Miss-Award You Do Not Need To Commit To A You Do Not Need To Commit To A

College Until Your Receive All Awards College Until Your Receive All Awards From Each School. Determine Who From Each School. Determine Who Has The Best OfferHas The Best Offer

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National Commit DayNational Commit Day

May 1May 1stst You Will Indicate To The You Will Indicate To The College That You Want To AttendCollege That You Want To Attend

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How To Reach UsHow To Reach Us

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