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• Don’t mix answers for student and parent information.• Ensure SSN accuracy.• Gender question is optional – answer it!• Have federal income tax and other related information as
references. • If you have yet to file your federal income taxes, you can
estimate income information and update/correct later with the IRS Data Retrieval Tool.
• Remember to complete the PA State Grant form from the confirmation page.
• Don’t delay – know your school deadlines and try to meet them!
FAFSA Tips
• Divorced or separated parents (the parent the student lived with the most over the past 12 months. If equal, then the parent who provided more than 50% of student’s financial support)
• Stepparents - yes• Adoptive parents - yes• Foster parents - no• Legal guardians - no• Anyone else the student is living with - no
Whose Information Goes on the FAFSA?
• Applicants may need the following items:
» Social security numbers» Drivers license (student only; this information is optional)» Federal income tax returns (1040, 1040A or 1040EZ)» W-2 forms from all employers» Current bank statements (checking and savings)» Current business and farm records» Records of any stocks, bonds and other investments, including 529
accounts» Additional untaxed income tax records may be needed such as:
Veteran’s non educational benefits, child support paid/received and workers compensation.
» Alien registration or permanent resident card (if not a US citizen)
» **These are also listed on the FAFSA Tipsheet and in the FAFSA Reference Guide.
Documents Needed to Complete the FAFSA
• Recent Death or Disability• Reduced Income• Recent Separation or Divorce
Contact the school and ask for a special consideration AND Contact State Grant Division at PHEAA
Special Circumstances
Sign FAFSA electronically» Not required, but
speeds processing
Website: www.pin.ed.gov
• BOTH Student and one Parent sign electronically with PIN• Do NOT lose it. Write it down and store in a safe place• Do NOT share it with anyone• Links for PIN are within the FAFSA form too• **PIN will be changing to username and password in
April/May 2015.
PIN (Personal Identification Number)
www.fafsa.gov
FAFSA On The Web (FOTW) – Log In
Student Section
Renewal or New 2015-2016
Create a PASSWORDto access your data
(NOTE: your PIN is your signature, not your password)
Answer “yes” to work-study, even if you’re not sure
MUST list your
High School
Drop down boxes will help you find your High School
NEXT:Post Secondary School Selection
Add up to 10 schools!
Drop down box helps you find your Post Secondary School
Selected Schoolsthat you may be interested in attending
Housing Selection
Change the order of schools
Dependency Questions
All “No” answers = Dependent Status (most high school students)
“Yes” answers = additional questions to determine Independent Status
Dependent Students must provide Parent Info
Note:If unable, it is a Special Circumstance and additional info is required by the school
Parent(s) Information
Parent(s) Last Name MUST match SSN info
Don’t miss deadlines if you haven’t filed taxes yet!
Filed taxes yet?
WILL FILE:It’s OK to estimate tax information
After filing taxes
You will RETURN to FAFSA.gov, Financial Information and use the IRS Data Retrieval Tool
Dislocated Worker means:Laid Off or Unemployed
Keep Going!
Continue to answer income questions
Asset Protection Allowance is calculated
Student tax info…
Same questions, including to use theIRS Data Retrieval Tool
Some families ask: Why are there so many income questions for my high school student?
Answer: A student can be an adult (independent) or have additional income to report
Answer as it applies to you!
No Asset Protection for Student.
Data Integrity
Identifies errors or missing data before you submit!
Acknowledges PIN signature…
Parent’s PIN
Privacy agreements
PIN errors will be addressed
Congratulations!
You submitted your FAFSA!
Parents with second student? Start here
EFC and Estimated eligibility are calculated
Confirmation Page Continued
IF taxes were estimated, don’t forget to use IRS Data Retrieval Tool after filing.
IRS Data Retrieval Tool
IRS Data Retrieval Tool Verification
Change the Tax question to: Already Completed
Answer the questions below and theIRS link will be shown if all answers are “NO”
Enter parent PIN, click on LINK TO IRS
================================Follow the prompts to go to the IRS page and transfer the Tax Return information intothe FAFSA
The transferred information will be displayed. Do not change IRS tax information that has been transferred.
Click “Next” after reviewing informationIF student filed taxes, repeat steps.
Proceed to the SIGN and SUBMIT page – enter PIN’s, agree to privacy terms and SUBMIT the new verified FAFSA information
====================================An updated SAR will be sent through email and your school choices will receive the verified FAFSA information.
IF verified info changes an award package, new information will be sent to the student.
PA State Grant Form
Apply for your PA State Grant from the FAFSA Confirmation Page
TRANSFERS FOTW data to the State Grant Application
Optional Feature – Start your State Application – Click HERE if you want to apply for Pennsylvania State based financial aid
Additional questions needed to determine PA State Grant eligibility» enrollment status (full time/part time)» value of PA 529 College Savings Program» program of study for students in vocational programs» employment status
Link off the FAFSA Application CONFIRMATION Page Moves you right to the PA Grant Application
Missed the link or it wasn’t available? An email is sent to student/parent from PHEAA with a Link to the form
OR Go to PHEAA.org, State Grant Program -> and Complete the form/Account
Access
• Help screens are available for all questions
Online State Grant Application
PA State Grant Form online
Online State Grant Application
Note: AES is a servicing division of PHEAA – you are in the right place!
Just follow the prompts…
All Done….. After mailing!
Print & Mail
**You MUST print, sign and mail in the Grant Confirmation Page
Students can view their status on
Account Access at PHEAA.org
Establish a personal account at PHEAA.orgCheck emails regularly for any updates
Check your status
• Get your PIN: www.pin.ed.gov
• File FAFSA for 2015-16 at FAFSA.GOV» Use the IRS Data Retrieval tool after filing taxes
• Do your FAFSA and State Grant app at the same time
• Meet your school’s DEADLINES» State Grant Deadline for FAFSA, May 1, 2015» School deadlines may be earlier!
• Research Careers: www.EducationPlanner.org• Research COSTS: www.MySmartBorrowing.com
Things to Remember
• Student Aid Report or Acknowledgment sent to student (review and make necessary corrections)
• Expected Family Contribution (EFC) is determined
• Information is sent to PHEAA. Student must complete State Grant Form (SGF). Can link to this directly from the FAFSA or go to www.pheaa.org
• Account Access (PHEAA) - create an account at www.pheaa.org to view PA State Grant
• FAFSA information is sent to schools/colleges listed on the FAFSA.
What Happens Next?
Schools/colleges receive your FAFSA information and calculate financial need
School cost……………………. $26,000
EFC………………………………- 3,000
Financial need………………… $23,000
Financial Aid Office (FAO) “packages” student based on financial need and available funding (varies from school to school).
The Financial Aid Award letter is sent to the student only after the FAFSA is processed and student is accepted for enrollment.
Financial Aid Award Notification from School
After reviewing the FAA letter packages, students should be sure they know and understand the following:
• How much of the financial aid is free money? • Which awards are based on need, and which are based on
merit?• Are there any conditions on the free money; in particular,
is there a GPA requirement?• Will awards change from year to year?• Will institutional awards increase as tuition increases?• Will loans be needed? If so, how much?
Reviewing the Financial Aid Award (FAA) Letter
• Only after you have carefully reviewed all of the FAA letters from the schools that you have been accepted to and you understand the true costs to you and your family, is when you will know what school is truly affordable to you and your family to attend.
• Know how you will pay for all 2, 4 or 5 years of your program of study NOW not after you are on campus!!
Making Your Decision
• PHEAA.org• EducationPlanner.org• MySmartBorrowing.com• YouCanDealWithIt.com• Myfedloan.org• PHEAA toll free: 1-800-692-7392• Federal Student Aid Info Center – 1-800-433-3243• www.fafsa.gov• www.studentaid.gov – general financial aid info• www.studentloans.gov – information on federal loans
Resources
QUESTIONS?
Questions?
