Скачать презентацию 2005 High School Counselor Drive In Workshop 1 Скачать презентацию 2005 High School Counselor Drive In Workshop 1

459cedc89498cd9f63e3702336421867.ppt

  • Количество слайдов: 104

2005 High School Counselor Drive In Workshop 1 2005 High School Counselor Drive In Workshop 1

Coordinated By: • Wisconsin Association of Student Financial Aid Administrators (WASFAA) • Wisconsin Higher Coordinated By: • Wisconsin Association of Student Financial Aid Administrators (WASFAA) • Wisconsin Higher Educational Aids Board (HEAB) • Wisconsin Department of Public Instruction (DPI) • Wisconsin Educational Opportunity Programs (WEOP) • Great Lakes Higher Education Corporation (GLHEC) 2

Thank You to Our Sponsors PLATINUM Great Lakes Higher Education Corporation TCF Bank Wells Thank You to Our Sponsors PLATINUM Great Lakes Higher Education Corporation TCF Bank Wells Fargo GOLD Collegiate Funding Services M&I Bank US Bank SILVER Anchorbank Bank One Citibank Student Loans Edamerica Educaid, Wachovia Bank First Federal Capital Bank Key Education Resources 3

Today’s Agenda 8: 00 - 8: 30 – 9: 00 – 10: 15 – Today’s Agenda 8: 00 - 8: 30 – 9: 00 – 10: 15 – 10: 30 – 10: 45 - 11: 00 – 12: 00 Registration Welcome Review of Agenda and Packet Materials College Goal Sunday Financial Aid Fundamentals Break HEAB Update DPI Update Special Topics FAFSA Demonstration 4

Financial Aid Fundamentals 5 Financial Aid Fundamentals 5

Financing Your Education n What is goal of financial aid? n How is financial Financing Your Education n What is goal of financial aid? n How is financial need determined? n How do I apply? n What is the role of the financial aid office? n What aid is available? 6

Goal of Financial Aid • To assist students in paying for college. • To Goal of Financial Aid • To assist students in paying for college. • To provide opportunity and access to higher education. 7

Basic Principles of Financial Aid The family has primary responsibility for financing postsecondary education. Basic Principles of Financial Aid The family has primary responsibility for financing postsecondary education. Financial aid is the BRIDGE 8

Principles of Needs Analysis n To the extent they are able, parents have primary Principles of Needs Analysis n To the extent they are able, parents have primary responsibility to pay for their dependent children’s education. n Students also have a responsibility to contribute to their educational costs. n Families should be evaluated in their present financial condition. n A family’s ability to pay for educational costs must be evaluated in an equitable and consistent manner, recognizing that special circumstances can and do affect a family’s ability to pay. 9

Financial Aid Regulations • Are determined by federal and state statutes and legislators • Financial Aid Regulations • Are determined by federal and state statutes and legislators • Establish your eligibility for most types of aid • Apply to all schools 10

What Are the Costs? Tuition and Fees + Room and Board + Transportation + What Are the Costs? Tuition and Fees + Room and Board + Transportation + Books & Supplies + Miscellaneous Living Expenses = Cost of Attendance (COA) 11

Expected Family Contribution (EFC) (Federal Methodology established by U. S. Congress) Determined by filing Expected Family Contribution (EFC) (Federal Methodology established by U. S. Congress) Determined by filing the FAFSA. Free Application for Federal Student Aid 12

Main Determinants of the EFC • • • Income Assets Family size Number in Main Determinants of the EFC • • • Income Assets Family size Number in College Age of the older parent Adjustments to EFC may be made due to Verification and/or Special Circumstances that limit ability to pay 13

Expected Family Contribution (EFC) Is the sum of four separate calculations: n Contribution from Expected Family Contribution (EFC) Is the sum of four separate calculations: n Contribution from Parental Income n Contribution from Parental Assets n Contribution from Student Income n Contribution from Student Assets 14

Financial Need Defined Cost of Attendance (COA) – Expected Family Contribution (EFC) = Financial Financial Need Defined Cost of Attendance (COA) – Expected Family Contribution (EFC) = Financial Need 15

Middle Income Student Family Size Number in college Parent AGI Parent Untaxed Income Parent’s Middle Income Student Family Size Number in college Parent AGI Parent Untaxed Income Parent’s Assets Student’s AGI $ 4, 468 Student’s Assets Parent’s Contribution (Parent’s Contribution from Assets = $0) +Student’s Contribution (Student Income Contribution $756) (Student Contribution from Assets $350) =Expected Family Contribution: 4 1 $61, 980 $ 2, 900 $45, 000 $ 1, 000 $ 9, 325 $ 1, 106 $10, 431 (Note: 2005 -2006 FM formula used) 16

Financial Need Varies by School Cost 1 2 3 Cost $ 27, 394 $ Financial Need Varies by School Cost 1 2 3 Cost $ 27, 394 $ 17, 425 $ 12, 056 Less EFC $ 10, 431 Need $ 16, 963 X $ 6, 994 Y $ 1, 625 Z 17

Financial Need Varies By School Cost 18 Financial Need Varies By School Cost 18

You may be eligible for aid, but…. . YOU MUST APPLY TO FIND OUT! You may be eligible for aid, but…. . YOU MUST APPLY TO FIND OUT! And it’s free! File the FAFSA each year. 19

Application Process n Submit the Free Application for Federal n n Student Aid (FAFSA) Application Process n Submit the Free Application for Federal n n Student Aid (FAFSA) prior to your school’s deadline (paper or electronic) Submit any institutional application materials (if required by your school) Apply for PIN through Department of Education Attain admission status Make sure to meet all required deadlines! 20

Free Application for Federal Student Aid Collects family’s personal and financial information used to Free Application for Federal Student Aid Collects family’s personal and financial information used to calculate the student’s EFC May file the FAFSA in one of two ways: 1. FAFSA on the Web 2. Paper FAFSA 21

Paper vs. Electronic Filers Through Week 25 Since 2003 -04 – n Number of Paper vs. Electronic Filers Through Week 25 Since 2003 -04 – n Number of electronic filers has increased 40% n Number of paper filers has decreased by more than 60% 88% of 2005 -2006 FAFSAs are filed electronically! US Dept of Education Processing Update 22

What IS a PIN? www. pin. ed. gov n n Personal Identification Number Students What IS a PIN? www. pin. ed. gov n n Personal Identification Number Students and parents can get PINs Electronic signature for FAFSA on the Web PIN delivered by e-mail within 24 -36 hours n (by regular mail in 7 -10 days) n Can also be used for: n n Renewal on the Web Corrections on the Web National Student Loan Database Signing promissory notes for student/parent loans (Perkins, Stafford, PLUS) 23

The PIN Website Flyover help text Improved Home Page www. pin. ed. gov n The PIN Website Flyover help text Improved Home Page www. pin. ed. gov n Fly-over text describes menu items n Re-named “Change My Address” to “Update My Personal Information” n Re-ordered main menu options so those most frequently used are at the top and are in logical order 24

After you file the FAFSA • • • Results are sent electronically to the After you file the FAFSA • • • Results are sent electronically to the college(s) the student selected. Students & Parents will receive the results of their FAFSA by e-mail (or regular mail) - Student Aid Report (SAR). Students may be required to verify the information submitted on the FAFSA (submit tax forms). Contact the college with any Special Circumstances. After the student is admitted to a college, a financial aid package will be prepared. 25

CSS /PROFILE (used by some private schools) n Collects additional data colleges need n CSS /PROFILE (used by some private schools) n Collects additional data colleges need n Targets non-federal funds Financial need (ability to pay) vs. federal eligibility (EFC) n Supports Institutional Methodology (IM) as well as Federal Methodology (FM) n Supports early estimates/early admission n 26

Timelines n The earliest a student can file the FAFSA for the 2006 -2007 Timelines n The earliest a student can file the FAFSA for the 2006 -2007 academic year - January 1, 2006. n Check with the colleges at which the student plans to apply for institutional deadlines and requirements. n Failure to apply early may result in less aid even if eligible. n Students must re-apply for aid every year. Renewal notification is sent to students towards the end of each calendar year. 27

What is Financial Aid? n. Scholarships n. Grants n. Loans n. Employment opportunities 28 What is Financial Aid? n. Scholarships n. Grants n. Loans n. Employment opportunities 28

Three primary sources of funding: n US Department of Education n the federal agency Three primary sources of funding: n US Department of Education n the federal agency that provides college funding in the form of grants, scholarships and loans n States n most states have agencies that administer state scholarship and grant programs, college savings and prepaid tuition programs, and loans. (In WI it is HEAB, the Higher Educational Aids Board. ) n Colleges & Universities n schools may offer their own scholarship, grant, work-study and loan programs, with each college setting its requirements 29

Gift Aid (FREE $$$) Grants & Scholarships n Federal (Administered by schools) • • Gift Aid (FREE $$$) Grants & Scholarships n Federal (Administered by schools) • • Federal Pell Grant Federal Supplemental Educational Opportunity Grant (SEOG) n State (Administered by HEAB, DPI-WEOP & Schools) n Institutional (Endowment funds from Schools) n Private (Various outside organizations) 30

Self-Help Aid Loans (must be repaid with interest) Employment (must be earned as wages) Self-Help Aid Loans (must be repaid with interest) Employment (must be earned as wages) n Federal Perkins Loan n Federal Work-Study n Federal Stafford Loans (school n Institutional Work-Study determines the loan program) n Federal Family Education Loan (FFEL) Program n Programs William D. Ford Federal Direct Loan Program n Off Campus employment n Federal PLUS Loan (Parents) n State Loans n Institutional Loans n Private-Alternative Loans 31

Other Financing Options § School Payment Plans (spread over several months) § Home Equity Other Financing Options § School Payment Plans (spread over several months) § Home Equity Loans (longer repayment, tax deductible) § Life Insurance Policy Loans § Pension Plan Loans § 529 Plan withdrawals 32

Need versus Merit Aid n Aid based on financial need Most government grants n Need versus Merit Aid n Aid based on financial need Most government grants n Subsidized student loans n Federal Work-Study n Aid based on merit n Academic and athletic scholarships n Some government grants n Some scholarships require merit and need n 33

Government Resources n Corporation for National and Community Service n Veteran’s benefits n ROTC Government Resources n Corporation for National and Community Service n Veteran’s benefits n ROTC Scholarships and/or stipends n Bureau of Indian Affairs (BIA) Grants n State Divisions of Vocational Rehabilitation (DVR) n Health and Human Services Loan and Scholarship Programs 34

Other Sources of Funds n Parental Affiliations n Employers & Labor Unions n Religious Other Sources of Funds n Parental Affiliations n Employers & Labor Unions n Religious and Community Organizations n Clubs and Civic groups n Civic organization scholarships n High School n Local Public Library n Private business scholarships 35

FREE Scholarship Services 36 FREE Scholarship Services 36

Role of the Financial Aid Office n Answers your questions n Determines financial need Role of the Financial Aid Office n Answers your questions n Determines financial need eligibility for various types of financial n n aid Verifies applicant data when required Develops policy and procedures to distribute aid Packages aid from all available sources Sends award notification letters/e-mails with information on: n Costs n Amount awarded from each aid program n How and when aid will be disbursed n Terms and conditions of student’s award 37

How to Compare College Financial Aid Offers n Start with tuition, fees, room and How to Compare College Financial Aid Offers n Start with tuition, fees, room and board n Subtract grant and scholarship offers only n The difference is your “net cost” n Always compare net cost n Do not subtract Federal Work Study as a lump sum disbursement 38

Award Package Comparison School? 1. 2. 3. Cost of Attending? (Includes? ) $ $ Award Package Comparison School? 1. 2. 3. Cost of Attending? (Includes? ) $ $ $ Expected Family Contribution (EFC) from FAFSA/SAR? $ $ $ Need (Cost-EFC)? $ $ $ Gift Aid: Grants & Scholarships 1. $ Renewable? 2. $ Renewable? Work Sources $ $ $ Aid Package: Loans (Type and Interest rate): 1. ( %) $ $ $ 2. ( %) $ $ $ Unmet Need (Cost – EFC- Aid) 39

Sample Questions for the Financial Aid Office n 1) What is the average cost Sample Questions for the Financial Aid Office n 1) What is the average cost for the first year? Estimates for future n n n n n years? 2) Does applying for aid affect the admission decision? 3) What type of aid does the school have? Need-based or Merit? 4) What applications, besides the FAFSA, are needed to apply for aid? 5) What is the priority deadline date for all types of financial aid? 6) When will I be notified about a financial aid award? 7) How does the aid package normally change from year to year? 8) What are the conditions of the aid package? 9) Is there an opportunity to appeal if the package isn’t enough? 10) How does the College bill for tuition, fees, etc. ? 40

Role of the Business Office Calculates tuition, meals and other fees Sends billing statements Role of the Business Office Calculates tuition, meals and other fees Sends billing statements Credits financial aid to the student’s account Sets up payment plans, if available Processes student checks Returns financial aid funds that are unearned Collects payments for charges on student’s account n Sends out 1098 T for tax purposes n n n n 41

Questions? ? ? 42 Questions? ? ? 42

BREAK 10: 00 - 10: 15 am 43 BREAK 10: 00 - 10: 15 am 43

2005 High School Guidance Counselor Workshops State of Wisconsin Higher Educational Aids Board 2005 High School Guidance Counselor Workshops State of Wisconsin Higher Educational Aids Board

Financial Aid is a… …Shared Responsibility n Students n Parents n State and Federal Financial Aid is a… …Shared Responsibility n Students n Parents n State and Federal Governments n Private Sources 45

Goals of State Financial Aid n Eliminate financial barriers and ensure educational opportunity for Goals of State Financial Aid n Eliminate financial barriers and ensure educational opportunity for all Wisconsin citizens consistent with their individual abilities, interests, and ambitions. n Support educational diversity by allowing students freedom to choose among the various educational offerings. 46

Who May Receive State Aid? State financial aid is available to residents of the Who May Receive State Aid? State financial aid is available to residents of the State of Wisconsin enrolled at non-profit colleges and universities based in Wisconsin: n University of Wisconsin System n Wisconsin Technical Colleges n Independent Colleges & Universities n Tribal Colleges 47

Who May Not Receive State Aid? State statutes prohibit students from receiving state financial Who May Not Receive State Aid? State statutes prohibit students from receiving state financial aid who are: n n Not registered with Selective Service Listed on the Dept. of Workforce Development’s statewide Child Support Lien Docket. (Students on the Lien Docket may still receive state loans. ) 48

Applying for State Aid Free Application for Federal Student Aid n n HEAB receives Applying for State Aid Free Application for Federal Student Aid n n HEAB receives FAFSA data for all Wisconsin residents. The FAFSA is the only application for Wisconsin's 2 major grant programs: Wisconsin Higher Education Grant (UW, Technical Colleges, Tribal Colleges) n Wisconsin Tuition Grant (Independent Colleges & Universities) n 49

State Financial Aid Programs for Students with Financial Need Student must file the Free State Financial Aid Programs for Students with Financial Need Student must file the 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 - Do not require the FAFSA Academic Excellence Scholarship Minnesota-Wisconsin Tuition Reciprocity Program Minority Teacher Loan Teacher of the Visually Impaired Loan 50

Academic Excellence Scholarship (AES) n n n Awarded to Wisconsin’s top high school seniors Academic Excellence Scholarship (AES) n n n Awarded to Wisconsin’s top high school seniors who are residents of Wisconsin, and are US citizens or permanent US residents. Earned by the high school senior with the highest cumulative grade point average in the class at the end of the fall semester of senior year. Up to $2250 per year, for up to four years, toward tuition at participating Wisconsin colleges or universities. HEAB notifies the college of the student’s AES award, and the college and HEAB jointly disburse the money and apply it directly to the tuition. Certificates are sent to the high schools for your AES winners. 51

Academic Excellence Scholarship (cont’d) n n The number of Academic Excellence Scholarships that may Academic Excellence Scholarship (cont’d) n n The number of Academic Excellence Scholarships that may be awarded per school is based on student enrollment, as shown in the following table: 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 HEAB determines the number of scholarships for each school based on Department of Public Instruction fall enrollment reports. 52

AES High School Timeline JANUARY - High schools receive forms, instructions, notification of number AES High School Timeline JANUARY - High schools receive forms, instructions, notification of number of scholarships available for individual schools (based on school enrollment), and a copy of the State of Wisconsin Statutes and Rules which pertain to the AES. FEBRUARY 15 - deadline for high school guidance counselors to submit Academic Excellence Scholar names to HEAB. 53

AES High School Timeline (cont’d) MARCH Students who have earned the Academic Excellence Scholarship AES High School Timeline (cont’d) MARCH Students who have earned the Academic Excellence Scholarship 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. 54

AES Tips for Guidance Counselors Ø The scholarship recipient(s) you list should be the AES Tips for Guidance Counselors Ø The scholarship recipient(s) you list should be the student(s) with the highest cumulative GPAs at the end of the fall semester of senior year, regardless of whether or not they plan to accept the Academic Excellence Scholarship. Ø Your districts are required to have a tie-breaking strategy in place in the event that more than one student shares the highest cumulative GPA. Ø If you have an un-weighted, or traditional, grading system, alternates for the AES must have the very same GPA as the winner of the AES. Ø 55

AES Tips (cont’d) Ø If you have a weighted grading system, alternates are listed AES Tips (cont’d) Ø If you have a weighted grading system, alternates are listed in order of the next highest GPAs. Ø The cumulative GPA for each student should be reported exactly as it is shown on your official high school transcript. Ø If possible, student names should be written exactly as the student wishes it to appear on the certificate. Ø Schools are encouraged to alert all recipients and alternates of their AES status as early as possible. 56

Receiving State Financial Aid n HEAB notifies the college or university financial aid offices Receiving State Financial Aid n HEAB notifies the college or university financial aid offices of each student’s eligibility for state financial aid. n The financial aid offices include the state aid in the student’s financial aid package. 57

Contacting HEAB State of Wisconsin Higher Educational Aids Board P. O. Box 7885 Madison, 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: [email protected] state. wi. us Web Page: http: //heab. wisconsin. gov 58

Questions? Comments? 59 Questions? Comments? 59

Department of Public Instruction Wisconsin Educational Opportunity Programs (WEOP) 60 Department of Public Instruction Wisconsin Educational Opportunity Programs (WEOP) 60

WEOP Offices n 620 Beaser Avenue Ashland, WI 54806 (715)682 -7975 § 204 E. WEOP Offices n 620 Beaser Avenue Ashland, WI 54806 (715)682 -7975 § 204 E. Grand Avenue 5 th Floor Eau Claire, WI 54701 (715)836 -3171 § 2140 Holmgren Way Green Bay, WI 54304 (920)492 -5745 § § 125 South. Webster Street Room 309 PO Box 7841 Madison, WI 53707 -7841 (608)267 -1058 § 2113 N. Wisconsin Racine, WI 53402 (262)638 -7370 § 133 River Drive Wausau, WI 54403 (715)842 -0871 101 W. Pleasant Street Suite 204 Milwaukee, WI 53212 (414)227 -4466 61

What is WEOP? WEOP’s purpose is to help educationally and economically disadvantaged students continue What is WEOP? WEOP’s purpose is to help educationally and economically disadvantaged students continue their education through select statewide programs. 62

WEOP Programs n State and Federal Talent Search Programs n Early Identification Program (EIP) WEOP Programs n State and Federal Talent Search Programs n Early Identification Program (EIP) n Federal GEAR UP Program (GU) n Federal Upward Bound Program (UB) n Pre. College Scholarship Program n Talent Incentive Grant Program (TIP) 63

State Talent Search Program n Individual advising regarding financial aid, n n n admissions State Talent Search Program n Individual advising regarding financial aid, n n n admissions and careers. Assist with the college 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. 64

EIP, FTS, UB, GU Guidelines n Grades 6 -12 n Programs are provided to: EIP, FTS, UB, GU Guidelines n Grades 6 -12 n Programs are provided to: Targeted School Districts n Students who meet federal income guidelines n Programs emphasize: n Academic Achievement n Tutoring n Mentoring n Parent Involvement n College Visits n Early Awareness n 65

 GEAR UP Scholarship Eligible participants: • Are GEAR UP, EIP or Federal Trio GEAR UP Scholarship Eligible participants: • Are GEAR UP, EIP or Federal Trio students who are eligible for the TIP grant. • Must be nominated by a WEOP Counselor. • Must attend a public, private, or technical college in Wisconsin. • Can receive this renewable scholarship for 10 consecutive semesters of attendance. 66

Pre-College Scholarship Program n Available to Wisconsin students grades 6 -12. n Must be Pre-College Scholarship Program n Available to Wisconsin students grades 6 -12. n Must be eligible for free or reduced lunch. n Must have a 2. 0 or better GPA to receive a scholarship. n Covers tuition, books, supplies, room and board. n Application must be signed by guidance counselor, teacher, principal or WEOP counselor and a parent or legal guardian. 67

Talent Incentive Program (TIP) n TIP Grant Purpose: Assist low-income students with limited financial Talent Incentive Program (TIP) n TIP Grant Purpose: Assist low-income students with limited financial resources. 68

Benefits of the TIP Grant n Grant ranges from $600 -$1800 per year. n Benefits of the TIP Grant n Grant ranges from $600 -$1800 per year. n Automatically renewable if student applies for financial aid and is continuously enrolled at least half time. n Available for 10 consecutive semesters. 69

TIP Guidelines n Must be a WI resident. n Attend a WI technical, public TIP Guidelines n Must be a WI resident. n Attend a WI technical, public or private college/university. n 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. ) n Must meet the following criteria: 70

TIP Criteria n A student must meet one criteria from Group A and one TIP Criteria n A student must meet one criteria from Group A and one from Group B. n Group A is based on financial need. n Group B is based on other factors. n The criteria is based on dependent or independent status for financial aid purposes. 71

Group A Dependent Student 1. Parent contribution at or below $200. 2. Family receives Group A Dependent Student 1. Parent contribution at or below $200. 2. Family receives TANF benefits. 3. Parents unemployed and have no current income from employment. 72

Group A Independent Student 1. A student contribution at or below $200. 2. A Group A Independent Student 1. A student contribution at or below $200. 2. A student receives TANF benefits. 3. A student is unemployed and receives no income from employment. 73

Group B n n n A student must meet one of these criteria: Be Group B n n n A student must meet one of these criteria: Be a member of a minority group. Be enrolled in a special academic support program at college. Be first generation (neither parent graduated from a 4 -year college). Is disabled. Be formerly incarcerated. Have special family circumstances that may deter the student from pursuing a post-secondary education. 74

Required Documentation College Letter of Acceptance or Class Schedule n Student Aid Report (SAR) Required Documentation College Letter of Acceptance or Class Schedule n Student Aid Report (SAR) n Student and Parent prior year tax forms (if filed) n Verification of untaxed income n Financial Aid Award Letter n 75

 How to apply? n Contact your nearest WEOP office 76 How to apply? n Contact your nearest WEOP office 76

Thanks! Questions or Comments… 77 Thanks! Questions or Comments… 77

Special Topics in Financial Aid n Scholarship Scams n FAFSA Scams n Federal Methodology Special Topics in Financial Aid n Scholarship Scams n FAFSA Scams n Federal Methodology n Special Circumstances n Processing n Tool Kit n Demonstration 78

College Scholarship Fraud n Scams net $5 million annually n 350, 000 students/parents affected College Scholarship Fraud n Scams net $5 million annually n 350, 000 students/parents affected n Selling what you can get for free n Never pay to find a scholarship! n Never pay a scholarship provider to apply! 79

Scholarship Scam Warning Signs n “A list of scholarships is guaranteed” n “I just Scholarship Scam Warning Signs n “A list of scholarships is guaranteed” n “I just need your credit card number” n “Please enclose a $5 processing fee” n “You’ve been selected” by a group you never heard of n “You’re a finalist” in a contest you never entered 80

FTC Consumer Alert: the FREE Financial Aid Seminar n Direct mail marketing to parents FTC Consumer Alert: the FREE Financial Aid Seminar n Direct mail marketing to parents n Scare tactics n Exaggerated claims n Phony guarantees n High-pressure sales pitches 81

Avoid Being Scammed n For information about financial aid scams and tips to avoid Avoid Being Scammed n For information about financial aid scams and tips to avoid being scammed check: n Department of Education’s web site at: http: //studentaid. ed. gov/students/publications/lsa/index. html Federal Trade Commission’s web site at: www. ftc. gov/bcp/conline/publs/alerts/ouchart. htm n To check the legitimacy of scholarship search organizations or individuals check Better Business Bureau’s web site at: http: //www. bbb. com/ n 82

CAUTION! n Avoid being charged a fee to file the FAFSA n n n CAUTION! n Avoid being charged a fee to file the FAFSA n n n Processes of completing and processing the FAFSA are FREE If filing FAFSA on the Web, make sure you go directly to: www. fafsa. ed. gov (not www. fafsa. com) Contact the financial aid office if you need help in completing the FAFSA 83

Special Circumstances? Call the Financial Aid Office n Divorce/Separation n Loss of income or Special Circumstances? Call the Financial Aid Office n Divorce/Separation n Loss of income or benefits n One-time income n Death or Disability of student or parent n Medical/Dental expenses not covered by insurance n Elementary or secondary school tuition n Dependency override (Note: Professional Judgement is at the sole discretion of each institution. ) 84

Professional Judgment by Financial Aid Administrators § Overrides are determined by each institution on Professional Judgment by Financial Aid Administrators § Overrides are determined by each institution on a case by case basis. § Another institution cannot automatically accept an ‘override’. § The override must recognize the unique situation of the student and must be documented. 85

For Federal Methodology (FM) Who is a Parent? • Two biological parents married to For Federal Methodology (FM) Who is a Parent? • Two biological parents married to each other • Divorced or separated parents • Stepparent • Widowed parent • Legal adoptive parent 86

Divorced/Separated Issues n FAFSA is to be completed by parent with whom the student Divorced/Separated Issues n FAFSA is to be completed by parent with whom the student is living. n If parent has remarried, stepparent information must be included on the FAFSA. n Some higher cost schools will ask for a Divorced/Separated Supplement to be completed on other parent to determine eligibility for college programs. 87

Independent Student Definition n n n n At least 24 years old; Graduate or Independent Student Definition n n n n At least 24 years old; Graduate or professional student; Married; Has child for whom student provides more than half support; Has dependent other than child or spouse who lives with student and for whom provides more than half support; Orphan or ward of the court; Veteran of the U. S. Armed Forces; or Determined to be independent by the financial aid administrator (Parents refusal to provide support or financial data is insufficient to make a student independent regardless of tax filing status) 88

FINANCIAL AID PROCESSING UPDATE Application Volumes: 2004 -05 and 200506 Processing Statistics n 8, FINANCIAL AID PROCESSING UPDATE Application Volumes: 2004 -05 and 200506 Processing Statistics n 8, 155, 436 2004 -05 FAFSAs processed as of June 19, 2004 n 8, 354, 842 2005 -06 FAFSAs processed as of June 19, 2005 That’s a 2. 5% increase! US Dept of Education Processing Update 89

FAFSA on the Web and Renewal FAFSA on the Web n Section 1 of FAFSA on the Web and Renewal FAFSA on the Web n Section 1 of FAFSA on the Web Home Page n Link to State Deadlines added back n School code search link added back n New printable checklist of items needed to complete application n The Application n Option to apply for a PIN within the application presented only if applicant does not electronically sign at beginning of the session 90

FAFSA on the Web and Renewal FAFSA on the Web n When applicants encounter FAFSA on the Web and Renewal FAFSA on the Web n When applicants encounter a verifiable reject condition, they cannot click “okay. ” They must either: n Correct the data, or n If data is correct, re-enter the data in a pop-up box n Improved instructions for “Process my application now without signatures” at the end of the application to: n Improve applicants’ understanding of what they need to do next to complete signature process n Ensure applicants successfully transmit application data 91

FAFSA on the Web and Renewal FAFSA on the Web n Parents with multiple FAFSA on the Web and Renewal FAFSA on the Web n Parents with multiple children in college can continue to transfer information to additional applications • In 2006 -07, link on confirmation page to “Begin a new application with parent data already filled in? ” will display only for - • Dependent students • Independent students who provided parent data on the application 92

E-Mail Correspondence n When e-mails with links to SAR information on the Web are E-Mail Correspondence n When e-mails with links to SAR information on the Web are returned as undeliverable, a paper SAR or SAR Acknowledgement will be generated and mailed to student n Spanish e-mail notifications will be sent to students and parents who submitted Spanish-language applications and provided valid e-mail addresses n Paper SARs will be printed on blue paper for 2006 -2007 93

FAFSA on the Web: www. fafsa. ed. gov Advantages to Applying Online: n Complete FAFSA on the Web: www. fafsa. ed. gov Advantages to Applying Online: n Complete and send FAFSA on the internet directly to n n n n n federal processor Saves 7 -21 days compared to paper FAFSA Access from anywhere Automatically edits data as you enter it and detects errors before submission Skip logic: asks only what you must answer English or Spanish versions Electronic Signature E-mail notification of results Detailed online help screens Real-time online chat for immediate answers Instant access to EFC estimate 94

FAFSA on the Web n Apply n Renewal n English and Spanish n n FAFSA on the Web n Apply n Renewal n English and Spanish n n options Access PIN Web site Check status of application View SAR information Make corrections www. fafsa. ed. gov 95

There is always the 2006 -07 Paper FAFSA n 2006 -07 FAFSA n n There is always the 2006 -07 Paper FAFSA n 2006 -07 FAFSA n n § § § Blue for Students Purple for Parents FAFSA will include – Return receipt postcard – Insert No new questions Questions follow same order as last year 96

FAFSA on the Web Worksheet n ED Seal added for more “official” look n FAFSA on the Web Worksheet n ED Seal added for more “official” look n Paper FAFSA question “numbers” added n Reformatted for ease of use 97

Student Aid Communications n FAFSA on the Web n Student Aid Report (SAR) n Student Aid Communications n FAFSA on the Web n Student Aid Report (SAR) n E-mail Notifications n Paper FAFSA 98

FAFSA on the Web Toolkits Mailed in October to -Toolkits will include – n FAFSA on the Web Toolkits Mailed in October to -Toolkits will include – n Postsecondary schools n FOTW Brochure n High schools n PIN Brochure n State agencies n Poster n Libraries n Tips Card n PTAs n Web-Link Graphics Flyer n TRIO Centers n FAA Access Flyer n Gear Up n NCAN 99

Frequent FAFSA Errors n n n Missing Signatures/PIN Wrong Social Security Number Divorced/remarried parent Frequent FAFSA Errors n n n Missing Signatures/PIN Wrong Social Security Number Divorced/remarried parent information Income earned by parents/stepparents Untaxed income U. S. income taxes paid Household size Number in postsecondary education Real estate and investment net worth Not using real name NOT APPLYING AT ALL 100

Web Demonstration Site n FAFSA on the Web and FAA Access demonstration sites will Web Demonstration Site n FAFSA on the Web and FAA Access demonstration sites will be available later this year n To access sites, go to http: //fafsademo. test. ed. gov n Enter: n User Name: eddemo n Password: fafsatest n Click on FOTW or FAA Access buttons at bottom of screen to access demo site n Available until following December 101

FAFSA Demonstration At this time we will log into the FAFSA demo website to FAFSA Demonstration At this time we will log into the FAFSA demo website to complete an application. 102

Questions? Comments? How can we help you? What challenges do you have? Do you Questions? Comments? How can we help you? What challenges do you have? Do you need assistance with your financial aid night? 103

THANK YOU ALL FOR ATTENDING!!! Please complete the evaluation. 104 THANK YOU ALL FOR ATTENDING!!! Please complete the evaluation. 104