2015 FAFSA HOW-TO SHEET Step to Complete 1. CREATE a pin number- one for the student and a pin for one parent. 2. START the FAFSA (It opens January 1st every year. Do it early. Funds are awarded first come, first served. 3. TROUBLE answering a question on the FAFSA? 4. Be very careful entering your name, date of birth, and social security number. 5. If you are male between 18 and 25 years old, register for Selective Service on the FAFSA! 6. INDICATE APPROPRIATE High School completion status. 7. What GRADE LEVEL will I be in 201516? 8. What DEGREE am I pursuing? 9. Am I interested in WORK STUDY? 10. Entering your HIGH SCHOOL 11. SELECT all of the schools you plan to apply to within the next school year. 12. WHERE AM I LIVING NEXT YEAR? Notes, Links & Information www.pin.ed.gov www.fafsa.gov. Your parent(s) should try to complete their income taxes before doing the FAFSA but if income taxes are not done, parents can still complete their form temporarily using estimated tax figures. You must go into the FAFSA and make corrections soon after taxes are filed if you use estimates. Look at the Help & Hints bar on the right side of the FAFSA form. If you click a box, it will give you information on how to complete that specific step. STILL STUMPED? If you need further assistance, click the Contact Us icon, then Chat with a Live Agent icon. This will appear in the icon bar within the FAFSA form on every page. An error in either your name, date of birth, or social security number can lead to long & significant delays in processing your FAFSA & Financial Aid awards at the colleges! In order to be eligible for financial aid from the government, men between ages 1825 must register for Selective Service. On the FAFSA, if the applicant fits the criteria for Selective Service, they can check a box indicating they want to be signed up. You may also register at www.sss.gov. Even if you register here, it never hurts to register on the FAFS A as well! If you obtained a High School diploma, note it! If you received a GED, make sure you indicate this on your FAFSA. One way is not better than the other but it does matter if you mark the right one or not! In the student demographics section, it will ask what grade level the student will be next year. HS seniors (even Running start or with college credits) will select ‘never attended college/1st year’. Returning Students- it is based on credit status- not the actual number of years in school. If you are going to a university, it will usually be “1st bachelors’ degree” for HS seniors. If you are stating at a community or technical college, it is important to know the type of program you are entering (technical, certificate, transfer degree, etc.) to select the right option. This choice can affect the amount of financial aid you will qualify for. In the student demographics section, you will be asked if you are interested in being considered for Work Study, a type of financial aid you do not pay back after school! You must say YES and indicate you are interested to be considered! Just a note that the names entered on the FAFSA are specific- meaning they may not be what the school is commonly referred to. In the event you type in a school it does not recognize, if you include city/state, it will pull up all schools in the area for you to make a selection from. You can list up to 10 schools on the FAFSA. You are not committing to each schooljust getting in line with their Financial Aid departments. Each school has a school code for faster entry- TCC’s is 003796. (hint: you should apply to colleges before adding them to the FAFSA to avoid lengthy delays in your college admissions!) On the FAFSA, for each college you select, you must list your planned living arrangement (on-campus, off-campus, or with parent). Not all colleges have all living options for their campus (i.e. TCC & most 2-years do not have on-campus housing). 1 13. DEPENDENCY STATUSDo I have to put my parent’s tax information in? 14. Were you found to be an INDEPENDENT STUDENT? 15. My parents are DIVORCED. Which one do I claim on my FAFSA? 16. HOUSEHOLD SIZE 17. TAX STATUS 18. To input tax information using the IRS DATA RETRIEVAL TOOL 19. If I don’t file taxes/ get other income, WHERE DO I REPORT IT? 20. When there is no monetary value for an item in the Financial Information Section, enter a zero (0). DO NOT LEAVE AN ITEM BLANK! 21. The STUDENT must sign the FAFSA 22. ONE parent must sign the FAFSA 23. Print a copy of the CONFIRMATION PAGE at the end! 24. Check your email FREQUENTLY! You will be asked a series of questions in the FAFSA regarding age, if you have dependents/children, were you in foster care/emancipated, etc. At the end of these questions, the FAFSA will then declare you independent (you do not have to list your parental tax information) or dependent (you do have to report your parental tax information). Generally, students under age 25 who are not married, not parents, and live at home will have to report their parent’s tax information. Born before January 1st, 1992? You’re independent. If you were deemed independent after answering the series of questions in the FAFSA, the colleges/universities you apply to will ask you to verify your situation (homelessness, no contact with parents, etc.). Be prepared to have documentation of what qualifies you for the independent student status. If your parents are divorced, you will only have to provide the information about the parent you lived with the majority of the past year. If you lived with both parents for an equal amount of time last year, provide information about the parent who provided the most financial support to you. If that parent has remarried, you report your parent’s status as “married” on the FAFSA and enter tax information for your parent and your step parent. When completing items about household size, read instructions carefully. Do not include parents in the number of students that will be in the household when filling out the child’s FAFSA- it is no longer allowed (parents can claim themselves as students on their own FAFSA still). Just a reminder AFTER DEPENDENCY questions, you will be asked for tax information for both student and parent(s). Select WILL FILE if you/your parents have not done taxes yet; select ALREADY COMPLETED if taxes are completed; if you/your parent(s) do not file taxes, select NOT GOING TO FILE. To use this tool, click the link to IRS icon. You must enter the requested information exactly as it appeared on your taxes. It helps to have a copy of your taxes with you to use this tool. Also, using the IRS data tool cuts down the amount of time the college needs to verify the information supplied on your FAFSA- meaning less time for you to wait AND for the financial aid department to process YOUR award! There will be sections for non-taxed items as well as resources/investments after the tax portion. Blank responses can delay your application because the processor can assume you overlooked the item. This includes parental assets, a section commonly left blank causing major delays. Sign electronically using the 4-digit pin number you created in STEP 1. The quickest way to submit a signature as a parent is using the 4-digit pin number created for the parent in STEP 1. If a parent cannot create a pin number for some reason OR does not have a Social Security Number, you can select other options under the parent signature box and PRINT A SIGNATURE PAGE. (NOTE: this option takes much longer to process, meaning it will not be date stamped until the signature page is received and processed). This page holds information on next steps and estimates regarding family contribution and financial aid you may qualify for. You must wait to hear from your schools to see what your actual financial aid award will be. If you make a mistake on the FAFSA or they need further information they will 2 25. The FAFSA is JUST ONE STEP in a College’s Financial Aid PROCESS. 26. Know your colleges’ FINANCIAL AID DEADLINES 27. If you have SPECIAL FAMILY CIRCUMSTANCES that you cannot explain on the FAFSA… 28. MAKE ANY REQUESTED CORRECTIONS! contact you by email. Be proactive- it is your responsibility as a student to make sure the form is complete! Most schools want the FAFSA complete but you also have OTHER FORMS and information you need to submit. At TCC, you can stay on top of your financial aid file by using your Financial Aid Portal inside your TCC Student Portal (myTCC). TCC’s mandatory additional form is called the Financial Aid Data Sheet. Look for it on the Student Portal under the ‘Money & Jobs’ tab in the ‘Financial Aid Forms’ section. Some schools have multiple deadlines (priority, early consideration, etc.). When this is the case, go with the earliest possible! This is usually the best option! Any school with a Financial Aid deadline (which is most) need you to meet that deadline set in order to make sure your financial aid is there the first day of school (and that you have a good selection of aid). For many colleges, these deadlines are winter and spring for the following Fall term. PLAN AHEAD! For some situations, colleges and university may (but are not required or sometimes able) to review your circumstances and adjust your financial aid package. Consult your college’s financial aid departments early for these types of options and if they are available. Usually within one week of submitting your FAFSA, you will receive your Student Aid Report (SAR) via email. This email will also tell you if you need to make corrections. If you have corrections to make, make them at www.fafsa.gov. 29. APPLY FOR SCHOLARSHIPS! Financial aid is made up of MANY types of awards. The FAFSA gives you access to a lot of money just by doing the form but it is also required for many scholarships you apply for (which you apply for separately). Even if you do the FAFSA, apply for scholarships - these could replace costly loans you have to pay back if offered. To apply for TCC Foundation Scholarships, visit www.tacomacc.edu/scholarships. Get more help from experts at these upcoming events! TCC’s Ways2Pay4College Expert sessions for students and parents on: demystifying financial aid process, finding scholarships, writing a personal statement, more FAFSA/WASFA help, free tax prep help, and more! Enter to win $50 TCC bookstore gift certificate. Info at: www.tacomacc.edu/ways2pay Wednesday, January 28th Thursday, February 5th Friday, February 13th 3-7pm 9am-1pm 9:30am-1pm TCC Main Campus, Building 7 TCC Main Campus, Building 7 Gig Harbor Campus TCC FAFSA & Scholarship Workshop Series Visit our Parents/Families page for information on upcoming workshops hosted on the TCC campus, with the help of our CASA/MECA (TRiO) programs! www.tacomacc.edu/parents/events Get on InsideTCC! Connect on InsideTCC and receive personalized email updates on key admissions info, deadlines and tips to keep you ahead of the game. Student sign up: http://insidetcc.tacomacc.edu Parent sign up: www.tacomacc.edu/parents/parenttrack 3