Financial Aid, Admissions & Records A Presentation of Practices & Procedures November 4, 2014 Financial Aid Nuts and Bolts By: Delores Lee & Adrienne Jones Higher Education Act of 1965 The Higher Education Act of 1965 (Pub. L. No. 89-329) (HEA) was legislation signed into United States law on November 8, 1965 as part of President Lyndon Johnson’s Great Society domestic agenda. The Higher Education Act of 1965 was reauthorized in 1968, 1971, 1972, 1976, 1980, 1986, 1992, 1998, and 2008. Current authorization for the programs in the Higher Education Act expires at the end of 2013. Before each reauthorization, Congress amends additional programs, changes the language and policies of existing programs, or makes other changes. Higher Education Act of 1965 The law was intended “to strengthen the educational resources of our colleges and universities and to provide financial assistance for students in postsecondary and higher education.” It increased federal money given to universities, created scholarships, gave low-interest loans for students, and established a National Teachers Corps. The "financial assistance for students" is covered in Title IV of the HEA. How to Apply for Financial Aid Step 1: Complete an online Free Application for Federal Student Aid (FAFSA) Submit only one application. Apply for a Personal Identification Number (PIN) at www.pin.ed.gov to electronically sign the FAFSA (student and parent) List CSUDH’s institutional code: 001141 in the Federal School Code field on the FAFSA so that we can receive the application electronically Review the application carefully to make sure all answers are completed and are accurate. If students or parents have questions or are unsure on how to complete the application they may contact or visit the Financial Aid Office for assistance. How to Apply for Financial Aid Step 2: Notifications Step 2: Notifications The Federal Processor will notify students once their FAFSA has been submitted and provide them with a Student Aid Report (SAR). Student should review the SAR for accuracy and make the necessary corrections immediately. CSUDH will send students an acknowledgement letter once we receive their FAFSA If students completed a Cal Grant GPA Verification Form in addition to their FAFSA by the March 2 deadline they will be notified by the California Student Aid Commission (CSAC) if there were selected to receive a Cal Grant. They will be sent a California Aid Report (CAR) and must follow the printed instructions. How to Apply for Financial Aid Step 2: Notifications Students are randomly selected by the Federal Government for a verification process. In this event our office will send students an email notification and direct them to their MyCSUDH Student Center to view their To Do List. – Students selected for this process must submit documents to verify information reported on their FAFSA. – Students are notified through their campus email account with a document submission deadline – Typical documents requested Tax Transcript Proof of citizenship or residency status Verification Form How to Apply for Financial Aid Step 3: Financial Aid Award If students are eligible, they will receive an email notification to check their financial aid award on the Student Center at MyCSUDH Students will also receive a Financial Aid Award Guide which contains pertinent information about the different financial aid awards as well as explains their rights and responsibilities as a financial aid recipient. How to Apply for Financial Aid Step 3: Financial Aid Award Students must accept or decline their financial aid online on the Student Center at My.CSUDH within 15 days to avoid cancellation of their awards. How to Apply for Financial Aid Top 5 Common Mistakes to Avoid Listing the incorrect social security number, name or date of birth Incorrectly reporting income information Reporting incorrect marital status Leaving questions blank Missing parent’s and/or student’s signature How to Apply for Financial Aid To be eligible for federal financial aid, students must: Be a U.S. citizen of eligible non-citizen Be registered with Selective Service (if required) Be admitted to the University seeking a degree, certificate of credential Not owe a refund on a Federal grant or be in default on a Federal educational loan Be making Satisfactory Academic Progress (SAP) Be enrolled at least half time (6 units undergraduate/credential: 4 units master’s) No be convicted of any illegal drug offense or be incarcerated How to Apply for Financial Aid Students are not eligible for financial aid is he or she: Holds an “F” or “J” visa Holds an I-688A, I688B or I-797 visa Is admitted to the University as unclassified Is enrolled through Open University California Dream/AB540 Students The California Dream Act of 2011 allows students who meet AB540 criteria to apply for and receive certain state and institutional financial assistance programs. What are the AB540 requirements? Attend a high school (public or private) in California for three or more years. California Dream/AB540 Students Graduate from a California high school or attained the equivalent prior to the start of the term (for example: passed the GED or California High School Proficiency exam) File an AB540 Affidavit (California Non-Resident Tuition Exemption Request form) which indicates that the student has filed an application to legalize their immigration status or will file an application as soon as they are able to do so. The affidavit must be submitted to the Admissions & Records Office California Dream/AB540 Students Students will not be able to complete the FAFSA and will need to complete the online Dream Application at https://dream.csac.ca.gov The Cal Grant GPA verification form is still required, in addition to the Dream application, for Cal Grant consideration Not all students who complete a Dream application will be eligible for a financial aid award Types of Financial Aid Financial aid consists of federal, state and private funds intended to assist students and their families pay for school related expenses taken from the FAFSA or Dream application. Scholarships – free money based on merit. Applying for scholarships require different applications and may have different deadlines and requirements. Read all scholarship applications carefully. Scholarship information is available on our website at: www.csudh.edu/scholarships Grants – federal or state funds awarded based on need and do not require repayment Types of Financial Aid Federal Grants (using FAFSA) – Federal Pell Grant (limited to up to 6 years of full time enrollment) – Federal Supplemental Educational Opportunity Grant (FSEOG) – Iraq and Afghanistan Service Grant Types of Financial Aid State Grants (using FAFSA or CA Dream Application) Cal Grant (A &B) – students must submit the Cal Grant GPA verification form Chafee Grant Middle Class Scholarship (MCS) Types of Financial Aid Institutional Grants (using FAFSA or CA Dream Application) State University Grant (SUG) Undergraduate students cannot have accumulated more than 150 semester units; Undergraduate transfer students cannot have accumulated more than 75 semester units at the CSU; Credential students cannot accumulate more than 30 units. Please note: Advanced Placement, International Baccalaureate, Military credit and Prebaccalaureate credit and credit by examination will not count against the new SUG limits. Masters students cannot accumulate more than 125% of the required units according to their published program length. Students pursuing a certificate, second Bachelor’s, second Credential or second Master’s degree are not SUG eligible; regardless of where they received their previous degree(s). Types of Financial Aid Institutional Grants (using FAFSA or CA Dream Application) EOP Grant - Educational Opportunity Program grants are awarded to students who have been admitted to the University through the Educational Opportunity Program. Students must demonstrate financial need to qualify for this grant. Grants range from $400 - $800 depending on financial need and the availability of funding. Types of Financial Aid Work-study – federal funds provided for employing students who qualify for financial aid Student Loans– borrowed money that must be repaid Federal Perkins Loan Federal Direct Loans (subsidized, unsubsidized, Graduate PLUS) Federal Direct Parent Loan (PLUS) Special Circumstances Students may notify to the Financial Aid Office if there are any changes to the information they initially reported on their FAFSA. The student may be asked to submit documentation to re-evaluate their file based on their current status If a student is unable to provide parent information on the FAFSA they should speak with a representative in the Financial Aid Office to discuss their options for completing the FAFSA Special Circumstances Examples of special circumstances: Death of a parent Parent/student loss of employment Parents divorce/separation Student estrangement from parents Homeless students Other: students with unique situations should contact the Financial Aid Office for guidance Questions?? Office Hours Welch Hall B-250 Phone: 310)243-3691 Fax: 310)516-4498 www.csudh.edu/financialaid Email: finaid@csudh.edu Hours – Normal hours Monday-Thursday 8:00 a.m. – 6:00 p.m. Friday 8:00 a.m. – 2:00 p.m. – First Saturday of each semester 8:30 a.m. – 1:00 p.m. Extended office hours are offered at the beginning of each semester Admissions, Records, & Financial Aid A Presentation of Practices & Procedures November 4, 2014 Satisfactory Academic Progress (SAP) By: Frank Colon Satisfactory Academic Progress What is Satisfactory Academic Progress Minimum CSUDH GPA Unit Completion Unit Cap Financial Aid Warning SAP Appeals Financial Aid Limitations – Loans – Grants Satisfactory Academic Progress CSUDH is required by federal law to establish, publish and apply reasonable standards for measuring whether a student is maintaining Satisfactory Academic Progress (SAP) toward a degree objective and to ensure progress toward the degree for all periods of enrollment, whether or not a student has received financial aid. These standards are applicable to all financial aid recipients at CSUDH and affect eligibility for all federal and state aid, including grants, student loans and work study. Degree Objective Minimum CSUDH GPA Doctoral, Masters: 3.0 Credential: 2.5 Undergraduates: Junior/Senior (60+ units): 2.0 Sophomore (30-59 units): 1.8 Freshmen (0-29 units): 1.5 If the CSUDH grade point average falls below the required minimum level, a student will lose their financial aid eligibility. Unit Completion Students must complete at least 75% of the units attempted with a passing grade of A, B, C, D, I, CR, or RP (report in progress). For example, a student who enrolls in 12 units for a semester must complete at least 9 units to maintain financial aid eligibility. Non-passing grades of F, IC, NC, W, WU, RD and AU will lower a student's completion rate. If a student completes fewer than 50% of their attempted units with passing grades in an academic semester, they will lose financial aid eligibility. Unit Cap Students must complete their program within 150% of their program's required units. For example, a student in a 120 unit program must receive his/her degree within 180 units. All graded coursework will be counted, including transfer units, repeats, and withdrawals. Up to 30 remedial units may be excluded. Courses with grades of RD (report delayed) or RP (report in progress) will be considered as completed units until a final grade is determined. If a student fails to complete their program within 180 units, they will lose financial aid eligibility. Financial Aid Warning Students will be placed on warning status (can receive aid) at the end of the semester if any of the following applies: Completion rate of attempted units with passing grades falls between 50% and 74% If student is placed on warning status for two consecutive semesters, they will lose their financial aid eligibility. SAP Appeals Students who become disqualified from receiving financial aid will be notified on their CSUDH e-mail account and will be provided instructions on the financial aid appeal process. Appeals will be evaluated based on the student's extenuating circumstances. If a students appeal is approved they may be placed on a Financial Aid Academic Plan for a semester where they will be required to meet certain terms (i.e.- complete all units, raise CSUDH GPA, complete their degree). Students are notified regarding their appeal decision through their Toro Mail email account. Financial Aid Limitations Umm…so, what does this mean? Students will need to stay on track academically to complete their degree on time. If a student takes longer than 6 years to complete their degree they may not have subsidized loan or grant eligibility to assist with their education costs. Financial Aid Limitations Loans Effective July 1, 2013 there is a limit on the amount of time a student can receive a Direct Subsidized loan for first time Federal loan borrowers. Subsidized loan eligibility will be limited to 150% of the published length of an academic program (equates to 6 years of eligibility for a 4 year standard undergraduate program). Once a student has received their Direct Subsidized loans for the maximum eligibility period they will only be eligible to borrow Direct Unsubsidized loans. If a student continues to be enrolled in an undergraduate program after receiving the maximum Direct Subsidized loans, they will be responsible for the interest that accrues on their subsidized loans. Additional information on the new federal regulations and information on Direct loan eligibility can be found on our website: www.csudh.edu/financialaid Financial Aid Limitations Grants The amount of Federal Pell Grant funds a student may receive is limited to 600% which is equivalent to six years of full-time (12 units each semester) enrollment. Students may check their Pell Grant eligibility by logging into the National Student Loan Data System (NSLDS) Student Access Website at: http://www.nslds.ed.gov/nslds_SA/ Financial Aid Limitations Grants The CSU has endorsed changes to the rules for awarding State University Grant. Undergraduate students cannot have accumulated more than 150 semester units. Undergraduate transfer students cannot have accumulated more than 75 semester units at the CSU. Credential students cannot accumulate more than 30 units. Masters students cannot accumulate more than 125% of the required units according to their published program length. Students pursuing a certificate, second Bachelor’s, second Master’s degree are not eligible for SUG; regardless of where they received their previous degree(s). Questions Office Hours Welch Hall B-260 Phone: 310)243-3691 Fax: 310)516-4498 www.csudh.edu/financialaid Email: finaid@csudh.edu Hours – Normal hours Monday-Thursday 8:00 a.m. – 6:00 p.m. Friday 8:00 a.m. – 2:00 p.m. – First Saturday of each semester 8:30 a.m. – 1:00 p.m. Extended office hours are offered at the beginning of each semester