FAFSA 2014-15
Update
Ozarks Technical Community College
14th Annual Counselors’ Financial Aid Workshop
Pre-pop Functionality
Issue
A number of entities that interact with students
have expressed interest in partnering with Federal
Student Aid to further simplify the process of
completing the FAFSA.
Solution
Approved partners will offer students the
opportunity to pre-populate data collected by that
partner (for example, a VITA site) into FAFSA on
the Web.
Ozarks Technical Community College
14th Annual Counselors’ Financial Aid Workshop
Ozarks Technical Community College
14th Annual Counselors’ Financial Aid Workshop
New Parent Marital Status
Issue
Information about both legal parents is currently included on a
dependent student’s FAFSA only if the parents are married to
each other, creating an inequity.
Solution
A new parent marital status option of “Unmarried, but both
parents living together” will allow for the collection of data from
both legal parents when the parents are not married to each
other. Mother and Father labels will change to Parent 1 and
Parent 2. Help text will be significantly enhanced to provide
guidance for parents who file separate tax returns.
Ozarks Technical Community College
14th Annual Counselors’ Financial Aid Workshop
Change to Definition of
“Married”
Issue
The Supreme Court’s recent decision in United States v. Windsor
changed the federal definition of marriage.
Solution
Text that defines marriage will be updated. Mother and Father
labels will change to
Parent 1
Parent 2
Ozarks Technical Community College
14th Annual Counselors’ Financial Aid Workshop
Ozarks Technical Community College
14th Annual Counselors’ Financial Aid Workshop
Dependent applicants with same-sex married
parents will be required to list the incomes and
contributions of both of their parents as well as
include in the household.
Independent applicants with same-sex spouse (as
recognized in a jurisdiction that allows same sex
marriage) will be required to list their spouse as
part of their household and list both incomes.
Ozarks Technical Community College
14th Annual Counselors’ Financial Aid Workshop
Ozarks Technical Community College
14th Annual Counselors’ Financial Aid Workshop
Ozarks Technical Community College
14th Annual Counselors’ Financial Aid Workshop
Conflicting Asset
Information
If a student or parent answers “yes” to the asset threshold
question, FAFSA on the Web reviews financial data for a
potential conflict and provides the student with an ‘error found’
box.
Ozarks Technical Community College
14th Annual Counselors’ Financial Aid Workshop
Tax Filing Status
Students and parents will begin reporting their tax filing status
on the FAFSA.
The system will compare the tax filing status with the marital
status to determine where potential discrepancies exist, and
message accordingly.
Ozarks Technical Community College
14th Annual Counselors’ Financial Aid Workshop
Messaging for Corrections
We’ll modify the messaging that displays when a user returns to
FAFSA on the Web after:
•
Transferring data from the IRS
•
Adding a school code
•
Other corrections
An e-mail will be sent to students with a saved correction after
seven days encouraging them to return to FAFSA on the Web
and submit the corrections.
Ozarks Technical Community College
14th Annual Counselors’ Financial Aid Workshop
Important Dates
January 1, 2014
FAFSA on the Web available to students
January 3, 2014
2014-2015 CPS begins processing
April 1, 2014
The State of Missouri Aid Deadline
Ozarks Technical Community College
14th Annual Counselors’ Financial Aid Workshop
Missouri College
Advisory Corps
College Advisors
MU Graduates
Best Fit for Career Interests
College Planning
Admissions
Financing
Parent Support
Encouragement
Ozarks Technical Community College
14th Annual Counselors’ Financial Aid Workshop
MCAC Contact Information
Beth Tankersley-Bankhead, PhD
Executive Director
Missouri College Advising Corps
46 Jesse Hall
University of Missouri (MU)
Columbia, MO 65211
phone 573-884-1928
tankersleybankheaea@missouri.edu
http://mcac.missouri.edu/
Ozarks Technical Community College
14th Annual Counselors’ Financial Aid Workshop
Ozarks Technical Community College
14th Annual Counselors’ Financial Aid Workshop