Financial Aid Workshop Class2013

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Financial Aid Workshop
Class2013
Financial Aid 101
Sources of Financial Aid
Financial Aid Programs
Federal Financial Aid
State Financial Aid
Institutional Financial Aid
Florida State Financial Aid
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Application available in December of senior
year at www.floridastudentfinancialaid.org
Students must apply to be considered for:
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Bright Futures Scholarship
Florida Student Assistant Grant
Florida Work Experience Program
Jose Marti Scholarship
CSS Profile
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The PROFILE is used to help award
nonfederal student aid funds from certain
colleges and universities
The CSS/Financial Aid PROFILE is only
available online starting October of senior year
at: https://profileonline.collegeboard.com
There is a fee to apply and only a limited
number of fee waivers are granted based on
the financial information provided on the
PROFILE
How to Apply for Federal Aid


Complete an electronic Free Application for
Federal Student Aid (FAFSA) on or after
January 1st (Contact college/university for
exact deadline dates)
FAFSA on the Web at: www.fafsa.gov
Financial Aid Includes:
 Grants: Gift,
doesn’t have to be
repaid
 Loans: Must be
repaid with interest
 Work-study:
Earn money while in
school
Get a PIN (Personal Identification
Number)

Your PIN is your
electronic signature

Request PIN
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one PIN for the student
one PIN for the parent
www.pin.ed.gov
Use PIN to file and make
online corrections
Documents Needed
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Social Security Number
Driver's license (if any)
2012 W-2 Forms and other records of money earned
Student’s (and spouse's if married) 2012 Federal Income Tax
Return –(IRS Form 1040, 1040A, 1040EZ)
Parents' 2012 Federal Income Tax Return (if dependent student)
2012 untaxed income records - Social Security, Temporary
Assistance to Needy Families, welfare, or veterans benefits
records
Most recent bank statements
Most recent business and investment mortgage information,
business and farm records, stock, bond, and other investment
records
Alien registration number or permanent residence card (if you are
not a U.S. citizen) .
Keep these records! You may need them again. Do not mail
your records with your signature page.
Which FAFSA form do I file?
Attending College
Use FAFSA Form
Use IRS Income
Tax From
Beginning Summer 2013
Then Fall 2013
2012 – 2013 FAFSA
2013 – 2014 FAFSA
2011
2012
Beginning Fall 2013
2013 – 2014 FAFSA
2012
It is important to note the type of deadline you are up against. Ask
your college/university about their definition of an application
deadline, whether it is the receipt date and time or the process date
and time of the application.
How does it all work?
Student/Parent
Complete FAFSA
ONLINE
EFC is Determined
SAR sent to student
ISIR sent to schools
Student decides
which awards to
accept, or decline.
Loans amounts may
be reduced
Awards are mailed to
you, or posted online
Check your Status
College Determines
Awards student is
eligible to receive
Sample of an Award Letter for
Student with EFC:000
Fl Academic (BF)
Pell Grant
Stafford Loan
Work Study
Other Sch.
$3,030
$5,550
$3,500
$2,000
$1,000
$15,030
Estimated Cost -FSU
Short -----------
$19,354
$4,324
Things to Remember….
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Apply for the State Financial Aid after December 1st at
www.floridastudentfinancialaid.org
Apply for the CSS Profile (if required) as soon as
possible before deadline set by school (registration
opens in October) at www.collegeboard.com
Request PIN number as soon as possible for FAFSA at
www.pin.ed.gov
Apply for FAFSA after January 1st at
www.FAFSA.ed.gov (Contact schools for exact
deadline dates)
IMPORTANT
 When
you complete your FAFSA,
please print out the confirmation
page and bring it to Mrs. Mendoza,
CAP Advisor in room 1107 with your
name and ID number on the top of
the page
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