Frontier HS Financial Aid Presentation
December 1st, 2014
Daniel M. Tramuta
Associate Vice President for Enrollment Services
New York State Financial Aid Administrators Association (NYSFAAA) – Past President
Eastern Association Student Financial Aid Administrators (EASFAA) – State Rep.
SUNY Fredonia
tramuta@fredonia.edu
716.673.3253
Sources of Financial Assistance
How & When to Apply?
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Apply for Admission (Fall of Senior Year)
Collect documents
Request a federal PIN at www.pin.ed.gov
Complete the CSS Profile by that specific school’s requested
deadline
Fill out the 2015-16 FAFSA on the Web Worksheet (Do Not
Mail this Worksheet) (Dec.)
Complete FAFSA online at www.fafsa.ed.gov in January 2015
(Estimate the information)
Print the confirmation page
Use the corresponding state scholarship link to apply for TAP
Keep records
Complete the 2015-16 ‘FAFSA on the Web’ Worksheet
• Get a PIN now!!
Every student and
parent needs one.
• The PIN replaces
the need for having
to mail in a
signature page.
• Student & Parent
can select the
same PIN
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Ditch the FAFSA PIN in Spring 2015
• Next spring, the U.S. Department of Education will eliminate
the use of the four-digit Federal Student Aid PIN, which is
currently required to access federal financial aid systems. The
government plans to replace the PIN with a new “FSA ID.” The
FSA ID will allow students and parents will be able to select
their own user name and password. What’s more, students
and parents who already have a PIN will be able to link that
code to their new FSA ID. The new ID will be used to access:​ • See more at:
http://blog.collegegoalsundayusa.org/Pages/Ditch-the-FAFSAPIN-in-Spring-2015.aspx#sthash.RsPtj3lZ.cS1ID3wr.dpuf
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Collect Information
Student’s and parent’s SSN and DOB
Parent’s marital status
Tax returns for student and parents
W-2’s for student and parents
Records of untaxed income for student and parents bank,
stock, real estate, and business records for student and
parents
 Student’s driver’s license number
 Student’s alien registration number (for non U.S citizens)
 PINs for student and one parent
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• File the FAFSA
as soon as
possible after
January 1st of
each aid year.
• The on-line
FAFSA allows
students to list up
to 10 colleges.
• The paper FAFSA
allows only 4
colleges to be
listed.
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Important Steps for Filing the FAFSA
Step One: Student Demographics
 Name, social security number, birth date
 Provide an email address
 Indicate gender
 Males have the opportunity to enroll in
Selective Service
 For more information go to: www.ss.gov
Step Two: School Selection
 Enter FAFSA codes – up to 10 colleges
Important Steps for Filing the FAFSA
Step Three: Parent Demographics
 Name, social security numbers, birth dates
 Marital status
If your parent does not have an SSN, enter 0’s or 9’s
Step Four: Financial Information
 If you have not filed your 2014 federal tax rturn, select
“will file”
 Use 2014 Estimated Income first, then follow up with
IRS Data Retrieval process embedded within FAFSA
IRS Data Retrieval Process
• All FAFSA on the Web applicants and the parents of dependent
applicants, who indicate that they have filed their federal tax
returns prior to completing their FASFA, will be directed to use
the FASFA-IRS Data-Retrieval process to complete their FASFA
more easily and accurately.
• Applicants who choose not to use the FAFSA-IRS Data Retrieval
process will be informed that they need to explain to their
institutions why information they provided is more accurate
than info that would have been obtained directly from the IRS.
• A tax transcript would then need to be requested from the IRS
and sent to the school along with any other requested
documentation – this will cause aid processing delays!!
IRS Data Retrieval
IRS Data Share Process
IRS Data Share Process
• Enter your filing status and address
information exactly as it appears on your
tax return and press "submit."
• Information needs to match your 1040
precisely! For example, if on the address
line of your 1040 you used “St.,” but you
typed the word “Street” into this website,
the IRS DRT will not locate your return.
IRS Data Retrieval/Share
IRS Data Share
Entering Info from W-2/Final Check Stub on FAFSA
FAFSA Confirmation Page
Apply for
TAP from
the FAFSA
confirmation
page
• After 2015-16 FAFSA is submitted on-line, establish your TAP
PIN. You may choose to use the same number as your federal
PIN. If you miss the TAP link from the FAFSA, go to
www.tapweb.org 24-48 hours after completing the FAFSA.
• Please be
aware that the
first school
code listed on
the FAFSA is
automatically
populated on
the TAP
application.
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Should I pay someone to help me
find or apply for student financial aid?
• FREE help is available
• Make sure you are not paying for
free information
• Know what you are
getting for your money
• Need more
information:
1-800-4FEDAID
Financial Aid Award Letter
SMART TRACK Award Letter
William D. Ford Direct Loans
• Subsidized Stafford Loan
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4.66% , capped at 8.25% /Origination Fee is 1.073%
Based on need
Federal government pays interest while student is in school
$3,500 for freshmen
• Unsubsidized Stafford Loan
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4.66% , capped at 8.25% /Origination Fee is 1.073%
Not based on need
Student is responsible for interest while in school
Loan cannot exceed cost of education minus financial aid
$5,500 for freshmen
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Smart Track Award Letter
FASTWEB.COM
•
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•
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Gen and Kelly Tanabe Scholarship (Amount: $1000)
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Why was I matched to these scholarships?
We matched you to these scholarships because of the info you have in your profile. If these scholarships
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Appeals Based on Unusual
Circumstances
• Loss of Income in 2015 vs. 2014
• Medical/Dental expenses NOT PAID by
insurance
• Death, separation, divorce......
• 1-Time Fluctuation in Income
• Elementary/Secondary Private School Tuition
Expenses
• Follow the procedures of the Financial Aid
Office where student is attending.
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Questions?