Financial Aid Application
Process for 2011-2012
Presented by…
The HUB Assistant Directors
Spring 2011
Presentation Purpose
• To highlight what is the same and different about the
financial aid application for 2011-12
• To ensure that CMU students know resources and
who to contact
Undergraduate Financial Aid Basics
• Students must complete the application process in order to be
considered to receive financial assistance.
• Most undergraduates are “dependent” students and will need
to involve their parents.
• After the application process is completed, students receive a
financial aid award letter.
Overview: Application Process
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Where to Start: 2010 Tax Returns & W2s
FAFSA
CSS PROFILE
IDOC
Attestations
Summary of Changes
Other Important Topics
Questions
Application Process Comparison
2010-11
2011-12
2009 Tax Returns
2010 Tax Returns
FAFSA 2010-2011
FAFSA 2011-2012
Carnegie Mellon Application (Online)
CSS PROFILE
Tax Documents to The HUB or
Undergraduate Admissions
Tax Documents to IDOC
Student W2 forms (not required)
Student W2 forms (required)
Signature Page – Submitted to
The HUB with CMU Application
Financial Aid Attestations and
Permissions completed in SIO
Noncustodial Parent Information Form
to The HUB (divorced and separated
parents)
Noncustodial Parent Information Form
with IDOC materials (divorced and
separated parents)
Step 1: Gather Important Information
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Student & parent 2010 signed federal tax returns
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Student & parent Wage Tax Statements (all W2’s, 1099’s)
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Self-employed or business/farm owner? (schedules)
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Parent housing status (i.e. own, rent)
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Personal Information including student’s Social Security #
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Other information…..
Step 2: FAFSA
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Complete FAFSA at www.fafsa.gov
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Carnegie Mellon University Code - 003242
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Get pin at www.pin.ed.gov
Note: Heinz or Tepper School graduate students use unique
codes on the FAFSA; all others use the CMU code 003242
Step 3: NEW CSS PROFILE
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Online application to be considered for institutional aid funds
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Complete PROFILE at https://profileonline.collegeboard.com
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Used by Undergraduate Admissions and most peer institutions
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Questions? Contact Customer Service Support at 305-829-9793
(8 a.m. to 10 p.m., Monday thru Friday, January – April)
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FAQs at http://www.cmu.edu/finaid/undergraduate/css-faq.html
CSS Profile: 3-step Process
1. Register
• Tailored to student’s family situation
• Based on registration answers, some CMU-specific questions
2. Complete
• Customized pre-application worksheet and instructions
• Online help
• CSS Profile has “smart” features to minimize mistakes
3. Submit
• Date & time
CSS Profile: Fee & Acknowledgement
1. Fee
• Application fee of $9 plus $16 for each college = $25
• Pay by credit card (VISA or MasterCard), debit card or
online check
2. Acknowledgement
• Record of payment
• Provides next steps
• Print copy
Note: Last day to file 2011-12 PROFILE is January 17, 2012
Step 4: IDOC
1. What is IDOC?
• Institutional Documentation Service (IDOC)
• Purpose: collection of all tax documents and required
supplemental forms (ex: CMU’s NCPC form)
2. Instructions
• College Board sends email to student
• IDOC Cover Sheet is electronic and available on the IDOC
website, https://PROFILEonline.college.collegeboard.com
• Student will use personal info to access IDOC cover sheet
Note: Mail one complete packet with cover sheet to IDOC by
April 18, 2011 (priority deadline)
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FAQs for CSS Profile on the web
Step 5: Attestations
• Log onto Student Information Online (SIO)
(www.cmu.edu/hub/sio) using student Andrew ID & password
• Hover over ‘Finances’ and click on ‘Financial Aid
Status/Award’ (be sure Aid Year 2011-2012 is selected)
• Under the ‘Miscellaneous’ category, click on ‘Financial Aid
Attestations’
Note: Student will be notified via e-mail when financial aid award
letter is on SIO.
Attestation & Permission Screens
Financial Aid Application Status and Award Letter screen in SIO
Note: This is a PDF
file that you can print
and/or e-mail.
Note: The student
award letter is not
mailed home.
Application Process Comparison
2010-11
2011-12
2009 Tax Returns
2010 Tax Returns
FAFSA 2010-2011
FAFSA 2011-2012
Carnegie Mellon Application (Online)
CSS PROFILE
Tax Documents to The HUB or
Undergraduate Admissions
Tax Documents to IDOC
Student W2 forms (not required)
Student W2 forms (required)
Signature Page – Submitted to
The HUB with CMU Application
Financial Aid Attestations and
Permissions completed in SIO
Noncustodial Parent Information Form
to The HUB (divorced and separated
parents)
Noncustodial Parent Information Form
with IDOC materials (divorced and
separated parents)
SIO Finances Tab
• A comprehensive site for
student finances
• Student Account Invoices
• Student Account Activity
• E-bills
• E-pay and E-refund
• Financial Aid
• Financial Permissions
• 1098-T (IRS – US tax filing document)
Federal Direct Student Loans
Reference website: www.studentloans.gov
New applicant for Federal Direct Student Loan? Complete….
• Master Promissory Note (MPN)
• Entrance Counseling
Did you use Federal Direct Student Loans in 2010-11?
• New MPN and Entrance Counseling not needed
Effective July 1, 2011:
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Subsidized interest rate = 3.4%
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Unsubsidized interest rate = 6.8%
Resources
• HUB Website – www.cmu.edu/hub
• College Contact Model – Who? When? Where?
Go to www.cmu.edu/hub/hours.html or SIOResources
• Student Information Online (SIO) – www.cmu.edu/hub/sio
Questions?