2014/2015
Financial Aid
Overview
1
Office of Student Financial Assistance
2
Agenda
›  What
is financial aid?
›  Where do I find financial aid?
›  How do I apply?
›  Who can help me?
2014/2015
3
What is financial aid?
Monies received from
›  Federal
›  State
›  Institutional
›  Private resources
2014/2015
4
2014/2015
College costs
›  Public
2-year college (tuition and fees,
in-state) - $3,131
›  Public 4-year college (tuition and fees,
in-state) - $8,655
›  Public 4-year college (tuition and fees,
out of state) - $21,706
›  Private 4-year college (tuition and fees)
- $29,056
Source: bigfuture by The College Board
5
2014/2015
Free Application for Federal
Student Aid (FAFSA
›  Largest
source of student aid;
distributed and processed by the U.S.
Department of Education
›  Manual
or electronic options
›  Opens
January 1 of each year
›  Must
be completed ANNUALLY
›  IRS
Data Retrieval Tool opens in early
February
www.fafsa.gov
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FAFSA
Help
2014/2015
7
2014/2015
Gather Important Data
v
Social Security Number
v
Driver’s License Number (if any)
v
v
v
2014 W-2 Forms and other records of money
earned
Student: 2014 Federal Income Tax Return
Parent: 2014 Federal Income Tax Return (if you
are a dependent student)
v
2014 untaxed income records
v
Current bank statements
v
v
Your current business and investment mortgage
information, business and farm records, stock,
bond and other investment records
Alien registration or permanent resident card (if
you are not a U.S. citizen
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Getting started
›  Monitor
›  State
priority deadlines
and institutional deadlines vary
›  Confirm
FAFSA dependency versus
independency requirements
›  Dependent
students are required to
include parental information
›  Search
for school codes
›  Plan to sign and submit online with a
FSA PIN
›  www.pin.ed.gov
2014/2015
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2014/2015
Student aid report
›  Received
via e-mail within 3-5 days if
you provided an email address
›  Received via mail within 7-10 days if
you did not provide an email address
›  Correct errors, if needed
›  Will contain an expected family
contribution (EFC)
›  Assists
institutions in the financial aid
award packaging process
Cost of attendance less expected family contribution = financial need
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2014/2015
Additional info
›  Contact
institution to determine award
process
›  Contact institution for special
circumstances or professional judgment
needs
›  Contact institution to determine what other
types of aid applications are available
›  Use student loans as a LAST RESORT
›  Make a friend in Financial Aid & Admissions
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2014/2015
Florida Financial Aid
Application (FFAA)
›  The
Florida Financial Aid Application
opens December 1 of the senior year
›  Apply
early - must be completed prior to
HS graduation date
›  One
application is used for multiple
programs, not just the Florida Bright
Futures Scholarship Program
›  Must
log-in to check status, online
notifications and award history
www.floridastudentfinancialaid.org
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2014/2015
www.floridastudentfinancialaid.org
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2014/2015
Bright Futures
Test Score Requirements
Graduation
Year Year of Initial
Eligibility 2014-15 2015-16 FAS
SAT
1290 v  Community
FMS
ACT 29 SAT
ACT 1170 26 service hours are required
for ALL Bright Futures scholarships
v
v
v
FAS – 100 hours
FMS – 75 hours
GSV – 30 hours
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Bright Futures
Award Amounts
2014/2015
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2014/2015
Grants
›  Access
to Better Learning and
Education (ABLE)
›  Florida Resident Access (FRAG)
›  Florida Student Assistance (FSAG)
›  Jose Marti Scholarship Challenge (JM)
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2014/2015
Scholarships
›  Bright
Futures (BF)
Student Handbook
›  Chart of Eligibility and Award Criteria
›
›  Florida
Incentive (FIS)
›  Mary McLeod Bethune (MMB)
›  Rosewood Family (RFS)
›  Scholarships for Children and Spouses of
Deceased or Disabled Veterans (CSDDV)
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2014/2015
Fastweb
›  1.5
million scholarships worth more than
3 billion dollars
›  Targeted
›  Other
search
resources
›  College
search
›  Career planning
›  And more!
›  www.fastweb.com
www.fastweb.com
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Other
›  www.finaid.org
›  High
School or School District
›  Protect yourself from scams
›  Report
to www.ftc.gov
2014/2015
19
2014/2015
MYF
›  Mapping
Your Future is a non-profit
organization dedicated to combining
person-to-person financial counseling
with online resources to help students
plan for the future
›  College
preparation
›  School selection
›  Career exploration
›  Money management
www.mappingyourfuture.org
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NyFF
›  Financing
higher education
›  Managing day-to-day money
›  Career planning
›  School/Life management
www.navigatingyourfuture.org
2014/2015
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Contact us
›  E-mail:
osfa@fldoe.org
›  Telephone: 1-888-827-2004
›  OSFA Outreach:
›  Robin
Blank
›  561-357-4837
›  robin.blank@fldoe.org
2014/2015