Jamie Petersen
Cheryl Warmann
Oakton Community College
January 9, 2013
enrollmentcenter@oakton.edu
Demographic Information
 Student’s name and address
 Student’s SSN and date of birth
 Student’s driver’s license information
 Student’s email address (preferably not the high
school assigned email address)
Citizenship Status
 U.S. Citizen
 Eligible Noncitizen
 Permanent U.S. Resident with Permanent Resident Card
 Conditional Permanent Resident
 Arrival-Departure Record I-94

List Alien ID Number
 Student needs a SSN; parents do not
Student’s Marital Status
 Single
 Married/Remarried
 Separated
 Divorced/Widowed
State of Legal Residence
 Illinois
 Enter date of legal residency if moved to IL after
January 1, 2008
Selective Service
 If child is male and NOT registered, select “Register
me”
 If there is a question about registration, it is okay to
check “Register me”
Drug Convictions & Student Aid
 No, I have never received federal student aid
Parent(s) Education
 Select highest educational level completed
High School
 High School Completion Status
 High School Name
 High School City and State
College Information
 Grade level
 Most likely “never attended college and 1st year
undergraduate”
 Degree or certificate
 Most likely “1st bachelor’s degree” or “associate degree”
 School codes
 Can enter up to 10 colleges
 Search capability
Dependency Status
 Not usually
 Not born before 1990
 Not married
 Not in graduate school
 Not in service on active duty
 Not a veteran
Dependency Status
 Not usually
 Providing more than 50% of support of a child
 Providing more than 50% of support for other
dependents
Dependency Status
 Not usually
 An orphan, ward of the court, foster care (after age 13)
 Emancipated by the court
 Assigned a legal guardian by the court
 Determined to be an unaccompanied youth & homeless
after July 1, 2012, by



High school
Director of HUD funded shelter
Director of youth center or transitional living program
Who is a Parent?
 Married or remarried
 Biological Parent or Step-Parent
 Divorced or Separated, Single, Widowed
 Parent that student lived with more in last 12 months
 Month & Year of change in marital status
 Email address to learn FAFSA processed
Identifiers
 Social Security Number
 If parent is remarried; also include step-parent
 Last Name and First Initial
 On social security card
 Date of Birth
Dislocated Worker
 Yes if:
 Receiving unemployment benefits due to being laid off
and is unlikely to return to the same type of work; or
 Laid off or received a lay-off notice; or
 Was self employed but is now unemployed due to
economic conditions or natural disaster; or
 Is a ‘displaced homemaker’

Previously a ‘stay at home’ mom or dad, no longer supported by
spouse, does not have secure employment
State of Legal Residence
 Illinois
 Enter date of legal residency if parent moved to IL
after January 1, 2008. Use date for parent who has lived
in the state the longest
Tax Type
 Have already completed
 Will file
 Not filing
 1040 (used if you itemize)
 1040A, 1040EZ
 Foreign Tax Return
 Puerto Rico Tax Return
IRS Data Retrieval Process
 Available February 1, 2013
 Available during initial application and correction
process
 Question prompts will be asked to determine
eligibility to use the Data Retrieval System
 If no, request will be made for an IRS Tax Transcript
IRS Tax Transcripts
 Online request
 www.irs.gov
 “Order a tax return or account transcript”
 Telephone request
 1-800-908-9946
 Paper request
 IRS Form 4506T-EZ
 http://www.irs.gov/pub/irs-pdf/f4506tez.pdf
 **Must know address used on tax return!
Adjusted Gross Income
 2012 Federal Income Tax Form
 1040 — Line 37
 1040A — Line 21
 1040EZ — Line 4
Earnings from Work
 W-2 statements or
 Federal 1040 – Add lines 7, 12, 18 and
Box 14 or IRS Schedule K-1 or
 Federal 1040A – Line 7 or
 Federal 1040EZ – Line 1
 If you did not work – Enter Zero
Income Tax
 Federal 1040 – Line 55 or
 Federal 1040A – Line 35 or
 Federal 1040EZ – Line 10
 Not the amount withheld
Federal Benefits 2011 or 2012
 Checkmark
 Supplemental Security Income (disability related)
 Supplemental Nutrition Assistance Program (SNAP) –
commonly known as food stamps
 Free or Reduced Price School Lunch
 Temporary Assistance for Needy Families (TANF)
 Special Supplemental Nutrition Program for Women,
Infants, and Children (WIC)
 Not “medical card”
Additional Financial Info
 Educational Credits
 (Next year may have Hope Scholarship Credit)
 Child Support Paid
 Taxable earnings from limited Financial Aid
 (Next year student may have federal work study)
 Taxable grants or scholarships
 Combat Pay or Special Combat Pay
 Cooperative education earnings
Additional Financial Info
 Child Support Paid
 Statement signed by applicant, spouse, or parent who
paid child support certifying:



Amount of child support paid
Name of person to whom child support paid; and
Name of children for who child support paid.
 If institution believes information is inaccurate, other
acceptable documentation:



Copy of separation or divorce decree listing amount
Statement from individual receiving payment showing amount
Copies of child support checks or money order receipts
Untaxed Income
 Tax-Deferred Savings (eg: 401K & 403B)
 W-2 Box 12a-12d (Codes D, E, F, G, H and S)
 Child Support Received
 IRA Deductions/SEP, SIMPLE, Keogh, etc
 Tax Exempt Interest (eg: Municipal Bonds)
 Untaxed IRA Distributions/Pensions
 Exclude Rollovers
Untaxed Income
 Military, Clergy, etc
 Housing, food, other living allowances
 Noneducational Veterans Benefits
 Disability, Death Pension
 Other untaxed
 Workmen’s Compensation; First-time homebuyer tax
credit
 Gifts (eg: someone paying bills)
Cash, Savings, Checking
 As of the day FAFSA completed
Investments (Net Worth)
 Real Estate
 Second home
 Rental property
 Trust Funds
 Unified Gift & Transfers to Minor Accounts
 Money Market Funds
 Mutual Funds
 Certificates of Deposit
Investments





Stocks/Stock Options
Bonds
Other Securities
Coverdell Savings Accounts
529 College Savings Plans
 Accounts reported as parental investment
 Include sibling’s account
 529 Prepaid Tuition Plan (refund value)
Business/Farms (Net Worth)
 Investment Farms (not family farm)
 Business
 100 or more full-time employees
 Family controls less than 50%
Student Finances
 Follow same definition as parent section
 Assets
 Cash, Savings, Checking-as of today
 Investments-Unified Gift to Minors/Trust Funds
 Dependent earnings under $6,130 are “protected”
Family Members in Household
 Student
 Parent(s)
 Parents’ other dependent children
 Other people if
 Live with Parents and
 Receive 50% or more support from Parents and
 Will continue to receive 50% or more support from
Parents in 2013-2014
College Students
 Student
 Include others if they will attend at least half-time in
2013-2014
 Do not include parent(s)
Contribution from Assets
 Student
 Max of $200 per $1,000 of savings/investment
 Parent age 45 (single parent)
 Assets over $10,600
 $120 for every $1,000
 Parent age 45 (two parents)
 Assets over $36,200
 $120 for every $1,000
PINs, Colleges, and Deadlines
 Create PINs (electronic signatures)
 Student and Parent
 When online—keep going until you have a
confirmation number
 Check College Websites for Deadlines
 IL Monetary Award Program
Formula and Calculators
 www.ifap.ed.gov
 Search EFC Formula Guide
 www.fafsa4caster.ed.gov
 www.collegeillinois.org
 College

Calculators
 EFC Calculator
Additional Help
 Federal Phone Number
 1-800-4-FED-AID
 Oakton Community College
 By appointment

Mon-Fri; Feb. 4-15; 9am – 4pm
 847-635-1708 or enrollmentcenter@oakton.edu
 Collegeillinois.org for other sessions