Financial Aid Workshop
Mission Hills High School
Presented by:
Michele Ojeda
Financial Aid Advisor
Today’s Discussion:
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What is Financial Aid?
How do I apply?
What types of Financial Aid are there?
Am I Eligible?
California Dream Application/AB540
Important Reminders!
Scholarship Searches
What is Financial Aid?
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Grants
Loans
Scholarships
Employment Opportunities
How Do I Apply?
The FAFSA is the primary
method of determining
financial aid eligibility
Free
Application for
Federal
Student
Aid
Easiest way to complete
FAFSA is online
Complete FAFSA Each
Academic Year
www.fafsa.ed.gov
www.fafsa.com
• www.pin.ed.gov
You need to request
a PIN for You (the Student) in order
to sign and submit your FAFSA electronically. Your
parents must request a PIN too!
You and your parents can request your PIN NOW!!!
www.pin.ed.gov
FAFSA on the Web Homepage
www.fafsa.ed.gov
What happens when I
apply? What’s the
process?
• Complete electronic FAFSA, sign using PIN or send signature
page to fed processor
• After your FAFSA has been processed, a Student Aid Report
(SAR) “link” is emailed to the student
– Check the SAR for accuracy
• Schools listed on the FAFSA receive the information
electronically
• Each school determines the financial aid eligibility
• If school needs additional information, student will be notified
by school listed on FAFSA.
FAFSA used to determine EFC
• EFC = Expected Family Contribution
– The federal government determines your
ability to pay for post-secondary expenses
(including living expenses)
– The Financial Aid Offices use the EFC to
determine a student’s eligibility for needbased aid
March
nd
2 ,
2013
All California public institutions, as well
as some private institutions, use the
March 2nd priority filing date, which is
also the Cal Grant deadline
Am I Eligible for Need-Based Aid?
Cost of Attendance per institution (COA)
MINUS
Exp. Family Contribution (per FAFSA EFC)
= Eligibility for Need Based Aid
Cost of Attendance (COA)
• Includes estimates for:
– Tuition/Fees (actual)
– Room/Board
– Books
– Transportation
– Miscellaneous/Personal
California State University San Marcos
Cost of Attendance for 2012-2013
Amounts listed above are for CA resident, enrolled full-time.
Federal Pell Grant:
Designed for low income students with an EFC
between 0 and 4996
Awards range from $602 to $5550 per year
depending upon EFC and enrollment
May be received while completing 1st Bachelors
and preliminary teaching credential*
*only at institutions which do NOT offer a Bachelors
degree in education
Other Federal Financial Aid:
Federal Supplemental Educational
Opportunity Grant (FSEOG)
• Must be awarded to Pell eligible
students first
• Limited funds; usually awarded to
priority students first
Other Federal Financial Aid:
Federal Work Study:
• Aid that is earned by working; monthly
paychecks; will work around students
school schedule.
• If you don’t work, you don’t get the $$
Federal Student Loans
• Subsidized Loan – 3.4%
• Unsubsidized Loan – 6.8%
Cal Grants
Administered through:
– California Student Aid Commission
(CSAC)
– www.csac.ca.gov
It Takes Two !!!
To Apply for a Cal Grant, you must complete:
1. FAFSA
2. Cal Grant GPA Verification Form
Both must be submitted by the March 2nd deadline
CSUSM Institutional Funds
State University Grant
– Assists with the state fee, so can not receive
Cal A simultaneously and can not receive with
Cal B after 1st year
– Awarded to eligible students until funds
depleted
– Important to meet priority filing dates
Educational Opportunity Program
EOP services include:
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Personal & academic counseling
Priority Registration
Peer Mentoring
First Year Experience
Supplemental Instruction
University & Program Orientation
EOP Grant
The Center
Summer Bridge Program
Educational Opportunity Program
Application process:
 Apply to university using CSU Mentor
 Indicate interest on application
 Complete EOP portion of application
 EOP Office will email student with
additional information
California Dream Application
Students without lawful immigration status, who qualify for an
AB540 nonresident tuition exemption:
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File for state and institutional need based scholarships and
grants by filing a California Dream Act application at
www.CalDreamAct.org.
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The Admission application fee waiver is also being extended to
students without lawful immigration status, who will qualify for
an AB540 nonresident tuition exemption & meet the income
guidelines
California Dream Application
AB 540 General Requirements
•The student must have attended a HS (public or
private) in CA for 3 or more years,
AND
•The student must have graduated from a CA HS or
attained the equivalent (GED and CA HS proficiency
exam also qualify),
AND
•File an AB540 Affidavit (California Non-Resident
Tuition Exemption Request form) with the college or
university
•Available in the Admissions & Records office of
each CSU
Financing College is a Partnership
 Students contribute through working and borrowing
 Parents are asked to contribute based on their
financial ability
 Low-income parents are often asked to contribute zero
 Universities combine the different forms of
financial aid for students
 Offer a combination of federal, state, or
university grants and scholarships to
eligible students
 Assist families seeking loans to help meet
their contribution
Obtain a PIN
– student AND parent, if student is ‘dependent’
Complete the FAFSA
– submitted by student/parent to federal processor
Cal Grant GPA Verification Form
– submitted by school or student to CSAC
Submit FORMS by March 2 every year
 No signatures!
Must obtain PIN for electronic signatures of student
and parent, or must send in signature page for
student and parent
 Income/Asset information left blank!
File by deadline even if federal tax return not filed
 Mismatched social security number with name and date
of birth
 No schools listed
Scholarshiphelp
An excellent starting point.
www.scholarshiphelp.org
StudentServices
Free scholarship information, by major.
www.studentservices.com
FastAID and FastWEB
Free college scholarship search and student loan information
www.fastaid.com www.fastweb.com
FinAid
Comprehensive free resource for student financial aid
information on the Web. Free scholarship search, financial
aid calculators, glossary, and bibliography.
www.finaid.org