fafsa 301: filing a renewal fafsa revised 9/2013 understanding the fafsa fafsa filing fafsa 101...

FAFSA 301: Filing a Renewal FAFSARevised 9/2013

• Understanding the FAFSA

• FAFSA Filing

FAFSA 101

• Filing a Renewal FAFSA

• Corrections• Special

Circumstances• Next Steps

FAFSA 201

FAFSA 301

Agenda

Financial Aid Overview

Paying for College

Family Financing

=

Financial Aid Hierarchy

Low/No Low

HighHigh

CO

STA

VAILA

BILITY

*Need-based

*Available to everyone

*On financial aid award letter

Participate in workshops*Paying for College*Student Loans 101: Know Before You Borrow*Scholarship Strategies

FAFSA Review

Agenda

Preparing to File the FAFSA

PIN Help

You may need help pin.ed.gov Chat through fafsa.gov Call 800-4-FED-AID

Preparing to File the FAFSA

Gather Documents

√ √ Income records: most current tax return, or W-2’s or paystubs

√ √ Bank statements

√ √ Child support statements

√ √ TANF or welfare information

√ √ Family business information

√ √ Real estate, stock or bond investment records you may have

√ √ Any untaxed income records

√ Records of money from financial aid, scholarships or fellowships

√ Records of education-related expenses

√ Opt* Social Security Card, Green Card or Permanent Resident Card

Opt Driver’s license

Preparing to File the FAFSA

Agenda

Participate in workshops*FAFSA 101:Understanding & Filing the FAFSA*FAFSA 201: Corrections, Special Circumstances & Next Steps

FAFSA Roadmap

YES, to ANY one question

NO, to ALL questions.

FAFSA START LOGIN•Student Legal Name

•SSN •Date of Birth

FAFSA START LOGIN•Student Legal Name

•SSN •Date of Birth

RENEWRENEW MAKE CORRECTIONS

MAKE CORRECTIONS

STUDENT INFORMATION

STUDENT INFORMATION

NEW 2013-14NEW 2013-14

HIGH SCHOOLHIGH SCHOOL COLLEGESList up to 10 colleges

COLLEGESList up to 10 colleges

DEPENDENCY STATUS•Born before Jan. 1, 1990

•Married

•Working on Masters or Doctorate Degree

•Have children that you financially support

•Veteran or Currently serving in the US Armed Services

•Since the age of 13, both parents were deceased, you were/are in foster care or ward of the court

•Emancipated Minor

•Have a legal Guardian

•On or after July 1, 20112 were homeless or at risk of being homeless

DEPENDENCY STATUS•Born before Jan. 1, 1990

•Married

•Working on Masters or Doctorate Degree

•Have children that you financially support

•Veteran or Currently serving in the US Armed Services

•Since the age of 13, both parents were deceased, you were/are in foster care or ward of the court

•Emancipated Minor

•Have a legal Guardian

•On or after July 1, 20112 were homeless or at risk of being homeless

PARENT(S) FINANCIAL INFORMATION

PARENT(S) FINANCIAL INFORMATION

PARENT DEMOGRAPHIC INFO:

Father or Mother

PARENT DEMOGRAPHIC INFO:

Father or Mother

Married/ RemarriedMarried/ Remarried

BOTH PARENTS DEMOGRAPHIC INFO

Father/Step-fatherMother/Step-mother

BOTH PARENTS DEMOGRAPHIC INFO

Father/Step-fatherMother/Step-mother

PARENT INFORMATION

PARENT INFORMATION

Divorced, Separated, Widowed

Divorced, Separated, Widowed

SIGNATUREStudent PIN &Parent PIN

SIGNATUREStudent PIN &Parent PIN

STUDENT FINANCIAL

INFORMATION

STUDENT FINANCIAL

INFORMATION

SIGNATUREStudent PIN SIGNATUREStudent PIN

www.fafsa.gov

Login Page

FAFSA Support

My FAFSA Welcome Page

Password Page

Login v. Password v. PIN

FAFSA year 1 FAFSA year 2 FAFSA year 3

Login

Password 1 Password 2 Password 3

Introduction Page

Student Demographics

Eligibility for Financial Aid

College Information

Dependency Status

Dependency Status Results

Parent Information

IF YOUR PARENT(S) ARE THEN ENTER INFORMATION FOR

MARRIED BOTH PARENTS

REMARRIED THE PARENT (AND STEP PARENT) YOU LIVE WITH MOST

SINGLE OR WIDOWED THE SINGLE OR SURVIVING PARENT

DIVORCED OR SEPARATED THE PARENT YOU LIVE WITH MOST

UNMARRIED, BUT LIVING TOGETHER

BOTH PARENTS, REGARDLESS OF MARITAL STATUS

SAME SEX FOLLOW ABOVE GUIDELINES

Parent Demographics

Financial Information

Will file The amounts entered will be estimates

Already completed The amounts entered will be final

Will not file The amounts entered may have to be verified through other documentation

Financial Information

Federal Means Test

Additional Financial Information

Only 1 person can claim 1 of these credits

Enter only the information for the person in question

See: IRS Publication 970

Taxable Scholarships/Fellowships?

If you use the scholarships/fellowship for:

AND you are… THEN the it is…

A degree candidate

Not a degree candidate

Tax free Taxable

Tuition X X

X X

Fees X X

X X

Books X X

X X

Supplies X X

X X

Equipment X X

X X

Room X X X

Board X X X

Travel X X X

See: IRS Publication 970

Parent Assets

Assets Cash, savings, checking accounts

Investments Real estate, trust funds, stocks, CD, special minor accounts, money market funds, securities, commodities, college savings plans (529 college savings/prepaid tuition plans), mutual funds, bonds, etc

Student Financial Information

See: IRS Publication 929

Sign & Submit

1

2

3

Confirmation Page

1

2

3

4

Agenda

What Happens to your FAFSA Info

Complete the FAFSA Process

COMPLETE FAFSA PROCESSCheck email oftenReview SARFile your taxes early!Complete Verification and/or Special Circumstance documentation*Participate in FAFSA 201: Corrections, Special Circumstances & Next Steps workshop

Next Steps Participate in workshops:*Student Loans 101: Know Before You Borrow

Resources

For help filing the FAFSA College Goal Sunday: collegegoalsundaywa.org Chat: fafsa.gov Phone: 800-4-FED-AID Email: StudentAid@ed.gov

For tax education-related tax questions IRS publication 970 Free tax preparation & help: United Way

For help/questions about Verification, special circumstances, or your Financial Aid Award Letter

Financial Aid Office at your selected schools For “how-to” support through the process

Recorded workshops: usafunds.webex.com

A nonprofit corporation, USA Funds® works to enhance

postsecondary education preparedness, access and success

by providing and supporting financial and other valued services.