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					                                 The National Office for School
                                     Counselor Advocacy
                                           (NOSCA)

                      College Affordability Planning
                                     April Bell
                                 Associate Director
              National Office for School Counselor Advocacy (NOSCA)



National Office for School Counselor Advocacy (NOSCA)
      The Roadmap – The Eight Components of College
       and Career Readiness Counseling

      Focus on Component #6 – College Affordability

      Paying for College: The National Landscape for
       Financial Aid

      What Counselors need to know to help their students
       and families, especially underserved student
       populations, navigate the financial aid process

      Questions and Answers


    Session Content
National Office for School Counselor Advocacy (NOSCA)
     The Road Map
                                                        National Office for School Counselor Advocacy (NOSCA)



National Office for School Counselor Advocacy (NOSCA)
       NOSCA’s Eight Components of College and Career Readiness Counseling
                          A Systemic K-12 Approach




National Office for School Counselor Advocacy (NOSCA)
                   Paying for College: The National
                     Landscape of Financial Aid




National Office for School Counselor Advocacy (NOSCA)
      Federal Government

      State Government

      Colleges and Universities

      Private Scholarships



    Sources of Aid
National Office for School Counselor Advocacy (NOSCA)
      Grants/Scholarships

      Loans

      Work-study

      Tax Credits and Deductions



    Types of Aid
National Office for School Counselor Advocacy (NOSCA)
                           Undergraduate Student Aid
                         by Source (in Billions), 2009-10


National Office for School Counselor Advocacy (NOSCA)
      Federal Pell Grants

      State Grants

      Institutional Grants

      Private Grants



    Grants
National Office for School Counselor Advocacy (NOSCA)
                                    Who Gets Pell Grants?

                          Percentage Distribution of Pell Grant Recipients
                        by Family Income and Dependency Status, 2008-09




      SOURCE: The College Board, Trends in Student Aid 2010


National Office for School Counselor Advocacy (NOSCA)
      Based on financial need

      Based on academic qualifications

      Athletic and other awards

      Colleges with lowest price tags may not be
       least expensive for students


    Grants from Colleges & Universities

National Office for School Counselor Advocacy (NOSCA)
      Federal Loans
       ◦ Subsidized Stafford Loans
       ◦ Unsubsidized Stafford Loans
       ◦ PLUS Loans for parents


      Private Loans – Beware!




    Loans
National Office for School Counselor Advocacy (NOSCA)
      Work-study

      Tax Credits and Deductions
       ◦ After the bills are paid
       ◦ For parents or students
       ◦ Now available to people who don’t owe taxes




    Other Aid
National Office for School Counselor Advocacy (NOSCA)
               Financial Aid Affordability
                              Game Show
                      How Much Do You Know About the Financial Aid
                                             Application Process?




National Office for School Counselor Advocacy (NOSCA)
 The official website for obtaining
 the FAFSA is Fafsa.ed.gov.




National Office for School Counselor Advocacy (NOSCA)
  The following financial documents are needed to
  successfully complete the FAFSA:
  Parent’s/Student’s W-2, Federal Income Tax Return, as well as bank statements




National Office for School Counselor Advocacy (NOSCA)
 A student/parent should expect to receive a
 Student Aid Report (SAR) after the FAFSA has
 been successfully submitted online?




National Office for School Counselor Advocacy (NOSCA)
 A student can declare “independent” if she or he has a
 child/children who will receive more than half their support
 from the student between July 1, 2011 and June 30, 2012.




National Office for School Counselor Advocacy (NOSCA)
               Financial Aid Affordability
                              Game Show
          Thank you for your participation!




National Office for School Counselor Advocacy (NOSCA)
       Avoiding common barriers that can derail the
         financial aid process of which FAFSA is a
          central part, especially for underserved
                        populations.




National Office for School Counselor Advocacy (NOSCA)
                                    Common Barriers
                       Financial Literacy Education

                                        The Financial Aid
                                       Application Process


         I.                                      II.                       III.
     Preparing                                Applying                  Receiving

         A. Personal &                                                   A. Updates and
                                                 A. Attention to
            financial                                                       corrections needed
                                                    deadlines
            information sharing                                             to receive aid


                                                 B. Identification of    B. Communication
         B. Opposition to
                                                    “parent” &              with Financial Aid
            educational debt                        student status          Office



National Office for School Counselor Advocacy (NOSCA)
         I. Preparing

   Common Barrier

   A. Fear of Personal and Financial Information Sharing

       1. Divulging personal financial information

       2. Exposure of confidential information to others




National Office for School Counselor Advocacy (NOSCA)
         I. Preparing

   Common Barrier

   B. Opposition to Educational Debt

       Lack of information about:

       1. Good Debt vs. Bad Debt

       2. Loan Repayment Plans and Options




    SOURCE: studentaid.ed.gov



National Office for School Counselor Advocacy (NOSCA)
                                   Good Debt vs. Bad Debt

                      Good Debt                                Bad Debt




        Education Loan                                  Credit Card
        Mortgage                                        Store Credit Card
        Real Estate Loan                                Auto Loan
        Business Loan




National Office for School Counselor Advocacy (NOSCA)
                    Federal Loans and Repayment Plans*
      Loan Option: Federal Family Education Loans
       Available Repayment Plan Option: Income-Sensitive Repayment Plan



      Loan Option: Federal Direct Loans
       Available Repayment Plan Option: Income-Contingent Repayment Plan



      Loan Options: All Federal Stafford Loans, PLUS Loans and Consolidation Loans
       Repayment Plan Option: Income-Based Repayment Plan




    *Partial List

    SOURCE: studentaid.ed.gov

National Office for School Counselor Advocacy (NOSCA)
                Early Interventions and Strategies
                    Financial Literacy Education

                                                The Financial Aid
         I.                                    Application Process
     Preparing
        Students




        Parents & Families




National Office for School Counselor Advocacy (NOSCA)
                                    Common Barriers
                       Financial Literacy Education

                                        The Financial Aid
                                       Application Process


         I.                                      II.                       III.
     Preparing                                Applying                  Receiving

         A. Personal &                                                   A. Updates and
                                                 A. Attention to
            financial                                                       corrections needed
                                                    deadlines
            information sharing                                             to receive aid


                                                 B. Identification of    B. Communication
         B. Opposition to
                                                    “parent” &              with Financial Aid
            educational debt                        student status          Office



National Office for School Counselor Advocacy (NOSCA)
         II. Applying

   Common Barrier

   A. Lack of Attention and/or Disregard to Deadlines

       Three application deadlines that require a timely response:

       1. Federal Deadline – Non-negotiable (June 30th)

       2. State Deadlines – Vary by State

       3. Institution Deadlines – Vary by Institution & Program of Study




National Office for School Counselor Advocacy (NOSCA)
                                 It is recommended to complete the FAFSA on-line (not the paper version)




         FAFSA
                                                                                                           1


                                                                                                           2


                                                                                                           3




     KEY:
     ( ) Date Received/Date Processed                                       4
      #  For priority consideration, submit app by date specified
      +  Applicants encouraged to obtain proof of mailing
      *  Additional form may be required

       SOURCE: fafsa.ed.gov ( Live support at studentaid.ed.gov/completefafsa 1-800-4-FED-AID)

National Office for School Counselor Advocacy (NOSCA)
      SOURCE: studentaid.ed.gov

National Office for School Counselor Advocacy (NOSCA)
         II. Applying

   Common Barrier

   B. Error in Identification of “Parent” and Student Status

       1. Definition of “Parent”:

                Family Educational Rights and Privacy Act (FERPA)
                                      vs.
                Free Application for Federal Student Aid (FAFSA)

       2. Student Dependent vs. Independent Status




National Office for School Counselor Advocacy (NOSCA)
                                  Identification of “Parent”
                                           US Department Of Education

                                   FERPA                        FAFSA*




  *Partial List

  SOURCES: FERPA - ed.gov
           FAFSA - fafsa.ed.gov

National Office for School Counselor Advocacy (NOSCA)
                                Identifying Student Status*
                                           (2011-2012 Academic Year Only)




   If student can respond “YES” to at least one of the following questions,
      he/she is declared “Independent”: All other students will be declared
      “Dependent”.

      Student born before Jan. 1, 1988. (24 years of age or older)

      Student has children who will receive more than half their support from the
       student between July 1, 2011 and June 30, 2012.

      At any time since student turned age 13, both student’s parents were deceased,
       student was in foster care or a dependent or ward of the court.

      Student is/was an emancipated minor as determined by a state court.

    *Partial List

    SOURCE: studentaid.ed.gov

National Office for School Counselor Advocacy (NOSCA)
        Special Circumstances for Dependent Students*

   Special circumstances that hinder some dependent students from
   providing parent information:

   Examples:
    Parent(s) are incarcerated.


      Student left home due to abusive family environment.

      Student does not know where parents are and unable to contact them.

   Assist students with special circumstances:

      Clarify the process with students and families.

      Gather supporting documentation.


   *Partial List, items may vary

   SOURCES: 2011-2012 Counselor and Mentors Handbook on Federal Student Aid,
            US Department of Education

National Office for School Counselor Advocacy (NOSCA)
                Early Interventions and Strategies
                    Financial Literacy Education

                                                The Financial Aid
         II.                                   Application Process
      Applying
        Students




        Parents & Families




National Office for School Counselor Advocacy (NOSCA)
                                    Common Barriers
                       Financial Literacy Education

                                        The Financial Aid
                                       Application Process


         I.                                      II.                       III.
     Preparing                                Applying                  Receiving

         A. Personal &                                                   A. Updates and
                                                 A. Attention to
            financial                                                       corrections needed
                                                    deadlines
            information sharing                                             to receive aid


                                                 B. Identification of    B. Communication
         B. Opposition to
                                                    “parent” &              with Financial Aid
            educational debt                        student status          Office



National Office for School Counselor Advocacy (NOSCA)
        III. Receiving

   Common Barrier

   A. Failure to Make Updates and Corrections Needed to
      Receive Aid

       Reports/Forms requiring updates and corrections:

               • Student Aid Report-SAR (Federal)

               • State Higher Education Agency Application (State)

               • College/University Financial Aid Application (Institution)




National Office for School Counselor Advocacy (NOSCA)
                                 Identifying the Need for Corrections




    Student Aid Report
          (SAR)




     If “C” is indicated, locate correction details of page #1 of SAR.
     If an asterisk (*) appears in front of the “C”, the application has been selected for verification.
     If no “EFC” appears, it is a rejected SAR, additional information, corrections and/or
     updates are required before processing.

     SOURCE: studentaid.ed.gov

National Office for School Counselor Advocacy (NOSCA)
                       Common Updates and Corrections


                                            •   Application Signature(s)
                                            •   Home Address
                                            •   Social Security Numbers
                                            •   Birth Date(s)
                                            •   Income Tax Information
         Student Aid Report
                                            •   Institution(s) Selected
                SAR
                                            •   Housing Plan(s)
              (Federal)




National Office for School Counselor Advocacy (NOSCA)
                       Common Updates and Corrections

                                            •   State Institution(s) Identified
                                            •   Contact Information
                   State Higher             •   Enrollment Status
                    Education               •   Confirmation
                     Agency
                   Application
                      (State)




                                            • Final Transcripts
                                            • Report of Outside/Private Funds
                    College/
                   University
                  Financial Aid
                   Application
                  (Institution)




National Office for School Counselor Advocacy (NOSCA)
        III. Receiving

   Common Barrier

   B. Failure to Communicate with Financial Aid Office

       Required communication for all students:

       1. Corresponding with Financial Aid Office

       2. Review and Analyze Financial Aid Award Letter (FAAL)

       3. Comparing Financial Aid Award Letters (FAALS)




National Office for School Counselor Advocacy (NOSCA)
                        Required Communications Chart

                                                   FAFSA Application
                                                      Completion



                                                 Received & Reviewed
                                                      by Federal
                                                     Government



                                                   Student Aid Report
                                                    (SAR) distributed


                                                    Received by State
                                                   Government Agency
                                                      (If applicable)
           ------------------------------------------------------------------
                                                          Required                  Admitting
                          Student & Family              Communication             Institution(s)
                                                                              (Financial Aid Office)



                                             Collective Responsibilities of the
                                                   Student & Family and
                                                 the Financial Aid Office




National Office for School Counselor Advocacy (NOSCA)
                       Sample Financial Aid Award Letter
                                                        Green University
      Dear Potential Student,

      Cost of Attendance: $26,310.00

      Circle “A” for Accept or “D” for Decline for each individual award where indicated below:

                                                               Fall         Spring        Total    Accept/Decline
      Pell Grant                                               $2,000       $2,000        $4,000       A/D
      Presidential Freshman Scholarship                        $1,450       $1,450        $2,900       A/D
      Green University Grant                                     $550        $550         $1,100       A/D
      Total Grants and Scholarships                                                       $8,000

      Federal Subsidized Stafford Loan                         $1,750       $1,750        $3,500      A/D
      Total Student Loans                                                                 $3,500

      Federal College Work-Study                                 $330         $330        $660        A/D
      Federal PLUS Loan                                        $7,405       $7,405     $ 14,810       A/D

      Sincerely,
      Financial Aid Office




    SOURCE: Adapted from: College Counseling Sourcebook, 6th Ed. College Board, collegeboard.org

National Office for School Counselor Advocacy (NOSCA)
                                Compare Your Aid Awards
                                             The On-line Tool




     SOURCE: collegeboard.org

National Office for School Counselor Advocacy (NOSCA)
                Early Interventions and Strategies
                    Financial Literacy Education

                                                The Financial Aid
        III.                                   Application Process
     Receiving
        Students




        Parents & Families




National Office for School Counselor Advocacy (NOSCA)
              Early Interventions and Strategies
                       Financial Literacy Education
                                        The Financial Aid
                                       Application Process




National Office for School Counselor Advocacy (NOSCA)
                                    Common Barriers
                       Financial Literacy Education

                                        The Financial Aid
                                       Application Process




National Office for School Counselor Advocacy (NOSCA)
                     College Board Publications
                                   Cracking the Student Aid Code:
                                   Parent and Student Perspectives on Paying for College




                                          Trends in Student Aid 2010




                                                   Education Pays 2010




                                                           College Counseling Sourcebook, 6th Ed.




                                                                advocacy.collegeboard.org/publications




National Office for School Counselor Advocacy (NOSCA)
                            Additional Resources and Tools

  Financial Literacy
   Federal Insurance Deposit Corporation (FDIC), fdic.gov
   My Money, mymoney.gov


  Preparing to Apply for Financial Aid
   The Federal Trade Commission, ftc.gov
   Safeguarding Against Identity Theft Worksheet, collegeboard.org


  Applying for Financial Aid
   Counselor and Mentors Handbook on Federal Student Aid, fsa4counselors.ed.gov
   Funding Your Education Beyond High School, studentaid.ed.gov
   Pay for College, collegeboard.org


  Receiving Financial Aid
   Helping Families Compare FAALs, collegeboard.org
   Appealing An Award, College Counseling Sourcebook, 6th Ed., collegeboard.org




National Office for School Counselor Advocacy (NOSCA)
  Sign up for the next 2 NOSCA Webinars on the Eight
  Components of College and Career Readiness
  Counseling
  Webinar 2 – 1:00PM EST, March 29, 2011
  Component 8: Transitioning Students from High School Graduation to College
  Enrollment – Vivian Lee

  Learn how to connect students to school and community resources to help
  students overcome barriers and ensure the successful transition from high school
  to college.

  Webinar 3 – 1:00PM EST, April 20, 2011
  Component 1: Building College Aspirations – Jennifer Reed

  Learn how to build a college going culture based on early college awareness by
  nurturing in students the confidence to aspire to college and the resilience to
  overcome challenges along the way. Maintain high expectations by providing the
  necessary supports, building social capital and conveying the conviction that all
  students can succeed in college.

National Office for School Counselor Advocacy (NOSCA)
  Additional Handouts on The Eight Components
  Located on the NOSCA Website

National Office for School Counselor Advocacy (NOSCA)
                                       Questions?
                       Visit www.collegeboard.org/nosca or
                        Email guidance@collegeboard.org.

   For further information, please contact:
      April E. Bell, aebell@collegeboard.org, (202) 741-4753




  Own the Turf Campaign
National Office for School Counselor Advocacy (NOSCA)

				
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