FAFSA 2013 Information Handout by VU77U7

VIEWS: 3 PAGES: 2

									    Mt. SAC Applying for Financial Aid 2013-2014
******************************************
                                        How Much am I Eligible for?
Cost of Attendance
    •   Tuition/Enrollment fees
    •   Room and board
    •   Books and supplies
    •   Transportation
    •   Miscellaneous personal expenses
    •   Loan fees, study abroad costs, dependent or elder care expenses, expenses associated
        with a disability, or expenses for cooperative education program, computer (if required
        for program).

Determining the Expected Family Contribution (EFC)
  • Income
  • Asset Equity (excluding home equity)
  • Family Size
  • Number of Family Members in College
  • Age of Parents (for dependent students)
                                             Basic Equation of Need
                              Cost of Attendance (COA)
                             Expected Family Contribution (EFC)
                             Student’s Financial Need (eligibility)


Sources of Financial Aid
•   Federal government , State government, Colleges and Universities
•   Private agencies, companies, foundations, your parents’ employers, etc…

Types of Aid
•   Gift Aid       - Grants or scholarships that do not need to be repaid
•   Work - Money earned by the student as payment for a job on or off campus
•   Loans      -   Borrowed money to be paid back, usually with interest


Federal Eligibility Criteria
• U.S. citizen or eligible non-citizen with valid Social Security #
• High School diploma, GED, or equivalent.
• Enroll in an eligible program of study leading to a degree or transfer.
• Register for Selective Service (males – ages 18-25, for more info go to www.SSS.gov)
• Drug Conviction – required resolution completed.
         - Community College Board of Governors’ (BOG) Fee Waiver
            - Waives the California Community Colleges’ enrollment fee for financially needy California
               residents

                                                                                                      1
California Dream Act:
        For undocumented students who attended a California High school and completed 3 academic years
        between 9th and 12th grades, and are eligible for the AB 540 program.
        Information and application can be found at https://dream.csac.ca.gov


                                       Apply for Financial Aid:
•   Apply for student and parent PINs at:              www.pin.ed.gov
•   PIN (Personal Identification Number) serves as the electronic signature on ED documents
•   Both student and at least one parent need a PIN
•   Needed to sign application online

                               What you will need to complete the FAFSA
    – Student driver’s license (if applicable)
    – Student Alien Registration Card (if applicable)
    – Student and Parent
        • Social Security cards
        • 2012 W-2 Forms and other records of money earned
        • 2012 federal income tax form (even if not completed)
        • Records of untaxed income
        • Current bank statements
        • Business, farm and other real estate records
        • Records of stocks, bonds and other investments
Create a file for copies of all financial aid documents submitted

After January 1, 2013 file your Free Application For Federal Student Aid “FAFSA”
                            At: WWW.FAFSA.GOV
Note: You need to complete a Free Application for Federal Student Aid (FAFSA) EVERY YEAR!
This application may be filed each year after January 1st. (once you know what your total income for that is).

Special Circumstances:
      Anything that occurs that will affect your families ability to pay for College.
            See the Financial Aid Office At your College Campus ASAP!

Additional Financial Aid Information sources:
Federal aid: www.finaid.org or www.studentaid.ed.gov
State aid: www.csac.ca.gov
  • Links to Free Scholarship Searches
   – www.fastweb.com and www.scholarships.com

                                                Deadlines:
March 2, 2013 for Cal Grant Awards: FAFSA and GPA Verification Form must be completed.
           (Other aid may be available after this date depending on the college campus and aid type.)


                                              Presented by:
                               Mt. San Antonio College Financial Aid Office
                          1100 N. Grand Ave., Walnut, CA 91789, (909) 274-4450
                                            www.mtsac.edu
                                                                                                                 2

								
To top