Properly Filling Out Independent Verification Worksheet - PDF by ozx18473

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									Line by line 2010/2011
  FAFSA Helpful Tips
     Presentation
FAFSA ON THE WEB
This is the Internet application used by
students and parents to complete electronic
FAFSA at
             www.fafsa.ed.gov
The fafsa on the web page has several links
to the www.pin.ed.gov website where 1
parent and the student secure a pin number.
Use the parent and student pin numbers to
sign electronically.
Getting Ready
•   Before starting the FAFSA, gather:
     • Student driver’s license
     • Student Alien Registration Card
     • Student and Parent
           Social Security cards
           2009 W-2 Forms and other records of money earned
           2009 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

                                                                    3
FAFSA on the Web Worksheet
  This worksheet can be printed
from www.fafsa.ed.gov. While it
is not necessary to complete the
    worksheet, you may find it
              helpful.
   You may also complete your
 fafsa directly online without the
 use of a paper worksheet. This
  presentation is a guide to help
  you properly answer questions
   on the worksheet and on the
               fafsa.
                                     4
The FOTW Worksheet
A Four Section Form
Section 1 – is about the student
Section 2 – determines student
            dependency status
Section 3 – collects parental information
            for dependent students
Section 4 – collects student finances and
            information about the
            independent student

                                            5
     Section 1
       (page 2)


STUDENT INFORMATION
Section 1
Student Name


  J O N E S                      SUSAN




 •   The FOTW will ask for the student’s
     last name, first name, and middle initial
 •   Make sure to report the student’s name
     exactly as it appears on the student’s
     Social Security card

                                                 7
Section 1
Student Social Security Number

                                  1 2 3 -4 5 - 6 7 8 9




   Double check the student’s Social Security
   Number when entering it on the FOTW. Both
   student name and Social Security Number will
   be compared through a database match.




                                                         8
Section 1
Citizenship Status




•   If U.S. citizen, status will be confirmed by Social Security match
•   If eligible noncitizen, status will be confirmed by Department of Homeland
    Security (DHS) match. This includes:
      • U.S. permanent residents with I-551
      • Conditional permanent residents with I-551C
      • Eligible noncitizens with I-94
•   If neither a citizen or eligible noncitizen, the student is ineligible for
    federal/state aid, but might still be eligible for institutional funds
                                                                                 9
Section 1
Alien Registration Number



                                               9 8 7 6 5 4 3 2 1




  If eligible noncitizen, write in the student’s eight- or
  nine-digit Alien Registration Number (ARN)
     •   Precede an eight-digit ARN with a zero
     •   Copy of the student’s Permanent Registration
         Card might be requested by the financial aid
         office
                                                                   10
Section 1
Undocumented Students
NOTE: if the student is undocumented
• if the student is applying to any California public college
  or university, check to see if he/she might be eligible for
  in-state tuition costs
• check with colleges and universities to see if institutional
  financial aid is available
• apply for all private scholarships for which the student
  may be eligible
• watch for changes in federal and state laws regarding the
  eligibility of undocumented or under-documented
  students
• start inquiring in elementary, middle or high school to see
  if it is possible for younger students to become
  permanent residents
              For more information and a list of scholarships, go to
                       www.maldef.org/pdf/scholarships.pdf
                           www.latinocollegedollars.org
                    www.finaid.org/otheraid/undocumented.phtml         11
Section 1
Student Marital Status




 • The student should check his or her marital status
 as of the date the FAFSA on the Web is completed
 • If the student is married or remarried, he or she
 will be asked to provide information about his or
 her spouse


                                                        12
Section 1
Selective Service Registration



  •   Male students who are between the ages of 18 and
      26 years must be registered with Selective Service
      to receive federal and state aid
  •   Answer “Register me” only if you are male, aged
      18-26, and have not yet registered.
  •   The student may also register by going to:
                      www.sss.gov

                                                           13
Section 1
Student Aid Eligibility Drug Convictions



   •   If the student has never attended college since high
       school, check “I have never attended college”
   •   If the student has attended college since high
       school but never received federal student grants,
       loans, or work-study, check “I have never
       received federal student aid”
   •   If the student has received federal student aid and
       has never had a drug conviction, check “I have
       never had a drug conviction”

                                                              14
Section 1
Student Aid Eligibility Drug Convictions

 •   If the student was convicted of the
     possession or sale of illegal drugs while
     receiving federal student aid, the student
     will be asked to complete more questions
     about the drug offense
 •   Simply having a drug conviction does not
     mean that the student will be ineligible for
     federal and/or state student aid



                                                    15
Section 1
Parents’ Educational Level




 Indicate highest level of schooling completed
 by the student’s biological or adoptive parents
 (for state award purposes only)
   • Use birth parents or adoptive parents - not
     stepparents or foster parents
   • This definition of parent is unique to these
     two questions

                                                    16
Section 1
Student State of Legal Residence

An important question NOT on the Worksheet:
•   Residency relates to the student’s
    permanent home state
    • if the student is dependent, the state of legal residence is
      usually the state in which the custodial parent(s) lives
•   State of legal residence is also used
    • to determine eligibility for state grants
    • in the need calculation to determine the appropriate
      allowance for state and other taxes paid
      by that state’s residents

                                                                     17
Section 1
High School Completion Status

 An important question NOT on the Worksheet:
  High School Completion Status
  •When the student begins college in
  the 2010-2011 school year, what will
  be the student’s high school
  completion status?
  •High school diploma
  •GED certificate
  •Home schooled
  •None of the above

                                           18
Section 1
Grade Level in 2010-2011
 An important question NOT on the Worksheet:
 Grade Level in 2010-2011
 When the student begins the 2010-2011
 school year, what will be his/her grade
 level?
 •Never attended college/1st year
 •Attended college before/1st year
 •2nd year/sophomore
 •3rd year/junior
 •4th year/senior
 •5th year/other undergraduate
 •1st year graduate/professional
 •Continuing graduate/professional or beyond
                                               19
Section 1
Degree or Certificate Objective
An important question NOT on the Worksheet:
  Degree or Certificate
  •In the 2010-2011 school year, what
  degree or certificate will you, the student,
  be working on?
  •Some options are:
   - 1st bachelor’s degree
   - Associate degree (occupational or
          technical program)
   - Associate degree (general
          education or transfer program)
   - Graduate or professional degree
                                                 20
Section 1
Student Expected Enrollment Status at the Start
of the 2010-2011 Academic Year
An important question NOT on the Worksheet:
•   When the student begins the 2010 2011 school
    year, what does he/she expect his/her
    enrollment status to be?
       •   Full-time
       •   ¾ time
       •   Half-time
       •   Less than half-time
       •   Don’t know
•   Report the student’s enrollment plans for the
    college he/she is most likely to attend
•   If unsure, report “Full-time”
                                                    21
Section 1
Work-Study, Loans, and TEACH Program

 An important question NOT on the Worksheet
If the student is interested in work-study (student
employment), student loans, or the TEACH
Program, check all appropriate boxes
 • Indicating interest does not obligate the
   student to either work or borrow, nor will it
   cause the student to lose grants and scholarships
 • Not checking work-study and/or loans may restrict
   some options for limited work-study or loan funds



                                                       22
Section 1
School Selection

An important question NOT on the Worksheet:

 • FAFSA on the Web allows the student to list
 up to 10 colleges/universities that will receive
 his/her student and parent information
 • The student should list first the California
 school he/she is most likely to attend
 • Then list other schools to which the student
 is applying for admission


                                                    23
Section 1
School Selection
An important question NOT on the Worksheet:
  • While in the School Selection Section, the
  student will be asked to enter the federal
  school code for each school to which
  he/she wants information sent
  • If the student does not know the federal
  school code, enter the state in which the
  college/university is located and search for
  the federal school code by the
  college/university name
                                                 24
Section 1
School Selection
An important question NOT on the Worksheet:
 •The student will be asked to select the housing plan thatbest
 describes the type of housing the student expects to have while
 attending each listed school
 •The choices for housing are:
    •On Campus
    •With Parent
    •Off Campus
 •The student’s choice of housing may affect the amount of financial
 aid for which he/she is eligible. It is usually more expensive to live
 on or off campus than with parents or relatives
 •Remember, selecting a housing option is not an application for On
 Campus housing. Check with the colleges/universities for housing
 information

                                                                          25
Section 1
School Selection
Strategies for Listing Colleges
• List a California college or university
    first
•   Then list those schools with the
    earliest financial aid deadlines,
    regardless of whether they are in-state
    or out-of-state
•   If the student is applying to more than
    ten schools, wait for the processed
    Student Aid Report (SAR) and add
    additional schools via the Web or by
    phone using the student PIN

NOTE: Each UC and CSU campus must be listed separately
                                                     26
    Section 2
      (page 2)


STUDENT DEPENDENCY
      STATUS
Section 2
Determination of Student Dependency Status
 •   If the student checks none of the boxes about
     Dependency Status, the student will be asked
     to go to Section 3. For FAFSA filing purposes,
     the student is considered a dependent student
     and will be required to provide parental
     information
 •   If any one of the items in this section
     describes the student, he/she should skip
     Section 3 and go to Section 4. The student is
     considered an independent student for FAFSA
     filing purposes and is NOT required to provide
     parental information
                                                      28
Section 2
Determination of Student Dependency Status




                                             29
 Section 3
   (page 3)

   PARENT
INFORMATION
Section 3
Parent Information
                     See Page 3 of FAFSA on the
                     Web Worksheet about who is
                     considered a parent
                     – Biological or adoptive
                       parent(s)
                     – Stepparent (regardless of
                       any prenuptial agreements)
                     – In case of divorce or
                       separation, provide
                       information about the
                       parent and/or stepparent
                       the student lived with more
                       in the last 12 months
                                                  31
Section 3
Who is Not a Parent
•   Do not provide information on:
     – Foster parents or legal guardians
        • If the student is in foster care or has a legal
          guardian, he/she is automatically considered
          an independent student
    – Grandparents or other relatives
      • The student must attempt to get biological
        parental information
      • Colleges may use Professional Judgment to
        allow the student to file as independent


                                                            32
Section 3
Parent Information
•   If the answer to any question is zero or
    the question does not apply, enter 0:      $        ,       0

•   Report whole dollar figures: $     12 ,356     (no cents)


•   Recommendation: If your parents have not filed
    their 2009 federal tax return, use W-2 forms
    and/or other employment records - such as final
    pay check stubs - to estimate total income

•   Remember, rather than miss any filing
    deadline, use estimated 2009 income
    information
                                                                    33
Section 3
Parent Information




     •If the student is providing
     father’s/stepfather’s and/or
     mother’s/stepmother’s information, the
     student will need those parents’:
          •Social Security Numbers
          •Names
          •Dates of Birth

                                              34
Section 3
Parent Dislocated Worker



 •The student will be asked to check if the father/stepfather
 and/or mother/stepmother is a dislocated worker
 • A person may be considered a dislocated worker if he or
 she:
    • is receiving unemployment benefits due to being laid off or
      losing a job and is unlikely to return to a previous occupation
    • has been laid off or received a lay-off notice from a job
    • was self-employed but is now unemployed due to economic
      conditions or natural disaster
    • is a displaced homemaker

                                                                        35
Section 3
Parents’ Tax Return Filing Status for 2009




• The student will be asked to provide information about
  parent tax filing status for 2009:
   • If his/her parents have completed a 2009 federal income tax
     return, mark the first box
   • If they have not as yet filed, but plan to file a 2009 federal
     income tax return, mark the second box
   • If the have not, nor will not, file a 2009 federal in tax return and
     are not required to do so, mark the third box


                                                                            36
Section 3
Parent 2009 Adjusted Gross Income

                                               $$$$$$


•   If the student’s parents have not yet filed their
    2009 federal tax return, use estimated
    information for this question
•   If the student’s parents have completed their
    2009 federal tax return, use actual 2009 tax return
    information to complete this item
    Reminder: If the answer is zero or the
    question does not apply, enter 0
                                                        37
Section 3
Money Earned from Work by Parent(s) in 2009

                                            $$$,$$$

                                            $$$,$$$



Use W-2 forms and other records to determine all
income in 2009 earned from work (including
business income earned from self-employment) for
father/stepfather and/or mother/stepmother




                                                      38
Section 3
Parents’ Household 2008 or 2009 Benefits Received




   Indicate if the student, his/her parents, or
   anyone in the parents’ household received
   benefits in 2008 or 2009 from any of the
   federal programs listed
   •Supplemental   Security Income (SSI)
   • Food Stamps
   • Free or Reduced Price School Lunch
   • TANF
   • WIC
                                                  39
Section 3
2009 Additional Financial Information




The student will be asked to report if his or her parents received or paid any of
the following items in 2009 (check all that apply)
     •Hope and Lifetime Learning tax credits
     •Child Support paid
     •Taxable earnings from work-study, assistantships, of fellowships
     •Grant and scholarship aid reported to the IRS
     •Combat or special combat pay
     •Cooperative education program earnings
                                                                                    40
Section 3
2009 Parent Untaxed Income




 •The student will be asked to report if his or her parents had
 any untaxed income in 2009. Check all that apply. Some
 examples of the most common items are:
    • Payments to tax-deferred pension and savings plans such as 401K,
      IRA deductions, and payments to self-employed SEP and Keoghs
    • Child support received
    • Tax exempt interest income
    • Housing, food and other living allowances paid to members of the
      military and clergy

                                                                         41
Section 3
Parent Asset Information
    Parents may be asked to report
    their assets. If so:
•   List the net value of your parents’ assets
    as of the day you complete the FAFSA
•   If net worth is one million      $999,999
    dollars or more, enter
•   If net worth is zero, enter 0     $       ,     0

    NOTE: Some financial aid offices may request supporting
    documentation for the answers to these questions
                                                              42
Section 3
Parent Cash, Savings, and Checking
•Some   parents may be asked to report the current
balances of their cash, savings, and checking accounts
as of the day they complete the FAFSA
•They may also be asked to provide information about
the net value of their investments such as real estate,
rental property, money market and mutual funds,
stocks, bonds and other securities
•In addition, they may be asked questions about the net
value of their businesses and investment farms
•They should not include the home in which they live,
the value of life insurance and retirement plans, or the
value of a family-owned and controlled small business


                                                           43
Section 3
Parent E-Mail Address
 An important question NOT on the Worksheet
 • Provide a parent e-mail address that will be
   valid at least until the student starts
   college
 • If a parent provides an e-mail address, the
   FAFSA processor will let them know the
   student’s FAFSA has been processed




                                                  44
Section 3
Parent Household Size

 An important question NOT on the Worksheet:
 •   Include in the parents’ household:
     • the student
     • parent(s)
     • parents’ other dependent children, if
       the parents provide more than half their
       support or the children could answer “no” to every
       question in Section 2, regardless of where they live
     • other people, if they now live with the parents and will
       continue to do so from 7/1/10 through 6/30/11, and if the
       parents provide more than half their support now, and will
       continue to provide support from 7/1/10 through 6/30/11

                                                                    45
Section 3
College Students in the Parent Household

An important question NOT on the Worksheet:
•   Always include the student even if he/she will
    attend college less than half-time in 2010-2011
•   Include other household members only if they
    will attend at least half-time in 2010-2011in a
    program that leads to a college degree or
    certificate
•   Never include the parents
    NOTE: Some financial aid offices will require proof
    that other family members are attending college
                                                          46
Section 3
Parents’ 2009 U.S. Income Taxes

 An important question NOT on the Worksheet:

•   What was the amount parents paid in
    U.S. income tax for 2009?
    – Use U.S. income tax paid (or to be paid)
      • not the amount withheld from parents’
        paychecks


                                                 47
Section 3
Parents’ 2009 Tax Exemptions

 An important question NOT on the Worksheet:
• Enter the parents’ tax exemptions for
  2009
   • Be sure to include all persons being
     claimed on the parents’ 2009 federal
     tax return, regardless of whether they
     are included in the parents’ household
     size question

                                               48
     Section 4
       (page 4)


STUDENT INFORMATION
Section 4
Student Information
•   Questions in Section 4 are identical to the parent
    financial questions we covered in Section 3
    •   If the student is single, ignore
        references to “spouse”
    •   If the student is married, also report
        spouse’s income and assets

•   The questions in Section 4 ask:
    • Which 2009 federal tax return the student filed or will file
    • The student’s 2009 Adjusted Gross Income, if filing a tax
        return, and earnings from work as well as untaxed income
        and assets
                                                                     50
Section 4
Student Dislocated Worker




 A person may be considered a dislocated worker if
 he/she:
    • is receiving unemployment benefits due to being laid
      off or losing a job and is unlikely to return to a previous
      occupation
    • has been laid off or received a lay-off notice from a job
    • was self-employed but is now unemployed due to
      economic conditions or natural disaster
    • is a displaced homemaker

                                                                    51
Section 4
Student Information (Independent Students)


 There are questions in
 Section 4 that the student
 will be asked only if he/she
 checked at least one
 response in
 Section 2 – Student
 Dependency Status


                                             52
Section 4
Student Benefits (Independent Students)




 Indicate if the student, his/her spouse,
 or anyone in the student’s household
 received benefits in 2008 or 2009 from
 any of the federal programs listed
    •Supplemental Security Income (SSI)
    • Food Stamps
    • Free or Reduced Price School Lunch
    • TANF
    • WIC
                                            53
Section 4
Student Household Size
(Independent Students)

 An important question NOT on the Worksheet:
   Student Household Size
   Include in student’s household:
     •   the student and the student’s spouse.(if married)
     •   the student’s dependent children, if the student
         provides more than half their support
     •   other people, if they now live with
         the student and will continue to do so from 7/1/10
         through 6/30/11, and if the student provides more
         than half their support now, and will
         continue to provide that level
         of support from 7/1/10 through 6/30/11


                                                              54
Section 4
Student Number in College
(Independent Students)


An important question NOT on the Worksheet:
Student Number in College
•   Count the student even if the student
    will attend college less than half-time
    in 2010-2011
•   Include others only if they will attend
    at least half-time in 2010-2011 in a
    program that leads to a college degree
    or certificate



                                              55
            DO NOT MAIL THIS WORKSHEET
Go to www.fafsa.gov to complete and submit your application.
     For more information on federal student aid,
         visit www.FederalStudentAid.ed.gov.
You can also talk with your college’s financial aid office
 about other types of student aid that may be available

                                                               56
Special Circumstances
•   Contact the Financial Aid Office if there are
    circumstances which affect a family’s ability to
    pay for college such as:
    – Loss or reduction in parent or student income or
      assets compared to 2009
    – Death or serious illness
    – Natural disasters affecting parent income or assets
      such as the recent California wild fires
    – Unusual medical or dental expenses not covered by
      insurance
    – Reduction in child support, social security benefits or
      other untaxed benefit
    – Financial responsibility for elderly grandparents, or
    – Any other unusual circumstances that affect
      a family’s ability to contribute to higher
      education
                                                                57
Application Filing Tips
         FAFSA on The Web
•   Gather necessary documents ahead of time
•   Complete a FAFSA on the Web Worksheet available at
                   www.fafsa.gov
•   Allow ample time to complete form for submission by deadline
•   Check the FAFSA for accuracy prior to submission
•   Save all work periodically
•   Sign the application using student and one parent’s PIN
•   Print out a copy of the FAFSA before submitting data
•   Keep a copy of the Submission Confirmation Page


                                                                   58
What Happens Next?
Students and the colleges the student listed receive Student Aid
             Report (SAR) from federal processor

Students who complete FAFSA and Cal Grant GPA Verification
           Form receive California Aid Report (CAR)

    Students and families review SAR and CAR for important
               information and accuracy of data

Colleges match admission records with financial aid applications
                 and determine aid eligibility

   Colleges mail notices of financial aid eligibility to admitted
  students who have completed all required financial aid forms

                                                                    59
Student Aid Report (SAR)
•   After the student completes the FAFSA on
    the Web, a SAR will be sent to the student
     – An electronic SAR Acknowledgment
       will be sent if student provides an
       email address
     – A paper SAR will be mailed if no
       student e-mail address is provided
•   An electronic copy of the data will be sent to
    each college or university listed by the
    student in Section 1
•   Keep a copy of the SAR with other financial
    aid documents



                                                     60
Summary of the
Financial Aid Process
•   Submit all required forms, including the FAFSA, by each
    college’s published deadlines (but no later than
    March 2)
•   By March 2, submit a Cal Grant GPA Verification Form
•   Keep a copy of all forms submitted
•   Review the electronic Student Aid Report (SAR)
    Acknowledgement or the paper SAR sent to the
    student
•   Review the California Aid Report (CAR) regarding your
    Cal Grant status from the California Student Aid
    Commission sent to the student.
•   Watch for financial aid award notifications from
    colleges to which the student has been admitted
•   Be sure to apply for financial aid this year and every
    year as soon as possible after January 1 to receive
    the best financial aid award possible
                                                              61
Have questions about the
FAFSA?
•   Contact the Las Positas College Financial
    Aid Office at
     (925)424-1580 or email
    lpcfinaid@laspositascollege.edu
             or
•   Contact the Federal Student Aid
    Information Center at
    1-800-4-FED-AID (1-800-433-3243)
                                                62

								
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