ISFAA High School Counselor Workshop Fall 2013. Agenda … Parental Information After the FAFSA ...
Transcript of ISFAA High School Counselor Workshop Fall 2013. Agenda … Parental Information After the FAFSA ...
ISFAA High School Counselor Workshop
Fall 2013
Agenda …
Parental Information
After the FAFSA
Available Tools
2014-15 FAFSA-Parental Information Collection Dependent students will include income
information from their legal parents (biological or adoptive) regardless of parents’ marital status or gender, if those parents live together.
If the student’s legal parents are not married and they do not live together, it is still only the parent the student lived with more in the previous 12 months.
2014-15 FAFSA-Parental Information Collection Parents will first be asked to respond to a
question on their marital status. Never married
Unmarried and both parents living together
Married or remarried
Divorced or separated
Widowed
2014-15 FAFSA-Parental Information Collection
The FAFSA will instruct a dependent student to provide information about both of the student’s legal parents regardless of the parents’ marital status or gender, if the parents live together.
2014-15 FAFSA-Parental Information Collection
The initial guidance from the Dept. of Education was issued prior to the repeal of the Defense of Marriage act.
Expect that this information might be updated prior to the FAFSA filing season so stay tuned for more details.
2014-15 FAFSA-Parental Information Collection
Dependent Student’s Parents’ Household Comprised Of:
Data from 1 or 2 Parents Collected?
Data from 1 or 2 Parents Collected?
2013-2014 and Prior 2014-2015 and Forward
Single legal parent 1 Parent 1 Parent
Two legal parents who are husband and wife
2 Parents
2 Parents
Legal parent and stepparent 2 Parents 2 Parents
Two legal parents who are unmarried (regardless of gender), or who are of the same sex and are married, as recognized by a State or foreign country
1 Parent 2 Parents
What happens after a FAFSA is filed?Usually 1 of 3 results:Official EFC: financial aid office calculates aid package.
Rejected FAFSA or “c flag”: student needs to submit documentation.
FAFSA identified for verification: we need documentation.
Examples of FAFSA Rejects
Parent name, SSN, or DOB do not match with record at Social Security Administration.
Dependent student’s parent did not sign the FAFSA.
Amount of tax paid reported ≥ adjusted gross income.
Examples of C flags Student not confirmed as registered with
Selective Service System.
Citizenship status or eligible noncitizen status not confirmed.
Question 23/drug conviction.
Pell grant or FSEOG overpayment.
Student loan default.
Unusual enrollment history.
Verification: 2014-15 # in household, # in college, tax & income,
SNAP, child support paid?
Child support paid?
HS completion, identity, affirmation of educational purpose, SNAP, child support paid?
HS completion, identity, affirmation of educational purpose, + list in #1 above?
Household resources: untaxed income + list in #1 above?
My FAFSA result is misleading because… Contact college financial aid office to
request consideration of special circumstances.
Will be asked to submit verification and other supporting documentation.
Financial aid officers can make professional judgment.
Comparing School Aid Offers Financial Aid Packages
What’s included in the aid offer Type(s) and Amount(s)
Federal State Institutional Gift Loans Work
Comparing School Aid Offers What will I pay?
Determine the out-of-pocket cost How much does the school cost What aid options are available
Gift
Loans
Work
Cost – Aid Option(s) = Out-Of-Pocket
Comparing School Aid OffersTools Available
Net Price Calculator
www.studentaid.ed.gov
How you can help:
Financial Aid Night
College Goal Sunday: Feb. 23, 2014
April & May reminders: Check college mail, e-mails, data access
May 1 reminder: Check e-Student at www.in.gov/ssaci for edits