Week2 powerpoint
description
Transcript of Week2 powerpoint
Applying for and Following up with Financial Aid
T. GouldEDU653
Applying for Financial Aid
Click on the picture below to watch a 5 minute video on Financial Aid.
Complete the Free Application for Federal Student Aid (FAFSA)◦ www.fafsa.ed.gov
Step 1:
Things you will need to complete the FAFSA◦ Your Drivers License◦ Your Social Security Card◦ Last years tax returns◦ Last years W’2s
Step 1 Cont.
Prior to completing the FAFSA information online, it is a good idea to use the FAFSA worksheet so you know what will be required
Step 2
The form will look very similar to the electronic form that you will complete at the FAFSA website.
Step 2 Cont.
Create a pin number for your FAFSA◦ Needed for electronic signature
If you are filing as a dependent, parents will need a pin also
Step 3
Make sure to include school code (002251) Sign Form
◦ Electronically ◦ Print signature page and mail in
Step 4
School listed will receive Student Aid Report (SAR)◦ If signed electronically 2 -3 weeks◦ If printed signed form mailed in 5 -6 weeks
You will receive SAR◦ If signed electronically 2 -3 weeks◦ If printed signed form mailed in 5 -6 weeks
In your SAR, your Estimated Family Income (EFC) will be listed
Step 5
You will receive an email sent to your college email with what your eligibility will be
Step 6
Your email will state that you:◦ Have been awarded◦ Need to submit more information◦ Have been Denied and what other options you
have
Step 6 Cont.
You’ve been selected for verification◦ The government randomly selects student for
verification.◦ Complete verification form and submit all
documentation of income reported on the FAFSA◦ Submit copies – all submitted documents will be
shred after verification process is completed
Step 7
Complete Verification Form◦ With attached copies of Tax returns (must be
signed) and W’2s
Step 7 Cont
Apply for Loans◦ Subsidized – government pays interest◦ Unsubsidized – student pays interest◦ Parent Loans
Complete loan application and turn it in to Financial Aid Office
Step 8
Check MyDelta for Award Letter
Step 9
Microsoft Office 2007, (2007). Clip Art Library. Clip Art Delta College (2011). MyDelta. Retrieved from
https://mydelta3c.delta.edu/WebAdvisor/WebAdvisor?&TYPE=M&PID=CORE-WBMAIN&TOKENIDX=8017067719
FAFSA.gov (2010). Free Application for Federal Student Aid. Retrieved from http://www.fafsa.ed.gov/#
FAFSA.gov (2010). FAFSA on the Web Worksheet. Retrieved from http://www.fafsa.ed.gov/fotw1112/pdf/fafsaws12c.pdf
FAFSA.gov (2010). Federal Student Aid Pin. Retrieved from http://www.pin.ed.gov/PINWebApp/pinindex.jsp
Fastwebcontent (2008). The Five-Minute FAFSA. Retrieved from http://www.youtube.com/watch?v=kor_9cK593M&feature=player_embedded
Delta College (2011). 2011-2012 Verification Worksheet. Retrieved from http://www.delta.edu/financial-aid-office/forms.aspx
Delta College (2011). Federal Direct Student Loan Request/Cancellation Form. Retrieved from http://www.delta.edu/financial-aid-office/forms.aspx
References