What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor...
-
Upload
kurt-balch -
Category
Documents
-
view
213 -
download
0
Transcript of What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor...
![Page 1: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/1.jpg)
What YOU Need to Know About
YOUR FINANCIAL AID at SF State!!
Nancy Jodaitis
Financial Aid CounselorScholarship Specialist/AB 540 Counselor
San Francisco State University
![Page 2: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/2.jpg)
2
FAFSA & CA DREAM FACTS
Students HAVE to Do It Every YEAR!Should be completed in January or February Recommended to Sign App with P.I.N. Completing Application is only the First Step
Financial Aid Eligibility is Based Primarily on Last Year’s Income, Investments & This Year’s Household Size
If Household Income Changes, Contact the Financial Aid Office after June 2014 to see if eligibility for need-based aid could change.
![Page 3: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/3.jpg)
3
How Does My Financial Aid Get Calculated???
Cost of Attendance - Estimated Family Contribution* (EFC)=
Financial Need
•Registration & Fees
•Room & Board
•Books & Supplies
•Transportation
• Personal Expenses
Total Cost of Attendance
Student Contribution + Parent Contribution= Estimated Family Contribution
*The calculation of the EFC is based on the information submitted on the FAFSA, such as income and investments
Determines the eligibility of the student
for Federal & State Financial Aid
(Grants, Loans, Workstudy & Scholarships)
Financial Aid Offer
![Page 4: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/4.jpg)
4
What Does Financial Aid Pay For??
• Tuition (paying your classes, gym, health clinic, student services & fun activities!)
• Where You Live (at home, in the dorms, your own apartment)
• School Books & Supplies
• How You Get Back & Forth to School (BART, bus, car & parking costs, bike, walk)
• Personal Expenses (Educational Related Costssz)
![Page 5: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/5.jpg)
5
THINGS Financial Aid Usually Doesn’t Cover
•Housing Deposit (due with License)
•Books Options Before First DisbursementO SF State Program ~ BayBucks
•Financial Aid CANNOT Release Until One Week Before School Starts Each Semester.
![Page 6: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/6.jpg)
6
How FINANCIAL AID Works
WHEN School Begins, If Financial Aid is ALL IN ORDER
$$ comes to the School
Tuition & Other Fees (Dorms, etc) are DEDUCTED
$$$ BALANCE Goes to STUDENT and/or PARENT
OR
$$ Student pays OUTSTANDING Fees
Prior to First Day of Classes
![Page 7: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/7.jpg)
7
GRANTS = Free $$ to STUDY!
•Federal Grants: OPell O SEOG
•State: O Cal Grants A & BOState University (CSU)OEOP Grant
![Page 8: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/8.jpg)
8
Federal STUDENT LOANS
•Subsidized Loans:
•Gov’t Pays Interest While You’re in School
•3.8 % Interest
• Maximum Amount ~ Freshman: $3,500
Sophomores $4,500 Jr/Seniors $5,500
•UNSubsidized Loans:
• Interest Accrues While You’re in School ~ We recommend you pay interest & it’s tax-deductible
•3.8% Interest
•Maximum Amount for Dependents: $2,000
![Page 9: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/9.jpg)
9
Federal PARENT LOANS
•Based on CREDIT ~ 6.41% Interest Rate
•Parent Must complete ALL three steps AFTER July 1st:1) SF State Parent Plus form 2) Apply at studentloans.gov 3) Complete Master Promissory Note
•Parent Must Be APPROVED & Interest Accrues While Student Is in School
•Maximum Amount: Difference Between Student Financial Aid & Cost of Attendance
• If Parent Declined, Student Can Increase Unsubsidized Loan $4,000 ~ Contact School for Instructions
![Page 10: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/10.jpg)
10
FEDERAL WORK STUDY
•Need-Based Aid that You EARN
•Great Option for PT job at School
•Get Connected to Staff/Faculty on Campus
•Can Work as a Tutor with America Reads
•Is Not Counted as Income on FAFSA if you Indicate it is Work Study
![Page 11: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/11.jpg)
11
Cost of ATTENDANCE orESTIMATED COSTS for SF State
2014-15 SF State
•Tuition $6,464
•Room & Board $13,052
•Books & Supplies $1,826
•Transportation $1,496
•Personal Expenses $1,364
•TOTAL $24,206
COA is found on your award letter & financial aid website
![Page 12: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/12.jpg)
MARCH 2ND !*!*!
REALLY!
![Page 13: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/13.jpg)
13
College Student Undergraduate Federal/State
Financial Aid ProgramsWORK STUDY:Financial assistance earned by a student through employment.
GRANTS:Financial aid that does not have to be repaid.
LOANS:Money loaned to students. Repayment begins after student has left college.
FederalWork Study
Up to $4,000 Pell $555 - $5,644 Perkins $1,000 per year
SEOG Up to $500 Stafford/Federal Direct Loan:Subsidized/Unsub.
$5,500 - $7,500 per year
Cal Grant A $5,472 Cal Grant B $6,945 LOANS TO
YOUR PARENTS:
EOP Grant Up to $800 Parent Plus Loan
Up to $24,206 at SF State
University Grant
$5,472 IF Denied : Up to $4,000 for student
![Page 14: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/14.jpg)
14
For CAL GRANTS:
www.csac.ca.govCreate an account at WebGrants4Students
![Page 15: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/15.jpg)
15
Check your CAL Grant status and Make SURE the Proper School is
Listed
![Page 16: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/16.jpg)
16
• Allows certain categories of non-resident students to pay in-state tuition fees
• Must file AB 540 affidavit & present official CA high school transcripts to be exempt from non- resident fees
• Requires 3 Years of CA HS & Graduate from CA High school or Equivalent. (Citizens & Non-Citizens)
www.sfsu.edu/~finaid/ab540
Becoming an AB 540 Student
![Page 17: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/17.jpg)
17
Where Do I Get INFO/HELP with My Financial Aid??
•FAFSA www.fafsa.ed.gov
•CA Dream Application www.caldreamact.org
•SF State Financial Aid Website www.sfsu.edu/~finaid
•SF State Gateway Student Center www.gateway.sfsu.edu
![Page 18: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/18.jpg)
18
Figure out YOUR Budget… Do You NEED LOANS?
•Tuition~ Has to Be Covered FOR SURE!
•Books~ Project Connect Book Loan? Rental? Half.com?
•Transportation ~ (Plane, Train, Car or Bus Pass)O Example: BART from Fremont to Daly City = $12
RoundtripO School 3xs week = $36 for 15 weeks= $540 per
SEMESTER!!
•Dorms or Housing~ HOW MUCH is IT? Monthly Payment Plan? Do You Have to Pay a Deposit?
•Personal Expenses ~ Educational Expenses, Computer, etc.
![Page 19: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/19.jpg)
19
Financial Aid Office at SF State
O Experienced Counselors Available Visit or Call with Questions ~ BE PROACTIVE!
O OneStop, Student Services Building, Monday-Friday 9:00-5:00
O By Phone: M-F 9:00 to 4:30 415.338.7000
O Via email: [email protected]
![Page 20: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/20.jpg)
20
Key Times to Check Financial Aid Status•FAFSA or DREAM website
O Check Two Days After Applying
• SF State Student Center gateway.sfsu.eduO March ~ Income Verification or
DocumentsO Mid-April ~ To View AwardO PRIOR to Your Student OrientationO Right Before Fee Payment Deadlines
Fall: Early July & Mid August for Fall O Just Before Classes Begin
![Page 21: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/21.jpg)
21
Student Center – TO DO List
![Page 22: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/22.jpg)
22
To Do List ~ Income Verification
![Page 23: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/23.jpg)
23
Verifying Your Income for FAFSA
• Students randomly selected by FAFSA to verify income
• Student/Parent completes Income Verification Sheets
AND
USES the Data Retrieval Tool at www.fafsa.ed.gov OR
If student or parent cannot use data retrieval tool, then
Parent & Student must submit Tax Return TRANSCRIPT from IRS, if taxes were filed.
1040 TAX RETURNS ARE NOT ACCEPTED!
![Page 24: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/24.jpg)
24
14-15 Dependent Student Verification Form
![Page 25: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/25.jpg)
25
Verification of Family Household Size
![Page 26: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/26.jpg)
26
Parents Who are Tax Filers
![Page 27: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/27.jpg)
27
Parents Who Don’t File Taxes
![Page 28: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/28.jpg)
28
Student Tax Information
![Page 29: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/29.jpg)
29
The IRS Data Retrieval Tool is accessible through the FAFSA website
http://www.fafsa.ed.gov
![Page 30: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/30.jpg)
30
“Financial Information” Section of FAFSA
How the questions under the “Financial Information” section are answered, determines whether you can use the tool.
Data Retrieval Tool is AVAILABLE for BOTH Parents & Students
![Page 31: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/31.jpg)
31
“LINK TO IRS”
If you are eligible to use the IRS Data Retrieval Tool, you will be prompted to:
1.Enter your FAFSA Pin Number
2. Select Link to IRS
![Page 32: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/32.jpg)
32
FAFSA – IRS Data Link
After you are connected to the IRS.gov website:
1.Review your tax information for accuracy2.Select the appropriate box below.3.Select Transfer Now.
You will then be returned to the FAFSA website.
Your Data will now be transferred to your FAFSA
Please sign with FAFSA PIN & resubmit your FAFSA to complete the process.
![Page 33: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/33.jpg)
33
Print Tax Return Transcriptfrom www.irs.gov
![Page 34: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/34.jpg)
34
VIEWING Your Financial Aid AWARD
Student Center ~ www.gateway.sfsu.edu
Will BE Available to VIEW in Mid to Late APRIL
![Page 35: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/35.jpg)
35
MOST Common Reasons Financial Aid Award Could be
Delayed
•Not Formally Admitted to the School
•Invalid FAFSA: Discrepancy with Name, Date of Birth and/or Social Security Number
•Financial Aid File is INCOMPLTE: O Didn’t sign FAFSA or DREAM AppO Specific Documentation Needed (Foster Youth, Marriage or Birth Certificate, etc. )
•Selected for Income Verification
![Page 36: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/36.jpg)
36
Handle Your BUSINESS!*!
•Check your Financial Aid Status at www.gateway.sfsu.edu
•SHARE Responsibility with Your Parents to ensure everything is in order.
•BUDGET Your Money!
•Take Advantage of all Resources Available!
•Ask for Help if you Need it!
![Page 37: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/37.jpg)
37
SCHOLARSHIPS
Looking for Scholarships
•Scholarships for Grades, Community Service, Your Major, Geographic Area, Ethnicity & MORE!
•Apply for AS MANY AS POSSIBLE!
•Apply Early ~Majority of Deadlines are Jan – June
•Use a Scholarship CHART
Writing the Essay
•Tell Your Story!
•One Good Essay can be the Base!
•Write & Re-Write Your Essay!
•Work Your Chart!
![Page 38: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/38.jpg)
38
IDENTIFYING AS MANY SCHOLARSHIPS AS POSSIBLE!@!
![Page 39: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/39.jpg)
39
SCHOLARSHIP CHART TO ORGANIZE YOUR
EFFORTS
![Page 40: What YOU Need to Know About YOUR FINANCIAL AID at SF State!! Nancy Jodaitis Financial Aid Counselor Scholarship Specialist/AB 540 Counselor San Francisco.](https://reader030.fdocuments.us/reader030/viewer/2022032516/56649c745503460f94926d22/html5/thumbnails/40.jpg)
40
Make A Friend In Financial AID!!
SF State Office of Student Financial Aid
OneStop, Student Services Building, Monday-Friday 9:00-5:00
By Phone: M-F 9:00 to 4:30 415.338.7000Via email: [email protected]