Life After High School: Preparing Foster Youth for Success in
70 Slides9.08 MB
Life After High School: Preparing Foster Youth for Success in College and Beyond October 26, 2019
PA State Grant & Chafee Awards 2018-19 (AY) – grant awards provided to nearly 144,000 students Max award: 4,123 2018-19 – provides 376 Chafee grants Totaling 1.62 million Average award: 4,308 93% of recipients have a 0 EFC Confidential & Proprietary Information 2
Sample Award for Foster Youth – Grants Only Confidential & Proprietary Information Pell: 6,195 PA State Grant: 4,123 Chafee: 5,000 Total FREE Money: 15,318 4-Year Private College Pell: 6,195 PA State Grant: 3,509 Chafee: 5,000 Total FREE Money: 14,704 PA State System School PA Community College Pell: 6,195 PA State Grant: 2,193 Chafee: 5,000 Total FREE Money: 13,388 3
Chafee Eligibility Changes ? The youth was in foster care or was discharged or adopted from foster care after attaining age 14 (16) The youth is a new applicant participating in the Chafee Program on or prior to his/her 23rd birthday (21) The youth is a renewal applicant who has not reached his/her 26th birthday (23) by July 1st of the upcoming academic year The youth cannot receive Chafee awards for more than five (5) years (consecutive or not) Program name has been changed to: John H. Chafee Foster Care Program for Successful Transition to Adulthood Confidential & Proprietary Information 4
AM I Dependent or Independent? Confidential & Proprietary Information 5
Start with the FORMS FAFSA – Free Application for Federal Student Aid Required by ALL Schools, PHEAA and some scholarship organizations Required every year attending STATE GRANT FORM through PHEAA Required first year for all students Some schools require additional forms: CSS Profile – through the College Board; additional fees Institutional Financial Aid Forms - through a specific school KNOW WHAT FORMS EACH SCHOOL REQUIRES Confidential & Proprietary Information
Know Your Deadlines Federal Deadlines - Apply anytime after October 1 in the year prior to when you will attend school (AY 2020-21: 10/1/19 to 6/30/21) School Deadlines - vary, check websites! PA State Grant Deadlines for FAFSA May 1, 2020 - First-time and renewal students attending colleges, universities & college transferrable programs (excluding community colleges) August 1, 2020 – First-time students attending community college; a business, trade or technical schools, hospital school of nursing; Open Admissions Institutions or a 2-year non-transferrable degree program at a Jr or 4-year college Chafee Application – Deadline is December 31,2019 Confidential & Proprietary Information
2020-2021 FAFSA Prep Information Needed for FAFSA Social Security Numbers Federal Tax Returns and W-2’s (2018) 2018 Untaxed Income Email Addresses Confidential & Proprietary Information Checking and Savings Account Statement Balances as of FAFSA Filing Date Investment Records
FAFSA - Free Application for Federal Student Aid – FAFSA.gov The FAFSA is the primary federal form for financial assistance to attend postsecondary school Must file a FAFSA each year a student attends school to be eligible File online – Fast, Secure, SKIP LOGIC and Built-in Edits Want practice? FAFSA4caster gives you a free early estimate of your eligibility for federal student aid. Confidential & Proprietary Information
Create Your FSA ID’s The student applying for aid and one parent providing information on the FAFSA need to create an FSA ID at fsaid.ed.gov Create prior to completing the FAFSA Provides access to FAFSA and Federal Student Aid online systems Legal Signature for student and parent After verifying, the mobile phone number can be used as the username to login Confidential & Proprietary Information Username Password Email Address Mobile Phone Security Questions Social Security Number
Are you the student or parent? Confidential & Proprietary Information
Disclaimer Must read disclaimer and click Accept Confidential & Proprietary Information
How to get help Review Help information as needed Click next Confidential & Proprietary Information
The black bar lets you save or exit the application. The navigation bar tells you where you are in the application. Review info and add middle initial Use the previous and next button within the FAFSA Confidential & Proprietary Information
Get Started Confidential & Proprietary Information
Save Key Confidential & Proprietary Information
Student email address & phone number Take note as to whether you are in student or parent section and report accordingly Confidential & Proprietary Information
Student Address Confidential & Proprietary Information
Confirm residency status-has student lived in PA for at least 5 years Confidential & Proprietary Information
High school completion status; degree status; college grade level Interested in work-study? Confidential & Proprietary Information
All male students are required to register for selective service Confidential & Proprietary Information
Note: Parent 1 & Parent 2 on FAFSA Confidential & Proprietary Information
Must list and confirm student’s high school. List the school & click search Confidential & Proprietary Information
Select up to 10 colleges to list on the FAFSA Search by name of college or federal school code Confidential & Proprietary Information
List school you are most likely to attend first Confidential & Proprietary Information
After adding schools, select housing status for each school Confidential & Proprietary Information
Select student’s marital status Confidential & Proprietary Information
Dependency Questions Confidential & Proprietary Information
Additional Dependency Questions Confidential & Proprietary Information
Student Homelessness Question Confidential & Proprietary Information
Dependency Determination Click you will provide parent(s) information Confidential & Proprietary Information
Parents’ marital status Confidential & Proprietary Information
Parent 1– first parent Be consistent. If parent 1 is dad, keep him parent 1 throughout the application Confidential & Proprietary Information
Parent 2 information Parent 2 information (other parent if applicable) Confidential & Proprietary Information
Confirm residency status -have parents lived in PA for at least 5 years? Confidential & Proprietary Information
Household Size & Number in College Confidential & Proprietary Information
Parent tax filing What type of tax return was filed? What is parents’ tax filing status? Confidential & Proprietary Information
Log In to IRS DRT Confidential & Proprietary Information
Parent Leaving FAFSA Confidential & Proprietary Information
IRS Data Retrieval Tool After taxes are filed: Automatically pulls in 2018 IRS Tax info for parents and students and places data into the FAFSA ALSO in Student Section, if student is filing taxes If estimated income is used to complete the FAFSA, go back later and use IRS Data Retrieval Tool Confidential & Proprietary Information
Parent IRS Info Confidential & Proprietary Information
Parent Income from Work Confidential & Proprietary Information
Parent Additional IRS Info Confidential & Proprietary Information
Parent Simplified Path Determination Confidential & Proprietary Information
Additional Parent Financial Info Confidential & Proprietary Information
Parent Additional Financial Info Confidential & Proprietary Information
Parent Untaxed Income Payments to tax-deferred pension and retirement savings plans; Check on W2 Form Confidential & Proprietary Information
Parent Assets Confidential & Proprietary Information
Parent Assets Confidential & Proprietary Information
Student Tax Filing Status Confidential & Proprietary Information
Student Tax Filing Status Confidential & Proprietary Information
Student Income Earned From Work Confidential & Proprietary Information
Student Assets Confidential & Proprietary Information
Preparer Info Confidential & Proprietary Information
FAFSA Summary Confidential & Proprietary Information
Signature Status Confidential & Proprietary Information
Agreement of Terms - Student Confidential & Proprietary Information
Signature Options Confidential & Proprietary Information
Signature Status Confidential & Proprietary Information
Which Parent Signs? Confidential & Proprietary Information
Agreement of Terms Confidential & Proprietary Information
Signature Options Confidential & Proprietary Information
2020-21 Confirmation Page Confidential & Proprietary Information
2020-21 Confirmation Page Confidential & Proprietary Information
Pennsylvania State Grant Form Link directly to the State Grant Form from the FAFSA Confirmation Page of your FAFSA! Check Rights and Responsibilities Box to electronically sign SGF Confidential & Proprietary Information
Online State Grant Application Link off the FAFSA Application Confirmation Page Missed the link or it wasn’t available? Link in an email sent to student/parent from PHEAA, OR Go to PHEAA.org; State Grant Program; and complete the form Additional questions needed to determine PA State Grant eligibility: Enrollment status (full-time/part-time) Value of PA 529 College Savings Program Program of study for students in vocational programs Employment status ? Confidential & Proprietary Information Help screens are available for all questions
PA State Grant Form (SGF) Check Rights and Responsibilities Box to electronically sign SGF Confidential & Proprietary Information
What Happens Next? The process . Department of Education's Central Processing System uses the FAFSA calculations to create your NEED ANALYSIS EFC is calculated – number used to determine need SAR/ISIR – reports information to you and your school choices Schools and State receive your results Grant eligibility is calculated You Apply/Applied to your school choices Once Accepted – schools produce Award Offer (Aid Notification) based on Need and any Internal Aid (Cost – EFC Need) You compare Award Offers Determine true costs of school and make affordable choices Confidential & Proprietary Information
Financial Aid Award Notification Official notification from school about financial aid, terms and conditions Lists the type and amount of each award to be received Describes what must be done to accept or reject any award Discloses students rights, responsibilities and academic requirements There is no required standard format for Award Notices Confidential & Proprietary Information
Reviewing the Financial Aid Notification After reviewing their notifications, students should be sure they know and understand the following: How much of the financial aid is free money? Which awards are based on need, and which are based on merit? Are there any conditions on the free money? GPA requirement? Will awards increase as tuition increases? Will awards change from year to year? Will loans be needed? Confidential & Proprietary Information
