Financial Aid for College UC Davis Financial Aid and Scholarships Office. Presented by Vince Ramos

Financial Aid for College UC Davis Financial Aid and Scholarships Office Presented by Vince Ramos FAFSA and Dream Act Application Overview • • • • •...
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Financial Aid for College UC Davis Financial Aid and Scholarships Office Presented by Vince Ramos

FAFSA and Dream Act Application Overview • • • • • •

Basics of Financial Aid Packaging How to Apply for Financial Aid Financial Aid Timeline FAFSA Application Dream Act Application FAFSA and Dream Act Application Frequently Asked Questions • Tips For Students and Families • Things to Remember • Questions

Basics of Financial Aid Packaging: The Numbers $32,208 On-Campus Budget $0 Expected Family Contribution $32,208 Initial Need - $3,500 Self-Help =$28,708 Gross Need

Basics of Financial Aid Packaging: Filling the Bucket $28,708 Gross Need

University Grant = $5,153 Federal Unsubsidized Loan = $2,000 Federal Direct Loan = $3,000 Campus Fee Grant = $540 Cal Grant = $12,240 Pell Grant = $5,775

Basics of Financial Aid Packaging: UC Blue & Gold Opportunity Plan Eligible students may have up to their base tuition and fees covered by gift aid. Gift aid equals all sources of free money including scholarships and grants (federal, state, UC and private). For 2015-2016, base tuition and fees equate to $12,240. Eligibility criteria: • File a FAFSA or Dream Act Application each year by the March 2nd priority deadline • First 4 years of UC attendance (first 2 for transfer students) • California resident • Total income less than $80,000 • Expected Family Contribution (EFC) less than Estimated Cost of Attendance • First-time applicants must also file a Cal Grant GPA Verification form through CSAC by the March 2nd deadline

Basics of Financial Aid Packaging: UC Davis Aggie Grant Plan Eligible students may have up to 25% of their base tuition and fees covered by gift aid. For 2015-2016, this equates to $3,060. Eligibility criteria: • File a FAFSA or Dream Act Application by the March 2nd priority deadline • First 4 years of UC attendance (first 2 for transfer students) • California resident • Total income $80,000 - $120,000 • Parent's or student’s (if independent) assets less than $200,000 (excluding personal residence) • Expected Family Contribution (EFC) less than Estimated Cost of Attendance • First-time applicants must also file a Cal Grant GPA Verification form through CSAC by the March 2nd deadline

Basics of Financial Aid Packaging: Middle Class Scholarship (MCS) Eligible students with family incomes up to $150,000 may qualify for this award. Eligibility criteria: • File a FAFSA or Dream Act Application by March 2nd priority deadline • California resident • U.S. Citizen, Permanent resident, or have AB 540 student status Please remember: • Amounts vary by student and institution • Determination will be made by the California Student Aid Commission (CSAC)

How to Apply for Financial Aid  File the annual FAFSA or Dream Act application between January 1 – March 2 for priority aid consideration  fafsa.gov  dream.csac.ca.gov

 New applicants should file a Cal Grant GPA Verification form between January 1 – March 2 to be considered for a Cal Grant  Sign-up for WebGrants4Students 

mygrantinfo.csac.ca.gov

How to Apply for Financial Aid: For Information Visit Us at financialaid.ucdavis.edu

Financial Aid Timeline Below is an example financial aid package for a FAFSA application student with an EFC of $0 with an on-campus budget. The student on the left filed on time, and the other student filed late. As you can see, it is extremely important to file by the March 2 priority deadline. On Time Cal Grant A

Late $12,192

Student Self-Help

$3,500

Federal Pell Grant

$5,730

Federal Pell Grant

$5,730

Student Self-Help

$500

Federal Direct Subsidized Loan

$3,000

Federal Unsubsidized Loan

$2,000

Federal Direct Subsidized Loan

$3,000

Federal Unsubsidized Loan

$2,000

Federal Work-Study

$3,000

University Grant

$7,263

Total Aid

$33,185

Total Aid

$10,730

Financial Aid Timeline Below is an example financial aid package for a Dream Act application student with an EFC of $0 with an on-campus budget. The student on the left filed on time, and the other student filed late. As you can see, it is extremely important to file by the March 2 priority deadline. On Time Cal Grant A Dream Grant

Late $12,192

Student Self-Help

$8,500

$525

Student Self-Help

$4,975

Institutional Work-Study

$3,000

University Grant

$12,993

Total Aid

$28,710

Total Aid

$0

FAFSA Application Changes: FSA ID

FAFSA Application Changes: Save Key vs. Password

FAFSA Application Changes: School Selection Page

FAFSA Application Changes: Untaxed Portions of IRA Distributions

FAFSA Application: My FAFSA Pages

FAFSA Application: Additional Federal Student Aid Resources

fafsa.gov

Dream Act Application: Information and Resources

Dream Act Application: Information and Resources

Dream Act Application: Timer

Dream Act Application: Confirmation Page

Dream Act Application: Parent Signature

FAFSA and Dream Act Application Frequently Asked Questions

fafsa.gov

dream.csac.ca.gov

FAFSA and Dream Act Application Frequently Asked Questions Q: What if I (or my parents) haven’t completed taxes yet? A: You can still submit your application using estimated income and tax information; however it is best to get your taxes done prior to the March 2 deadline. If you use estimated information, once you file your taxes you will need to correct your application if any of the information is different.

FAFSA and Dream Act Application Frequently Asked Questions Q: Once I create an FSA ID, how can I update or change my information? A: By logging on to the ‘Edit My FSA ID’ tab you can update or change your contact information, email address, challenge questions or username and password.

fsaid.ed.gov/npas/index.htm

FAFSA and Dream Act Application Frequently Asked Questions Q: What if I forget my FSA ID username or password? A: Click on the ‘Forgot My Username’ or ‘Forgot My Password’ link and either choose option 1- Email or option 2 – Challenge questions.

FAFSA and Dream Act Application Frequently Asked Questions Q: How much does it cost to complete the FAFSA or Dream Act Application? A: Nothing! FAFSA stands for the Free Application for Federal Student Aid. Both applications are free, but please make sure you go to the correct website: • •

FAFSA: fafsa.govFAFSA.gov Dream Act Application: dream.csac.ca.gov

Other sites and organizations may try to charge you to complete or submit the application.

FAFSA and Dream Act Application Frequently Asked Questions Q: How long does it take for my FAFSA or Dream Act Application correction to process? A: • • •

3-5 days for the FAFSA application 7-10 days for the Dream Act application You will receive a revised Student Aid Report (SAR) reflecting the corrections that were made on your FAFSA, and a Cal SAR Report for corrections made on the Dream Act application

Dream Act Application Frequently Asked Questions Q: Can I fill out the CA Dream Act application if I do not have a Social Security number? A: Yes, students who meet the AB 540 eligibility requirements are not required to have a Social Security number in order to submit the application. If an applicant has a Social Security number issued by Deferred Action for Childhood Arrivals (DACA) for work purposes only, that number should be entered on line #8. Line #8 should be left blank for applicants without Social Security numbers.

Tips for Students and Families • • •



Create an FSA ID before starting your FAFSA When completing the Dream Act application save it as you go through the application Male applicants between 18 and 25 must register for Selective Service, including U.S. Citizens and noncitizens. Register through your FAFSA or Dream Act application Remember that the information being entered is sensitive information and to ensure that you have logged out when done

Things to Remember • • • •

File by the March 2 priority deadline to receive maximum aid eligibility Check your FAFSA or Dream Act application confirmation page for any errors or corrections needed You can complete your application even if taxes are not yet complete with estimated tax information Both the FAFSA and Dream Act Applications are free to complete

We are here to help you!

Undergraduate Financial Aid Phone: (530) 752‐2390 – 9 a.m. to 4 p.m. Location: 1100 Dutton Hall (1st Floor) In Person: Monday – Friday 10 a.m. to 2 p.m. Website: financialaid.ucdavis.edu

Undergraduate and Prestigious Scholarships Phone: (530) 752‐2804 – 9 a.m. to 4 p.m. Location: 2128 Dutton Hall (2nd Floor) In Person: Monday – Friday 10 a.m. to 4 p.m. Website: scholarships.ucdavis.edu

Contact An Expert: my.ucdavis.edu/ask_us/index.cfm

Questions?

Sources • Pictures • • •

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Slide Slide Slide • •

3: www.blackbaud.com/image/k12/K12_Overview_FinancialManagement_347x310.png 5: http://www.edwardscoaching.com/wp-content/uploads/2010/12/bucket.jpg 9: FAFSA: unidos.unm.edu/fafsanm/images/FAFSA_Logo_Header.png Dream Act: alameda.peralta.edu/ab-540-and-california-dreamact/files/2013/12/CA_Dream_Act_logo.jpg Slide 25: www.techgeekguy.com/wp-content/uploads/2010/12/Free_Button.jpg Slide 30: www.betterhighschools.org/images/home/hands2.jpg