FAFSA
What is FAFSA?
Online application to request federal, state, and school assistance on paying for college
How many types of financial aid were mentioned?
4
How many categories of college expenses were mentioned?
5
What is Financial Aid?
Money you receive to help pay for college
What does EFC stand for?
Expected Family Contribution
Non-repayable funds (FREE MONEY!)
Grants
Where you decide to live while you attend college
Room & Board/ Housing
What is one of the basic elements of Financial Aid?
-Cost of attendance
-Expected Family Contribution
-Financial Need
What does EFC determine?
The amount the family and student are expected to pay for college from their own income
Merit or Performance based money
Scholarships
The amount of money required for instruction
Tuition and fees
What grade level do you first fill out FAFSA?
12th grade/ Senior year
What application allows for undocumented students to request for financial aid for college?
CA Dream Act
Program that provides part-time jobs
Work Study
Does transportation expenses include airplane tickets and gas money?
YES
How often must you complete FAFSA?
Once every year
Name 3 of the 5 STUDENT information needed to complete FAFSA application.
-Social Security Number
-FAFSA ID (FSA ID)
-Date of Birth
-Student Dependency
-School Information
Fixed low-interest rate money that has to be repaid
Federal Loans
What are 3 items that can qualify as personal expenses?
Clothing
Shoes
Bathroom/kitchen items
Food
Anything fun or recreational
What is the current FAFSA deadline?
May 2nd