FAFSA & TAP
This is the primary financial document used when working with the FAFSA application
Federal tax returns (or Form 1040)
FAFSA
Free Application for Federal Student Aid
As a college student, I might have INDIRECT COSTS such as (name 2):
Transportation
Textbooks
Technology
Dorm Supplies (if living on campus)
Personal Expenses (clothing, out to eat, etc)
Opportunity programs such as _______ (name one of them) can offer additional financial aid and academic support for those who qualify
EOP - SUNY Colleges
HEOP - NY Private Colleges
SEEK - CUNY Colleges
A student applied for TAP. Which of the following colleges is NOT eligible for money received from TAP?
Lehman College
University of Connecticut
Fordham University
SUNY Oneonta
University of Connecticut
Information on this document is used to act as a “digital signature” for your parent/guardian in the TAP application
New York/State ID
TAP
Tuition Assistance Program
These are the 4 main DIRECT COSTS of college if you are living on campus
Tuition
Fees
Room/Housing
Board/Meals
This website is where you complete the CSS Profile
CollegeBoard
I am looking at a financial aid award letter from my top college. Which of these items would not be on this letter?
Pell Grant
Scholarships directly from the college
Private loans from a bank
Work Study
Private loans from a bank (only FEDERAL loans will appear on your aid letter)
If I am going to college for 4 years, this is how often I have to complete the FAFSA
4 times (once for every year I will be in college)
HEOP
Higher Education Opportunity Program
For CUNY schools, we do NOT count these 2 direct cost items when calculating our cost
Room & Board (or Housing & Meals)
Money received from this aid award comes from working a part-time job on campus as a student
Work-Study
What is the total of INDIRECT COSTS for this school?
Tuition - $10,000
Room & Board - $12,000
Fees - $500
Books & Supplies - $2,000
Transportation - $1,000
Personal Expenses - $500
$3500 (Books & Supplies, Transportation, Personal Expenses)
Potentially up to $7395, this is name of need-based grant you may get from the FAFSA
Pell Grant
SAI
Student Aid Index (this is from the FAFSA)
This is the term used to describe the amount we get by combining the DIRECT & INDIRECT costs to attend a college
Cost of Attendance (COA)
Direct Costs - Scholarships/Grants = what term for the out-of-pocket costs after aid?
Net Cost/Price (out-of-pocket cost after aid)
If you take out a loan for college, you usually have this amount of time after you graduate (or un-enroll) from college until you have to start to repay the loan.
6 months (this is called your "grace period")