Abbreviations
What does FAFSA stand for?
Free Application for Federal Student Aid
The new, simplified, FAFSA will become available for 2024-2025 applicants in this month.
December
This federally-funded program helps students earn financial funding through part-time employment.
Work-Study
If approved under the Cal-Grant Reform, a GPA requirement would no longer be required for community college students?
True
Which of the following statement(s) is true about the TS program?
TS is designed to:
A) Identify qualified youths with potential for education at the postsecondary level and encourage them to complete secondary school and undertake a program of postsecondary education.
B) Publicize the availability of, and facilitate the application for, student financial assistance for persons who seek to pursue postsecondary education.
C) Encourage persons who have not completed education programs at the secondary or postsecondary level to enter or reenter and complete these programs.
All three are true
Estimated Family Contribution has long been the standard for calculating need-based aid. After simplification, we will instead be using this
SAI (Student Aid Index)
When is the priority deadline in California to submit the FAFSA?
April 2, 2024 Priority Deadline
Technically students have up until June 30,2024
In addition to Scholarships, what is another type of "gift aid" that can be offered by the federal and state government?
Note: Students may qualify based on their family's income level or other qualifications.
Grants (free money)
Grants are often need-based while scholarships are often merit-based.
In order to complete the FAFSA for the 2024-2025 school year, students will need their parent's tax return from what year?
Parents tax return/W2 information from two years prior.
If starting college in Fall of 2024, students will need parent's information from 2022.
Recordkeeping. For each participant, a grantee must maintain a record of?
Hint: There are five things
(1) The basis for the grantee's determination that the participant is eligible to participate in the project under §643.3.
(2) The grantee's needs assessment for the participant
(3) The services that are provided to the participant
(4) The specific educational progress made by the participant as a result of the services
(5) To the extent practicable, any services the TS participant receives during the project year from another Federal TRIO program or another federally funded program that serves populations similar to those served under the TS program.
Recordkeeping: Three years and 90 days (from last grant year in cycle)
This amount, minus Student Aid Index and other financial assistance, equals the student's financial need.
COA (Cost of Attendance)
Although family size is still counted to determine aid eligibility, this previously relevant item will no longer effect eligibility for federal need-based aid.
Number of children in college at the same time.
This means that the government is paying the interest that accrues on a federal student loan while the student attends college.
Subsidized Loan
What are four unallowable costs for TS?
1) Stipends and other forms of direct financial support for participants.
2) Application fees for financial aid.
3) Research not directly related to the evaluation or improvement of the project.
4) Construction, renovation, and remodeling of any facilities.
What 4 assurances must an applicant (TELACU) submit, as part of its application?
(a) At least two-thirds of the individuals it serves under its proposed Talent Search Project will be low-income individuals who are potential first-generation college students.
(b) The project will collaborate with other Federal TRIO projects, GEAR UP projects, or programs serving similar populations that are serving the same target schools or target area in order to minimize the duplication of services and promote collaborations so that more students can be served.
(c) The project will be located in a setting or settings accessible to the individuals proposed to be served by the project.
(d) If the applicant is an institution of higher education, it will not use the project as a part of its recruitment program.
Formerly referred to as the SAR (Student Aid Report), it's 'simplified' name is going to be this.
FSS (FAFSA Submission Summary)
Historically limited to those with a valid SSN, this is no longer required to create a FSA ID. This term refers to anyone who is required to provide information on a student's FAFSA form.
Contributor
This means the borrower is responsible for interest that accrues, even if payments are not due, on a student loan.
Unsubsidized Loan
If approved under Cal-Grant Reform, what would be the minimum GPA to qualify for Cal-Grant 2 & for Cal-Grant 4?
Cal-Grant 2 - None
- For Community Colleges
Cal-Grant 4 - 2.0
- For Four-Year Colleges and Universities
1) How many years is a project period/cycle?
2) What are three eligibility requirements a student must meet to be able to participate in TS?
- Grant cycle is for up to five years. Grant year period = September 1 - August 31
1) US Citizen/permanent resident
2) Has completed five years of elementary education or is at least 11 years of age but not more than 27 years of age
3) Be low-income, first-generation, and/or in need of program services
The new process in which information from individual's taxes are, with consent, automatically uploaded to the FAFSA.
DDX (IRS Direct Data Exchange)
The numerical index for determining financial need, based on information from the FAFSA, now allows for this, making it easier for low-income students to receive additional need-based aid.
Negative Numbers
Currently how many Cal-Grant Awards are there? Name these.
Total of 3 (Cal-Grant A, B, & C Awards)
1) Why is it important for students to create a web-grants account?
2) What needs to be done once a student creates an account? Name at least 5 things.
- To check if they have been awarded a Cal-Grant
- Confirm GPA was submitted; Update cell phone number/e-mail address/home address; Verify high school graduation; Confirm college of attendance to remove hold on Cal-Grant; Place Cal-Grant on hold (Leave of Absence) for up to 2 years
1) There are program services that must be provided and other services that may be provided (optional). True or False?
2) Name three of eight things that are allowable costs for TS.
True = The Activity Service Codes sheet have these services colored coded.
Allowable Costs:
(A) Transportation, meals, and, if necessary, lodging for participants and project staff for—
(1) Visits to postsecondary educational institutions
(2) Participation in “College Day” activities
(3) Field trips for participants to observe and meet with persons who are employed in various career fields and who can act as role models for participants
(4) Transportation to institutions of higher education, secondary schools not attended by the participants, or other locations at which the participant receives instruction that is part of a rigorous secondary school program of study.
(B) Purchase of testing materials and test preparation programs for participants.
(C) Fees required for admission applications for postsecondary education, college entrance examinations, or alternative education examinations if—
(1) A waiver of the fee is unavailable
(2) The fee is paid by the grantee to a third party on behalf of a participant.
(D) In-service training of project staff.
(E) Rental of space if—
(1) Space is not available at the site of the grantee
(2) The rented space is not owned by the grantee.
() Purchase, lease, or rental of computer hardware, software, and other equipment, service agreements for such equipment, and supplies that support the delivery of services to participants, including technology used by participants in a rigorous secondary school program of study.
(G) Purchase, lease, service agreement, or rental of computer equipment and software needed for project administration and recordkeeping.
(H) Tuition costs for a course that is part of a rigorous secondary school program of study if—
(1) The course or a similar course is not offered at the secondary school that the participant attends or at another school within the school district;
(2) The grantee demonstrates to the Secretary's satisfaction that using grant funds is the most cost-effective way to deliver the course or courses necessary for the completion of a rigorous secondary school program of study for program participants;
(3) The course is taken through an accredited institution of higher education;
(4) The course is comparable in content and rigor to courses that are part of a rigorous secondary school program of study as defined in § 643.7(b);
(5) The secondary school accepts the course as meeting one or more of the course requirements for obtaining a regular secondary school diploma;
(6) A waiver of the tuition costs is unavailable;
(7) The tuition is paid with Talent Search grant funds to an institution of higher education on behalf of a participant; and
(8) The Talent Search project pays for no more than the equivalent of two courses for a participant each school year.