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ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Welcome to ASU’s Spring 2010
financial aid workshop
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
student financial aidDefinition: Sources of money available to assist students in paying the cost of their college education
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
What is the FAFSA?
FAFSAFAFSA is an acronym for Free Application for Federal Student Aid.
The FAFSA is the financial aid application.
There is no fee to file a FAFSA. It is free.
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Federal Grants Institutional Grants Scholarships
Pell ASU Merit
SEOG University General
LEAP Financial Aid Trust
TEACH for education majors
free funds you do not have to pay back
gift aid
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
institutional grantsASU and University grants
Awarded in addition to federal grants and scholarships
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
how to apply for financial aidwww.fafsa.ed.gov
Complete and submit the FAFSA.
Priority deadline: March 1
Complete your financial aid file by May 1.
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
ASU scholarshipsASU scholarship resources and links to national scholarship search engines: students.asu.edu/scholarships
Start your search now!
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
self-help aidStudent employment
Student loans:
Federal subsidized
Federal unsubsidized
Perkins
Federal parent loans
Private student loans
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
federal student loansWhat is the interest?
How does interest accrue?
When is the loan repaid?
Loan limits: annual and aggregate
Borrow responsibly.
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
where should I start?Request your PIN from FAFSA. pin.ed.gov.
Your parent(s) should also apply for a PIN.
Complete the FAFSA at fafsa.gov.
ASU’s school code is 001081.
Apply early to increase your chances for grants and other financial aid.
Apply for ASU scholarships now!
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
What happens?
after you submit your FAFSAYou will receive a Student Aid Report (SAR) from the federal government by mail or by e-mail.
FAFSA processing center sends your FAFSA results to ASU with your Expected Family Contribution (EFC).
ASU calculates your financial need. Cost of attendance minus family contribution = need.
ASU creates an award package for you and sends you an e-mail explaining how to accept or decline the offered aid.
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
estimated cost of attendanceWhat is included in determining the cost of attendance?
Tuition and fees
ASU room and board
Personal expenses
Transportation
Books and supplies
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Are you independent from your parents?
determining independenceYou will be considered independent from your parentsif you are:
24 years old or older or
Married or
A veteran or
An orphan now or a ward of the court at 18 or
Supporting dependent children
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
You may need to complete a student/parent review form
special circumstancesDivorced or separated
Spouse or one parent deceased
Loss of employment or reduction in earnings
Bankruptcy
Large medical bills
Visit ASU’s Student Financial Assistance Office.Counselors available 8:00 a.m. - 5:00 p.m. No appointment needed.
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
we are here to help youASU Student Financial Assistance480-965-3355students.asu.edu/financialaid
ASU Scholarship Office480-965-3355students.asu.edu/scholarships
FAFSAfafsa.ed.gov
Fast Web Scholarship Searchfastweb.com
Tax Information studentaid.ed.gov
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Spring 2010
FAFSA workshop
Thank you.
Arizona State University. December 2009. Information subject to change.
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Arizona State University. December 2009. Information subject to change.
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Filling out the Spring 2010
FAFSA line-by-line
Arizona State University. December 2009. Information subject to change.
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
2010-11
FAFSA on the Web Worksheet
Let’s look at the FAFSA worksheet together.
This is not the actual FAFSA. It is a worksheet for gathering information you will need for the FAFSA.
Then, you can easily use the worksheet as a reference when filling out the actual FAFSA.
Find the FAFSA worksheet at fafsa.ed.gov.The worksheet is the second link under
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
FAFSA on the Web Worksheet has four pages.
The first page looks like this.
Let’s take a closer look atinformation on this page.
Worksheet page 1 of 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Worksheet page 1 of 4
FAFSA on the Web Worksheet has four pages.
The first page looks like this.
Let’s take a closer look atinformation on this page.
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Do not mail this worksheet.Keep it as a reference when filling out the actual FAFSA.
This worksheet is optional. Use it only if you plan to use the FAFSA on the Web.
Sections in purple are about parents.
This worksheet does not include all the questions on the FAFSA.
There is no charge for the FAFSA or for help in completing it.
Worksheet page 1 of 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
The second page includes SECTION 1 and SECTION 2.
These sections are for information about the student who is applying for financial aid.
Let’s take a closer look at the information on this page.
Worksheet page 2 of 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
This is the top of SECTION 1 (page 2 of the worksheet).
On the actual FAFSA, there is a place to add up to ten colleges which you would like to receive your FAFSA information.
It is okay to add just ASU, if you like.
There is no place to add the colleges on this worksheet.
The ASU school code is 001081.
Worksheet page 2 of 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
This is the first place where you need to add information to SECTION 1.
On the first line, write your last name, first name and your Social Security Number (SNN).
In the box below, indicate your citizenship status. Check ONE box.
In the next box, indicate your marital status. Check ONE box.
Worksheet page 2 of 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
More information in SECTION 1:
In the box called Student Aid Eligibility Drug Convictions, check ALLboxes that are correct.
In the box about your parents’ education, check ONE box for your father and ONE box for your mother.
Worksheet page 2 of 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
SECTION 2 at the bottom of this page is about your dependency status.
Check boxes for ALL statements which describe you correctly.
If you check any of these boxes, you will not have to provide the parent information on the next page.
If you need help, call 1-800-4-FED.AID
Worksheet page 2 of 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Write your questions here, so you won’t forget them.
Worksheet page 2 of 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
The third page in SECTION 3.
This section is for information about your parents.
You are required to complete this section if you checked any of the boxes in the student dependence section on the previous page.
Let’s take a closer look at the information on this page.
Worksheet page 3 of 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Worksheet page 3 of 4
Who is considered a “parent” in regard to filling out the FAFSA?
A biological or adoptive parent.
Grandparents, foster parents, legal guardians, older siblings, and uncles or aunts are not considered parents on this form unless they have legally adopted you.
In case of divorce or separation, give information about the parent you lived with most in the last 12 months. If you spent equal time with each parent, give information about the parent who provided the most financial support during the last 12 months or during the most recent year you received support.
If your divorced or widowed parent has remarried, also provide information about your stepparent.
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Worksheet page 3 of 4
You will need the following information about your father:
Father’s/stepfather’s Social Security Number (SNN)
Father’s/stepfather’s name
Father’s/stepfather’s date of birth
Also check the box if your father/stepfather is a dislocated worker.*
You will also need the same information for your mother/stepmother.
* A dislocated worker is one who receives unemployment benefits due to being laid off or losing a job or who has been laid off or received a notice of being laid off or who was self-employed but is now unemployed due to economic conditions or natural disaster or who is a displaced homemaker, a person who previously provided unpaid services to the family but who is no longer supported by the spouse or who is having trouble finding or upgrading employment.
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Worksheet page 3 of 4
Check ONE box to answer the question: Did your parents file or will they file a 2009 income tax return? The choices are:
My parents have already completed a tax return.
My parents will file, but have not yet completed a tax return.
My parents do not plan to file an income tax return.
Then fill in the box on the right with the amount of your parents’ adjusted gross income for 2009, unless your parents did not file taxes.
Adjusted gross income can be found on the IRS Form:1040 – line 37, 1040A – line 21 or 040EZ – line 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Worksheet page 3 of 4
This part of the page about parents asks about earnings:
In the top box on the right, enter the amount your father/stepfather earned in 2009.
In the bottom box on the right, enter the amount your mother/stepmother earned in 2009.
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Worksheet page 3 of 4
This question is about aid resources and program benefits received by your parents’ household. Check ALL boxes which apply to your parents’ household in 2008 or 2009:
Supplemental Security IncomeFood StampsFree or Reduced Price School LunchTemporary Assistance for Needy Families (TANF)Special Supplemental Nutrition Program for Women, Infants and
Children (WIC)
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
This question asks about financial payments, credits, aid or income. Check ALL boxes with accurate information about your parents in 2009.
Additional Financial Information: Untaxed Income:
Hope & Lifetime Learning tax credits
Child support paid
Taxable earnings from work-study, assistantships or fellowships
Grant and scholarship aid reported to the IRS
Combat pay or special combat pay
Cooperative education program earnings
Payments to tax-deferred pension and savings plans
Child support received
IRA deductions & payments to self-employed SEP, SIMPLE & Keogh
Tax exempt interest income
Untaxed portions of IRA distributions
Untaxed portions of pensions
Housing food & other living allowances paid to members of the military, clergy, etc.
Veterans non-education benefits
Other untaxed income not reported, e.g., workers’ compensation or disability
Let’s take a better look at this list enlarged. Worksheet page 3 of 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Worksheet page 3 of 4
Additional Financial Information: Untaxed Income:
Hope & Lifetime Learning tax credits
Child support paid
Taxable earnings from work-study, assistantships or fellowships
Grant and scholarship aid reported to the IRS
Combat pay or special combat pay
Cooperative education program earnings
Payments to tax-deferred pension and savings plans
Child support received
IRA deductions & payments to self-employed SEP, SIMPLE & Keogh
Tax exempt interest income
Untaxed portions of IRA distributions
Untaxed portions of pensions
Housing food & other living allowances paid to members of the military, clergy, etc.
Veterans non-education benefits
Other untaxed income not reported, e.g., workers’ compensation or disability
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Worksheet page 3 of 4
Your parents may/may not be asked to provide more information about their finances.
This is a normal step.
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
The forth page is SECTION 4.
This section has more information about the student who is applying for financial aid.
This section has questions about income, taxes and other information related to finances and family.
Let’s take a closer look at the information on this page.
Worksheet page 4 of 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
The first question on SECTION 4 is about your or your family’s income tax return. Check ONE box.
You will need your tax returns and/or W-2 forms to complete the FAFSA.
The next question is about your (and spouse’s) adjusted gross income for 2009. Fill in the blank on the right or skip this information, if your or your spouse did not file taxes for 2009.
Worksheet page 4 of 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
The next questions in SECTION 4 are about earnings.
Complete this question even if you did not file a tax return.
In the box on the right, indicate how much you earned from working during 2009.
Then, check the box if you are a dislocated worker.
Also, in the box on the right, indicate how much your spouse earned from working in 2009.
Then, check the box if your spouse is a dislocated worker.
Worksheet page 4 of 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
In the next box, check ALL boxes that accurately describe resources received by anyone in your household in 2008 or 2009.
Note that Food Stamps and TANF may have a different name in your state. Call 1-800-4-FED-AID to ask about the name of the food stamp program in your state.
Worksheet page 4 of 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
We’re still on page 4 in SECTION 4.
This is the last question in the FAFSA on the Web worksheet.
Did you or your spouse have any of the following items in 2009?
Check ALL the boxes that give correct information about your situation during 2009.
Worksheet page 4 of 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
You may/may not be asked to provide more information about your (and your spouse’s) assets.
You may/may not need to report the net worth of current businesses and/or investments farms.
If you need to provide more information, remember that it is a normal procedure.
Don’t forget to write your questions on this worksheet.
Worksheet page 4 of 4
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
You may/may not be asked to provide more information about assets.
You may/may not need to report the net worth of current businesses and/or investments farms.
It is common to be asked for more information.
Write your questions on this worksheet.
* You may save your FAFSA and resume working on it later. Your information will be saved.
Worksheet page 4 of 4
If I start the FAFSA online and cannot finish it all at one time, will I have to start over later?*
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
This is the end of page 4 and SECTION 4.
Remember, do not mail this worksheet. Use it as a reference.
Go to fafsa.gov to complete and submit your application (FAFSA).
Remember to call 1-800-4-FED-AID if you have questions about or need help filling out the FAFSA. This number is on the bottom of every page of the worksheet for your convenience.
For more information on federal student aid, you can visit FederalStudentAid.ed.gov This URL is at the end of the worksheet.
Thank You.
Worksheet page 4 of 4 - End
ASU Financial Aid Workshop
Arizona State University. Information subject to change. Spring 2009.
Arizona State University. December 2009. Information subject to change.