Cal State University, East Bay Preview Day 2015 Welcome to The Bay!

Cal State University, East Bay

Preview Day 2015

Welcome to The Bay!

You will …

Prepare for the aid application process that starts in January

Learn financial aid terms and concepts

Hear tips to help the process proceed smoothly

Via Talk & Short Videos

Myths About Financial Aid

http://www.youtube.com/watch?v=K8JuaYVJ_LE

File early with estimatesUse the IRS Data Retrieval Tool

when tax returns are filed(if eligible)

www.fafsa.gov (March 2nd priority deadline)

Answers to look for …

How do I apply?

How much does it cost?

Am I guaranteed to get free money?

http://www.youtube.com/watch?v=kbJ55UWMEFE

Applying for AidVideo 1

Points to emphasize …

Apply @ fafsa.gov each January

Application is FREE

Grant eligibility is based on your FAFSA info“loans ARE financial aid”

Applying for Aid

Answers to look for …

What can I use aid to pay for?

What aid types do not have tobe repaid?

How much money should I borrow?

http://www.youtube.com/watch?v=Pn4OECMTh5w

Federal Aid TypesVideo 2

Points to emphasize …

Aid can be used to cover Cost of Attendance (student budget)

Grants (free $) and work-study job (earned $) are not repaid

Make a budget; borrow as little as possible; it’s not Monopoly $

Federal Aid Types

Answers to look for …

What info should I gather?

What if taxes aren’t filed yet?

How do I sign the FAFSA? https://www.youtube.com/watch?v=VRyXfUStHO0

Filling Out the FAFSAVideo 3

Points to emphasize …

Careful w/ legal name (hyphen, nicknames), SSN, and DOB

Use IRS Data Retrieval Tool when taxes are filed

FSA ID is your e-signature and can be obtained at fafsa.gov

Filling Out the FAFSA

Not Eligible to File the FAFSA?www.csac.ca.gov/dream_act.asp

Answers to look for …

What is a priority deadline?

What is a Cost of Attendance?

What is an Expected Family Contribution (EFC)?

http://www.youtube.com/watch?v=c-23SMf5DyQ

Priority and NeedVideo 4

Points to emphasize …

March 2nd is priority deadline(allow buffer for fixing errors)

COA has actual/estimated costs

EFC is an index for eligibility

Visual look at COA-EFC=Need

Priority and Need

Monitor & Manage Your Cal GrantChange School, Update Personal Info, Report Graduation Date

https://mygrantinfo.csac.ca.gov

Answers to look for …

What is a Student Aid Report?

What if my FAFSA has errors?

How do I learn about the loanrights and responsibilities?

http://www.youtube.com/watch?v=JQxorQ9s_pY

What Happens NextVideo 5

Points to emphasize …

Student Aid Report is summary

SAR comments identify errorsDon’t miss priority date because of errors!

Loan counseling required

Master Promissory Note (MPN)states terms and conditions

What Happens Next

Money you apply for and win

Typically awarded for area of study, good grades, special talents, or community service

You don’t have to repay scholarship money

Type “scholarships” in the CSUEB website search box

ScholarshipsUniversity and Outside Sources

Cal State University, East Bay

Preview Day 2015

Question Period Follows