Complete Your FAFSA Application High School Financial Literacy #4.

Complete Your FAFSA Application

High SchoolFinancial Literacy #4

Pre-Test

1. Why would students complete the FAFSA?

2. What number is required to complete the FAFSA?

3. Name two FAFSA sections.

Objectives

• Understand the importance of completing the FAFSA application

• Learn more details about the FAFSA• Obtain a FAFSA Pin number• Create a FAFSA application plan• Begin the FAFSA application process

Watch “How to Fill Out the FAFSA”

• Take Notes– What are the different steps to fill out the FAFSA?

Review FAFSA Information

1. Free Application for Federal Student Aid (FAFSA)

2. First and required step to receive college financial aid

3. Most states and colleges use FAFSA information to award non-federal aid

4. Completing the FAFSA allows many students to receive thousands of financial aid dollars

Review More FAFSA Information

1. Can complete after January 1st before your freshman year in college

2. Complete 1040 tax form before the FAFSA – 1040 tax form: File annual income to IRS – IRS: Internal Revenue Service/Government Agency

3. Complete FAFSA in January/learn financial aid amounts before making college decision

4. Students applying for early decision can often get financial aid estimate

How much aid will I receive?

1. Some aid determined by college financial aid office

2. Based on your family’s FAFSA information– Dependent: student financially reliant on family

3. FAFSA calculates your Expected Family Contribution (EFC) toward expenses

4. Common types of financial aid– Grants, scholarships, work study, loan

http://www.fafsa.ed.gov/

FAFSA Login

FAFSA: Get Started

Apply for a FAFSA PIN: TODAY

FAFSA: Common Questions

FAFSA: Seven Sections

1. Student Demographics2. School selection 3. Parent demographics 4. Dependency status 5. Financial information6. Sign and Submit7. Confirmation

FAFSA Documents to Complete

FAFSA on the Web Worksheet

FAFSA Worksheet: Student Info

FAFSA Worksheet: Parent Info

FAFSA Worksheet: Student Earnings

FAFSA: Paper Copy

Begin FAFSA Application Process

1. Make a FAFSA application plan2. Create a FAFSA Pin Number3. Begin the FAFSA application process

Class Discussion

1. Is there any part of the FAFSA that you anticipate being a problem? If so, why?

2. When do you plan to complete the FAFSA?

Post-Test

1. Why would students complete the FAFSA?

2. What number is required to complete the FAFSA?

3. Name two FAFSA sections

Review

• Why students complete the FAFSA– May become eligible for thousands of dollars in

college financial aid

• Number required to complete the FAFSA– FAFSA Pin number

• FAFSA sections– Student demographics, school selection, parent

demographics, dependency status, financial info