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FAFSA Presentation
46
SCORE
WITH
FAFSA
Presented by
SSC Financial Aid Team
FAFSA 101
First step to qualifying for aid
NOW
Available OCTOBER 1st!!
Use 2019 Taxes/Income
Age 24
Dependent until...
4 Easy Steps
Step 2
Step 1
Complete the FAFSA (www.studentaid.gov)
Create FSA ID (www.studentaid.gov)
Step 4
Step 3
Check your student email for info requests
(mysscok)
Accept your awards
(through FA page of SSC website)
Whadda Get?
Free Money (aka Grants)
OTAG (Ok Tuition Asst Grant)
Pell Grant
- From the Feds
- up to $6,345 for the year
- amount is based on EFC
- From the State
- up to $1,000 for the year
- amount is based on EFC and is
first come, first serve
OK Promise
SEOG Grant
- From the Feds
- up to $1,000 for the year
- amount is based on EFC and is
first come, first serve
- From the State
- pays tuition (not fees)
- had to sign up 8th-10th grade
- also have to complete FAFSA
Not Enough?
Not Free Money (aka Loans)
From the Feds | Must have a completed FAFSA | Must be enrolled at least halftime (6 hours or more)
Subsidized Student Loan
Unsubsidized Student Loan
Gov't pays your interest while you are in school at least half time
Gov't does NOT pay your interest while you are in school
Amount depends on your grade level and dependency status - up to $6,000
Amount depends on your grade level and dependency status - up to $4,500
Current interest rate is 2.75%
Parent PLUS Loan
Alternative Student Loans
ASK HOW MUCH YOU NEED... NOT HOW MUCH CAN I GET?
www.studentaid.gov
10 Most Common
FAFSA Mistakes
STRATEGY
#1
NOT DOING THE FAFSA
#1
Do they consider...
Gender
Location
Family Size
Income
Age
School
Government Benefits
#2
Using the wrong website
www. studentaid.gov
www. studentaid.edu
www. FAFSA.org
www. FAFSA.gov
#3
NOT FILLING OUT THE FAFSA AS SOON AS IT IS AVAILABLE
#3
OCTOBER 1ST OF EVERY YEAR
#4
Not submitting subsequent information needed to complete your file
#4
Watch your student email AND the email listed on your FAFSA
Did you know that ALL of your documents can be submitted online now? And some of them can even be completely done
online. Watch for those emails and follow the
instructions!
#5
Not Getting an FSA ID Before Filling Out the FAFSA
www.studentaid.gov
#5
For you AND your parents if you're dependent
Keep it in a safe place!
New IDs have to wait up to 3 days
Password recovery is up to a 48 hour wait
#6
Not Using the IRS Data Retrieval Tool
#6
Beginning with the 2018–19 FAFSA form, the information transferred from the IRS to your FAFSA form will no longer be displayed online. When your information is successfully transferred, you won’t see your tax information. Instead, the data fields will display the message “Transferred from the IRS.”
#7
Not Reading Definitions Carefully
#7
Parent
Legal Guardianship/Adoption
# of family members/in college
Investments
#8
Listing only one college or the wrong college
Pssttt... we are in Oklahoma
#9
Not signing the FAFSA
#9
#10
INCORRECT INFORMATION
#1 Social Security Number, Name, Birthday
(must match your FSA ID information)
#10
Confusing Parent and Student information
Including girlfriend/boyfriend
Answering Yes to Child question when 50% of support isn't provided
WHO ARE WE?
SSC FINANCIAL AID
Walkingstick Student Services Building
M-R: 8AM-5PM
F: 8AM - 4PM
Team
finaid@sscok.edu
405-382-9247
@SSCOKFAS
Edie
Last Name A-K
Edie Cathey
e.cathey@sscok.edu
Caitlin
Last Name L-Z
Caitlin Brown
c.brown@sscok.edu