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Transcript of FAFSA
Everything you need to know about FAFSA
What should I
know about FAFSA...
You only apply to college once, you must apply for federal financial aid every year.
It is not a scholarship application. It is the federal application that can qualify you for a specific federal financial assistance for college.
You, the student, must be a U.S. Citizen, Permanent Resident, or Refugee/Asylum to be eligible for federal aid. Parent does not need to be.
•Social Security Numbers & Cards
•Student’s alien registration or permanent resident card (if student is not a US Citizen)
•Birthdates: Month/Day/Year (parent AND student)
•Driver’s license or Colorado ID card (parent AND student; parent’s is not required, student’s is)
•2012 W-2 Forms and other records of money earned last year (parent AND student, if applicable)
•Student’s 2012 Federal Income Tax Return (if applicable)
•Parents’ 2012 Federal Income Tax Return (if you have not filed taxes yet, bring 2011 tax forms)
•2012 untaxed income records (if applicable)
Social Security benefits statement
Temporary Assistance for Needy Families (TANF)
Veterans benefits records
•Date and Year Parents were married and/or divorced
•Savings and checking account dollar amount (parent AND student, if applicable)
•Business and investment mortgage (not the home in which you and your family live) information, business and farm records, stock, bond, and other investment records (if applicable)
•FAFSA PIN numbers (parent AND student, if previously applied for)
Must have/use parent tax information unless:
You have a legal guardian
You have a child that receives half their support from you
Free Tax Prep here at Bruce Randolph in February
File taxes ASAP
IRS Data Match
Federal government needs to verify your/parent income
Using the IRS Tax information through the Data Match system to do so
Once you complete FAFSA you will have to update your information using the IRS Tax Information
Priority deadline for FAFSA is March 1st for most colleges
If your parent does not have a SSN we will use 000-00-0000 for parent SSN
Student must have
If parent has SSN, must have.
First & Last Name (SS Card)
Date of Birth
DO NOT CREATE YOUR OWN
fafsa.ORG (no app)
Institutional or Private Scholarships
Estimated Family Contribution
The index colleges use to determine your eligibility for F.A.
You are not expected to have this amount in cash but it is an amount that you could expect to contribute for your freshman year.
My parents are divorced, whose taxes do I use?
I live with my grandma, and she doesn't file taxes.
I am independent because I'm 18 and I provide for myself and my parents won't help me when I'm in college.
My parents don't file taxes.
My parents refuse to give me their taxes or SSN.
After FAFSA . . .
The process DOES NOT END at FAFSA Night. It is the first step in a process.
You will have to update your FAFSA with
3 WEEKS after you have completed taxes.
Verification from ALL colleges.
Lots of follow up....please keep me in the loop
TO BE ELIGIBLE FOR A DSF SCHOLARSHIP, YOU MUST MEET THE FOLLOWING CRITERIA:
Attend a DPS high school for four years prior to graduation.
Graduate from a DPS high school with a minimum cumulative GPA of 2.0.
Be eligible to receive federal financial aid.
Complete their DSF Scholarship application within one year of high school graduation.
TO RECEIVE A DSF SCHOLARSHIP:
Apply for 3 Scholarships
Complete the DSF Scholarship Application
Complete the final/updated FAFSA by April 1st
Complete your financial aid file by July 15
Attend a DSF Transition Workshop in May/June 2013
Update your College Choice by July 15
Enroll at least half-time
DSF Scholarship . . .
DSF Scholarship Money ($446,800) accounted for 44% of the total scholarship money for Class of 2012.
Money ($496,970) accounted for 48% of the total scholarship money for Class of 2012.
Most institutions have one scholarship application for ALL their scholarships and will match you to the ones you qualify for.
March 1st priority deadline for
Money ($85,000) accounted for 8% of the total scholarship money for Class of 2012.
February/March Scholarships are available
Come to the Future Center and look at the scholarship wall
Dept of Ed.
The Financial Aid Process