2018/19 Financial Aid High School Presentation - New Jersey Higher Education Student Assistance Authority - irvington ...

2018/19 Financial Aid
High School Presentation
  New Jersey Higher Education Student
         Assistance Authority
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                   !
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The Mission

             The Higher Education Student Assistance
             Authority is the only State agency with the
              sole mission of providing students and
                   families with the financial and
              informational resources to pursue their
                  education beyond high school.

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Goals of Financial Aid Office
          • Primary goal is to assist students in
            paying for college and is achieved by:
                – Evaluating family’s ability to pay for
                  educational costs
                – Distributing limited resources in an
                  equitable manner
                – Providing a balance of gift aid and self-
                  help aid
                – Implement federal and state regulations
                  for their college/university

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Help! Sources of Aid                         Types of Financial Aid

    • Federal                                   • Grants
    • State of New Jersey                       • Scholarships
    • The College/University                    • Loans
    • Outside Organizations                     • Employment
         – Civic organizations (ex.-local         Opportunities
             Rotary Club), parent’s
             employer, high school awards

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Net Price Calculator

     • All institutions must have a net price
       calculator posted on their websites.
     • Students will be able to estimate the
       individual net price per institution.
     • Based on full-time, first degree/certificate-
       seeking undergraduate students.

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Types of Aid - Federal
                    Gift Aid - Grants
      • Federal Government 2017/18
        – Pell ($5,920 projected award)
        – SEOG ($4,000 max award)
        – TEACH ($3,736 max award after
          10.1.17)

      Awards subject to change for 2018/19.
      !
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Types of Aid – State
    • State of New Jersey
       – TAG (Tuition Aid Grant) 2017 - 2018
          • Demonstrate Financial Need
          • Be a U.S. citizen or eligible non-citizen
          • Must be New Jersey Resident & attend a New Jersey
            Institution
          • Must be full time at an approved degree program
          • Meet all state deadlines
       – Part-Time TAG for County Colleges 2017 -2018
          • Meet all TAG requirements
          • With the exception of being enrolled for 6-11 credits

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Types of Aid – State                                   (cont.)

    • State of New Jersey

         – EOF (Educational Opportunity Fund)
               • Award ranges from $200 - $2,500 annually depending on type of institution
               • Must demonstrate educational and economically disadvantaged background
               • File FAFSA

         – Governor’s Urban Scholarship
               • Rank within the top 5% of their class at the end of junior year
               • Attain a 3.0 GPA at the end of the junior year
               • Attend an approved New Jersey college or University and reside in a
                 designated community
               • Have a New Jersey Eligibility Index below 10,500

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Types of Aid – State                                          (cont.)
•       State Scholarships
        – NJ STARS
              • NJ residents who rank in the top 15% of their class at either the end of junior or senior year
              • Achieve the required score on a college placement test to determine college readiness
              • Students must take at least 12 college credits
              • Students must attain a cumulative GPA of 3.0 or higher at the start of the third semester at
                the county college to remain an NJ STAR
              • Must file a Free Application for Federal Student Aid (FAFSA)
        – NJ STARS II
              • Received NJSTARS funding and have a family taxable income of less than $250,000
              • Must earn an associates degree and graduate with a 3.25 GPA or higher
              • May receive up to $2,500 annually for a public or private 4-year NJ college or university
              • Must enroll full time (12 credit hours)
              • Must file a Free Application for Federal Student Aid (FAFSA)

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Types of Aid – State                        (cont.)
• State Scholarships
     – Governor’s Industry Vocation Scholarship for Women & Minorities (NJ -
       GIVS)
        • Up to $2,000 per year for the cost of enrollment at one of New Jersey’s
          19 County Colleges, Technical / Vocational Schools, some Proprietary
          Schools
        • Benefits women and minorities pursuing certificate or degree programs
          in construction – related fields
        • Must be NJ resident
        • Must file a FAFSA & complete separate application online at
          www.njgrants.org
        • Some of the programs eligible for the scholarship include
                o Construction Supervision
                o Solar Energy Technology
                o Architectural Engineering Technology

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Self Help Loans & Gap Shortfall
                                       Solutions
     • Monthly Payment Plans – offered by the college
     • Federal Perkins Loan up to $5,500 (5% interest rate)
     • Federal Direct Loan Program (1st year dependent student)
          – Subsidized Stafford Loan $3,500 need based
          – Unsubsidized Stafford Loan $2,000 additional
     • 2017 - 2018 - Federal Direct Undergraduate Direct Loans are
       4.45% plus a 1.066% origination fee

     2018 – 2019 Rates and fees are subject to change

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Self Help Loans to Cover the Gap
                            borrow up to cost of attendance
     2017 -2018 - NJCLASS Supplemental Loan Program
     • 10 Year Fixed Rate NJCLASS LOAN, starting at 4.48% / 5.52% APR
        This option has 3% origination fee
     • 15 Year Fixed Rate NJCLASS LOAN is 5.19% / 6.10% APR
        This option is also a 3% origination fee and students / families can borrow
        up to the cost of attendance. Interest only payments while in school
        available for this repayment plan
     • 20 Year Fixed Rate NJCLASS LOAN is 7.15% / 8.23% APR
       This option has 3% origination fee
     • Federal PLUS Program (7% & 4.264% Origination fee for loans disbursed
        after 10-1-17)
        Parent is the borrower

     2018 – 2019 Rates and fees are subject to change

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Institutional &
                          Private Scholarships
         • Factors that may influence eligibility:
                  Academics                                 Athletic Ability*
                  SAT’s                                     Geographic Diversity
                  AP Courses                                Legacy (child of alumni)
                  Activities                                Talent
                  Academic Track                            Gender/Ethnicity
                  H.S. Attended                             Class Rank

         * "Athletic awards offered by NCAA Division I and Division II schools only.

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Applications to Access Aid
                          r g/pr ofile
                e boa rd.o                      fafsa.e
      nt.c olleg                                          d.gov
stude

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Application: CSS Profile
     • Nearly 400 Colleges and Organizations use the CSS
       profile to determine how they will award institutional
       funds
     • Available 10/1 each year and collects more
       comprehensive income, asset and household
       information than the FAFSA (i.e. assets for business
       owners regardless of number of employees
     • Aligns with the FAFSA’s use of prior prior year income
       (currently 2016)

     Register - Complete Application – Make payment - Submit

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CSS Profile
     • Website to apply for profile
         www.student.collegeboard.org/profile

     • Website to apply for Noncustodial Profile:
         www.ncprofile.collegeboard.org

                                    Customer Service
                                      305-829-9793
                                   help@cssprofile.org

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Early FAFSA
     • On September 13, 2015 , the U.S. Department of
       Education’s FAFSA team announced a change in
       how and when students complete the Free
       Application for Federal Student Aid (FAFSA)
     • Families will begin to complete the FAFSA on
       October 1st using income information from two
       years prior
     • This change is known as Prior Prior Year (PPY)
     • The change more closely aligns the financial aid
       application with the admission application process

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Application: FAFSA
     • 2018-2019 FAFSA available October 1, 2017
     • FAFSA will use prior prior year income information
       (20l6)
     • IRS Data Retrieval Tool can be used immediately
          – All prior prior year tax information (2016) is already filed,
            allowing immediate retrieval.

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Notification of Which Tax Year to Use
     Applicants and parents will be instructed to provide
         financial information from their 2016 tax return

                                                                2016"
                                                2016"

                      2016"
                                                        2016"

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Message about Tax Completion

                         2016

                         2016

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Application: FAFSA
     • Submit the Free Application for Federal Student
       Aid (FAFSA) prior to the earliest school’s
       deadline & complete the NJ State Specific
       Questions
     • To ensure maximum consideration for federal,
       state, and institutional aid, check information
       from each school to determine:
          – Required application materials
          – Application deadlines

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Free Application for Federal
                       Student Aid (FAFSA)
     • Collects family’s personal and financial information used to
       calculate the student’s Expected Family Contribution
     • File the FAFSA electronically
         –   FAFSA on the Web at www.fafsa.ed.gov

         –   Student & Parent must create a Federal Student Aid ID
             (FSA ID) at fsaid.ed.gov
     • Use the IRS Data Retrieval Tool to populate income & tax
       information with actual prior prior year tax information
       (currently 2016)

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IRS Data Retrieval Tool
     • The IRS data retrieval tool or (DRT) is used to
       transfer tax return information into the FAFSA
     • The DRT will be available beginning October 1st
       to support early FAFSA
     • Tax filers who file Married filing separately,
       amended tax returns, and foreign tax returns
       cannot use DRT

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What is a Federal Student Aid
                              (FSA) ID?

     • In order to enhance security, FAFSA has created a user
       name and password login at www.fsaid.ed.gov

     • Password resets, retrieval of User ID's and passwords
       can be accomplished at www.fsaid.ed.gov
         ! PIN number is not necessary to create a FSA ID

     • If you are a parent of a dependent student, you will
       need your own FSA ID

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General Highlighted Eligibility
                                     Requirements
     • Must have a valid Social Security Number
     • Must be enrolled or accepted for enrollment in
       an eligible program of study
     • Must be pursuing a degree, certificate, or
       other recognized credential
     • Must be a U.S. citizen or eligible noncitizen
     • Must be registered with Selective Service
       (males are required)

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Key Components of
                                            the FAFSA
          •   Student Demographics
               – Last Name
               – Social Security Number
               – Date of Birth
               – NJ applicants must provide an answer to the driver’s license
                 questions.
               – ALL applicants must indicate their gender.
          •   Student Income and Assets
               – IRS Data Retrieval
               – Income earned from work
          •   Student Status: Dependent/Independent
          •   Parent Demographics-Who is a Parent?
               – Social Security Number
               – Last Name
               – Date of Birth

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Key Components of
                                         the FAFSA (cont.)
     •   Household Size
          – Number in college
     •   Parent(s) Income and Assets
          – IRS Data Retrieval
          – Income earned from work
          – Dislocated Worker
     •   Federal Means Tested Benefits
          – Medicaid, SSI, SNAP, Free or Reduced Price School Lunch, TANF, WIC
          – List all colleges of interest (up to 10)
     •   Once submitted, use the link from the FAFSA confirmation page to HESAA’s NJFAMS
         portal to complete the additional data elements for Tuition Aid Grant (TAG) and NJ
         STARS (II) eligibility.
          – Applicants who bypass answering the State questions, should log into NJFAMS to create
            a user ID and password to check and complete any outstanding items on their “To Do” list

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Common Mistakes Made
                                       on the FAFSA
          •    Student’s name as it appears on the social
               security card, social security number, and
               date of birth.
          •    Parent section vs. Student section
          •    Number of people in the household
          •    Divorced/remarried households
          •    Taxes paid vs. taxes withheld
          •    Parental and student assets
               – “Zero” is a number
          •    College grade level
          •    Skipping the gender question

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How To Be Considered for State Aid

•    Complete the FAFSA by established State deadlines
•    Once you submit the FAFSA, NJ residents will be given the option to link
     to the Higher Education Student Assistance Authority’s NJFAMS portal to
     respond to additional questions to be considered for TAG, NJ STARS, NJ
     STARS II and other state programs.
•    Click the link and complete the additional New Jersey State questions. If
     questions not answered, student may log into “https://njfams.hesaa.org”
     to complete the additional questions for state aid
•    Students MUST log in to NJFAMS to check the status of their NJ State
     Grant
      ‒ It is highly recommended to use a personal email address: all correspondence will
        go to the email address listed on the FAFSA

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Click to Apply for State Aid

                 2018-2019

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NJFAMS
         • All students must have a HESAA NJFAMS userid and password
            to access the portal on “https://njfams.hesaa.org” to:

               • View their eligibility for state grants and scholarship programs
               • Receive notification about possible State verification requirements

         • Students should visit njgrants.org to:

               •   Learn about New Jersey grants and scholarships
               •   Utilize the NJ TAG Estimator
               •   Upload requested documentation through our electronic document collection
                   portal

         • Students should always check their award status online before
            calling HESAA’s customer care line.

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Cost of Attendance
          • Tuition and fees
          • Room and board
          • Books and supplies, equipment, transportation,
            and miscellaneous personal expenses
          • Loan fees
          • Study abroad costs
          • Dependent care expenses
          • Expenses related to a disability
          • Expenses for cooperative education program

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Unexpected Costs
     • Remediation Classes: extra 1 – 2 semesters
     • Change in major: 1 – 2 years in addition
     • Transferring: possible extra semester
     • Unpaid internships: loss of Summer wages
     • Study Abroad, Spring break, trips home and
       pledging costs
     • Moving expenses and Summer storage

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What Is The Expected
                                 Family Contribution (EFC)?
        • Basis of financial aid package
        • EFC is determined by a federal formula that
          calculates need using the information you
          supplied on the FAFSA
        • EFC & Financial Need are guidelines used by
          schools to determine an aid package
        • EFC is not necessarily equal to a family’s
          out-of-pocket costs

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Sample EFC for Smith Family
     • Family lives in New Jersey
     • Married parents, both age 52
     • Household size of 4 with 1 child going to
       college
     • 2015 adjusted gross income = $120,000
     • Assets = $20,000
     • Student income / assets = 0
                              EFC = $20,830
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Financial Need for Smith Family
                                                   State       Private
                                 Community
           College                               College or   College or
                                  College
                                                 University   University

               COA                      $5,860     $25,561      $45,676

                EFC                    $20,830     $20,830      $20,830

        Financial Need                      0      $4,731       $24,846

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Shopping Sheet                            You may see the
•        The Shopping Sheet standardizes award letters,            Shopping Sheet
         making it easier to comparison shop and provide
         students with key information including:
          – How much one year of school will cost.
          – Financial aid options to pay this cost, with a clear
             differentiation between grants and scholarships,
             which do not have to be repaid, and loans, which
             do.
          – The net costs after grants and scholarships are
             taken into account.
          – Fundamental information about student results,
             including information comparing default rates,
             graduation rates, and median debt levels for the
             school.
          – Potential monthly payments for the federal
             student loans the typical student would owe after
             graduation.

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CAUTION!
         • Please, avoid being charged a fee to
           file the FAFSA
               – Completing and processing the
                 FAFSA is FREE
               – If filing FAFSA on the Web, make sure
                 you go directly to: www.fafsa.gov
               – Contact the financial aid office or HESAA
                 at 609-584-4480 if you need help in
                 completing the FAFSA

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The Cycle of Financial Aid
     Oct - March - Complete FAFSA application,
     college search, college application process,
     and CSS Profile

     February - May - Schools send award letters

     June -July - School sends Fall Semester bill

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Where Do I Go From
                                         Here?
     • Obtain and review admission, financial aid materials and
       deadlines from each school to which you are applying
     • Meet all application deadlines
         – CSS Profile if applicable
         – Complete the FAFSA and any other application
           materials required by the school or your state
           agency - NJ State deadlines are:
              • TAG Renewal Students – April 15, 2018 preceding the
                academic year for which aid is requested
              • All Other Applicants – September 15, 2018 for Fall and Spring
                term awards; February 15, 2019 for Spring awards only

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Other Resources
                    • Outside Scholarships
                    • Campus Administered Payment
                      Plans
                    • Campus Employment
                    • Specialized Campus Opportunities
                      ! Residential Advisors
                       ! Student Ambassadors
                       ! Student Tour Guides
                       ! Internships/CO-OP’S

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Training Institute for School
                     Counselors
     • General Session – Financial aid updates on
       federal & State aid
     • Back to Basics – Designed to provide secondary
       school counselors with an overview of how to
       help their students & parents complete the
       FAFSA application
     • Case Study Analysis – Real – life financial aid
       scenarios for secondary school counselors with
       5 plus years of experience

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Private Scholarship Search
     •   Institution/college web sites
     •   Local library resources
     •   Local businesses, civic organizations and churches
     •   Parent’s employer(s)
     •   www.hesaa.org
     •   www.fastweb.com
     •   www.collegeboard.org
     •   www.mappingyourfuture.org

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Financial Literacy & Financial
             Aid Resources

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NJBEST
                                       College Savings Plan
     • NJBEST is the only 529 Savings Plan to award a
       scholarship ranging from $500-$1,500
     • Funding for NJBEST scholarships comes from
       HESAA
     • Earnings on the NJBEST Plan are tax free when
       used to pay for the qualified higher education
       expenses of an NJBEST beneficiary
     • Limit how much can be contributed annually

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HESAA Services
                      • Web Sites
                            www.hesaa.org
                            www.njgrants.org
                            www.njclass.org
                            https://njfams.hesaa.org
                      • Customer Care Line
                                609-584-4480
                      • NJBEST
                      • MappingYourFuture.org

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Questions?

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Thank you

Higher Education Student Assistance Authority

2018- 2019
     Presentación
de la Ayuda Financiera
  para High School
 New Jersey Higher Education Student
         Assistance Authority
                  !
                  !
                  !

La Misión

                 Higher Education Student Assistance
               Authority es la único agencia estatal con
               la misión de proveer a los estudiantes y
                familiares los recursos e información
                 financeira para lograr una educación
                                superior

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Objetivos de la Oficina de Ayuda
                                        Financiera
          • El principal objetivo es asistir al estudiante
            para pagar su universidad
                – Evaluar la capacidad de la familia para pagar
                  costos educativos
                – Distribuir los recursos limitados de manera
                  equitativa
                – Proveer un balance entre ayudas gratuitas y
                  otras ayudas a pagar
                – Implementar regulaciones estatales y
                  federales para los colegios y universidades

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Clases de Recursos                                  Tipos de Ayudas
    •   Federal                                         • Ayudas Gratuitas (Grants)
    •   Estatal (State of New Jersey)
                                                        • Becas (Scholarships)
    •   Colegios y universidades
                                                        • Préstamos (Loans)
    •   Organizaciones civiles y religiosas
    •   Instituciones                                   • Oportunidades Empleo
         –   Premios del colegio, ayuda por parte del     (Work Study)
             empleador de los padres, clubs etc..

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Calcular el Precio Neto

               • Todas&las&ins*tuciones&deben&tener&un&
                 precio&neto&publicado&en&sus&si*os&web
               • Los&estudiantes&podrán&es*mar&el&precio&
                 neto&individual&por&ins*tución
               • Basado&en&*empo&completo,&de&primer&
                 grado/cer*ficado&de&los&estudiantes&
                 universitarios

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Clases de Ayudas Federales
                Ayudas Gratuitas - Grants
      • Ayudas del Govierno Federal 2017/18
        – Pell ($5,920 (valor proyectado)
        – SEOG ($4,000 max valor de ayuda)
        – TEACH ($3,736 max valor de ayuda)
      Las ayudas son sujetas a cambios para el año
      académico 2018-2019
      !

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Clases de Ayudas Estatales
    • Estado de New Jersey
       – TAG (Tuition Aid Grant) 2017 – 2018
          • Demostrar necesidad financiera
          • Ser residente legal o ciudadano
          • Debe ser residente del Estado de New Jersey y asistir a colegios /
            universidades en New Jersey
          • Debe estar registrado en clases como tiempo completo en un
            programa aprovado
          • Responder todos los requerimientos estatales a tiempo
       – Medio-Tiempo TAG para County Colleges 2017 - 2018
          • Responder todos los requerimientos estatales a tiempo
          • Medio tiempo comprende de 6-11 creditos

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Clases de Ayudas Estatales (cont.)
    • Estado de New Jersey

         – EOF (Educational Opportunity Fund)
               • Ayuda entre $200 - $2,500 al año dependiendo del tipo de institución
               • Debe demostrar gran necesidad educacional y económica
               • Llenar el formulario Federal FAFSA

         – Governor’s Urban Scholarship
               • Estar en el 5% de los mejores de su clase al final del tercer año (junior)
               • Obterner un promedio de 3.0 GPA al final del tercer año (junior)
               • Asistir a un colegio/universidad en New Jersey y residir en la comunidad designada
               • Tener un indice de elegibilidad de New Jersey inferior a 10,500

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Clases de Ayudas Estatales (cont.)
•       Becas Estatales
         – NJ STARS
              • El estudiante debe vivir en New Jersey y estar dentro del 15% mejores en su clase al final del
                tercer o cuarto año
              • Lograr el puntaje requerido en un examen de nivel universitario para determinar su nivel
                académico
              • Los estudiantes deben tomar un mínimo de 12 créditos
              • Para seguir siendo elegible, los estudiantes deben obtener un GPA acumulado de 3.0 o más en el
                comienzo del tercer semestre en la universidad del condado (county college)
              • Debe llenar el formulario Federal (FAFSA)
         – NJ STARS II
              • Haber recibido fondos por NJSTARS y tener un ingreso familiar menor de $250,000
              • Haber recibido el grado de Asociado con un promedio igual o mayor a 3.25 GPA
              • Puede recibir hasta $2,500 al año para una universidad pública o privada en New Jersey (4 años)
              • Debe estar registrado como estudiante de tiempo completo (12 créditos)
              • Debe llenar el formulario Federal (FAFSA)

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Clases de Ayudas Statales (cont.)
• Becas Estatales
     – Governor’s Industry Vocation Scholarship for Women & Minorities (NJ - GIVS)
       Beca industrial y vocacional para mujeres y minorías
        • Hasta $2,000 por año por el costo de la inscripción en uno de los 19 colegios
          del condado de New Jersey
        • Beneficia a mujeres y minorías que siguen programas de certificado o de
          grado en construcción o areas relacionadas
        • Debe residir en New Jersey
          • Debe llenar el formulario FAFSA y completar la aplicación online
            www.njgrants.org
          • Algunos de los programas elegibles para la beca incluyen:
                o Supervisor de la Construcción
                o Tecnología de Energía Solar
                o Tecnología Ingeniería Arquitectónica

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Ayúdese con Préstamos

     • Programa de Pagos ofrecidos por la universidad
     • Federal Perkins Loan hasta $5,500 (5% interés)
     • Federal Direct Loan Program (1er año estudiante dependiente)
          – Subsidized Stafford Loan $3,500 basado en la necesidad
          – Unsubsidized Stafford Loan $2,000 préstamo adicional
     • 2017 - 2018 - Federal Direct Undergraduate Direct Loans es 4.45%
       más 1.066% por comisión de apertura

     2018– 2019 Intereses y comisiones están sujetos a cambios

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Ayúdese con Préstamos
                                         para pagar su matrícula
     2017 -2018 - NJCLASS Loan Programa de préstamo adicional
     • 10&Años&Tasa&Fija,&con&un&interés&a&par*r&de&4,48%&/&5,52%&&APR&
       Esta&opción&*ene&comisión&de&apertura&del&3%&
     • 15&Años&Tasa&Fija,&con&un&interés&&a&par*r&de&&5,19%&/&6,10%&&APR&
       Esta&opción&*ene&una&comisión&de&apertura&del&3%&&los&estudiantes&/&familias&
       pueden&tomar&prestado&hasta&el&costo&de&asistencia.&Tiene&la&opción&de&pagar&
       solo&interés&mientras&que&este&registrado&en&la&escuela&
     • 20&Años&Tasa&Fija&con&un&interés&a&par*r&de&7,15%&/&8,23%&&APR&
       &&&&&&Esta&opción&*ene&comisión&de&apertura&del&3%&
     • Programa&Federal&PLUS&(7%&y&4.262%&Costo&de&iniciación)&
       Padre&es&el&prestatario&
       &
       2018&Z&2019&Los&precios&y&tarifas&están&sujetos&a&posibles&cambios&
         &

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Becas Institucionales
                                y Privadas

         • Factores que pueden influir en su
           elegibilidad:
                  Académicas!                       Abilidad Atlética!
                   Exámenes SAT&                    Diversidad Geográfica&
                  Cursos avanzados              &   Asistencia en clases&
                  Activitidades &                   Talento
                  Nivel Académico&                  Sexo / Raza&

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Aplicaciones para acceder a la
                               Ayuda Financiera
                          r g/pr ofile
                e boa rd.o                      fafsa.e
      nt.c olleg                                          d.gov
stude

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Aplicación: Busqueda de becas
                                   CSS = College Scholarships Search

     • Cerca de 400 universidades y organizaciones utilizan la CSS
       para determinar la forma en que otorgará fondos
       institucionales
     • Disponible cada año el primero de Octubre, recopila
       información sobre los ingresos, activos, e información
       familiar. Esta aplicación es más específica que la FAFSA
     • Se!alinea!con!el!uso!de!la!FAFSA!de!los!ingresos!anteriores!
       del!año!anterior!(actualmente!2016)

     Regístrese, complete la aplicación, pague, y sométala!

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CSS Perfiles
     • Website para aplicar
         www.student.collegeboard.org/profile

     • Website&para&solicitar&perfil&sin&la&Custodia:
         www.ncprofile.collegeboard.org

                                    Servicio al Cliente
                                      305-829-9793
                                   help@cssprofile.org

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FAFSA&Temprana&
     • El 13 de septiembre de 2015, el Deparatamento de
       Educación de USA y FAFSA anunciarón un cambio en cómo
       y cuándo los estudiantes completan la Solicitud Gratuita de
       Ayuda Federal para Estudiantes (FAFSA)
     • Las familias comenzarán a completar la FAFSA el 1 de
       Octubre usando la información de ingresos de los dos años
       anteriores
     • Este cambio se conoce como año anterior anterior (PPY)
     • El cambio facilita más de cerca la aplicación de ayuda
       financiera con la solicitud de admisión
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Aplicación: FAFSA
     • 2018-2019 FAFSA disponible en October 1, 2017
     • FAFSA usará la información del income tax del año
       2016
     • La&herramienta&de&recuperación&de&datos&del&IRS&
       (DRT)&se&puede&u*lizar&inmediatamente
          – Toda&la&información&de&impuestos&del&año&anterior&(2016)&
            que&ya&presentó,&&permite&la&recuperación&inmediata

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Que&Income&Tax&debe&usar&
       Debe&proveer&información&financiera&del&2016&

                                                                2016"
                                                2016"

                                                        2016"

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Mensaje&“Completó&su&Income&Tax?”&

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Aplicación: FAFSA
     • Presentar la Solicitud Gratuita de Ayuda Federal para
       Estudiantes (FAFSA) antes de la fechas límites
     • Completar las preguntas adicionales del Estado New
       Jersey
     • Para garantizar la máxima consideración por las leyes
       federales, estatales, y la ayuda institucional, verifique la
       información de cada escuela para determinar:
          – Documentos requeridos
          – Fechas límites

Higher Education Student Assistance Authority

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Aplicación Federal Gratuita (FAFSA)
     • Recopila información personal y financiera de la familia
       utilizándola para calcular la contribución familiar esperada
     • Llene el formulario Federal FAFSA electrónicamente

         –   FAFSA en el Web www.fafsa.gov

         –   Padres y estudiantes deben crear su ID Federal (FSA ID) en
             fsaid.ed.gov
     • Utilice la herramienta de recuperación de datos IRS para
       llenar la información de ingresos y de impuestos del año
       anterior (2016)

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IRS!Data!Retrieval!Tool!DRT!
     Herramienta!de!Recuperació!de!Datos&
     • La&herramienta&de&recuperación&de&datos&del&
       IRS&(DRT)&es&usada&para&transferir&información&
       de&su&declaració&de&impuestos&al&FAFSA
     • LA&DTR&estará&disponible&el&1&de&Octubre&para&
       ayudar&en&su&aplicación&temprana&de&su&FAFSA&
     • Los&con*rbuyentes&que&llenen&la&declaración&
       de&impuestos&como&casado/separado,&la&
       corrijan&,o&sean&declaraciones&de&paises&
       exaranjeros&no&prodrán&usar&el&&DRT&
Higher Education Student Assistance Authority

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FSA ID= Federal Student Aid ID?
     • Con el fin de mejorar la seguridad, FAFSA ha reemplazado el
       número PIN con la FSA ID regístrese WWW.FSAID.ED.GOV
     • Restablezca su contraseña, recupere su ID de usuario, se
       puede registrar en WWW.SFAID.ED GOV
     • Si usted es un padre de un estudiante dependiente,
       necesitará su propio FSA ID

Higher Education Student Assistance Authority

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Requisitos Generales para ser
                                         Elegible
     • Debe&tener&un&número&de&Seguro&Social&válido&&
     • Debe&estar&matriculado&o&aceptado&en&un&
       programa&aprobado&&
     • Perseguir&obtener&un&htulo,&cer*ficado&u&otra&
       credencial&reconocida&
     • Debe&ser&ciudadano&de&EE.UU.&o&residente&legal
     • Deben&estar&registrados&en&el&Servicio&Selec*vo?&
       (Es&obligatorio&para&los&hombres)

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Componentes del FAFSA
          •   Información del estudiante
               – Nombre y apellido
               – Nùmero de Seguro Social
               – Fecha de Nacimiento
               – Los aplicantes del Estado de NJ deben contestar las preguntas
                  referentes a la licencia para manejar
               – Todos los aplicantes deben indicar su género
          •   Ingresos&y&Ac*vos&del&Estudiante
               – Recuperación&de&datos&IRS&(IRS Data Retrieval)
               – Ingresos obtenidos del trabajo
          •   Estado del estudiante: Dependiente o Independiente
          •   Información del padre – Quien es el padre?
               – Nombre y apellido
               – Nùmero de Seguro Social
               – Fecha de Nacimiento

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Componentes del FAFSA (cont.)
     •    Miembros de la familia
           – Número de miembros de la familia en la universidad
     •    Padre (s) Ingresos y Activos
           – Recuperación de datos IRS (IRS Data Retrieval)
           – Los ingresos obtenidos del trabajo
           – Padre desempleado
     •    Beneficios Federales
           – Medicaid, SSI, SNAP, Alimento gratuito o precio reducido, TANF, WIC
     •    Seleccione su Colegio
           – Seleccione como primera opción una universidad del estado de New Jersey
           – Puede seleccionar hasta 10 universidades
     •   Una vez presentada, utilice el enlace de la página de confirmación de FAFSA para la página web
         de HESAA con el fin de completar las preguntas adicionales para las ayudas Estatales como
         Tuition Aid Grant (TAG) y NJ STARS (II)
           – Los&solicitantes&que&no&respondieron&las&preguntas&del&Estado,&deben&acceder&al&
               www.njgrants.org&y&log&in&en&NJFAMS;&deben&crear&un&ID&de&usuario&y&contraseña&para&
               responder&las&preguntas&específicas&del&Estado

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Errores Comunes en el FAFSA
          • Nombre del estudiante, número de seguro social,
            fecha de nacimiento
          • Sección de los padres vs Sección del studiente
          •     Número de miembros en el hogar
          •     Divorciados /vueltos a casar
          •     Impuestos pagados contra impuestos retenidos
          •     Los activos de los padres y de los estudiantes
               – "Cero" es un número
          • Nivel universitario
          • No saltarse la pregunta de género

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Cómo!ser!considerados!para!las!ayudas!
                                      estatales!
•    Llene el formulario FAFSA en los plazos establecidos
•    Asegúrese de incluir una universidad de New Jersey como su primera opción en la
     FAFSA
•    Una vez sometida la información en el FAFSA, a los residentes de Nueva Jersey se les
     dará la opción de responder las preguntas adicionales en la página web de Higher
     Education Student Assistance Authority para ser considerados para los programas
     estatales como TAG, NJ STARS, NJ STARS II, y otros
•    Si no pudo contestar las preguntas al someter el FAFSA, puede ir al website del estado
     “njgrants.org”
•    HESAA le notificará sobre el estado de su solicitud por email
•    Es&recomendable&u*lizar&una&dirección&de&correo&electrónico&personal,&&toda&la&
     correspondencia&será&enviada&a&la&dirección&de&correo&electrónico&que&aparece&en&la&
     FAFSA

Higher Education Student Assistance Authority

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Haga Click para Aplicar para la
                                     Ayuda Estatal

                 2017-2018

Higher Education Student Assistance Authority

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NJFAMS&
         • Todos&los&estudientes&deben&tener&&HESAA&NJFAMS&&id&de&usuario&y&
            contraseña&para&acceder&a&su&cuenta&en&&“hnps://njfams.hesaa.org”&
            para:&

               • Verificar&su&elegibilidad&para&las&ayudas&gratuitas&de&TAG&&y&&becas&
               • Recivir&no*ficaciones&de&posibles&requerimientos&estatales&

         • El&estudiente&debe&visitar&njgrants.org&para:&

               •   Conocer&las&ayudas&gartuitas&(TAG&y&Becas)&&del&&Estado&de&New&Jersey&&
               •   U*lizar&el&calculador&para&su&NJTAG&
               •   Someter&documentos&electrónicamente&atravez&de&nuestro&web&&
               &
               &
         • Los&estudientes&deben&revisar&su&inofrmación&en&nuestro&web&antes&de&
            llamar&a&&HESAA&&

Higher Education Student Assistance Authority

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Costos de Educación
          • Matrícula&y&gastos&administra*vos
          • Alojamiento&y&comida
          • Libros&y&suministros,&equipo,&transporte&y&gastos&
            personales&varios&
          • Gastos&por&préstamos
          • Costos de educación en el extrangero
          • Gastos&relacionados&con&una&discapacidad&
          • Gastos&para&el&programa&de&educación&
            coopera*va

Higher Education Student Assistance Authority

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Costos Inesperados
     • Habilitar clases: extra 1 – 2 semestres
     • Cambio de carrera: 1 – 2 Años adicionales
     • Transferirse: posible extra semestre
     • Prácticas no remuneradas
     • Estudios en el Extranjero, vacaciones de
       primavera, viajes a casa
     • Los gastos de mudanza y almacenamiento de
       verano
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Que es Contribución Familiar Esperada
                            Expected Family Contribution (EFC)?

        • Es la base del paquete financiero, es el valor que
          la familia puede pagar
        • EFC se determina mediante una fórmula federal
          que calcula la necesidad utilizando la
          información que proporciona en la FAFSA
        • EFC y necesidad financiera son utilizadas por las
          escuelas para determinar el paquete financiero

Higher Education Student Assistance Authority

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Ejemplo EFC para la Familia
     • La familia vive en New Jersey
     • Los padres están casados, los dos tienen 52 años
     • La familia está compuesta por 4 miembros y uno
       va a la universidad
     • El ingreso del 2015 fué de $120,000
     • Activos $20,000
     • Los ingresos del estudiante es $0
                                  EFC = $20,830

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Necesidad Financiera para la
                                     Familia Smith
                                                                 Private!
                                   Community!! State!College!
             College!                                           College!or!
                                     College!  or!University!
                                                                University!

                COA!                    $5,860&    $25,561&       $45,676&

                EFC!                   $20,830&    $20,830&       $20,830&

         Financial!Need!                    0&      $4,731&       $24,846&

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Lista de compras                     You&may&see&the&Shopping&
                                                                        Sheet&
•        Facilita al estudiante comparar precios e
         información clave como:

          – Costo educación anual
          – Opciones de ayuda financiera para pagar este
            costo, con una clara diferenciación entre las
            ayudas gratuitas (grants) y becas (no tienen que
            pagar) y los préstamos, (tiene que pagar)
          – Proyectar pagos mensuales para los préstamos
            estudiantiles federales que el estudiante debe
            pagar después de graduase o retirarse de clases

    Higher Education Student Assistance Authority

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Cuidado!
         • No pague por la aplicación FAFSA
               – El proceso de completarla y procesarla es
                 compleatamente GRATIS
               – Si llena el FAFSA en el Web, asegúrese de ir
                 directamente al: www.fafsa.gov
               – Si necesita ayuda para completar su FAFSA,
                 contacte la oficina para la ayuda financiera
                 de su universidad/colegio o HESAA al
                 609-584-4480

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Ciclo de la Ayuda Financiera
     Octubre - Marzo – Complete su aplicación FAFSA.
       Busqueda de universidades, proceso de
       solicitudes, y busqueda de becas
     Febrero - Mayo - Escuelas envían cartas de
       elegibilidad
     Junio - Julio - Escuelas envían facturas
       correspondientes al semestre de otoño

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&&&&&&A donde voy ahora?
      • Obtener y revisar las admisiones, materiales de ayuda financiera y
        los plazos de cada escuela a la que usted está aplicando
      • Conocer las fechas límites para aplicar
            – CSS Si es el caso
            – Completa la FAFSA y cualquier otro material de aplicación
              requeridos por la escuela o su agencia estatal – Las fechas
              límites para aplicar para el Estado de New Jersey son:
                 • TAG Renovación Estudiantes – Abril 15, anteriores al año
                   académico para el cual se solicita la ayuda
                 • Todos los demás solicitantes – Septiembre 15 para otoño y
                   primavera y Febrero 15 para primavera

Higher Education Student Assistance Authority

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Otros Recursos
                    • Becas externas
                    • Programas de pago por parte de la
                      universidad
                    • Oportunidades laborales en la
                      universidad
                      ! Acesor residencial
                       ! Embajador estudiantil
                       ! Guia turístico
                       ! Prácticas laborales (Internships/CO-OP’S)

Higher Education Student Assistance Authority

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Investigar por Becas
     •   Institución/colegio web sites
     •   Biblioteca Local
     •   Empresariales, organizaciones cívicas y grupos religiosos
     •   Empresa donde trabajan los padres
     •   www.hesaa.org
     •   www.fastweb.com
     •   www.collegeboard.org
     •   www.mappingyourfuture.org

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NJBEST
                                  Plan de ahorro universidad

     • NJBEST es el único Plan de Ahorros 529 para otorgar
       becas que van desde $500 a $1.500
     • La financiación de becas NJBEST proviene de HESAA
     • Las ganancias en el Plan NJBEST son libres de
       impuestos cuando se utiliza para pagar los gastos de
       educación superior de un beneficiario NJBEST
     • Limita la cantidad que puede contribuir anualmente

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Servicios HESAA
                      • Web Sites
                            www.hesaa.org
                            www.njgrants.org
                            www.njclass.org
                      • Customer Care Line
                                609-584-4480
                      • NJBEST
                      • MappingYourFuture.org

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Preguntas?

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Gracias

Higher Education Student Assistance Authority