Paying for College Practical advice to navigate the financial aid - - PowerPoint PPT Presentation
Paying for College: 2020-2021 October 2019 Paying for College Practical advice to navigate the financial aid process 2020-2021 Jeff Olson Minnesota Office of Higher Education, Outreach Team since 2010 Bethel University, Director of Financial
Paying for College: 2020-2021
October 2019
Jeff Olson Minnesota Office of Higher Education, Outreach Team since 2010 Bethel University, Director of Financial Aid since 2005
Paying for College: 2020-2021
October 2019
2.
Is postsecondary education worth the investment?
3.
How will I pay for college?
4.
What is financial aid?
5.
How do I apply for financial aid?
6.
Where can I find answers to more questions?
7.
Questions
Paying for College: 2020-2021
October 2019
Degree-granting and eligible for federal financial aid programs
SOURCE: U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS), Fall 2015, Institutional Characteristics component. (This table was prepared November 2016.) Table 317.20 Degree-granting postsecondary institutions, by control and classification of institution and state or jurisdiction: 2015-16, retrieved October 15, 2017 from https://nces.ed.gov/programs/digest/d16/tables/dt16_317.20.asp?current=yes. Fall 2016 enrollment retrieved from https://nces.ed.gov/collegenavigator on October 15, 2017.
Type of Institution
4-Year Public 2-Year Public 4-Year Private Nonprofit 2-Year Private Nonprofit 4-Year Private For-profit 2-Year Private For-profit Total
# of Schools (2015-2016) Type of Institution U.S. Minnesota
4-Year Public 710 12 2-Year Public 910 31 4-Year Private Nonprofit 1,594 35 2-Year Private Nonprofit 107 1 4-Year Private For-profit 562 34 2-Year Private For-profit 700 2 Total
4,583 115 # of Schools (2015-2016) Minnesota Examples with Fall 2016 Undergraduate Enrollment Type of Institution U.S. Minnesota
4-Year Public 710 12 University of Minnesota-Twin Cities 34,870 2-Year Public 910 31 Minneapolis Community and Technical College 7,982 4-Year Private Nonprofit 1,594 35 University of St Thomas 6,048 2-Year Private Nonprofit 107 1 White Earth Tribal and Community College 77 4-Year Private For-profit 562 34 Capella University 9,393 2-Year Private For-profit 700 2 Le Cordon Bleu College of Culinary Arts 156 Total
4,583 115
Paying for College: 2020-2021
October 2019
Paying for College: 2020-2021
October 2019
$9,021 $8,366 $9,335 $8,182 $7,081
$3,201 $3,219 $1,510 $3,575 $2,031
$33,571 $16,334 $13,017 $8,484 $5,413 $45,793 $27,919 $23,862 $20,241 $14,525 $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000
Private 4-Yr, non- profit: on-campus U of MN Twin Cities: on-campus Private for-profit:
State University (4yr): on campus State College (2 yr): off-campus
Tuition & Fees Books & Other expenses Room & Board
SOURCE (retrieved 09/24/2018): www.ohe.state.mn.us/mPg.cfm?pageID=94
Paying for College: 2020-2021
October 2019
SOURCE: MN Office of Higher Education, Minnesota Tuition & Fees 2017-2018, http://www.ohe.state.mn.us/sPages/TuitionChart.cfm?SchState=MN&pageID=651, data retrieved 11.3.2017, calculations by author.
$5,441 $11,527 $33,876 $8,521 $13,316
$0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 Community & Technical College Private Career Schools & Colleges Private Non-profit Colleges & Universities State Universities University of Minnesota
Min of 1819 Resident Tuition & Fees Average of 1819 Resident Tuition & Fees Max of 1819 Resident Tuition & Fees
Paying for College: 2020-2021
October 2019
Allows MN residents to attend in neighboring states at rate
similar to MN resident rate
Students need to apply (some assume it’s automatic)
Some students apply to college, some apply online (beginning
March 1 for fall term), details at https://www.ohe.state.mn.us/ssl/reciprocity/apply1.cfm
Midwestern Student Exchange Program
Reduced rates for MN residents attending select schools in Illinois,
Indiana, Kansas, Michigan, Missouri, Nebraska
Reciprocity Details:
http://www.ohe.state.mn.us/mPg.cfm?pageID=120
Paying for College: 2020-2021
October 2019
2018-19 Tuition &
Segregated Fees per semester
Fall 2018 undergraduate
students)
SOURCE: https://registrar.wisc.edu/tuitionrates/, retrieved September 24, 2018
credits Wisconsin resident Nonresident Minnesota reciprocity Variance: NonResident minus MN Reciprocity 1 $487.48 $1,581.22 $645.17 $936.05 2 $922.96 $3,110.44 $1,238.34 $1,872.10 3 $1,358.44 $4,639.66 $1,831.51 $2,808.15 4 $1,793.92 $6,168.88 $2,424.68 $3,744.20 5 $2,229.40 $7,698.10 $3,017.85 $4,680.25 6 $2,664.88 $9,227.32 $3,611.02 $5,616.30 7 $3,100.36 $10,756.54 $4,204.19 $6,552.35 8 $3,535.84 $12,285.76 $4,797.36 $7,488.40 9 $3,971.32 $13,814.98 $5,390.53 $8,424.45 10 $4,406.80 $15,344.20 $5,983.70 $9,360.50 11 $4,842.28 $16,873.42 $6,576.87 $10,296.55 12 to 18 $5,277.76 $18,402.64 $7,170.04 $11,232.60
Paying for College: 2020-2021
October 2019
1.
How much does college cost?
3.
How will I pay for college?
4.
What is financial aid?
5.
How do I apply for financial aid?
6.
Where can I find answers to more questions?
7.
Questions
Paying for College: 2020-2021
October 2019
“By 2020, 65% of all jobs will require postsecondary education.” For most jobs, securing a high school education will not be enough to
qualify for employment.
Applicants will need to have some form of post-secondary education:
Bachelor’s Degree or beyond Some college / AA degree Certificate or certification in a field
Anthony Carnevale Georgetown University Center on Education and the Workforce
SOURCE: Carenevale, Anthony P, Nichole Smith, and Jeff Strohl, Recovery: Job Growth and Education Requirements through 2020, June 26, 2013, Georgetown University Center on Education and the Workforce. Retrieved on October 17, 2017, from https://cew.georgetown.edu/cew-reports/recovery-job-growth-and-education-requirements-through-2020/#powerpoint
Paying for College: 2020-2021
October 2019
Age 25 years or higher, by Educational Attainment
Source: Bureau of Labor Statistics. Labor Force Statistics from the Current Population Survey. Table A-4. Employment status of the civilian population 25 years and over by educational attainment, Series ID:LNS14027659, LNS14027660, LNS14027689, LNS14027662. Data retrieved 10.15.2017 from https://www.bls.gov/webapps/legacy/cpsatab4.htm.
0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18%
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Unemployment Rate
(seasonally adjusted) Year: Data from September report of this year
Less than a high school diploma High school graduate, no college Some college
degree Bachelor’s degree and higher
Paying for College: 2020-2021
October 2019
Median Earnings of Full-Time, Year-Round Workers by Age and Education Level, 2010-2014 (2014 dollars)
$0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000
25 to 29 30 to 34 35 to 39 40 to 44 45 to 49 50 to 54 55 to 59 60 to 64 Median Annual Earnings
Age
Associate Degree Bachelor's Degree Master's Degree Less than a High School Diploma High School Diploma Some College, No Degree Doctoral Degree Professional Degree
SOURCES: U.S. Census Bureau, American Community Survey, 2010–2014 Five-Year Public Use Microdata Sample; calculations by the authors.. AUTHORS: Education Pays 2016: The Benefits of Higher Education for Individuals and Society. Jennifer Ma, Matea Pender, and Meredith Welch (2016). https://trends.collegeboard.org/education-pays
Paying for College: 2020-2021
October 2019
1.
How much does college cost?
2.
Is postsecondary education worth the investment?
4.
What is financial aid?
5.
How do I apply for financial aid?
6.
Where can I find answers to more questions?
7.
Questions
Paying for College: 2020-2021
October 2019
Sallie Mae Survey: 2008 through 2019 2019 Study
Ipsos conducted online interviews in English and Spanish between April 5, 2019 and
May 6, 2019.
2,000 individuals interviewed for 2019 study:
1,000 parents of 18 to 24-year-old undergraduate students, and 1,000 18 to 24-year-old undergraduate students.
www.salliemae.com/plan-for-college/how-america-pays-for-college/
Paying for College: 2020-2021
October 2019
SOURCE: Sallie Mae Inc, & Ipsos Public Affairs. (2019). How America Pays for College 2019. Newark, DE. Retrieved from https://www.salliemae.com/research/how-america-pays-for-college
35% 39% 39% 30% 33% 43% 41% 34% 47% 43% 22% 20% 27% 24% 24% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
2014-15 2015-16 2016-17 2017-18 2018-19
Funding Source Share Academic Year
Borrowing Income & Savings Scholarships & grants, Relatives & Friends
Paying for College: 2020-2021
October 2019
Paying for College: 2020-2021
October 2019
2016-2017 Grants and Scholarships Awarded to Undergraduates at Minnesota Institutions ($1.45 BILLION) – Funding Source
Private
$73.3 million (5%)
State
$205.9 million (14%)
Federal
$357.2 million (25%)
Colleges and Universities
$811.1 million (56%) College Federal State Private Minnesota
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Source: MN Office of Higher Education, Total Aid Received by Minnesota Institutions, http://www.ohe.state.mn.us/sPages/finAidAwd.cfm, retrieved September 15, 2019.
Paying for College: 2020-2021
October 2019
1.
How much does college cost?
2.
Is postsecondary education worth the investment?
3.
How will I pay for college?
4.
What is financial aid?
Net Price Calculator MN Dream Act FAFSA Professional Judgment Adjustments to FAFSA data
6.
Where can I find answers to more questions?
7.
Questions
Paying for College: 2020-2021
October 2019
Case Study
Family of Four
2 parents 2 kids 1 college student
Minnesota Residents Parents’ Adjusted Gross Income
Between $50,000-$59,000
19
Estimated “Total Cost of Attendance” Minus estimated “Gift Aid” = Estimated Net Price
Paying for College: 2020-2021
October 2019
Parent Household
Paying for College: 2020-2021
October 2019
Estimated Price: 2018-2019
Paying for College: 2020-2021
October 2019
Estimated Price: 2018-2019
Paying for College: 2020-2021
October 2019
MN Dependent student, parents married, 4 in family, 1 in college, AGI Between $50,000-$59,999, Reportable assets <$20,000. Data retrieved 9.24.2018 Anoka Ramsey CC
(with parents)
U of MN Twin Cities
(on-campus)
State Univ.
(on-campus)
Harvard University
(on-campus)
University of
(on-campus)
Year 2015-16 2018-19 2016-17 2018-19 2018-19
HS GPA & ACT
NA NA NA NA 3.5 & 26
Tuition & Fees
$5,022 $14,760 $7,814 $50,420 $42,728
Room & Meals
$0 $9,910 $7,930 $17,160 $10,356
Books & Supplies
$1,200 $1,000 $1,200 NA $1,000
Other Costs
$6,688 $2,228 $2,700 $4,770 $2,527
Total Cost of Attendance
$12,910 $27,898 $19,644 $72,350 $56,600
Gift Aid
$3,438 $12,245 $5,775 $67,750 $32,277
Estimated Net Price
$9,482 $15,653 $13,869 $4,600 $24,323
$1,584 $2,515 $2,039 $(17,330) $10,451
23
SOURCES: Search for “Name of School” and “Net Price Calculator” http://www.anokaramsey.edu/cost-aid/net-price-calculator/ https://www.mnscu.edu/admissions/calculator/stcloudstate.html https://college.harvard.edu/financial-aid/how-aid-works/cost-attendance https://npc.collegeboard.org/student/app/tcumn https://www.stthomas.edu/financialaid/undergraduate/resources/netpricecalculator/
Paying for College: 2020-2021
October 2019
Net Price Calculator Simulation: Family of 4, MN residents, 2 parents, 1 college freshman. student, attending University of Minnesota Twin Cities for 2018-19 as new freshman.
SOURCE: https://npc.collegeboard.org/student/app/tcumn, data retrieved October 24, 2017
Parents’ Adjusted Gross Income Parents’ Cash, Savings & Checking FAFSA Expected Family Contribution Estimated Cost of Attendance Simulated Total Gift Aid Simulated Net Price $50,000 $0 $2,531 $27,152 $12,820 $14,332 $50,000 $50,000 $3,289 $27,152 $11,920 $15,232 Change +$50,000 +758 $0
+$900 Parents’ Adjusted Gross Income Parents’ Cash, Savings & Checking FAFSA Expected Family Contribution Estimated Cost of Attendance Simulated Total Gift Aid Simulated Net Price $50,000 $0 $2,531 $27,152 $12,820 $14,332 $50,000 $50,000 $3,289 $27,152 $11,920 $15,232 Change +$50,000 +758 $0
+$900 $100,000 $0 $16,987 $27,152 $0 $27,152 $100,000 $50,000 $18,605 $27,152 $0 $27,152 Change +$50,000 +1,618 $0 $0 $0
Paying for College: 2020-2021
October 2019
Net Price Calculator Simulation: Family of 4, MN residents, 2 parents, 1 college freshman. student, attending University of Minnesota Twin Cities for 2018-19 as new freshman.
SOURCE: https://npc.collegeboard.org/student/app/tcumn, data retrieved October 24, 2017
Parents’ Adjusted Gross Income Parents’ Cash, Savings & Checking FAFSA Expected Family Contribution Estimated Cost of Attendance Simulated Total Gift Aid Simulated Net Price $50,000 $0 $2,531 $27,152 $12,820 $14,332 $50,000 $50,000 $3,289 $27,152 $11,920 $15,232 Change +$50,000 +758 $0
+$900 Parents’ Adjusted Gross Income Parents’ Cash, Savings & Checking FAFSA Expected Family Contribution Estimated Cost of Attendance Simulated Total Gift Aid Simulated Net Price $50,000 $0 $2,531 $27,152 $12,820 $14,332 $50,000 $50,000 $3,289 $27,152 $11,920 $15,232 Change +$50,000 +758 $0
+$900 $100,000 $0 $16,987 $27,152 $0 $27,152 $100,000 $50,000 $18,605 $27,152 $0 $27,152 Change +$50,000 +1,618 $0 $0 $0
Paying for College: 2020-2021
October 2019
Qualifying undocumented students eligible for:
In-state tuition rates at Minnesota State and U of MN State financial aid programs
State Grant, Child Care Grant, Teacher Candidate Grant, Occupational Grant, Dual-training Grant, MN
SELF Loan, MN Work Study (while authorized to work in US, until DACA expires), SELF Loan
Private scholarships administered by public institutions
To meet MN Dream Act requirements:
Attend MN high school for at least 3 years Graduate from a MN high school or earn MN GED Males 18-25 registered with the U.S. Selective Service, and Apply for lawful immigration status once a federal process for doing so
exists (not yet applicable)
Apply online: www.ohe.state.mn.us/MNDreamAct
Paying for College: 2020-2021
October 2019
College Board CSS Profile
246 colleges and scholarship programs in 2019-2020
Carleton College, MN
Gustavus Adolphus College, MN
Macalester College, MN
When to submit CCC Profile?
May submit as early as Oct. 1, 2019 for 2020- 2021 school year.
Should submit no later than two weeks before the EARLIEST priority filing date specified by your colleges
FAFSA
Free Application for Federal Student Aid
All schools participating in federal financial aid programs
Used to determine eligibility for…
Federal Pell Grant
Minnesota State Grant
Federal Student Loans
Federal Parent (PLUS) Loan
Other
https://studentaid.ed.gov/sa/fafsa, or
Fafsa.gov
SOURCE: https://profile.collegeboard.org/profile/ppi/participatingInstitutions.aspx, retrieved 9/15/2019
Paying for College: 2020-2021
October 2019
Preparing to complete FAFSA
Creating Federal Student Aid (FSA) ID
Gathering documents needed to complete FAFSA
Getting help completing FAFSA
Submitting the FAFSA
Starting your FAFSA Form
Listing Colleges and/or Career Schools on FAFSA
Determining student’s Dependency Status
Reporting Parents’ Information
Providing Financial Information
What to do if your parents’ marital status changed since taxes were filed Automatically transferring your tax information using IRS Data Retrieval tool
Signing and Submitting FAFSA form
Next Steps
https://studentaid.ed.gov/sa/fafsa/filling-out#log-in
Paying for College: 2020-2021
October 2019
Complete a 2019–20 FAFSA PDF or a 2020–2021 FAFSA
PDF (note: you must print out and mail the FAFSA PDF for processing) or
Request a print-out of the FAFSA PDF by calling us at 1-
800-4-FED-AID (1-800-433-3243) or 334-523-2691 (TTY for the deaf or hard of hearing 1-800-730-8913); then fill
Fill out the form in the myStudentAid mobile app,
available on the App Store (iOS) or Google Play (Android)
Log in at fafsa.gov to apply online or https://studentaid.ed.gov/sa/fafsa/filling-out#log-in
Paying for College: 2020-2021
October 2019
24 12 3 4 2 5
5 10 15 20 25 30
Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 June or Later 2020 Other
# of Responses
31
Question: When do you recommend that high school seniors, who will graduate from high school in the spring of 2020, submit their 2020-21 FAFSA (assuming they are only applying to your institution)? 51 responses from 36 different colleges
SOURCE: Online survey of members of the Minnesota Association of Financial Aid Administrators, September 2019. Used 51 of 70 responses (19 of 70 responses were excluded because they did not identify their school by name).
Minnesota’s FAFSA Deadline is “30 days after term starts”
Paying for College: 2020-2021
October 2019
Insights from Minnesota Financial Aid Administrators
2 12 8 9 3 6 3 7 1
2 4 6 8 10 12 14
Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 June or Later 2020 Other
# of Responses
32
Question: When will you begin sending financial aid offers/awards to incoming new students (typically freshmen) for the 2020-2021 academic year? 51 responses from 36 different colleges
SOURCE: Online survey of members of the Minnesota Association of Financial Aid Administrators, September 2019. Used 51 of 70 responses (19 of 70 responses were excluded because they did not identify their school by name).
Minnesota’s FAFSA Deadline is “30 days after term starts”
Paying for College: 2020-2021
October 2019
The FSA ID is a username and password used by students, parents,
and borrowers
Who needs FSA ID?
Students: Need FSA ID to electronically sign FAFSA, use the myStudentAid mobile app, and to fill out a
FAFSA Renewal, apply for federal student loan, complete federal student loan entrance and exit counseling, monitor federal student loan history, apply for income-driven loan repayment plan, estimate student loan payments using Repayment Estimator.
Parents: Need FSA ID to sign dependent student’s FAFSA electronically or to apply for a Direct PLUS Loan on
StudentLoans.gov.
NEW – FSA ID username and password do not expire.
Users will be prompted to change their password only during account recovery or because of a security event (https://fsaid.ed.gov/npas/pub/faq.htm, retrieved 9/15/2019)
Paying for College: 2020-2021
October 2019
When to apply for Your FSA ID?
Either at least 3 business before submitting FAFSA, or When you begin your FAFSA
You may immediately use your FSA ID to sign an original (first-time) FAFSA form, but
nothing else (not even a Renewal FAFSA form). All other activities require that your data is matched with the Social Security Administration.
It takes 1-3 days to verify your FSA ID information with Social Security Administration.
E-mail and Phone number:
Each FSA ID must have a unique e-mail address or phone number (you and your parent cannot use the same e-mail address or phone number)
Is a Social Security Number required for FSA ID?
Yes. If your parent doesn’t have a Social Security number (SSN), your parent won’t be
able to create an FSA ID (which requires an SSN). This means you’ll have to select the
Paying for College: 2020-2021
October 2019
An FSA ID is locked after three unsuccessful log-in attempts.
You will be taken to a screen that says “Unlock Your FSA ID.” At that page, if you have
a verified mobile phone number and/or verified email address, you can request that we send you a secure code to your verified mobile phone number or email address. Or, you can use your challenge questions. To unlock your FSA ID you will need to …
Text and email
Click “Text a secure code to my mobile phone” or “Email a secure code.” A secure code will be
sent to your mobile phone or email address. Enter the code within 20 minutes in the “Secure Code” box. Click “Submit.”
Once your FSA ID is unlocked, you will need to reset the password for your FSA ID.
Challenge Questions
Answer your challenge questions. Once your FSA ID is unlocked, you will need to reset the
password for your FSA ID.
For security purposes, if you use the challenge question option to reset your password, there’s a
30-minute delay before you can use your FSA ID.
Paying for College: 2020-2021
October 2019
Only the owner of an FSA ID should create or use the account. Here’s why:
Legal signature. The FSA ID serves as a legal signature and should not be shared
with anyone, including family, school personnel, loan servicers, or contact center agents.
Unique email. An email address and mobile phone number can only be used with
code be texted or emailed to you, allowing you to reset your username or
Paying for College: 2020-2021
October 2019
Social Security number for student and parents (if dependent)
Your Alien Registration number if you are not a U.S. citizen
Federal tax information or tax returns including IRS W-2 information, for you (and your spouse, if you are married), and for your parents if you are a dependent student:
IRS 1040, 1040A, 1040EZ or Foreign tax return or Tax return for Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, the Federated States of Micronesia, or Palau
Records of your untaxed income, such as child support received, interest income, and veterans noneducation benefits, for you, and for your parents if you are a dependent student
Information on cash; savings and checking account balances; investments, including stocks and bonds and real estate (but not including the home in which you live); and business and farm assets for you, and for your parents if you are a dependent student
RESOURCE: 2019-20 FAFSA on the Web Worksheet (https://studentaid.ed.gov/sa/sites/default/files/2019-20-fafsa-worksheet.pdf)
Paying for College: 2020-2021
October 2019
Scroll Down for
Estimate
Paying for College: 2020-2021
October 2019
Paying for College: 2020-2021
October 2019
Paying for College: 2020-2021
October 2019
Paying for College: 2020-2021
October 2019
Paying for College: 2020-2021
October 2019
Paying for College: 2020-2021
October 2019
program at beginning of 2020-2021 school year?
than training)
than half of their support from student between July 1, 2020 and June 30, 2021?
than your children or spouse) who live with you and who receive more than half of their support from you, now and through June 30, 2021?
age 13, were both your parents deceased, were you in foster care or were you a dependent or ward of the court?
your state of legal residence, are you or were you an emancipated minor?
stepparent have legal guardianship of you, as determined by a court in your state of legal residence?
school or school district homeless liaison determine that you were an unaccompanied youth who was homeless or were self-supporting and at risk of being homeless?
did the director of an emergency shelter or transitional housing program funded by the U.S. Department of Housing and Urban Development determine that you were an unaccompanied youth who was homeless or were self-supporting and at risk of being homeless?
did the director of a runaway or homeless youth basic center or transitional living program determine that you were an unaccompanied youth who was homeless or were self-supporting and at risk of being homeless?
Paying for College: 2020-2021
October 2019
Married. If biological/adoptive parents married, report information for
both parents
Parents unmarried but living together. Dependent student reports
information about both legal (biological or adoptive) parents if the parents are living together, regardless of the parents’ marital status or gender.
Divorced or Separated.
Provide information for parent where student lived with the most in last year
Or, if lived equal periods with each parent, parent who provided the most
financial support in last year or most recent year support provided
If that parent remarried, include stepparent’s information, even if stepparent did
not adopt student
Note: Unlike FAFSA, CSS Profile form will require information for non-custodial
parent
Paying for College: 2020-2021
October 2019
Single or Widowed. If biological/adoptive parent is
single or widowed, provide information about surviving parent
Remarried. If surviving parent remarried, include
stepparent’s information, even if stepparent did not adopt student
Others filling role of parents Grandparents, foster parents, other relatives and
legal guardians are NOT considered parents on the FAFSA unless they legally adopted student
Do NOT substitute information about above parties in
parent section on FAFSA
Paying for College: 2020-2021
October 2019
Current Household
Parent(s)? Student Other children? Other people?
# in College in 2020-2021
Does not include parent(s)
Paying for College: 2020-2021
October 2019
Paying for College: 2020-2021
October 2019
Check “Transfer My
Tax Information into the FAFSA Form” box
Click “Transfer Now”
2018 income on 2020-2021 FAFSA
Paying for College: 2020-2021
October 2019
Paying for College: 2020-2021
October 2019
Did not indicate on FAFSA a tax return was completed Marriage date is January 2019, or later First three digits of the SSN are 666 Filed a non-U.S. tax return Married and filed as head of household,
separate returns Neither married parent entered a valid SSN Non- married parent or both married parents entered all zeroes for the SSN
Paying for College: 2020-2021
October 2019
You can print a signature page by selecting Print Signature Page on the “My FAFSA” or “Signature Status” page.
Paying for College: 2020-2021
October 2019
Paying for College: 2020-2021
October 2019
Common examples include:
Significant change in income from past tax year
based on unemployment, underemployment, death, divorce, military service or natural disaster
Unusually high medical expenses Nursing home expenses Significant college costs for dependent student’s
parent attending college
Dependency override
Family should contact financial aid
administrator to discuss unusual circumstances
56
Paying for College: 2020-2021
October 2019
Jeff Olson Minnesota Office of Higher Education, Outreach Team Bethel University, Director of Financial Aid jeff-olson@bethel.edu