FINANCIAL AID

In order to recieve financial aid from the federal government who in turn gives it the colleges to hand out, you must fill out a FAFSA application. FAFSA stands for Free Application For Federal Student Aid.

FAFSA

1. Go to www.pin.ed.gov  in order to create a pin number. You will need a pin in order to file the FAFSA.
2. Go to www.fafsa.ed.gov. Here you can start the application process.
3. FAFSA=Expected family contribution.
4. EFC

          Parent contribution= Income + Assets

        -Assets Equals *Cash/Savings/Checking Accounts*Investments*Business or Farm.

        -Taxable income (from tax returns) *Adjusted Gross Income;*Interest/dividend

        -Non -taxable income *non taxed Social Security;*Housing allowances;

         *Payments to pension/401K plans   

The following points comes from ecampustours.com, concerning things to look at for when filing your FAFSA.

• Keep your Federal Student Aid Pin in a secure place. Do not give it out to anyone.
• Never give personal information over the phone or Internet unless you made the contact.
• Avoid using websites that ask for credit card information when filling out the FAFSA.

Student Financial Aid Awareness Month Kicks Off   Governor Paterson has designated January 25 – February 25, 2010 Student Financial Aid Awareness Month in New York State. The primary objective of this Month is to inform and educate students and families about all of the financial aid opportunities available to help pay for college, and to promote the completion of the most important tool in securing financial aid, the Free Application for Federal Student Aid (FAFSA).   The New York State Higher Education Services Corporation (HESC), with the support of many partners throughout the State, has launched a new campaign, “START HERE. GET THERE,” to convey this key message to New York State students and families.   Our new Web site, StartHereGetThere.org, is dedicated to Student Financial Aid Awareness Month, providing questions and answers about FAFSA completion, tips and tools, engaging videos, and a list of financial aid information nights and FAFSA completion events throughout the State.   You can help educate your students about college financial aid by adding the attached banner ad to your Web site and linking it directly to StartHereGetThere.org. Additional options and sizes are available in the site’s Media Kit. I would also encourage you to download and hang our “START HERE. GET THERE” posters so your students know where to find information about local Student Financial Aid Awareness Month activities, or print and distribute the “Money for College” fact sheet and the “Tips for Completing the FAFSA” to your students.   Thank you for your support in helping New York State students and families make their college dreams a reality.   Sincerely,   Elsa Magee Executive Vice President, Acting President   If this message has not appeared with its graphic elements in place, please click here to view it in a Web browser.

HESC’s special FAFSA Assistance Hotline, 1-800-808-1790, offers live help for your students and their parents on Wednesday, Feb. 3 from 12 noon to 6:00 pm to answer any questions they have about completing the Free Application for Federal Student Aid (FAFSA).

The FAFSA Assistance Hotline continues every Wednesday from 12 noon – 6:00 pm through February 25 for Student Financial Aid Awareness Month.

Tell your students and their parents if they have questions about the FAFSA:

• Call the FAFSA Hotline: 1-800-808-1790 Wednesdays during February from 12 noon – 6:00 pm
• Email anytime at FAFSAhelp@HESC.org

http://www.pin.ed.gov
http://www.fafsa.ed.gov
http://www.http://www.finaidfacts.org/scholarships.htm

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