Category Archives: Financial need

How to Finish the FAFSA, Steps 3-4: Fill It Out and Sign/Submit

FAFSA Step 3Now that you’ve gathered materials  and created an FSA ID , it’s time to complete and submit the FAFSA at FAFSA.gov.

Applying online is fast, simple and best of all… it’s safe. The online form allows you to rapidly transfer previously filed tax information and has many “helps and hints” along to way to answer any questions that may come to mind. And, you may choose to send your FAFSA results to up to 10 schools that interest you.

FAFSA Step 4Be sure to enter your information exactly as it appears on your Social Security card. When finished, you will sign with your FSA ID. Don’t forget to hit “Submit” when you’ve completed the form!

Four Reasons to Complete the FAFSA

If you’re going to college next year, it’s time to start thinking about the Free Application for Federal Student Aid (FAFSA)! Here are four reasons why:

  1. The FAFSA is used to apply for all types of federal financial aid and some types of state aid. It is also required for many scholarship programs, including Oklahoma’s Promise. Use gov to apply!
  2. Applying has never been easier. Complete the FAFSA online. Doing so is fast and efficient for you and the school(s) receiving your results.Help and Hints
  3. Help is always available. Use the Help and Hints boxes online or contact the Federal Student Aid Center at 1-800-4-FED-AID (1-800-433-3243), or any nearby college or university financial aid office.
  4. You don’t have to wait long to get the ball rolling. The 2017-18 FAFSA becomes available Oct. 1, 2016. Submit the FAFSA as soon as possible for priority consideration for some types of financial aid.

 

What’s Changing with the FAFSA?

The FAFSA is new and improved and will be ready for you faster than ever! Students and parents now have the opportunity to complete the FAFSA, or Free Application for Federal Student Aid, as soon as Oct. 1—three months earlier than before! The earlier you apply, the better, as some financial aid options may be exhausted later in the year.

Another update to the FAFSA makes the process even more convenient. Families will now use tax information that they should have already filed. This means families won’t have to update the FAFSA after they file taxes next year. Use the chart below to find out which forms are right for you.

FAFSA Completion Chart

To complete and submit the FAFSA online, students and parents will both need to create an FSA ID (Federal Student Aid ID) at FSAID.ed.gov. This username/password serves as your signature on the FAFSA and student loan applications and allows you to access other federal aid websites. It can be beneficial for families to create their FSA IDs now in order to speed up the FAFSA application process in October. Once the FAFSA is available, it can be completed online at fafsa.ed.gov.

Grants and Work-Study and Loans! Oh My!!

As you prepare for college, you will start to learn all sorts of new words and acronyms like Pell, FSEOG, and OTAG. Applying for college and financial aid is confusing enough, so how do I make sense of these crazy words?

Federal and state financial aid programs are great, but what’s the difference in each type and what do they mean? You should receive information from your college financial aid office explaining these programs, but here’s a brief rundown for you.

Federal Pell Grants are awarded to eligible undergraduate students who haven’t earned a bachelor’s or professional degree. The Pell Grant doesn’t have to be repaid and the maximum amount awarded for the 2016-17 academic year is $5,815.

Federal Supplemental Educational Opportunity Grants (FSEOG) are awarded to students who also receive a Federal Pell Grant and usually have the highest financial need. These grants do not have to be repaid.

A Teacher Education Assistance for College and Higher Education (TEACH) Grant is a little different from the Pell or FSEOG grants because you must take certain classes and then work at a certain type of job to receive this money. If you don’t, the TEACH Grant can turn into a loan and then it must be repaid. These programs can offer students up to $4,000 a year if they qualify.

Iraq and Afghanistan Service Grant provides money to college or career students that do not qualify for a Pell Grant and lost a parent or guardian, who was a member of the U.S. armed forces and died in military service performed in Iraq or Afghanistan after 9/11.

Federal Work-Study provides part-time jobs for eligible students on a college campus or in an approved nonprofit organization or public agency. Students work a specified number of hours each week and typically earn minimum wage.

William D. Ford Federal Direct Loan Program offers Subsidized and Unsubsidized Loans. Direct Subsidized Loans are made to eligible undergraduate students who demonstrate financial need. The Direct Unsubsidized Loans are also made to eligible undergraduate students, but the student doesn’t have to demonstrate financial need to be eligible for the loan.

The Direct PLUS Loan is offered to parents of dependent undergraduate students to help pay for their educational expenses.

The Oklahoma Tuition Aid Grant (OTAG) is offered to eligible Oklahoma residents who attend eligible college and career technology centers in Oklahoma.

All federal and state programs are awarded based on eligibility provided on the FAFSA application. Be sure to apply as soon after October 1 as possible.

Check with your school’s financial aid office if you have questions or to determine if they participate in these programs. For more information, visit UCanGo2.org or StudentAid.ed.gov.

 

There’s Still Time

With finals just around the corner, and graduation coming up in a week or two, have you put college on the back burner? Maybe you aren’t even sure you want to go to college or a career tech. Whatever you’re thinking, just know that it’s not too late! While it’s best to apply to college and complete financial aid applications early, you can still accomplish these tasks.

Talk with your school counselor about your best options and check out some classes offered at a nearby community college or career tech. These types of schools are typically less expensive and could open your eyes to some great career opportunities you may not have considered.

Some colleges and technology centers also offer discounted or free tuition to students who have attended a particular high school or live in a certain area. Your counselor can share information about these options. If you have the chance to attend college for free … take it!

You’ll also want to apply for financial aid to help with some of your educational expenses. The Free Application for Federal Student Aid (FAFSA) is used to apply for federal and state aid for college. Go to www.FAFSA.gov to complete this form and submit it online.

Are You Looking for Money?

Well, who isn’t? Let’s rephrase to be more specific. Are you looking for money for college? If so, you should check out UCanGo2.org where you’ll find dozens of resources to help you plan, prepare and pay for college. Here are some of the highlights:

UCango2 Find Scholarships Buttong

Find hundreds of scholarships organized by deadline or category, and don’t forget to check back weekly for UCanGo2’s Scholarship of the Week!

 
Are You Looking for MoneyAre You Looking for Money is UCanGo2’s signature financial aid guide with specific information about Oklahoma’s programs. It offers information about grants, scholarships, work study programs, and student loans.

 

Finish the FAFSA in Five StepsFinish the FAFSA in 5 Steps is a step-by-step guide designed to help students and their parents submit the Free Application for Federal Student Aid (FAFSA) in just five simple steps.

 

College Planning ChecklistsWhether you’re in sixth grade or 12th grade, UCanGo2 is here to help you determine your next steps for preparing for college. From what classes to take to when to apply for financial aid, the high school and middle school checklists offer useful information for every student.

 

Bonus! A complete list of our FAFSA tools for students and parents, including FAFSA Facts and the Dependency Questionnaire, can be found in the resources section here at StartWithFAFSA.org/resources.

 

Concerned About the FAFSA? We Can Help!

If you need help paying for college next year, you should submit the Free Application for Federal Student Aid (FAFSA). The FAFSA is required if you want to explore your eligibility for federal and state aid, and is also required for some grant and scholarship programs (including Oklahoma’s Promise). By completing the FAFSA, you’re not committing to any aid—you’re simply submitting a ‘snapshot’ of your family’s financial situation so you can learn about your options.

There are many helpful resources to check into, especially if you’re submitting the FAFSA for the first time.

UCanGo2.org provides great tips on how to cover the cost of college and provides information about various types of financial aid, including grants, scholarships, state aid, work-study and student loans.

StudentAid.ed.gov provides tons of information about when, how and why to submit the FAFSA.

Check out the categories and archives listed at the left here at StartWithFAFSA.org. Many common questions have been addressed in blogs that we’ve posted in the past. While you’re here, also be sure to check out our ‘FAFSA in Five’ videos! You’ll find one in English and one in Spanish.

For more Spanish resources, visit StudentAid.ed.gov/sa/resources and scroll down the page to see a list of all the publications and videos available in Spanish

The 2016-17 FAFSA is Available

FAFSA stands for Free Application for Federal Student Aid
FAFSA

Are you planning to take college classes this fall? Are you wondering how to pay for college? If so, you can begin the financial aid process now by submitting the 2016-17 Free Application for Federal Student Aid (FAFSA), available as of Jan. 1. The FAFSA is the application used to obtain all types of federal financial aid, some types of state financial aid and many scholarships, too. Everyone planning to enroll at a college or university should complete the FAFSA. Even if you think you, or your family, make too much money to qualify, apply anyway! Most people qualify for something, and you may be pleasantly surprised by the results.

It’s important to submit the FAFSA as soon as possible each year. Why? Because some financial aid programs that require FAFSA information, including some grants and scholarships, have deadlines early in the year. You don’t want to miss out on any financial aid opportunities.

Not sure where to start? Check out our video to learn how to complete the FAFSA in Five Steps or download our FAFSA Five Steps brochure.

And, remember to visit at UCanGo2.org  and facebook.com/UCanGo2 for the latest college planning information, scholarship updates and more!

Please note, the 2017-18 FAFSA will be available Oct. 1, 2016. 

Four Reasons to Finish the FAFSA

If you’re going to college next year, it’s time to start thinking about the Free Application for Federal Student Aid (FAFSA)! Here are four reasons why:

  1. The FAFSA is used to apply for all types of federal financial aid and some types of state aid. It is also required for many scholarship programs, including Oklahoma’s Promise.
  1. Applying has never been easier. Complete the FAFSA online.
    Screen shot of FAFSA online with the help and hints box highlighted on the right
    Help and Hints Box

    Doing so is fast and efficient for you and the school(s) receiving your results.

  1. Help is always available. Use the Help and Hints boxes online or contact the Federal Student Aid Center at 1-800-4-FED-AID (1-800-433-3243), or any nearby college or university financial aid office.
  1. You don’t have to wait long to get the ball rolling. The 2016-17 FAFSA became available Jan. 1, 2016 and the 2017-18 FAFSA will be available Oct. 1, 2016. Submit the FAFSA as soon as possible for priority consideration for some types of financial aid.

Don’t Make this FAFSA Mistake!

Completing the Free Application for Federal Student Aid (FAFSA) has never been easier. However, there’s one mistake students and their parents continue to make.

Each year, many families don’t complete the FAFSA because they think they make too much money to qualify for aid. Counting yourself out before even starting is a huge mistake! Even if you think you won’t qualify for aid, you should still submit the FAFSA.

Here’s why:

    • You could be missing out. Billions of financial aid dollars are offered every year. Those funds will be awarded to someone… and that “someone” could be you. But you’ll never know if you don’t apply!
    • There’s no obligation. You’re not required to accept the aid offered to you. You’ll have the option to decline any aid offered, or you may choose to limit how much you borrow.
    • Your school might use the data. Some schools use the data on your FAFSA to award school-specific grants and scholarships. So, beyond federal funding, you could take yourself out of the running for school aid by choosing not to submit the FAFSA.
    • Federal student loans offer options. Even if you know you’ll only qualify for student loans and you’re unsure about borrowing money for school, federal loans could be your best option. Federal student loans often have lower interest rates than private or alternative loans, and they offer flexible repayment plans. They’re also a better option than high interest credit cards.