Before you begin your Free Application for Federal Student Aid (FAFSA) —have you decided which college(s) you’d like to attend? You will have to provide at least one college choice on your FAFSA—but what if you haven’t decided yet?
One of the best resources for exploring colleges is OKcollegestart.org. Once you’ve logged in (you can create an account on the OKCS homepage), click the ‘College Planning’ tab at the top, then look for the option to Explore Postsecondary Schools. Under School Exploration Tools, choose School Finder. You’ll see a list of school characteristics at the left which can be used to narrow down your search. You can choose only one characteristic to begin, or you can choose as many as you wish to refine your search.
Once you see a table listing schools that have the characteristics you’ve chosen, click on each of the school names to compare the schools on the list. The individual school profiles will provide a wealth of information to help you determine which colleges you’d like to investigate further—school size, average cost of attendance and programs/majors offered are just a few things to check out. You can even find each college’s school code that you’ll need if you choose to add that school to your FAFSA! Adding a college code to your FAFSA doesn’t mean you’re making any commitments to that school. It simply gives the financial aid office on that campus permission to see the data from your FAFSA, so they can determine how much financial aid you may qualify for at their school.
Give OKcollegestart.org a try! You’ll be amazed at what you’ll find there! Don’t forget to complete your 2021-2022 FAFSA as soon as possible!
It’s October which means it’s FAFSA season! The Free Application for Federal Student Aid, or FAFSA, can now be accessed at FAFSA.gov. This form becomes available every October 1st and serves as your first step in applying for federal and state financial assistance for college.
The types and amounts of aid you’re eligible to receive are based on the answers you provide on your FAFSA. The information you’re required to include is also based on your answers to some very important questions that will determine your dependency status. Being considered Dependent will require that you include parental data on the FAFSA; being Independent means you will not.
Many factors determine whether a student is considered Dependent or Independent. Review our Dependency Questionnaire to see a full list of the inquiries so you can determine your status before starting the application. Here are a few questions you may be asked:
Were you born before Jan. 1, 1998?
What’s your marital status?
Do you have dependents that you support?
Are you a veteran?
Have you been in foster care?
After your dependency status has been determined, you’ll be better prepared for the type of documentation you’ll need to complete your FAFSA. The information shown below will be required by the student if he/she’s Independent. And if the student is Dependent, both student and one parent will be required to provide this information:
Your Social Security Number.
Your Alien Registration Number (if you are not a U.S. citizen).
Your 2019 federal income tax returns, W-2s, and other records of money earned. (You may be able to transfer your federal tax return information into your FAFSA using the IRS Data Retrieval Tool.)
The Free Application for Federal Student Aid (FAFSA) is now available!
It’s the key you need to unlock money that will help you pay for college or other education after high school. Students often ask if the FAFSA is a scholarship, it’s not. The FAFSA is simply a statement about a family’s financial situation, and it’s used to determine how much federal financial aid a student may be eligible to receive.
A new FAFSA is available October 1 each year. You can submit your FAFSA even if you haven’t applied to any colleges yet. In fact, if you’re not sure which college you want to attend, you can request that your FAFSA information be shared with up to 10 different campuses that you may want to learn more about. Every student who may need money for college for the 2021-22 school year should complete this FAFSA.
The current FAFSA is available online at FAFSA.gov.
Need some guidance to get started on your FAFSA? Check out our resources:
FAFSA in Five Steps: This publication explains the steps to completing the application and provides reminders for additional materials you might need.
FAFSA Modules: These five PowerPoint presentations walk through the details of each step of the FAFSA process.
FAFSA and Financial Aid Video: Sometimes it helps to hear someone explain the FAFSA process. Our new FAFSA video walks students through common FAFSA questions.
If you’re still wondering why the FAFSA is so important, keep in mind that during the 2018-2019 school year, $2.6B dollars in federal financial aid for college was left unclaimed by students. They would have been qualified to receive the aid, but they didn’t simply because they didn’t submit a FAFSA. Discover what you’re eligible for by submitting your FAFSA today!
As you celebrate America’s independence, refer to our Dependency Questionnaire to determine if you’re considered a dependent or independent student for the FAFSA. Knowing where you stand can help with submitting your application.
The Oklahoma College Assistance Program offers a variety of online publications through UCanGo2.org that help students prepare for their transition to college. Their most popular publications are the college planning checklists. These checklists are available for grades 6-12 and help students and their parents with the specific steps they should be taking during each year to reach their higher education goals.
On the Senior Checklist, 12th-grade students may notice many of the steps center around the Free Application for Federal Student Aid or FAFSA. The first “to-do” calls for students to create an FSA ID. Seniors can reference the FSA ID Worksheet to keep track of their username and password each year they complete the FAFSA. There is also a copy of the FSA ID Worksheet available in Spanish. The second “to-do” calls for students to complete the FAFSA after Oct. 1 each year they need funds for college. A helpful tool to complete this step is the FAFSA in Five publication. With this resource, students can make sure they have all the necessary materials to complete the FAFSA. Students must also determine their dependency status on the FAFSA. A helpful resource to determine this is the Dependency Questionnaire. If they answer “yes” to any of the questions on this form, the student is considered an independent and won’t need to include their parents’ information on the FAFSA.
Not a senior yet? No problem! There are many more publications and helpful tools for students to use as they progress through middle and high school. Below are the college planning checklists for each grade. Be sure to follow the suggested links on each one to discover additional resources:
When it comes to reporting military benefits on the Free Application for Federal Student Aid, or FAFSA, families aren’t always sure what to include. Three questions on the application relate to military benefits; they request information about combat pay, housing allowance and noneducational veteran benefits. Let’s break them down here.
The first question concerning military benefits asks about the service member’s total combat pay. Depending on the military member’s rank, this benefit may not need to be reported. If the person is an enlisted member or a warrant officer, they don’t have to provide this information. However, if they are a commissioned officer, they will need to report their combat pay. This amount can be found on the service member’s W-2 form in box 12.
The next inquiry about military benefits concerns the service member’s housing allowance. Reporting this information is dependent on other factors. If the member receives a subsidy for on-base military housing or a Basic Allowance for Housing (BAH), then the member doesn’t need to report the benefit. Those who receive housing allowances other than the ones mentioned above must include that information on the FAFSA.
The last question regarding military benefits asks service members to report their noneducational veteran benefits. Those who receive the Montgomery GI Bill, Post-9/11 GI Bill, Dependents Education Assistance Program or Vocational Rehabilitation Program don’t need to provide this data. Those who receive other noneducational assistance, such as benefits including Disability, Death Pension, Dependency and Indemnity Compensation (DIC) and VA Educational Work-Study allowance, must report that information. Noneducational veteran benefits can be found on the service member’s monthly VA benefit statement.
Knowing which types of military benefit information to include on the FAFSA and gathering the right documents can make the process easier. The service member should collect the appropriate year’s tax return, W-2 forms and benefit statements to answer these three questions accurately. For more information about military benefits and the FAFSA, please visit MilitaryBenefits.info.
Happy Financial Aid
Awareness Month! February is the time to learn how you can fund your education
with various financial aid options. In order to receive federal financial aid,
you must submit a Free Application for Federal Student Aid, or FAFSA. Once your
FAFSA has been submitted, your school’s financial aid office will notify you of
your aid eligibility. Before you decide which options you’ll accept, take time
to learn about the different kinds of aid that are available to you. Since they’re
all beneficial, here’s an overview of each type of financial aid.
Scholarships. Potentially the most significant type of financial aid available is a scholarship. It’s free money you can earn from your own hard work, financial need, merit, family history, skills, hobbies or athletics. The more scholarship applications you complete, the more likely you are to win an award. While you don’t have to submit a FAFSA to apply for a scholarship, some programs may request that you do. Scholarship applications could ask you to write an essay, submit a video, take a photograph or complete a service project. To make sure your application matches the scholarship requirements, read all directions carefully before you start the process. If you’re not sure where to look for scholarships, UCanGo2.org and OKcollegestart.org are great places to start your search. Remember that scholarships can be the additional assistance you need to help you reach your educational goals.
Grants. Sometimes referred to as free money since they usually don’t have to be repaid, grants are given to those who demonstrate financial need. A common type of grant is the Pell Grant. The Federal Supplemental Educational Opportunity Grant, or FSEOG, is not as common since it is only given to students who show extreme financial need. For students interested in becoming teachers, there’s the Teacher Education Assistance for College and Higher Education Grant, or TEACH Grant. Students interested in the TEACH Grant should carefully read all guidelines. If the grant requirements are not met, the money could turn into a loan that must be repaid with interest. Additionally, there’s the Iraq and Afghanistan Service Grant for those who’ve lost a parent or guardian due to military service in Iraq or Afghanistan after 9/11. As with any type of financial aid, be sure to speak with your financial office if you have questions about grants.
Work-study. Also called earned aid, work-study allows students to work and earn money for college expenses while they’re in school. Work-study positions are part-time jobs that can be on or off campus. The supervisors over these positions tend to recognize that school is a priority and are usually mindful of your class schedule. Take advantage of these positions because they can give you work experience and time to focus on your academic responsibilities. Each school will have different ways to apply for a work-study job, so talk with your school to learn more about the application process.
Student Loans. While this type of aid is borrowed money that must be repaid with interest, student loans can help you bridge the gap between grants and scholarships. When it comes to borrowed money, it’s important that you borrow only the amount you need to pay school expenses! Federal loans can be beneficial due to their fixed interest rates (it will not change over time) and flexible repayment options. One type of federal student loan is the Direct Subsidized loan. This aid is for undergraduate students who demonstrate financial need. The government will pay the accruing interest on a subsidized loan while the student is enrolled in school at least half-time. Another federal loan, the Direct Unsubsidized student loan, is for students who do not show financial need. With this loan, the interest will always be accruing on the loan and students will be responsible for paying the interest. For those who need extra financial assistance there’s the Direct Parent Loan for Undergraduate Students or the Direct PLUS loan. Parents of dependent undergraduate students can apply for the PLUS loan to help cover additional college expenses for their child. In order to receive a Direct PLUS loan, parents must complete the loan application and meet certain credit requirements. Students will have six months from the time they graduate, drop below half-time enrollment or leave school to start repaying Direct Subsidized and Unsubsidized loans. Those who take out a PLUS loan will have to start repayment once funds have been disbursed.
that you know a little more about financial aid, use this month to decide which
options could be right for you. For more financial aid information, go to StudentAid.gov.
here you are, right in the middle of the academic year. How are things going so
far? Do you have enough financial aid to pay for your spring semester in
fall semester can often reveal expenses you didn’t anticipate when you accepted
your financial aid offer at the beginning of the school year. If your budget’s
being stretched to the limit, remember to explore opportunities for
scholarships. Believe it or not, new scholarships can pop up in the spring semester,
too! Here are some places to look:
financial aid office. There may be new scholarships available, or
there may be some funds left over from a scholarship given to a student who
didn’t return for the spring semester. If you’re a high school student, check
in with your counselor and take advantage of the resources he/she has to offer.
college’s website. Institutional scholarships are often
available at various times throughout the year. It’s a good idea to check the
scholarship listings on your school’s website every week, or at least every two
the possibilities! Where do you start? Here are a few suggestions:
Learn about the Scholarship of the Week, then search by month and scroll down to
make sure you don’t miss any application deadlines. You’ll also find a table
full of additional scholarship opportunities for each month.
Search for brand names of restaurants, chain
stores and food producers. Search the websites of health care systems and
various law firms. Your search engine could become your best friend.
The new year often comes with fresh enthusiasm for a renewed
lifestyle. Whether it’s working out regularly, eating out less or resisting the
snooze button, there is no time like the present to commit to new habits.
In addition to health and financial goals, there are some
helpful academic goals that will prove beneficial from this school year to the
completing the Free Application
for Federal Student Aid (FAFSA), you’re considered for a variety of state
and federal financial aid. We encourage you to “start” with FAFSA, and then
continue seeking scholarship opportunities throughout the year. Check out UCanGo2.org for new
scholarships by category and by deadline. Make a profile on OKcollegestart.org
to view scholarship applications that are the perfect fit for you. It’s
important to apply for as many scholarships as possible year-round, so make a
habit of applying for 2-3 scholarships a week.
Study Habits: While
your grades and GPA are not taken into consideration with your FAFSA, schools
will look at your academic achievements when deciding academic scholarship
offers as well as acceptance to their school. Your grades in college will also
determine if you maintain certain scholarship offers from year to year. To
start or keep up good study habits, check out these study tips: https://ucango2.org/publications/student/Perfect_10.pdf
Extracurricular Involvement: Many schools take more than just your
grades into consideration. Join a club or volunteer in your community after
school hours. Your involvement will look impressive on a college application.
Are you already in college? Join a club or find opportunities in your community
to share the skills and knowledge that you’re developing. It looks great on
resumes for future employers. Whether you’re still in high school or you’re
headed into the career field, extracurricular involvement is a good commitment
to make in the new year.
What you need to know about submitting the Free Application for Federal Student Aid