FAFSA Presentation
Five Expenses to Consider • Average tuition and fees in 2015-16* • Public two-year in-state: $3,435/year • Public four-year in-state: $9,410/year • Public four-year out-of-state: $23,893/year • Private nonprofit four-year: $32,405/year • GCU students pay approximately $7,800 in tuition after scholarships** • Room and board* • Public two-year in-state: $8,003/year • Public four-year in-state: $10,138/year • Public four-year out-of-state: $10,138/year • Private nonprofit four-year: $11,516/year • GCU students pay $6,332/year • Personal expenses • Textbooks and supplies • Transportation and parking * Source: http://trends.collegeboard.org/college-pricing/figures-tables/average-published-undergraduate-charges-sector-2015-16 ** Average tuition after scholarships is approximately $7,800. Scholarships may be awarded based on 6th semester transcripts. At the time in which final official transcripts are received, GCU may adjust the scholarship up if it is determined that student is eligible for a higher award. To be eligible, students must meet scholarship requirements. GCU reserves the right to decline scholarship awards for any reason. If a student does not meet the minimum renewal criteria, their scholarship will be forfeited. GCU reserves the right to change scholarship awards at any time without notice. Prices based on 2015-2016 rates, subject to change for 2016-2017.
Types of Financial Aid • Scholarships • Institutional • Private • Federal Financial Aid • Grants • Loans • Subsidized, Unsubsidized or Private • Federal Work Study
Scholarships • Institutional • Funding from the university • Ask about the eligibility requirements • How to apply? • Are these scholarships renewable? • Private • Funding from outside organizations, not university-specific • How do I receive these scholarship awards? • Are these scholarships renewable? • Do I receive the scholarship money or does the university?
Starting the Scholarship Search External Scholarships www.scholarships.com www.collegeboard.com www.finaid.org www.collegenet.com www.collegescholarships.com www.cappex.com www.collegeanswer.com www.scholarshipexperts.com www.scholarshipsaz.org www.thesalliemaefund.org
Overview • The 2020-2021 version of FAFSA on the Web will be available for applicants to use on October 1, 2019. • Students and parents should complete the FAFSA together . • You can use your 2018 Federal Income Tax information. • It is recommended that you use the Data Retrieval Tool to import the 2018 tax information directly onto the FAFSA. • Do not use a service promising that you will be eligible for aid with their assistance and a fee. The FAFSA is FREE!! • Submit as early as possible to ensure your school(s) receive it by their priority deadline (check with each school for their deadlines). 6
Who Can Receive Federal Aid • Must have a valid Social Security Number matching their name and date of birth • Must be enrolled in an eligible program of study pursuing a degree, certificate, or recognized credential • Must be a U.S. citizen or eligible non-citizen (permanent resident) who has registered with selective service (if born male). 7
Getting Started
FSA ID ! ! W W E E N N
Create a Federal Student Aid ID
Dependent Student with Parental Data
These fields are pre-filled based on FAFSA responses
Common FAFSA Mistakes • Not submitting the FAFSA • Using a nickname instead of a legal name • Both parent and/or student not signing the FAFSA • Divorced biological parents listing marital status of biological parents and not of the parent completing the app • Only listing income of the parent on the app; excluding their spouse • Entering financial numbers including cents; use whole dollars only • Including business income for a sole proprietorship with less than 100 employees • Including retirement accounts and/or personal home as investments • Including parents in the number of household members in college • Parents filling out student’s part/student filling out parent’s part • Domestic partners filing taxes as married and listing never married on the FAFSA 39
Questions ?? Admissions Representative Leisha Crawford Cell Phone: 937-408-4760 Email: Leisha.crawford@gcu.edu
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