FAFSA Preparation

11th GradePrepare for Postsecondary

Financial Aid #3

Pre-Test

1. What is FAFSA an acronym for?2. When do you need to start working on

your FAFSA application?3. What does the FAFSA4caster do?

Objectives

• Understand the importance of completing the FAFSA application

• Learn more details about the FAFSA• Find financial aid estimate information

from colleges of interest websites• Know how to use the FAFSA4caster• Update Postsecondary Plan

Review Last Lesson

• Word students should type in the Search Field at colleges websites for Financial Aid info– Tuition

• Major costs for a postsecondary education– Tuition, Fees, Room, Board

• Types of financial aid that students don’t need to pay back– Grants, Scholarships, Work Study

FAFSA Information

1. Free Application for Federal Student Aid (FAFSA)

2. First and required step to receive college financial aid

3. Most states and colleges use FAFSA information to award non-federal aid

More FAFSA Information

1. Can complete after January 1st before your freshman year in college

2. Complete tax return before the FAFSA 3. Should complete FAFSA in January to

learn financial aid amounts before making college decision

4. Students applying for early decision can often get financial aid estimate

How much aid will I receive?

1. Some aid determined by college financial aid office

2. Based on your FAFSA information3. FAFSA calculates your Expected Family

Contribution (EFC) toward expenses 4. Common types of financial aid– Grants, scholarships, work study, loan

www.fafsa.gov

Apply for PIN Number in December

Alexandria Technical/Community College

Student Financial Services

FAFSA4caster

Financial Aid Estimate

Low Income Student: Update Postsecondary Plan

Find Financial Aid Estimate

1. Find financial aid estimate on colleges of interest websites

2. And/or3. Use the FAFSA4caster– www.Fafsa4Caster.ed.gov

4. Record financial aid estimates 5. Update Postsecondary Plan

Pair and Share

1. Will you use your colleges of interest financial aid estimate webpage or the FAFSA4caster?

2. What type of financial aid do you think will help you the most? Why?

Post-Test

1. What is FAFSA an acronym for?2. When do you need to start working on

your FAFSA application?3. What does the FAFSA4caster do?

Review

• FAFSA acronym– Free Application for Federal Student Aid

• When to start working on FAFSA application– January before your freshman year of college

• What the FAFSA4caster does– Provides a college financial aid estimate