Monday, January 5, 2009

Important Financial Aid Information

Seniors!
You are done with your UC and CSU applications! And you're probably right in the middle of your private school applications. Now is the time to start applying for financial aid. Get started right away! We are here to help you so don't miss out.

Jan. 12th: English 12 Senior Workshops Periods 1-7 in the Manor.
Jan. 14: Financial Aid Night 6:30 p.m. – 7:30 p.m. in the Manor(English) & Little Theater (Spanish).
Jan. 30, Feb. 12, 20, 27: 12:15 – 3:00 p.m. in the library.

GETTING STARTED:

There is information you need to have available in order to complete the FAFSA worksheet or the FAFSA application. You will need to have your name, birth date and social security number. Your name has to be listed exactly as it appears on your social security card. You will need to provide information on your parents. If you live with only one parent than you only need the information for the parent you live with. Here are the key items you need to know:
Parents’ birth date, parents’ social security number (usually found on the tax return we are going to use, and date of marriage, divorce, separation or death (you will need the month and year for the marital status of your parent).

Savings and checking accounts – you need to know the balance. If your parents only have a checking account they use to pay bills, you only need to list the balance left over after they pay their bills.

You need the 2008 Federal Tax Returns including the W-2’s for you and your parents. If your parents haven’t filed yet, you can use the 2007 Federal Tax Returns and W-2’s.
If your parents do not file taxes and they are on fixed income, i.e. unemployment, social security, retirement pension or public assistance, you just need to know how much they get per month and you will multiply by 12 months to get an annual dollar amount.

If your parents are self-employed and own their own business you need to ask them how much the business is worth? Usually the person that does their taxes can give them an amount.
Once you have all this information you can start completing the FAFSA worksheet, answer each question and don’t leave blanks. If you get to a question you don’t understand, circle it and ask during the on line workshops or during lunch time on Fridays you can see Mrs. Sandoval
Once your worksheet is complete you can get on line and start the FAFSA application. Go to www.fafsa.ed.gov and get started. Make sure when you select the application year from the drop down menu that you select FAFSA application 2009-2010.

DEADLINE TO SUBMIT/MAIL FAFSA IS MARCH 2, 2009 to be eligible for the state money (CAL GRANTS).