What You need to Know About your financial aid at sf state!!

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What YOU Need to Know About YOUR FINANCIAL AID at SF State!!

  • Financial Aid Counselor Scholarship Specialist/AB 540 Counselor
  • San Francisco State University


  • Students HAVE to Apply Every YEAR!
  • Should Complete in January or February (Prior to March 2nd)
  • Recommended to Sign Application with P.I.N.
  • Completing Application is only the First Step
  • Financial Aid Eligibility is Based Primarily on
    • 2014 Income & Investments
    • 2015 Household Size
  • If Household Income Changes, Contact the Financial Aid Office after June 2015 to determine steps/paperwork necessary to review eligibility for need-based aid.

How Does My Financial Aid Get Calculated???

  • Estimated Family Contribution* (EFC)=
  • Financial Need
  • Registration & Fees
  • Room & Board
  • Books & Supplies
  • Transportation
  • Personal Expenses
  • Total Cost of Attendance
  • Student Contribution
  • + Parent Contribution
  • = Estimated Family Contribution
  • *The calculation of the EFC is based on the information submitted on the FAFSA, such as income and investments
  • Determines the eligibility of the student for Federal & State Financial Aid
  • (Grants, Loans, Workstudy & Scholarships)
  • Financial Aid Offer

What Does Financial Aid Pay For??

  • Tuition (paying your classes, gym, health clinic, student services & fun activities!)
  • Where You Live (at home, in the dorms, your own apartment)
  • School Books & Supplies
  • How You Get Back & Forth to School (BART, bus, car & parking costs, bike, walk)
  • Personal Expenses (Educational Related Costs)

THINGS Financial Aid Usually Doesn’t Cover

  • Housing Deposit (due with License)
  • Books Options Before First Disbursement
    • SF State Program ~ BayBucks
    • Project Connect Book Loan Program
  • Financial Aid CANNOT Release Until One Week Before School Starts Each Semester.


  • WHEN School Begins, If Financial Aid is ALL IN ORDER
  • $$ comes to the School
  • Tuition & Other Fees (Dorms, etc) are DEDUCTED
  • $$$ BALANCE Goes to STUDENT and/or PARENT
  • OR
  • $$ Student pays OUTSTANDING Fees
  • Prior to First Day of Classes or Stated Deadline

GRANTS = Free $$ to STUDY!

  • Federal Grants:
    • Pell
    • SEOG
  • State:
    • Cal Grants A & B
    • State University (CSU)
    • EOP Grant

Federal STUDENT LOANS interest rates subject to change on July 1, 2015

  • Subsidized Loans:
  • Gov’t Pays Interest While You’re in School
  • 4.66 % Interest
  • Maximum Amount ~ Freshmen: $3,500
  • Sophomores $4,500 Juniors/Seniors $5,500
  • UNSubsidized Loans:
  • Interest Accrues While You’re in School ~ We recommend you pay interest & it’s tax-deductible
  • 4.66% Interest
  • Maximum Amount for Dependents: $2,000

Federal PARENT LOANS interest rates subject to change on July 1, 2015

  • Based on CREDIT ~ 7.21% Interest Rate
  • Parent Must complete ALL three steps AFTER July 1st:
    • 1) SF State Parent Plus form 2) Apply at studentloans.gov 3) Complete Master Promissory Note
  • Parent Must Be APPROVED based on credit
  • Interest Accrues While Student Is in School
  • Maximum Loan Amount: Difference Between Student Financial Aid & Cost of Attendance
  • If Parent Declined, Student Can Increase Unsubsidized Loan $4,000 ~ Contact School for Instructions


  • Need-Based Aid that You EARN
  • Great Option for PT job at School
  • Get Connected to Staff/Faculty on Campus
  • Can Work as a Tutor with America Reads
  • Work-study is not counted as income on FAFSA if listed on next year’s application Students ineligible for federal work-study can also seek employment as Student Assistants


  • 2015-16 SF State
  • Tuition $6,468
  • Room & Board $13,434
  • Books & Supplies $1,860
  • Transportation $1,486
  • Personal Expenses $1,392
  • TOTAL $24,640
  • COA is found on your award letter & financial aid website

MARCH 2ND !*!*!


College Student Undergraduate Federal/State Financial Aid Programs

  • Financial assistance earned by a student through employment.
  • Financial aid that does not have to be repaid.
  • LOANS:
  • Money loaned to students. Repayment begins after student has left college.
  • Federal
  • Work Study
  • Up to $4,000
  • Pell
  • $555 - $5,865
  • Perkins
  • $1,000 per year
  • SEOG
  • Up to $500
  • Stafford/Federal Direct Loan:
  • Subsidized &
  • Unsubsidized.
  • $5,500 - $7,500 per year
  • Cal Grant A
  • $5,472
  • Cal Grant B
  • $7,120
  • EOP Grant
  • Up to $800
  • Parent Plus Loan
  • Up to $24,640 at SF State
  • University Grant
  • $5,472
  • IF Denied :

For CAL GRANTS: www.csac.ca.gov Create an account at WebGrants4Students

Check your CAL Grant status and Make SURE the Proper School is Listed

Becoming an AB 540 Student

  • Allows certain categories of non-resident students to pay in-state tuition fees
  • Must file AB 540 affidavit & present official CA high school transcripts to be exempt from non- resident fees
  • Requires 3 Years of CA HS or primary school and Graduate from CA High school or Equivalent
  • Applies to Citizens & Non-Citizens
  • www.sfsu.edu/~finaid/ab540

Where Do I Get INFO/HELP with My Financial Aid??

  • FAFSA www.fafsa.ed.gov
  • CA Dream Application www.caldreamact.org
  • SF State Financial Aid Website
    • www.sfsu.edu/~finaid
  • SF State Gateway Student Center www.gateway.sfsu.edu

Figure out YOUR Budget… Do You NEED LOANS?

  • Tuition~ Has to Be Covered FOR SURE!
  • Books~ Project Connect Book Loan? Rental? Half.com?
  • Transportation ~ (Plane, Train, Car or Bus Pass)
    • Example: BART from Fremont to Daly City = $12 Roundtrip
    • School 3xs week = $36 for 15 weeks= $540 per SEMESTER!!
  • Dorms or Housing~ HOW MUCH is IT? Monthly Payment Plan? Do You Have to Pay a Deposit?
  • Personal Expenses ~ Educational Expenses, Computer, etc.

USE the Per Semester Budget Worksheet www.sfsu.edu/~finaid

Financial Aid Office at SF State

    • Experienced Counselors Available
    • Visit or Call with Questions ~ BE PROACTIVE!
    • OneStop, Student Services Building, Monday-Friday 9:00-5:00
    • By Phone: M-F 9:00 to 4:30 415.338.7000
    • Via email: finaid@sfsu.edu

Key Times to Check Financial Aid Status

  • FAFSA or DREAM website
    • Check Two Days After Applying
  • SF State Student Center gateway.sfsu.edu
    • March ~ Income Verification or Documents
    • Mid-April ~ To View Award
    • PRIOR to Your Student Orientation
    • Right Before Fee Payment Deadlines
      • Fall: Early July & Mid August for Fall
    • Just Before Classes Begin

Student Center – TO DO List

To Do List ~ Income Verification

Verifying Your Income

  • Students are randomly selected by FAFSA or DREAM to verify household income and family size
  • Student/Parent completes Income Verification Sheets AND
  • USES the Data Retrieval Tool at www.fafsa.ed.gov OR
  • SUBMIT Tax Return TRANSCRIPT from IRS, if student or parent cannot use data retrieval tool

15-16 Dependent Student Verification Form

Verification of Family Household Size

Parents Who are Tax Filers

Parents Who Don’t File Taxes

Student Tax Information

The IRS Data Retrieval Tool is accessible through the FAFSA website

  • http://www.fafsa.ed.gov

“Financial Information” Section of FAFSA

  • How the questions under the
  • “Financial Information” section
  • are answered, determines
  • whether you can use the tool.
  • Data Retrieval Tool is AVAILABLE for BOTH Parents & Students


  • If you are eligible to use the IRS Data Retrieval Tool, you will be prompted to:
  • Enter your FAFSA Pin
  • Number
  • 2. Select Link to IRS

FAFSA – IRS Data Link

  • After you are connected to the IRS.gov website:
  • Review your tax information for accuracy
  • Select the appropriate box below.
  • Select Transfer Now.
  • You will then be returned to the FAFSA website.
  • Your Data will now be transferred to your FAFSA
  • You MUST sign with FAFSA PIN & resubmit your FAFSA to complete the process.

Print Tax Return Transcript from www.irs.gov

VIEWING Your Financial Aid AWARD Student Center ~ www.gateway.sfsu.edu

  • Will BE Available to VIEW in Mid to Late APRIL

MOST Common Reasons Financial Aid Award Could be Delayed

  • Not Formally Admitted to the School
  • Invalid FAFSA: Discrepancy with Name, Date of Birth and/or Social Security Number
  • Financial Aid File is INCOMPLTE:
    • Didn’t sign FAFSA or DREAM App
    • Specific Documentation Needed (Foster Youth, Marriage or Birth Certificate, etc. )
  • Selected for Income Verification

Account Summary = Balance DUE

Students Receiving Financial Aid Have a SPECIFIC Deadline to Pay FEES

Handle Your BUSINESS!*!

  • Check your Financial Aid Status at www.gateway.sfsu.edu
  • SHARE Responsibility between Parent & Student to ensure everything is in order.
  • BUDGET Your Money!
  • Take Advantage of all Resources Available!
  • Ask for Help if you Need it!


  • Looking for Scholarships
  • Scholarships for Grades, Community Service, Your Major, Geographic Area, Ethnicity & MORE!
  • Apply for AS MANY AS POSSIBLE!
  • Apply Early ~Majority of Deadlines are Jan – June
  • Use a Scholarship CHART
  • Writing the Essay
  • Tell Your Story!
  • One Good Essay can be the Base!
  • Write & Re-Write Your Essay!
  • Work Your Chart!

Scholarship Website

  • Campus Scholarships
  • Outside scholarships
  • www.sfsu.edu/~finaid/scholarships

Campus Scholarships ~ SF State ONLY ~

Getting Started ~ Campus Scholarships

  • Sign in with your SF State ID & Password
  • Complete General Application to START

External Scholarships ~Private/ Community Scholarships~


Make A Friend In Financial AID!!

    • SF State Office of Student Financial Aid
    • OneStop, Student Services Building, Monday-Friday 9:00-5:00
    • By Phone: M-F 9:00 to 4:30 415.338.7000
    • Via email: finaid@sfsu.edu

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