Video instructions and help with filling out and completing Will Form 2220 Abroad

Instructions and Help about Will Form 2220 Abroad

Music hello I'm Jennifer Prosecco and I'm a financial aid representative here at the College of DuPage this video will provide you with a basic overview of how the financial aid process works here at the college and will hopefully make getting the financial aid you need much easier when we talk about financial aid we are typically talking about four different types of aid grants loans scholarships and work-study grants are money that is provided to students by the state and federal government that does not need to be paid back it's free money provided to you to help pay for your education most grants are need-based and are the most desirable type of financial aid but also the most limited scholarships are another type of free money that does not need to be paid back scholarship awards are given based on many factors including financial need academic achievement for your particular program of study work-study or student employment is another option available to students looking to finance their education students who qualify for work-study are encouraged to find positions on campus related to their job field students can earn up to $5,000 per academic year working as a student aide on campus and finally there are loans loans are money that is provided by the federal government that must be paid back with interest it is important that you only take out as much money as needed when using loans since you will be paying back this money with interest there are different types of grants loans and scholarships available to students and we will cover them in greater detail in a later video so you may be asking yourself how can I get this money first in order to receive most financial aid you must meet the eligibility requirements to be eligible for federal financial aid you must be a US citizen or eligible non-citizen have a high school diploma or GED be enrolled in an eligible degree or certificate program not be in default of a loan and for males aged 18 to 24 you must be registered for selective service and you must maintain satisfactory academic progress throughout your time here at College of DuPage maintaining satisfactory academic progress is important because if you fail to meet this requirement financial aid money can be taken away from you and you will be responsible for any money owed to the college to begin the process of applying for financial aid students must first apply to the college when you apply an account with the college is created that we can then tie your financial aid information to it will also provide you with a username and password that you can use to access your school email account as well as my access it is important that students check both my access and their school email throughout the financial aid process as this is the primary way the financial aid office will be communicating with you so if you haven't applied yet you can do so by going to the CEO D homepage at WWDC D U and clicking the apply Now button once you have applied to CEO D you will need to complete the Free Application for Federal Student Aid or FAFSA the FAFSA is a form used by the Department of Education that collects tax asset and household information to determine an individual family's financial need with this information a student aid report or SAR is compiled and sent to our office we use this report to calculate how much financial aid you qualify for a new FAFSA is released every year on January 1st students must fill out a new FAFSA every year they plan on applying for financial aid we encourage students to fill out the FAFSA as soon as possible after January 1st to make sure you don't miss out on any aid the 2014-2015 FAFSA that will be available starting January 1st 2014 will provide you with financial aid for the following school year that's fall semester of 2014 and spring semester of 2015 for most students if you're under the age of 24 you are considered a dependent this means that you and your parents will need to fill out the FAFSA when you complete the FAFSA you will need your social security number your driver's license if you have one federal tax information or tax returns records of untaxed income and any other information on assets such as checking and savings accounts real estate or investments if you are considered a dependent your parents will also need to provide this information make sure you go to fafsa.gov to complete the application there are websites out there that will try to charge you for the FAFSA remember it's the Free Application for Federal Student Aid and it is found at fafsa.gov you will need to enter a school code to tell the Department of Education where to send the FAFSA results to the school code for college of dupage is zero zero six six five six one other note about filling out the FAFSA to submit the FAFSA online students will need to obtain a federal student aid personal identification number or pin this pin serves as your electronic signature if you are completing the FAFSA with your parents they will also need to obtain a federal student aid pin we suggest that applicants obtain their PIN before filling out the FAFSA you can obtain your federal student aid pin at WWE ing D govt once you've submitted your FAFSA the office of student financial assistance will get the results in about three to four business days College of DuPage will notify you once we have received the results through your school email as well as through my access under communication some students may have their application selected for verification if your FAFSA application is selected for verification you will need to provide additional information to the financial