FAFSA Workshop�Lancaster High School�

Brett Underhill

Assistant Director of Need Analysis

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And

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Alex Courtney

Assistant Director of Athletics Aid and State Grants

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Office of Student Financial Aid and Scholarships

December 3, 2024

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Office of Student Financial Aid and Scholarships

December 3, 2024

The U.S. Department of Education believes that the responsibility for financing post-secondary education lies with a student and their parents.

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Federal financial aid funds are a way to assist families with that expense. Financial aid consists of funds provided to students and families to help pay for postsecondary educational expenses.

FAFSA Overview

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA must be submitted annually and serves as only application for federal/state aid at most schools. Apply at studentaid.gov.

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You and your parent(s) (if applicable) must approve the transfer of 2023 tax data from the IRS into the 2025-26 FAFSA. Parental tax data is required for most students.

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You and your parent(s) must have an FSA ID.

FAFSA Overview

Office of Student Financial Aid and Scholarships

December 3, 2024

The 2025-26 FAFSA is now available.

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Institutions must receive FAFSA results by their first-priority deadlines or consideration dates.

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Make sure you complete your FAFSA by the earliest first-priority date of the schools to which you are applying. Ohio University’s first-priority consideration date is February 15.

FAFSA Overview

Office of Student Financial Aid and Scholarships

December 3, 2024

Apply for an FSA ID

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• It is ESSENTIAL to request FSA IDs for student and parent(s) before beginning the FAFSA.
• FSA ID will require an email address. A mobile phone number can be used to verify the ID. An email address and mobile number can only be associated with one FSAID.
• A multi-factor authentication process will happen every time a person logs into the FAFSA.

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FAFSA Overview

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studentaid.gov/fsa-id/create-account/launch

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Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview

Office of Student Financial Aid and Scholarships

December 3, 2024

Necessary Documents:

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• Social Security Numbers for Student/Parent
• Student Driver’s License
• 2023 Federal Tax Return (Student/Parent)
• 2023 untaxed income records (Student/Parent)
• Includes child support received and other income not included in the IRS Adjusted Gross Income.
• Current bank statements (Student/Parent)

FAFSA Overview

Office of Student Financial Aid and Scholarships

December 3, 2024

Students and parents may begin, complete and submit a new FAFSA form. It is recommended the student begin the FAFSA.

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Dependent students must invite their parent(s) to contribute to their form, if parent information is required.

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Students and parent contributors must provide consent and approval to retrieve and disclose federal tax information from IRS for the student to be eligible for federal aid.

FAFSA Overview

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

Are your parents married to each other?

• If yes, provide information about both parents
• If no, next question

Do the parents live together?

• If yes, provide information about both parents
• If no, next question

Did one parent provide more financial support than the other over the past 12 months?

• If both parents provided equal amount of financial support or if they don’t support the student financially, select “No”. You must report the parent with greater income or assets in the next question.
• Has parent you identified in previous question remarried?
• If yes, provide information for parent and stepparent.
• If no, provide information about this parent only.

FAFSA Overview

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

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Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

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FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview - Student

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview – Parent(s)

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview – Parent(s)

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview – Parent(s)

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview – Parent(s)

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview – Parent(s)

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview – Parent(s)

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview – Parent(s)

Select if anyone in your household received free/reduced-price school lunch in 2023 or 2024 based on household income and guidelines.

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Do not select if you do not meet household income guidelines, but attend in a school district that is eligible based on low-income guidelines.

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview – Parent(s)

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview – Parent(s)

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview – Parent(s)

Office of Student Financial Aid and Scholarships

December 3, 2024

FAFSA Overview – Parent(s)

Office of Student Financial Aid and Scholarships

December 3, 2024

Each school listed on your FAFSA will receive the results of your FAFSA electronically.

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You may be selected for a process called Verification where tax transcripts and/or W-2 forms are requested by your school.

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Ohio University will begin mailing financial aid offers to freshmen students in March.

FAFSA Overview

Office of Student Financial Aid and Scholarships

December 3, 2024

Ohio University begins sending comprehensive Financial Aid Offers to incoming freshmen in March. Federal, state, and institutional financial aid is offered to students whose FAFSA results have been received.

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If selected for verification, students must provide requested documents prior to being offered aid.

Financial Aid Awarding

Office of Student Financial Aid and Scholarships

December 3, 2024

Gift Aid – Scholarships

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For all schools you are considering, determine individual scholarship application processes.

• Application for admission serves as the only application for freshmen scholarships at Ohio University. If you applied by our early action date of November 15 you will receive full scholarship consideration.

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Scholarships are typically based on academic merit (high school GPA). Some may consider financial need as well.

Financial Aid Awarding

Office of Student Financial Aid and Scholarships

December 3, 2024

OHIO Excellence Awards Program – Athens Campus

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• Apply by November 15, 2024, for consideration.
• Academic merit demonstrated by high school GPA
• Financial need, determined by the FAFSA and received by first-priority consideration date of February 15, 2025.
• Updated test scores and GPA received through January 15, 2025
• All applicants receive full scholarship consideration, regardless of ACT/SAT submission or scores. Test scores, if submitted, are considered only if doing so increases award amounts.

Financial Aid Awarding

Office of Student Financial Aid and Scholarships

December 3, 2024

OHIO Regional Advantage Awards Program – Regional Campuses

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• Apply by December 1, 2024, for Regional Distinction consideration.
• Apply by February 15, 2025, for Regional Action, Regional Promise, Regional Advantage consideration.
• Academic merit demonstrated by high school GPA
• Financial need, determined by the FAFSA and received by first-priority consideration date of February 15, 2025.
• Updated test scores and GPA received through January 15, 2025
• All applicants receive full scholarship consideration, regardless of ACT/SAT submission or scores. Test scores, if submitted, are considered only if doing so increases award amounts.

Financial Aid Awarding

Office of Student Financial Aid and Scholarships

December 3, 2024

Gift Aid – Grants

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Funds that are not repaid.

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Resources include federal, state, and institutional.

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Federal Pell Grant eligibility and award amounts are determined by the FAFSA.

Financial Aid Awarding

Office of Student Financial Aid and Scholarships

December 3, 2024

Self-Help Aid – Federal Work-Study

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Funds are earned through work.

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Payments are received through bi-weekly paychecks based on hours worked. Funds are not applied directly to university bill.

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Awards are based on financial need and funds are limited.

Financial Aid Awarding

Office of Student Financial Aid and Scholarships

December 3, 2024

Self-Help Aid – Federal Direct Loans

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Funds are awarded at maximum amounts.

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Loan repayment begins six months after you graduate or drop below half-time enrollment.

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Loan funds must be repaid. Only borrow as much as necessary.

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Freshmen loan limits are $5,500 per year.

Financial Aid Awarding

Office of Student Financial Aid and Scholarships

December 3, 2024

Self-Help Aid – Federal Direct Loans

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Subsidized loans – These loans are based on financial need and do not accrue interest while in school or during periods of deferment.

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Unsubsidized loans – These loans do accrue interest while in school.

Financial Aid Awarding

Office of Student Financial Aid and Scholarships

December 3, 2024

Financial aid offers are based on the best information available to the school at that time.

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If you make changes to your FAFSA or the university updates your FAFSA based on requested documentation, your offer could change.

Financial Aid Awarding

Office of Student Financial Aid and Scholarships

December 3, 2024

Additional Resources

Office of Student Financial Aid and Scholarships

December 3, 2024

Self-Help Aid – Federal Direct Parent Loans (PLUS)

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Loan must be in a biological or step-parent’s name (if step-parent is on the FAFSA). Cannot be transferred to student.

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Requires parent to be credit-worthy or have a credit-worthy co-signer.

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Repayment can be deferred until 6 months after the student graduates or drops below half-time.

Additional Resources

Office of Student Financial Aid and Scholarships

December 3, 2024

Self-Help Aid – Private Loans

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Loans may be in a student’s name or parent’s name.

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Requires student or parent borrower to be credit-worthy or have a credit-worthy co-signer.

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Repayment can be deferred until 6 months after graduation or dropping below half-time.

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May have higher interest rates than Federal Direct Loans.

Additional Resources

Office of Student Financial Aid and Scholarships

December 3, 2024

Local Scholarships

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Students should research scholarships available in their hometowns. Some organizations offer scholarships, such as churches, unions, employers, and social organizations.

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There are online scholarship search engines that are free to use such as fastweb.com.

Additional Resources

Thank you!

Office of Student Financial Aid and Scholarships

December 3, 2024

Office of Student Financial Aid and Scholarships

December 3, 2024

Office of Student Financial Aid and Scholarships

1 Ohio University Drive

Chubb Hall 020

(740) 593.4141 (Phone)

(740) 593.4140 (Fax)

ohio.edu/financial-aid

Email: financial.aid@ohio.edu

Monday – Friday, 8:00 am – 5:00 pm

Office Hours and Contact Info