Fall 2018/Spring 2019

It's time to fill out the FAFSA if you are planning to attend college. 

Go to: www.fafsa.gov 

Applying for financial aid for fall 2018 and/or spring 2019? Please wait for the 2017-18 PROFILE Application, available starting October 1, 2018.

Repayment Options: SALT
ATTENTION STUDENTS AND PARENTS:
The following University's are offering free tuition at their schools if your 
student meets eligibility requirements under the Pine Tree State Pledge

University of Maine Augusta
University of Maine Presque Isle
University of Maine Machias
University of Maine Fort Kent

5 Back to School Tips for Adult Learners 

5 Things to Know When Reviewing Award Letters 

5 Tips to Help You Navigate the Verification Process

5 Benefits of Education after High School

5 Tips for Completing the FAFSA

YouTube Video

5 Tips on How to Make College Affordable 

Five Steps to Take Before Borrowing a Student Loan

FIVE SCHOLARSHIP OPPORTUNITIES FOR COLLEGE 

Five Things Students & Families Need to Do If Selected for Verification

5 Tips for completing the 2018-2019 FAFSA

5 Tips for Repaying Your Student Loans

Five Ways FAME can help Maine Students

Five Free Apps to Help You Get Money Smart

Five Tips for a Smooth Transition to College

Five Awards to Help with Graduate-Level Education

Five Tips for Completing the FAFSA

File your Free Application for Federal Student Aid (FAFSA) today

Five FAQs About Opportunity Maine (Maine's Student Loan Tax Credit Program)

Five Situations When a High School Senior Can Be Considered Independent When Filing the FAFSA

Five websites for student loan information

Five Ways to Pay the Bill

Five Strategies for Decoding Financial Aid Award Offers

Financial Aid Quick References

5 Prep Steps for an Easy FAFSA

Five Steps to Take Before Refinancing or Consolidation Your Student Loans




Changes to FAFSA:  So what does this change for students and families? 

Beginning with the 2018-19 FAFSA, the form will become available in October instead of January.  This should allow colleges to provide financial aid offers earlier than in the past. The FAFSA will collect the family’s prior-prior year tax data, from tax returns that were finalized months earlier.  No more estimating and then having to go back later and transfer data from the IRS.  Students graduating in 2018, who would previously had to wait until January 2018 to apply for aid based on estimated 2016 tax information, will now apply for financial aid as early as October 2018, providing only their 2017 tax information.  Numbers will be final, accurate, and easier to transfer from the IRS to the FAFSA.

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Financial Aid is an important part of the college application process.  Generally, there are three different ways that students need to apply for Financial Aid each year that they are in college.

1. FAFSA - Free Application for Federal Student Aid

The FAFSA is available online beginning on January first at www.fafsa.gov.  Completing the FAFSA is the ONLY WAY to qualify for federal and state based financial aid.  STUDENTS MUST FILE THE FAFSA TO BE CONSIDERED FOR AID EVERY YEAR THEY ARE PLANNING ON ATTENDING COLLEGE.  Students who are enrolling this Fall, 2018 in college should complete the FAFSA this January, soon after the 1/1/19 release date.

Documents students and families need in order to file the FAFSA:   You will need records of income earned in the year prior to when you will start school. You may also need records of your parents' income information if you are a dependent student.

For the 2018-2019 school year you will need financial information from 2017. You may need to refer to:

  • Your Social Security card. It is important that you enter your Social Security Number correctly!
  • Your driver's license (if any)
  • Your 2017 W-2 forms and other records of money earned
  • Your (and if married, your spouse's) 2017 Federal Income Tax Return.
    • IRS 1040, 1040A, 1040 EZ
    • Foreign Tax Return, or
    • Tax Return for Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, the Federal States of Micronesia, or Palau
  • Your Parents' 2017 Federal Income Tax Return (if you are a dependent student)
  • Your 2018 untaxed income records
  • Your current bank statements
  • Your current business and investment mortgage information, business and farm records, stock, bond and other investment records
  • Your alien registration or permanent resident card (if you are not a U.S. citizen)

To organize your information, you can print and complete a FAFSA on the Web Worksheet before you begin entering your information online. However, you are not required to do so. FAFSA on the Web will guide you through the questions that you must answer, and you can save

your application and return to it later if you don't have the information you need to answer any of the questions.

Keep these records! You may need them again. Do not mail your records to Federal Student Aid.

Filing a Free Application for Federal Student Aid (FAFSA) is the first step to accessing financial aid. FAME offers In-Person Help Sessions to assist you in completing your FAFSA.


Every FAME In-Person Help Session is staffed with a financial aid expert to explain how to get your FAFSA started, answer any questions you might have, and help you get it done quickly and easily. Most people can complete the FAFSA in 30 minutes or less.

All FAME In-Person Help Session participants can enter a drawing to win one of three $1,000 scholarships!

To attend one of our remaining events, visit our In-Person Help Session page or check out our Online Help for tips to help you file your FAFSA at home.

Don't know what to bring with you? Visit FAMEmaine.com/FAFSA for a prep list.

If you or someone you know is thinking about college next year, file the 2016-2017 Free Application for Federal Student Aid (FAFSA) at fafsa.gov. The 2016-2017 FAFSA will become available on January 1

  • It's easier than you think - most people are able to fill out the FAFSA in 30 minutes or less!
  • Apply early - the earlier you apply for financial aid, the more you may receive.
  • Not sure about college? File anyway - filing the FAFSA does not commit you to going. It will give you an idea of how much money may be available if you choose to attend.

2.  The CSS Profile 


The CSS Profile is a financial aid form that is required by many private colleges and universities.  Maine Community Colleges and Maine's Public 4-year colleges and Universities (UMaine, UMF, etc.)
 DO NOT REQUIRE THE CSS PROFILE.


The fast, easy, convenient secure way to apply for financial aid

Welcome to PROFILE, the financial aid application service of the College Board -- a national, not-for-profit membership association whose mission is to connect students to college success and opportunity. Many of the member colleges, universities, graduate and professional schools, and scholarship programs use the information collected on PROFILE to help them award non-federal student aid funds.

Completing PROFILE Online requires you to have a secure browser and either a valid credit card or checking account.

If you submitted a 2017-2018 PROFILE Application and sign in using your user name from last year, we will pre-fill some of your information using last year's application. If you have forgotten your user name or password, click on "FALL 2018/SPRING 2019" below then click on "Forgot your user name?" or "Forgot your password?" and follow the directions.

Click to view the list of colleges, universities, and scholarship programs that will use the 2018-19 PROFILE, Noncustodial PROFILE (NCP), and IDOC Services.

3.  Searching for Scholarships

Please see the Scholarships tab on the MHS site for more information. It is important to remember that scholarships (most often) do not find students....STUDENTS FIND SCHOLARSHIPS! Just like the Lottery, you can't win if you don't play!  We strongly encourage students to apply for as many scholarships as they see fit, and continually use the resources on the MHS Guidance Page to assist with scholarship searches.



LendEDU!

Financial Aid Questions:  New Texting Service Available

We have created a completely free course for incoming and current college students to learn about financial aid, scholarships, and student loans.

The course contains 4 main sections with 22 short lectures and should not take any longer than about an hour and a half to complete. In addition, many of the lectures have videos embedded to help provide more information to students.

We think this course would be very beneficial in helping your students gain a general understanding of their different options when paying for college. We created this because we have found that many students simply do not have this basic understanding and often make financial mistakes because of it.

We would appreciate if you could share our course with your students on your website. Putting it on your website would help more students take advantage of the free course we have created.

It can be found at: https://lendedu.com/blog/financial-aid-scholarships-student-loans-101-course/ 


FAME offers students and families three ways to get help with their FAFSA:

1.    Contact a FAME expert:
2.    In-Person Help Sessions:

FAME's help sessions will be held statewide between early January and mid-February. Visit FAMEmaine.com/FAFSA for a searchable event list.

3.    Online Help: FAMEmaine.com/FAFSA
  • Follow our 3-step guide: Prepare, File and Follow Up
  • Read our FAFSA FAQ's
  • Watch our video overview (video for 2015-2016 FAFSA available January 2)





FAME SUGGESTS THAT EVERY STUDENT/PARENT WHO FILES THE FAFSA ALSO REQUESTS A TAX TRANSCRIPT TO KEEP FOR YOUR RECORDS. WHEN YOU COMPLETE YOUR ANNUAL TAXES, BE SURE TO REQUEST A TAX TRANSCRIPT. THIS WILL HELP IN CASE YOUR FAFSA IS SELECTED FOR VERIFICATION. IT WILL SAVE YOU TIME AND HASSLE!!!


Subpages (1): SALT
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Darcy York,
Oct 10, 2014, 9:32 AM
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Darcy York,
Oct 10, 2014, 9:32 AM
Ċ
Darcy York,
Oct 10, 2014, 9:32 AM