Smart Money Moves December 2021

SMART MONEY MOVES NEWSLETTER | DECEMBER 2021

Submit your FASFA NOW!

Crosby UPCOMING LEARNING

Scholarships

OPPORTUNITIES &

EVENTS

Open Jan 3

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December 2021

The FAFSA is now OPEN! Apply TODAY! The Free Application for Federal Student Aid, or FAFSA, is a form Colleges and Universities use to determine your eligibility for federal, state, and college-sponsored financial aid, including state grants, federal student loans, and work-study programs. The only way to know if you are eligible to receive state and federal financial aid funds is to submit a 2022-23 FAFSA.

The earlier you submit your FAFSA, the better chance you will have at securing the maximum amount of federal and institutional financial aid for college. Don't wait, get your FSA ID and get started on your 2022-23 FAFSA today!

awilson@crosbyscholars.org

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December 2021

Crosby Scholars Scholarship Opportunities

Looking for scholarships to apply for? We've got you covered! Crosby Scholars offers several scholarship opportunities specifically for Crosby Scholar seniors!

Apply inside your Crosby Scholars Student Portal beginning January 3, 2022. Students may apply for as many of our scholarships as they are eligible for.

Crosby Scholars Scholarship opportunities will be posted every Monday, so check your Crosby Scholars Student Portal each week!

awilson@crosbyscholars.org

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www.crosbyscholars.org

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December 2021

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awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

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December 2021

Crosby Scholars Upcoming Learning Opportunities & Events

January 3: Crosby Scholarship

Opportunities open in the Crosby

Scholars Student Portal. Students

must submit an online application by

clicking on the 'Scholarship

Applications' page to be considered.

January 12: How to Apply for Crosby

Scholarships Webinar (details will be

emailed to all students and parents.)

Need help? Schedule an individual virtual meeting to discuss any questions or concerns Contact Ashly Wilson at awilson@crosbyscholars.org or 336-582-0015

awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

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December 2021

CSS Profile Fee Waivers

You are eligible to receive CSS Profile fee waivers if you are a firstyear undergraduate applicant whose parents live in the U.S. You may receive a fee waiver if:

Domestic undergraduate students may submit CSS Profile for free if: 1. Family adjusted gross income is up to $100,000 2. The student qualified for an SAT fee waiver 3. The student is an orphan or ward of the court under the age of 24 4. CSS Profile for noncustodial parents of domestic undergraduate students is free to submit for noncustodial parents whose family adjusted gross income is up to $100,000.

Read the CSS Profile's FAQ for more details on the CSS Profile Fee Waiver program.

awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

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December 2021

UNC School System FAFSA Priority Filing Dates Don't miss these UNC School System FAFSA Priority Filing Deadlines

Make sure you know the institutional Financial Aid priority deadline for your school! Filing out and submitting your 2022-23 FAFSA by a school's Institutional priority deadline is the best way to ensure you will be considered for the most federal and state financial aid funds.

UNC School System FAFSA Priority Filing Dates

Appalachian State University -- March 1st East Carolina University -- March 1st Elizabeth City State University -- March 1st Fayetteville State University -- January 15th

North Carolina Central University -- March 15th North Carolina State University -- March 1st University of North Carolina at Asheville -- March 1st University of North Carolina at Chapel Hill -- March 1st

University of North Carolina at Pembroke -- March 1st University of North Carolina at Wilmington -- January 1st University of North Carolina School of the Arts – March 1st Western Carolina University -- January 1st Winston Salem State University -- March 1st University of North Carolina at Charlotte -- March 1st

If you do not see your school listed, you can find their FAFSA priority deadline by checking the Financial Aid section of their website!

awilson@crosbyscholars.org

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December 2021

I Submitted my FAFSA: What Happens Now?

1. Within 3 days to 3 weeks after filing the FAFSA, you will receive notification from the Federal Government that your Student Aid Report (SAR) has been processed. The SAR is a summary of the information you and your parent(s) provided on the FAFSA. Log into your FAFSA at any time to check your status.

2. Look over your SAR to make sure you did not make a mistake on your FAFSA. (The SAR won't tell you how much financial aid you'll get; The SAR is only a summary of your information reported.)

3. If you have been admitted to a college or university, and you listed that college or university on the FAFSA, each school will calculate your financial aid package and will send you an electronic or paper aid offer, called a Financial Aid Offer letting you how much aid (scholarships, federal and state grants, federal work study and federal student loans) you are eligible to receive at each school. The timing of the financial aid offer varies from school to school. It depends on when you apply and how the school prefers to schedule awarding of aid.

If you need help interpreting your Financial Aid offer, or if you have questions about the Financial Aid process, reach out to our Financial Aid Coordinator, Ashly Wilson at awilson@crosbyscholars.org or 336-582-0015.

awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

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December 2021

What if I make a mistake on the FAFSA?

Once your application has been processed, you can correct your FAFSA online or on paper. (Making corrections online is the easiest and fastest option.)

You can also contact the financial aid office at the school that you have been accepted at to see if they can make the correction for you.

Note: The online FAFSA doesn’t allow you to change your Social Security number (SSN).

If you made a mistake in reporting your SSN, ask the financial aid office at the school you plan to attend whether you should start over again and submit a new FAFSA.

What do I do if my FAFSA has been selected for Verification?

You might see a note on your Student Aid Report (SAR) saying you've been selected for Verification; or your school might contact you to inform you that you've been selected.

Verification is the process your school uses to confirm that the data reported on the FAFSA is accurate.

If you're selected for Verification, don't assume you're being accused of doing anything wrong! Some people are selected at random; and some schools verify all students' FAFSAs. All you need to do is provide the documentation your school asks for - and be sure to do so by the school's deadline, or your financial aid could be delayed or rescinded.

If you used the Internal Revenue Service Data Retrieval Tool (IRS DRT) when filing the FAFSA, you will not have to verify that information. If you didn't use the IRS DRT and you're selected for verification, log back in at fafsa.gov to see whether you can use IRS DRT to fill in the relevant fields on your FAFSA.

awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

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December 2021

Direct Parent PLUS Loans As you explore options to help fund your seniors college education, you may hear about a type of loan that you as a Parent can borrow on behalf of your student to help pay college expenses. Federal Direct PLUS Loans are a great option if you need money to pay your child’s education expenses, but you’ll want to make sure you understand the loan terms before you get one.

After submitting the FAFSA, your senior will begin to receive Financial Aid offers from schools that will include grants, federal work-study, scholarships, school and state aid, and federal student loans. But did you know those federal loans may include a type of loan called a Federal Direct PLUS Loan that you can get as a parent borrower?

awilson@crosbyscholars.org

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December 2021

What is the Crosby Scholars Finish the FAFSA Agreement?

Parents, if you have logged into your Crosby Scholars Student Portal recently, you may have noticed a new pop-up box asking you to provide your consent for the Crosby Scholars Finish the FAFSA Agreement.

What is Crosby Scholars Finish the FAFSA Agreement and why is it important?

Crosby Scholars Finish the FAFSA Agreement allows Crosby Scholars Financial Aid Coordinator to provide support to students and families who need help submitting the Free Application for Federal Student Aid, or FAFSA, during their senior year in high school. The Finish the FAFSA Agreement DOES NOT disclose any personal financial information. The Finish the FAFSA Agreement does not disclose any information on family or student income, citizenship information, social security numbers or any other personally identifiable information. The Finish the FAFSA Agreement data is not used for any purpose other than to offer students assistance with FAFSA completion. The Finish the FAFSA data will not be used to identify your student in any way.

Crosby Scholars Financial Aid Coordinator will only be able to confirm if your student has submitted and signed their FAFSA form, or if they have been selected for an additional FAFSA screening process called Verification. Crosby Scholars Financial Aid Coordinator will then contact your or your student to offer assistance with completion.

Submitting a FAFSA is a critical step toward creating a financial plan for college. The Finish the FAFSA Agreement allows Crosby Scholars Financial Aid Coordinator to provide one-on-one professional Financial Aid support to your family. Let us help you create your plan to pay for college by answering 'Yes' to the Finish the FAFSA Agreement inside your Crosby Scholars Parent Portal today.

Please contact Ashly Wilson at 336-725-5371 or awilson@crosbyscholars.org with any questions.

awilson@crosbyscholars.org

@CrosbyScholars

www.crosbyscholars.org

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