February 4, 2010

UCSB Financial Aid Office Offers Online Tutorial for Federal Student Aid Form

The Office of Financial Aid at UC Santa Barbara is once again offering its online tutorial to assist current and prospective students in completing the Free Application for Federal Student Aid (FAFSA). The FAFSA is used by nearly all colleges and universities to determine a student's eligibility for federal, state, and college-sponsored financial aid, including grants, educational loans, and work-study programs.

Produced by the financial aid office at UCSB, "7 Easy Steps to the FAFSA: A Student's Guide to the Free Application for Federal Student Aid" is designed to help prospective students complete the 2010-11 FAFSA in seven clear and easy-to-understand steps. It can be found here.

The deadline for submitting a 2010-11 FAFSA for UCSB financial aid is March 2, 2010.

"More than 300 higher education institutions used our tutorial last year, and I expect that number to grow this year," said Mike Miller, acting director of the UCSB Office of Financial Aid. "The Obama administration is placing an emphasis on simplifying the financial aid application process, but it's still a complicated one. The tutorial gives students –– and parents –– step-by-step instructions."

To determine the kind and amount of financial aid for which a student is eligible, the U.S. Department of Education conducts a "need analysis" using the financial information included on the FAFSA. The analysis considers factors, such as income, assets, and other household information, which the student and his or her parents are asked to provide. The completed form is then submitted to a federal processor contracted by the Department of Education, and results are electronically transmitted to the financial aid offices of the schools listed on the student's application.

The form is also required for participation in UC's Blue and Gold Opportunity Plan, which covers systemwide fees for California residents whose families earn less than $70,000, and who qualify for financial aid.

Even students who don't qualify for need-based financial aid must complete a FAFSA in order to be considered for most federal student loans. Nearly every student is eligible for some form of financial aid, including low-interest Federal Stafford and/or parent PLUS loans, regardless of income or circumstances.

About UC Santa Barbara

The University of California, Santa Barbara is a leading research institution that also provides a comprehensive liberal arts learning experience. Our academic community of faculty, students, and staff is characterized by a culture of interdisciplinary collaboration that is responsive to the needs of our multicultural and global society. All of this takes place within a living and learning environment like no other, as we draw inspiration from the beauty and resources of our extraordinary location at the edge of the Pacific Ocean.