Paying for College can be Overwhelming!
Watch the presentations below to learn about the various resources available to help with preparing for college, a career or if you plan to go to the military. Additional resources are provided on searching for colleges, writing admissions and scholarship essays, and most importantly - preparing how to pay for your college expenses.
Presentation in ENGLISH
Powerpoint: Paying for College Can Be Overwhelming!
Presentación en ESPAÑOL
Powerpoint: ¡Pagar la universidad es estresante!
Use the Resource Guide below for links to useful websites on comparing colleges, tuition costs, scholarship and financial aid information:
Why apply for financial aid?
Were you selected for verification?
Provide Required Verification
You might see a note on your 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 your FAFSA form is accurate. If you’re selected for verification, your school will request additional documentation that supports the information you reported.
Don’t assume you’re being accused of doing anything wrong. Some people are selected for verification at random; and some schools verify all students' FAFSA forms. 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 you won’t be able to get financial aid.
If you used the Internal Revenue Service Data Retrieval Tool (IRS DRT) when filling out your FAFSA form, you may not have to verify that information. In the following cases, however, your school may require you to submit an IRS tax transcript or a signed copy of your income tax return as part of the verification process.
- You didn’t use the IRS DRT.
- You used the IRS DRT and reported rollovers.
- You used the IRS DRT but also amended your tax return.
See this website for more information:
HB3 Financial Aid Requirement
Beginning with students enrolled in 12th grade during the 2021-2022 school year, each student must do one of the following in order to graduate:
– Complete and submit a Free Application for Federal Student Aid (FAFSA)
– Complete and submit a Texas Application for State Financial Aid (TASFA)
*Source: Texas Education Agency
Financial aid applications are available each October of your Senior year.
- 72% of all college students received some type of financial aid
- Some scholarships require FAFSA / TASFA completion, so make sure you apply even if you think you won't qualify
- More than $185 billion in aid is available
- On average,it takes 24.13 minutes to complete the FAFSA from start to finish
- The city of El Paso has Financial Aid Nights to help you with FAFSA or TASFA starting October
- YISD Go Center Specialist and School Counselors can help you!
How to apply:
- Federal Student Aid Free Application
- Financial aid for students who are US citizens or US Permanent residents
- Apply online: https://fafsa.ed.gov or mobile app myStudentAid
- Application available October 1st
- Texas priority deadline is January 15th
- Texas Application for State Financial Aid
- Financial aid for students who are foreign/non-citizens but are classified as a Texas Resident
- Download the Application at: College for All Texans search TASFA
- Application available October 1st
- TASFA priority deadline is January 15th
How to get started: https://studentaid.gov/apply-for-aid/fafsa/filling-out
The Financial Aid questions will ask for information about you (your name, date of birth, address, etc.) and about your financial situation. Depending on your circumstances (for instance, whether you’re a U.S. citizen or what tax form you used), you might need the following information or documents as you fill out the application:
- Your Social Security number (it’s important that you enter it correctly on the FAFSA form!)
- Your parents’ Social Security numbers if you are a dependent student
- Your driver’s license number if you have one
- Your Alien Registration number if you are not a U.S. citizen
- Federal tax information or tax returns including IRS W-2 information, for you (and your spouse, if you are married), and for your parents if you are a dependent student:
- IRS 1040
- Foreign tax return, IRS 1040NR, or IRS 1040NR-EZ
- Tax return for Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, the Federated States of Micronesia, or Palau
- Records of your untaxed income, such as child support received, interest income, and veterans noneducation benefits, for you, and for your parents if you are a dependent student
- Information on cash; savings and checking account balances; investments, including stocks and bonds and real estate (but not including the home in which you live); and business and farm assets for you, and for your parents if you are a dependent student
Keep these records! You may need them again. Be sure to keep all of your original records.
Need help applying?
Do you have unanswered questions about the Free Application for Federal Student Aid (FAFSA®) process?
Find answers to common questions that FAFSA® filers may have here:
Do you have unanswered questions about the Texas Application for State Financial Aid (TASFA) process?
Contact your college(s) of choice Financial Aid office(s) for more information.
Remember, you must submit a TASFA application to each university you are applying to.
What's Next After Submitting the FAFSA?
Check Your Student Aid Report (SAR)
Once you receive your Student Aid Report (SAR), it is important that you review this information carefully to see what additional steps you might have to take.
Submit copy of SAR to your school Counselor or Go Center Specialist for help reviewing the information provided.
If you have a "*" symbol next to your Estimated Family Contribution (EFC) then you have been selected for verification. Verification is a process for the institutions to confirm the information you provided is correct.
If you have a "C" symbol next to your EFC, then there is some information you provided that needs to be corrected. You will need to log back in to your FAFSA account and make the corrections.
If you have an "H" symbol next to any of your answers submitted, this means that there isa question about your answer which may need to be cleared up. Log in to your FAFSA account to make any additional corrections.
See this hand-out below for additional information:
Completing the Financial Aid Process
Once your financial aid application is submitted, please note that there are still some additional steps to follow to ensure the college/university has received your application and that all of your information is accurate.
See this hand-out below that explains this process: