Federal & State Updates
Federal UpdatesCorinthian Colleges Closures
Beginning with the 2017-2018 school year, students can now complete the FAFSA using 2 years’ prior tax information. With the switch to PPY, FAFSA will be available on October 1, 2016, rather than January 1, 2017.
- FAFSA available October 1, 2016 for 2017-2018 academic year
- 2017-2018 FAFSA will use 2015 tax year information
|When a student is attending college||When a student can submit a FAFSA||Which year's income information is required|
|July 1, 2015 - June 30, 2016||January 1, 2015 - June 30, 2016||2014|
|July 1, 2016 - June 30, 2017||January 1, 2016 - June 30, 2017||2015|
|July 1, 2017 - June 30, 2018||October 1, 2016 - June 30, 2018||2015|
|July 1, 2018 - June 30, 2019||October 1, 2017 - June 30, 2019||2016|
Benefits of PPY
- Filing the FAFSA earlier so that the students can figure out what their financial aid package/award would look like.
- This can increase the application’s accuracy and students won’t have trouble using the IRS Data Retrieval Tool, decreasing the need for additional paper documentation, since tax date from 2 years prior would be readily available.
The U.S. Department of Education is improving identity confirmation. Effective May 10, 2015 the U.S. Department of Education will replace the Student Aid PIN with the new FSA ID for all students and parents. You will need the new FSA ID to log into the Federal Student Aid websites. The first time you log into the sites after May 10th you will be prompted to set up an FSA ID. The process should only take a few minutes and then students, parents, and borrowers will use the FSA ID to access federal websites including:
- FAFSA on the Web
- NSLDS Student Access
July 2012: Effective July 1, 2012 students can only a receive a lifetime maximum of up to 600% FEDERAL PELL regardless of when they received their first Pell grant. To view your Lifetime Eligibiilty Used (LEU) visit the NSLDS website. For more information about LEU please visit the Federal Student Aid website.
As of January 1, 2013 AB-540 students are allowed to apply for and receive several types of financial aid, including:
- Board of Governors Fee Waiver
- State financial aid such as Cal Grants & Chafee Grants
- Assistance from EOPS, CARE or CalWORKS
- Privately funded scholarships