Financial Aid Information for 2019-2020 | Chattanooga State Community College

Financial Aid Information for 2019-2020


Free Application for Federal Student Aid (FAFSA)

Complete the FAFSA at https://studentaid.ed.gov/sa/fafsa (or type fafsa.gov) for the appropriate aid year(s) in which you want to use federal financial aid, such as Pell Grant and Direct Loans. Many types of other aid also require the FAFSA, and several TN grant and scholarship programs have deadlines to complete the FAFSA:

  • TN Promise = February 1st of your senior year of high school (for 2019-2020)
  • TELS scholarships, TN Reconnect, TCAT Reconnect, Wilder Naifeh Technical Skills Grant = Sept. 1st for fall semester, Feb. 1st for spring, May 1st for summer

Everyone who completes the FAFSA will need their own FSA ID and password to log into the FAFSA and sign the application electronically. You can set up your FSA ID in advance at https://fsaid.ed.gov/npas/index.htm, or you can do it at the time you are filling out the FAFSA. You must have a valid Social Security Number (SSN) or Alien Registration Number (ARN) in order to create an FSA ID. If you are unable to set up your FSA ID and password, then you cannot sign the FAFSA electronically, and it can delay processing. You should only have to set up your FSA ID once, and you can later it use it to log into Federal Student Aid websites like https://studentloans.gov  to complete federal loan requirements, or https://nslds.ed.gov to review your financial aid history.

If you are under 24 years old, and will not turn 24 by December 31st of the FAFSA year, then you will be considered “dependent” by Department of Education guidelines, except in special circumstances. Dependent students are required to include tax, income, and household information for their parent(s), step-parent(s), or guardian(s) on the FAFSA. Except in special circumstances, it does not matter if you live on your own and pay your own bills – you must provide parent information per Department of Education guidelines. If you are unsure about which parent to use on the FAFSA, the help(?) icon may give you more information. If a parent or guardian lives in another country or is not a U.S. citizen, and they do not have a valid SSN or ARN, then you can still enter their information. Enter all zeroes (000000000) as the SSN – they will not be able to create an FSA ID and will have to mail in the signature page from the FAFSA.

IRS Data Retrieval Tool (DRT)

The “Link to IRS” option is available in the FAFSA for tax filers, to ensure that accurate information from the correct tax year is transferred into the federal aid application. Both students and a parent/step-parent/guardian can use the DRT, but you must have an FSA ID and password. Selecting this option will take you out of the FAFSA and to the IRS website, where you can try and locate your return from the correct tax year, then choose “transfer now” to import that information into the FAFSA. This can aid greatly in processing of your financial aid.

  • If the student/parent is married and filed as “Married Filing Separately*,” you will not be able to use the DRT
  • If the student/parent is married and filed as “Head of Household*,” you will not be able to use the DRT
  • If the parents’ marital status is “unmarried but living together*,” you will not be able to use the DRT
  • If the student/parent filed a Puerto Rican or foreign tax return, you will not be able to use the DRT
  • If the student/parent filed an amended return, they may not be able to use the DRT

*The marital status for the student or parent/step-parent/guardian is as of the time you complete the FAFSA.

 

2018-2019 FAFSA

WHEN: fall 2018 (August – December), spring 2019 (January – April), summer 2019 (May – July)

WHAT: use 2016 tax and income information for you and your parent, step-parent, or guardian

WHO: the student and spouse for independent filers, or the student and parent(s), step-parent(s), or guardian(s) for dependent filers (remember: marital status is as of when you complete the FAFSA)

HOW: select the “Link to IRS” option to use the IRS Data Retrieval Tool (must have FSA ID)

 

2019-2020 FAFSA

WHEN: fall 2019 (August – December), spring 2020 (January – April), summer 2020 (May – July)

WHAT:  use 2017 tax and income information for you and your parent, step-parent, or guardian

WHO:   the student and spouse for independent filers, or the student and parent(s), step-parent(s), or guardian(s) for dependent filers (remember: marital status is as of when you complete the FAFSA)

HOW:   select the “Link to IRS” option to use the IRS Data Retrieval Tool (must have FSA ID)

 

**Make sure to check your “Financial Aid Status” in Self-Service Banner and your Chattanooga State email account for important information and notifications!**


Verification

The Department of Education selects approximately 1 out of every 3 aid applications (30%) for specific information to be verified. Sometimes, there is unusual information on the FAFSA that causes it to be selected by either the Department of Education or the school. For applicants selected for verification, there are extra steps that must be completed before financial aid can be processed.

The priority deadline to submit all documents required for verification each semester is July 15th for the upcoming fall, December 1st for the spring, and April 1st for the summer. If any documents are received after the priority deadline, it cannot be guaranteed that your financial aid will be ready for upcoming semester.

Typical information to be verified:

  • Number of people in the household
  • Number of people in the household that are in college
  • Adjusted Gross Income
  • Taxes paid (tax liability)
  • Income from work
  • Untaxed income

In some cases, the Financial Aid Office must also verify:

  • Citizenship status
  • Dependency status (dependent or independent)
  • Personal data, such as SSN or birthdate
  • High school completion
  • Enrollment history
  • Identity and educational purpose

Sometimes, you or a parent are required to log back into the FAFSA to make corrections, especially if the Department of Education is unable to process your application because of incorrect or missing information. Most of the time, additional documentation is requested to verify the required information.

 

For students/parents who worked and filed taxes during the requested tax year:

  • Verification worksheet: a link to this form will be posted in Self-Service Banner, and it is used to verify the number of people in the household and who they are, the number of people in college, any income for non-tax filers, and untaxed income. The student is assumed in the household and in college, so you do not have to list yourself on the form. For dependent students, both the student and parent, step-parent, or guardian will need their own login for the form.
  • IRS Data Retrieval Tool: if the student or a parent used the “Link to IRS” option to transfer their IRS tax and income information into the FAFSA, this can be used as long as no changes were made to the information and an amended return was not filed.
  • Tax Return Transcript: this is a transcript of the tax return filed for the requested tax year, generated by the IRS. It can be downloaded online at https://www.irs.gov/individuals/get-transcript, requested by phone at 1-800-908-8846, or by mail using form 4506-T (also available on the IRS website or at local offices). A transcript can also be requested in person by making an appointment at a local IRS office.
  • Copy of form 1040, 1040A, 1040EZ, etc.: as of right now, this can be used if you are unsuccessful in obtaining a Tax Return Transcript using one of the options above – you must demonstrate that you have tried one of these options. The tax return must be signed by one of the filers and dated with today’s date.
  • Form W-2, final pay stubs, or Wage and Income Transcript (from the IRS): this may be requested in order to separate incomes for students/parents and their spouse, or to verify income listed in the FAFSA or on the verification worksheet
  • Statement of Educational Purpose: this form must either be completed in person at Chattanooga State, along with a government-issued photo ID. If completed off campus, the form must be notarized and a copy of a government-issued photo ID provided.
  • Other documentation: may include any type of form 1099 (for untaxed income or savings withdrawals), benefits statements, marriage certificates or divorce decrees, copies of passports or a permanent resident ID, copies of a high school diploma or GED, or transcripts from other colleges.

     

For students/parents who did/did not work during the requested tax year and were not required to file taxes:

  • Verification worksheet: a link to this form will be posted in Self-Service Banner, and it is used to verify the number of people in the household and who they are, the number of people in college, any income for non-tax filers, and untaxed income. The student is assumed in the household and in college, so you do not have to list yourself on the form. For dependent students, both the student and parent, step-parent, or guardian will need their own login for the form.
  • Statement of Non-Filing or Verification of Non-Filing Letter from the IRS: required of independent students and their spouses or parents of dependent students. Dependent students do not have to verify non-filing status. This can be downloaded online at https://www.irs.gov/individuals/get-transcript, requested by phone at 1-800-908-8846, or by mail using form 4506-T (also available on the IRS website or at local offices). Verification of non-filing can also be requested in person by making an appointment at a local IRS office.
  • Form W-2, final pay stubs, or Wage and Income Transcript (from the IRS): this may be requested in order to separate incomes for students/parents and their spouse, or to verify income listed in the FAFSA or on the verification worksheet.
  • Statement of Educational Purpose: this form must either be completed in person at Chattanooga State, along with a government-issued photo ID. If completed off campus, the form must be notarized and a copy of a government-issued photo ID provided.
  • Statement of Non-Filing or Statement of No Earnings: these forms are available in the Enrollment Services Center at the main campus, or the Student Services office at the TCAT or satellite campuses. If a student/parent is unsuccessful in getting verification of non-filing status using one of the options listed above, the Statement of Non-Filing form can be used. If income was listed in error on the FAFSA or the verification worksheet, the Statement of No Earnings can be completed and signed.
  • Other documentation: may include any type of form 1099 (for untaxed income or savings withdrawals), benefits statements, marriage certificates or divorce decrees, copies of passports or a permanent resident ID, copies of a high school diploma or GED, or transcripts from other colleges.

     

If a student or parent is required to file and was granted a filing extension, the following documents are required:

  • A copy of the IRS form 4868 that was filed with the IRS (must be stamped and dated) AND
  • A copy of IRS form W-2 for each employer OR
  • If self-employed, a signed statement certifying the amount of the individual’s Adjusted Gross Income (AGI) and U.S. income taxes paid for the appropriate tax year
  • A Tax Return Transcript will be required once taxes are filed

     

If an individual filed an amended tax return, the following documentation is required:

  • A signed copy of the original tax return AND
  • A signed copy of IRS form 1040X that was filed with the IRS (must be stamped and dated)

     

If an individual was the victim of identity theft:

first contact the IRS at 1-800-908-4490. After the tax filer’s identity is authenticated, then the IRS will mail you an alternate tax transcript, the Tax Return Database View (TRDBV) – this can take 6-8 weeks. The individual must provide the Financial Aid Office with a signed, dated statement that they were a victim of IRS tax-related identity theft, and the IRS has been made aware of the tax-related identity theft.

 

Any documents can be submitted:

  • By fax to (423) 697-3126 (preferred)
  • By email to finaid@chattanoogastate.edu
  • In person at the Enrollment Services Center or Student Services offices (TCAT and satellite campuses)

*Be sure to include the student ID (“A” number) on every page of any document

**Make sure to check your “Financial Aid Status” in Self-Service Banner and your Chattanooga State email account for important information and notifications!**

 

Questions?

  • Check in with your Success Coach
  • Stop by the Enrollment Services Center or Student Services offices
  • Email us at finaid@chattanoogastate.edu
  • Call us at (423) 697-4402