Financial Aid Need Estimator
FINANCIAL NEED
ESTIMATOR
_________________________________________
Student Financial Services Office
2010 – 2011
Financial Need Estimator Service 2010-2011
Regardless of your family income level, Guilford College is prepared to help you afford the benefits of an excellent education. More than 90 percent of our students this year will receive scholarships, grants, work and loans.
The first step in financing an education is careful budgeting and planning. The Office of Student Financial Services can help. Attached is a short financial aid estimator form for you and your parents to complete and return to the Office of Student Financial Services. We will send back to you a preliminary estimate of the amount of financial assistance you might receive at Guilford College.
Guilford College encourages students to take advantage of this service, which answers the questions:
- Will I qualify for financial assistant?
- If so, how much may I expect to pay?
How the Service Works
- Income and asset information should be provided for both parents and students.
- Carefully estimate your family’s 2009 income. Our estimate can only be as accurate as the figures you give us. Incorrect figures or “guesstimates” may result in distorted calculations. It is not possible to prepare an estimate using a partially completed form. Please be sure to indicate if a question does not apply to you, or if the answer is zero. If any item is left blank, this form will be returned to you without a calculation.
- Return the completed estimator form directly to the Office of Student Financial Services by February 1, 2010. After that date no early estimates will be calculated.
- All information you report will remain confidential. There is no charge for this service.
- Approximately two weeks after receiving your information we will send you an ESTIMATE of your financial eligibility along with explanatory literature.
THIS IS NOT AN APPLICATION FOR FINANCIAL ASSISTANCE. It is designed to give you an EARLY ESTIMATE of your eligibility for financial assistance. An official award will be provided only when you have been accepted for admission to the College, and you have filed a Free Application for Federal Student Aid (FAFSA) listing Guilford as an electronic recipient of this data. Guilford College FAFSA Code is 002931.
You are encouraged to file these forms soon after January 1, 2010.
If, after your official FAFSA information has been received by the Office of Student Financial Services, your eligibility for financial assistance is different from what was calculated using this estimator form, your official award will reflect that difference.
NOTICE OF NONDISCRIMINATORY POLICY
Guilford College does not discriminate on the basis of sex, color, race, age, religion, national or ethnic origin or handicap in its admissions policies and academic and other standards, nor in the granting of scholarships, loans, and other financial assistance, nor in the planning and administration of any of its academic, athletic, and other programs, services, and activities.
Request for Early Estimate of Financial Assistance Eligibility
____ Freshman; ____Transfer; SAT/ACT Score_____________; GPA__________ on a __________scale
Student’s Name________________________________________ Date of Birth:______________________________________
Permanent Mailing Address________________________________________________________________________________
Home Phone Number (_____)________________________ E-mail Address__________________________________________
In our estimate, we assume the following:
- The student is single, a U.S. citizen, financially dependent on parent(s), and will be enrolled full-time.
- Estimated figures for 2009 will be used for the following questions.
PARENT INFORMATION
“Parent” when used in this form refers to the parent with whom the student resides. Separated or divorced parents should use information from the parent and step-parent with whom this student resides.
Number of persons in household in 2010-2011 _____;
Number of household members (excluding parents) to be enrolled in college at least ½ time in 2010-2011 ________.
Parents’ current marital status (please check one) ___married; ___ single; ___separated; ___divorced; ___widowed
Parents’ state of legal residence ________________________________________ Age of oldest parent____________
Type of tax form for parents is (please check one):___1040; __1040A/EZ; __Parents will not file a tax return.
Estimated 2009 total number of exemptions: ____________
Estimated 2009 adjusted gross income before taxes $____________
Estimated 2009 U.S. income tax paid $____________
Estimated 2009 income earned by: father/stepfather $__________ mother/stepmother $____________
Estimated 2009 untaxed income and benefits: $____________
Parents Occupations: Father______________________________ Mother__________________________________
a. Social Security benefits (Yearly Amount) (Benefits received by ALL family members in 2009) $____________
b. Aid to Families with Dependent Children (Yearly Totals Only)
(AFDC, ADC, Welfare Benefits received by the family) $____________
c. All other 2009 untaxed income and benefits (Yearly Totals Only) (Child support, disability income,
unemployment compensation, cash support, housing for clergy or military, IRA or KEOGH
payments earned income credit, non-educational veterans benefits) $____________
Type of untaxed income__________________________________________________________________________________
Monthly house payment (or rent) for primary residence $__________________
Explain any changes in parents’ income anticipated for 2009 (use additional pages if necessary)____________________________
____________________________________________________________________________________________________
Please provide the following asset information for parents:
| Current Value | Current Indebtedness (not applicable) | |
|---|---|---|
| Cash, savings and checking accounts | $ | $ |
| Home | $ | $ |
| Other Real Estate & Investments (not including primary home) | $ | $ |
| Business and farm (do not list a farm serving as a residence) | $ | $ |
STUDENT INFORMATION
Type of tax form for student is (please check one): _______ 1040; _______ 1040A/EZ; _______ non-filer
*Estimated 2009 number of exemptions _____________
*Estimated 2009 income before taxes (adjusted gross income) $_____________
*Estimated 2009 U.S. income tax paid $_____________
*for tax filers only
Estimated 2009 income earned from work by student $_____________
Estimated 2009 untaxed income and benefits (yearly totals only)
a. Social Security benefits paid directly to you $_____________
b. Other untaxed income and benefits $_____________
c. Student’s expected Veterans Benefits July 1, 2010 to June 30, 2011 $_____________
Estimated student’s cash, savings and checking accounts $_____________
Estimated student’s real estate and investments: current value $_________ current debt $_____________
List all colleges/universities attended since high school up to and including the present:_______________________________
_____________________________________________________________________________________________________
Give information for all family members included on previous page.
| Full Names of Family Members & Student Applicant | Ages | Will this person be attending college at least 1/2 time in 2010-2011 | Name of College or University to be attended in 2008-2009 |
|---|---|---|---|
Student Signature ______________________________________________________________ Date ____________________
Parent Signature _______________________________________________________________ Date ____________________
If you have any questions, please feel free to write or call:
Office of Student Financial Services
Guilford College
5800 West Friendly Avenue
Greensboro, NC 27410
Telephone 1.336.316.2354 or 1.336.316.2176 or 1.800.992.7759
Fax Number 1.336.316.2942
To complete your application for financial assistance, you must file an official need analysis (FAFSA) after January 1, 2010 and submit all other requested documentation to the Guilford College Office of Student Financial Assistance and Planning.
For Office Use Only
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