EARLY FINANCIAL AID APPLICATION INSTRUCTIONS Recruited Athletes Only

Transcription

1 EARLY FINANCIAL AID APPLICATION INSTRUCTIONS Recruited Athletes Only STEP 1 COMPLETE THE EARLY FINANCIAL AID APPLICATION Complete all four pages of this application. Please do not leave any questions blank. Enter zero or N/A if appropriate. Non-Custodial Parents (if applicable): Complete the Early Financial Aid Application for Non-Custodial Parents Signatures: Remember to have both the student and a parent sign this application before sending it to our office. Student and Parent must complete and sign the Early Financial Aid Certification STEP 2 ATTACH SIGNED COPIES OF 2017 FEDERAL TAX RETURNS Both Student & Parent taxes are required. Include all Schedules and W-2s. Print the Student s Name in the upper right corner of the Parent Tax Return. Acceptable Documents: Signed copy of IRS 1040, 1040A, 1040EZ, Puerto Rico. If you do not have a copy of your tax return, request a copy of your return from your preparer, appropriate agency, or from the IRS at (800) STEP 3 (IF APPLICABLE) SUBMIT BUSINESS TAX RETURNS If your parent(s) own all or part of a Corporation, S Corporation, or Partnership: submit a complete and signed copy of 2017 IRS Form 1120, 1120S, or 1065, with K-1s and all related schedules. If your parent(s) own a Sole Proprietorship or a Farm: submit Schedules C or F along with the complete and signed 2017 IRS Form STEP 4 BANNER SELF SERVICE Students will use Banner ID and password to log into Banner Self Service. Application Requirements are viewable online in aid year. An will be sent to the student advising them their financial aid eligibility has been determined and is viewable on line in aid year. Award notifications will also be viewed and printed from Banner Self Service. Paper notifications will not be sent. PLEASE NOTE: APPLICATION PROCESS This is NOT an official application for Financial Aid. If you are admitted to Brown University you must complete all Financial Aid Application materials by the published deadline. Application materials include: FAFSA, Profile, and Non-Custodial Profile (if applicable). Please visit our website for more information regarding application requirements for all first year Brown applicants. If you do not complete the necessary application requirements by the published deadline, you risk losing your eligibility for financial aid for the academic year. UPLOAD ALL DOCUMENTS TO SELF-SERVICE BANNER (SSB). DETAILS ON UPLOADING THROUGH SSB. Office of Financial Aid Brown University J. Walter Wilson, Second Floor Box 1827, 69 Brown Street Providence, RI Phone (401) Web: financialaid.brown.edu

2 EARLY FINANCIAL AID APPLICATION Non-Custodial Parents Only STUDENT INFORMATION Sport Student s Name Last First Middle Address: City State Zip Student s Preferred Phone Number Student s date of birth Student s Social Security Number Student s Citizenship PARENTS INFORMATION What is the current marital status of your parents? q Married/Remarried q Separated q Divorced q Widowed q Unmarried but live together If remarried, date of remarriage If divorced, date of divorce Name of non-custodial parent Note: If parents are divorced/separated, the non-custodial parent must complete the Non-Custodial Parent Early Athletic Application If remarried, please include current spouse and their income and asset information q Parent 1 q Step Parent 1 q Parent 2 q Step Parent 2 Name Date of Birth Name Date of Birth Occupation Occupation Employer No. Years Employer No. Years Preferred daytime telephone Preferred daytime telephone What is your parent s state of legal residence? Amount parent(s) think they will be able to pay for college expenses? $ Tuition benefits from the parents employer $

3 PARENT INCOME INFORMATION 2017 Federal Tax Return A 1040EZ 2017 Parent/Step-Parent 1 W-2 Form 2017 Parent/Step-Parent 2 W-2 Form I/We, the parent(s), certify that I/we did not file and am/are not required to file an income tax for Total 2017 Income: Tax Extension 4868: If this form was filed for 2017, application will be considered incomplete until 2017 tax returns are received. If Applicable: Federal Schedules A, B, C, D, E, and F Business Tax Returns 1065 Partnership 1120-S Corporation 1120 Corporation 2017 Untaxed income and benefits a. Social Security benefits received for all family members except the student $ b. Social Security benefits received for the student $ c. Temporary Assistance for Needy Families (TANF) $ d. Child support received for all children $ e. Housing, food, and other living allowances received by military, clergy, and others $ f. Pre-tax Contributions to Flex Spending Accounts for child care or health spending $ g. Pre-tax Contributions or Deductions to Health Savings Account (HSA) $ h. Other $ IV. PARENTS 2018 EXPECTED INCOME 2018 Income earned from work by parent/step-parent $ 2018 Income earned from work by parent/step-parent $ 2018 Other taxable income $ 2018 Untaxed income and benefits $ page 3

4 PARENT ASSETS & BUSINESS VALUE Asset Type Current Market Value (as of today) Cash, Saving and Checking Accounts $ Investments Include stocks, bonds, money market accounts, savings bonds, CDs, and college savings and pre-paid tuition plans established by parents. Do not include the value of investments in a qualified retirement plan, such as an IRA or 401(k). $ Total current value of Parents Retirement Accounts $ Total value of assets held in the names of the student s brothers and sisters who are under age 19 and not in college. $ Asset Type Monthly Mortgage Year Purchased Purchase Price Current Market Value Current Debt or Rent (as of today) Home Include home equity loans in the total debt reported. Other Real Estate Include the value and debt of all other real estate that you own. Business or Self Employment If your parents are self employed or own a business, please provide the business name, description of the business and the fair market value of your parents share of ownership in the business. Fair Market Value is the price at which the business could be sold. Please estimate the amount of net proceeds your parents would receive if they sold their share of the business. $ $ $ $ $ $ $ $ $ $ Legal Name of Business Type (LLC, Corporation, Sole Proprietorship, etc) Fair Market Value & Description of Business 2017 PARENT EXPENSES Expense: Total payments made in 2017 Medical/Dental Expenses NOT covered by insurance (including insurance premiums paid on an after-tax basis). If you did not complete the medical/dental section of Schedule A with your 2017 federal income tax return, $ /yr please submit a detailed explanation of these expenses. Child Support Paid Indicate the amount of support paid by your parent(s) for each child who resides in another household. $ /yr Name of child/children for who the child support paid was for Educational Loan Payments Minimum payment amount. $ /yr Include only minimum payments required for educational loans IN PARENT(S) NAME, including any portion of home debt taken to finance education. Do not include loan payments for students in the household who are currently pursuing an undergraduate degree. Private Elementary/High School Tuition for sibling(s) of Brown student $ /yr Include only expenses paid out-of-pocket. Name of Private Elementary/High School Name of sibling attending STUDENT ASSET INFORMATION ASSETS Cash, savings, and checking accounts (as of today) $ Total value of noneducation IRA Keogh, 401(k), 403(b), etc. accounts as of December 31, 2017 $ Investments: Current market value (Including Uniform Gifts to Minors) $ Total Value of all trust(s) $ Who established the trust(s)? q Student s parent q Other $ $

5 HOUSEHOLD INFORMATION Complete the informa on below for all those living in your household who will be fully supported by your parent(s) in Do Not Include yourself (Brown Applicant) List Parent/Stepparent s name(s) on line provided Others to Include: Siblings and/or step siblings; if over the age of 24, parent(s) must be providing their full support. Other rela ves, if parent(s) are providing their full support. Siblings a ending less than half- me, a military academy, or enrolled in a graduate program will not be counted as in college. Sibling enrollment status will be verified each year in the fall. If you know of a change to your sibling s enrollment status before we request verifica on, please no fy our office at financial_aid@brown.edu. A change in sibling enrollment status will result in an adjustment to your financial aid award. Parent 1: Age: Parent 2/Stepparent: Age: List Other Family Members Name: Rela onship to Student: Age: Name of Ins tu on ended in : Parent Contribu on : Name of Ins tu on to be ended : Year in School : Cost of A endance : An cipated Parent Contribu on : Type of Ins tu on Name: Rela onship to Student: Age: Name of Ins tu on ended in : Parent Contribu on : Name of Ins tu on to be ended : Year in School : Cost of A endance : An cipated Parent Contribu on : Type of Ins tu on Graduate Undergraduate Full-Time Part-Time Name: Rela onship to Student: Age: Name of Ins tu on ended in : Parent Contribu on : Name of Ins tu on to be ended : Year in School : Cost of A endance : An cipated Parent Contribu on : Type of Ins tu on

6 Other Family Members Continued Name: Relationship to Student: Age: Name of Institution attended in : Parent Contribution : Name of Institution to be attended : Year in School : Cost of Attendance : Anticipated Parent Contribution : Type of Institution Name: Relationship to Student: Age: Name of Institution attended in : Parent Contribution : Name of Institution to be attended : Year in School : Cost of Attendance : Anticipated Parent Contribution : Type of Institution

7 Early Financial Aid Certification Recruited Athletes Only Student Name (printed): I/We certify that the information reported on this application is true and accurate to the best of my/our knowledge. I/We understand this is not an official application for financial aid. I/We understand we must complete all financial aid application requirements to receive an official financial aid award letter. (Financial Aid application requirements are: CSS Profile, FAFSA, and Non-Custodial Profile (if applicable). Please visit our web site for more information regarding application requirements.) This early estimate is based on current Brown University policies and on the information you provided to our office. The estimated family contribution was based on information you provided regarding the family s income and assets. Should Brown University policies change and/or your information regarding household, income, and/or assets differ in any respects from that reported, this estimate will be revised. Student Signature (REQUIRED): Date: Parent Signature (REQUIRED): Date: UPLOAD ALL DOCUMENTS TO SELF-SERVICE BANNER (SSB). DETAILS ON UPLOADING THROUGH SSB. Office of Financial Aid Brown University J. Walter Wilson, Second Floor Box 1827, 69 Brown Street Providence, RI Phone (401) Web: financialaid.brown.edu