Greetings, we hope you had a restful long weekend! This week’s update highlights the importance of supporting seniors with updating financial aid documents and financial resources. As the Class of 2020 moves closer to graduation and the future beyond, it is crucial to help them plan with affordability in mind. With so many unknowns in the postsecondary landscape right now, it is reassuring to know that students and families will receive relief funds and that they still have time to update their financial aid forms.
Research shows that 90% of students that complete FAFSA enroll in college. Our team is working hard to send your schools the latest FAFSA and TAP completion reports via weekly emails. We encourage you and your school teams to use these completion reports to inform your conversations with seniors who need to update or complete financial aid forms. You can also watch this webinar onFinancial Management Advising for more tips. Refer students to the FAFSA guide; undocumented students should complete the Dream Act Eligibility Application for an opportunity to access state aid and watch the NYS Dream Act Tutorial by Unlocal.org for step by step guidance. Next week, we will host another Future Ready Power Hour student webinar focusing on Money Matters: Answering Financial Aid Questions.
Additionally, since New York City is a universal-free-lunch district, many families regardless of immigration status or income level, will receive $420 per student. These funds do not have to be repaid and students can use it to fund their educational aspirations. Moreover, CUNY will be distributing $118 million in CARES Act funding to eligible students. CUNY will determine student eligibility via their FAFSA and will notify them via CUNYFirst about their award amount.
Once you have supported your students with their updating their financial aid forms and documented their plans, it is time to celebrate their accomplishments. We encourage you to highlight your students’ postsecondary decisions on your school’s website and social media by using the following hashtags: #FutureReadyNYC and #IDecided. Ensure students have media consent forms before posting on social media.