Presentation on theme: "Tennessee Student Assistance Corporation"— Presentation transcript:
1Tennessee Student Assistance Corporation Drew FreemanTSAC OutreachCollege Pays We Can Get You There.
2College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationAdmissionsProcess Begins Now!!!School CounselorResearch colleges onlineAttend a college fairCollege Pays We Can Get You There.2
3College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationAdmissions- Visit the colleges that you are considering attending - Apply for Admission early during your Senior year of High School - Things to consider when looking at colleges: cost, size, distance from home, major, religious affiliation, athletic programs, music/art programs, Greek life, etc. - Academic Common MarketCollege Pays We Can Get You There.
4College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationPriority DeadlinesEach College will have its own deadlines for Admission and Scholarships. Pay close attention to these deadlines! Three places you should always look on a college’s website if you are considering that institution: Admissions Webpage, Financial Aid Webpage, and the Scholarship Webpage ***It is okay to go through the Admissions & Financial Aid processes at more than one school.College Pays We Can Get You There.
5**JUNIORS** SEE SCHOOL COUNSELOR ACT TEST DATEREGISTRATION DEADLINELATE FEE DEADLINEOctober 23, 2010September 17, 2010October 1, 2010December 11, 2010November 5, 2010November 19, 2010February 12, 2011January 7, 2011January 21, 2011March 15, 2011**JUNIORS** SEE SCHOOL COUNSELORApril 9, 2011March 4, 2011March 18, 2011June 11, 2011May 6, 2011May 20, 2011SAT TEST DATEREGISTRATION DEADLINELATE FEE DEADLINEOctober 9, 2010September 10, 2010September 24, 2010November 6, 2010October 8, 2010October 22, 2010December 4, 2010November 5, 2010November 19, 2010January 22, 2011December 23, 2010January 7, 2011March 12, 2011February 11, 2011February 25, 2011May 7, 2011April 8, 2011April 22, 2011June 4, 2011May 6, 2011May 20, 2011Simply note like the previous programs, the FAFSA is also the application for the two supplements to HOPE, the adult HOPE scholarship, and the foster child tuition grant.55
6Financial Aid Terms Tennessee Student Assistance Corporation What is Cost of Attendance (COA)?-Direct costs (i.e. tuition, fees, room and board)-Indirect costs (i.e. books, supplies, transportation, etc.)-Varies widely from college to collegeCollege Pays We Can Get You There.
7Financial Aid Terms Tennessee Student Assistance Corporation What is the Expected Family Contribution (EFC)?-Amount family can reasonably be expected to contribute to college expenses-Stays the same regardless of college-Two components-Parent contribution-Student contribution-Calculated using data from a federal application form and a federal formulaCollege Pays We Can Get You There.
8College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationFinancial Aid TermsWhat is Financial Need?Cost of Attendance- Expected Family Contribution______________________________= Financial NeedCollege Pays We Can Get You There.
9College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationFinancial Aid TermsThere are four types of Financial AidScholarships – free money awarded on the basis of merit, skill, or unique characteristicGrants – free money based on needLoans – money borrowed that must be paid back (LAST RESORT!!!)EmploymentCollege Pays We Can Get You There.
10College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationFinancial Aid SourcesFederal government (Pell Grant, Stafford Loans, etc.)DEADLINES,State (TN Student Assistance Award, HOPE, etc.)DEADLINES, ACM (out-of-state),Colleges (Institutional Aid)DEADLINES, ACT/SAT, CSS Profile (some colleges)Admissions, financial aid, academic departmentsPrivate sources (National/Local Scholarships)DEADLINES, school counselor, websites, ESSAYSCollege Pays We Can Get You There.10
11College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationFAFSAFAFSA on the WebAvailable January 1, 2011(VERY IMPORTANT!)Priority deadline is as soon as possible after January 1, 2011!College Goal SundayJanuary 30, 2011 and/or February 13, 2011College Pays We Can Get You There.11
12College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationPINObtain PIN(s) before January 1, 2011 for student (and one parent)Please keep PIN(s) to use in subsequent school yearsCollege Pays We Can Get You There.12
13College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationFAFSA Notes2010 income informationFile taxes early and use 2010 income tax return or;Estimate using W-2 forms, previous year income tax return, or last pay stubIf you estimate, update FAFSA with actual 2010 information once known; verificationPlease contact financial aid office at each college if there are special circumstancesStudent cannot obtain parent informationChange in employment statusCollege Pays We Can Get You There.13
14College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationFAFSA NotesSocial Security Numbers, Last Names, and First NamesMust match Social Security CardSchool Codes (Section 2)Enter four-year private schools first, then four-year public schools, and then two-year public schoolsYes, provide additional information about your college enrollment plansCheck work-study and loans and TEACH Grant if applicableCollege Pays We Can Get You There.14
15College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationFAFSA NotesDependency questionsIf you can answer yes to any question, you are considered an INDEPENDENT studentIf you are considered independent, parent information not required; only the student would complete FAFSAIf you have a special circumstance and cannot provide parental information, submit FAFSA with only your information and contact the financial aid office at the college(s) you plan to attend in order to complete the FAFSA; professional judgmentCollege Pays We Can Get You There.15
16College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationFAFSA NotesParental informationParent refers to biological or adoptive parent ONLYIn case of divorce or separation, give information about the parent you lived with most in the last 12 months; if 50/50, give information about the parent who provided you the most financial supportIf divorced parent has remarried, information about stepparent is requiredCollege Pays We Can Get You There.16
18College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationFAFSATennessee Student Assistance Award (TSAA)$4,000 per year at eligible TN independent institutions; $2,000 per year at eligible four-year TN public institutions; $1,300 per year at eligible two-year TN public institutions; $1,000 per year at TN Technology CentersTN residents, U.S. citizens pursuing first degree and enrolled at least half-timeEFC – 0 to 2100Submit FAFSA as soon as possible after January 1, 2011; Awards made until funds are depletedBe sure to note awards are based upon full-time enrollment. ¾ and ½ enrollment award amounts are different. Award amounts for career colleges (i.e. NADC, ITT, etc.) are $2,000.College Pays We Can Get You There.1818
19College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationFAFSAHOPE Scholarship$4,000 per year at eligible four-year TN institutions; $2,000 per year at eligible two-year TN institutionsTN residents achieving 21 ACT composite OR 980 SAT (Math + Critical Reading) OR final cumulative 3.0 GPA (Homeschool and non-category 1, 2 or 3 private high school requirements are different)An award letter from TSAC will be mailed as soon as eligibility is established in our system and the student’s FAFSA is cleanCollege Pays We Can Get You There.19
20College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationFAFSAGeneral Assembly Merit Scholarship*$1,000 merit-based supplement to HOPE29 ACT composite/1280 SAT (Math + Critical Reading) AND final cumulative 3.75 GPAAspire Award*$1,500 need-based supplement to HOPEParents’ or independent student’s (and spouse’s) adjusted gross income must be $36,000 or less* Students eligible for both supplements will receive Aspire Award ONLYCollege Pays We Can Get You There.2020
21College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationHOPE Renewal CriteriaMinimum 2.75 cumulative GPA after 24 and 48 attempted hoursAfter attempting 72 (96, 120, etc.) hours, a student may retain the award by eitherAchieving at least a 3.0 cumulative GPA ORAchieving a cumulative GPA of 2.75 – 2.99 AND a semester GPA of at least 3.0 (provisional basis)If eligible on provisional basis, student must be enrolled full-time for each semester (excluding Summer); eligibility checked at the end of each semester; student must maintain 3.0 semester GPACollege Pays We Can Get You There.2121
22College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationHOPE Renewal CriteriaMust maintain satisfactory academic progress AND continuous enrollmentStudents should NEVER drop a course without consulting the financial aid office about how it may impact their HOPE eligibilityIf lost, students may regain the award one time only at a future benchmark; students also may repeat one course to improve GPA; contact financial aid officeScholarship is terminated after attainment of baccalaureate degree OR 5 years have passed from initial enrollment – whichever occurs firstCollege Pays We Can Get You There.2222
23College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationFAFSAWilder-Naifeh Technical Skills Grant$2,000 per year at TN Technology Center (TTC)TN residents pursuing certificate or diploma program at TTCStudents may be eligible for HOPE Scholarship IF initially HOPE eligible and enroll at an eligible TN postsecondary institution within three years of completing a TTC diploma programSubmit FAFSACollege Pays We Can Get You There.23
24College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationFAFSAHOPE Access GrantHOPE Scholarship for non-traditional studentsHOPE Foster Child Tuition GrantSimply note like the previous programs, the FAFSA is also the application for the two supplements to HOPE, the adult HOPE scholarship, and the foster child tuition grant.College Pays We Can Get You There.2424
25College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationOnline ApplicationsDual Enrollment Grant*Deadlines VaryNed McWherter Scholars Program*Deadline February 15Robert C. Byrd Honors Scholarship Program*Deadline March 1Dependent Children Scholarship ProgramDeadline July 15Minority Teaching Fellows Program (Loan Forgiveness)Deadline April 15Communicate that these state aid programs have separate online applications which must individually be completed by visiting our website McWherter is for 50 of TN’s best and brightest and is due February 15. Byrd is due on March students are randomly selected.College Pays We Can Get You There.2525
26College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationOnline ApplicationsHelping Heroes GrantDeadlines September 1 (fall); February 1 (spring); May 1 (summer)TN Teaching Scholars Program (Loan Forgiveness)Deadline April 15TN Math & Science Teacher Loan Forgiveness ProgramGraduate Nursing Loan Forgiveness ProgramDeadline March 1Rural Health Loan Forgiveness ProgramDeadline September 1Communicate that these are TSAC’s other state aid programs with separate online applications found by visiting our website. These programs target students who have already graduated high school.College Pays We Can Get You There.2626
27College Pays . . . We Can Get You There. Tennessee Student Assistance CorporationSenior Year SummaryFALL SEMESTERApply to several colleges (admissions, institutional aid, etc)Complete local/private scholarship applicationsObtain PINs for student and parent to complete FAFSASPRING SEMESTERComplete FAFSA available January 1, 2011Continue completing local/private scholarship applicationsReview college acceptances, compare financial aid packages, ask questions, and follow up as neededCollege Pays We Can Get You There.2727
28Financial Aid PackagePackageFederalStatePrivateInstitutional28
29College Pays . . . We Can Get You There. QuestionsCollege Pays We Can Get You There.
30College Pays . . . We Can Get You There. Contact Information Drew Freeman TSAC Outreach New website address:College Pays We Can Get You There.