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Tennessee Student Assistance Corporation

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Presentation on theme: "Tennessee Student Assistance Corporation"— Presentation transcript:

1 Tennessee Student Assistance Corporation
Drew Freeman TSAC Outreach College Pays We Can Get You There.

2 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation Admissions Process Begins Now!!! School Counselor Research colleges online Attend a college fair College Pays We Can Get You There. 2

3 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation Admissions - 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 Market College Pays We Can Get You There.

4 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation Priority Deadlines Each 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 DATE REGISTRATION DEADLINE LATE FEE DEADLINE October 23, 2010 September 17, 2010 October 1, 2010 December 11, 2010 November 5, 2010 November 19, 2010 February 12, 2011 January 7, 2011 January 21, 2011 March 15, 2011 **JUNIORS** SEE SCHOOL COUNSELOR April 9, 2011 March 4, 2011 March 18, 2011 June 11, 2011 May 6, 2011 May 20, 2011 SAT TEST DATE REGISTRATION DEADLINE LATE FEE DEADLINE October 9, 2010 September 10, 2010 September 24, 2010 November 6, 2010 October 8, 2010 October 22, 2010 December 4, 2010 November 5, 2010 November 19, 2010 January 22, 2011 December 23, 2010 January 7, 2011 March 12, 2011 February 11, 2011 February 25, 2011 May 7, 2011 April 8, 2011 April 22, 2011 June 4, 2011 May 6, 2011 May 20, 2011 Simply 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. 5 5

6 Financial 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 college College Pays We Can Get You There.

7 Financial 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 formula College Pays We Can Get You There.

8 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation Financial Aid Terms What is Financial Need? Cost of Attendance - Expected Family Contribution ______________________________ = Financial Need College Pays We Can Get You There.

9 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation Financial Aid Terms There are four types of Financial Aid Scholarships – free money awarded on the basis of merit, skill, or unique characteristic Grants – free money based on need Loans – money borrowed that must be paid back (LAST RESORT!!!) Employment College Pays We Can Get You There.

10 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation Financial Aid Sources Federal 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 departments Private sources (National/Local Scholarships) DEADLINES, school counselor, websites, ESSAYS College Pays We Can Get You There. 10

11 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation FAFSA FAFSA on the Web Available January 1, 2011 (VERY IMPORTANT!) Priority deadline is as soon as possible after January 1, 2011! College Goal Sunday January 30, 2011 and/or February 13, 2011 College Pays We Can Get You There. 11

12 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation PIN Obtain PIN(s) before January 1, 2011 for student (and one parent) Please keep PIN(s) to use in subsequent school years College Pays We Can Get You There. 12

13 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation FAFSA Notes 2010 income information File taxes early and use 2010 income tax return or; Estimate using W-2 forms, previous year income tax return, or last pay stub If you estimate, update FAFSA with actual 2010 information once known; verification Please contact financial aid office at each college if there are special circumstances Student cannot obtain parent information Change in employment status College Pays We Can Get You There. 13

14 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation FAFSA Notes Social Security Numbers, Last Names, and First Names Must match Social Security Card School Codes (Section 2) Enter four-year private schools first, then four-year public schools, and then two-year public schools Yes, provide additional information about your college enrollment plans Check work-study and loans and TEACH Grant if applicable College Pays We Can Get You There. 14

15 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation FAFSA Notes Dependency questions If you can answer yes to any question, you are considered an INDEPENDENT student If you are considered independent, parent information not required; only the student would complete FAFSA If 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 judgment College Pays We Can Get You There. 15

16 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation FAFSA Notes Parental information Parent refers to biological or adoptive parent ONLY In 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 support If divorced parent has remarried, information about stepparent is required College Pays We Can Get You There. 16

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18 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation FAFSA Tennessee 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 Centers TN residents, U.S. citizens pursuing first degree and enrolled at least half-time EFC – 0 to 2100 Submit FAFSA as soon as possible after January 1, 2011; Awards made until funds are depleted Be 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. 18 18

19 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation FAFSA HOPE Scholarship $4,000 per year at eligible four-year TN institutions; $2,000 per year at eligible two-year TN institutions TN 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 clean College Pays We Can Get You There. 19

20 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation FAFSA General Assembly Merit Scholarship* $1,000 merit-based supplement to HOPE 29 ACT composite/1280 SAT (Math + Critical Reading) AND final cumulative 3.75 GPA Aspire Award* $1,500 need-based supplement to HOPE Parents’ 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 ONLY College Pays We Can Get You There. 20 20

21 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation HOPE Renewal Criteria Minimum 2.75 cumulative GPA after 24 and 48 attempted hours After attempting 72 (96, 120, etc.) hours, a student may retain the award by either Achieving at least a 3.0 cumulative GPA OR Achieving 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 GPA College Pays We Can Get You There. 21 21

22 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation HOPE Renewal Criteria Must maintain satisfactory academic progress AND continuous enrollment Students should NEVER drop a course without consulting the financial aid office about how it may impact their HOPE eligibility If 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 office Scholarship is terminated after attainment of baccalaureate degree OR 5 years have passed from initial enrollment – whichever occurs first College Pays We Can Get You There. 22 22

23 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation FAFSA Wilder-Naifeh Technical Skills Grant $2,000 per year at TN Technology Center (TTC) TN residents pursuing certificate or diploma program at TTC Students 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 program Submit FAFSA College Pays We Can Get You There. 23

24 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation FAFSA HOPE Access Grant HOPE Scholarship for non-traditional students HOPE Foster Child Tuition Grant Simply 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. 24 24

25 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation Online Applications Dual Enrollment Grant* Deadlines Vary Ned McWherter Scholars Program* Deadline February 15 Robert C. Byrd Honors Scholarship Program* Deadline March 1 Dependent Children Scholarship Program Deadline July 15 Minority Teaching Fellows Program (Loan Forgiveness) Deadline April 15 Communicate 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. 25 25

26 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation Online Applications Helping Heroes Grant Deadlines September 1 (fall); February 1 (spring); May 1 (summer) TN Teaching Scholars Program (Loan Forgiveness) Deadline April 15 TN Math & Science Teacher Loan Forgiveness Program Graduate Nursing Loan Forgiveness Program Deadline March 1 Rural Health Loan Forgiveness Program Deadline September 1 Communicate 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. 26 26

27 College Pays . . . We Can Get You There.
Tennessee Student Assistance Corporation Senior Year Summary FALL SEMESTER Apply to several colleges (admissions, institutional aid, etc) Complete local/private scholarship applications Obtain PINs for student and parent to complete FAFSA SPRING SEMESTER Complete FAFSA available January 1, 2011 Continue completing local/private scholarship applications Review college acceptances, compare financial aid packages, ask questions, and follow up as needed College Pays We Can Get You There. 27 27

28 Financial Aid Package Package Federal State Private Institutional 28

29 College Pays . . . We Can Get You There.
Questions College Pays We Can Get You There.

30 College Pays . . . We Can Get You There.
Contact Information Drew Freeman TSAC Outreach New website address: College Pays We Can Get You There.


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