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Georgia Student Finance Commission Who Are You?

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Presentation on theme: "Georgia Student Finance Commission Who Are You?"— Presentation transcript:

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2 Georgia Student Finance Commission

3 Who Are You?

4 What Do You Want To Be?

5 How Are You Going To Get There?

6 Creating an Account

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9 Your Portfolio – Get Started Here!

10 Your Profile

11 Career Planning

12 High School Planning

13 High School Planning Timeline

14 College Planning

15 School Profile

16 SAT Prep

17 Financial Aid Planning

18 Scholarships 4 Types of Scholarships & Examples: Academic ability – Georgia’s HOPE Scholarship Artistic ability – music scholarship Athletic ability – football scholarship Affiliation with groups - Rotary Club Scholarship

19 Search For Scholarships

20 Stafford Loan Limits 2009 – 2010 Academic Year Dependent Students whose Parents are Eligible for a PLUS LoanBaseAdditional Unsubsidized Annual Maximum Amount Freshmen$3,500$2,000$5,500 Sophomore$4,500$2,000$6,500 Junior/Senior$5,500$2,000$7,500 Independent Students and Dependent Students whose Parents were Denied a PLUS LoanBaseAdditional Unsubsidized Annual Maximum Amount Freshmen$3,500$6,000$9,500 Sophomore$4,500$6,000$10,500 Junior/Senior$5,500$7,000$12,500

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26 Georgia HOPE Scholarship Program Largest Non-Need Based Program in the Nation Students must meet: A cademic Requirement of a 3.0 GPA in core classes for College Prep or 3.2 for Technical Career Prep C itizenship R esidency E nroll in a HOPE eligible school in Georgia

27 HOPE Scholarship Award Amounts At a Georgia public college, university or technical college: Award will cover tuition, HOPE-approved mandatory fees, and a book allowance At a Georgia private college: Award will be $3,500 per academic year for full-time study

28 Maintaining the HOPE Scholarship HOPE Eligibility Checkpoints 30 attempted semester hours 60 attempted semester hours 90 attempted semester hours And at the end of every Spring Semester Students have a maximum of 127 attempted semester hours (190 quarter hours) to be awarded HOPE Scholarship Funds.

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31 HOPE Grant Program For students enrolling in a certificate or a diploma program Does not consider grade point average Covers tuition, HOPE approved mandatory fees, and a book allowance of up to $100 per quarter or $150 per semester Covers up to 63 semester hours or 95 quarter hours

32 How To View Hope GPA On GAcollege Go to Shortcuts and click on Your HOPE GPA 2. Log in or create a GAcollege411 Account, be sure to include your social security number 3. Enter your last name, date of birth, and social security number 4. Select the first letter of your high school 5. Select high school name You will be able to view any information we have available on your high school HOPE GPA. Your information will only be available once your high school has reported your transcript data and verified your GPA calculation.

33 Financial Aid 101

34 How Much Does College Cost? Costs to Consider Tuition and mandatory fees Room and board Books and supplies Transportation Personal expenses (clothing, laundry, entertainment, medicine and healthcare, cell phone)

35 What is Financial Aid? Sources of Financial Aid Federal government State government Colleges and universities Community groups (religious organizations, civic organizations, corporations, professional organizations, etc.)

36 Types of Financial Aid Merit Based Scholarship Need Based Grant Student or Parent Loans Service Cancelable Loans for Critical Field Service Employment Opportunities, Work Study Military Aid and Grants Savings Plans

37 Financial Aid Based on Need Federal Pell Grant Federal Supplemental Education Opportunity Grant (FSEOG) Leveraging Educational Assistance Partnership Grant (LEAP) Academic Competiveness Grant (ACG) National Science and Math Access to Retain Talent (SMART) Grant Perkins Loan

38 Other Scholarship & Grant Programs Administered by GSFC Georgia Tuition Equalization Grant Program HERO Scholarship Program Law Enforcement Personnel Dependents Grant Public Safety Memorial Grant North Georgia College ROTC Grant HOPE GED Voucher

39 Stafford Loan Program Subsidized Stafford Loans – interest is paid by the government while enrolled (at least half-time) Unsubsidized Stafford Loans – student is responsible for paying the interest on the loan Repayment begins 6 months after graduation or ceasing to be enrolled half-time

40 Federal Loan Programs Subsidized Stafford Loans for students – Current Interest Rate is 5.6% Unsubsidized Stafford Loans for students – Current Interest Rate is 6.8% PLUS Loan for parents – Current Interest Rate is 8.5% We estimate that the actual average student loan debt level for the class of 2007 is nearly $21,900: $19,400 for borrowers at public universities and nearly $25,700 for borrowers at private colleges.

41 How Do I Apply? Apply electronically at: or Apply for your PIN online at: pin.ed.gov Check with the college Financial Aid Office for other applications that may need to be completed

42 How Do I Apply?

43 What Does the FAFSA Require? To complete the FAFSA, you will need: Completed Tax Returns Information on untaxed income, such as child support Household Information To Receive a Paper FAFSA: Call FED-AID Download the paper application at

44 What Does the FAFSA Do? The FAFSA will determine the Expected Family Contribution (EFC). The EFC estimates the family’s ability to contribute toward educational costs. The EFC formula includes financial information collected on the FAFSA, family size and number of dependents.

45 What Does the FAFSA Do? College Cost of Attendance (Determined by the School) Minus the Expected Family Contribution Equals the Amount of Need Based Aid Student May Qualify For

46 Need Additional Information? Visit Review GSFC’s “Financial Aid In Georgia”

47 Contact Us Call GSFC at

48 Questions? Thank you!


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