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Holly Bates Student Affairs Coordinator Technical College System of Georgia May 23, 2012 The philosophy of need based financial aid programs is based upon.

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Presentation on theme: "Holly Bates Student Affairs Coordinator Technical College System of Georgia May 23, 2012 The philosophy of need based financial aid programs is based upon."— Presentation transcript:

1 Holly Bates Student Affairs Coordinator Technical College System of Georgia May 23, 2012 The philosophy of need based financial aid programs is based upon the premise that it is the responsibility of the family to pay for college and aid is to bridge the difference between costs and family resources.

2 2  Admission to a Technical College System of Georgia (TCSG) college is a multi-step process which consists of evaluation of prior academic experience and assessment for postsecondary readiness of eligible applicants. Requirements vary by institution and may be higher than the system minimum.  Apply to your technical college of choice  25 Georgia Technical Colleges 1. Complete the Admission application ▪ Printed Application ▪ Online Application ▪ GACollege411.org 2. Pay one-time Application fee ▪ Includes all costs associated with admit process May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

3 3 3. Submit Official Transcripts  GED  High School Diploma  Must be accredited from TCSG’s List of Recognized Accrediting Agencies or a public school regulated by a school system and state department of education  Unaccredited, Certificates of Attendance or special education diplomas are not recognized for admission purposes  Must obtain a GED  Home School  Within Georgia  Outside Georgia  Postsecondary Institutions  With or without transfer credits May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

4 4 4. Take Placement Test COMPASS ASSET SAT, ACT, or Georgia High School Graduation Test in English/Language Arts Official transcripts from other post secondary institutions documenting program-level English and math coursework with a C or better May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

5 5  Admissions Categories  Regular  Provisional  Learning Support  Special Admit  Transient  Programs of Study  Certificate – 9 to 36 credit hours  Diploma – 37 to 59 credit hours  Associate Degree - 60 to 70 credit hours May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

6 6  How to apply  Free Application for Federal Student Aid (FAFSA) ▪ Application for all student aid (annual) ▪ & pin.ed.gov ▪ Paper Application ▪ Request a paper FAFSA by calling FED-AID ( ). If you are hearing impaired, please contact the TTY line at May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

7 7  What documents will I need????  Your Social Security card. It is important that you enter your Social Security Number correctly!  Your driver’s license (if any)  Your 2011 W-2 forms and other records of money earned  Your (and your spouse’s, if you are married) 2011 Federal Income Tax Return. ▪ IRS 1040, 1040A, 1040 EZ or Foreign Tax Return  Your Parents’ 2011 Federal Income Tax Return (if dependent student)  Your 2011 untaxed income records  Your current bank statements  Your current business and investment mortgage information, business and farm records, stock, bond and other investment records  Your alien registration or permanent resident card (if you are not a U.S. citizen) May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

8 8  For help with completing the FAFSA, you can go to  Paper FAFSA – processes in (7-10) days  FAFSA on the Web – processes in (3-5) days  College will receive an electronic copy of the student’s FAFSA data May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

9 Financial Aid Application Process Student/Parent applies for a PIN number at Student/Parent completes FAFSA application at U.S. Department of Education processes FAFSA and sends a Student Aid Report (SAR) to student and an Institutional Student Information Record (ISIR) to Office of Student Financial Aid. Has the student been admitted into a program of study by the Admissions Office? College holds FAFSA data and continues to check admission status No Yes Selected for verification or additional information needed? No College will send an award or denial notice advising student of their Financial Aid award status. Yes FA Office requests additional information from student/parent FA Office requests additional information from student/parent Upon receipt of all requested documentation, the FA Office performs application review. Correction needed? Yes College will send an award or denial notice advising student of their Financial Aid award status. FA Office will submit corrected FAFSA data to the U.S. DOE for reprocessing. Allow 1-2 weeks No College will send an award or denial notice * advising student of their Financial Aid award status.

10 10 Cost of Attendance (Budget) – Expected Family Contribution = Financial Need Financial Need – Financial Assistance (Awards) = Unmet Need  Based on Financial Need  Cannot Over-Award a Student

11 11  Federal Aid  Pell Grant ▪ $5,550 Maximum Pell award (0 EFC)  Campus Based Aid ▪ Federal Work Study ▪ Federal Supplemental Educational Opportunity Grant (FSEOG)  Direct Loans (for those colleges that offer them)  Eligibility  Must be enrolled in an approved Title IV program  Must be admitted as a Provisional or Regular status student  Must be enrolled at least half-time (Direct Loans only) May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

12 12 Annual Loan LimitsAggregate Loan Limits Grade in SchoolSubsidizedAdditional UnsubsidizedTotal CombinedSubsidized LimitOverall Limit Dependent* $ 23,000$ 31,000 First Year$ 3,500$ 2,000$5,500 Second Year$ 4,500$ 2,000$6,500 Third Year and beyond$ 5,500$ 2,000$7,500 Independent $ 23,000$ 57,500 First Year$ 3,500$ 6,000$9,500 Second Year$ 4,500$ 6,000$10,500 Third Year and beyond$ 5,500$ 7,000$12,500 May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience *Undergraduate Dependent students whose parents are unable to borrow a PLUS loan will be eligible for the Undergraduate Independent loan limits.

13 13 May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience  Generally, to be eligible for a Direct Loan students must:  Meet normal Title IV eligibility requirements  Be enrolled at least a half-time  Be maintaining satisfactory academic progress  Not be in default on a federal student loan or owe money for an overpayment  Have financial need if applying for subsidized Direct Loans  Not have obtained loan amounts that exceed annual or aggregate loan limits  Enrolled in a Title IV eligible program  Can be eligible with a Bachelor’s degree ▪ Looks at grade level of current program

14 14  State Aid  HOPE Scholarship* – Associate Degree programs  Zell Miller Scholarship* – Associate Degree programs  HOPE Grant* – Certificate Diploma programs  HOPE GED* - $500 voucher  Student Access Loan Program  Georgia HERO Scholarship  Georgia Public Safety Memorial Grant  Accel – approved degree courses *HB 326 designated these programs as Lottery Funded. All other programs are considered state funded. Program changes effective Fall Semester 2011 May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

15 15  Georgia Scholarship/Grant Application (GSFAPPS) ▪ HOPE only application ▪ HOPE Grant ▪ HOPE Scholarship ▪ Zell Miller Scholarship ▪ HOPE GED ▪ Valid for 72 months – 84 months beginning with the regulations ▪ ▪ HERO, Student Access Loan, Accel, and Georgia Public Safety Memorial Grant each have their own application May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

16 16  General Program Requirements for the HOPE Grant, HOPE Scholarship, and Zell Miller Scholarship  An eligible student must:  Be a legal resident of Georgia;  Meet academic achievement standards required by the program or the college;  Be registered with the Selective Service, if required;  Be in compliance with the Georgia Drug-Free Postsecondary Education Act of 1990;  Meet HOPE’s U.S. citizenship or eligible non-citizen requirements;  Be in good standing on all student loans or other financial aid programs;  Not have exceeded the maximum award limits for any HOPE program;  Meet enrollment requirements; and  Attend an eligible Georgia school. May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

17 17  HOPE Scholarship - Eligibility  Graduate from a HOPE-eligible high school with a 3.0 GPA  Complete a HOPE eligible home study program with a 3.0 GPA  Graduate from an ineligible high school, complete an ineligible home study program, or earn a GED, and score in the national composite 85th percentile or higher on the SAT or ACT tests.  Earn a 3.0 grade point average at the college level on degree coursework after attempting 30, 60, or 90 semesters hours regardless of high school graduation status May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

18 18  HOPE Scholarship – Seven Year Expiration of Eligibility  Seven years from the date of the student's high school graduation, home study completion, or successful GED test, if the student meets all other requirements.  The expiration of eligibility date will be June 30th of the seventh academic year following the student's date of high school graduation, home study completion, or successful GED test.  However, students that served on active duty in the U.S. Military after his or her date of high school graduation, home study completion, or successful GED test and before the calculated expiration of eligibility date may request an extension of eligibility based on such active duty service time.  If the student had a HOPE Scholarship disbursement prior to Summer Quarter 2011, they remain eligible until June 30, May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

19 19  A college degree-seeking student is ineligible for the HOPE Scholarship if the student:  Received payment from any combination of HOPE Scholarship, Zell Miller Scholarship, HOPE Grant, and Accel Program funds (through Spring term 2011) totaling 127 semester hours of credit;  Attempted 127 semester hours of college degree credit, regardless of whether or not HOPE funds were received while attempting the hours;  Earned a baccalaureate (four-year) college degree, regardless of whether or not HOPE funds were received while earning the degree  Other  Does not pay for learning support coursework  Student can lose and regain eligibility once  Book allowance and mandatory fees payment eliminated  Dual hours will not count towards attempted hours in determining eligibility May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

20 20  Zell Miller Scholarship Eligibility  Must meet HOPE Scholarship eligibility  All students entering the scholarship program must earn at least a 3.7 cumulative grade point average (GPA) on a 4.0 scale for all English, math, science, social studies and foreign language coursework attempted between grades 9-12 and score at least a 1200 on the Math and Reading/Verbal portions of the SAT in one test administration or score at least a 26 composite score on the ACT;  Graduate as the Valedictorian or Salutatorian  Once enrolled in college,  3.3 GPA at each checkpoint (End of Spring, Three Term, & after attempting 30, 60, 90 semester hours)  Award Limits – Same as HOPE Scholarship (previous slide)  Other  Does not pay for learning support coursework  Student can lose and regain eligibility once May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

21 21  HOPE Grant – Major Changes  Book allowance and mandatory fees payment eliminated  Eliminates eligibility for students with a Baccalaureate degree  3.0 GPA requirement ▪ GPA will be checked at the first checkpoint a student reaches after Fall Semester 2011, but will include all coursework taken up until that point ▪ Must maintain a 3.0 GPA at the 30 and 60 semester hour checkpoints ▪ Dual enrollment coursework will not count in GPA or checkpoint calculations ▪ Learning support coursework will not count in GPA or checkpoint calculations ▪ Coursework taken prior to July 2003 does not count May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

22 22  HOPE Grant – Residency  Beginning Fall Semester 2011, a student who meets the Georgia Residency requirements at the time of his or her high school graduation, Home Study program completion or successful GED test, must also meet such Georgia Residency requirements for 12 consecutive months immediately prior to the first day of classes of the school term for which the HOPE Grant is sought.  Beginning Fall Semester 2011, a student who does not meet the Georgia Residency requirements at the time of high school graduation, Home Study program completion or successful GED test must meet such Georgia Residency requirements for 24 consecutive months immediately prior to the first day of classes of the school term for which the HOPE Grant is sought. May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

23 23  Beginning Fall Semester 2011, Military Personnel stationed in Georgia on Active Duty, or listing Georgia as his or her home of record, his or her Spouse, and his or her Dependent Child shall be treated as a Georgia Resident for purposes of HOPE Grant, HOPE Scholarship, and HOPE GED.. May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

24 24  Factor Rate will be determined by GSFC annually  Fall Semester HOPE Award = o Currently pays 81% of standard tuition rate (Prior Year Standard Tuition Rate x 15 hours) x Factor Rate 15 May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

25 25 May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience  The HOPE GED Grant amount is a one-time $500 award.  This award can be used toward tuition, books and other educational costs at an eligible public technical college or public or private college or university in a degree, diploma or certificate program.  Valid for 24-months from date of issuance of GED  Residency  A student must meet the Georgia Residency requirements for 12 consecutive months immediately prior to the first day of classes of the school term for which the HOPE GED Grant is sought.  Beginning Fall Semester 2011, a student who received a GED who did not meet the Georgia Residency requirements on the date of successful GED test, must meet such Georgia Residency requirements for 24 consecutive months immediately prior to the first day of classes of the school term for which the HOPE GED Grant is sought.

26 26  Introduced in HB 326 and administered by Georgia Student Finance Commission (GSFC)  The SAL loan program is designed to be funding of last resort for college students who have a gap in their college financing.  The interest rate on the loan is 1% and the repayment term is ten years after graduation.  Students may borrow up to $10,000 per year up to COA.  Interest payments are required while the student is enrolled.  Students must graduate from an eligible high school with a cumulative Grade Point Average (GPA) of at least 2.5 in core subjects. (This is subject to change with new regulations)  Students must be Georgia Residents  To be eligible for a SAL Program loan, students must have applied for other student financial aid including federal and state student loans, scholarships and grants.  Students are randomly selected from the pool of all applicants. May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience

27 27 May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience  Other  Workforce Investment Act (WIA)  Veteran’s Benefits  Vocational Rehabilitation  Local Scholarships  Private Scholarships  Third-Party

28 28 May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience  Admissions and Financial Aid application processes are COMPLETELY separate!  It’s important that students understand each has its own requirements, forms, and deadlines!

29 29 May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience A typical financial aid officer’s secret desk drawer…

30 30 May 23, 2012Admissions & Financial Aid - Where to Begin the Technical College Experience Holly Bates Student Affairs Coordinator (404)


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