T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Senior Parent Meeting August 31, 2015

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Senior Year Checklist F ALL S EMESTER  Take and retake the ACT/SAT  Apply to several colleges (admissions, institutional aid, etc) and utilize their net price calculators  Complete local/private scholarship applications S PRING S EMESTER  Complete FAFSA available January 1, 2016  Continue completing local/private scholarship applications  Review college acceptances, compare financial aid packages, ask questions, and follow up as needed

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Apply for admission online Fill out a transcript request form in guidance Vocational Schools (TCAT-Hartsville) paper application Basic Steps: College Admission

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Application Deadlines Fee requirements (all figures based on ) Admission requirements Cost of attendance Scholarship information Information subject to change; students’ responsibility to visit websites and gather pertinent information Schedule fall preview dates College Information

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Some colleges have a November 1 st deadline for admission and scholarships If you miss a deadline, nothing can be done. It is the students’ responsibility to research deadlines for their school of choice. Get housing applications in early (online). Remember: Deadlines are Important!!

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Questions?

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Financial Aid 101 Funding a College Education

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Cost of Attendance Direct Costs TuitionFeesRoom & Board Indirect Costs BooksTravelPersonal

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Cost of Attendance 2-yr Public 4-yr Public TN Private; Out of State Tuition/Fees $3,703$11,246$43,838 Room/Board $10,296$14,382 2-yr Public 4-yr Public TN Private; Out of State Tuition/Fees $3,703$11,246$43,838 Room/Board$4,180 $10,296$14,382 Books/Supplies$1,200$1,582$1,370 Transportation$3,024$1,664VARIES Miscellaneous$400$4,002$2,730 COA$12,507$28,790$62,320

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Financial Aid Sources Package InstitutionalPrivateFederalState

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA FAFSA on the Web – Available January 1, 2016 – (VERY IMPORTANT!) – PRIORITY DEADLINE IS AS SOON AS POSSIBLE AFTER JANUARY 1, 2016!

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA FAFSA on the Web – Available now – (VERY IMPORTANT!) – PRIORITY DEADLINE IS AS SOON AS POSSIBLE AFTER JANUARY 1, 2012!

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION TN Promise Checklist  Apply to the Tennessee Promise program at by November 2, 2015  Complete FAFSA at by February 15, 2016  Attend first mandatory meeting coordinated by TN Achieves on January 19, 5:30  Attend second mandatory meeting coordinated by TN Achieves on April 12, 5:30  Complete 8 hours of community service between January 1, 2016 – August 1, 2016

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION TN Promise ExamplesABC Tuition$4,000 Pell/TELS/TSAA -$5,730-$3,000$0 Gap $0$1,000$4,000 TN Promise$0 Tuition$0 $1,000 $0 $4,000 $0

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION State Aid (2-yr) HOPE Scholarship $1,500 per semester 21 ACT or 980 SAT or 3.0 GPA* GAMS $500 per semester 29 ACT or 1280 SAT & 3.75 GPA* Aspire Award $250 per semester Parents AGI <=$36,000 *All courses calculated on a 4.0 scale per the Uniform Grading Policy

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION State Aid (4-yr) HOPE Scholarship $1,750/sem then $2,250/sem 21 ACT or 980 SAT or 3.0 GPA* GAMS $500 per semester 29 ACT or 1280 SAT & 3.75 GPA* Aspire Award $750 per semester Parents AGI <=$36,000 *All courses calculated on a 4.0 scale per the Uniform Grading Policy

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION State Aid HOPE Access $875 or $1,250 per semester 18 ACT & 2.75 GPA* & Parent AGI <=$36,000 Wilder- Naifeh $2,000 Certificate/ Diploma TCAT TSAA $1,000 – $4,000 0 EFC FAFSA January *All courses calculated on a 4.0 scale per the Uniform Grading Policy

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Online Applications Ned McWherter Up to $6,000 February ACT & 3.5 GPA* Dependent Children Award amount varies See brochure Dual Enrollment Grant High school juniors/seniors Contact institution *All courses calculated on a 4.0 scale per the Uniform Grading Policy

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Social Media Like us on Facebook at: Tennessee Student Assistance Corporation Follow us on Check out our website at:

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Financial Aid Terms COA – cost of attendance; varies by institution EFC – expected family contribution; number derived from the FAFSA and used to determine need based aid eligibility FAFSA – Free Application for Federal Student Aid PIN – personal identification number; used to electronically sign the FAFSA SAR – student aid report; summary of FAFSA information Grant – free money based on need Loan – money borrowed that must be paid back with interest Scholarship – free money awarded on the basis of merit, skill, or unique characteristic Verification – random “audit” of FAFSA Work study – money received from on campus employment

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Paying for College Income & Savings (43%)* Loans (27%) Grants/ Scholar- ships (30%)

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Institutional Aid Academic Competitive? Renewable? Deadlines Need-Based Determined by the EFC College may use “Institutional Methodology” Performance Art Athletic Major Music Theatre Attribute Church affiliation Alumni Diversity Sibling

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION ACT TEST DATEREGISTRATION DEADLINELATE FEE DEADLINE September 12, 2015August 7, 2015August 21, 2015 October 24, 2015September 18, 2015October 2, 2015 December 12, 2015November 6, 2015November 20, 2015 February 6, 2016January 8, 2016January 15, 2016 April 9, 2016March 4, 2016March 18, 2016 June 11, 2016May 6, 2016May 20, 2016 ACT

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION SAT TEST DATEREGISTRATION DEADLINELATE FEE DEADLINE October 3, 2015September 3, 2015September 22, 2015 November 7, 2015October 9, 2015October 27, 2015 December 5, 2015November 5, 2015November 23, 2015 January 23, 2016December 28, 2015January 12, 2016 March 5, 2016February 5, 2016February 23, 2016 May 7, 2016April 8, 2016April 26, 2016 June 4, 2016May 5, 2016May 25, 2016 SAT

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Private Aid School counselor Other high school websites

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA Checklist  Student’s Social Security number  Parent(s)’ Social Security number(s)  Student’s driver’s license number if you have one  2015 tax information for student and parent(s) To complete and submit FAFSA in January, use estimated tax information (i.e tax return, 2015 W-2 information, or last paystub)  Records of your untaxed income, such as child support and veterans noneducation benefits for student and parent(s)  Information on checking and savings account balances; investments; and business and farm assets

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Student Demographics Last Name, First Name, SSN – must match social security card Length of residency question – leave blank if you prefer to receive information by postal mail Selective Service – males only; register me Grade level – never attended college/1 st yr. Degree – 1 st bachelor’s degree, associate degree, certificate or diploma Work-study – yes

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Dependency Status If all “no” responses, student is dependent; parental information needed If “yes” to any question, student is independent; parental information is not needed If you have a special circumstance and cannot provide parental information, contact the financial aid office at the college(s) you plan to attend in order to complete the FAFSA; professional judgment

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Parent Demographics Parent – adoptive or biological Divorced/separated – answer questions about parent whom you lived with more during the past 12 months Remarried – answer questions about parent you live with and your stepparent Last Name, 1 st initial of 1 st name, SSN – must match social security card Length of residency question # in college – do not include your parents in this number

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Financial Information 2015 IRS tax return – already completed, will file, or not going to file Will file – 2014 tax return, 2015 W-2 forms, or last pay stub Income tax – amount paid; should not be the same as the AGI IRS Data Retrieval Tool – once 2015 tax return is completed, return to FAFSA to make corrections; tax information imported directly from IRS; simplifies verification

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA Investments I NCLUDE  Rental property  Trust funds  Money market funds  Mutual funds  Certificates of deposit  Stocks  Stock options  529 college savings plans D O NOT I NCLUDE  Primary place of residence  401[k] plans  Pension funds  Annuities  Non-education IRAs  UTMA/UGMA accounts for which you are the custodian but not the owner

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Confirmation Pell Grant estimate (0 – 5157 EFC) and info on student loan eligibility Detailed college information (grad, retention, and transfer rates) Begin a new application with parents’ info link

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Student Aid Report Notification of FAFSA processing results via e- mail (if provided on FAFSA) or paper (if not provided on FAFSA) or online Review data for accuracy Institutional Student Information Report (ISIR) sent to colleges listed on FAFSA two weeks after initial FAFSA submission Additional documentation may be requested by institution; verification

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Federal Aid Pell $602 - $5,730 0 – 5157 EFC Need based FSEOG $100 - $4,000 Exceptional financial need Work Study Amount Varies Typically paid to student

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Federal Aid Subsidized Stafford 4.66% fixed Interest does not accrue Unsubsidized Stafford 4.66% fixed Interest does accrue Parent PLUS 7.21% fixed Interest does accrue

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION 0 EFC; 3.0 GPA2-yr Public4-yr PublicTN Private COA$12,507$28,790$62,320 Pell Grant-$5,730 HOPE/Aspire-$3,500-$5,000 TN Promise$0 Inst/Private??? Award Letter 0 EFC; 3.0 GPA2-yr Public4-yr PublicTN Private COA$12,507$28,790$62,320 Pell Grant-$5,730 HOPE/Aspire-$3,500-$5,000 TN Promise$0 Inst/Private??? Net Price$3,277$18,060$51,590

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Award Letter 5158 EFC; 3.0 GPA 2-yr Public4-yr PublicTN Private COA $12,507$28,790$62,320 Pell Grant$0 HOPE -$3,000-$3,500 TN Promise -703$0 Inst/Private ??? 5158 EFC; 3.0 GPA 2-yr Public4-yr PublicTN Private COA $12,507$28,790$62,320 Pell Grant$0 HOPE -$3,000-$3,500 TN Promise -703$0 Inst/Private ??? Net Price $8,804$25,290$58,820

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA Workshop – January WHS Volunteer State Community College offers assistance no matter where the student may be attending school FAFSA Assistance

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION COLLEGE VOL STATE COMMUNITY COLLEGE SEPTEMBER 23, – 8 PM

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Contact Info (o) (c)

T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Contact Info (c)