Welcome to Financial Aid 101 Important Dates October 1: FAFSA Opens October 2: TN Promise Meeting for Students during School Day October 3: Senior Retake of ACT for all seniors October 18: TN Promise Signing Day at BHS October 25: Sumner County College Night at Vol State Community College – Preregistration Required at http://gotocollegefairs.com/ November 1: Deadline to register for TN Promise

Hope Scholarship Tennessee Promise Financial Aid Hope Scholarship Tennessee Promise

TSAC

Money For College

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 FSA ID – usernames/passwords created by student AND parent 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

Financial Aid

Student Loan Debt

November 1

December 1

Financial Aid Sources Institutional (College) Federal (Pell Grant) State (HOPE) Miscellaneous (Local)

Institutional Aid

FAFSA

2018-19 FAFSA Available October 1, 2017 www.fafsa.gov (VERY IMPORTANT!) Student will submit FAFSA using IRS Data Retrieval Tool to upload 2016 tax information

FSA ID Student and parent should keep record of usernames, passwords, and challenge ? answers

FAFSA Checklist Student’s Social Security number Parent(s)’ Social Security number(s) Student’s driver’s license number if you have one 2016 tax information for student and parent(s) Most parents/students will upload their 2016 tax information using the IRS Data Retrieval Tool via FAFSA. 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

FAFSA Investments Include Do NOT Include Rental property Trust funds Money market funds Mutual funds Certificates of deposit Stocks Stock options 529 college savings plans UTMA/UGMA accounts Do NOT Include Primary place of residence 401[k] plans Pension funds Annuities Non-education IRAs

State Aid (2-yr) Hope Scholarship GAMS Aspire Award $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

State Aid (4-yr) Hope Scholarship GAMS Aspire Award $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

18 ACT & 2.75 GPA* & Parent AGI <=$36,000 State Aid HOPE Access $875 or $1,250 per semester 18 ACT & 2.75 GPA* & Parent AGI <=$36,000 TSAA $1,000 – $4,000 per academic year 0 – 2100 EFC January 17 Ned McWherter Up to $6,000/ academic year 29 ACT & 3.5 GPA February 15

Federal Aid Pell FSEOG Work Study $598 - $5,920 (2018-19) $598 - $5,920 (2018-19) 0 – 5234 EFC Need based (2018-19) FSEOG $100 - $4,000 Exceptional financial need Work Study Amount Varies Typically paid to student

Federal Aid Subsidized Stafford Unsubsidized Stafford Parent PLUS 3.76% fixed (2017-18) Interest does not accrue Unsubsidized Stafford Interest does accrue Parent PLUS 6.31% fixed (2017-18)

TN Promise Checklist Apply to the Tennessee Promise program at www.TNPromise.gov by November 1, 2017 Complete 2018-19 FAFSA at www.FAFSA.gov by January 16, 2018 Attend two mandatory meeting in spring 2017 as coordinated by tnAchieves Complete 8 hours of community service between November 2, 2017 – July 1, 2018 Students selected for FAFSA verification must submit material to the college by August 1, 2018

Private Aid

National Scholarships

National Scholarships

National Scholarships

Contact Info sam.mullins@tn.gov 931.303.3296 (c)

Community College

Eileen Collins

George Lucas

Walt Disney

Social Media Like us on Facebook at: Tennessee Student Assistance Corporation Follow us on Twitter: @TNFinancialAid Check out our website at: www.TN.gov/collegepays

THE END

Financial Aid Sources

State Aid Hope Access Wilder- Naifeh TSAA $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

Connect with TSAC

Application Portal

TN Promise Application Portal Click “Create a Log in” to create an account.

Complete the application, check the box to accept terms and conditions, and click “Create my account”.

TN Promise Portal Enter the username created and click “Log In”.

TN Promise Portal Answer your challenge questions and click “Continue”.

FAFSA

TN Promise Portal You will see the image you selected TN Promise Portal You will see the image you selected. Enter your password and click “Log In”.

TN Promise Portal Click “Apply for Scholarships” to access online portal applications for Tennessee Promise and other scholarships.

TN Promise Portal Scroll down page and click “Tennessee Promise Application”.

TN Promise Portal Click “I Agree” to proceed to the application.

TN Promise Portal Answer several questions and click “Continue” to submit application.

Congratulations, you’ve successfully submitted your application Congratulations, you’ve successfully submitted your application. When you click “OK”, a PDF of the application will appear for you print/save for your records only. Please do NOT mail PDF to TSAC.

HOPE Renewal 24 attempted hour benchmark 48 attempted hour benchmark 2.75 cumulative GPA 24 attempted hour benchmark 48 attempted hour benchmark 3.0 cumulative GPA or 2.75 – 2.99 cumulative GPA & 3.0 semester GPA 72 attempted hour benchmark 96 attempted hour benchmark

By 2025

TN PROMISE Deadlines November 1 – Application Deadline October 2 – First Promise meeting at school January 16 – complete FAFSA in order to remain eligible April 9 - Mandatory TN Achieves Meeting - at 5:30 PM in BHS cafeteria in order to remain eligible July 1 – Complete and Report Community Service in order to remain eligible Watch your email for other notifications