1. Financial Aid 101
Paying for College

2. Cost of Attendance Direct Costs Indirect Costs Tuition Fees
Room & Board
Indirect Costs
Books
Travel
Personal

3. TN Private; Out of State TN Private; Out of State
Cost of Attendance
2-yr Public
4-yr Public
TN Private; Out of State
Tuition/Fees
$4,083
$12,724
$44,496
Room/Meals
$4,210
$10,238
$14,962
Books/Supplies
$1,200
$1,598
$1,294
Transportation
$3,024
$1,664
VARIES
Miscellaneous
$400
$4,002
$3,902
COA
$12,917
$30,226
$64,654
2-yr Public
4-yr Public
TN Private; Out of State
Tuition/Fees
$3,801
$12,436
$43,620
Room/Meals
$9,926
$14,670

4. Institutional (College)
Financial Aid Sources
Institutional (College)
Private (Local)
Federal (Pell Grant)
State (HOPE)

5. FAFSA 2012-13 FAFSA on the Web Available now
(VERY IMPORTANT!)
Priority deadline is as soon as possible after January 1, 2012!

6. 2018-19 FAFSA 2017-18 High School Seniors Available October 1, 2017
(VERY IMPORTANT!)
Student and parent are encouraged to create FSA IDs (fsaid.ed.gov) prior to October 1
Student and parent will submit FAFSA using IRS Data Retrieval Tool to pull 2016 tax information

7. 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)
To complete and submit FAFSA in October, most families 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

8. HELP AND HINTS = YOUR FRIEND
FAFSA
HELP AND HINTS = YOUR FRIEND
FAFSA on the Web
Available now
(VERY IMPORTANT!)
Priority deadline is as soon as possible after January 1, 2012!

9. Student Information
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/1st yr.
Degree – 1st bachelor’s degree, associate degree, certificate or diploma
Work-study – yes

10. 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

11. 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, 1st initial of 1st name, SSN – must match social security card
Length of residency question
# in college – do not include your parents in this number

12. Financial Information
2016 IRS tax return – already completed, will file, or not going to file
Income tax – amount paid; should not be the same as the AGI
IRS Data Retrieval Tool – once 2016 tax return is completed, tax information imported directly from IRS; simplifies verification
Financial Info needed from Parent and Student

13. 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

14. Sign & Submit Preparer – no
Sign electronically – student and parent must each create FSA ID
I Forgot/Don’t Know My FSA ID – answer challenge questions; case sensitive
Terms of Agreement – agree
SUBMIT MY FAFSA NOW – see I promised it wasn’t that bad!

15. Confirmation
Pell Grant estimate (if eligible) and info on student loan eligibility
Detailed college information (grad, retention, and transfer rates)
Begin a new application with parents’ info link

16. Student Aid Report
Notification of FAFSA processing results via (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

17. Federal Aid Pell FSEOG Work Study $598 - $5,920 (2017-18)
$598 - $5,920 ( )
0 – 5234 EFC Need based ( )
FSEOG
$100 - $4,000
Exceptional financial need
Work Study
Amount Varies
Typically paid to student

18. Certificate/ Diploma TCAT
State Aid
HOPE Scholarship
$1,500 – $1,750 per semester
21 ACT or 980 SAT or 3.0 GPA*
Wilder- Naifeh
$2,000 per academic year
Certificate/ Diploma TCAT
TSAA
$1,000 – $4,000 per academic year
0 EFC Jan 15
*All courses calculated on a 4.0 scale per the Uniform Grading Policy

19. TN Promise Checklist
Apply to the Tennessee Promise program at by November 1
Complete FAFSA at by January 15
Attend a mandatory meetings assigned by partnering organization
Complete 8 hours of community service for every semester you receive award.

20. TN Promise Examples A B C Tuition $4,000 -$8,000 -$3,000 $0 $1,000
HOPE/Pell/TSAA
-$8,000
-$3,000 $0
Gap
$1,000
TN Promise $0
Tuition
$1,000 $0
$4,000 $0

21. Annie Trout annie.trout@tn.gov 615.604.0119 (c)
Contact Info
Annie Trout
(c)

22. TN Promise Tuition $4,000 $8,000 $20,000 -$3,000 -$3,500 TN Promise
Examples
2-yr Public
4-yr Public
4-yr Private
Tuition
$4,000
$8,000
$20,000
Eligible Tuition
HOPE/Pell/TSAA
-$3,000
-$3,500
TN Promise
-$1,000
-$500
Your cost $0
$16,000