1. 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
November 1: Deadline to register for TN Promise

2. Hope Scholarship Tennessee Promise
Financial Aid
Hope Scholarship
Tennessee Promise

3. TSAC

4. Money For College

5. 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

6. Financial Aid

7. Student Loan Debt

9. November 1

10. December 1

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

13. Institutional Aid

14. FAFSA

15. 2018-19 FAFSA Available October 1, 2017
(VERY IMPORTANT!)
Student will submit FAFSA using IRS Data Retrieval Tool to upload 2016 tax information

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

17. 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

18. 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

19. 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

20. 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

21. 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

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

23. Federal Aid Subsidized Stafford Unsubsidized Stafford Parent PLUS
3.76% fixed ( )
Interest does not accrue
Unsubsidized Stafford
Interest does accrue
Parent PLUS
6.31% fixed ( )

25. TN Promise Checklist
Apply to the Tennessee Promise program at by November 1, 2017
Complete FAFSA at 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

26. Private Aid

27. National Scholarships

28. National Scholarships

29. National Scholarships

31. Contact Info
(c)

32. Community College

33. Eileen Collins

34. George Lucas

35. Walt Disney

37. Social Media
Like us on Facebook at: Tennessee Student Assistance Corporation Follow us on Check out our website at:

38. THE END

39. Financial Aid Sources

40. 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

41. Connect with TSAC

42. Application Portal

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

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

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

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

47. FAFSA

48. 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”.

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

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

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

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

53. 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.

54. 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

55. By 2025

56. 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 for other notifications