1. Financial Aid 101
Paying for College

2. Senior Year Checklist Fall Semester Spring Semester
Take and retake the ACT/SAT
Apply to several colleges (admissions, institutional aid, etc) and utilize their net price calculators
Student and a parent should create FSA IDs (fsaid.ed.gov)
Complete FAFSA available October 1, 2016
Spring Semester
Complete local/private scholarship applications
Review college acceptances, compare financial aid packages, ask questions, and follow up as needed

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
$3,801
$12,436
$43,620
Room/Meals
$4,210
$9,926
$14,670
Books/Supplies
$1,200
$1,598
$1,370
Transportation
$3,024
$1,664
VARIES
Miscellaneous
$400
$4,002
$4,620
COA
$12,635
$29,626
$64,280
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. 2017-18 FAFSA 2017-18 FAFSA on the Web Available October 1, 2016
(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 2015 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
2015 tax information for student and parent(s)
To complete and submit FAFSA in October, most families will upload their 2015 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. 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

9. TN Promise Checklist
Apply to the Tennessee Promise program at by November 1
Complete FAFSA at by January 15
Attend two mandatory meetings assigned by partnering organization
Complete 8 hours of community service for every semester you receive award.
Students selected for FAFSA verification must submit material to the college by July 15

10. 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

11. 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

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

13. 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

14. 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 – federal student aid identification number; used to complete and 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

15. 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!

16. HELP AND HINTS = YOUR FRIEND
FAFSA
HELP AND HINTS = YOUR FRIEND

17. Frequent Issues
Last Name, First Name, SSN – must match social security card
Length of residency question
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