1. FAFSA Fridays
Financial Aid 101

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

3. Eligibility
A student must possess a valid SSN and be a U.S. citizen or an eligible noncitizen as defined by FAFSA…

4. Ineligibility
A student will NOT qualify for federal or state aid if he or she has…
Been granted Deferred Action for Childhood Arrivals (DACA)
A F1 or F2 student visa
A J1 or J2 exchange visitor visa
A G series visa (pertaining to international organizations)
Other categories not included under U.S. citizen and eligible noncitizen

5. DACA SSN Card

6. DACA Resources http://tnedequity.org/undocumented/

7. Federal Aid Pell FSEOG Work Study $598 - $5,815 (2016-17)
$598 - $5,815 ( )
0 – 5234 EFC Need based ( )
FSEOG
$100 - $4,000
Exceptional financial need
Work Study
Amount Varies
Typically paid to student

8. 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 ( )

9. Federal Loan Limits

10. HOPE (2-yr) HOPE Scholarship GAMS Aspire Award $1,500 per semester
21 ACT/SAT or 3.0 GPA*
GAMS
$500 per semester
29 ACT/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

11. HOPE (4-yr) HOPE Scholarship GAMS Aspire Award
$1,750/sem then $2,250/sem
21 ACT/SAT or 3.0 GPA*
GAMS
$500 per semester
29 ACT/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

12. HOPE GED/HiSet HOPE Scholarship Aspire Award
$1,500 – $2,250 per semester
21 ACT & 170 GED or 15 HiSet
Aspire Award
$250 or $750 per semester
AGI <=$36,000
For HOPE as a GED/HiSet earner, beyond satisfying the ACT/SAT and GED/HiSet test score requirements, the student must enroll in college 16 months from earning the GED/HiSet. The ACT composite (or 980 SAT) must be achieved on a national test date prior to beginning college.

13. HOPE/GAMS/Access GPA
HOPE weighted GPA (4.0 scale) = most districts’ unweighted GPA

14. 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

15. 18 ACT & 2.75 GPA* & Parent AGI <=$36,000
Other 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 – 2,100 EFC January 17
Ned McWherter
Up to $6,000/ academic year
29 ACT & GPA* February 15
*All courses calculated on a 4.0 scale per the Uniform Grading Policy

16. State Aid (TCAT) Wilder- Naifeh TCAT Reconnect
$2,000 per academic year
Certificate/ Diploma TCAT
TCAT Reconnect
Last dollar award to offset tuition
Must be independent on FAFSA

17. Non-traditional NT Hope Scholarship CC Reconnect $1,500 per semester
25 years old & AGI <=$36,000 & 12 hrs/2.75
CC Reconnect
Last dollar award to offset tuition
Must already have 30 hours toward AA/AS
For NT HOPE, if the student has previously been enrolled in college, the student must have at least a two year break since his/her previous enrollment.

18. TN Promise Checklist
Apply to the Tennessee Promise program at by November 1, 2016
Complete FAFSA at by January 17, 2017
Attend two mandatory meetings as coordinated by your county’s partnering organization
Complete 8 hours of community service between November 2, 2016 – July 1, 2017
Students selected for FAFSA verification must submit material to the college by August 1, 2017

19. 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

20. 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

21. 50+ available majors with Pathways
Outline of required courses to follow
Start at any of 13 TN community colleges
All TN public universities & 21 private universities accept Pathways
Guaranteed transfer of credits
Combine with TN Promise to save half the cost of your bachelor’s degree

22. Other Information Academic Common Market CSS Profile
Fee Discount Program

23. Foster Youth HOPE Foster Grant (14+) TN Bright Futures (16+)
Chafee ETV Scholarship

24. University of Tennessee Vanderbilt University
STEP UP Scholarship
IDEAL Program
Lipscomb University
Union EDGE Program
Union University
TigerLIFE
University of Memphis
UT Future
University of Tennessee
Next Steps
Vanderbilt University

25. Jason.Seay@TN.gov 615.253.7459 (o) 615.319.1740 (c)
Contact Info
(o)
(c)