1. Paying for college

2. Money For College

3. Financial Aid Terms COA – cost of attendance; varies by institution
FAFSA – Free Application for Federal Student Aid (
FSA ID – usernames/passwords created by student AND parent to electronically sign the FAFSA
EFC – expected family contribution; number derived from the FAFSA and used to determine need based aid eligibility
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
Work study – money received from on campus employment
Verification – random “audit” of FAFSA

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

5. Foster Youth HOPE Foster Grant (14+) TN Bright Futures (16+)
Chafee ETV Scholarship
A foster child is defined as one who was in the custody of the Tennessee Department of Children’s Services (see TSAC info)
*In addition to meeting the minimum HOPE and HOPE Access Grant eligibility requirements, a student shall present the Corporation with official certification from the Department of Children’s Services that the student meets the eligibility requirement for the HOPE Foster Child Tuition Grant.
Tennessee Bright Futures State-Funded Scholarship
Who is eligible?
Current or former foster youth that were in care on or after the age of 16 but have not yet reached the age of 24.
- AND -
Youth that were in foster care in the state of Tennessee.
The Chafee ETV Scholarship
Current or former foster youth. Youth must have been in foster care until the age of 18
- OR -
Youth that were adopted from foster care at or after the age of 16 but have not yet reached the age of 21.

6. 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
The Tennessee STEP UP Scholarship is a program designed to assist students with intellectual disabilities who have completed high school and enroll in an individualized program of study of up to four (4) years at an eligible postsecondary institution.
Application deadlines: September 1 for Fall; February 1 for Spring; May 1 for Summer

7. TSAC Brochure

8. TSAC Brochure

9. HOPE Scholarship HOPE Scholarship GAMS Aspire Award
$1,500/$1,750 per semester
21 ACT/SAT OR 3.0 GPA*
GAMS
$500 per semester
29 ACT/SAT & 3.75 GPA*
Aspire Award
$250/$750 per semester
Parents AGI <=$36,000
*All courses calculated on a 4.0 scale per the Uniform Grading Policy

10. State Aid continued HOPE Access Wilder- Naifeh TSAA
$875/$1,250 per semester
18-20 ACT & GPA* & AGI<$36K
Wilder- Naifeh
$2,000 per academic year
Certificate/ Diploma TCAT
TSAA
$1,000 – $4,000 per academic year
0 – 2,100 EFC February 1
*All courses calculated on a 4.0 scale per the Uniform Grading Policy

11. HOPE/GAMS/Access GPA
HOPE GPA (4.0 scale) = most districts’ unweighted GPA
Per State Board of Education policy, HOPE Scholarship GPA “shall be reported on the student’s transcript as the HOPE Scholarship GPA”
Slide 10 – inserted the GPA slide to, once again, make sure everyone is aware the HOPE/GAMS/Access GPA must adhere to the uniform grading policy (most districts’ unweighted GPA).  Moreover, per State Board of Education policy, the HOPE GPA “shall be reported on the student’s transcript as the HOPE Scholarship GPA.”  MNPS and Shelby County’s transcripts already comply with such language appearing on their transcripts, but I believe most districts are unaware of this policy.

12. TSAC Student Portal

13. TSAC Student Portal
Students should review their state aid institution…

14. TSAC Brochure

15. TN Promise Checklist
Apply to the Tennessee Promise program at by November 1, (TSAC is working toward compatibility with all browsers)
Complete FAFSA at by February 1, 2019
Attend spring mandatory meeting as coordinated by partnering organization
Complete 8 hours of community service between November 2, 2018 – July 1, 2019

16. TN Promise (Semester) Examples A B C Tuition $2,250 -$3,250 -$1,500 $0
HOPE/Pell/TSAA
-$3,250
-$1,500 $0
Gap
$750
TN Promise $0
Tuition
$750 $0
$2,250 $0

17. 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

18. FAFSA
Available October 1, 2018
Complete website redesign

19. 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)

20. tnedequity.org

21. Dependency ?s 24 or older? Married? Master’s or Doctorate?
U.S. Armed Forces?
Veteran?
Children/dependent receiving ½ their support from you?
Since you turned 13, were both parents deceased, foster care, or ward of the court?
Emancipated?
Legal guardianship?
Unaccompanied youth who was homeless?

22. Who is My Parent
The following people are NOT your parents unless they have legally adopted you…
Widowed Stepparent
Grandparents
Foster Parents
Legal Guardians
Older Brothers or Sisters
Aunts or Uncles

23. 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

25. Dependency Status Results
Log in to the FAFSA- Help for parents:
Only students may use their FSA ID to log in. Parents and others can start a FAFSA for a student by entering the student's identifiers. Parents and others can also work on a FAFSA form or correction the student started using the Save Key that the student made.

29. See..filling out the FAFSA is easy!

30. Federal Aid Pell FSEOG Work Study $652 - $6,095 (2018-19)
$652 - $6,095 ( )
0 – 5486 EFC Need based ( )
FSEOG
$100 - $4,000
Exceptional financial need
Work Study
Amount Varies
Typically paid to student

31. Student Loan Debt

32. Federal Aid Subsidized Stafford Unsubsidized Stafford Parent PLUS
5.05% fixed ( )
Interest does not accrue initially
Unsubsidized Stafford
Interest does accrue
Parent PLUS
7.6% fixed ( )

33. Federal Loan Limits

34. 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 parent will create FSA IDs (fsaid.ed.gov) to...
Complete FAFSA available October 1, 2018
Spring Semester
Complete local/private scholarship applications
Review college acceptances, compare financial aid packages, ask questions, and follow up as needed

36. TN Reconnect Checklist
Complete the TN Reconnect application at
Apply to community college, TCAT, or eligible TN Reconnect institution.
Submit the FAFSA at (deadline varies).
Enroll in a degree or certificate program at least part-time (6+ hours).

38. Need Help?

39. THANK YOU

40. Outreach Division