1. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Financial Aid 101 Funding a College Education

2. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Financial Aid Sources

3. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION 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 PIN – personal identification number; used 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

4. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Cost of Attendance

5. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Cost of Attendance 2-yr Public 4-yr Public TN Private; Out of State Tuition/Fees $3,703$11,246$43,838 Room/Board $10,296$14,382 2-yr Public 4-yr Public TN Private; Out of State Tuition/Fees $3,703$11,246$43,838 Room/Board$4,180 $10,296$14,382 Books/Supplies$1,200$1,582$1,370 Transportation$3,024$1,664VARIES Miscellaneous$400$4,002$2,730 COA$12,507$28,790$62,320

6. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Federal Aid

7. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Federal Aid

8. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA 2012-13 FAFSA on the Web – Available now – www.fafsa.gov (VERY IMPORTANT!) – PRIORITY DEADLINE IS AS SOON AS POSSIBLE AFTER JANUARY 1, 2012!

9. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA 2015-16 FAFSA on the Web – Available January 1, 2015 – www.fafsa.gov (VERY IMPORTANT!) – PRIORITY DEADLINE IS AS SOON AS POSSIBLE AFTER JANUARY 1, 2015!

10. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION State Aid (2-yr) *All courses calculated on a 4.0 scale per the Uniform Grading Policy

11. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION State Aid (4-yr) *All courses calculated on a 4.0 scale per the Uniform Grading Policy

12. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION State Aid *All courses calculated on a 4.0 scale per the Uniform Grading Policy

13. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Online Applications *All courses calculated on a 4.0 scale per the Uniform Grading Policy

14. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Private Aid

15. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION 0 EFC; 3.0 GPA2-yr Public4-yr PublicTN Private COA$12,507$28,790$62,320 Pell Grant-$5,730 HOPE/Aspire-$3,500-$5,000 TN Promise$0 Inst/Private??? Award Letter 0 EFC; 3.0 GPA2-yr Public4-yr PublicTN Private COA$12,507$28,790$62,320 Pell Grant-$5,730 HOPE/Aspire-$3,500-$5,000 TN Promise$0 Inst/Private??? Net Price$3,277$18,060$51,590

16. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Award Letter 5158 EFC; 3.0 GPA 2-yr Public4-yr PublicTN Private COA $12,507$28,790$62,320 Pell Grant$0 HOPE -$3,000-$3,500 TN Promise -703$0 Inst/Private??? 5158 EFC; 3.0 GPA 2-yr Public4-yr PublicTN Private COA$12,507$28,790$62,320 Pell Grant$0 HOPE-$3,000-$3,500 TN Promise-703$0 Inst/Private??? Net Price$8,804$25,290$58,820

17. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION

18. TN Promise ExamplesABC Tuition$4,000 Pell/TELS/TSAA -$5,730-$3,000$0 Gap $0$1,000$4,000 TN Promise$0 Tuition$0 $1,000 $0 $4,000 $0

19. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION TN Promise Checklist  Apply to the Tennessee Promise program at www.TNPromise.gov by November 1, 2014  Complete 2015-16 FAFSA at www.FAFSA.gov by February 15, 2015  Attend first mandatory meeting coordinated by a partnering organization by March 1, 2015  Attend second mandatory meeting coordinated by a partnering organization by May 31, 2015  Complete 8 hours of community service between January 1, 2015 – August 1, 2015

20. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Senior Year Checklist F ALL S EMESTER  Take and retake the ACT/SAT  Apply to several colleges (admissions, institutional aid, etc) and utilize their net price calculators  Complete local/private scholarship applications S PRING S EMESTER  Complete 2015-16 FAFSA available January 1, 2015  Continue completing local/private scholarship applications  Review college acceptances, compare financial aid packages, ask questions, and follow up as needed

21. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Social Media Like us on Facebook at: Tennessee Student Assistance Corporation Follow us on Twitter: @TNFinancialAid Check out our website at: www.TN.gov/collegepays

22. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Contact Info Erika.Adams@TN.gov 615.417.0355 (c) Twitter:@erikaadams40

23. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION ACT TEST DATEREGISTRATION DEADLINELATE FEE DEADLINE September 13, 2014August 8, 2014August 22, 2014 October 25, 2014September 19, 2014October 3, 2014 December 13, 2014November 7, 2014November 21, 2014 February 7, 2015January 9, 2015January 16, 2015 March 3, 2015**JUNIORS** SEE SCHOOL COUNSELOR April 18, 2015March 13, 2015March 27, 2015 June 13, 2015May 8, 2015May 22, 2015 ACT

24. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION SAT TEST DATEREGISTRATION DEADLINELATE FEE DEADLINE October 11, 2014September 12, 2014September 30, 2014 November 8, 2014October 9, 2014October 28, 2014 December 6, 2014November 6, 2014November 24, 2014 January 24, 2015December 29, 2014January 13, 2015 March 14, 2015February 13, 2015March 3, 2015 May 2, 2015April 6, 2015April 21, 2015 June 6, 2015May 8, 2015May 27, 2015 SAT

25. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA Checklist  Student’s Social Security number  Parent(s)’ Social Security number(s)  Student’s driver’s license number if you have one  2014 tax information for student and parent(s) To complete and submit FAFSA in January, use estimated tax information (i.e. 2013 tax return, 2014 W-2 information, or last paystub)  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

26. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Student Demographics Last Name, First Name, SSN – must match social security card Length of residency question E-mail – leave blank if you prefer to receive information by postal mail Selective Service – males only; register me Grade level – never attended college/1 st yr. Degree – 1 st bachelor’s degree, associate degree, certificate or diploma Work-study – yes

27. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION 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

28. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION 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, 1 st initial of 1 st name, SSN – must match social security card Length of residency question # in college – do not include your parents in this number

29. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Financial Information 2014 IRS tax return – already completed, will file, or not going to file Will file – 2013 tax return, 2014 W-2 forms, or last pay stub Income tax – amount paid; should not be the same as the AGI IRS Data Retrieval Tool – once 2014 tax return is completed, return to FAFSA to make corrections; tax information imported directly from IRS; simplifies verification

30. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA Investments I NCLUDE  Rental property  Trust funds  Money market funds  Mutual funds  Certificates of deposit  Stocks  Stock options  529 college savings plans D O NOT I NCLUDE  Primary place of residence  401[k] plans  Pension funds  Annuities  Non-education IRAs  UTMA/UGMA accounts for which you are the custodian but not the owner

31. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Sign & Submit Preparer – no Sign electronically – student and parent must each create PIN; may be identical I Forgot/Don’t Know My PIN – challenge question (what city were you born in); case sensitive Terms of Agreement – agree SUBMIT MY FAFSA NOW – see I promised it wasn’t that bad!

32. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Confirmation Pell Grant estimate (0 – 5157 EFC) and info on student loan eligibility Detailed college information (grad, retention, and transfer rates) Begin a new application with parents’ info link

33. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Student Aid Report Notification of FAFSA processing results via e- mail (if provided on FAFSA) or paper (if e-mail 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

34. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION HOPE Renewal