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 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  Student and a parent should create FSA IDs (fsaid.ed.gov) S PRING S EMESTER  Complete 2016-17 FAFSA available January 1, 2016  Complete local/private scholarship applications  Review college acceptances, compare financial aid packages, ask questions, and follow up as needed

3. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Cost of Attendance Direct Costs TuitionFeesRoom & Board Indirect Costs BooksTravelPersonal

4. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Cost of Attendance 2-yr Public 4-yr Public TN Private; Out of State Tuition/Fees $3,801$12,436$43,620 Room/Meals $9,926$14,670 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$1,664VARIES Miscellaneous$400$4,002$4,620 COA$12,635$29,626$64,280

5. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Paying for College College ScholarshipsGrantsLoansYou

6. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Financial Aid Sources Your Financial Aid Package InstitutionalPrivateFederalState

7. 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 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

8. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Financial Aid Sources State (HOPE) Federal (Pell Grant) Institutional (College) Miscellaneous (Local)

9. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Institutional Aid Academic Competitive? Renewable? Deadlines Need-Based Determined by the EFC College may use “Institutional Methodology” Performance Art Athletic Major Music Theatre Attribute Church affiliation Alumni Diversity Sibling

10. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Private Aid School counselor Other high school websites www.collegefortn.orgwww.fastweb.com

11. 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!

12. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA 2016-17 FAFSA on the Web – Available January 1, 2016 – www.fafsa.gov (VERY IMPORTANT!) – Student and parent are encouraged to create FSA IDs (fsaid.ed.gov) prior to January 1 – To initially submit FAFSA in January, use estimated tax information (i.e. 2014 tax return, 2015 W-2 information, or last paystub)

13. 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  2015 tax information for student and parent(s) To complete and submit FAFSA in January, use estimated tax information (i.e. 2014 tax return, 2015 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

14. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Federal Aid Pell $626 - $5,775 per academic yr 0 – 5198 EFC Need based FSEOG $100 - $4,000 per academic yr Exceptional financial need Work Study Amount Varies Typically paid to student

15. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION State Aid (2-yr) HOPE Scholarship $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

16. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION State Aid (4-yr) HOPE Scholarship $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

17. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION State Aid HOPE Access $875 or $1,250 per semester 18 ACT & 2.75 GPA* & Parent AGI <=$36,000 Wilder- Naifeh $2,000 per academic year Certificate/ Diploma TCAT TSAA $1,000 – $4,000 per academic year 0 EFC March 1 *All courses calculated on a 4.0 scale per the Uniform Grading Policy

18. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION 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 March 1 *All courses calculated on a 4.0 scale per the Uniform Grading Policy

19. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION HOPE Renewal 2.75 cumulative GPA 24 attempted hour benchmark 2.75 cumulative GPA 48 attempted hour benchmark 3.0 cumulative GPA or 2.75 – 2.99 cumulative GPA & 3.0 semester GPA 72 attempted hour benchmark 3.0 cumulative GPA or 2.75 – 2.99 cumulative GPA & 3.0 semester GPA 96 attempted hour benchmark

20. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION TN Promise Mentoring program with a last-dollar scholarship for any responsible Tennessee student.

21. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION TN Promise www.tnachieves.org Your County’s Partnering Organization Is…

22. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION TN Promise Checklist  Apply to the Tennessee Promise program at www.TNPromise.gov by November 2, 2015  Complete 2016-17 FAFSA at www.FAFSA.gov by February 15, 2016  Attend two mandatory meeting in the spring as coordinated by tnAchieves  Complete 8 hours of community service between January 1, 2016 – August 1, 2016  Students selected for FAFSA verification must submit material to the college by August 1, 2016

23. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION TN Promise ExamplesABC Tuition$4,000 HOPE/Pell/TSAA -$5,775-$3,000$0 Gap $0$1,000$4,000 TN Promise$0 Tuition$0 $1,000 $0 $4,000 $0

24. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Online Applications Ned McWherter Up to $6,000/ academic year February 15 29 ACT & 3.5 GPA* Dependent Children Award amount varies See brochure Dual Enrollment Grant High school juniors/seniors Contact institution *All courses calculated on a 4.0 scale per the Uniform Grading Policy

25. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Other Aid Academic Common MarketCSS ProfileFee Discount Program

26. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Financial Aid Sources Your Financial Aid Package InstitutionalPrivateFederalState

27. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Contact Info Annie Trout annie.trout@tn.gov 615.604.0119 (c)

28. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION TN Promise Examples 2-yr Public 4-yr Public 4-yr Private Tuition$4,000$8,000$20,000 Eligible Tuition $4,000 HOPE/Pell/TSAA -$3,000-$3,500 TN Promise-$1,000-$500 Your cost$0$4,000$16,000

29. 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

30. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Contact Info Jason.Seay@TN.gov 615.253.7459 (o) 615.319.1740 (c)

31. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION ACT TEST DATEREGISTRATION DEADLINELATE FEE DEADLINE September 12, 2015August 7, 2015August 21, 2015 October 24, 2015September 18, 2015October 2, 2015 December 12, 2015November 6, 2015November 20, 2015 February 6, 2016January 8, 2016January 15, 2016 April 9, 2016March 4, 2016March 18, 2016 April 19, 2016**JUNIORS** SEE SCHOOL COUNSELOR June 11, 2016May 6, 2016May 20, 2016 ACT

32. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION SAT TEST DATEREGISTRATION DEADLINELATE FEE DEADLINE October 3, 2015September 3, 2015September 22, 2015 November 7, 2015October 9, 2015October 27, 2015 December 5, 2015November 5, 2015November 23, 2015 January 23, 2016December 28, 2015January 12, 2016 March 5, 2016February 5, 2016February 23, 2016 May 7, 2016April 8, 2016April 26, 2016 June 4, 2016May 5, 2016May 25, 2016 SAT

33. 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!

34. 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! HELP AND HINTS = YOUR FRIEND

35. 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

36. 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

37. 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

38. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Financial Information 2015 IRS tax return – already completed, will file, or not going to file Will file – 2014 tax return, 2015 W-2 forms, or last pay stub Income tax – amount paid; should not be the same as the AGI IRS Data Retrieval Tool – once 2015 tax return is completed, return to FAFSA to make corrections; tax information imported directly from IRS; simplifies verification

39. 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

40. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Sign & Submit Preparer – no Sign electronically – student and parent are encouraged to create FSA IDs (fsaid.ed.gov) prior to January 1 Terms of Agreement – agree SUBMIT MY FAFSA NOW – see I promised it wasn’t that bad!

41. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA Reminders Student Aid Report – PLEASE REVIEW IT!!!!!!! Correction deadlines – Be cognizant of college deadlines for FAFSA corrections A student must possess a valid SSN and be a U.S. citizen or an eligible noncitizen to complete a FAFSA and qualify for Title IV aid. DREAM Act SSN’s are NOT considered valid for FAFSA completion.

42. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Confirmation Pell Grant estimate (0 – 5198 EFC) and info on student loan eligibility Detailed college information (grad, retention, and transfer rates) Begin a new application with parents’ info link

43. 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

44. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Federal Aid Subsidized Stafford 4.29% fixed Interest does not accrue Unsubsidized Stafford 4.29% fixed Interest does accrue Parent PLUS 6.84% fixed Interest does accrue

45. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Loan Wisdom Borrow Federal first because they’re cheaper, more available, and have better repayment terms than private student loans. Live like a student while you’re in college so you don’t have to live like one after college. Do not borrow more for your entire education than your expected starting salary after you graduate. If you are borrowing more than $10,000/year for college, consider a less expensive school.

46. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION 0 EFC; 3.0 GPA2-yr Public4-yr PublicTN Private COA$12,635$29,626$64,280 Pell Grant-$5,775 HOPE/Aspire-$3,500-$5,000 TN Promise$0 Inst/Private??? Award Letter 0 EFC; 3.0 GPA2-yr Public4-yr PublicTN Private COA$12,635$29,626$64,280 Pell Grant-$5,775 HOPE/Aspire-$3,500-$5,000 TN Promise$0 Inst/Private??? Net Price$3,360$18,851$53,505

47. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Award Letter 5158 EFC; 3.0 GPA 2-yr Public4-yr PublicTN Private COA $12,635$29,626$64,280 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$12,635$29,626$64,280 Pell Grant$0 HOPE-$3,000-$3,500 TN Promise-703$0 Inst/Private??? Net Price$8,932$26,126$60,780

48. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION