Financial Aid Sources Institutional (College) Federal (Pell Grant)

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Presentation transcript:

Financial Aid Sources Institutional (College) Federal (Pell Grant) State (Promise/ HOPE) Miscellaneous (Local) #class of 2017 Tennessee Student Assistance Corporation

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 #class of 2017 Tennessee Student Assistance Corporation

TN Promise Last dollar scholarship towards TUITION ONLY Can be used towards an Associates Degree Program at Public and Private in-state schools Online application (TNPromise.gov) Mandatory meetings (2) Community service (8 hours each semester) No Academic Requirement!!; TN Resident, TN High School graduate #class of 2017 Tennessee Student Assistance Corporation

Tennessee Student Assistance Corporation TN Promise #class of 2017 Tennessee Student Assistance Corporation

Tennessee Student Assistance Corporation 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 #class of 2017 Tennessee Student Assistance Corporation

Tennessee Student Assistance Corporation 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 #class of 2017 Tennessee Student Assistance Corporation

Federal Aid Pell FSEOG Work Study $598 - $5,815 (2016-17) $598 - $5,815 (2016-17) 0 – 5234 EFC Need based (2016-17) FSEOG $100 - $4,000 Exceptional financial need Work Study Amount Varies Typically paid to student #class of 2017 Tennessee Student Assistance Corporation

Federal Aid Subsidized Stafford Unsubsidized Stafford Parent PLUS 4.29% fixed (2015-16) Interest does not accrue Unsubsidized Stafford Interest does accrue Parent PLUS 6.84% fixed (2015-16) #class of 2017 Tennessee Student Assistance Corporation

Tennessee Student Assistance Corporation FAFSA #class of 2017 Tennessee Student Assistance Corporation

2017-18 FAFSA Available October 1, 2016 www.fafsa.gov (VERY IMPORTANT!) Student AND parent will create FSA ID usernames/passwords (fsaid.ed.gov) to sign electronically Student and parent will submit FAFSA using IRS Data Retrieval Tool to upload 2015 tax information

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) Most parents/students 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

Erika Adams Outreach Specialist East TN Tennessee Student Assistance Corporation erika.adams@tn.gov 615-417-0355 Twitter: @erikaadams40