FAFSA Fridays Financial Aid 101

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

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

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

DACA SSN Card

DACA Resources http://tnedequity.org/undocumented/ www.latinocollegedollars.org www.hispanicfund.org www.chcinextopp.net www.maldef.org/leadership/scholarships

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

Federal Aid Subsidized Stafford Unsubsidized Stafford Parent PLUS 3.76% fixed (2016-17) Interest does not accrue Unsubsidized Stafford Interest does accrue Parent PLUS 6.31% fixed (2016-17)

Federal Loan Limits

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

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

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.

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

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

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 & 3.5 GPA* February 15 *All courses calculated on a 4.0 scale per the Uniform Grading Policy

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

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.

TN Promise Checklist Apply to the Tennessee Promise program at www.TNPromise.gov by November 1, 2016 Complete 2017-18 FAFSA at www.FAFSA.gov 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

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

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

50+ available majors with Pathways www.tntransferpathway.org 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

Other Information Academic Common Market CSS Profile Fee Discount Program

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

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

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