1. What ? What is considered Financial Aid? Who? Who can get Financial Aid ? How? Do I apply for Financial Aid? When? When are deadlines and what happens next? Mary Vergano Financial Aid Specialist Tarrant County College Northwest Financial Aid 101 fahelp@tccd.edu

2. What is Financial Aid? Financial aid is money provided by the federal government, states, institutions and other sources to help students pay for college This can consists of different programs – Grants – Loans – Scholarships – Work-Study Programs Financial aid is money provided by the federal government, states, institutions and other sources to help students pay for college This can consists of different programs – Grants – Loans – Scholarships – Work-Study Programs

3. Who’s eligible??? General Eligibility Requirements:  Have a H.S. Diploma or GED  U.S. Citizen or Eligible Non-Citizen  Enroll for an eligible degree or certificate program  Enroll at least 6 hours for most programs General Eligibility Requirements:  Not be convicted of an offense involving a controlled substance  Register for Selective Service (Male Students)  Not owe a refund on federal grant or be in default on a loan  Maintain Satisfactory Academic Progress

4. Application Process Every Financial Aid Program begins with the FAFSA  Free Application for  Federal Student Aid  Do not pay to process this free application  The student completes the  FAFSA at  www.fafsa.gov  Annual Process  FAFSA available in January each year for the Fall semester

5. *New* FSA ID’s  Effective May 2015  Electronic signature  Required for BOTH parent & student  Adds additional 20 mins to FAFSA process

6. Senate Bill 1528 Students

7. How the Aid is calculated… The Financial Aid Office uses the following formula to determine eligibility: Calculate the Need: Cost of Attendance -Estimated Family Contribution (from SAR) Financial Need The EFC is figured by the federal processor from the information provided on the FAFSA

8. Examples of Cost – EFC = Need TCC  Dependent Student living at home Cost$11,541 EFC 1300 Total Need 10,241 Texas A&M  Undergraduate Student living in dorm Cost$24,024 EFC 1300 Total Need 22,724

9. Financial Aid Program Gift Aid: Funds that do not have to be repaid  Federal Pell Grant(EFC 0 -- 5198)  Awarded over 115 million this year, so far  Limited to the equivalent of 6 FT years  Federal SEOG(EFC 0 -- 5198)  TEXAS Grant (EFC 0 – 4620)  Must be in Recommended or Advance High School Program  4 year institution only beginning 2014-15  TEOG Grant  Community/2 year institutions  Texas Public Education Grant/Texas Equalization Grant  Other ( Book Scholarship, Book Cards)  Stars of Tomorrow (TCC Only)  Scholarships

10. Texas Science, Technology, Engineering and Math Challenge Scholarship High school graduate or GED Have a 3.0 on a 4.0 scale in math/science Maintain 3.0 GPA Enrolled in STEM major Male Students Registered for Selective Services Not based on financial need Up to $2500 per year For more information www.tccd.edu/financial T-STEM Scholarship

11. Self-Help: Must be repaid or must work for funds  Federal and State College Work-study  Allows students to work on or off-campus  Federal Subsidized Stafford and Unsubsidized Loans  Subsidized loans have deferred interest while in school  Unsubsidized loans no deferred interest Financial Aid Programs Cont.

12. Satisfactory Academic Progress Federal Regulation for All Institutions  All Students Must have a 67% completion rate of all hours attempted Completed hours/Attempted hours Must be at least 67% Must have a cumulative GPA of 2.0 Maximum Timeframe a student is eligible for financial aid Cannot exceed 150% of publish program  Appeal process for students who do not meet standard depends on school’s policy Effective July 1, 2011 Can only receive aid for a class twice if you pass with A, B, C, or D

13. Degree Audits  Effective Summer 2015  Must enroll in classes required for their degree plan in order for FA to cover  Check with a Counselor/Advisor if unsure of what classes to take

14. LEU = Lifetime Eligibility Units Students are limited to 6 FT years of Pell Grant (600%) Each full-time payment equals to 50% of Pell grant – Full-time 12 or more hours50% – ¾ time 9 – 11 hours38% – HT 6-8 hours25% – LHT 1-5 hours12% UEH = Unusual Enrollment History Students who attend 2 or more institutions in 3 year period are flagged Must prove academic credit received to continue eligibility 150% = Subsidized Loan Limits Community college students limited to 3 years University students limited to 6 years New Rules/New Limits

15. Deadlines Admission Deadline (2 weeks before classes begin) Financial Aid Deadline (May 1) Form of Communication Electronic/Paper (MYTCC Email) Awarding Procedures First-come, first served for most programs Payment Procedures TCC uses Higher One to disburse refunds TCC Choice Card sent in mail to choose option Leave refund on card Open Higher One Checking Account Have funds delivered to your own personal bank Paper check Information To Know…

16. Attendance Requirements Must establish attendance in ALL classes prior to ODR Funds will be adjusted or canceled and must be repaid Official Date of Enrollment Pre-determined date each semester based on when school is required to report enrollment to state. Drops before ODR will result in aid adjustment and repayment of funds. Last Date of Attendance We must base repayment on the last date of actual enrollment or participation Dropping all Classes/All F’s Students who drop ALL classes or receive All F’s may have to repay funds to school and/or government based on LDA More information to Know…

17. Contact Financial Aid  (817) 515-4243  Website  www.tccd.edu  Scholarship Sites  Collegeforalltexans.com  Collegeboard.com  Fastweb.com  Send email  fahelp@tccd.edu Have Questions?