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Financial Aid 101 Paying for College.

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Presentation on theme: "Financial Aid 101 Paying for College."— Presentation transcript:

1 Financial Aid 101 Paying for College

2 2018-19 FAFSA Available October 1, 2017
(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 2016 tax information

3 FSA ID Please record usernames, passwords, and challenge ? answers

4 FAFSA Checklist Student’s Social Security number
Parent(s)’ Social Security number(s) Student’s driver’s license number if you have one 2016 tax information for student and parent(s) Most parents/students will upload their 2016 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

5 FAFSA Investments Include Do NOT Include Rental property Trust funds
Money market funds Mutual funds Certificates of deposit Stocks Stock options 529 college savings plans UTMA/UGMA accounts Do NOT Include Primary place of residence 401[k] plans Pension funds Annuities Non-education IRAs

6 Federal Aid Subsidized Stafford Unsubsidized Stafford Parent PLUS
4.45% fixed ( ) Interest does not accrue Unsubsidized Stafford Interest does accrue Parent PLUS 7% fixed ( )

7 Certificate/ Diploma TCAT
State Aid TSAA $1,000 – $4,000 per academic year 0 – 2,100 EFC January 16 HOPE Scholarship $1,500/$1,750 per semester 21 ACT or 1060 SAT or 3.0 GPA* Wilder- Naifeh $2,000 per academic year Certificate/ Diploma TCAT *All courses calculated on a 4.0 scale per the Uniform Grading Policy

8 TN Promise Checklist Apply to the Tennessee Promise program at by November 1, 2017 Complete FAFSA at by January 16, 2018 Attend spring mandatory meeting as coordinated by tnAchieves Complete 8 hours of community service between November 2, 2017 – July 1, 2018

9 TN Promise Examples A B C Tuition $4,300 -$8,000 -$3,000 $0 $1,300
HOPE/Pell/TSAA -$8,000 -$3,000 $0 Gap $1,300 TN Promise $0 Tuition $1,300 $0 $4,300 $0

10 50+ available majors with Pathways
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

11 Contact Info


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