1. Hope Scholarship Tennessee Promise
Financial Aid
Hope Scholarship
Tennessee Promise

2. TSAC

3. Money For College

4. 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 – usernames/passwords created by student AND parent to electronically 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

5. Financial Aid

6. Student Loan Debt

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

9. Institutional Aid

10. FAFSA

11. 2017-18 FAFSA Available October 1, 2016
(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

12. FSA ID
Student and parent should keep record of usernames, passwords, and challenge ? answers

13. 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

14. 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

15. State Aid (2-yr) Hope Scholarship GAMS Aspire Award
$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. State Aid (4-yr) Hope Scholarship GAMS Aspire Award
$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. 18 ACT & 2.75 GPA* & Parent AGI <=$36,000
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 – 2100 EFC January 17
Ned McWherter
Up to $6,000/ academic year
29 ACT & 3.5 GPA February 15

18. 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

19. Federal Aid Pell FSEOG Work Study $598 - $5,815 (2016-17)
$598 - $5,815 ( )
0 – 5234 EFC Need based ( )
FSEOG
$100 - $4,000
Exceptional financial need
Work Study
Amount Varies
Typically paid to student

20. Federal Aid Subsidized Stafford Unsubsidized Stafford Parent PLUS
3.76% fixed ( )
Interest does not accrue
Unsubsidized Stafford
Interest does accrue
Parent PLUS
6.31% fixed ( )

22. TN Promise Checklist
Apply to the Tennessee Promise program at by November 1, 2016
Complete FAFSA at by January 17, 2017
Attend two mandatory meeting in spring 2017 as coordinated by tnAchieves
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

23. TN Promise Examples A B C Tuition $4,000 Gift Aid -$5,730 -$3,000 $0
Gap
$1,000
TN Promise $0
$1,000
$4,000
Tuition

24. Private Aid

25. National Scholarships

26. National Scholarships

27. National Scholarships

28. Social Media
Like us on Facebook at: Tennessee Student Assistance Corporation Follow us on Check out our website at:

29. Contact Info
(c)

30. Community College

31. Financial Aid Sources

32. State Aid Hope Access Wilder- Naifeh TSAA
$875 or $1,250 per semester
18 ACT & 2.75 GPA* & Parent AGI <=$36,000
Wilder- Naifeh
$2,000
Certificate/ Diploma TCAT
TSAA
$1,000 – $4,000
0 EFC FAFSA January
*All courses calculated on a 4.0 scale per the Uniform Grading Policy

33. Connect with TSAC

34. Application Portal

35. TN Promise Application Portal Click “Create a Log in” to create an account.

36. Complete the application, check the box to accept terms and conditions, and click “Create my account”.

37. TN Promise Portal Enter the username created and click “Log In”.

38. TN Promise Portal Answer your challenge questions and click “Continue”.

39. FAFSA

40. TN Promise Portal You will see the image you selected
TN Promise Portal You will see the image you selected. Enter your password and click “Log In”.

41. TN Promise Portal Click “Apply for Scholarships” to access online portal applications for Tennessee Promise and other scholarships.

42. TN Promise Portal Scroll down page and click “Tennessee Promise Application”.

43. TN Promise Portal Click “I Agree” to proceed to the application.

44. Tennessee by 2025

45. TN Promise Portal Answer several questions and click “Continue” to submit application.

46. Congratulations, you’ve successfully submitted your application
Congratulations, you’ve successfully submitted your application. When you click “OK”, a PDF of the application will appear for you print/save for your records only. Please do NOT mail PDF to TSAC.

47. 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