1. Paying for college

2. 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

3. TN Private; Out of State TN Private; Out of State
Cost of Attendance
2-yr Public
4-yr Public
TN Private; Out of State
Tuition/Fees
$4,300
$12,834
$46,500
Room/Meals
N/A
$10,696
$15,584
Books/Supplies
$1,200
$1,598
$1,294
Miscellaneous
VARIES
COA
$12,917
$30,794
$67,392
2-yr Public
4-yr Public
TN Private; Out of State
Tuition/Fees
$3,801
$12,436
$43,620
Room/Meals
$9,926
$14,670

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

5. Institutional Aid Ex.

6. 2019-20 FAFSA Available October 1, 2018
(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 2017 tax information

7. FAFSA
Available October 1, 2018
Complete website redesign

8. 2019-20 FAFSA App available now for both Android/Apple
“Fully functional” by October 1

9. fsaid.ed.gov
Please record usernames, passwords, and challenge ? answers

10. Reasons for FAFSA HOPE Scholarship & TN Promise Student & PLUS loans
Because the college said so (i.e. institutional aid)

11. FAFSA Checklist Student’s Social Security number
Parent(s)’ Social Security number(s)
Student’s driver’s license number if you have one
2017 tax information for student and parent(s)
Most parents/students will upload their 2017 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

12. Student Demographic Information
Student & Parent
“Student Demographic Information” page.

13. Income from work
Parents who file jointly will need W2s to manually enter income from work

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. Federal Aid Pell FSEOG Work Study $652 - $6,095 (2018-19)
$652 - $6,095 ( )
0 – 5486 EFC Need based ( )
FSEOG
$100 - $4,000
Exceptional financial need
Work Study
Amount Varies
Typically paid to student

16. Federal Aid Subsidized Stafford Unsubsidized Stafford Parent PLUS
5.05% fixed ( )
Interest does not accrue initially
Unsubsidized Stafford
Interest does accrue
Parent PLUS
7.6% fixed ( )

17. Federal Loan Limits

18. State Aid (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

19. State Aid (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

20. State Aid continued HOPE Access Wilder- Naifeh TSAA
$875/$1,250 per semester
18-20 ACT & GPA* & AGI<$36K
Wilder- Naifeh
$2,000 per academic year
Certificate/ Diploma TCAT
TSAA
$1,000 – $4,000 per academic year
0 – 2,100 EFC February 1
*All courses calculated on a 4.0 scale per the Uniform Grading Policy

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

22. 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

23. TN Promise Checklist
Apply to the Tennessee Promise program at by November 1, 2018
Complete FAFSA at by February 1, 2019
Attend spring mandatory meeting as coordinated by partnering organization
Complete 8 hours of community service between November 2, 2018 – July 1, 2019

24. TN Promise (Semester) Examples A B C Tuition $2,250 -$3,250 -$1,500 $0
HOPE/Pell/TSAA
-$3,250
-$1,500 $0
Gap
$750
TN Promise $0
Tuition
$750 $0
$2,250 $0

25. TN Promise (Semester) Tuition $2,250 $4,250 $10,250 -$1,500 -$1,750
Examples
2-yr Public
4-yr Public*
4-yr Private*
Tuition
$2,250
$4,250
$10,250
Eligible Tuition
HOPE/Pell/TSAA
-$1,500
-$1,750
TN Promise
-$750
-$500
Your cost $0
$2,000
$8,000
*Must pursue an associate’s degree for Promise

26. 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

27. Other Information Academic Common Market CSS Profile
Fee Discount Program

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

29. 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

30. Senior Year Checklist Fall Semester Spring Semester
Take and retake the ACT/SAT
Apply to several colleges (admissions, institutional aid, etc) and utilize their net price calculators
Student AND parent will create FSA IDs (fsaid.ed.gov) to...
Complete FAFSA available October 1, 2018
Spring Semester
Complete local/private scholarship applications
Review college acceptances, compare financial aid packages, ask questions, and follow up as needed

32. TN Reconnect Checklist
Complete the TN Reconnect application at
Apply to community college, TCAT, or eligible TN Reconnect institution.
Submit the FAFSA at (deadline varies).
Enroll in a degree or certificate program at least part-time (6+ hours).

33. Outreach Division

34. THANK YOU

35. TSAC Student Portal
Students should review their state aid institution…

36. TSAC Student Portal
…if institution is incorrect, click…

37. TSAC Student Portal 1 2 Select college from the pull-down menu.
Click “process transfer request.” 1 2

38. Student Aid Report
Important for students to review their Student Aid Report (SAR)
Problems will be addressed on first page
Verification indicator is an * right after the Expected Family Contribution (EFC)

39. Note the asterisk and
the sentence regarding
verification.

40. Common FAFSA Issues Social Security Number
Name (must match Social Security card)
Date of birth
Missing signatures

41. Common FAFSA Issues Grade level: 1st year graduate/ professional
Degree: Graduate/ professional
Income and tax manually reported as same number
Parent and student report same income

42. Home School (2-yr) HOPE Scholarship GAMS Aspire Award
$1,500 per semester
21 ACT/SAT
GAMS
$500 per semester
29 ACT/SAT & See brochure
Aspire Award
$250 per semester
Parents AGI <=$36,000

43. Home School (4-yr) HOPE Scholarship GAMS Aspire Award
$1,750/sem then $2,250/sem
21 ACT/SAT
GAMS
$500 per semester
29 ACT/SAT & See brochure
Aspire Award
$750 per semester
Parents AGI <=$36,000

44. State Aid HOPE Scholarship GAMS Ned McWherter
$1,500/$1,750 per semester
21 ACT/SAT or 3.0 GPA*
GAMS
$500 per semester
29 ACT/SAT & 3.75 GPA*
Ned McWherter
Up to $6,000/ academic year
29 ACT & GPA* February 15
*All courses calculated on a 4.0 scale per the Uniform Grading Policy

45. Certificate/ Diploma TCAT
Other State Aid
Wilder- Naifeh
$2,000 per academic year
Certificate/ Diploma TCAT
TSAA
$1,000 – $4,000 per academic year
0 – 2,100 EFC February 1
Ned McWherter
Up to $6,000/ academic year
29 ACT & GPA* February 15
*All courses calculated on a 4.0 scale per the Uniform Grading Policy

46. Certificate/ Diploma TCAT
State Aid
TSAA
$1,000 – $4,000 per academic year
0 – 2,100 EFC February 1
HOPE Scholarship
$1,500/$1,750 per semester
21 ACT/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

47. Dual Enrollment Grant $500 (1) $500 (2) $200 (3) $0 (4) $300 (5)*
11th Fall
$500 (1)
$500 (2)
11th Spring
$200 (3)
$0 (4)
12th Fall
$300 (5)*
$300 (6)*
12th Spring
$300 (7)*
$300 (8)*
*Subject to one-time HOPE Scholarship reduction

48. ACT ACT TEST DATE REGISTRATION DEADLINE LATE FEE DEADLINE
September 8, 2018
August 12, 2018
August 26, 2018
October 27, 2018
September 28, 2018
October 14, 2018
December 8, 2018
November 2, 2018
November 19, 2018
February 9, 2019
January 11, 2019
January 18, 2019
April 13, 2019
March 8, 2019
March 25, 2019
June 8, 2019
May 3, 2019
May 20, 2019
July 13, 2019
June 14, 2019
June 24, 2019

49. SAT SAT TEST DATE REGISTRATION DEADLINE LATE FEE DEADLINE
August 25, 2018
July 27, 2018
August 15, 2018
October 6, 2018
September 7, 2018
September 26, 2018
November 3, 2018
October 5, 2018
October 24, 2018
December 1, 2018
November 2, 2018
November 20, 2018`
March 9, 2019
February 8, 2019
February 27, 2019
May 4, 2019
April 5, 2019
April 24, 2019
June 1, 2019
May 3, 2019
May 22, 2019

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

52. 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)

53. DACA SSN Card