1. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Financial Aid 101 Funding a College Education

2. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Senior Year Checklist F ALL S EMESTER  Take and retake the ACT/SAT  Apply to several colleges (admissions, institutional aid, etc)  Complete local/private scholarship applications S PRING S EMESTER  Complete 2012-13 FAFSA available January 1, 2012  Continue completing local/private scholarship applications  Review college acceptances, compare financial aid packages, ask questions, and follow up as needed

3. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION 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 PIN – personal identification number; used 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

4. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Cost of Attendance Direct Costs TuitionRoom & BoardFees Indirect Costs BooksTravelPersonal

5. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Cost of Attendance 2-yr Public 4-yr Public TN Private; Out of State Tuition/Fees$3,077$7,382$38,952 Room/Board$3,890$7,800$13,058 Books/Supplies$950$1,406$1,344 Transportation$3,024$2,050VARIES Miscellaneous$400$3,423$3,280 COA$11,341$22,061$56,634

6. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Cost of Attendance (COA) Expected Family Contribution (EFC)Financial Need

7. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Financial Aid Sources Package FederalStatePrivateInstitutional

8. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Institutional Aid Academic Competitive? Renewable? Deadlines Need-Based Determined by the EFC College may use “Institutional Methodology” Performance Art Athletic Major Music Theatre Attribute Church affiliation Alumni Diversity Sibling

9. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION ACT TEST DATEREGISTRATION DEADLINELATE FEE DEADLINE September 10, 2011August 12, 2011August 26, 2011 October 22, 2011September 16, 2011September 30, 2011 December 10, 2011November 4, 2011November 18, 2011 February 11, 2012January 13, 2012January 20, 2012 March 20, 2012**JUNIORS** SEE SCHOOL COUNSELOR April 14, 2012March 9, 2012March 23, 2012 June 9, 2012May 4, 2012May 18, 2012 ACT

10. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION SAT SAT TEST DATEREGISTRATION DEADLINELATE FEE DEADLINE October 1, 2011September 9, 2011September 21, 2011 November 5, 2011October 7, 2011October 21, 2011 December 3, 2011November 8, 2011November 20, 2011 January 28, 2012December 30, 2011January 13, 2012 March 10, 2012February 10, 2012February 24, 2012 May 5, 2012April 6, 2012April 20, 2012 June 2, 2012May 8, 2012May 22, 2012

11. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Private Aid School counselor Other high school websites www.collegefortn.orgwww.fastweb.com

12. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Other Aid Academic Common MarketCSS ProfileFee Discount Program

13. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA 2012-13 FAFSA on the Web – Available January 1, 2012 – www.fafsa.gov (VERY IMPORTANT!) – PRIORITY DEADLINE IS AS SOON AS POSSIBLE AFTER JANUARY 1, 2012!

14. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA Social Security Number, Last Name, and First Name Grade level – never attended college and 1 st year undergraduate Degree – 1 st bachelor’s degree, associate degree, certificate or diploma School codes Dependency questions Parental information Income information

15. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA Pell $555 - $5,550 0 – 5273 EFC Need based FSEOG $100 - $4,000 Exceptional financial need Work Study Amount Varies Typically paid to student

16. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA Subsidized Stafford 3.4% fixed Interest does not accrue Unsubsidized Stafford 6.8% fixed Interest does accrue Parent PLUS 7.9% fixed Interest does accrue

17. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA Hope Scholarship $1,000 or $2,000 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 $750 per semester Parents AGI <=$36,000

18. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION FAFSA Hope Access $1,375 per semester 18 ACT & 2.75 GPA & Parents AGI <=$36,000 Wilder- Naifeh $2,000 Certificate/ Diploma TTC TSAA $1,000 – $4,000 0 – 2100 EFC FAFSA January

19. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Online Applications Ned McWherter Up to $6,000 February 15 29 ACT & 3.5 GPA Dependent Children Award amount varies See brochure Dual Enrollment Grant High school juniors/seniors Contact institution

20. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION 0 EFC; 3.0 GPA2-yr Public4-yr PublicTN Private COA$11,341$22,061$56,634 Pell Grant$5,550 TSAA$1,300$2,000$4,000 HOPE$3,500$5,500 Scholarships??? $39,384 Total Free Aid$10,350$13,050$54,434 Financial Aid Award

21. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Financial Aid Award 5274 EFC; 3.0 GPA 2-yr Public4-yr PublicTN Private COST$11,341$22,061$56,634 Pell Grant$0 TSAA$0 HOPE$2,000$4,000 Scholarships??? Total Free Aid$2,000$4,000

22. T ENNESSEE S TUDENT A SSISTANCE C ORPORATION Contact Info Jason.Seay@TN.gov 615.253.7459 (o) 615.319.1740 (c)