2. Presentation Overview Program Details Program Success Update Transfer Pathway Alignment Program Funding Framework Enrollment Impact Projections Challenges and Opportunities

3. The Tennessee Promise “Tennessee Promise is a last-dollar scholarship, meaning it will cover costs of tuition and mandatory fees not met from Pell, HOPE, or TSAA. As part of the program, students will be paired with a partnering organization and provided with a mentor who will support them during the college application process.”

4. Enrollment Eligibility Tennessee Resident Enroll full-time 8 hours of community service each semester Complete orientation and program deadlines o Application o FAFSA o Community Service

5. Maintaining Eligibility Remain full-time (12+ credit hours per semester) Attend a postsecondary institution for consecutive semesters Complete the Free Application for Federal Student Aid (FAFSA) by February of each year Maintain satisfactory academic progress Complete 8 hours of community service each semester

6. Program Success Update Tennessee Promise Application Saturday – Motlow State Community College

7. TN Promise Application portal open from Aug 1 – Nov 1, 2014 56,638 students applied statewide (including public, private, and homeschool students) 6,000+ Volunteer Mentors First cohort of students will enroll in fall 2015 Financial AidMentorship Success Framework

8. Tennessee Promise Application Rate by County Applications as a Percentage of the Average High School Graduating Class

9. Applicants by Sector Preference

10. Next Steps Jan-Feb 5 First mandatory meeting February 15 FAFSA Completion Deadline Mar-April Second Mandatory Meeting August 1 Community Service Deadline FAFSA Verification Deadline August 15 Eligible Student Roster Transmitted to Colleges

11. Access & Attainment Gaps Community Colleges have an overrepresentation of Low- Income Students when compared to HS graduation rates Low Income Students have lower success rates than Non-PELL students (Success defined as receipt of Associate, Certificate, or Transfer)

12. Transfer Pathway Alignment

13. Program Funding Framework Tennessee Code Annotated § 49-4-708 Fund shall be an irrevocable trust that the state treasurer shall administer Trust shall consist of the Tennessee Promise endowment account and the Tennessee Promise scholarship special reserve account More than $300 million from the lottery for education account: “in excess of the sum of the general shortfall reserve sub- account”

14. Can States Afford What Tennessee is Doing? "...a federal Pell grant, which averages $3,300, to help pay for the average $3,800-per-year (TN) tuition. The state pays the difference: $500 on average. Nationally, in 16 states, the average Pell grant pays for the typical student’s entire community college tuition.” - U.S. Senator (R-TN) Lamar Alexander

15. Potential Enrollment Impact Institution 2014 Headcount5%10%15% Chattanooga State9,3334679331,400 Cleveland State3,517176352528 Columbia State5,116256512767 Dyersburg State2,846142285427 Jackson State4,926246493739 Motlow4,790240479719 Nashville State10,0455021,0051,507 Northeast State5,842292584876 Pellissippi State10,0995051,0101,515 Roane5,826291583874 Southwest10,1825091,0181,527 Volunteer State7,6653837671,150 Walters State6,006300601901 Total Comm Colleges86,1934,3108,61912,929

16. Challenges Will our current facilities accomodate the increased enrollment? Will we have sufficient faculty to cover additional classes? Will we have sufficient student services (advisors, counselors)? Will we have sufficient volunteer mentors?

17. Opportunities Community College students are applying to college earlier Tennessee Promise students are enrolled full time (12 hours) Over 68,000 High School Seniors are engaged in college discussions with advisors, counselors, and/or family members College planning now begins in Middle School Every graduating senior can afford college

18. Questions & Answers Dr. Warren Nichols Vice Chancellor of Community Colleges Warren.Nichols@tbr.edu Warren.Nichols@tbr.edu Michael Tinsley Perkins Grant Coordinator Michael.Tinsley@tbr.edu Michael.Tinsley@tbr.edu