FAFSA Fridays Financial Aid 101 TENNESSEE STUDENT ASSISTANCE

FAFSA Fridays Financial Aid 101 TENNESSEE STUDENT ASSISTANCE CORPORATION

Financial Aid Sources Miscellaneous (Local) Institutional (College) Federal (Pell Grant) State (HOPE) TENNESSEE STUDENT ASSISTANCE CORPORATION

Eligibility • A student must possess a valid SSN and be a U. S. citizen or an eligible noncitizen as defined by FAFSA… TENNESSEE STUDENT ASSISTANCE CORPORATION

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 F 1 or F 2 student visa • A J 1 or J 2 exchange visitor visa • A G series visa (pertaining to international organizations) • Other categories not included under U. S. citizen and eligible noncitizen TENNESSEE STUDENT ASSISTANCE CORPORATION

DACA SSN Card TENNESSEE STUDENT ASSISTANCE CORPORATION

DACA Resources • http: //tnedequity. org/undocumented/ • www. latinocollegedollars. org • www. hispanicfund. org • www. chcinextopp. net • www. maldef. org/leadership/scholarships TENNESSEE STUDENT ASSISTANCE CORPORATION

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

Federal Aid Subsidized Stafford Unsubsidized Stafford Parent PLUS 3. 76% fixed (2016 -17) 6. 31% fixed (2016 -17) Interest does not accrue Interest does accrue TENNESSEE STUDENT ASSISTANCE CORPORATION

Federal Loan Limits $8, 000 $7, 000 $6, 000 $5, 000 $4, 000 Subsidized $3, 000 $2, 000 $3, 500 $4, 500 $5, 500 $1, 000 $0 1 st Year 2 nd Year 3 rd Year and beyond TENNESSEE STUDENT ASSISTANCE CORPORATION

HOPE (2 -yr) HOPE Scholarship GAMS Aspire Award $1, 500 per semester $250 per semester 21 ACT/SAT or 3. 0 GPA* 29 ACT/SAT & 3. 75 GPA* Parents AGI <=$36, 000 *All courses calculated on a 4. 0 scale per the Uniform Grading Policy TENNESSEE STUDENT ASSISTANCE CORPORATION

HOPE (4 -yr) HOPE Scholarship GAMS Aspire Award $1, 750/sem then $2, 250/sem $500 per semester $750 per semester 21 ACT/SAT or 3. 0 GPA* 29 ACT/SAT & 3. 75 GPA* Parents AGI <=$36, 000 *All courses calculated on a 4. 0 scale per the Uniform Grading Policy TENNESSEE STUDENT ASSISTANCE CORPORATION

HOPE GED/Hi. Set HOPE Scholarship Aspire Award $1, 500 – $2, 250 per semester $250 or $750 per semester 21 ACT & 170 GED or 15 Hi. Set AGI <=$36, 000 TENNESSEE STUDENT ASSISTANCE CORPORATION

HOPE/GAMS/Access GPA HOPE weighted GPA (4. 0 scale) = most districts’ unweighted GPA TENNESSEE STUDENT ASSISTANCE CORPORATION

HOPE Renewal 24 attempted hour benchmark • 2. 75 cumulative GPA 48 attempted hour benchmark • 2. 75 cumulative GPA 72 attempted hour benchmark • 3. 0 cumulative GPA or • 2. 75 – 2. 99 cumulative GPA & 3. 0 semester GPA 96 attempted hour benchmark • 3. 0 cumulative GPA or • 2. 75 – 2. 99 cumulative GPA & 3. 0 semester GPA TENNESSEE STUDENT ASSISTANCE CORPORATION

Other State Aid HOPE Access TSAA Ned Mc. Wherter $875 or $1, 250 per semester $1, 000 – $4, 000 per academic year Up to $6, 000/ academic year 18 ACT & 2. 75 GPA* & Parent AGI <=$36, 000 0 – 2, 100 EFC January 17 29 ACT & 3. 5 GPA* February 15 *All courses calculated on a 4. 0 scale per the Uniform Grading Policy TENNESSEE STUDENT ASSISTANCE CORPORATION

State Aid (TCAT) Wilder. Naifeh TCAT Reconnect $2, 000 per academic year Last dollar award to offset tuition Certificate/ Diploma TCAT Must be independent on FAFSA TENNESSEE STUDENT ASSISTANCE CORPORATION

Non-traditional NT Hope Scholarship CC Reconnect $1, 500 per semester Last dollar award to offset tuition 25 years old & AGI <=$36, 000 & 12 hrs/2. 75 Must already have 30 hours toward AA/AS TENNESSEE STUDENT ASSISTANCE CORPORATION

TN Promise Checklist q. Apply to the Tennessee Promise program at www. TNPromise. gov by November 1, 2016 q. Complete 2017 -18 FAFSA at www. FAFSA. gov by January 17, 2017 q. Attend two mandatory meetings as coordinated by your county’s partnering organization q. Complete 8 hours of community service between November 2, 2016 – July 1, 2017 q. Students selected for FAFSA verification must submit material to the college by August 1, 2017 TENNESSEE STUDENT ASSISTANCE CORPORATION

TN Promise Examples Tuition A $4, 000 HOPE/Pell/TSAA -$8, 000 Gap $0 TN Promise $0 Tuition $0 B $4, 000 -$3, 000 $1, 000 $0 C $4, 000 $0 TENNESSEE STUDENT ASSISTANCE CORPORATION

TN Promise Examples Tuition 2 -yr Public $4, 000 Eligible Tuition $4, 000 HOPE/Pell/TSAA -$3, 000 TN Promise -$1, 000 Your cost $0 4 -yr Public 4 -yr Private $8, 000 $20, 000 $4, 000 -$3, 500 -$500 $4, 000 $16, 000 TENNESSEE STUDENT ASSISTANCE CORPORATION

Click to edit Master title style • Click to edit Master text styles – • Second level majors with Pathways 50+ available Third level • • www. tntransferpathway. org – Fourthoflevel • Outline required courses to follow » Fifth • Start at anylevel 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

Other Information Academic Common Market CSS Profile Fee Discount Program TENNESSEE STUDENT ASSISTANCE CORPORATION

Foster Youth HOPE Foster Grant (14+) TN Bright Futures (16+) Chafee ETV Scholarship TENNESSEE STUDENT ASSISTANCE CORPORATION

STEP UP Scholarship Lipscomb University Union University • IDEAL Program • Union EDGE Program University of Memphis • Tiger. LIFE University of Tennessee • UT Future Vanderbilt University • Next Steps TENNESSEE STUDENT ASSISTANCE CORPORATION

Contact Info Jason. Seay@TN. gov 615. 253. 7459 (o) 615. 319. 1740 (c) TENNESSEE STUDENT ASSISTANCE CORPORATION