Financial Aid 101

1. Tennessee Student Assistance Corporation Financial Aid 101 Paying for College

2. Financial Aid Sources

4. Free Application for Federal Student Aid • The FAFSA • Federal financial aid • State aid • Institutional aid • Scholarship programs • FAFSA asks you about • Income • Assets • Family size • Number of family members attending college • You will need to renew your • FAFSA every year while in college

5. 2019-2020 FAFSA • Available October 1, 2018 • www.fafsa.gov (VERY IMPORTANT!) • StudentANDparent 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

6. Watch out for scams

9. Dependency Status Results

11. See..fillingout the FAFSA is easy! • Call: 1-800-4FED-AID rita.turchetta@tn.gov

12. Federal Aid

13. Federal Aid

14. Federal Loan Limits

15. Student Aid Report (SAR) is generated with an Expected Family Contribution (EFC) Valid SAR or Invalid SAR? Selected for Verification? Awards are made by the institution NOT the federal government Awards will NOT be indicated on the SAR Check the information on your SAR carefully and make any corrections The school will use your EFC to determine the amount of grants and other aid you are eligible for. The school will then send you a financial aid award letter, detailing the aid they will offer you

16. State Aid

17. HOPE Scholarship *All courses calculated on a 4.0 scale per the Uniform Grading Policy

18. HOPE Renewal

19. HOPE Renewal • Student MUSTmaintain continuous enrollment (i.e. fall, spring, fall, spring) • Student MUST maintain enrollment status within a semester • If you begin a semester full-time (i.e. 12+ hours), you must finish semester full-time • Never drop a course without talking to your financial aid office about how it may impact your financial aid

20. Other State Aid *All courses calculated on a 4.0 scale per the Uniform Grading Policy

21. High school seniors in Tennessee may apply for the Tennessee Promise scholarship • Two years of tuition-free attendance at a community or technical college in Tennessee • Last-dollar scholarship, meaning it will cover costs of tuition and mandatory fees not met from Pell, HOPE, or state assistance awards. • Students will be paired with a partnering organization and provided with a mentor who will support them during the college application process. If we want to have jobs ready for Tennesseans, we have to make sure that Tennesseans are ready for jobs, and there is no smarter investment than increasing access to high-quality education. ~ Governor Bill Haslam 

22. TN Promise Checklist • Apply to the Tennessee Promise program at www.TNPromise.gov by November 1, 2018 (TSAC is working toward compatibility with all browsers) • Complete 2019-20 FAFSA at www.FAFSA.gov by February 1, 2019 • Attend spring mandatory meeting ascoordinated by partnering organization • Complete 8 hours of community service between November 2, 2018 – July 1, 2019

23. TN Promise

24. 50+ available majors with Pathways • www.tntransferpathway.org • 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

26. Outreach Division

27. Like us on Facebook at: Tennessee Student Assistance CorporationFollow us on Twitter:@TNFinancialAid and @keeton_rita • Check out our website at:www.TN.gov/collegepays ????? Rita.turchetta@tn.gov