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Financial Aid 2014 CTF CSCC Powerpoint

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151 views17 pages

Financial Aid 2014 CTF CSCC Powerpoint

Uploaded by

api-167245952
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Financial Aid 101

Funding a College Education

TENNESSEE STUDENT ASSISTANCE CORPORATION

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
TENNESSEE STUDENT ASSISTANCE CORPORATION

FAFSA
2014-15 FAFSA on the Web
Available January 1, 2014 www.fafsa.gov (VERY IMPORTANT!) PRIORITY DEADLINE IS AS SOON AS POSSIBLE AFTER JANUARY 1, 2014!

TENNESSEE STUDENT ASSISTANCE CORPORATION

Financial Aid Sources


State Private

Federal

Institutional

Package

TENNESSEE STUDENT ASSISTANCE CORPORATION

Federal Aid
FAFSA
Pell
$582 $5,645

FSEOG
$100 $4,000 Exceptional financial need

Work Study
Amount Varies

0 5081 EFC Need based

Typically paid to student

TENNESSEE STUDENT ASSISTANCE CORPORATION

Federal Aid
FAFSA
Subsidized Stafford
6.8% fixed

Unsubsidized Stafford
6.8% fixed

Parent PLUS

7.9% fixed

Interest does not accrue

Interest does accrue

Interest does accrue

TENNESSEE STUDENT ASSISTANCE CORPORATION

Loan Wisdom
Borrow Federal first because theyre cheaper, more available, and have better repayment terms than private student loans. Live like a student while youre in college so you dont have to live like one after college. Do not borrow more for your entire education than your expected starting salary after you graduate. If you are borrowing more than $10,000/year for college, consider a less expensive school.
TENNESSEE STUDENT ASSISTANCE CORPORATION

State Aid
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

TENNESSEE STUDENT ASSISTANCE CORPORATION

State Aid
FAFSA
Hope Access
$875 or $1,375 per semester
18 ACT & 2.75 GPA & Parents AGI <=$36,000

WilderNaifeh
$2,000

TSAA
$1,000 $4,000

Certificate/ Diploma TTC

0 EFC FAFSA January

TENNESSEE STUDENT ASSISTANCE CORPORATION

State Aid
Online Applications
Ned McWherter

Dependent Children

Dual Enrollment Grant

Up to $6,000 February 15

Award amount varies

High school juniors/seniors

29 ACT & 3.5 GPA

See brochure

Contact institution

TENNESSEE STUDENT ASSISTANCE CORPORATION

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

TENNESSEE STUDENT ASSISTANCE CORPORATION

Private Aid
School counselor Other high school websites

www.collegefortn.org

www.fastweb.com

TENNESSEE STUDENT ASSISTANCE CORPORATION

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

Senior Year Checklist


FALL SEMESTER
Take and retake the ACT/SAT Apply to several colleges (admissions, institutional aid, etc) and utilize their net price calculators Complete local/private scholarship applications

SPRING SEMESTER
Complete 2014-15 FAFSA available January 1, 2014 Continue completing local/private scholarship applications Review college acceptances, compare financial aid packages, ask questions, and follow up as needed
TENNESSEE STUDENT ASSISTANCE CORPORATION

TENNESSEE STUDENT ASSISTANCE CORPORATION

Social Media
Like us on Facebook at:
Tennessee Student Assistance Corporation

Follow us on Twitter:
@TNFinancialAid

Check out our website at:


www.TN.gov/collegepays

TENNESSEE STUDENT ASSISTANCE CORPORATION

Contact Info
[email protected]

615.417.0355 (c)
TENNESSEE STUDENT ASSISTANCE CORPORATION

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