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Welcome to ETSU

Welcome to ETSU. Tri-Cities Financial Aid Night Money For College Applying for Financial Aid 2012-2013 Presented by: Lisa Bell, Assistant Director East Tennessee State University. East Tennessee State University Tri-Cities Financial Aid Night.

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Welcome to ETSU

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  1. Welcome to ETSU Tri-Cities Financial Aid Night Money For College Applying for Financial Aid 2012-2013 Presented by: Lisa Bell, Assistant Director East Tennessee State University

  2. East Tennessee State UniversityTri-Cities Financial Aid Night 6:00 Welcome and Introductions Margaret Miller, Director ,ETSU Office of Financial Aid 6:05 How to Apply for Financial Aid Lisa Bell, Asst. Director ,ETSU Office of Financial Aid 6:30 Scholarships Kathy Feagins, Director, ETSU Scholarship Office 6:45 Tennessee Education Lottery Scholarship & State Programs Jason Seay, Director of Outreach,Tennessee Student Assistance Corporation (TSAC) 7:00 Closing Remarks Parade of Colleges Refreshments

  3. What is Financial Aid? • Assistance for your education through grants, loans, scholarships, and work study. Funds are available from the government, the state, colleges, and the private sector. Federal assistance is available to eligible students within the cost of education at the school they attend. • Federal Financial Aid is a SUPPLEMENT to a student’s available resources. In most cases, students and their families are expected to contribute something to the cost of education beyond high school. This is called the Expected Family Contribution (EFC). The EFC is determined by the information entered on the Free Application for Federal Student Aid (FAFSA).

  4. Cost of Attendance • Tuition and fees • Room and meals • Books and supplies • Transportation • Miscellaneous and personal expenses

  5. Types of Aid • Grants • Federal • State • Loans • Federal Direct Loan for students • Perkins Loans for Students • PLUS Loans for Parents or Graduate Students • Alternative Loans from Private Sources • Student Employment Programs • Federal Work Study Program • Regular Work Study Program • Scholarships • State • Institutional • Private

  6. Free Application for Federal Student Aid (FAFSA) • FAFSA is a federal application • Apply online at http://www.fafsa.gov • www.fafsa.gov not a .com Website • You may apply now for a PIN(s) to electronically sign your FAFSA (student & parent) • http://www.pin.ed.gov • Keep a record of your pin for corrections, renewals, and to sign promissory notes for loans • Apply once every year • As soon after January 1st as possible • Use accurate tax info from previous year • Use your PIN to submit FAFSA Renewal online

  7. Student Aid Report (SAR) • SAR e-mailed to the student from the Dept. of Education’s Central Processing System (CPS) will include the EFC. • Review your SAR for completion and accuracy. • The school(s) listed on the FAFSA will receive the SAR information electronically. • The college listed first on the SAR will receive your state funds (if eligible). Complete the Change of Institution Form with TSAC if you are a TN resident and the first college listed is not the institution you will not be attending. • Contact the Financial Aid Office before making any corrections to your SAR. • Read SAR Comments • If selected for Verification you will be contacted by the college you listed on the FAFSA to complete worksheets, submit a copy of your Federal Tax Return Transcript or Account Transcript from the IRS, and W-2 copies to the college unless you used the IRS Federal Tax Return Data Retrieval on the FAFSA. Save some time and use the tax retrieval on the FAFSA or go ahead and order a Tax Transcript from the IRS each year. Other information may also be requested to complete verification. • Forms may be found on college financial aid websites.

  8. Awarding Process • Award Notifications • Colleges have different procedures • Emailed to students to view/accept online through school system or • Mailed to the student at home address or • Both…you may only receive initial notification at home then the subsequent awards will be online through school system • Maintain Your Eligibility • Students must pass the hours they attempt in order to receive federal financial aid including lottery • Satisfactory Academic Progress Policy can be found on college financial aid website • Meet Your School’s Retention Standards • Must be enrolled, degree seeking, meet academic standards, and attending classes

  9. A Word of Caution About Taking Too Much Loan Money • Take only the amount that you NEED, not what you WANT. • Set a budget and learn to live moderately. • Loans will go into repayment if you drop below 6 credit hours or once you graduate. • Loans MUST be paid back to the federal government.

  10. Common Mistakes • Missing college’s priority dates and deadlines • Incomplete or incorrect data on the FAFSA • Failure to submit all required application documents in a timely manner • Not READING the information sent to you and RESPONDING in a timely manner

  11. Don’t Be Afraid to Ask Questions! Good Sources of Information About Financial Aid • Office of Financial Aid • Office of Financial Aid Website • High School Guidance Office Tell your friends! Use the official government site to submit your FAFSA application. If you need help completing the FAFSA, that help is free. You never have to pay anyone for help and you should be aware of scams and services that will search for financial aid for you for a fee.

  12. College Goal Tennessee Need Help Completing the FAFSA? Assistance & Computers Available Sunday, January 29, 2012 Northeast State Community College 2pm – 4pm Tuesday, January 31, 2012 Milligan College 5:30pm – 7:30pm For further information and locations go to: www.tn.gov/tsac/ *Bring your PINs, 2011 Tax Returns and W-2 forms!

  13. ETSU Educational Opportunity Center • Helps high school students and their family members • Determine educational goals. • Complete financial aid application (FAFSA). • Complete college admission application (including payment of one application fee to the college of choice). • Explore career options. All EOC services are FREE!

  14. Applying for Scholarships2012-2013Presented by:Kathy Feagins, Director Scholarship Office East Tennessee State University SCHOLARSHIPS

  15. WHERE TO LOOK FOR SCHOLARSHIPS • INTERNAL SCHOLARSHIPS Offered by the college/university you are attending to be used there • EXTERNAL SCHOLARSHIPS Offered by state, company, civic club, church or other organization to be used at any school

  16. Internal Scholarships • Look for information in college catalog, scholarship brochure, college web page • Each school will have its own special application, deadline and processes • Apply for scholarships at each school you are considering – keep your options open

  17. External Scholarships • Usually can be used at any college/university • Check with high school guidance office, scholarship/financial aid office • Newsletter for company, church, civic organization etc. • Web searches available • Apply for any and all scholarships for which you meet qualifications

  18. SCHOLARSHIPS MAY BE AWARDED BASED ON: • Academics – high school gpa and ACT/SAT scores • Where you live/what high school you attend • Financial Need (Use results of FAFSA) • Where you or your parents work • Extracurricular activities/community service/ leadership/athletics/other talents • Ethnicity • What you plan to major in

  19. WORDS OF WISDOM • YOU ARE RESPONSIBLE! • Don’t assume . . . . .ask • Start early – begin making plans before your senior year • Know when the deadlines are and don’t miss them • All four years of high school will count in your gpa • Prepare a “master” resume and then use it for different applications • Identify “recommenders” early • Apply, apply, apply NEVER pay to apply for financial aid or scholarships

  20. Your Scholarship Application • Appearances count • Be honest – but don’t be humble. Now is the time to “toot your own horn” • Read the directions and follow them • Be organized – arrange information logically • Leadership positions and length of service are important • Your application is usually your only chance to impress the selection committee • Remember, this is a competition! And there are a LOT of contestants

  21. Financial Aid 101 Funding a College Education

  22. FAFSA

  23. FAFSA

  24. Online Applications

  25. Other Aid

  26. Senior Year Checklist • Fall Semester • Take and retake the ACT/SAT • Apply to several colleges (admissions, institutional aid, etc) • Complete local/private scholarship applications • Spring Semester • 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

  27. Contact Info Jason.Seay@TN.gov 615.253.7459 (o) 615.319.1740 (c)

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