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Financial Aid 101 Etowah High School Thursday, Jan. 20, 2011
Topics We Will Discuss Tonight <ul><li>What is financial aid </li></ul><ul><li>Cost of attendance (COA) </li></ul><ul><li>...
What is Financial Aid? <ul><li>Financial aid is funds provided to students and families to help pay for postsecondary educ...
What is Cost of Attendance (COA) <ul><li>Direct costs </li></ul><ul><li>Indirect costs </li></ul><ul><li>Direct and indire...
COA Components <ul><li>Tuition/Fees </li></ul><ul><li>Books and Supplies </li></ul><ul><li>Room and Board </li></ul><ul><l...
COA Example <ul><li>Tuition/Fees =  $4,000 </li></ul><ul><li>Books/Supplies =  $1,250 </li></ul><ul><li>Room/Board =  $6,0...
What is the Expected Family Contribution (EFC) <ul><li>Amount family can reasonably be expected to contribute </li></ul><u...
What is Financial Need <ul><li>Cost of Attendance  </li></ul><ul><li>–   Expected Family Contribution </li></ul><ul><li>= ...
COA – EFC = Need <ul><li>COA = $16,625 </li></ul><ul><li>EFC = -   3,625 </li></ul><ul><li>Need =  $13,000 </li></ul><ul><...
Types of Financial Aid <ul><li>Scholarships </li></ul><ul><li>Grants </li></ul><ul><li>Loans </li></ul><ul><li>Employment ...
Sources of Financial Aid <ul><li>Federal government </li></ul><ul><li>States </li></ul><ul><li>Private sources </li></ul><...
Federal Government <ul><li>Largest source of financial aid </li></ul><ul><li>Aid awarded primarily on the basis of financi...
Common Federal Aid Programs <ul><li>Federal Pell Grant </li></ul><ul><li>Academic Competitiveness Grant </li></ul><ul><li>...
Undergraduate Student Aid by Source (in Billions), 2009-10 <ul><li>SOURCE: The College Board,  Trends in Student Aid 2010,...
Average Aid per Undergraduate FTE, 1994-95 to 2009-10  in Constant 2009 Dollars <ul><li>SOURCE: The College Board,  Trends...
Ten-Year Trend in Student Aid and Nonfederal Loans per FTE  Used to Finance Postsecondary Education Expenses   in Constant...
Scholarships <ul><li>Money that does not have to be paid back </li></ul><ul><li>Awarded on the  basis of merit, skill, or ...
Grants <ul><li>Money that   does not have to be paid back </li></ul><ul><li>Usually awarded on the basis of financial need...
Loans <ul><li>Money students and parents borrow to help pay college expenses  </li></ul><ul><li>Repayment usually begins a...
Employment <ul><li>Allows student to earn money to help pay educational costs </li></ul><ul><li>A paycheck </li></ul><ul><...
Private Sources <ul><li>Foundations, businesses, charitable organizations </li></ul><ul><li>Deadlines and application proc...
Civic Organizations and Churches <ul><li>Research what is available in community </li></ul><ul><li>To what organizations a...
Employers <ul><li>Companies may have scholarships available to the children of employees </li></ul><ul><li>Companies may h...
Awards <ul><li>COA = $16,625 </li></ul><ul><li>EFC = -   3,625 </li></ul><ul><li>Need =  $13,000 </li></ul><ul><li>Financi...
FAFSA Website <ul><li>Make sure you go here – and no other website: </li></ul><ul><li>www.fafsa.gov   </li></ul>
 
FAFSA for 2009-2010
2010-2011 FAFSA
 
 
#1 – click here #2 – click here
Free Application for Federal Student Aid (FAFSA) <ul><li>A standard form that collects demographic and financial informati...
FAFSA <ul><li>Information used to calculate the Expected Family Contribution or EFC </li></ul><ul><ul><li>The amount of mo...
FAFSA <ul><li>May be filed at any time during an academic year, but no earlier than the January 1 st  prior to the academi...
2011-2012 FAFSA <ul><li>Retention, graduation and transfer rates within FAFSA on the Web </li></ul><ul><ul><li>When studen...
FAFSA on the Web <ul><li>Good reasons to file electronically: </li></ul><ul><li>Built-in edits to prevent costly errors </...
IRS Data Retrieval  <ul><li>While completing FOTW, applicant may submit real-time request to IRS for tax data </li></ul><u...
IRS Data Retrieval <ul><li>Available beginning Jan. 31, 2011 for 2011-12 processing cycle </li></ul><ul><li>Participation ...
Student Financial Aid Personal Identification Number (SFA PIN) <ul><li>Web site:  www.pin.ed.gov </li></ul><ul><li>Sign FA...
 
 
FOTW Worksheet: Section 1 <ul><li>General student information: </li></ul><ul><li>Name  </li></ul><ul><li>Social Security N...
FOTW Worksheet: Section 1 <ul><li>General student information: </li></ul><ul><li>Citizenship </li></ul><ul><li>Marital sta...
FOTW Worksheet: Section 1 <ul><li>General student information: </li></ul><ul><li>Drug conviction status </li></ul><ul><li>...
FOTW Worksheet: Section 2 <ul><li>Student’s dependency status: </li></ul><ul><li>If all “No” responses, student is depende...
FOTW Worksheet: Section 3 <ul><li>Data for parents of dependent students: </li></ul><ul><li>Dislocated worker status </li>...
FOTW Worksheet: Section 3 <ul><li>Financial data for parents of dependent students: </li></ul><ul><li>Tax filing status </...
FOTW Worksheet: Section 3 <ul><li>Financial data for parents of dependent students: </li></ul><ul><li>Receipt of benefits ...
FOTW Worksheet: Section 4 <ul><li>Financial data for student (and spouse): </li></ul><ul><li>Tax filing status </li></ul>
FOTW Worksheet: Section 4 <ul><li>Financial data for student (and spouse): </li></ul><ul><li>Adjusted gross income (AGI) f...
FOTW Worksheet: Section 4 <ul><li>Financial data for student (and spouse): </li></ul><ul><li>Receipt of benefits from cert...
Signatures <ul><li>Required </li></ul><ul><ul><li>Student </li></ul></ul><ul><ul><li>One parent (dependent students) </li>...
Frequent FAFSA Errors <ul><li>Social Security Numbers </li></ul><ul><li>Divorced/remarried parental information </li></ul>...
FAFSA Processing Results <ul><li>Central Processing System (CPS) notifies student of FAFSA processing results by: </li></u...
FAFSA Processing Results <ul><li>CPS notifies student of FAFSA processing results by: </li></ul><ul><ul><li>E-mail notific...
FAFSA Processing Results <ul><li>Institutional Student Information Record (ISIR) sent to colleges listed on FAFSA approxim...
Making Corrections <ul><li>If necessary, corrections to FAFSA data may be made by:  </li></ul><ul><li>Using FAFSA on the W...
Special Circumstances <ul><li>Cannot report on FAFSA </li></ul><ul><li>Send explanation to financial aid office at each co...
Special Circumstances <ul><li>College reviews special circumstances </li></ul><ul><li>Request additional documentation </l...
Special Circumstances <ul><li>Change in employment status </li></ul><ul><li>Medical expenses not covered by insurance </li...
HOPE <ul><li>Must be eligible based on GPA computation done by GSFC (H. S. Counselors submit transcripts – GPA based on ma...
 
HOPE cont. <ul><li>Student should complete GSFApp.  May also complete the FAFSA.  The FAFSA is a one-year form.  The GSFAp...
Currently  - HOPE Regulations <ul><li>HOPE Scholarship pays: </li></ul><ul><ul><li>Tuition </li></ul></ul><ul><ul><li>Book...
HOPE cont. <ul><li>Student’s GPA (3.00) will be checked: </li></ul><ul><ul><li>Following first year of attendance </li></u...
HOPE cont. <ul><li>Following 127  attempted  hours – the student is no longer eligible for HOPE. </li></ul><ul><li>All cou...
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High school presentation for 2011 2012

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  • Total Undergraduate and Graduate Student Aid by Type In 2009-10, federal loans constituted 43% of student aid received by undergraduates and 69% of total graduate student aid. Federal grants constituted 26% of the financial aid on which undergraduate students relied, but only 3% of the aid to graduate students. The 17% of undergraduate aid in the form of institutional grants in 2009-10 constituted 32% of all undergraduate grant aid. The federal government provided 49% of undergraduate grant aid. The 16% of graduate student aid in the form of institutional grants in 2009-10 constituted 59% of all grant aid for graduate students. Colleges and universities also provided fellowships and assistantships to many graduate students. The 9% of graduate student aid in the form of grants from employers and other private sources constituted 31% of all grants to graduate students.
  • Total Aid per Full-Time Equivalent Student In 2009-10, undergraduate students received an average of $11,461 in aid per full-time equivalent (FTE) student, including $6,041 in grants from all sources and $4,883 in federal loans. Graduate students received an average of $22,697 in aid per FTE, including $6,371 in grants and $15,744 in federal loans. Total grant aid per full-time equivalent (FTE) undergraduate student increased at an average rate of 2.8% per year in inflation-adjusted dollars from 1994-95 to 1999-2000, 4.4% per year from 1999‑2000 to 2004-05, and 5.3% per year from 2004-05 to 2009-10. Federal loans per FTE undergraduate student increased at an average rate of 2.7% per year in inflation-adjusted dollars from 1994‑95 to 1999‑2000, 4.0% per year from 1999‑2000 to 2004‑05, and 6.0% per year from 2004‑05 to 2009‑10. Total grant aid per FTE graduate student increased at an average rate of 10.1% per year in inflation-adjusted dollars from 1994‑95 to 1999‑2000, decreased by 2.2% per year from 1999‑2000 to 2004‑05, and increased by 3.5% per year from 2004‑05 to 2009-10. Federal loans per FTE graduate student increased at an average rate of 3.2% per year in inflation-adjusted dollars from 1994‑95 to 1999‑2000, 4.8% per year from 1999‑2000 to 2004‑05, and 5.8% per year from 2004‑05 to 2009‑10.
  • Total financial aid per full-time equivalent (FTE) student increased 51%, from $8,894 (in constant 2009 dollars) in 1999-2000 to $13,444 in 2009-10.
  • Transcript of "High school presentation for 2011 2012"

    1. 1. Financial Aid 101 Etowah High School Thursday, Jan. 20, 2011
    2. 2. Topics We Will Discuss Tonight <ul><li>What is financial aid </li></ul><ul><li>Cost of attendance (COA) </li></ul><ul><li>Expected Family Contribution (EFC) </li></ul><ul><li>What is financial need </li></ul><ul><li>Categories, types, and sources of financial aid </li></ul><ul><li>Free Application for Federal Student Aid (FAFSA) </li></ul><ul><li>Special circumstances </li></ul>
    3. 3. What is Financial Aid? <ul><li>Financial aid is funds provided to students and families to help pay for postsecondary educational expenses </li></ul>
    4. 4. What is Cost of Attendance (COA) <ul><li>Direct costs </li></ul><ul><li>Indirect costs </li></ul><ul><li>Direct and indirect costs combined into cost of attendance </li></ul><ul><li>Varies widely from college to college </li></ul>
    5. 5. COA Components <ul><li>Tuition/Fees </li></ul><ul><li>Books and Supplies </li></ul><ul><li>Room and Board </li></ul><ul><li>Transportation </li></ul><ul><li>Miscellaneous </li></ul>
    6. 6. COA Example <ul><li>Tuition/Fees = $4,000 </li></ul><ul><li>Books/Supplies = $1,250 </li></ul><ul><li>Room/Board = $6,000 </li></ul><ul><li>Transportation= $2,500 </li></ul><ul><li>Miscellaneous = $4,000 </li></ul><ul><li>COA = $16,625 </li></ul>
    7. 7. What is the Expected Family Contribution (EFC) <ul><li>Amount family can reasonably be expected to contribute </li></ul><ul><li>Stays the same regardless of college </li></ul><ul><li>Two components </li></ul><ul><ul><li>Parent contribution </li></ul></ul><ul><ul><li>Student contribution </li></ul></ul><ul><li>Calculated using data from a federal application form and a federal formula </li></ul>
    8. 8. What is Financial Need <ul><li>Cost of Attendance </li></ul><ul><li>– Expected Family Contribution </li></ul><ul><li>= Financial Need </li></ul>
    9. 9. COA – EFC = Need <ul><li>COA = $16,625 </li></ul><ul><li>EFC = - 3,625 </li></ul><ul><li>Need = $13,000 </li></ul><ul><li>If awarded any federal money – cannot exceed need figure. Includes all resources, i.e., loans, work-study, grants, scholarships, etc. </li></ul>
    10. 10. Types of Financial Aid <ul><li>Scholarships </li></ul><ul><li>Grants </li></ul><ul><li>Loans </li></ul><ul><li>Employment </li></ul>
    11. 11. Sources of Financial Aid <ul><li>Federal government </li></ul><ul><li>States </li></ul><ul><li>Private sources </li></ul><ul><li>Civic organizations and churches </li></ul><ul><li>Employers </li></ul>
    12. 12. Federal Government <ul><li>Largest source of financial aid </li></ul><ul><li>Aid awarded primarily on the basis of financial need </li></ul><ul><li>Must apply every year using the Free Application for Federal Student Aid (FAFSA) </li></ul>
    13. 13. Common Federal Aid Programs <ul><li>Federal Pell Grant </li></ul><ul><li>Academic Competitiveness Grant </li></ul><ul><li>National Science and Mathematics Access to Retain Talent Grant </li></ul><ul><li>Teacher Education Assistance for College and Higher Education Grant </li></ul><ul><li>Federal Supplemental Educational Opportunity Grant </li></ul><ul><li>Federal Perkins Loan </li></ul><ul><li>Federal Work-Study </li></ul><ul><li>Stafford Loans </li></ul><ul><li>PLUS Loans </li></ul>
    14. 14. Undergraduate Student Aid by Source (in Billions), 2009-10 <ul><li>SOURCE: The College Board, Trends in Student Aid 2010, Figure 2A. </li></ul>
    15. 15. Average Aid per Undergraduate FTE, 1994-95 to 2009-10 in Constant 2009 Dollars <ul><li>SOURCE: The College Board, Trends in Student Aid 2010, Figure 11A. </li></ul>
    16. 16. Ten-Year Trend in Student Aid and Nonfederal Loans per FTE Used to Finance Postsecondary Education Expenses in Constant 2009 Dollars, 1999-2000 to 2009-10 <ul><li>SOURCE: The College Board, Trends in Student Aid 2010, Figure 1. </li></ul>
    17. 17. Scholarships <ul><li>Money that does not have to be paid back </li></ul><ul><li>Awarded on the basis of merit, skill, or unique characteristic </li></ul>
    18. 18. Grants <ul><li>Money that does not have to be paid back </li></ul><ul><li>Usually awarded on the basis of financial need </li></ul>
    19. 19. Loans <ul><li>Money students and parents borrow to help pay college expenses </li></ul><ul><li>Repayment usually begins after education is finished </li></ul><ul><li>Only borrow what is really needed </li></ul><ul><li>Look at loans as an investment in the future </li></ul>
    20. 20. Employment <ul><li>Allows student to earn money to help pay educational costs </li></ul><ul><li>A paycheck </li></ul><ul><li>Non-monetary compensation, such as room and board </li></ul>
    21. 21. Private Sources <ul><li>Foundations, businesses, charitable organizations </li></ul><ul><li>Deadlines and application procedures vary widely </li></ul><ul><li>Begin researching private aid sources early </li></ul>
    22. 22. Civic Organizations and Churches <ul><li>Research what is available in community </li></ul><ul><li>To what organizations and churches does student and family belong? </li></ul><ul><li>Application process usually spring of senior year </li></ul><ul><li>Small scholarships add up! </li></ul>
    23. 23. Employers <ul><li>Companies may have scholarships available to the children of employees </li></ul><ul><li>Companies may have educational benefits for their employees </li></ul>
    24. 24. Awards <ul><li>COA = $16,625 </li></ul><ul><li>EFC = - 3,625 </li></ul><ul><li>Need = $13,000 </li></ul><ul><li>Financial aid awards could be (annual): </li></ul><ul><li>Pell Grant 1,700 </li></ul><ul><li>HOPE 3,600 </li></ul><ul><li>Student Loan 5,500 </li></ul><ul><li>Outside Schol. 1,000 </li></ul><ul><li>Student Work 1,200 </li></ul><ul><li>Total $13,000 </li></ul>
    25. 25. FAFSA Website <ul><li>Make sure you go here – and no other website: </li></ul><ul><li>www.fafsa.gov </li></ul>
    26. 27. FAFSA for 2009-2010
    27. 28. 2010-2011 FAFSA
    28. 31. #1 – click here #2 – click here
    29. 32. Free Application for Federal Student Aid (FAFSA) <ul><li>A standard form that collects demographic and financial information about the student and family </li></ul><ul><li>May be filed electronically or using paper form </li></ul><ul><ul><li>Available in English and Spanish </li></ul></ul>
    30. 33. FAFSA <ul><li>Information used to calculate the Expected Family Contribution or EFC </li></ul><ul><ul><li>The amount of money a student and his or her family may reasonably be expected to contribute towards the cost of the student’s education for an academic year </li></ul></ul><ul><li>Colleges use EFC to award financial aid </li></ul>
    31. 34. FAFSA <ul><li>May be filed at any time during an academic year, but no earlier than the January 1 st prior to the academic year for which the student requests aid </li></ul><ul><li>For the 2011-12 academic year, the FAFSA may be filed beginning January 1, 2011 </li></ul><ul><li>Colleges may set FAFSA filing deadlines </li></ul>
    32. 35. 2011-2012 FAFSA <ul><li>Retention, graduation and transfer rates within FAFSA on the Web </li></ul><ul><ul><li>When students use the school code lookup within FOTW to lists colleges on the form, they will be presented with each college’s reported retention, graduation and transfer rates. </li></ul></ul><ul><ul><li>This information will also display on the FAFSA on the Web confirmation page. </li></ul></ul>
    33. 36. FAFSA on the Web <ul><li>Good reasons to file electronically: </li></ul><ul><li>Built-in edits to prevent costly errors </li></ul><ul><li>Skip-logic allows student and/or parent to skip unnecessary questions </li></ul><ul><li>More timely submission of original application and any necessary corrections </li></ul><ul><li>More detailed instructions and “help” for common questions </li></ul><ul><li>Ability to check application status on-line </li></ul><ul><li>Simplified application process in the future </li></ul>
    34. 37. IRS Data Retrieval <ul><li>While completing FOTW, applicant may submit real-time request to IRS for tax data </li></ul><ul><li>IRS will authenticate taxpayer’s identity </li></ul><ul><li>If match found, IRS sends real-time results to applicant in new window </li></ul><ul><li>Applicant chooses whether or not to transfer data to FOTW </li></ul>
    35. 38. IRS Data Retrieval <ul><li>Available beginning Jan. 31, 2011 for 2011-12 processing cycle </li></ul><ul><li>Participation is voluntary </li></ul><ul><li>Could reduce documents requested by financial aid office </li></ul><ul><li>Not available to applicants with a recent change in marital status </li></ul>
    36. 39. Student Financial Aid Personal Identification Number (SFA PIN) <ul><li>Web site: www.pin.ed.gov </li></ul><ul><li>Sign FAFSA electronically </li></ul><ul><li>Can request PIN before January 1, 2011 </li></ul><ul><li>Not required, but speeds processing </li></ul><ul><li>May be used by students and parents throughout aid process, including subsequent school years </li></ul>
    37. 42. FOTW Worksheet: Section 1 <ul><li>General student information: </li></ul><ul><li>Name </li></ul><ul><li>Social Security Number </li></ul>
    38. 43. FOTW Worksheet: Section 1 <ul><li>General student information: </li></ul><ul><li>Citizenship </li></ul><ul><li>Marital status </li></ul><ul><li>Selective Service registration status </li></ul>
    39. 44. FOTW Worksheet: Section 1 <ul><li>General student information: </li></ul><ul><li>Drug conviction status </li></ul><ul><li>Parents’ educational background </li></ul>
    40. 45. FOTW Worksheet: Section 2 <ul><li>Student’s dependency status: </li></ul><ul><li>If all “No” responses, student is dependent </li></ul><ul><li>If “Yes” to any question, student is independent </li></ul>
    41. 46. FOTW Worksheet: Section 3 <ul><li>Data for parents of dependent students: </li></ul><ul><li>Dislocated worker status </li></ul>
    42. 47. FOTW Worksheet: Section 3 <ul><li>Financial data for parents of dependent students: </li></ul><ul><li>Tax filing status </li></ul><ul><li>Adjusted Gross Income (AGI) for 2010 </li></ul><ul><li>Income earned from work </li></ul>
    43. 48. FOTW Worksheet: Section 3 <ul><li>Financial data for parents of dependent students: </li></ul><ul><li>Receipt of benefits from certain federal means-tested programs </li></ul><ul><li>Additional financial information </li></ul><ul><li>Untaxed income </li></ul>
    44. 49. FOTW Worksheet: Section 4 <ul><li>Financial data for student (and spouse): </li></ul><ul><li>Tax filing status </li></ul>
    45. 50. FOTW Worksheet: Section 4 <ul><li>Financial data for student (and spouse): </li></ul><ul><li>Adjusted gross income (AGI) for 2010 </li></ul><ul><li>Income earned from work </li></ul><ul><li>Dislocated worker status </li></ul>
    46. 51. FOTW Worksheet: Section 4 <ul><li>Financial data for student (and spouse): </li></ul><ul><li>Receipt of benefits from certain federal means-tested programs </li></ul><ul><li>Additional financial information </li></ul><ul><li>Untaxed income </li></ul>
    47. 52. Signatures <ul><li>Required </li></ul><ul><ul><li>Student </li></ul></ul><ul><ul><li>One parent (dependent students) </li></ul></ul><ul><li>Format </li></ul><ul><ul><li>Electronic using PIN </li></ul></ul><ul><ul><li>Signature page </li></ul></ul><ul><ul><li>Paper FAFSA </li></ul></ul>
    48. 53. Frequent FAFSA Errors <ul><li>Social Security Numbers </li></ul><ul><li>Divorced/remarried parental information </li></ul><ul><li>Income earned by parents/stepparents </li></ul><ul><li>Untaxed income </li></ul><ul><li>U.S. income taxes paid </li></ul><ul><li>Household size </li></ul><ul><li>Number of household members in college </li></ul><ul><li>Real estate and investment net worth </li></ul>
    49. 54. FAFSA Processing Results <ul><li>Central Processing System (CPS) notifies student of FAFSA processing results by: </li></ul><ul><li>Paper Student Aid Report (SAR) if paper FAFSA was filed and student’s e-mail address was not provided </li></ul><ul><li>SAR Acknowledgment if filed FAFSA on the Web and student’s e-mail address was not provided </li></ul>
    50. 55. FAFSA Processing Results <ul><li>CPS notifies student of FAFSA processing results by: </li></ul><ul><ul><li>E-mail notification containing a direct link to student’s on-line SAR if student’s e-mail was provided on paper or electronic FAFSA </li></ul></ul><ul><li>Student with PIN may view SAR on-line at www.fafsa.gov </li></ul>
    51. 56. FAFSA Processing Results <ul><li>Institutional Student Information Record (ISIR) sent to colleges listed on FAFSA approximately 10 to 14 days after FAFSA submitted </li></ul><ul><li>College reviews ISIR </li></ul><ul><ul><li>May request additional documentation, such as copies of federal tax returns </li></ul></ul>
    52. 57. Making Corrections <ul><li>If necessary, corrections to FAFSA data may be made by: </li></ul><ul><li>Using FAFSA on the Web ( www.fafsa.gov ) if student has a PIN; </li></ul><ul><li>Updating paper SAR (SAR Information Acknowledgment cannot be used to make corrections); or </li></ul><ul><li>Submitting documentation to college’s financial aid office </li></ul>
    53. 58. Special Circumstances <ul><li>Cannot report on FAFSA </li></ul><ul><li>Send explanation to financial aid office at each college </li></ul>
    54. 59. Special Circumstances <ul><li>College reviews special circumstances </li></ul><ul><li>Request additional documentation </li></ul><ul><li>Decisions are final and cannot be appealed to U.S. Department of Education </li></ul>
    55. 60. Special Circumstances <ul><li>Change in employment status </li></ul><ul><li>Medical expenses not covered by insurance </li></ul><ul><li>Change in parent marital status </li></ul><ul><li>Unusual dependent care expenses </li></ul><ul><li>Student cannot obtain parent information </li></ul>
    56. 61. HOPE <ul><li>Must be eligible based on GPA computation done by GSFC (H. S. Counselors submit transcripts – GPA based on math, science, history, english grades) </li></ul><ul><li>Student must go to www.gacollege411.org and create an account and complete the GSFApp. </li></ul>
    57. 63. HOPE cont. <ul><li>Student should complete GSFApp. May also complete the FAFSA. The FAFSA is a one-year form. The GSFApp is valid for 72 months. </li></ul><ul><li>Must meet all other HOPE eligibility requirements. Can be found at www.gacollege411.org . </li></ul>
    58. 64. Currently - HOPE Regulations <ul><li>HOPE Scholarship pays: </li></ul><ul><ul><li>Tuition </li></ul></ul><ul><ul><li>Book Stipend of $150/semester (based on hours enrolled) </li></ul></ul><ul><ul><li>A maximum of $283/term on fees (KSU). </li></ul></ul><ul><ul><li>HOPE does not pay complete cost! </li></ul></ul>
    59. 65. HOPE cont. <ul><li>Student’s GPA (3.00) will be checked: </li></ul><ul><ul><li>Following first year of attendance </li></ul></ul><ul><ul><li>Following the completion of 30 attempted hours </li></ul></ul><ul><ul><li>Following the completion of 60 attempted hours </li></ul></ul><ul><ul><li>Following the completion of 90 attempted hours </li></ul></ul><ul><ul><li>At the end of EACH spring term </li></ul></ul><ul><ul><li>Can gain eligibility at 30, 60, or 90 attempted hrs. </li></ul></ul><ul><ul><li>May lose it after spring term, 30, 60, or 90 attempted hrs – if lost after 90 th attempted hrs – cannot regain eligibility. </li></ul></ul>
    60. 66. HOPE cont. <ul><li>Following 127 attempted hours – the student is no longer eligible for HOPE. </li></ul><ul><li>All coursework counts – even those not completed, i.e., withdrawn, taken while not receiving HOPE, etc. </li></ul><ul><li>Joint Enrolled, AP, Accel – may not count. Based one eligibility at graduation from </li></ul><ul><li>H. S. </li></ul>
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