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Georgia Student Finance Commission. Financial Aid 101 . Georgia’s HOPE Scholarship Program. Largest Non-Need Based Program in the Nation Students must meet: A cademic Requirement of a 3.0 GPA in academic core classes* C itizenship R esidency E nroll in a HOPE eligible school in Georgia.

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georgia s hope scholarship program
Georgia’s HOPE Scholarship Program
  • Largest Non-Need Based Program in the Nation
  • Students must meet:
    • Academic Requirement of a 3.0 GPA in academic core classes*
    • Citizenship
    • Residency
    • Enroll in a HOPE eligible school in Georgia
2011 hope scholarship award
2011 HOPE Scholarship Award
  • At a Georgia public college, university or technical college:
    • Award will cover portion of standard tuition
  • At a Georgia private college:
    • Award will be $3,600 per academic year for full-time study

*Award amount will vary by year depending on receipts from lottery commission and expenditures of HOPE dollars

zell miller scholarship program
Zell Miller Scholarship Program
  • New Scholarship Program for 2011
  • Must meet HOPE Scholarship requirements, plus:
    • Minimum 3.7 GPA in academic core classes, and
    • 1,200 combined critical reading and math on SAT, or
    • 26 composite ACT
    • Graduate from an eligible high school as the valedictorian or salutatorian

*Test requirements must be met in single test administration.

2011 zell miller scholarship award
2011 Zell Miller Scholarship Award
  • At a Georgia public college, university or technical college:
    • Award will cover full standard tuition
  • At a Georgia private college:
    • Award will be $4,000 per academic year for full-time study
maintaining the hope zell scholarship
Maintaining the HOPE/Zell Scholarship
  • A student must maintain a 3.0 grade point average in college to maintain the HOPE Scholarship.
  • A student must maintain a 3.3 grade point average in college to maintain the Zell Miller Scholar program.
  • If a student loses eligibility for either the HOPE or Zell Miller Scholar program for any reason, they may regain that eligibility one time. They remain eligible for the HOPE Scholarship provided the student’s GPA is still a 3.0 or above.
    • If a student did not or does not graduate from high school Academically Eligible for Zell Miller, then the student can never earn Zell Miller.
maintaining the hope zell scholarship1
Maintaining the HOPE/Zell Scholarship
  • HOPE Eligibility Checkpoints
    • At the end of every Spring Semester
    • 30 Attempted Semester Hours
    • 60 Attempted Semester Hours
    • 90 Attempted Semester Hours
    • Students have a maximum of 127 attempted semester hours (190 quarter hours) to be awarded HOPE Scholarship funds.
    • Students graduating 2011 and beyond have a maximum of 7 years to utilize the HOPE Scholarship before their eligibility expires
      • Exceptions for military service
hope grant program
HOPE Grant Program
  • For students enrolling in a certificate or a diploma program
  • Need a 3.0 GPA at 30 attempted semester hours to continue receiving grant
  • Covers portion of tuition
  • Covers up to 63 semester hours or 95 quarter hours

Need New Picture

view hope gpa on gacollege411
View HOPE GPA on GAcollege411
  • Select “Your HOPE GPA” under “Shortcuts”
  • Log in to your GAcollege411 Account
  • Enter Last Name, Date of Birth, and Social Security Number
  • Finally, select high school from list
  • Grady seniors should visit this “shortcut” in late February, 2012
what is financial aid
What is Financial Aid?
  • Financial Aid is funding intended to help students pay educational expenses
  • Sources of Financial Aid
    • Federal government
    • State government
    • Colleges and universities
    • Community groups (religious organizations, civic organizations, corporations, professional organizations, etc.)
how much does college cost
How Much Does College Cost?
  • Costs of Attendance
    • Tuition and mandatory fees
    • Room and board
    • Books and supplies
    • Transportation
    • Personal expenses (clothing, laundry, entertainment, medicine and healthcare, cell phone etc.)
financial aid comes in packages
Financial Aid Comes in Packages
  • Gift Aid
    • Money not paid back
  • Grants
  • Scholarships
  • Self-Help
    • Money using student initiative
  • Student Loans- (can help students begin to establish credit)
  • Work Study
what is an efc
What is an EFC?
  • The FAFSA will determine the Expected Family Contribution (EFC).
  • The EFC estimates the family’s ability to contribute toward educational costs.
  • The EFC formula includes financial information collected on the FAFSA, family size and number of dependents.
what does the fafsa do
What Does the FAFSA Do?

College Cost of Attendance (Determined by the School)

Minus the Expected Family Contribution

Equals the Amount of Need Based Aid

for which the student may qualify

pell grant
Pell Grant
  • Maximum Pell Grant Amount $5,550
  • $2,775 per semester
  • Full time student (12 or more hrs.)
  • Based on $0 EFC
direct loan program
Direct Loan Program
  • Subsidized Direct Loans
    • Interest is paid by the government while enrolled (at least half-time)
  • Unsubsidized Stafford Loans
    • Student is responsible for paying the interest on the loan
  • Repayment begins six (6) months after graduation or ceasing to be enrolled half-time
slide19

ALL students

should file a FAFSA after January 1, 2012!

It is the GATEWAY to accessing money

to pay for college

Apply for the FAFSA by visiting GAcollege411.org

An updated FAFSA is also required each school year

slide20

Federal Application for Student AidASSIGNMENT FOR SENIORS:visit: www.pin.ed.gov and request a FAFSA PINEvery student applying Federal Student Aid must request a Federal Student Aid PIN BEFORE you can electronically submit the 2012 FAFSA application!

what does the fafsa require
What Does the FAFSA Require?
  • To complete the FAFSA, you will need:
    • Completed Tax Returns
    • Information on untaxed income, such as child support
    • Household Information
  • To Receive a Paper FAFSA:
    • Call 1-800-4-FED-AID
    • Download the paper application at FederalStudentAid.ed.gov
contact us
Students and Parents support

By browsing online help

Contact the Federal Student Aid Information Center

Live help, phone, or E-mail.

Contact Us
fafsa on the web worksheet
FAFSA on the Web Worksheet

These questions will determine whether the student is a dependent or independent student. These are the only questions that the Government uses in making this determination.

who is the parent for federal aid
Who is the “parent” for federal aid?

“Parent” refers to the biological or adoptive parent.

In case of divorce or separation give information about the parent you lived with most during the last 12 months.

If your divorced or widowed parent has remarried, also provide information about your stepparent.

irs data retrieval
IRS Data Retrieval
  • The applicant will be validated
  • The applicant will have the option to “Transfer” the tax information to the FAFSA
special circumstances
Special Circumstances
  • Cannot report on FAFSA
  • Send explanation to financial aid office at each college
  • College will review special circumstances:
    • Request additional documentation
    • Decisions are final and cannot be

appealed to U.S. Department of

Education

  • Examples of Special Circumstances:
  • Change in employment status
  • Medical expenses not covered by insurance
  • Change in parent marital status
  • Unusual dependent care expenses
  • Student cannot obtain parent information
sign and submit
Sign and Submit
  • 3 Signature Options
    • Sign Electronically w/PIN
    • Print Signature Page
    • Submit without signatures
confirmation page
Confirmation Page
  • Confirmation Number
  • Data Release Number (DRN)
  • EFC estimate
  • Pell Grant and Direct Loan estimates
  • Option for parents to transfer info to an application for a sibling
fafsa processing results
FAFSA Processing Results
  • Institutional Student Information Record (ISIR) sent to colleges listed on FAFSA approximately 10 to 14 days after FAFSA submitted
  • College reviews Institutional Student Information Record (ISIR)
    • May request additional documentation, such as copies of federal tax returns
questions contact us
Questions? ContactUs
  • Call GSFC at 1-800-505-4732 or visit your school counselor
  • www.GAcollege411.org, click on Financial Aid Planning Page
  • Email: clientservices@gsfc.org

Darryl Watson

Georgia Student Finance Commission

darrylw@gsfc.org