Georgia’s Financial Aid Programs 2015 - 2016 Benjamin Meadows K-12 Outreach Representative
Agenda • HOPE Program Overview • HOPE Scholarship • Zell Miller Scholarship • HOPE Grant and Zell Miller Grant • Strategic Industries Workforce Development Grant and HOPE GED Grant • Dual Credit Enrollment: Move On When Ready • Student Access Loan Program • Other State Programs 2
HOPE Program OVERVIEW 3
HOPE Overview • HOPE - Helping Outstanding Pupils Educationally - is Georgia's unique scholarship and grant program that rewards students with financial assistance in degree, diploma and certificate programs at eligible Georgia public and private colleges and universities and public technical colleges. HOPE Program HOPE Zell Miller HOPE GED Zell Miller HOPE Grant Scholarship Scholarship Grant Grant Strategic Industries Workforce Development Grant (SIWDG)
Giving HOPE September 1993 through July 2015 Students Amount Awarded University System 709,915 $5,521,503,565.49 Technical Colleges 883,794 $1,806,166,494.01 Private Colleges and 174,219 $829,069,201.47 Universities Totals *1,767,928 $8,156,739,260.97 NOTE: A total of 359,727 GED recipients have qualified for a HOPE GED Grant for the time period above. Of this number, 91,006 have utilized the HOPE GED Grant to attend public or private post-secondary institutions, totaling $45,365,710.39. The TOTAL FOR ALL SCHOOLS student count includes HOPE GED Grant recipients. * Students who transfer to another eligible institution are duplicated in this count. 5
The Future of HOPE HOPE SIWDG Scholarship HOPE Zell Miller GED Grant Scholarship HOPE Zell Miller Grant Grant 6
The Future of HOPE • Award amounts set each year by the Governor and the General Assembly • Monitor the HOPE Program award amounts to plan for college expenses • Consider opening a Path2College (529) savings and investment account to save for college expenses – path2college529.com 7
The HOPE Program • Basic Eligibility – U.S. citizen or eligible non-citizen – Georgia resident – Graduated from a HOPE eligible high school – Graduated from a HOPE eligible home study program – Attending a University System of Georgia (USG) or Technical College System of Georgia (TCSG) postsecondary institution – Attending an eligible private non-profit postsecondary institution or an eligible private proprietary (for-profit) institution 8
HOPE Program HOPE SCHOLARSHIP 9
HOPE Scholarship • Eligibility – 3.0 HOPE GPA • Core curriculum courses • GSFC must receive an official high school transcript – Including graduation date – Electronic or paper based on school status 10
HOPE Scholarship Rigor Requirements Credit Courses Needed in 4 Years 5 4 3 # of Credits 2 1 0 Class of Class of Class of 2015 2016 2017+ 11
HOPE Scholarship • Rigor Requirements – Advanced math – Advanced science – Advanced Placement (AP) courses in core subjects – International Baccalaureate (IB) courses in core subjects – Dual credit courses in core subjects taken during Dual Credit Enrollment – Core courses taken at eligible postsecondary institutions – Foreign language 12
HOPE Scholarship • Award Amounts – Georgia public institutions • Portion of standard tuition • Award amount chart available on GAcollege411.org – Georgia private institutions • Full-time student – $1,968 per semester (summer, fall, spring) – $1,313 per quarter (summer, fall, winter, spring) • Half-time student – $984 per semester (summer, fall, spring) – $657 per quarter (summer, fall, winter, spring) 13
HOPE Scholarship Award Amount Example # of Credit Hours Per Hour School Name Rate 1 2 3 15 Georgia State $233 $233 $466 $699 $3,495 University A complete chart of participating institutions and award amounts available on GAcollege411.org . 14
HOPE Scholarship • Maintaining HOPE – 3.0 GPA at checkpoints – Checkpoints • End of every spring semester/quarter • 30/45 attempted semester/quarter hours • 60/90 attempted semester/quarter hours • 90/135 attempted semester/quarter hours – Students can only regain the HOPE Scholarship ONCE 15
HOPE Program ZELL MILLER SCHOLARSHIP 16
Zell Miller Scholarship Eligibility Rigor Requirements and one of the following: Designated valedictorian 3.7 high school GPA as calculated or salutatorian by GSFC in core curriculum courses AND • 1200 SAT combined score (Critical Reading and Math) OR • 26 ACT composite score 17
Zell Miller Scholarship • Award Amounts – Georgia public institutions • Standard undergraduate tuition for current academic year – Georgia private institutions • Full-time student – $2,174 per semester (summer, fall, spring) – $1,450 per quarter (fall, winter, spring, summer) • Half-time student – $1,087 per semester (summer, fall, spring) – $726 per quarter (fall, winter, spring, summer) 18
Zell Miller Scholarship • Maintaining Zell Miller – 3.3 GPA at checkpoints – Checkpoints • End of every spring semester/quarter • 30/45 attempted semester/quarter hours • 60/90 attempted semester/quarter hours • 90/135 attempted semester/quarter hours – Students can only regain Zell Miller ONCE • May still be eligible for HOPE Scholarship 19
HOPE & Zell Miller Scholarships • Students lose eligibility due to one of the following: – GPA requirement not met (3.0 for HOPE; 3.3 for Zell Miller) – Reaching maximum attempted hours • 127 semester • 190 quarter – Failing to use funds within seven years of high school graduation or equivalent • Exception for military service time – Received a bachelor’s degree – Received first professional degree 20
HOPE Program HOPE GRANT AND ZELL MILLER GRANT 21
HOPE Grant • Eligibility – High school GPA and/or test scores not considered – Enrolled in a certificate or diploma program – High school graduation not required • Award Amount – Portion of the 2015-2016 standard tuition – Award amount chart available on GAcollege411.org 22
HOPE Grant • Maintaining HOPE Grant – 2.0 GPA at checkpoints • 30/45 paid semester/quarter hours • 60/90 paid semester/quarter hours • Students lose eligibility due to one of the following: – 2.0 GPA requirement not met – Paid hours • 63 semester/95 quarter – Received a bachelor’s degree • Joint or Dual Credit Enrollment students are not eligible 23
Zell Miller Grant • Eligibility – Enrolled in a certificate or diploma program – High school GPA and/or test scores not considered – High school graduation not required – Minimum 3.5 cumulative postsecondary GPA • Award Amount – Standard undergraduate tuition, up to 15 hours – Award for first term of enrollment will be paid retroactively if student has required 3.5 GPA 24
Zell Miller Grant • Maintaining Zell Miller Grant – 3.5 GPA checked at the end of each term • Students that lose the Zell Miller Grant at the end-of-term checkpoint, may regain it if they have the required minimum cumulative 3.5 GPA at the end of the next term • Students lose eligibility due to one of the following: – 3.5 GPA requirement not met – 63 paid or combined paid hours (HOPE Grant and Zell Miller Grant) met • Joint or Dual Credit Enrollment students are not eligible • Zell Miller Grant recipients eligible for SIWDG 25
HOPE Grant vs Zell Miller Grant HOPE Grant Zell Miller Grant Minimum 2.0 cumulative GPA Minimum 3.5 cumulative GPA Checkpoints: 30/60 paid hours Checkpoints: End of term Award Amount: Portion of tuition Award Amount: Full standard tuition, based on per credit hour rate, up to up to 15 hours 15 hours Joint or Dual Credit Enrollment Joint or Dual Credit Enrollment students are not eligible students are not eligible First term paid immediately if First term is paid retroactively if requirements met student has the required 3.5 GPA Eligible for Strategic Industries Eligible for Strategic Industries Workforce Development Grant Workforce Development Grant 26
HOPE Program SIWDG AND HOPE GED GRANT 27
Strategic Industries Workforce Development Grant • HOPE Grant and Zell Miller Grant recipients eligible for SIWDG • 141 certificate and diploma programs – Complete list of approved programs on GAcollege411.org • Joint or Dual Credit Enrollment students are not eligible • Awards effective Fall 2014 Enrolled Hours Award Amount 9 or more $500 per term 3 – 8 $250 per term 1 – 2 $125 per term Note: Commercial truck driving – enrolled 9+ hours; $1,000 one-time award 28
HOPE GED Grant • Eligibility – Must be a Georgia resident for 12 consecutive months immediately prior to the first day of classes of the school term – If not a Georgia resident on the date of the GED, must be a Georgia resident 24 consecutive months immediately prior to the first day of classes of the school term • Award Amount – $500 voucher – Expires 24 consecutive months after receipt of award – Per 2013 legislation, if a GED is awarded while the student is incarcerated, the voucher expires 24 consecutive months after release from incarceration 29
Dual Credit Enrollment MOVE ON WHEN READY 30
Dual Credit Enrollment • Opportunity for students to earn credit hours toward a certificate, degree or diploma while they meet their high school graduation requirements 31
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