The Financial Aid Process

Good afternoon, thank you all so very much for joining us this afternoon.

Been a long day. I know everyone's a little bit come with tired and we truthfully that you and your families are doing very well. My name is that crater on the associate Dean of admission for financial aid here at the University of the South. I've been working in Swanee for almost 34 years and have spent 30 at that in the financial aid office.

Briefly recap, a little bit of the initial financial aid session. Like you know, we have a mixed audience today where we have to international students with us, and some of this doesn't apply that we will touch on what you need to do to apply for need based day.

So first and foremost, one of the most important things about this is the application process and we covered just briefly the last time when I refer to is 2 website or two forms, excuse me.

Free websites, so the two forms for domestic students are the facts of the free application for federal student aid and the CSS profile. CSS stands for college scholarship service or international students. The only one of those you need to do is the CSS CSS profile.

So just wanna make that clear from the beginning, though we know you can't do the faster jump, worry about that part.

Or domestic students. You would start at studentaid.gov to do your fasa.

You have to have an FSA ID and we have a couple of slides around this because it this was a little bit more detail. If you join us the last time and I'm gonna brush over this a little bit quickly and ensure that you have that information in writing so that you can follow up player but you have to have an FSA ID. You're going to go to that site. You can do the FSA ID nail you and it's one parent you say it is on the fasten must have.

That's why I think it stands for federal student aid, so make sure you do that sometime soon.

The other thing that we encourage you to do is to go out to the IRS's website itis@irs.gov/individual/get

dash transcript and that one allows you to go ahead and request a 2019 federal tax return for Rus tax filers.

For the 2019 year old, both the parent and the student at the student filed. We recommend that now, because you may need it, you may not, but if you go ahead and get it now, it will streamline the process down the road. So the studentaid.gov site for your backside.

IRS site for a tax transcript. Those are the two sites for domestic students. In addition, domestic students applying for need based aid at the University says nothing to do with scholarship process. This is all about need based aid yuan or international students are going to complete the CSS profile that one and without my glasses of cssprofile.collegeboard.org.

This one I ask the questions just a little bit differently and we find that that's helpful in the process. So a lot of that is things that are things that we covered the last time and again you'll have some slides there and information you can refer to.

One of the things I really want to talk about today so you understand me Bay stay here. It's money is the concept of us meeting for me this is really important. It really means a lot to allow our students to actually come join us on the mountain. We are hoping that that is the case here in the next few weeks. We don't plan to have other students are returning students.

Everybody wanna ask totally socially distant and we are planning for that at this time. But one of the biggest things is making sure that students understand that Swamis possibility and we don't want the price tag to frighten you or make you think that this isn't the place to live because there are options and meaningful need is one of the best things that's happened.

Here in a while and financial aid office when I started, that's how we did business.

A lot of schools got away from that, and our institution chose to go back to it or incoming class this year. That is what we will be doing next year. So how does that work? What does that mean?

We look at a total cost of attendance that includes some direct build costs like tuition, fees, room and board.

And then we also look at your indirect costs when you come to campus, you have some travel expenses.

Beyond that.

You're going to buy books we had. We recommend that. And you're also going to have some personal expenses. You will at some point, need shampoo, toothpaste, those things that you can't just go steal out mom's bathroom while you're here. So all of those pieces make up the total cost of attendance. And for our local students, students, Tennessee, Georgia, Kentucky, those areas are total cost of attendance this year with $64,630. I don't have numbers for next year.

But again, with meaningful knee. So let's talk about how that would work for different student populations.

Students apply for need based aid when they fill out, the FAFSA will receive basically an index number. It's has the initials FC. It used to stand for expected family contribution. A lot of reasons. The federal government does it use that terminology anymore, but you're fast. It generates this Pfc, so we look at the cost of attendance. Then we subtract the expected family contribution or use that index number.

To determine your demonstrated need.

So some of the examples we've worked up in the document we have for you today include a student who has an expected family contribution. That's over our cost of the tenants, while just because.

She's over costed attendance doesn't necessarily mean my nice friends and colleagues and admissions won't be reviewing that student for some academic awards. So it is very possible that that student would receive anywhere from 5000 to $26,000 an academic scholarship to pay for their.

They can also. Potentially, they're not that many of those, but we do have a number of full tuition fees, room and board scholarships, so that would cover the entire bill for a student.

Pretty competitive, but definitely an option for students, so maybe you don't qualify for need based aid, but we would still encourage you to look at Swanee because there is such a wide berth of.

Merit scholarships available.

In addition, if a student who doesn't qualify for need based aid fills out the FAFSA.

They are eligible to borrow some student love in their own name. Typically those have a lower interest rate. First year students. Domestic students can borrow up to $5500 for the year and parents can also borrow once that passes complete a parent plus loan from the federal government.

Beyond that, we also have payment plans available, so those are all options for that that family who may potentially not qualify for need based aid.

Taking a look at another family, say the family contribution is $45,000. That's lower than our fostered attendance.

But maybe the student is in Tennessee and I received a $20,000 scholarship. They're getting the hope scholarship from the state of Tennessee. Good to know you have to complete the fax up to receive the hope scholarship and you have to complete it annually. And that's a federal and state regulation. So just remember, this is something we will do all four years throughout your college career.

So once those two things are in place, because that family and I should have read this where I can see it.

That family technically would not have any remaining need after the two scholarships. That would also still be.

Eligible to borrow and the students say the parents name or use a parent plus loan.

Our example here shows you both in and out of state, mainly because every so often we still get a question about that. Tuition is the same no matter where you live. If you're from Washington state, if you're lucky. If you're from Tennessee. If you are from Spain.

You're going to be charged the same, right? So there is no out of state tuition here.

This one.

Let's talk about another option here. This family filled out the bathtub and their contribution is $12,000.

This would go through do the math. Our total cost of attendance less at $12,000 shows that this family has demonstrated needed 52 thousand 52,000.

You're going to see what admissions does as far as an academic scholarship.

Yet the student is in state we're going to use any in state money from the hope scholarship program that we can.

Then we're going to include an option for a student to do work study on campus. The student loan, and then after that, Army base scholarships of what you would call.

Well, the last dollar in that you have water, I was prepared this time just to pull it out.

But that is the way we administer Army base dollars. We do that to ensure that we can spread those dollars as far as possible for all the students who would like to attend swine.

And just so you can see the option for a student who might be Pell eligible.

This student

Same $20,000 scholarship. They get their Pell dollars. If their in state they get Tennessee money. We're going to add on the work study and loan and then that last dollar in scholarship.

Brant is going to be the need based portion, so if a student chooses to do work study and to do to take out that loan.

They would not have any out of pocket to pay the University.

All of that would be covered.

Under no circumstances are the lungs required. If you have other options to pay those. If you choose not to do work study, you can decline both of those. We would anticipate it, of course that she would like all of the gift dating your package, so we assume that those will be accepted.

Another important fact is some of our students apply for outside scholarships and maybe you could apply for something at Walmart with local Rotary Club. Trying to think of something that we were actually entering today, but.

I know I had one where student was getting $4000 for the year from an outside scholarship. Well, they can certainly use that to a place that long.

For any of our students with need based setting.

If at any point in time you're outside scholarships exceeded the loan and work amounts at that point, we might be looking at how we have to reduce some of the other grant money in your package. Alot of that has to do with federal and state laws. We have no control over that we have to follow the rules.

But we also look at that need based amount because if you brought another dollars that's covering part of your need and again we want to make sure that we can do this for all our students and we have to be good stewards of our funds.

That's really great news about all this where meaningful me. So again, loans are optional, but it is a tool that you can use to help pay for your expenses.

Most of the loan is subsidized, so that means that it is not accruing interest while you're involved. It's in Army base packages in student does not have me is an unsubsidized love. It is accruing interest while you're involved. Again, all of those are optional.

So the next case gets a little bit detail. I have a bad habit of talking about some of this, many because I want you to have the best information and I want to be as prepared as possible.

So why don't do it? Very scripted. I prefer to just kind of.

Go through this the way I know it for all these years.

That expected family contribution that index number. The nice folks at the Department of Education views.

Anything that you enter on the Fasa.

Plays pretty much into that formula.

So how do they come up with this? What's the make up?

What can I tell you that will help you understand the process moving forward?

That expected family contribution index numbers made up of four components. It is looking at two from the parents side too. From the student data that submitted.

Parent contribution from income carrot contribution from assets and then a student contribution from income and a student contribution from assets exploiting. We don't typically see much in the way of a student contribution for being found. Most of our students are very traditional. It's not like it then workforce and they're coming to Swanee with.

A $20,000 job that just had last year.

So we don't see a lot with that piece. We do sometimes see some movement there with the asset portion on the Fasa for students and for students. It's important to know that your assets are assessed at a straight 20%.

So whatever you have the day that you're completing the form, you can know that 20% of that is going to be considered as available to use towards your education.

An apparent side, it gets a lot more complicated.

So the very first thing that is asked in that section is your parents adjusted gross income.

Very simply, the higher the adjusted gross income.

The lower the students eligibility for need based aid.

The past also looks at what we call untaxed income, so your parents guessing you might have some parents here, so want to cover this and make sure that you know as well are elective contributions to our retirement accounts. Those are considered untaxed income.

Or our clergy are military. Those housing allowance is part of that is considered untaxed income, so all of that is added together to come up with a total knee.

Then the formula goes in. It gives us some offsets.

Straight from the tax return. Whatever our federal tax liability was.

Based on our wages, the Social Security tax that we pay as wage earners is deducted from that income.

In addition, is both parents work?

There's employment allowance. Logic is that ends well. Parents are out of household listen expenses associated with that.

There is also a table in the formula that looks at the state of residence. So a family who lives in Kentucky versus a family who lives in the state of New York. There will be a different state tax offset. Those things are deducted directly from the available in found.

There's also an income protection allowance, so small portion of our income is excluded in the formula, and once all of those are subtracted, it comes up with an available income.

Then it looks at our assets.

And for parents, it's a little bit different. We're going to look at the same free data elements, cash savings and checking then any other investments, not retirement accounts do not include your retirement out in the facts.

I watched over the past couple of years. It's really interesting thing that error seemed to be the same in certain years and for the past few years, what we're seeing is families are reporting the full value of their retirement account is untaxed income. So if your parents add 304 hundred, $500,000 to that section.

Like the results that will be wrong and we could fix that, but you do not include the value of retirement accounts as investments.

Then the net last pieces. Any business or farm net worth so those pieces are then assessed at a different rate than our students. Their sense of 12%. This is the real boring detail stuff, but I like for you to know those things because it doesn't necessarily mean that you don't like the number of the end, but at least you understand how it was calculated, and it also allows you to make some good financial decisions moving.

More once you're in college and for parents while you're working to ensure that she can afford to send your students college so the asset portion for the parents also has an asset protection allowance that is subtracted from the top and then our assets is it. Parents are assessed at 12%.

Once the formula calculates the available income, the asset piece those two are added together.

To come up with the total parent contribution.

In the event we have a family who is sending three students school in the exact same year that wasn't supposed to happen in my household, but I have one who did the long winding Rd through College. So instead of having spaced out a little bit, we did run into having all three involved in college at the same time.

So just to give you an example.

If my family contribution had been at $12,000 in our earlier example.

With just one student in college.

And the next year I had two in college.

That $12,000, if everything else remained exactly the same.

Would be 4000 or student one 4000 per student 2 and 4000 for student three. That would make it all.

Eligible?

If it was the reverse at that very first year, all three of them were in school.

She will then graduated the next year that 4004 thousand 4000.

Now becomes a $12,000 family contribution from my one student in that second year. That's one of the big pieces that will change on families in the new base process. And if you don't know that.

It can surprise you.

Another thing that we've witnessed over the years is a family who looks at the aid package things. Wow, this is this right? I don't make this happen.

But unbeknownst to us, plan to make it happen was to make a large withdrawal from their retirement accounts that changes the adjusted gross income the next year.

Increases the adjusted gross income from year to year. Will decrease your eligibility for need based aid.

Mentioned earlier, and just so you know.

You know everything is kind of up in the air right now. Lives in little crazy. And before all this happened, we all have lives and responsibilities outside of school outside of work.

So for students who will graduate high school in 2021 when you're completing that faster, you're using calendar year data for your taxes from 2019.

It's just an unfortunate here, and for a lot of our families.

2019 next year won't be a good representation of their true ability to pay to go to college, and that is something that all schools will be exploring.

So when you get ready to do this fast, if you're about to be a high school senior, fill the form out.

Use the 2019 information and then once you have all your data in the system you can reach out to your colleges. This is something that we are grappling with now. We have families who are ready to come to spawn in the next few weeks, but something's changed in the world and some exchanged in everyone's world. But financially, sometimes we just have to stop and reevaluate, reevaluate those things.

And ensure that our families that some other options that may not be able to fix everything that we are more than happy to explore that your other schools will be as well stupidly called an appeal of professional judgment request something of that nature that start the process. Make sure you fill out your forms and then follow up with your school. If you're in one of these situations. So just wanna make sure that you know that that is an option.

Just because the Facile will look at she passed in 19 does not necessarily mean, depending on your schools budget, in their policies, that that is what you are absolutely tide to for your freshman year in college.

Listen to a lot of details about the formula. I know that and again, it's it's been a key part where I know that if you know you can plan better so it's one of the reasons I try to cover that piece.

For our international students, anars domestic students applying for me Bay State, I want to touch on the CSS profile and just explain to you a little bit about why it is different than the Fasa one. They ask the questions little bit better sometimes. I think it's one of the reasons were able to catch that error with retirement accounts because for our domestic students the family of fill fill out that fax. I'll see this really large number and untaxed income.

And then I gotta look at the CSS profile and the exact same number is listed under retirement accounts. So there's something about the warning that really works better on this case is profile and then allows us to look at this and ensure that we're calculating your eligibility for need based funds accurately. Again, something as large as a retirement account that sometimes make you look totally ineligible for me based, and that may not be.

The other thing is very helpful for my office is we see a lot of data entry errors years ago students have to fill this out by paper shows how old I am, and now you know.

So we watched over the years where it's very easy to inadvertently add an extra 0 to the end of a families adjusted gross income that is problematic. Typically, catch that or you do.

It's not an issue. The other thing would see is great entry errors. This was a long received this past year. Family size of 13 and one in college.

Except the CSS profile told me they were only three Hassell Ann wanted college.

And CSS profile requires a family to actually listen names ahead relationship to the student and the ages. So it was very obvious that there weren't 13 people in the household and we could confirm the lighthouse hold signs to ensure that we were calculating the a correctly.

So those are two big things for us. It really helps us identify some of those errors that we see, and we do look at a couple of pieces for institutional funding that are different than the pass up.

One thing is, if a family is.

In a situation where we have a blended family and I use my lunch is an example all the time with this?

In that.

My stepchildren lived while they were going to school with their mom and ship their stepfather. My son lived in our household with his stepfather and myself.

So for my son he filled out the FAFSA using our data for my step kids. They use the other household data.

But

we had a commitment to all three children to assist with college expenses, so the contribution that we made the Child Support that we paid would have been something that's wind would have examined and used in their calculation of allocating need a safe for my children at the attendance line.

I'm perfectly fine with that because that meant that since we were already covering a portion that allowed the other institution to ensure that they use those need based dollars for another family. So we will look at a non custodial contribution for our institutional dollars that has no bearing on any federal eligibility. It's not part of the federal formula.

Let's another piece that is asked in detail on the CSS profile and one of the reasons we use it for domestic students.

Wanna give you a little bit of detail trying not to be too boring all on how the fax is actually played out and what type of questions you can anticipate. The very first part of that and a lot of this because you're doing it online. There's a lot of skip logic you're going to answer a question certain way and it will automatically eliminate this past the next questions for you. So the student says they didn't file a tax return and they had no earnings. You're not going to see a question for the student that adjusted gross income taxes.

But the very first piece is all about the demographics. What's the students name? What's their Social Security number? Looks their data birth. Where do they live? All of that information.

So make sure you know those things are odd occasion and we need your parents to assist with this. It's important they have the financial aid data without the financial data for the household.

But I've seen over the years parents, but their own data birth of their own Social Security number in the student section. So just pay attention to those things you're going to fill out the demographic info and you're going to answer some questions about eligibility.

Mostly those have to do with citizenship or a student is eligible non resident.

Or our students who were entered this world as male students. They are required to register with Selective Service. So you confirm that there, or potentially you tell the faster to go ahead and register with selective service. All of those are pieces of eligibility that suit in estimate to receive battlefunds. After you completed all of that information.

Step 2 is where it asked about the student financial.

Data, so you'll answer questions. Maybe not all of 'em about your earnings. Then your assets is the student.

Step three is going to ask you about some dependency questions. It's trying to determine if you should include around information.

So the first thing is going to ask you your data birth to ensure that you're not 24 old older than the students automatically independent. It will ask you if you are married. If your high school senior please, I don't recommend that. At this point you need to do some other things before you take that under your wing. So American student would be independent for our students, who, unfortunately, orphans there automatically independent a student who is automatically independent.

Those students would never see the parent portion of the Fasa, but there about 8 different dependency questions there till you answer those to ensure that whatever school you send that aptitude knows your dependency status.

Step 4 is going to get into the parent income and asset questions. They are very very similar, almost identical to the student section.

That's where you really need your mom, your dad, whoever's filling this out with you to have that tax information ready. As I said on the earlier session, we did I think, session two. This is the time to collect that information, but it in folder you know whatever you need to do, find a place for it, and then when these forms open for the 2021.

Wow 2020 one 22 years Taylor is shaking her head at me because it's like it just seems so awkward to say that. But for that year these forms will open up on October 1.

I highly recommend.

If you apply to Swanee wherever you fly, fill them out. On October 1 there's a reason for that, especially at this institution. Everything we do is on a cycle, and I have families who are all of a sudden asking. Was I supposed to do that again or right now we're getting ready for school. Just started for certifying loans and we are sending dated in the feds Ann.

We asked for Marley so that we can process in early, so the sooner you get that information to your schools, as soon as they will be able to assist you and alert you to what might be available for you to use to attend college.

For October 1.

Please, I did have my son trying at one point he would call me on January 1 when that was when the bass open mom. I filled it out right, awesome.

The next step on that, and then this would almost a little too hard to read.

This form is gonna ask you what small she wants. Your faster to go too. So there's just one section there. It does have a search engine so you can search for the schools and you're actually entering in their title or school code. For Smalley, this is 003534.

This information will be sharing it with you again and again between now and the very last piece of this is going to be where you, an apparent who stays on the facts and sign electronically with that FSA ID.

To make sure that you have it, you know where it is in numbers. All those good things don't share it because some of the getting here and access your data.

Sure that the parents do not help on this part and create the student ID with your own email address. I promise you it causes all manner of trouble down the road, so make sure the student creates their own SSID.

Yes.

They already talked a little bit about the profile and that would really goes into more depth. It also does something that I think will be extremely beneficial for our students next year.

There's a free form text box in that. Or you can actually tell us on the front end about any extenuating circumstances. Fasa has nothing like that. It looks at the base year, which will be 2019 for next year.

And then there's no place for you to tell me that your parents lost a job or something traumatic happened that really impacted your finances. So rather than sending out a paper institutional form, a lot of schools, a lot of your private schools are going to ask you to complete that CSS profile. So in this case, all you're going to do is send it to us as well. So that eliminates the need for you to do a separate institutional form, and we really found a lot of our students were doing these.

About four years ago, so that's why we abandoned our own institutional form and use the CSS profile.

I think I've already mentioned this, but for me I said you do apply every year. Don't forget that piece. Said I have some continuous students seem to about that right now. Tennessee, you have to complete that faster to get.

The hope scholarship, if you're not interested in any other need based dollars, you don't have to do the CSS profile. If you're not applying for need based aid. But we do need you to complete it for me based day.

Scholarships are automatically reviewed through the admissions process and getting little out of my Lane, but it's one of the questions that typically we see in this. There's a complete separation almost of this process. Merit academic awards are determined as you are evolving.

After that's done, that's where we go into these pieces where we're gonna look at your eligibility and see if we can get just, say, grants federal grant. If you're eligible for work. If you're eligible to borrow that subsidized loan and then put in our need based aid eligibility.

On payment plans wanna make sure that you know that's an option? So even a student that maybe their bill for this semester is $500.

After all, the aid was in place.

They still owe $500.

They can do a payment plan.

Five months, $100 a month. So those are all options that make affording aswani education a possibility, especially since we're meeting.

And Gaseous disappointed. I wanted him, but we have a lot of information on the website were always, always always here within remote for awhile. But we were still entered. Her emails were still responding phone calls so you can always reach us. It FINAID or finaid at swanee.edu. Our phone number 931.

5981312

wanted mission website updates for next year shortly, but we want to make sure that you have as much information I want you armed to the teeth and ready to fill out that fax in CSS profile on October 1. Happy for you guys to start the process immediately, then really assist us in getting information to you. We do not calculate those awards until you're accepted.

Admissions received why at 5000 applications this past year and they have something like 1415 people on staff. I don't. So until you're accepted, that's when we get the information to you. But certainly we want to get that out to you once you've been accepted. Once you completed all paperwork so that we can let you know.

I'm going to stop. It's a little bit earlier than I thought. I would stop, but I'm guessing there might be some questions and we have a good 20 minutes to answer anything else that might be on your mind.

Wonderful hi everyone, this is Taylor. I'm off screen. I've been blowing up the chat box.

Play some helpful resources there. Um, a lot of you who are tuning in um.

I guess I should say we're not doing it for the first time. Have heard me say that we typically have on the moderated chat, so if you type in a question you didn't see it immediately. It's sort of in Q, So will cover a few of those now. But if you have anything on your mind, like Beck said, this would be the ideal time to chat in your questions. If it's a question that seemed super personal, I might hold it and reach out to you via email or try to generalize it for the group, but chat those in if you are curious students or any parents on the call. So I do see one it seems.

Fairly straightforward, can you add more than one student on the application and assuming that so or CSS profile? Or you make two separate accounts? I'm a twin.

So as a twin, both students will need a federal student aid ID.

One parent idea sufficiently parent can use their ID to sign both and if you pay close attention really really close attention when your parents in the fastest system there is a place, it's hard to find where it says. Do you have another student that she would like to complete the fasa for this year?

And what that will do is it will pull in all the parent financial data, so that doesn't have to happen again.

But you really, really have to watch for that.

I'll tell you that every year, typically for fun, I fill out my own fascination. I remember my FSA ID. I'm not going to school or anything that I fill it out, just ensure I have somewhat of an idea of what you're completing. The challenges at this point on the independent student, I don't get these same questions and I'm not filling it out for one of my children, so I can't ever get to a place where I can see that exactly on it, but just take your time.

Watch for it and again, this is one of those times where you want to be very careful with that data entry as you go through the process.

I got fall and Charlie has a a quick question. You gotta thank you.

We like, I love the feedback. Yes, um, Charlie asked, do we apply for academic scholarship separately so I know you already mentioned that. Just wanted to look back that when you apply Charlie, so we've done lots with the common app. When you submit the. Com application, you're going to be automatically considered for all of those academic scholarships that we offer. So if you hear the term merit aid, academic aid, academic scholarships, that sort of all synonymous there, so wanted to that has been waiting so I wanted to. I don't want to keep Charlie waiting anymore.

So there's also a question about raise me scholarship opportunities and how that might play into. So I'm add living here, but I guess how does that planted overall package? So if you're participating in lies mean what you're doing is you are guaranteeing potentially a minimum dollar amount of scholarship because were meaningful need. We might see that in your face, France.

But let's say I'll use myself as an example. I just wanted by the skin of my teeth or whatever reason I had a lot of fun. My senior year. Don't do that.

I found out.

The factor academics.

And.

Probably was not necessarily going to qualify for an academic scholarship, and I've been very blessed. My family is able to pay for this, but.

There's no way I'm going to qualify for that top academic. I might be lucky if I'm gonna get a $5000 scholarship.

Through rise me.

I have an opportunity here to guarantee myself a little bit more than that by the activities of the information that you enter into rise me.

An I should know this off the top of my head, I believe that op at this point I don't know that it's changed for next year is $48,000. That's over four years. So here I am with an opportunity to share my guarantee myself. More than $5000 or potentially 0.

That incorporated within the package. It's not going to be on top of your other awards.

Remember, we're looking at meeting full need, so we're really investing a lot in our students. It is not diminish the number of academic awards that we provide Swanee

I'm trying to remember the number I wanna tell you.

We were looking at a total of approximately $16,000,000 that we have invested in the entering freshman class of institutional dollars. Wow, that includes both academic awards in the case France.

Microsoft and I just shared in the chat the link to raise me. It's not hyperlinking for for some reason, but if you just copy and paste that or search raise me in Google and I put just a couple of notes about what that is. If you're not familiar with raise me, you can check that out. Swanee utilizes raise me clearly since we're chatting about that in that financial component, but there are lots of other colleges, universities there, so similar to yeah, how you been digging around in common app rounding out your list, I would say.

Again, using your Summers wisely, see if any of those schools are on. Raise me what amount that they will cap or match up. Anan. Maybe start that conversation if you're interested.

So there's a I see one more question in the Q, and it's one that I'm going to generalize a little bit, but if a non custodial parent does not plan to or will not contribute financially, uhm, I guess just sort of what is that conversation? Look like your advice and please understand 30 years of doing this. The conversations that then buried I do not know that there's something that would surprise me at this point. In a perfect world.

Parents don't divorce their children.

Well, it's not perfect or we would not be dealing with covered at the moment of so we know that there are situations where that just might not be realistic and we do hope that both parents are willing to assist you, but we now that again not everything is going to workout. That way. We would ask the family to.

Right and documentation. You know, sometimes that comes from a third party who would confirm the information you're giving us.

Typically what we look at is, let's say my husband and then paying.

Ram numbers here so I can do this in my head. He went to paying $12,000 a year in child support.

For the time of the student is in school time. Lots of the year.

Typically, spawning would help that he would continue to provide support for his child to go to school and that he would be well into $9000 because he was already paying 12.

Students in school.

My husband said that he would do that.

We know that this happen, and well, she's not perfect, so in those instances you would reach out to us. It might be something that you included the CSS profile in that free text box to let us know at some extenuating circumstances.

Wonderful.

So I I chatted in a reminder, may be a a prod to say as we closeout there anymore questions chapters in but at the moment but I don't see any any more questions so if you have any parting words or advice.

That sounds fine. Don't assume that you do not qualify.

Remember, we talked and I know we talked about a lot. We talked about it, but there are a number of day elements on that fast.

If you really did have 13 people in your family, even if you made your family made $250,000 a year, 13 people in your family, you probably qualify for defence day. Now there's three people in the household. This is one of those things that every so often face to face in sessions, somebody at the end of it will want to raise their hand and say, well, if I make X in my going to qualify for need based aid.

The same way you guys probably are not going to sit in a room and share your test floors. Most adults are going to sit around and.

All I share it their actual income information.

A family with two parents. One student, an adjusted gross income is $300,000 a year. They probably don't qualify for DK say.

That doesn't mean as a Tennessee resident they would not get the hope scholarship. It doesn't mean that the student could borrow in their own name to alleviate some expenses. It doesn't mean that the parents can't follow through the federal student loan program to assist the student. So with so many different data elements, lad, I don't want to review 5000 thousand next year. I will if you send us, but make sure you go through the process I am.

Always, always, always concerned about the students who seemed really interested. They start the process and then they just kind of fall off the radar. We can't get them to engage with us again.

You don't know.

If this is financially viable, or if any other schools financially viable if you don't finish the process and what I refer to it as is, as I said at this rate conference table, the dining room table conversation that you'll have next spring with your family where you sit down, you look at the offer to talk about which school really really stood out and is the place that you feel you are going to thrive.

Make sure you completed the process with them, whether it's the academic awards, the need based process so that you can compare apples to apples, you know exactly what.

To expect and what your costs will be at each school. As you're making that decision.

If you don't finish the process, we can't give you any information and that's that's the piece that always worries me. If you haven't finished the process, and I worry that you didn't know what your opportunity was here.

Wonderful yeah we love the word process in in both of our offices, so clearly admission and financial aid. We work super closely. But yeah, it's a process and I could have said a couple of times more. It's one in this title.

Back through the Tiger tips, whether it was the process of gearing up for the common app or the whole application process itself, and then when you think about actually choosing and enrolling, so keep that in mind. I'm going to put the contact information back up on the screen so that has the opposite financial aid email. Obviously Beth and I are on the call, so our names you're welcome to reach out to either of us and then a reminder Tiger tip. #8 well, drop on Tuesday.

And then we will have another signing session, this time Thursday of next week. So we'll start gearing up to some more swanee specific topics. So a lot of these have been utilizing your summer and now we're going to kind of as we round out the last couple. We will really start to focus on OK if you've kind of stuck with us through through tip one through 8, then you're probably considering Swanee, we hope and so will start to give you some very specific tips on gearing up towards August 1 and then October 1.

Alright well thank you guys so much and I will see you next week.

Thanks for joining us.