GSFC is celebrating our golden anniversary. Below is a timeline highlighting 50 years of providing student financial aid and educational services for Georgians of all ages.
GAfutures.org, a free online resource helping students and their families with tools and information to plan for, apply to and pay for college, is launched.
GSFC turns 50.
Five school systems (Bulloch County, Dodge County, Douglas County, Quitman County and Rabun County) begin participation in Realizing Educational Achievement Can Happen (REACH), the state’s first public-private, needs-based mentorship and scholarship program.
Path2College 529 marketing team moves operations to offices in Tucker.
The Zell Miller Scholarship is created, covering 100 percent of tuition for graduates with a 3.7 HOPE GPA and a qualifying SAT or ACT score.
The HOPE GPA for all Georgia high school graduates is calculated for the first time by GSFC.
GAcollege411.org launched as a mentor site.
Path2College, the state’s official 529 college savings plan, is established.
In seven years, more than 500,000 students received financial assistance from HOPE, totaling nearly $1 billion in awards.
Students who lose their HOPE scholarships are given a second chance.
The first HOPE Scholarship Award is awarded to a student at Gwinnett Technical College.
Helping Outstanding Pupils Educationally (HOPE) is created.
GSFC implements the PLUS Loan Program.
Georgia General Assembly creates the Georgia Student Finance Commission to succeed the State Scholarship Commission. The Georgia Student Finance Authority (GSFA), a nonprofit public corporation of the state, is created to succeed GHEAA.
$22.5 million is guaranteed in student loans for Georgia residents, a 43 percent increase from the previous year’s total.
The Georgia Student Finance Authority Act created the Georgia Higher Education Assistance Authority (GHEAA) to administer student loans, grants and scholarship programs.
The Georgia Legislature makes GHEAC an independent agency and the Board of Directors elects Dr. Donald Payton as Executive Director and Treasurer.
The General Assembly creates the State Scholarship Commission to assist with student aid. At the same time, the Assembly creates the Georgia Higher Education Assistance Corporation (GHEAC) to guarantee student loans.