Financial Aid and the FAFSA

First Step to Apply: The FAFSA

Your first step to apply for grants, federal work study, need-based scholarships, and student loans is to complete the Free Application for Federal Student Aid (FAFSA). Then UT will determine your eligibility.

You must complete and submit the FAFSA to qualify for federal student aid.

You may begin filling out the FAFSA, save it online, and return to it later.

For priority consideration for financial aid, complete and submit your FAFSA by February 15.

The information you provide on the FAFSA will be applied to a formula by the Central Processing Center, and a number will be generated.

Go to the FAFSA

The Expected Family Contribution (EFC) is in the upper right corner of the Student Aid Report (SAR). The SAR is a summary for you and your family to review and determine if the information you reported has been recorded accurately. The EFC is used to determine what type and how much aid you’re eligible for under federal guidelines.

Questions such as “Am I considered an independent student?” are addressed in the HELP section of the FAFSA website.

If you receive enough financial aid to cover your charges, you’re not eligible for the Deferred Payment Plan.

You’re required to have a Federal Student Aid PIN to sign your FAFSA electronically. Apply for your PIN at the Federal Student Aid Pin Website. UT’s Federal School Code is 003530.


Estimating Costs

Before applying for financial aid, you’ll likely want to spend some time estimating the costs of attending UT.

These costs will vary by your program and level. Visit our Cost Estimates page to learn more.

Looking for the Net Price Calculator?

What Affects Your Costs?

Here are some of the contributing factors:

  • The UT Board of Trustees sets official tuition and fee rates in June each year. New rates take effect each fall.
  • The UT administration submits tuition and fee recommendations to the board as part of the budgeting process.
  • Additional per credit hour fees may be assessed depending on what you’re studying. For instance, courses in business, engineering, and nursing have added fees.

Indirect costs also vary depending on your housing status.

Checking Your Status

You can log into MyUTK look under My Financials, and select see details next to Financial Aid Summary. If your aid isn’t applied to your account by the due date, you must enroll in a payment plan on MyUTK. Financial aid will not be applied to your account if you have a hold or a prior term balance.

Verification for Financial Assistance

Learn what you need to provide to comply with a Tennessee law requiring proof of U.S. citizenship or lawful presence if you apply for a scholarship, grant, loan, tuition or fee waiver, or other financial assistance that uses state funds.


Types of Aid

Graduate Financial Aid

Graduate students should submit a FAFSA to be eligible for financial aid including student loans and grants. If you have questions about scholarships, you should contact the department that admitted you. The Graduate Admissions website has information on fellowships and assistantships.

How Aid is Applied

Your aid may be applied toward fees and will be based on the total number of credit hours on your schedule at the close of priority registration. If you register during the final/late registration period, your financial aid is based on registered hours at the census date.

Excess financial aid is delivered to students after the beginning of each term. These funds are not available until your enrollment is verified and university fees and charges are credited or paid.

Financial assistance must be used for immediate payment of all current term fees. The deferred payment plan is not permitted when financial aid is available and covers the charges you have due.

Financial aid recipients who withdraw from UT after registration must immediately notify a One Stop counselor. Financial aid must be repaid immediately if you withdraw during the refund period.

Financial aid checks are not disbursed to any person other than the payee.


How to Keep Your Financial Aid

Find out about the requirements you need to meet to keep receiving your financial aid.

The Fine Print

To receive financial aid, all students must meet the following requirements:

      •  Be admitted into a degree-seeking program of study (Students in certificate programs may qualify for some types of aid.)
      • Be enrolled in a minimum of six credit hours each semester (Federal Pell Grant awards may be awarded for less than six hours of enrollment.)
      • Have a valid Social Security Number
      • Be a citizen of the United States or eligible non-citizen
      • Meet Satisfactory Academic Progress requirements
      • Register with Selective Service (males only)
      • Not be in default on a federal student loan or owe a repayment from a federal grant overpayment

Additional Terms and Conditions that May Apply

        • All awards are subject to change pending the availability of federal, state, and institutional funding and regulatory verification.
        • Aid offers not accepted within 21 days are subject to cancellation.
        • Cancelled aid awards will only be reinstated pending the availability of funds.
        • Offered aid is based upon full-time enrollment (Undergraduate – 12 hours, Graduate – nine hours).
        • The Tennessee Education Lottery Scholarship or HOPE Scholarship program is administered by the Tennessee Student Assistance Corporation (TSAC). TSAC determines student eligibility for the program based on the federal packaging criteria, which requires institutions to take into account all resources of assistance. HOPE recipients are responsible for being aware of all guidelines and information governing the program.
        • Students who already have a degree may qualify for limited types of student loans.
        • Aid will not be disbursed to students selected for participation in the Quality Assurance Verification Program until all document requirements are satisfied.
        • Students with federal or state drug convictions that occurred while receiving aid may be ineligible for financial aid.