Decode Your Financial Aid Offer

Scholarships and grants are automatically accepted for you. If you have Federal Work-Study (FWS) or student loan offers, you need to accept the ones you want. Remember that loans will need to be paid back. Learn more about loans and smart borrowing here.

To accept your financial aid offers (FWS and loans):

• Log into your MyUTK account using your NetID and password.
• Click on “Continue to MyUTK.”
• Click on “Accept Award Offer” in the “My Financial Information” section.
• Select the 2024-25 aid year.
• Read and follow the on-screen instructions to view and then accept or decline your offer.

Next, make it official and confirm your enrollment! Please pay the $250 enrollment deposit by May 15, 2024. The deposit is nonrefundable and nontransferable, but will be credited toward your first semester costs. Learn more at confirm.utk.edu.

If you’re an incoming first-year or transfer student, we must receive your final high school transcript(s) by July 1, 2024. Your graduation date must be printed on your official transcript. This step does not apply to returning UT students or transfer students.

Your financial aid package and scholarships may decrease, change, or not be available if your final high school transcript(s) are not received or if there are inaccuracies.

Remember to take any standardized tests (ACT/SAT) early enough for UT to receive your scores by July 1, 2024. We need your official test scores by July 1 to confirm your financial aid eligibility. Your financial aid package and scholarships may decrease, change, or not be available if these are not received or if there are inaccuracies.

Please note: It can take up to eight weeks for test scores to be received and processed by the university. We recommend you take your final standardized test no later than May 1 to ensure UT receives and processes them by July 1.

Make UT Knoxville your first choice for the HOPE Scholarship in your TSAC portal to receive the most accurate estimate of state financial aid (HOPE, GAMS, etc.). For more information, visit the TSAC Student Portal.

An Authorized User (AU) can make payments on your account and talk to One Stop about financial aid offers, billing statements and payments, verification, and other requirements needed for payment due date. Adding an AU (parent, spouse, family, etc.) to your account can help keep you on track and successful!

UT cannot share your financial records with third parties unless you give authorization. If you don’t have an AU set up, you are the only one who can get updates and take action steps for financial aid, billing and payment, etc. Learn more here.

We recommend that you set up direct deposit for excess financial aid in your MyUTK account. This will help you receive any excess aid quickly and directly to your account. Learn more here.

Federal Work-Study (FWS) allows eligible students to earn income by working part-time. This program offers flexible work hours to fit your school and life schedule, professional development and resume-building opportunities, a connection point on campus, and additional income! 

FWS offers many on-campus and off-campus positions to fit your interests. The amount you receive is determined by your remaining need and how many hours you work. The FWS program is first-come, first-served, so accept your offer as soon as possible!

Are you interested in participating in FWS, but it wasn’t included in your financial aid offer in your MyUTK account? Contact One Stop!

Learn more here.

There are many grants and/or scholarships offered outside of the university or the federal and state government. Visit this website to learn about researching and applying for external grants and/or scholarships.

UT offers an incremental payment option called a Deferred Payment Plan (DPP). This plan requires students to pay 50% of the account balance (after financial aid has been applied) plus a $30 service charge when they enroll in the payment plan. Students must enroll and pay the 50% by the payment due date each semester. After the initial 50% payment, there will be a second and third payment installment in the following months.

Learn more about payment plans here.

We encourage you to budget based on the financial aid listed in your letter, but the following are additional options you can research. Visit our Student Loans webpage to learn more.  

First-time borrowers (for federal loans) must complete a Master Promissory Note (MPN) and Entrance Loan Counseling with the Department of Education at studentaid.gov.

If you have questions about or are considering taking out student loans, we encourage you to connect with the Center for Financial Wellness (CFW). The CFW team can provide guidance and resources to set you up for financial success!

Visit our payment and billing webpage to stay on track with all of the important dates and deadlines that impact your bill and payment due date.

Contact One Stop | 865-974-1111

The team at One Stop can answer your questions about admissions, financial aid and scholarships, registration and records, and billing and payment. One Stop staff are cross-trained and are truly a one-stop shop for your questions!

Please contact One Stop if any of the following conditions apply to you:

• Not attending the University of Tennessee, Knoxville
• Enrolled less than full-time for either term
• Attending for one term only
• A third-party (sponsor) is paying toward your tuition and fees
• You have official documentation for additional funding
• Changing your decision after you have accepted or declined the financial aid offer in MyUTK

An amazing UT resource, the Center for Financial Wellness (CFW) is here to help you pursue life-long financial health! Their team provides learning and coaching opportunities and resources to help you understand everything related to smart financial practices. If you have questions about budgeting, student loans, or finances, contact CFW at financialwellness@utk.edu or schedule an appointment at financialwellness.utk.edu.

Veterans Benefits
If you’re a veteran, you may be eligible for educational benefits through a GI Bill program! Learn more by visiting UT’s Veterans Success Center.

Explore your options, apply for benefits, and more through the US Department of Veterans Affairs.

Discounts and Waivers
If you’re employed by the state of Tennessee or UT, you may be able to take advantage of discounts and waivers. Employee fee waivers are contingent on your pay status on the first day of classes each term.

If you work for a private employer, you may be eligible for discounted tuition or reimbursement. Please contact your employer’s Human Resources office for more information. Visit our Discounts and Waiver page to learn more.

Many factors, including your residency location, go into determining eligibility for a financial aid offer. If you have questions about residency regulations, please refer to the Student Residency Classification page. Contact the residency team for help or with questions at residency@utk.edu.

Federal, state, and university regulations require students who are receiving financial aid to show progress toward completing their degree. This policy, referred to as Satisfactory Academic Progress (SAP), must include a qualitative measure, such as a cumulative GPA, and a quantitative measure, such as a maximum time frame to complete a degree. Visit our Keep Your Financial Aid webpage for more details.

Scholarships and different types of aid have different retention requirements. Please carefully review each individual type of aid and scholarship you receive to fully understand what you must do to keep your aid.