Home / Financial Aid / Important Dates...
| Fall 2011 Semester |
August 22, 2011 – December 17, 2011 |
|---|---|
January 1, 2011 |
2011-2012 FAFSA available online |
May 1, 2011 |
Priority FAFSA filing deadline for Fall 2011 financial aid – www.fafsa.gov. Additional documents may be requested after FAFSA results are received. Check the requirements link in MyMocsNet to see if additional documents are needed |
July 1 |
Deadline to complete all financial aid requirements in order to have financial aid funds available by the Fall fee payment deadline of August 11, 2011 |
August 11 (Thursday) |
Deadline to pay Fall 2011 fees before class cancellation Financial aid students whose aid does not cover their entire UTC bill are responsible for either paying the balance or making arrangements for payment (installment payment plan) prior to this date |
August 15, 2011 by 5:00 PM |
Financial Aid Satisfactory Academic Progress (SAP) Appeal Deadline for Fall 2011 aid. Appeal decisions available for students on August 19, 2011 after 4:00 PM |
August 19 – 26 |
Mocs Bookstore Charge Available in $100 increments up to $700 if your total financial aid exceeds your total charges by $100 or more, |
August 31, 2011 (Wednesday) |
First Refund Checks Available |
September 1 |
2011-2012 FAFSA Filing deadline to receive the Tennessee Lottery Scholarship (TN HOPE) for the Fall 2011 semester. www.fafsa.gov |
September 4 (Sunday) |
Last day to drop a class before a W (withdrawal) is recorded |
Midnight September 4 (Sunday) |
Financial Aid Hours Locked –Aid paid based on hours enrolled in as of this date |
October 5 |
2nd fee payment due date |
October 23 (Sunday) |
Last day for official withdrawal from any class with a W |
Spring 2012 Semester |
January 9, 2012 – May 5, 2012 2011-2012 FAFSA Application (www.fafsa.gov) |
November 1, 2011 |
Deadline to complete all financial aid requirements in order to have financial aid funds available by the Spring 2012 fee payment deadline of December 16, 2011. |
December 16, 2011 |
Deadline to pay Spring 2012 fees before class cancellation Financial aid students whose aid does not cover their entire UTC bill are responsible for either paying the balance or making arrangements for payment (installment payment plan) prior to this date |
January 2, 2012 by 5:00 PM |
Financial Aid Satisfactory Academic Progress (SAP) Appeal Deadline for Spring 2012 aid. Appeal decisions available for students on January 6, 2012 after 4:00 PM |
January 6 - 13 |
Mocs Bookstore Charge Available in $100 increments up to $700 if your total financial aid exceeds your total charges by $100 or more |
January 18 (Wednesday) |
First Refund Checks Available |
January 22, 2012 |
Last day to drop a class before a W (withdrawal) is recorded |
January 22 Sunday at midnight |
Financial Aid Hours Locked – Aid paid based on hours enrolled in as of this date |
February 1, 2012 |
2011-2012 FAFSA Filing deadline to receive the Tennessee Lottery Scholarship (TN HOPE) for the Spring 2012 semester. www.fafsa.gov |
February 15, 2012 |
FAFSA filing deadline to receive Tennessee Student Assistance Award (TSAA). Funds are awarded on a first-come-first-serve basis. Due to limited funding, we encourage you to apply by February 1, 2012 |
March 11, 2012 |
Last day to withdraw online from any class with a W |
Private (Alternative) Student Loans
A non-federal education loan, through a private lender typically issued in the student's name and requiring a cosigner. Generally, alternative loans have interest rates, repayment terms, and deferment options that are substantially less favorable than those of the Direct Stafford, Perkins, Parent PLUS and Graduate/Professional PLUS Loan programs. Each lender has their individual eligibility requirements, interest rates, repayment terms and conditions. For example, some lenders require students to be enrolled at least half-time in a degree-granting program, while others will lend to students who are non-degree seeking or are enrolled less than half-time.
Private (Alternative) Education Loan Considerations
Students enrolled in a degree program at the University of Tennessee at Chattanooga should always apply for Federal Direct Student Loans and parents of dependent undergraduate students should also apply for Federal Direct Parent PLUS Loans before considering a private (alternative) education loan. It is in the student and parent's best interest to borrow the maximum amount of Federal Direct Loans for which they qualify before borrowing a private education loan. Here are some things to consider:
- Students do not have to start paying back their Federal Direct Stafford Loans until they graduate or stop attending school at least half-time. If you obtain a private loan, you will probably have to start making payments right away.
- The interest rate on a Federal Direct Stafford Loan is almost always lower than that on a private loan - and much lower than a credit card!
- The government will pay the interest while in school at least half-time for students who qualify for a Federal Direct Subsidized Loan.
- Students do not need a credit record or a co-signer to get a Federal Direct Stafford Loan.
- Federal Direct Parent PLUS Loans require a credit check but the qualifying criteria is not as strict as for private loans and, if approved, the parent can choose not to begin repaying the loan until the student graduates or is no longer enrolled at least half-time
The Private Education Loan Applicant Self-Certification Form
Students and/or parents who find they must apply for a private education loan may contact their bank, credit union or other private lending institution to ascertain if they provide private (alternative) education loans. Students may also do an internet search for "private student loans". We strongly recommend you compare interest rates, loan fees and repayment plans before applying for any loan. The Truth In Lending Act (TILA) and the Higher Education Act of 1965, as amended (HEA), require a lender to obtain a self-certification signed by the private loan applicant before disbursing a private education loan. The lender may provide the applicant the self-certification form; however, you can also obtain the form by clicking on this link, Private Education Loan Applicant Self-Certification Form. The process can take 30 days or longer. As a UTC student you can obtain the Cost of Attendance (COA) and Estimated Financial Assistance (EFA) information that you need to complete Section 2 of the form by contacting our office at 423-425-4677.
Uh-oh...I missed my mandatory Hope Session!
If you missed our mandatory Hope Sessions for Spring or have additional questions about Hope, please click here for more information.
