Graduate Student Aid
Direct Graduate PLUS loans enable independent graduate students, with good credit histories to borrow up to cost of attendance, less any other aid received. Financial Aid for graduate students is typically limited to departmental scholarships and student loans.
- If you are starting your graduate program in the 2013 summer term, please be aware that UTC's financial aid awarding process follows a fall-spring-summer schedule. This means that you will need to complete the 2012-13 FASFA for the 2013 summer term as well as the 2013-14 FAFSA for the following terms (Fall 2013, Spring 2014, and Summer 2014). Please review our Important Dates webpage.
- Graduate students are not eligible for Federal Pell Grant or other federal and state grants with the exception of the TEACH Grant.
- Click here if you are enrolled in a Teacher Certification Program at UTC.
- It is recommended that you contact the Graduate School or your individual department regarding scholarships.
- Only degree-seeking graduate students, as named by the Graduate School, and those enrolled in at least half time are eligible for federal Stafford loans. Below is specific information regarding the Stafford loan process at UTC.
- Conditional students enrolled at least half time as degree seeking are not eligible for federal Stafford loans.
- Students applying for Federal Stafford Loans must first complete the FAFSA. Other documents may be requested once the FAFSA data is received by the UTC Financial Aid Office. Check your MocsNet account frequently for requested documents.
- Once a file is complete, the typical processing time in the UTC Financial Aid Office is 4-6 weeks, although it may be increased to 8-12 weeks during peak processing times.
- Graduate students will automatically be awarded their maximum loan amounts based on cost of attendance and outside resources.
Federal Direct Stafford Loan Procedures
- Students applying for Federal Stafford Loans must first complete the FAFSA. Other documents may be requested once the FAFSA data is received by the UTC Financial Aid Office. Check your MyMocsNet account frequently for requested documents.
- Once your file is complete, the typical processing time in the UTC Financial Aid Office is 4-6 weeks, although it may be increased to 8-12 weeks during peak processing times.
- Graduate students will automatically be offered their maximum Direct Stafford loan amounts based on cost of attendance and outside resources. Full or partial loan amounts can be accepted in your MyMocsNet account.
- Students borrowing Federal Direct Stafford Loans for the first time at UTC must complete Entrance Loan Counseling and a Master Promissory Note prior to receiving their first loan disbursement.
- An Exit Loan Counseling must be completed at www.studentloans.gov each time you graduate or you are no longer enrolled at least half time.
Federal Direct Stafford Loan Limits
Beginning Fall 2007, annual loan limits are:
- $20,500 for graduate and professional students. Beginning 2012-2013, graduate and professional students are eligible to receive unsubsidized loans only.
- $138,500 for graduate and professional students (including undergraduate borrowing)
Direct Graduate PLUS Loans - please note the following:
- The student must be fully admitted to the Graduate School at UTC and enrolled in at least half time.
- Undergraduate students taking graduate level classes are not eligible.
- The student must complete the FAFSA and all other financial aid requirements.
- The student must accept the maximum eligibility of $20,500 under the Federal Direct Stafford Loan Program for the CURRENT aid year. Typically, in-state graduate students will not be eligible for the Graduate PLUS Loan until (possibly) summer due to UTC's low cost of attendance and, therefore, the student's inability to accept the full $20,500.
- 7.9% fixed interest rate for all loans disbursed between July 1, 2012 and June 30, 2013.
- These loans require a borrower credit check and in some cases, a co-signor.
- These students need not submit the PLUS Information Form to UTC.
- Students must adhere to all UTC enrollment and Satisfactory Academic Progress standards in order to be eligible for PLUS loan proceeds.
The repayment period for a Direct Graduate PLUS Loan begins at the time the loan is fully disbursed, and the first payment is due within 60 days after the final disbursement. However, your may defer repayment while you are enrolled at least half-time.
Direct Graduate PLUS Loan Procedures:
- The student must complete the FAFSA and all other financial aid requirements. If you are starting your graduate program in the 2013 summer term, please be aware that UTC's financial aid awarding process follows a fall-spring-summer schedule. This means that you will need to complete the 2012-13 FASFA for the 2013 summer term as well as the 2013-14 FAFSA for the following terms (Fall 2013, Spring 2014, and Summer 2014).
- The independent graduate student applies for the PLUS loan completing the online application with the Department of Education at www.studentloans.gov.
- If pre-approved, the borrower must complete a Master Promissory Note.
- The Department of Education electronically transmits the approval or denial to the UTC Financial Aid Office within 72 hours.
- The approval is certified by UTC. Denial processing is not available for independent graduate students. Allow a minimum of 5 business days for internal processing.
- Funds are released electronically by the Department of Education typically within 7 days of the certification, provided the Department of Education has received all relevant documentation from the borrower.
- All Graduate PLUS Loan borrowers must complete Graduate PLUS Entrance Loan Counseling. No Graduate PLUS Loan funds can be released to the student until these requirements have been completed.
- A Graduate PLUS EXIT Loan Counseling must be completed once the student graduates or each time the student drops below half time or is no longer enrolled at least half time.
Graduate Assistant Positions
UTC has numerous Graduate Assistant (GA) positions available in various campus departments. The Office of Financial Aid currently has one Graduate Assistant position in its department. This position is great for graduate students interested in accounting, student services and enrollment management. Click here to learn more about this position.
Currently this position is ✔filled ❍ open – to apply, please submit a cover letter and resume to:
The UTC Office of Financial Aid, 615 McCallie Avenue, University Center Room 201, Chattanooga, TN 37403 Phone: 423-425-4677 Fax: 423-425-2292