Student Financial Aid
The University of Tennessee at Chattanooga offers a comprehensive program of student financial assistance. Through federal, state, and University financial programs a student may receive one or more different types of assistance to cover educational costs.
There are four basic types of financial aid for UTC students: scholarships, grants, loans, and part-time employment. These are awarded individually or in combination, depending on the student’s financial need.
Financial need is the difference between the student’s cost of attendance at the University and the family’s computed contribution to that cost. To assist in determining the student’s financial need, the University uses the needs analysis system of the U.S. Department of Education. Through the use of the Free Application for Federal Student Aid (FAFSA), the Financial Aid Office determines the amount the student and the student’s family can be expected to contribute toward meeting educational expenses. A student’s financial need is then met with the various types of financial aid. The Free Application for Federal Student Aid is available in the UTC Financial Aid Office or a high school’s guidance counselor’s office. UTC encourages students to complete the Free Application for Federal Student Aid form online at www.fafsa.ed.gov.
Tennessee Lottery Scholarships
Tennessee residents who graduated from a Tennessee high school in 2003 or after may qualify for Tennessee Lottery Scholarship funds. These funds are administered by the Tennessee Student Assistance Corporation (TSAC), and awards generally range from $3,000 to $4,000 per year. Students should check with the Financial Aid Office to receive the most up to date information as these scholarships are subject to annual changes. For the 2005-2006 academic year, the application of Lottery Scholarship funds is the Free Application for Federal Student Aid (FAFSA), and TSAC has published a priority application deadline of May 1, 2005.
Scholarships
The University of Tennessee at Chattanooga scholarship program for new and currently enrolled students is made possible through funds provided by the University, outside foundations, estates, private businesses, civic groups, individuals, and alumni.
Most scholarships are awarded to students who demonstrate strong academic achievement and proven need for financial assistance. There is, however, a number of scholarships based solely on academic achievement. Unless otherwise stated, to compete for any scholarship a student currently enrolled at UTC or a transfer student must submit a UTC Application for Scholarship. First-time freshmen may apply via the Application for Undergraduate Admissions and Academic Scholarships.
The Financial Aid Office must receive the UTC Application for Scholarship by March 1.
University Honors Program Scholars
Each year up to 20 outstanding freshmen entering the University Honors Program are selected to receive four-year scholarships, covering the cost of tuition, fees, books and a large portion of campus housing. The selection of these scholars, based on their attributes of scholarship, service, and leadership, is made by the faculty and staff of the University Honors Program in consultation with the Office of Financial Aid. Applicants must file both a regular application for admission to the University and a special application for admission to the UHON Program by February 1 of the applicant’s senior year in high school.
The following endowed funds support the program:
William E. Brock Jr. Scholarship: Established in 1979 by University of Chattanooga Foundation in honor of William J. Brock Jr., a longtime member of the UC Board of Trustees.
Paul Koblentz Memorial Scholarship: Established in 1990 through a bequest from Abe J. Koblentz as a memorial to his deceased son, in order to provide scholarships for deserving students.
Dorothea Woods Obear Scholarship: Established in 1990 by Chancellor Frederick Obear in memory of his mother who had a strong interest in the University and its honors programs. The scholarship goes to a student in the University Honors Program.
Vasconez & Donovan Scholarship: Established in 1994 by James M. Donovan, a UTC Brock Scholar graduate of the Class of 1977. The scholarship, in memory of his partner Jorge Vasconez, is for students in the University Honors Program.
Roberta M. “Bobbie” Yates Scholarship: Established in 1998 from the estate of her husband, Arthur E. Yates, an alumnus of UT and president of the Yates Bleachery Company of Flintstone, Ga., for University Honors students with financial need.
Chancellor’s and Provost’s Scholars
First-time freshmen who present certain minimum high school grade point averages and ACT or SAT scores are eligible for scholarship considerations. Scholarships are renewed for up to four years based on the student’s academic performance and the funds available. Approximately 130 awards are available each year in the Chancellor’s and Provost’s Scholars programs combined. Recipients are determined by the UTC Scholarships Committee.
Chancellor’s Scholars
First-time freshmen who are admitted by February 1 with a 3.75 GPA and a 30 ACT (1320 on SAT) will be considered for Chancellor’s Scholarships, an annually renewable award of $3,000, and $3,000 to $4,000 of Tennessee Lottery Scholarship funds may be added to this amount. Out-of-state students will qualify for different stipend amounts.
