All financial aid requirements must be received by July 1, 2014 in order to have financial aid funds available by the Fall fee payment deadline of August 7, 2014.
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Need Assistance Completing Your FAFSA?
UTC will be hosting to events to provide FAFSA assistance:
|Event #1: FAFSA Days||Event #2: College Goal Tennessee 2014/Engineering Your Success Conference|
|When: Thursday, January 23 and Friday, January 24, 2014||When: Saturday, January 25, 2014|
|Where: UTC Office of Financial Aid - University Center Room 201||Where: UTC University Center - 1st Floor|
|Time: 8:00 am - 5:00 pm||9:00 am - 1:00 pm|
Engineering Your Success Conference is a free half-day conference (lunch provided), providing beneficial topics on financial literacy,
choosing the right major, managing anxiety in college, social and emotional barriers to academic success, trends in college admissions
and others at this conference, as part of College Goal Tennessee, free on-site assistance to file the Free Application For Student Aid (or
FAFSA, required for all federal and state aid recipients) for high school seniors and current college student will be available. Conference
attendance is not required for FAFSA assistance. You can register for the conference at http://youngandwiser.org
The Financial Aid Office will have limited services available Monday, October 21 and Tuesday, October 22 due to system upgrade. MyMocsNet, MyMocsDegree, UTC Learn, www.utc.edu and other information services will continue to operate normally with the exception of Banner provided channels in MyMocsNet during this time.
What happens next in Financial Aid…….
Now that you have been awarded financial aid, you may be eligible to receive a bookstore credit on your Mocs Card. If you have excess financial aid after all fees are paid, then you should receive a bookstore credit in increments of $100.00 up to $700.00 depending on the amount of your refund. These funds will be deducted from your fall refund. This will be loaded onto your Mocs Card beginning August 16. You will receive an email once the credit has been loaded to your Mocs Card if you are eligible. Bookstore credits will be given through Friday, August 23.
If the Financial Aid Authorization Survey is not available on your account and you did not complete it, please contact the Bursar’s Office for completion.
Students eligible for refunds at the beginning of the term should receive a refund Wednesday, August 28. Subsequent refunds are disbursed on Wednesday and Friday afternoons. Refund checks may be direct deposited into your bank account or are available in the Bursar’s Office with a picture ID.
If you are a HOPE Scholarship recipient........
you MUST complete a 2013-2014 FAFSA (www.fafsa.gov) NO LATER THAN September 1, 2013 in order to receive Fall 2013 HOPE funds. Although the HOPE Scholarship may be showing on your account, it will not be paid to your account unless we have a 2013-2014 FAFSA on file by that deadline. If you have already completed the 2013-2014 FAFSA, but did not list UTC, go back to your FAFSA and ‘Make a Correction’ then choose the ‘School Selection’ tab. If you did not list UTC first, you must make the change through the TSAC student portal www.tn.gov/tsacstudentportal.
Important Changes in Fee Assessment and Financial Aid Awards
UTC’s fee structure has changed dramatically for the 2013-2014 year. With this change students may see a significant change in tuition and fee charges from previous years.
The Office of Financial Aid uses estimated cost of attendance figures to determine financial aid eligibility for individual students. Cost of attendance estimates include educational expenses a student will incur during an academic year, including direct costs (tuition and fees, books, supplies) and related expenses (living, transportation). Total financial aid cannot exceed estimated cost of attendance.
Initial financial aid offers are made to students based on the assumption of full-time enrollment. To provide a more accurate reflection of individual student fees, the Office of Financial Aid will replace estimated tuition and fees with actual fees on the first day of each semester, effective Fall 2013. The book and supply allowance will also be prorated for less than full-time students. Adjustments to financial aid offers will also be made at that time, if necessary.
For some students this new process will result in an increase in the student’s estimated cost of attendance, and potentially increase the student’s eligibility for financial assistance. For others, however, actual tuition and fees may be lower than initial fee estimates and could result in a reduction in the student’s financial aid offer. Students whose aid is reduced will receive notification at that time. An appeal process will be in place to allow students to notify the Office of Financial Aid of an increase in fees after the first day of classes.*
New Tennessee Law requires UTC to verify citizenship status of newly admitted & re-admitted students
The Tennessee Eligibility Verification for Entitlements Act requires Tennessee higher education institutions to verify that students seeking a state public benefit are a United States citizen or otherwise lawfully present in the United States. This law will affect students applying for admission or re-admission starting with the Spring 2013 semester. Students who choose not to complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov will be required to submit documents to UTC to confirm that they are a US citizen or are in the United States legally.
Repeating Courses Can Affect Enrollment Status for Students Receiving Financial Aid
Recent federal regulations changed the way enrollment status is calculated for undergraduate students receiving federal financial aid, effective for the Fall 2012 Semester. Federal financial aid will not pay for a class that has already been attempted twice. Exceptions are made for select classes that are designed by the University to be taken multiple times, such as music performance classes. This differs from University policy. Students whose aid is affected by this regulation will receive an email from the UTC Financial Aid Office. There is no appeal; however, if you feel that your enrollment status for financial aid is not being calculated correctly, please contact the Financial Aid Office.
Example: During Fall 2011, student enrolled in 3-hour Math 1130 and received a D. He took the same course again during Summer 2012 and receives a C. He decides to take this class again to increase his GPA, and registers for Math 1130 again during the Fall 2012 semester. Total enrollment hours are 12 hours for fall 2012, but the 3 hours from Math 1130 are not included in determining his enrollment status for federal financial aid. Federal financial aid will disburse for 9 credit hours. The same would happen if the student received a passing grade and then a failing grade.