Information on Financial Aid Awards

Congratulations on your decision to attend The University of Tennessee at Chattanooga.  Below you will find important information about being a financial aid recipient and answers to many of your questions.  Your award letter will provide you with a list of the amounts and sources of aid you are eligible to receive.

Aid is Awarded Based on Full Time Enrollment:

Enrollment status for financial aid purposes is determined on the last day to add classes for the semester and eligibility is adjusted accordingly.  Aid is awarded for the academic year, half for fall and half for spring.

Review Your Aid Through Your MyMocsNet Account:

Student Loan and Work Study offers must be accepted or declined through MyMocsNet.  You have 30 days to accept Perkins Loans and Work Study through your MyMocsNet account before these offers will be cancelled.  Student loans may be accepted in partial amounts; however, the amount you accept will be disbursed in two amounts, half for fall and half for the spring semester.  You must let the Financial Aid Office know of any aid you are receiving that is not listed on the award letter.  Aid you receive from outside sources may result in a reduction or cancellation of the aid listed on your award letter.

Follow These Steps to Accept a Direct Loan

1. Accept Direct Loans Through MyMocsNet

  • Log Into MyMocsNet with your UTC ID and Password
  • Click on the "Money" Tab
  • Click on "Financial Aid Award Menu"
  • Click on "My Award Information" and then on "Award for Aid Year"
    • Accept the Direct Subsidized and/or Unsubsidized Loan Amount you wish to receive
      • You may accept less than what is offered
2. Go to
  • Sign in with your FAFSA ID and complete:
    • Direct Loan Entrance Counseling
    • Direct Loan Master Promissory Note (MPN)
      • Sign electronically

Complete a Financial Aid Authorization
In order for financial aid to pay for charges other than fees and housing, a Financial Aid Authorization must be completed.

  • Log Into MyMocsNet with your UTC ID and password

  • Click on the "Money" tab

  • Select "Financial Aid Authorization Survey"

    • Financial Aid Authorization will be one of the survey options

We must first determine if you have financial need, which is calculated using the following formula:

Cost of Attendance - Expected Family Contribution (EFC*) = Financial Need

*Calculated based on the FAFSA information submitted

Cost of attendance (COA) is an estimate of the educational expenses a student may incur during and academic year.  This includes additional expenses not billed by UTC.  To see an estimate of one semesters cost at UTC, please use our Tuition Estimator.   The Estimated Cost of Attendance for full time UTC Students includes expenses for direct costs (tuition, fees, books, supplies) and related expenses (living, transportation).   If enrolled less than full time, the estimated book allowance will be prorated.  The estimated tuition and fee component in your cost of attendance will be replaced with your actual fees on the first day of each semester.  Disbursed grants and HOPE Scholarship will be prorated based on your enrollment status on the last day to add classes each semester.  Total financial aid cannot exceed estimated cost of attendance.

By accepting Financial Aid, you are acknowledging acceptance of tuition and fee charges assessed upon registration in UTC classes.  If you decide not to enroll at UTC, you must withdraw form ALL courses before the first day of classes to avoid any fee-related charges.  If your financial aid does not cover your entire UTC bill, you are responsible for either paying the balance or making arrangements for payment (Tuition Installment Plan) through your MyMocsNet account prior to the fee payment deadline published in the academic calendar.  Your classes will be cancelled if you have not paid in full or have not made arrangements to pay by the fee payment deadline.

Financial Aid is first applied to tuition, fees, housing and dining charges.  If you have a credit balance after these charges are paid, you may charge books in the UTC Bookstore during the first week of classes (based on your available credit, up to a maximum of $700).  If your financial aid still exceeds your UTC charges after actual bookstore charges, you will receive a refund.  Student eligible for refunds at the beginning of the term should receive a refund during the second week of classes.  Subsequent refunds are disbursed on Wednesday and Friday afternoons.  Refund checks may be direct deposited or are available in the Bursar's Office with your UTC ID.

  1. Consider paying the balance in installments via the Tuition Installment Plan.
  2. View the Institutional and Outside Scholarships Available.
  3. Parent PLUS Loans are credit-based federal loans borrowed in the parent's name for dependent undergraduate students.  A separate application is required for PLUS Loans.
  4. If you have financial need, consider completing the Request for Supplemental Funds Form.
  5. If additional aid is still needed, credit based Private Loans are available to qualified students.

What do I need to do to qualify?

  1. The Fall Semester FASFA completion deadline for HOPE is September 1 and the Spring/Summer deadline is February 1.
  2. Your FAFSA must list UTC's school code (003529) first in the FAFSA school section.  If UTC is not listed first you must make this change by logging into TSAC's Student Portal.
  3. The Admissions Office must have a final high school transcript on file.  The final transcript must verify minimum 3.0 high school GPA or a 21 ACT (980 SAT).
  4. The Admissions Office needs all prior college transcripts.  If you want HOPE only and do not wish to receive any other aid, please notify the Financial Aid and Scholarship Office at from your UTC email account.


Avoid forfeiture of your HOPE Scholarship: HOPE recipients must remain full time if they start the semester full time.  Dropping below full time or withdrawing without prior approval from the Scholarship Coordinator will result in permanent loss of the HOPE Scholarship.  Students must be enrolled at least six credit hours to receive the HOPE Scholarship.  Award amounts will be prorated for less than full time enrollment. 

Loan Requirements

  1. You must be enrolled at least half-time to qualify for a student loan. 
  2. The Free Application for Federal Student Aid (FAFSA) must be completed at and all required financial aid documents must be on file in the UTC Financial Aid Office.
  3. Students must adhere to all UTC enrollment and Satisfactory Academic Progress standards.
  4. An EXIT Loan Counseling must be completed at when you graduate or each time you are no longer enrolled at least half time.
  5. Loans are generally repaid in 10-25 years depending on the repayment plan chosen.
  6. If your graduation date changes, you must notify the Financial Aid Office so that your Financial Aid can be awarded for the following semester.
  7. You must be fully admitted in a degree-seeking program. 

The Effects of Long Term Borrowing:

Managing Your Loans

  • How much have I borrowed? Log in to to see your student loan history.  You will need your FAFSA PIN to log in.
  • Do you have student loans with more than one lender? If yes, you may want to consider loan consolidation.
  • Information regarding loan forgiveness, cancellation or discharge, is available on the Department of Education's website.

Repaying your federal student loans - When it comes to repaying your student loans, you can choose from several repayment methods. If you fail to notify your loan servicer (company that handles the billing and other services for the Direct Loan Program and Federal Family Educational Loan Program), you will automatically be enrolled in the Standard Repayment Plan.  Under the Standard Repayment Plan, you will pay the same monthly payment for 120 months (10 years).  For more information on how to repay and where to repay your federal loans, please visit the Federal Student Aid website.  To estimate your monthly payment, use the Repayment Estimator.

Federal Loan Options:

Direct Subsidized and Unsubsidized Loans

Direct Subsidized and/or Unsubsidized loans are offered up to maximum eligibility for student’s grade level as determined by the Records and Registration Office. The UTC Financial Aid Notification will be sent to the student’s UTC e-mail account.   Students may then access their financial aid award in MyMocsNetStudents must accept, reduce or decline the loans through their MyMocsNet account.  Students borrowing Direct Loans for the first time at UTC must complete Entrance Loan Counseling and a Master Promissory Note (MPN) prior to receiving their first loan disbursement at UTC.

The Direct Subsidized and Unsubsidized Loans have origination fees (loan fees) that are deducted proportionately from each loan disbursement the student receives.  This means the money you receive will be less than the amount you actually borrow.  The student is responsible for repaying the entire amount borrowed and not just the amount received.  Graduate students are not eligible to receive Direct Subsidized Loans.

Low interest student loans available to degree-seeking undergraduate college students to assist with educational cost.

The government pays the interest as long as the student is enrolled in a degree-seeking program and enrolled half-time (six credit hours).  The interest accrues immediately once the student graduates, drops below half-time enrollment or is no longer enrolled.

Repayment begins: six months after the student graduates, drops below half-time enrollment, or is no longer enrolled. There is no penalty for pre-payment.

Low interest student loans available to degree-seeking undergraduate and graduate college students to assist with educational cost.  

Interest begins accruing immediately following disbursement (while the student is in school).  Students are strongly encouraged to pay their interest while enrolled so that they do not end up paying interest on top of interest.

Repayment begins: six months after the student graduates, drops below half-time enrollment, or is no longer enrolled. There is no penalty for pre-payment.

Other Federal Loan Options:

Direct Parent PLUS Loans

Direct PLUS loans enable the parents of dependent undergraduate students, and independent graduate students, with good credit histories to borrow up to the student’s cost of attendance, less any other aid received.   

Students must adhere to all UTC enrollment and Satisfactory Academic Progress standards in order for their parent to be eligible for PLUS loan proceeds.

Federal Perkins Loan

 This federal loan program is awarded by UTC on a first come first served basis. Priority is given to junior and senior undergraduate students (60 or more earned hours) and non-resident freshmen and sophomores. Graduate students may also qualify for this loan. Students must have exceptional financial need and be meeting Satisfactory Academic Progress requirements, including a minimum 2.0 cumulative GPA.

Other Loan Options:

Private (Alternative) Loans 

Students who need additional funds beyond what they qualify for in federal student aid (including Federal Direct Loans) or federal aid options have been exhausted may wish to apply for a private (alternative) education loan. Students should exhaust federal loan options first before considering a private loan.

If you determine that you need a private education loan to help pay for your education expenses, you should carefully research and compare the options available from different lenders and select the lender that best suits your needs.

Generally a private education loan will not be certified for any student who has remaining federal student loan eligibility (Perkins, Subsidized, Unsubsidized or Graduate PLUS). For more information about private education loans or to set up a time to meet with a financial aid counselor, please call the Office of Student Financial Aid at (423)425-4677.

Federal Work Study is awarded on a first-come first-served basis to undergraduate students with financial need. Students must accept their work study award online within 30 days of the award to be eligible for placement.

  • Work Study is paid biweekly for hours worked

Federal regulations require evaluation of Financial Aid Satisfactory Academic Progress (SAP) for Federal Financial Aid applicants.  You must earn (pass) a cumulative 67% of college credit hours attempted and maintain a cumulative 2.0 UTC GPA to remain eligible for financial aid.  You may receive financial aid until you have attempted 150% of the published hours required for your major.  If you exceed 225 cumulative (including transfer) undergraduate attempted hours you are not eligible to receive financial aid or appeal your status.  For more information, please see the complete UTC Financial Aid Satisfactory Academic Progress Policy, plus procedures and deadlines to appeal the suspension of aid.

Financial aid recipients who officially withdraw from UTC or stop attending all classes may owe money back to financial aid programs and are encouraged to consult with financial aid staff about the financial implications of withdrawing from UTC classes.