1. F INANCIAL A ID & S CHOLARSHIPS

2. Checklist  Complete the Free Application for Federal Student Aid (FAFSA) by February 1 each year www.fafsa.ed.gov  Check on the status of any outstanding requirements for financial aid through Banner Self-Service www.utm.edu/bss. If you have questions about an outstanding requirement contact us.  Submit requested forms (Forms can be found in Banner Self-Service or on www.utm.edu/financialaid. Requirements

3. View & Accept Awards  The student can access his/her financial aid awards through Banner Self-Service under the Financial Aid Tab.  Follow the steps to accept award by aid year.  Click the tab to accept award offer, and follow the directions.  If awarded work study you must apply and be hired for a job before you will receive any of these funds.

4. Student Employment  Federal Work Study—Federal Funds This type of employment is offered in your Financial Aid awards  Student Employment—University Funds This type of employment is not offered in your awards Both types of employment allow you to work on campus. All openings can be found at www.utm.edu/studentemployment after Aug 1.

5.  Must be paid back.  Only accept loans if you really need them.  Two disbursements  First-time Freshmen – 30 day disbursement delay.  You may accept all or part of the offered Federal Stafford Loan.  You may decline your loan(s) or leave as “offered.”  To complete the loan process, the following additional steps need to be completed: 1. Master Promissory Note 2. Entrance Loan Counseling Both can be done at www.studentloans.gov. Loans

6. Subsidized loans are offered based on need.  Student NOT responsible for interest until 6 months after the student graduates or drops below ½ time enrollment.  The federal government is paying the interest for the student.  The government limits this subsidy and student eligibility for a period not to exceed 150% of the length of the borrower’s program. For most bachelor degrees, that is equivalent to 6 years.  Repayment begins 6 months after the student graduates or drops below half-time enrollment. Unsubsidized loans are not based on need.  Student IS responsible for all interest while in school.  The federal government is not paying (subsidizing) the interest. It is accruing.  We recommend paying on the interest that is accruing while you are in school, although you may choose to defer it.  Repayment begins 6 months after the student graduates or drops below half-time enrollment. Stafford Loans: Subsidized vs. Unsubsidized

7.  To use financial aid to pay your bill, follow the steps in Banner Self-Service or the directions in your billing statement.  If financial aid does not cover all charges, the difference will need to be paid or a payment plan set up with the Bursar’s Office before classes begin. PAY WITH YOUR AID

8.  Read, sign and return the TLS Policies & Procedures Acknowledgement Form.  Be enrolled at least 6 hours per semester. Part-time enrollment will be prorated.  Maintain satisfactory academic progress AND continuous enrollment.  Have a 2.75 Lottery GPA after the first 24 credit attempted hours (1 st Benchmark)  NEVER drop a class after classes begin without talking to your Financial Aid Office first. Tennessee Lottery Scholarship

9. Other Items  Fee Waivers  Outside Scholarships  Attend Class  Maintain Satisfactory Academic Progress (SAP)

10. Visit the Financial Aid Home page to:  Check out the Parent Lifeline  Get familiar with policies and procedures such as Class Attendance and Satisfactory Academic Progress  Find scholarship opportunities on the UT Martin Scholarship Aviator  Access useful financial aid resources Federal Student Aid Information www.studentaid.ed.gov For Tennessee Lottery Information www.tn.gov/collegepays Be informed!

11. Financial Aid Office Contact us at: 205 Administration Building Office Hours 8:00 am – 5:00 pm Monday – Friday Phone: 731-881-7040 Fax:731-881-7036 faquestions@utm.edu