University Finances 101.

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Presentation transcript:

University Finances 101

Office of Financial Aid FAFSA ( Free Application for Federal Student Aid) Grants HOPE Lotter Scholarship Loans Federal Work Study Outside Scholarships Tuition Discounts

Apply with a FAFSA Student must fill out a FAFSA (Free Application for Student Aid) form each year to receive state and federal funds (including the HOPE Lottery Scholarship) at www.fafsa.ed.gov.

Follow up with Financial Aid The Department of Education randomly selects approximately 30% of all students for a process called verification.

Eagle Online is your online student account where you can do the following: Register for classes Pay your bill/confirm your enrollment Find your advisor View Financial Aid And much more! Log onto Eagle Online at www.tntech.edu/eo.

Most common types of Financial Aid Pell Grants - Free Money -Need-Based determined by FAFSA. Student Loans -Subsidized & Unsubsidized HOPE Lottery

What do I need to know about HOPE? The HOPE Lottery Scholarship has very specific requirements, and these requirements differ based upon when you first received the scholarship. Be sure that you read and understand your HOPE Terms posted to your Eagle Online account (www.tntech.edu/eo).

What types of loans are there? Subsidized Loans Need-based Government will pay interest while you are in school Unsubsidized Loans Not need-based Accumulates interest that the student is responsible for paying while in school

What is Federal Work Study? Need-based program that you apply for through the FAFSA ( Free Application for Student Aid). If you are eligible for a work study, you will be assigned an on-campus job where you will work hourly for a monthly paycheck.

Outside Scholarships Outside scholarships (private, non-TTU affiliated scholarships) are processed by the Office of Financial Aid. Send us your notification letter & check along with your full name and T#.

Coming to college means becoming a student Coming to college means becoming a student. Changing your student status and/or failing to attend class can have serious consequences on your financial aid. It can cause you to owe money back for a semester, or cause your to lose your scholarships like HOPE Lottery forever.

New to Financial Aid Website!

Office of Financial Aid Office Hours: Monday-Friday 8:00am-4:30pm financialaid@tntech.edu www.tntech.edu/financialaid www.tntech.edu/financialaid/soar

Office of Scholarships Coordinates awarding of all Tennessee Tech University Scholarships ScholarWeb is the application tool for all Tennessee Tech University Scholarships

Apply for Tech scholarships online through ScholarWeb at www. tntech Apply for Tech scholarships online through ScholarWeb at www.tntech.edu/scholarships. The priority deadline to apply for Tech scholarships each year is December 1st. Each year, Tech offers more than 600 different scholarships to 2,000+ students totaling $8 million!

University Academic Service Scholarship: The University Academic Service Scholarship (UAS) is awarded to students who completed the ScholarWeb application and is based on merit (ACT and GPA combination). Student receiving a service scholarship must complete a specific number of service hours each semester in order to maintain the scholarship. Questions? Contact the Office of Scholarships (scholarships@tntech.edu)

When can I pick up my contract? Federal Work Study and scholarship service contracts will be available August 25th. Please continue to monitor your TTU emails for notification of a time & place for pickup.

Office of Scholarships Office Hours: Monday-Friday 8:00am-4:30pm scholarships@tntech.edu www.tntech.edu/scholarships

Office of the Bursar Billing Fee payment Enrollment Confirmation Deferred Payment Plan Excess Aid/Direct Deposits Processing Refunds

What is FERPA? FERPA (Family Educational Rights and Privacy Act) prevents TTU offices from sharing information with anyone other than the student. If you wish for a relative, friend, or guardian to have access to your information, you must complete an Information Authorization Release Form in Eagle Online available at www.tntech.edu/eo.

Office of Veteran Affairs Our Director of Military and Veteran Affairs will be happy to assist those of you using V.A. benefits. Kevin Flanary Director of Military and Veteran Affairs (931) 372-3307 kflanary@tntech.edu

Office of the Bursar bursar@tntech.edu Derryberry Hall 100 Office Hours: Monday-Friday 8:00am-4:30pm Cashiers Window closes at 3:30pm. bursar@tntech.edu Derryberry Hall 100 www.tntech.edu/bursar

Top 3 Things to remember Log into Eagle Online to view your missing information and awards. Submit your Scholarweb Application Reference your Bursar’s Office Q&A Guide