Q - What is the method by which financial assistance disbursements will be made to students and what is the frequency of those disbursements?
Original financial aid awards are based on the fall/spring academic year and the assumption that you will be full-time if you are an undergraduate student and three-quarter-time if you are a graduate student. For financial aid purposes, your enrollment status is determined as follows (excluding audit courses):
- full-time status is 12 UG credit hours or more if you are an undergraduate student and 9 GR credit hours or more if you are a graduate student
- three-quarter status is 9-11 UG credit hours if you are an undergraduate student and 6-8 GR credit hours if you are a graduate student
- half-time status is 6-8 UG credit hours if you are an undergraduate student and 5 GR credit hours if you are a graduate student
If you enroll for less than 12 credit hours as an undergraduate or less than 6 hours as a graduate student, some types of aid may be reduced or cancelled. A student’s total aid package cannot exceed their cost of attendance.
Undergraduate students who are in their final graduating term during a fall semester will have federal loans pro-rated based on their exact number of credit hours taken during that term. This is a federal requirement and could result in a larger or smaller amount of loan eligibility. It is the graduating student’s obligation to notify us if their hours change after the award has been processed.
If you drop credit hours, stop attending class, or withdraw from all classes during the semester, you may be required to repay a part (or all) of the money you received. Remember, if a student’s financial aid is adjusted for part time and the student then adjusts hours to full time, it is the student’s responsibility to contact our office for aid to be adjusted.
With rare exceptions, aid will disburse half for fall and half for spring. Students who have a complete financial aid file and credit balance due to excess financial aid can have the funds directly deposited to their bank account on or after regular Registration Day or can receive an excess aid check shortly after the term begins. Visit https://www.tntech.edu/bursar/refunds/ to sign up for Direct Deposit.