The University of Tennessee at Chattanooga (UTC) Financial Aid and Scholarships
Students Receiving Aid
73%
Total Aid Amount
$57.928M
Financial Aid Official Website
www.utc.edu/financial-aid/
Such schemes include Andrew D. Holt Scholarship, Chapter 105 - Memphis - Les Segar Memorial Scholarship, Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship, and Tennessee HOPE Scholarship. As many as 97% of the students at TUTC get some sort of financial aid, and the total amount of assistance/loans provided is more than $29,088,769 in a year. Notably, a total of 38% of the applicants to The University of Tennessee-Chattanooga receive the Federal Grant every year. In comparison, 96% of the students are awarded the Student Grant, 57% get the Institution Grant, and 38% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,796, and the same stands at $4,649 for State Grant awardees and $5,106 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,526. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 50% of the applicants to The University of Tennessee-Chattanooga opt for student loans.
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