Tennessee Tech University (TTU) is committed to providing financial assistance to students who need it. The university offers a variety of financial aid programs, including grants, scholarships, loans, and work-study. In the 2021-2022 academic year, TTU awarded over $120 million in financial aid to its students.
Types of Financial Aid
There are four main types of financial aid:
- Grants: Grants are free money that does not need to be repaid. They are usually awarded based on financial need.
- Scholarships: Scholarships are also free money, but they are typically awarded based on merit, such as academic achievement or athletic ability.
- Loans: Loans are money that must be repaid. They are usually offered at low interest rates, but they can still add up over time.
- Work-study: Work-study allows students to earn money to help pay for their education. They are typically paid minimum wage and work part-time.
How to Apply for Financial Aid
To apply for financial aid, you must fill out the Free Application for Federal Student Aid (FAFSA). The FAFSA is a form that collects information about your family’s income and assets. This information is used to determine your eligibility for financial aid.
You can fill out the FAFSA online or by mail. The FAFSA is available on October 1st for the following academic year.
Deadlines
The priority deadline for the FAFSA is March 1st. However, you can still apply for financial aid after this deadline. The later you apply, the less likely you are to receive aid.
How to Choose the Right Financial Aid Program
There are a number of factors to consider when choosing a financial aid program. These factors include:
- Your financial need: How much money do you need to pay for your education?
- Your academic record: What is your GPA and ACT/SAT score?
- Your extracurricular activities: What are you involved in outside of school?
- Your career goals: What do you want to do after you graduate?
Once you have considered these factors, you can start to narrow down your choices. You should also talk to your financial aid counselor to get more information about the different programs that are available.
Paying for College
College is a major investment, but it is also one of the most important investments you can make. Financial aid can help you make college more affordable. If you are considering applying for financial aid, do your research and talk to your financial aid counselor.
Additional Resources
Tables
Table 1: Types of Financial Aid
| Type of Aid | Description |
|---|---|
| Grants | Free money that does not need to be repaid |
| Scholarships | Free money that is typically awarded based on merit |
| Loans | Money that must be repaid |
| Work-study | Allows students to earn money to help pay for their education |
Table 2: Deadlines for Financial Aid
| Deadline | Description |
|---|---|
| March 1st | Priority deadline for the FAFSA |
| June 30th | Deadline for the FAFSA |
Table 3: Factors to Consider When Choosing a Financial Aid Program
| Factor | Description |
|---|---|
| Financial need | How much money do you need to pay for your education? |
| Academic record | What is your GPA and ACT/SAT score? |
| Extracurricular activities | What are you involved in outside of school? |
| Career goals | What do you want to do after you graduate? |
Table 4: Additional Resources
| Resource | Description |
|---|---|
| Tennessee Tech University Financial Aid Office | Provides information about financial aid programs at TTU |
| Free Application for Federal Student Aid (FAFSA) | The form that you need to fill out to apply for financial aid |