1. Financial Aid & Scholarships
M ney Matters
Financial Aid & Scholarships
Bursar’s Office
Stacey Jackson
Leanna Stephenson
Amy Mistric
Jennifer Hays

2. Today, you’ll learn: How the financial aid process works
What we expect from the students
How to use our financial aid planning tool

3. How this works Student files the FAFSA
Financial Aid Office receives FAFSA
Student send us info we request (if any)
Financial Aid Office mails first-timers award letters (revisions are ed)
Bursar’s Office sends billing statements

4. How this works
Financial Aid Office memo’s (credits) financial aid to accounts
Student accepts loans as needed
Parent applies for loans as needed
Student pays fees/sets up payment plan
Financial Aid Office disburses aid
Bursar’s Office issues refund checks
Students attend class. All of them.

5. What we expect
Let us know of significant changes in income or household size
Read and respond to
Read financial aid policies
Tell us about outside scholarships & waivers
Ask us before you drop a class

6. Fee Deadline
Every student must either make payment arrangements or have enough financial aid to cover fees by 5:00PM August 22nd.
Students who do not have arrangements by 5:00PM will be administratively dropped from their classes.

7. TouchNet Through Banner Self-Service
TouchNet offers various options for you to manage payments, refunds, deposits, authorized users etc.

8. Payment Plan
Four Part Payment Plan – each payment is ¼ of the balance due.
The first payment will be one fourth of the balance due, plus a $30 deferment fee
The 2nd, 3rd and 4th payments are due the 15th of September, October, and November
The student has to set up an authorized user if they want the parent to have access to their account

9. Authorized User
Students can set up an authorized user to view account online
Authorized Users can have access to…
Billing Statement
Account Activity
Make Payments and Deposits
View 1098T statements

10. Planning Tool COSTS Semester Year (Semester x2)
Semester
Year (Semester x2)
Estimated Tuition & Fees
Housing (living on campus)
Meal Plan
Total Estimated Billed Costs
(C1)
Housing (if not living on campus)
Food (if not living on campus)
Books
Transportation
Miscellaneous expenses
Total Non-Billable Costs
(C2)
Total Cost of Attendance
(C3)
[add C1 + C2]

11. Planning Tool FINANCIAL AID GIFT AID Semester Year Pell TSAC Grant
TSAC Grant
Tennessee Lottery Scholarship
Lottery Aspire
Lottery Merit
Total Estimated GIFT Aid
(G1)

12. Planning Tool Stafford Loans Parent PLUS Loan Total Loans
Parent PLUS Loan
Total Loans
(L1)
Total Estimated Financial Aid
(FA1)
[G1 plus L1]
Your NET Cost After Gift Aid
(NC1)
[C3 minus G1]
Your NET Cost After Gift Aid AND Loans
[C3 minus FA1]

13. Planning Tool Total Billed
BILLING
Total Billed
(C1)
Total Estimated Financial Aid, with Student Loans
(FA1)
Amount Owed to UTM
(negative number indicates a refund)
(B1) [C1 minus FA1]

14. Planning Tool PAYING YOUR BILL Amount Due Date 1ST payment (add $30)
UT Martin offers a 4-part payment plan, which includes
an additional fee of $30, included in your first payment.
Payments = B1  4
Amount
Due Date
1ST payment (add $30)
  :oo pm
2nd payment  
5:oo pm
3rd payment
5:oo pm 
4th payment

15. Book & Computer Advances
Excess Financial Aid funds can be placed on Skyhawk Card to use at UTM Bookstore and Computer Store
No interest or fees
Book Loan
Up to $750
Can obtain estimate from UTM Bookstore to increase amount
Computer Loan
Up to $1,250
Can obtain estimate from UTM Computer Store to increase amount

16. Tuition & Billing
(Current Rates: Fall 2018 rates will be released in July)
How can I tell if a class is online?
1st bill for Fall will be sent about the last week of July

17. How to Make Skyhawk Card Deposits
On the Web
Banner/Online Payments & Deposits/Deposits Tab
Bursar Office Customer Service Window
Monday thru Friday, 8:00 am – 4:45 pm (Cash or Check Only)
Valu-Ports
Paul Meek Library & the University Center (Cash only)
Funds you deposit to the Skyhawk Silver Account will carry over from semester to semester.
For details, go to

18. Veteran’s Affairs
The University of Tennessee at Martin is dedicated to assisting Veterans, Active-Duty service members, National Guard and Reservists and eligible military families in achieving their educational and professional goals.
Website:
For additional information about applying for benefits, go to:

19. Helpful info How do I buy my books?
Why is my Lottery Scholarship not on my awards?
Understanding student loans

20. Resources for you www.utm.edu/bursar for: www.utm.edu/bursarhelp for:
Tuition and Fees
Forms
Who Do We Contact
Frequently Asked Questions
for:
Tips and How to Steps
for:
Scholarships
Lottery info
Links to FAFSA, Federal Student Aid, TSAC, & more!

21. Questions

22. Contact Us Financial Aid & Scholarships 205 Administration Building
Open Mon – Fri, 8 am – 5 pm
Phone: /Fax: