$4,839

Avg. Federal Grant

$2,513

Avg. Federal Loan

$57,928,137

Total Aid Awarded

The University of Tennessee at Chattanooga (UTC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

35%

State Grant Aid

87%

Institution Grant Aid

48%

Pell Grant

35%

Average Aid Awarded

Federal Grant Aid

$4,839

State Grant Aid

$4,647

Institution Grant Aid

$3,919

Pell Grant

$4,748

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants. State grants have the highest percentage contribution of 87% with an average aid amount being $4647.

Pell grants and Federal grant have a percentage of 35% with an average aid amount of $4748 and $4839, respectively. Institutional grants have a percentage of 48% with an aid average of $3919.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,334

$30,001 - $48,000

$10,831

$48,001 - $75,000

$6,288

$75,001 - $110,000

$4,870

Over $110,000

$4,928

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $13334 while those with family income over $110,000 can expect to receive an aid amount of $4928. This helps students who are coming from low income homes to pay for their degree.

Student Loans for The University of Tennessee at Chattanooga (UTC)

Average Loan Amount Average Loan Amount received per year.

$2,875/Year

Students Taking Out Loans

95%

Loan Default Rate

7.1%

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