Frequently Asked Questions
Students enrolled for Fall or Spring semester may request deferment of up to 50% of their fee balance (after any financial aid or fee waivers are deducted). The minimum down payment of 50% of the fee balance plus the deferred plan service fee are due by the payment due dates as outlined on the Important Financial Aid and Payment Dates. The amount deferred will be payable in two monthly installments due as is outlined on the Important Financial Aid and Payment Dates. An additional late payment charge of $25 will be assessed for each installment not paid on or before the due date. For more information you may contact the Business Office at 731-286-3310.
- You may apply for financial aid at any time; however, priority deadlines do exist depending on the type of financial aid you are seeking. March 1 is the priority deadline for scholarships and funds for which the institution has limited resources.
- The expected family contribution (EFC) is the amount your family can reasonably be expected to contribute to your education as determined by a formula developed by Congress and applied uniformly to all students.
- Students who fall under the following category must use their parents' income information: under the age of 24, unmarried, not a veteran, not an orphan or ward of the court, do not have dependents for whom they provide more than 50% of their support, and not working on a master's or doctorate program.
- For the household size, include all people that live in your household (or your parents' household, if applicable) for whom you (or your parents) provide more than half of their support and you (or your parents) will continue to provide more than half of their support for the year in which you will be attending school.
- No, renewal of financial aid is not automatic. Students must file a FAFSA each year and demonstrate satisfactory progress.