Types of Financial Aid

Financial aid helps you meet the difference between what you can reasonably be expected to pay and what it will cost you to go to college. It may be in the form of scholarships, grants, loans, work-study jobs, or a combination of any of these programs.

Grants

Grants are generally awarded based on financial need and require no repayment.

ScholarshipS

Scholarships are given to a student on the basis of academic achievement, merit, and/or financial need. Scholarships usually do not have to be repaid.

Loans

Loans must be repaid at a future date, with interest, usually following graduation or when you cease to be enrolled at least half-time. The Federal Direct Student Loans are provided by the US government directly to students and their parents.

Student Employment

The Federal Work Study Program is a form of need-based federal financial aid. The program encourages community service work and work related to the student’s course of study.

TN PRomise

The TN Promise is a Tennesse state scholarship for students directly out of high school. This provides up to 2 years tuition-free.

TN Reconnect

The TN Reconnect is a Tennessee state scholarship for adult students. This provides up to 5 years tuition-free.

Veterans Education Benefits

The Department of Veterans Affairs administers a variety of education benefit programs. Many Veterans and active duty personnel can qualify for more than one education benefits program.


Workforce Innovation and opportunity act

The Workforce Innovation and Opportunity Act (WIOA) offers several needs-based ways of paying for college. 

Vocational Rehabilitation (VR)

The Vocational Rehabilitation program offers education benefits for individuals with disabilities.