Types of Aid

Tennessee Education Lottery Scholarship

If you are currently receiving a Lottery Scholarship for Spring 2022, you may be eligible to receive a Summer scholarship. The scholarship will not be awarded for Summer until after Spring 2022 grades are posted and continuing eligibility for the scholarship can be confirmed.

  • Summer Lottery awards will be awarded beginning May 11, 2022, at noon.
  • Since the majority of undergraduate students are enrolled half-time (6-8 credit hours), the Lottery Scholarship will be awarded based on half-time award amounts. If you are enrolled in 9+ credit hours, your award will be manually increased. Please allow a week after you enroll for your award amount to be increased. If you are enrolled in less than 6 credit hours, you are not eligible to receive the scholarship.
  • If you are transferring to MTSU this Summer and believe that you should qualify for a Lottery Scholarship, you must submit a Summer Lottery Transfer Notification Form. The Lottery Scholarship will not be automatically awarded.  There is a limited timeframe in which summer Lottery payments can be processed.  The Summer Lottery Transfer Notification Form must be submitted by June 17, 2022 to allow to for processing and payment.  If you submit this form before June 17, 2022 and have not been awarded the Lottery Scholarship by June 30, 2022, please contact the MT One Stop immediately.
  • You should be registered for all Summer courses by June 17, 2022 to receive your maximum award.
  • If you register for a class or submit the Summer Lottery Transfer Notification Form after June 17, 2022, there is no guarantee that you will receive a Lottery Scholarship for the Summer term.
  • Dropping Classes: Your scholarship may be adjusted based on the number of hours enrolled in eligible courses as of the census date of July 8, 2022. If you drop classes or you never attended / stopped attending classes on or before July 8, 2022, your scholarship may be cancelled or reduced. You will be required to repay these funds to the MTSU Business Office.
  • After the census date of July 8, 2022, dropping classes may result in a permanent loss of your scholarship.
  • Visit the Lottery website for more information about Lottery eligibility for Summer 2022.
  • Click PipelineMT Instructions for step-by-step directions on how to view your awards in PipelineMT.

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Federal Pell Grant

  • Year-round Pell allows you to receive up to 150 percent of a regular grant award over the course of the academic year.  Summer Pell awards are based on the 2021-2022 FAFSA.
  • If eligible, the grant will be automatically awarded after you register for Summer classes. You must be enrolled half-time (6-8 eligible hours) to qualify for the additional award amount. The only time you can receive a Pell grant for 1-5 eligible hours is if you did not receive a full-time award during the Fall and/or Spring semesters.
  • Adding / Dropping Classes / Changing Program of Study: Your Pell award will be adjusted daily.  Your final award will be based on the number of hours enrolled in eligible courses as of the census date of July 8, 2022. If you drop classes, never attended / stopped attending classes, or change your program of study and your courses no longer apply towards your degree on or before July 8, 2022, your Pell award may be cancelled or reduced. You will be required to repay these funds to the MTSU Business
  • Click PipelineMT Instructions for step-by-step directions on how to view your awards in PipelineMT.

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Federal Direct Stafford Loan

  • Must submit a Summer 2022 Loan Request for Undergraduates or Teacher Certification or Summer 2022 Loan Request for Graduate Student.
  • Loans will not be processed until you are enrolled at least half-time (6 undergraduate or 5 graduate eligible hours).
  • You must have remaining loan eligibility for the academic year. Your annual loan limit was based on your grade level during the Fall and/or Spring semesters. If your grade level will change from Freshman to Sophomore or Sophomore to Junior after Spring 2022 grades are posted, you may apply for the additional loan amount(s) for summer. Refer to the table and examples below regarding loan eligibility for the Summer.
  • You must not have reached the annual or aggregate loan limits established by the U.S. Department of Education.
  • Typically, if eligible, loans will be reflected on PipelineMT within 1-2 weeks after you submit the Summer 2022 Loan Request Sheet AND are registered at least half-time.
  • You will be notified of the award decision via email.

Loan Table and Examples

Use this table to determine if you borrowed your annual limit. Take the yearly maximum loan amount for your class level and subtract any loan amounts borrowed for Fall 2021 and/or Spring 2022.

Federal Direct Loan Eligibility

Class Level

Yearly Maximum Available for Loans

 

Additional Unsubsidized
(Independent or dependent with PLUS denial)

Freshman (0-29 hours)

$ 5,500 (No more than 3,500 in subsidized)

$ 4,000

Sophomore (30-59 hours)

$ 6,500 (No more than 4,500 in subsidized)

$ 4,000

Junior (60-89 hours)

$ 7,500 (No more than 5,500 in subsidized)

$ 5,000

Senior (90 or more hours)

$ 7,500 (No more than 5,500 in subsidized)

$ 5,000

Graduate

$ 20,500 (Unsubsidized only)

 

Federal Direct Maximum Aggregate Limits

Dependent undergraduate

  $  31,000   (no more than $23,000 of which can be subsidized)

Independent undergraduate

  $  57,500   (no more than $23,000 of which can be subsidized)

Graduate

  $138,500   (includes amounts borrowed as an undergraduate)

 

Example 1

Sally is a dependent sophomore and is eligible for $6,500 in Stafford Loan funds for the academic year. Sally received $3,250 in the Fall and $3,250 in the Spring. She has no remaining loan eligibility for Summer (she did not change grade levels and become a junior).

Example 2

Wanda is a dependent sophomore and is eligible for $6,500 in Stafford Loan funds for the academic year. Wanda received $2,250 in the Fall and $2,250 in the Spring. Wanda will have $2,000 remaining loan eligibility for Summer.

Example 3

Ricky is a dependent sophomore and is eligible for $6,500 in Stafford Loan funds for the academic year. He received $3,250 in the Fall and $3,250 in the Spring. After Spring grades are posted, he becomes a junior. His annual loan amount increases to $7,500. He has $1,000 of remaining eligibility for Summer.

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Federal Direct Parent PLUS Loans

For dependent students who may not have enough financial aid to cover summer expenses, parents may apply for a parent loan by completing an online application at https://studentaid.gov  For more information, refer to the Federal Parent PLUS Loan Instructions.

  • The amount of the loan may not exceed the financial aid budget minus other financial aid the student will receive.
  • A parent is eligible to apply if he or she is:
    • The natural parent or adoptive parent of an eligible dependent, undergraduate student.
    • A stepparent may apply for a Parent PLUS loan if the stepparent’s income and assets are considered on the FAFSA of an eligible dependent, undergraduate student.
    • A U.S. citizen, U.S. national, or eligible non-citizen.
    • Not in default on any Title IV loan program.
    • An applicant with a good credit history. Any adverse credit may cause the application to be denied. The Department of Education determines if the parent meets this requirement.
  • The student for whom the parent is borrowing must be:
    • A dependent student (as defined by the FAFSA).
    • Enrolled at least half-time (6 undergraduate eligible hours).
    • Maintaining Satisfactory Academic Progress (SAP).
  • If the Parent PLUS Loan is denied due to adverse credit, the student may be eligible for an additional Federal Direct Unsubsidized Loan. If a previous Parent PLUS Loan was denied during the Fall and/or Spring semesters, the denial is still valid for Summer. Please refer to the Loan table above for annual limits. To apply for an additional Federal Direct Unsubsidized Loan, submit a Summer 2022 Loan Request for Undergraduates or Teacher Certification.
  • Typically, this loan will be reflected on PipelineMT within 1-2 weeks after MTSU receives your online request AND the student is registered at least half-time in eligible coursework.
  • You will be notified of the award decision via email.

Federal Direct PLUS Loan for Graduate Students

Graduate students needing additional funding may be eligible for a Federal Direct PLUS Loan for Graduate Students. It is recommended that you borrow through the Federal Direct Unsubsidized Loan program before applying for a Graduate PLUS Loan. To apply, complete the online application at https://studentaid.gov.

  • The student must be a U.S. citizen, U.S. national, or eligible non-citizen, not in default on any Title IV loan program, and have a good credit.
  • The amount of the loan may not exceed the financial aid budget minus other financial aid.
  • Typically, this loan will be reflected on PipelineMT within 1-2 weeks after MTSU receives your online request AND you are registered at least half-time (5 graduate eligible hours).
  • You will be notified of the award decision via email.

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Private Loans

Additional aid may be obtained through a private educational loan program. In most cases, the lender will require the school to certify school information (e.g., Financial Aid Budget and other financial aid questions).

PipelineMT Instructions


 

To view your Awards:

  • Login to PipelineMT
  • Click on Financial Aid in the left menu
  • Select the Awards / Terms & Conditions icon to the right
  • Select Award for Aid Year
  • Select the 2021-2022 Financial Aid Year and Submit
  • Click the Award Overview tab

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