Financial Aid

Financial Aid funds are automatically applied to your institutional charges. Any
remaining balance is given to the student to use for their needed educational purposes.
You must complete the “Authorization to Credit Accounts” form (only required once)
before we can disburse your financial aid. Remember, you must be enrolled in at least
six credits to receive any loan funds.

It generally takes three to six weeks to complete the full financial aid process. Check
your MyUT account to follow your FAFSA progress. If you are selected for verification,
you will be required to submit additional documentation before we can complete your
financial aid file. We send your award notification to your student email account. Please check
this account frequently.

You are required to provide your parent’s information until you meet the Department of Educations criteria to become independent. You must be able to answer ‘Yes” and provide documentable proof to one of the following questions to be deemed independent from your parents:

•   24 Years of age (born before January 1, 2001 for the 2024-25 award year)
•   Married as of the date you first began to fill out the FAFSA
•   At the beginning of the 2024-25 school year, you will be working on a master’s, doctorate or graduate certificate program (MA, MBA, MD, JD, PhD, EdD, etc.)
•   Currently serving on active duty in the US Armed Forces for purposes other than training
•   Veteran of the US Armed Forces
•   Have children or other people (excluding spouse) who live with you and receive more than half of their support from you now and between July1, 2024 and June 30, 2025
•   At any time since you turned 13, you were an orphan (no living biological or adoptive parent)
•   At any time since you turned 13, you were a Ward of the court
•   At any time since you turned 13, you were in foster care
•   You were legally a n emancipated minor, as determined by a court in your home state of residence (before you turned 18 years of age)
•   You were in a legal guardianship with someone other than your parents or stepparent as determined by a court in your home state of residence (before you turned 18 years of age)
•   At any time on or after July 1, 2023, you were deemed homeless or self-supporting and at risk of being homeless. If you answer yes, you must have documentation from one of the following:
•    Director or designee of an emergency or transitional shelter, street outreach program, homeless youth drop-in center, or other program serving those experiencing homelessness
•    High school or school district homeless liaison or designee
•    Director or designee of project supported by a federal TRiO or GEAR UP program grant
•    Financial aid administrator

Federal Pell grants pay according to your enrolled credit hours. To receive your full award, you must be enrolled for 12 or more credits each semester. Every credit you attend below 12, your Pell grant will be adjusted (lowered). When we set our Pell grant census, (see semester academic calendar) all Pell grant awards are locked for the semester and may not be adjusted.

Your MPN will be available for your electronic signature here. It will be available
approximately 24-48 hours after you accept your Federal Direct Student Loans on the
Utah Tech website. Remember, if this is your first Federal Direct Student Loan at Utah Tech, you
must complete Entrance Loan Counseling. You need to complete Entrance Loan
Counseling only once for you Federal Direct Student Loans at Utah Tech. You will generally
only need to sign the MPN once unless you defaulted on previous student loans or have
declared bankruptcy after you signed your MPN. Make sure you keep your current
mailing address updated with the U.S. Department of Education once you have signed
your MPN.

Remember, it takes approximately four to six weeks to fully process your financial aid.
You are responsible for payment of your tuition, fees and all other debts at the time
they are due. If you do not have the finances to pay your tuition, Utah Tech works with an
outside agency to provide a tuition loan. Please refer to the Utah Tech Tuition Payment Plan.

A Federal Direct subsidized student loan is interest free while you are enrolled in school
at least half time. You also have a six month grace period once you graduate or stop
attending school, before you begin repaying the loan, note: interest will accrue during
your grace period. The Federal Direct unsubsidized student loan begins to accrue
interest at the time the loan is disbursed. Unless you make the quarterly interest
payments, the interest will capitalize which will cause your loan payments to be larger
once you begin to repay your loan. For more information, refer to the Federal Student
Guide.

Yes, you are allowed to change your marital status from single to married. The deadline
for this is April 1st of the currently enrolled academic year. If you have questions
concerning this rule, please feel free to contact the Utah Tech Financial Aid office. You will be
required to submit some required documentation.

If you withdraw from Utah Tech University before the semester begins and financial aid
has not paid your tuition, no fund will transfer to your account. If you withdraw from
school before or after school starts and financial aid has been posted to your account,
the financial aid office is required to perform a Return to Title IV funds (See Policy
section) calculation on your account. Once this calculation has been performed, you
may owe money back to Utah Tech. Remember, it is important that you must officially
withdraw from your Utah Tech courses. If you fail to officially withdraw, you will receive F
grades on your transcript.

Some students may be eligible to receive aid during the summer semester. Please
contact the Utah Tech Financial Aid office to enquire about your eligibility.

According to the Family Educational Rights and Privacy Act (FERPA), UT cannot release any information about a student without the student’s permission. If a student would like to give permission for a spouse, parent, or other family member to access their records or speak to a university employee on their behalf, the student must give permission by making a connection on the Utah Tech Family Portal.

Yes. The Tuition Payment Plan will allow eligible students to pay their student account balance in installments. The balance must be paid in full by the end of the semester. There is an enrollment fee charged by Touchnet for a Tuition Payment Plan.

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