Additional Programs and Awards Tennessee Hope Scholarship Program In-state residents may be eligible for the Tennessee HOPE Scholarship Program. Several different awards are available to eligible students who enroll at a Tennessee college or university. Border County Tuition Waiver Students who live in Crittenden County in Arkansas, or Desoto, Marshall, Tate and Tunica Counties in Mississippi may be eligible for the Border County Tuition Waiver, which allows them to attend the University of Memphis at in-state tuition rates. Non-Resident Honors Student Award (NRHSA) This program offered by the Helen Hardin Honors Program allows non-resident students to attend the university at instate tuition rates. Approximately 30 awards are given each year. Academic Common Market Participation in the Academic Common Market allows qualified students from selected states to pay in-state tuition while pursuing certain degree programs at the University of Memphis. This arrangement is available only to students whose home states do not offer the designated program. Eligibility for programs offered by the University of Memphis is determined by the state in which the student resides.
Grants Federal Pell Grant This is a non-repayable, federally-funded program for undergraduate students pursuing a first bachelor’s degree. Awards vary in amount each year and are based on financial need and hours of enrollment. Federal Supplemental Educational Opportunity Grant (SEOG) This is a non-repayable, federally-funded, university-based program for undergraduate students pursuing a first bachelor’s degree. Awards are given to early applicants who have submitted all required information, demonstrated the most financial need and have the lowest Expected Family Contribution (EFC) on the Student Aid Report. Tennessee Student Assistance Award (TSAA) This is a non-repayable state grant program available to undergraduate Tennessee residents pursuing a first bachelor’s degree. This award is contingent upon Pell Grant eligibility, state funding and early submission of the FAFSA form.
Loans Federal Direct Student Loans Subsidized Stafford Loan A low, variable interest loan available to degree-seeking students enrolled at least half-time (six undergraduate credit hours) with financial need. The interest is paid by the government while the students are attending school. Repayment of both principal and interest begins six months after graduation or when enrollment ceases to be at least half-time. Unsubsidized Stafford Loan A low, variable interest loan available to degree-seeking students enrolled at least half-time (six undergraduate credit hours; 5 graduate credit hours). It is not based on financial need. Interest will be charged from the time the loan is disbursed until it is paid in full. The interest can be paid while the students are still in school. Repayment of both principal and interest begins six months after graduation or when enrollment ceases to be half-time.
W W W. M E M P H I S . E D U
2 0 1 2 - 1 3 FA C T BOO K
24