The Financial Aid Office is located in Fayerweather Hall and provides students with services associated with grants, scholarships, loans and work-study. Students should contact the Financial Aid Office with questions concerning their financial aid package.
Maryville College uses the Free Application for Federal Student Aid (FAFSA) to administer all federal, state and need-based institutional programs. Therefore, prior to enrollment each year, you and your student should complete a FAFSA. You may apply online at www.fafsa.ed.gov where new and renewal FAFSA applications are available after January 1. We strongly recommend that you complete the FAFSA before March 1 as federal, state and /or institutional funds may be exhausted after that time. The FAFSA will allow the student to be awarded financial aid for one academic year, so a renewal FAFSA must be filed each year to continue to receive federal and state financial aid.
Please include Maryville College's school code, 003505, on your student's FAFSA.
Maryville College provides generous scholarship opportunities to deserving students based on academic information, student interest and/or leadership. Students must maintain a minimum grade point average of 2.00 after the freshman year and 2.25 after the sophomore and junior years and/or satisfactory completion of program requirements to maintain most scholarships. The Presidential, Dean's and Phi Theta Kappa (PTK) Scholarships and the Isaac Anderson and Mountain Challenge Fellowships have different renewal requirements. Recipients of these scholarships or fellowships should contact the scholarship or program coordinator for renewal requirements.
The coordinators are Dr. Jerilyn Swann for the Presidential Scholarship, Mr. Richard Brand for the Dean's and PTK Scholarships, Dr. Bill Meyer for the Isaac Anderson Fellowship, and Mr. Bruce Guillaume for the Mountain Challenge Fellowship.
Tennessee residents who received the HOPE Scholarship or the HOPE Access Grant through the Tennessee Education Lottery Scholarship (TELS) program during their first year of college may be eligible to renew the HOPE scholarship. The student's eligibility will be reviewed at the end of the semesters in which the student has attempted a total of 24, 48, 72, 96, and 120 semester hours. At these benchmarks, the student
Attempted hours is defined as any college coursework completed after high school graduation, remedial coursework, and courses from which a student has withdrawn after the drop/add deadline. The scholarship is terminated after the student has earned a baccalaureate degree or five years have passed from the date of initial enrollment at any postsecondary institution, whichever comes first, provided the student maintains the minimum GPA.
For more detailed information on the TN Educational Lottery Scholarship program, visit College Pays TN.
Maryville College participates in Federal Pell Grant, National Academic Competitive (ACG) Grant, National Science and Mathematics Access To Retain Talent (SMART) Grant and the Federal Supplemental Educational Opportunity Grant (FSEOG) programs. Tennessee residents may also be eligible for the Tennessee Student Assistance Award.
Educational loans are available to students through the Federal Family Education Loan Program (FFELP). These loans include subsidized and unsubsidized Stafford and Parent Plus Loans. When deciding whether to borrow and/or how much to borrow, the student and parents should be aware of all the requirements, interest rates, repayment options and schedules, and deferment options.
The Federal Perkins loan program is a limited availability, need-based federal loan program. To qualify you must file a FAFSA and utilize your full Stafford Loan eligibility each year.
The work-study program provides on-campus and community service employment opportunities to qualifying students who have Federal Work-Study in their financial aid packages. Work-study jobs are available but are not guaranteed. To receive the Federal Work-Study funds that were awarded in the financial aid package, a student must work and earn the money during the course of the semester or academic year. The money is not applied to the student's bill as a credit. Instead, the student will receive a monthly paycheck for the hours worked.
Students who have a Federal Work-Study award and want to apply for a position, must attend one the Work-Study Informational Sessions held during fall registration. During the meetings students will receive information on how apply for work-study positions.
Once hired for a position, the student must complete Federal W-4 and I-9 forms before beginning to work. The Federal I-9 Form requires the student to provide proof of eligibility to work in the United States. ID's accepted as proofs of eligibility to work include original social security card, certified birth certificate or US Passport. Copies of these documents cannot be accepted.
When a Student withdraws from college, the way financial aid is affected will depend upon the date of his/her withdrawal and whether the aid is from federal sources or from Maryville College. Federal Aid is earned throughout the semester according to Department of Education established guidelines. Although awarded in full at the beginning of the term, if a student withdraws from the college during the semester, the Federal Financial Aid received may be pro-rated and adjusted to the student's account according to the Federal Department of Education formula.
Upon withdrawal from Maryville College, any Institutional Aid a student may have received is re-calculated according to the Maryville College Student Withdrawal Policy found in the Academic Matters section of the Student Handbook. For example, if a student withdraws at a point in the semester where he will be assessed 50 % of Tuition, Fees, Room and Board, he will be allowed to keep 50% of the Maryville College scholarships, grants and awards.
Federal Stafford and Perkins Loans will enter into a grace period effective the last day in attendance at the institution. According to the Department of Education, all students who have received Stafford or Perkins loans while attending Maryville College must complete an exit interview upon their departure from the college.
If a student is uncertain if he has received a Federal Loan while in attendance at Maryville College, he may check his Federal Financial Aid History at National Student Loan Data System. To access his loan history, he must use his PIN issued when he filed the FAFSA.
Warning: Because Federal and Maryville College Aid are re-calculated using different methodology; a withdrawal may result in a balance owed to the College. Students may want to consult the Financial Aid Office before making a final decision for withdrawal.