Students at South College have access to a range of financial aid to provide the economic assistance they need to pay for college. Aid is available in the form of scholarships, grants and awards, work-study programs, and loans. We’re happy to participate in numerous federal, state, and private student aid programs, and to offer funding directly.
If you anticipate the need for federal financial aid assistance to pursue your program of study, get a head start in determining your federal aid eligibility by completing the Free Application for Federal Student Aid (FAFSA).
The student’s ability to contribute to the cost of his or her education is determined by the FAFSA need analysis process. The need analysis is a consistent, systematic way of measuring a family’s ability to pay for educational costs and its eligibility to receive funds from federal and state programs.
The FAFSA determines the ability, not the willingness, of the student or the student’s family to finance his or her education. Everyone who applies is treated fairly and equally under this system. The amount of financial aid that a student receives may not exceed his or her cost of education as established by the college.
When you start the FAFSA, plan to have your tax information available (and your parent’s tax information if you are a dependent student) to complete the FAFSA, and please contact the Financial Aid Office if you have any questions.
Grants and Awards
Federal Pell Grants
The Federal Pell Grant program provides assistance to eligible undergraduate students who have not yet earned a bachelor’s or professional degree. Unlike loans, Pell Grants do not need to be repaid.
For many students, Pell Grants provide a foundation onto which other aid may be added. The amount of the award is determined through the FAFSA needs analysis process and enrollment status of the student.
Tennessee Student Assistance Award (TSAA)
Like the Pell Grant, the Tennessee Student Assistance Award (TSAA) does not require repayment. Awards are made by the Tennessee Student Assistance Corporation using the FAFSA needs analysis process. To be eligible, you must be a resident of Tennessee attending a college located in Tennessee.
Funding for this program is limited, and application should be made as soon as possible after January 1 each year. The deadline for application is set by the Tennessee Student Assistance Corporation each year. For more information, please visit www.tn.gov/collegepays.
First Responder Grant
The South College First Responder Grant is available to all current or retired first responders who are not receiving 100% coverage of tuition and fees under any VA educational benefit and/or state, federal, institutional, or private grant or scholarship program.
Beginning in the winter quarter of 2017, the First Responder Grant offers $1000 per term for full-time students, $500 for half-time students, and $250 for students with less than half-time credit hours. Visit the First Responder Grant page for more information about eligibility and benefits, or see a member of the financial aid staff.
South College Military Grant
For more information about the South College Military Grant, see the Military and Veteran Programs section below.
Federal Supplemental Educational Opportunity Grant (FSEOG)
The Federal Supplemental Educational Opportunity Grant (FSEOG) program provides assistance that does not require repayment to eligible undergraduate students who have not earned a bachelor’s or professional degree. It is awarded to a limited number of students with exceptional need. In accordance with federal regulations, priority is given to students eligible for the Pell Grant program.
Federal TEACH Grant
The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides grants of up to $4,000 per year to students who intend to, and agree to, teach in a public or private elementary or secondary school that serves students from low-income families.
Recipients of a TEACH Grant must teach for at least four academic years within eight calendar years of completing the program of study for which a TEACH Grant is received.
Failure to complete this service obligation will result in all amounts of TEACH Grants received being converted to a Federal Direct Unsubsidized Stafford Loan and the total amount repaid to the U.S. Department of Education.
Interest will be charged from the date the grant(s) were disbursed. TEACH Grant recipients will be given a 6-month grace period prior to entering repayment if a TEACH Grant is converted to a Direct Unsubsidized Loan.
Students who want to receive a Federal TEACH Grant must sign an Agreement to Serve for each academic year in which the award is received. Because the grant may convert to a loan if the student is unable to fulfill the requirements of the program, recipients are required to complete loan counseling for each academic year in which the award is received. Recipients must also complete loan exit counseling prior to graduation. For more information, contact a member of the financial aid staff.
Tennessee Education Lottery Scholarships
This program provides Tennessee students with scholarship funds from the Tennessee Lottery through the Tennessee HOPE Scholarship, “Aspire” Award, Tennessee Hope Access Grant, and General Assembly Merit Scholarship.
These scholarships are awarded based on criteria established by the Tennessee Student Assistance Corporation and the State of Tennessee. To be eligible for this scholarship, students must have their FAFSA processed by the federal processor by the priority deadline established by the Tennessee Student Assistance Corporation. For more information, visit www.tn.gov/collegepays.
Available to Tennessee high school seniors applying for admission at South College’s Tennessee learning sites, the Tennessee Promise scholarship provides two years of tuition-free attendance at a community or technical college in Tennessee.
The Tennessee Promise scholarship will cover tuition and fees not covered by the Pell grant, the HOPE scholarship, or state student assistance funds. Tennessee Promise participants must complete eight hours of community service per term enrolled, and maintain satisfactory academic progress (2.0 GPA). Visit our Tennessee Promise page to learn more about the scholarship.
South College Promise
Only available to students at the South College Asheville Learning Site, South College Promise Scholarships were designed to keep student loan debt to a minimum. To be eligible, applicants must be U.S. citizens who are 21 or under and applying as full-time students for undergraduate programs (certificates are ineligible).
South College Promise scholarships are available for South College students beginning in the winter term of 2017. Visit the South College Promise page for more information about eligibility and benefits.
Federal Perkins Loans
The Federal Perkins Loan Program offers long-term, low interest rate loans to a limited number of students with exceptional financial need. With Perkins loans, the college acts as the lender, distributing federal funds and contributing a portion of the financial award.
Interest does not accrue and repayment does not begin until the student ceases to be enrolled at least half-time. The student must complete loan entrance counseling and loan exit counseling prior to graduation.
Federal Subsidized Direct Loan
This program offers long-term, low interest rate loans to students with financial need. Students must be enrolled at least half-time to participate.
Money for the Federal Subsidized Direct Loan program is borrowed directly from the U.S. Department of Education. Interest does not accrue and repayment does not begin until the student ceases to be enrolled at least half-time. To receive this loan, the student must sign a promissory note and complete loan entrance counseling and loan exit counseling.
Federal Unsubsidized Direct Loan
This program offers long-term, low interest rate loans that are not based on financial need. Money for the Federal Unsubsidized Direct Loan is borrowed directly from the U.S. Department of Education.
Interest does accrue while the student is enrolled; however, repayment does not begin until the student ceases to be enrolled at least half-time. To receive this loan, the student must sign a promissory note and complete loan entrance counseling and loan exit counseling.
Federal PLUS Loan for Parents (Direct PLUS)
This program offers long-term loans that are not based on financial need to parents of dependent undergraduate students; however, the parent must meet the credit approval criteria for the Direct PLUS Loan program. Determination of the student’s eligibility for need-based aid is not required, but recommended.
Federal Direct PLUS loan funds are borrowed directly from the U.S. Department of Education. Interest begins to accrue as each disbursement is made. Repayment begins after the loan has been fully disbursed. For loans first disbursed after July 1, 2008, the parent may defer payment while the student is enrolled at least half-time.
Federal Direct PLUS Loan for Graduate Students (Direct GradPLUS)
This program offers long-term loans to students enrolled at least half-time in a graduate program of study. The loan is not based upon financial need; however, the borrower must meet the credit approval criteria for the Direct GradPLUS loan program.
Direct GradPLUS loan funds are borrowed directly from the U.S. Department of Education. Interest begins to accrue as each disbursement is made. Repayment begins after the loan is fully disbursed; however, the student may request deferment of repayment while enrolled at least half-time. To receive this loan the student must sign a promissory note and complete loan entrance counseling and loan exit counseling.
South College Loan Program
At the discretion of our financial aid officers, South College periodically makes loans available to be used solely for expenses incurred as a direct result of enrollment at the college. Eligibility for this program is determined by the Financial Aid Office during the initial application process or subsequent award periods.
These loans are awarded as part of the student’s financial aid package when other funds are insufficient to cover tuition, fees, and textbooks. The college reserves the right to discontinue this program at any time.
Non-Federal Loan Programs
At the request of a student or parent, South College financial aid officers may be able to provide information regarding credit-based, non-federal loans to students who may need additional funds to supplement the cost of attendance. South College does not recommend or endorse any private loan lender.
Federal Work-Study Program
The Federal Work-Study Program provides part-time employment opportunities on campus or at off-campus non-profit agencies. Financial need, prior work experience, individual skills, and academic major may be considered when placing students in specific work-study positions.
For more information about the Federal Work-Study Program, contact the Financial Aid Office.
Military and Veteran Programs
Veterans’ Education Benefits
South College has participated in the Yellow Ribbon program since 2011 and has been approved by the Tennessee Higher Education Commission Division of Veterans Education to offer certificate and degree programs to students eligible to receive veterans’ educational benefits.
Certain veterans and dependents of veterans are eligible to receive financial assistance from the U.S. Department of Veterans Affairs. For more information regarding these benefits, contact the Financial Aid Office. Students or applicants may also contact the Department of Veterans Affairs Regional Office at 1-800-827-1000 or visit the Veterans Affairs website.
South College Military Grant
The South College Military Grant is available to all active-duty military members, veterans with honorable or general discharge status, and military spouses who are not receiving 100% coverage of tuition and fees under any VA educational benefit and/or state, federal, institutional, or private grant or scholarship program.
Beginning in the winter quarter of 2017, the Military Grant offers $1000 per term for full-time students, $500 for half-time students, and $250 for students with less than half-time credit hours. Visit the Military Grant page for more information about eligibility and benefits. For more information, see a member of the financial aid staff.
South College offers additional support for military families. Learn more at our Military and Veterans Services page.
The Student Consumer Information regulations of the United States Department of Education require colleges and universities to provide students with access to certain information to which they are entitled as consumers.
It is our intention to make this information as complete and easy to access as possible, so that our incoming students and their families are fully informed. See the links below for detailed consumer information, or inquire at the college reception desk for paper copies.
- Financial Aid Consumer Information
- Academic Consumer Information
- ￼Student Services Consumer Information
Code of Conduct for Title IV Loans
South College prohibits conflicts of interest with the responsibilities of officers, employees, or agents of the college with respect to education loans for students.
The college shall comply with, administer, enforce, prominently publish on its website, and annually inform officers, employees, and agents of the college of the responsibilities with respect to education loans as stated in the Code of Conduct for Title IV Loans.
For the purpose of clarity, South College participates in the U.S. Department of Education’s Federal Direct Student Loan Program. Therefore, no private lending institution provides Title IV loan funds to eligible students and/or parents of eligible students.
The College Navigator Web Site
The U.S. Department of Education Institute of Education Services compiles an annual report containing institutional and state-level information. View our report by visiting the College Navigator website and entering our school name.
More information about federal aid can be found by visiting the U.S. Department of Education Federal Student Aid website. More information about state aid can be found by visiting the Tennessee Student Assistance Corporation website, College Pays.