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Financial Aid Terms and Conditions

Financial Aid Terms

The following are terms you are likely to see on your financial aid award. If you have any questions concerning your award or the terms therein, please contact the Student Financial Services office at (615) 460-6403.

  • Federal Pell Grant - An undergraduate federal grant. The U.S. Department of Education determines eligibility. The Expected Family Contribution (EFC) Formula is the standard criteria used in determining financial need.
  • Federal Supplemental Educational Opportunity Grant (SEOG) - An undergraduate federal grant awarded to the most needy Federal Pell Grant recipients on a first come, first served basis.
  • Tennessee Student Assistance Corporation (TSAC) Grant - Awarded by TSAC on a first come, first served basis to needy undergraduate students who are Tennessee residents.
  • Tennessee Education Lottery (HOPE) Scholarship - Awarded to entering freshmen and returning students who are Tennessee residents and meet eligibility requirements as specified by the Tennessee state legislature. Award amounts are subject to reduction based upon lottery revenue. For more details click here.
  • Direct Subsidized  Stafford Loan - Awarded on the basis of financial need. The federal government pays the interest on the loan until you begin repayment. The student must submit a Master Promissory Note (MPN) and complete online entrance counseling through for his or her first Stafford Loan at Belmont University. Undergraduate students must be enrolled at least six hours. Graduate students must be enrolled at least three hours.
  • Direct Unsubsidized Stafford Loan - Awarded on the basis of financial need to undergraduate students. The federal government pays the interest on the loan until you enter repayment. The student must submit a Master Promissory Note (MPN) and complete entrance counseling online through for his or her first Stafford loan at Belmont. Undergraduate students must be enrolled at least six hours.
  • Direct Parent PLUS Loan (PLUS) - Available to parents of dependent, undergraduate students and requires an additional application. This is a credit-based loan. Repayment generally begins within 60 days of final disbursement. The loan amount listed on the award letter is a recommended amount. Students must be enrolled at least six hours.
  • Federal Work-Study - Provides jobs for students with financial need. Funds are limited. The FWS award amount will not automatically be posted as a credit on a student account. this is an award amount that a student may earn as a monthly paycheck through the FWS program.
  • Outside Scholarships - Scholarships funded by a source other than Belmont University. Please download the Outside Scholarship Report Form. Outside scholarships may reduce your financial aid award.
  • Belmont Grant-in-Aid Grant funds awarded based on need per the filing of the FAFSA.  Belmont Grant-in-Aid funds are determined by the Expected Family Contribution (EFC) and are not guaranteed every year.  Students must complete the FAFSA for each aid year to determine grant eligibility.  An increase in the EFC could result in the reduction or loss of the grant if the EFC falls outside of the established grant range.
  • Institutional Scholarships - Scholarships funded by Belmont University. Students must be enrolled full-time (twelve or more hours) in order to receive institutional funds. Institutional aid is not refundable.
  • Institutional Discounts - Belmont University offers a Church-Related Vocation Scholarship and Two-Student Discount to qualifying students. These discounts require a separate application which must be renewed each year. Please download the appropriate form to see further detail.


Financial Aid Conditions
  • Awards are determined by an evaluation of student reported information on the Free Application for Federal Student Aid (FAFSA). The financial aid awarded is for the designated award period only.
  • Awards are based on full-time enrollment. In order to meet the 'full-time' standard, a student must register for at least twelve hours per semester as an undergraduate student, and at least six hours per semester as a graduate student. Furthermore, a student will not be eligible for financial aid through most programs if not enrolled in an eligible program on at least a half-time basis.
  • A student must report in writing to the Office of Student Financial Services any additional assistance which may be received from other sources, including scholarships, loans, assistantships, fellowships, and employer educational benefits. If additional assistance reduces financial need, an adjustment in an award may be necessary.
  • A student must notify Belmont Central if withdrawing from the University before the end of an academic term. If a student withdraws after receipt of financial aid funds, the student may be expected to repay a portion of the aid received. View complete withdrawal information.
  • If course load is reduced after the receipt of financial aid funds and before the end of the tuition refund period, the student may be required to repay a portion of the financial aid funds.
  • Funds for the Federal Pell Grant, Supplemental Educational Opportunity Grant, Federal Perkins Loan, Federal Work-Study, Tennessee Student Assistance Corporation Grant, and Tennessee Education Lottery Scholarship are provided by the federal and/or state government(s); and if the appropriations or allocations to the University are adjusted, an award from these programs may be reduced or revoked.
  • The Office of Student Financial Services may release information about the amount and type of aid that a student receives to other offices and agencies as needed to administer the financial aid programs. The Office of Student Financial Services may send general information about a student to donors. The Office of Student Financial Services may release information necessary for collection of a student loan in the event repayment obligations are not met.
  • To decline any portion of this award, please contact our office by completing the Loan Reduction/Cancellation Request Form on the SFS Forms page.
  • The amounts offered in grants, loans, and work-study funds may vary from year to year. Each year, the student must reapply for assistance by completing the FAFSA.
  • All Title IV financial aid is awarded to students without regard to race, sex, or age. The majority of aid is provided on the basis of financial need.
  • Financial assistance granted is to be used only for legitimate educational purposes.
  • Federal, State, and Outside aid will be the first resources applied towards a student's educational expenses. Institutional, State, and Outside aid resources are not refundable. Federal PELL grants and loans are the only refundable forms of financial aid.