Financial aid for students typically falls into one of four broad categories

  1. Scholarships are merit based awards that you don’t pay back.
  2. Grants are need-based awards that you don’t pay back. These are typically given in addition to scholarships and are reviewed annually.
  3. Loans are borrowed funds that you repay after you leave college. They feature very low interest rates and long terms. 
  4. Work-Study programs allow you to work and earn money to pay for your education as you go through the college process.
  5. Service Commitments such as Army ROTC (Reserve Officer's Training Corps) 

Description of Financial Aid Opportunities and Scholarships

Institutional Scholarships

Your application to Trevecca is your application for Trevecca scholarships. Be sure you are thorough on your application so we can award all possible aid to you. You can find a complete list of available scholarships online.

Need-Based Grants

Pell Grants are awarded by the federal government to those students who are determined to be eligible after completing the FAFSA. A Pell Grant is applied directly to your student account and does not have to be repaid. The amount is determined according to eligibility and the number of hours in which you enroll. Pell Grants are not available to students who have already completed a bachelor’s degree.

The Supplemental Educational Opportunities Grant (SEOG) is a federal grant administered by the University. The SEOG Grant is applied directly to your student account and does not have to be repaid. To be eligible for the SEOG Grant, you must meet the same Pell Grant eligibility requirements and you must apply early because SEOG funds are limited. The amount is subject to change based on availability of funds.

The Tennessee State Grant (TSAA) is a state grant awarded to eligible students who are Tennessee residents. This grant does not have to be repaid. Eligibility is determined by the FAFSA. Funds are usually limited and you must apply before the priority date of February 1, 2019. More information is available online.

Federal Direct Stafford Loans

There are two Federal Direct Stafford Loan Programs available for student borrowers: subsidized and unsubsidized. All students who wish to borrow through either of these programs must complete the FAFSA.

A Subsidized Federal Direct Stafford Loan is a federal loan that must be repaid. Ability to participate in the Subsidized Federal Direct Stafford Loan Program is based on calculated need as determined by the FAFSA. The interest rate is fixed at 5.045%. “Subsidized” means that the interest on this loan is not paid by the student while he or she is enrolled in school. The government pays the interest on this type of loan while in school.

An Unsubsidized Federal Direct Stafford Loan is also a federal loan that must be repaid. If a student is not eligible for the Subsidized Federal Direct Stafford Loan, as determined by the results of the FAFSA, an Unsubsidized Federal Direct Stafford Loan can be an alternative. “Unsubsidized” means that interest will accrue while the student is in school. The student can choose to pay the interest while in school or defer the interest and have it added to the principal balance. The interest on this loan is also fixed at 5.045%.

Federal Direct Parent Plus Loan

The Federal Direct Parent PLUS Loan is a loan that is available for parents of undergraduate students to borrow. It is a federal direct loan and it must be repaid. The interest rate is fixed at 7.595%. Eligibility is based on credit history as determined by federal guidelines. Prior to disbursement, the government withholds 4% from the loan amount.

Repayment for the Federal Direct PLUS Loan Program begins 60 days after the second disbursement of the loan. For loan deferment options, you should go to

Federal College Work-Study

Jobs are available on-campus and a limited number of Federal College Work-Study jobs are available off-campus. Trevecca spends at least 7% of its College Work-Study funds in community service off-campus jobs. The Center for Leadership, Calling and Service assists students in locating jobs. Students are paid every other Friday. If there is a dollar amount of work-study shown on your award letter, this amount reflects an estimated amount that could be earned if you choose to work. This money must be earned and is not available as a credit at the time of registration.

Loan Forgiveness Options

Information about loan forgiveness can be confusing. We are aware that there are many companies who claim to be affiliated with Trevecca Nazarene University that offer loan forgiveness options. This information is false. Make sure you access legitimate federal forgiveness programs offered here.