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Financing Your TSU Education


Students are not considered registered until all fees are paid or officially deferred. The following options are available to students in good standing:

"CASH" PAYMENTS

Payment can be made in person, by mail, or internet (myTSU) using the following methods. Contact the Bursar's Office at (615) 963-5472 or (877) 288-0028 for additional information.

  • Cash (please do not mail)
  • Check (personal, cashiers/bank check, money order)
     It is the policy of Tennessee State University to electronically convert and process all paper checks received via Point of Purchase, mail or drop box using the Automate Clearing House (ACH) Network, under the rules governed by the National Automated Clearinghouse Association (NACHA) and the Federal Reserve Bank
  • Credit Card (MasterCard, Visa, or American Express)
  • Bank Wire Transfer (contact the Bursar's for wiring information)

PREPAYMENT PLANS

  • TSU Prepayment Plan

Students may choose the expenses they wish to prepay before the semester begins, including room, board, tuition and fees. All payments must be made prior to registration. Payments will be returned if enrollment does not occur within eight months of the first payment. Contact the Bursar's Office at (615) 963-5472 for additional information.

  • BEST (Baccalaureate Education System Trust)

The State's BEST program permits the purchase of tax deferred tuition "units" redeemable at the student's college enrollment. Contact the State of Tennessee Treasurer's Office at (615) 532-8056 or 1-888-486-BEST, or visit their World Wide Web homepage at Baccalaureate Education System Trust (BEST)  or email them at Best.Office@state.tn.us.

PAYMENT PLANS

TSU Deferred Payment Plan enrollment is available online if a student’s total balance is at least $600 after all discounts, financial aid, and other credits have been applied.  The Deferred Payment Plan is not available for the summer term.  Students who wish to use this plan must select the Deferred Payment Plan Online option before the system will compute installment payments. At the time of enrollment in the plan, 50% of the current balance, a $50 administrative fee, and any prior balance must be paid in full. Students must pay at least the minimum down payment amount calculated when enrolling in the deferment plan. To ensure that the plan was successfully processed, students should review their “myTSU” email accounts for the Payment Plan enrollment confirmation. The amount deferred is payable in three monthly installments due September 25, October 25 and November 25 for the Fall Term and February 25, March 25 and April 25 for the Spring Term. Bills will not be mailed. A late payment charge of $25.00 will be assessed on September 26, October 26, November 26, for the Fall Term and February 26, March 26, and April 26, for the Spring Term for each installment not paid on or before the due date. If the due date falls on a weekend, payments not received by Friday will be assessed this fee. If any additional charges are made to a student’s account after enrolling in the plan, such as adding classes or room/board, the additional amount due must be paid or the Bursar’s Office must be contacted to recalculate the plan. 

 

Room and Board Deferment Plan enrollment is available by contacting the Bursar's Office.  This plan is not available for the summer term.  Students may defer up to 75% of room and board charges.  A $15.00 service charge is assessed and cannot be deferred.  The payment due dates are the same as those for the Deferred Payment Plan and bills will not be mailed. A late payment charge of $15.00 will be assessed on September 26, October 26, November 26, for the Fall Term and February 26, March 26, and April 26, for the Spring Term for each installment not paid on or before the due date.  Enrollment in this plan does not prevent enrollment in the Deferred Payment Plan, also.

DEFERMENTS

  • Financial Aid Deferment

Students who have applied for aid by the Financial Aid Office deadline may be eligible under certain circumstances for a Financial Aid Deferment if aid has not been received by the time of registration. The deferment will allow the student to register, though the deferment amount remains the liability of the student should the anticipated aid not be received or be received at an amount less than the deferred amount. Contact the Financial Aid Office at (615) 963-5701 or 1-888-328-4636 for additional information.

FEE DISCOUNTS AND WAIVERS

Contact the Bursar's Office at (615) 963-7580 for information related to fee discounts and waivers available to:

· TSU employees and their spouses/dependents
· State of Tennessee employees
· Tennessee Board of Regents (TBR) employees and their spouses/dependents
· Tennessee public school teachers' dependents
· Certain Veterans' dependents
· Elderly and disabled citizens

TSU Employees should contact Human Resources for more information about eligibility for these benefits.
PLEASE NOTE: All these programs have deadlines.

FINANCIAL AID

Unless otherwise indicated, you can find out more by contacting the Financial Aid Office at (615) 963-5701 or 1-888-328-4636, or the federal government at 1-800-4FEDAID or see the TSU Financial Aid Homepage.

  • PELL grants
  • Direct Loans
  • SEOG
  • Federal Work Study
  • Federal Perkins Loans
  • TSU performance scholarships (band, athletics, etc.). Contact the source department.
  • TSU departmental scholarships (Engineering, etc.). Contact the source department.
  • TSU Special scholarships (TSU Presidential and TSU Minority). Contact Admissions at (615) 963-5101 or 1-888-463-6878.
  • Third Party grants/scholarships (from private sponsors, government training programs). Contact the source agency.

LOANS

Emergency Loans

All undergraduate students are eligible for emergency loans from the Office of the Associate Vice President for Student Affairs and Dean of Students. These loans are subject to the availability of funds and average $500.00. Students must present University account statements showing they have signed-up for classes and have no prior balance. Fall loan repayment is due in full by December 5 and Spring loans by April 5. Contact the Office of the Associate Vice President for Student Affairs and Dean of Students at (615) 963-5621 for additional information.

Note: This is a summary of general provisions. Other requirements and restrictions must be obtained from the relevant offices. Call the above telephone numbers or the University operator at (615) 963-5000. You may also visit the University's World Wide Web homepage at www.tnstate.edu.
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