Fillable Eng Comp Purchase 2018 (Tennessee Technological University)

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Eng Comp Purchase 2018 (Tennessee Technological University)

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Office of Financial Aid Budget Increase Request for
Personal Portable Computing Device
For College of Engineering Students
Student Name: ________________________________________________________
Last First MI
Tech ID: T _____________________ Email: _______________________________
Students wishing to purchase a personal computer may be allowed a one-time increase to
their Cost of Attendance to allow for the purchase. This increase may result in additional
eligibility for loan funds only. Annual and aggregate loan limits restrict eligibility for
Federal Direct Subsidized and Unsubsidized Loans. If you have borrowed your loan
maximum for the academic year, you may have to rely on Direct PLUS or alternative
loans to fund the increase. Direct Subsidized and Unsubsidized Loans are restricted to no
more than one half of the total loan amount per semester.
Students will be allowed only one budget increase for the purchase of a computer per
degree at Tennessee Tech University. The maximum amount that your budget will be
increased for the purchase of a computer is the purchase price of the computer or $2000,
whichever is less. This may include software and peripherals.
The recommended computer specifications for the Engineering programs and have been
approved. Information on the recommended specifications can be found on the College of
Engineering website.
Tennessee Tech University has a contract through Dell allowing students to purchase
computers at a discount. You may take advantage of this discount or purchase your
computer from another source.
Please initial each line below:
____ I understand that the purchase of a computer for my studies at Tennessee Tech
University is a one-time only adjustment.
____ I understand that even though my budget is increased to accommodate this
purchase, my federal loan limits cannot be exceeded which may result in having to secure
funding through an alternate source.
____ I understand that by completing this form and returning it to financial aid, in no way
ensures I will have funding to make this purchase.
____ I understand that the funds needed to purchase a computer will most likely come
from a loan source that will increase my debt and is required to be repaid according to the
terms of the loan program.
____ I understand that any loan amount that I am granted is REQUIRED to be disbursed
½ of total amount in the Fall Semester and the remaining ½ in the Spring Semester. I may
not have access to all eligible funding until the Spring Semester.
____ I understand that if I purchase a computer prior to being notified by the Office of
Financial Aid at Tennessee Tech University whether funding is available, I am
responsible for all costs incurred.
____ I understand that if federal aid eligibility is not available, I am responsible for
securing my own funding source for the purchase of a computer.
____ I understand that if I have no eligibility remaining in the federal Stafford loan
program, that my parents may be required to apply for a Parent PLUS loan to cover this
expense.
I have read the information on this form and understand that I will be allowed only one
budget increase for the purchase of a computer while pursuing a degree at the Tennessee
Tech University.
_______________________________________________________ _______________
Student Signature Date
Please allow 7-10 business days to be notified of potential funding sources.
*********************************************************************
Office Use Only
Budget Increase Approved ____________ Amount of Increase $ __________________
Available funding:
Subsidized Federal Direct Stafford Loan: $ ____________________
Federal Unsubsidized Direct Stafford Loan: $ ____________________
Other Federal Aid Program Funding: $ _____________________ ___________
____ No federal funding available, student will need to seek an alternative loan.
Date notified student: __________________________________
Aid Administrator: ____________________________________
Updates made to RBAABUD ____________________________
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Eng Comp Purchase 2018 (Tennessee Technological University)

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Completed 20 July 2020

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