Fellowships will be disbursed to the awardee’s MyUTK account together with any other financial aid and scholarships that the awardee may be receiving. If there are any unpaid charges at the time of disbursement, the fellowship will be applied towards those outstanding charges. If any excess funds are generated from this award, those monies will be made available to you approximately one week after the funds are disbursed. Being signed up for direct deposit in a MyUTK account can assist in avoiding any delays. The award may be combined with other financial aid up to UT’s full estimated cost of attendance, which includes standard amounts for tuition, fees, and averages for housing, food, books, and personal costs related to attending college. If the combined financial aid, including the fellowship, exceeds UT’s estimated costs, the amount of any other financial aid may be reduced because of the fellowship.
Please note that this fellowship will be reported on the awardee’s annual 1098-T form and may have tax implications. For more information, the awardee should consult with a tax preparer or visit www.irs.gov.