What’s the Cost of Earning Your Degree Online?
Published on: June 5, 2026
Pursuing an online degree at the University of Tennessee, Knoxville, is more affordable than you might think. A major reason is the financial support available to Vols Online students. Here’s what you need to know before you apply.
You’re Eligible for the Same Aid as On-Campus Students
Vols Online students have access to the same financial aid as their on-campus counterparts. This includes federal aid, state funding, university scholarships, and student loans. In addition, a Payment Plan is available, providing more time and flexibility to manage and pay the balance for each semester.
Start with FAFSA
The foundation of any financial aid journey is the Free Application for Federal Student Aid (FAFSA). When filling it out, be sure to include UT’s school code: 003530. Once submitted, you’ll receive a Student Aid Report that outlines your federal aid eligibility. The same application also determines eligibility for state-level funding, such as:
*Federal student loans are entirely optional. You are never required to take out the loans offered as part of your financial aid package.
Grants and Scholarships Are Within Reach
Undergraduate students may qualify for need-based grants such as the Pell Grant, which doesn’t require repayment. UT also offers:
- Merit-based scholarships
- Departmental scholarships through individual colleges
- Scholarships specifically for students with disabilities
- Opportunities through private foundations and organizations
Once admitted, students can search for additional awards through UT’s dedicated scholarship portal.
Avoiding On-Campus Costs
One major benefit of online learning is avoiding on-campus expenses. Vols Online students save on:
- Room and board
- Gas and transportation costs
By learning from wherever you are, you give yourself an easy discount.
Graduate Students Have Options Too
While graduate students generally aren’t eligible for Pell Grants, FAFSA still opens the door to
- Federal loan options
- University-administered aid
Ready to learn more?
Use Vols Online’s Cost Calculator to help see what your path to success looks like. Take the first step toward your degree by requesting more information.
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