The alleged victim said she was raped at an on-campus dormitory April 25 and reported the incident to police that morning, The Atlanta Journal-Constitution reported Monday.
Charles Lea, an attorney representing Tarrant, said his client is innocent of the charges.
Tarrant, 19, was released Saturday on $40,000 bail, the newspaper reported. The 6-foot-2, 185-pound redshirt freshman from Carrollton, Ga., was considered a potential starter at cornerback.
Tarrant has been suspended indefinitely from the Tech football team pending the outcome of the case, Yellow Jackets coach Paul Johnson said in a statement.
"These charges filed against Jerrard are something that we take very seriously. He has been suspended from the team indefinitely, pending the outcome of the legal proceedings," Johnson said.