Carson Newman University Financial Aid and Scholarships
Students Receiving Aid
98%
Total Aid Amount
$32.947M
Financial Aid Official Website
www.cn.edu/administration/financial-assistance
Students can avail of scholarships provided by the university, such as Achievement Award, Carnegie Dartlet $10,000 Scholarship, Carson-Newman University - Tuition Waiver Exchange Program, and Chapter 105 - Memphis - Les Segar Memorial Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that almost every student at CNU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $7,228,022. Notably, a total of 54% of the applicants to Carson-Newman University receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 98% get the Institution Grant, and 54% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,438, and the same stands at $5,366 for State Grant awardees and $14,721 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,859. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At Carson-Newman University, the percentage of candidates who opt to avail of student loans is around 69%.
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