$5,257

Avg. Federal Grant

$5,036

Avg. Federal Loan

$121,778,547

Total Aid Awarded

Middle Tennessee State University (MTSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

76%

Total Aid Amount Average Total Aid Awarded per year.

$121.779M

Financial Aid Official Website

www.mtsu.edu/financial-aid/

Most students see financial aid to be something worth going after, whether it’s because of their academic excellence or because they need financial assistance. Middle Tennessee State University ensures that they meet the appropriate authorities who will help them dissect their needs, and direct them to secure the appropriate form of fund with which they may fund their own education and not feel burdened. Depending on the candidate’s application and eligibility, they will be open to special benefits or offers, from different scholarships to various kinds of grants.

As per the previous reports by the college, almost 76% of the students are provided financial aid every year with the aid amount reaching upto $121,778,547; a rather large number by which students can be ensured that they don’t have to worry about running out of funds.

Scholarships

MTSU students are provided with funding to help pay for their education, and for some, this can make the difference between a dream and a reality. While some of their aid comes from federal grants and loans, for many of our students, the gap is bridged with endowed scholarships funded by Middle Tennessee State University.

There  are three different scholarships provided to MTSU incoming freshmen on the basis of their scholastic excellence:

  • Lightening Scholarship: This is provided to the students who have an ACT score of 30-36, who maintain a minimum GPA of 3.5. The award for this scholarship can reach upto $3,000 per year for a single student.

  • Blue Raider Scholarship: This is provided to the students who have an ACT score of 25-29, who maintain a minimum GPA of 3.5. The award for this scholarship can reach upto $2,000 per academic year for a single student.

  • Future Alumni Scholarship: This is provided to the students who have an ACT score of 24-25, who maintain a minimum GPA of 3.5. The award for this scholarship can reach upto $1,000 per academic year for a single student.

The other available scholarships are:

  • Trustee Scholarship: This scholarship is provided to the meritorious students on the basis of their ACT and SAT scores which should be 30 and 1360 respectively. They should also maintain a minimum GPA of 3.5. $5,000 is awarded every year to the students who qualify for this scholarship. 

  • Presidential Scholarship: students having an ACT score of 25 and SAT score of 1200 with a minimum GPA of 3.5 are eligible for this scholarship with the scholarship fund reaching an amount of $4,500 per year.

  • True Blue Scholarship: Students having an ACT score of 23, SAT score of 1130 and maintaining a minimum GPA of 3.5 are eligible for this scholarship. They are awarded a scholarship amount of $2,000 per academic year.

All these scholarships are renewable for a period of 4 years or 8 semesters as long as the eligibility requirements are met. For more information on the different scholarships that are being offered to MTSU students, you may visit their MTSU Scholarships.

Grants

Grants are similar to scholarships in the area that they do not have to be repaid. But instead of being provided for academic or excellence in other fields, grants are provided to the students who have or show financial need. Grants can be federal, state or institutional.

Federal grants

  • Pell Grants: These grants are only awarded to students who are applying for a bachelor’s degree and they do not have to be repaid. The amounts can vary depending on the student’s estimated family contribution and a student cannot receive this grant from more than one school at a time.

    • Supplemental Education Opportunity Grant (SEOG): The SEOG funds are limited and are awarded to students with exceptional financial need. Those students are given a priority who have zero EFC and receive maximum pell grants.

  • TEACH Grant Program: It is provided to the students who are ready to teach in a public or a private elementary school that serves students with low-income families. The grant amount for these students is $4,000 per year.

State Grants

  • Tennessee State Assistant Award: This is a need based grant for in-state students who are U.S. citizens and meet the tennessee residency requirements.

For more information on these grants, you may visit MTSU Grants.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

78%

Institution Grant Aid

31%

Pell Grant

47%

Average Aid Awarded

Federal Grant Aid

$5,257

State Grant Aid

$4,748

Institution Grant Aid

$5,266

Pell Grant

$4,951

It is of utmost importance to know how many students receive certain aids because it gives the students a good idea on what to expect from each type of aid they wish to opt for. When it comes to grants, students get the opportunity to take up different grants; federal, institutional, or state grants. The following is data regarding the distribution of aid within Middle Tennesse State University:

  • Around 49% of the students receive Federal Grant Aid which amounts to at an average of $5,257.
  • Approximately 47% of the students receive Pell Grants which amount to an average of around $4,951.

  • An average aid of about $4,748 in the form of State Grants is offered to 78% of students who have applied for it.

  • Almost 31% of the students receive institutional grants which amount to an average of around $5,266.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,582

$30,001 - $48,000

$9,849

$48,001 - $75,000

$5,336

$75,001 - $110,000

$3,791

Over $110,000

$3,510

Financial aid in the form of federal aid is provided to a student, depending on the income of the student or the student’s family. The average federal aid in Middle Tennessee State University is calculated according to the family income of the student and is segregated into 5 different income brackets.

  • For a student who has a family income ranging from 0 to $30,000, the average federal aid provided is $11,582 

  • A student having a family income ranging from $30,001 to $48,000 the average federal aid is $9,849

  • The student who has a family income ranging from $48,001 to $75,000 the average federal aid provided is $5,336 

  • The student having an annual income ranging from $75,001 to $110,000 the average federal provided is around $3,791.

  • The student having an annual income range greater than $110,000, the average federal aid provided is $3,510.

Student Loans for Middle Tennessee State University (MTSU)

Average Loan Amount Average Loan Amount received per year.

$5,631/Year

Students Taking Out Loans

53%

Loan Default Rate

10.3%