$4,106

Avg. Federal Grant

$5,619

Avg. Federal Loan

$17,280,918

Total Aid Awarded

Milligan College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

91%

Total Aid Amount Average Total Aid Awarded per year.

$17.281M

Financial Aid Official Website

https://www.milligan.edu/sfs/

Interestingly, almost all of the students at MU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $2,948,237 in a year. More information regarding the financial assistance schemes can be accessed on MU’s official financial aid page at https://www.milligan.edu/sfs/. The total percentage of candidates applying to Milligan University who receive the Federal Grant is 30%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 30% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,832, and the same stands at $4,422 for State Grant awardees and $19,976 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,370. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Students whose family income per annum is less than $30,000 will receive a federal aid of $24,432 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $26,041 and $20,897, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $19,619. And, for those with a family income of more than $110,000, the amount stands at $20,017. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 56% of the applicants to Milligan University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

27%

State Grant Aid

46%

Institution Grant Aid

100%

Pell Grant

27%

Average Aid Awarded

Federal Grant Aid

$4,106

State Grant Aid

$4,548

Institution Grant Aid

$19,933

Pell Grant

$3,916

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$29,289

$30,001 - $48,000

$23,744

$48,001 - $75,000

$21,269

$75,001 - $110,000

$22,637

Over $110,000

$20,666

Student Loans for Milligan College

Average Loan Amount Average Loan Amount received per year.

$7,966/Year

Students Taking Out Loans

62%

Loan Default Rate

3.9%

Other Colleges In Tennessee

Union University
Union University

Jackson, Tennessee

Belmont University
Belmont University

Nashville, Tennessee

Lipscomb University
Lipscomb University

Nashville, Tennessee