$5,072

Avg. Federal Grant

$6,712

Avg. Federal Loan

$8,579,360

Total Aid Awarded

South College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

65%

Total Aid Amount Average Total Aid Awarded per year.

$8.579M

Financial Aid Official Website

www.south.edu

The FAFSA need analysis process determines the ability of a student to contribute to their education. It is a systematic way by which the Department of Education measures the student’s (or their family’s) ability to pay for the education and their eligibility for various scholarships and grants under different programs. 

Almost 65% of the students are provided financial assistance every year with the aid amount reaching a huge sum of $8,579,360 which portrays the college’s ability to help the students in fulfilling their educational goals in various career fields.

Scholarships

South College is keen on having the best students with them and providing the students who portray dire need or academic excellence with various scholarships to help them pay for their college.

The two types of scholarships offered to students from South College are:

  • Tennessee Education Lottery Scholarships: the criteria for these scholarships is determined by the Tennessee student assistance corporation and the State of Tennessee. The students are provided scholarships through the Tennessee Hope program, Tennessee Hope Access Grant, Aspire award and the General assembly merit scholarship. 

  • Tennessee promise: This scholarship provides the high school seniors with two years of tuition fees for attending a community or a technical college in Tennessee. The students should maintain a minimum GPA of 2.0 to remain eligible for this scholarship.

For more information on any of these scholarships, please visit the official scholarships page.

Grants 

Grants play a very important role in funding a student’s higher education. A lot of grants are available to the students who show financial need. These could be federal, state or institutional and you can opt for them depending on the eligibility criteria as well as financial aid required.

Federal Grants

  • Pell Grants: Pell Grants are the basic grants available to the needy students depending on their requirements as determined by the federal government. These are provided only to the undergraduate students and do not have to be repaid.

  • Supplemental Educational Opportunity Grants (SEOG): This is another type of federal grant which is provided to undergraduate students with outstanding financial needs. Pell beneficiaries get a priority for SEOG grants.

  • TEACH Grant: This grant is available for the students who intend and agree to teach in an elemental school for almost four years. The award for this grant is around $4,000 per student for a single academic year.

State Grants

  • Tennessee Student Assistance Award (TSAA): Like pell grants, this grant is not required to be repaid and is awarded by the Tennessee student assistance corporation to the students who require financial assistance. You must be a resident of Tennessee and must be willing to study in a college located in the state itself.

  • Tennessee Reconnect: This is a program launched to provide an opportunity to go to college to those students who could not go to college due to financial constraints. Under this program, a fund of up to $4,200 is provided to you after taking into consideration the amount that is left after the federal grants.

Institutional Grants

  • First Responder Grant: This grant is provided to those first responders who are not receiving full tuition fees from the other grants. The amount awarded under this grant can reach up to $1,000 per term for full-time students, $500 for part-time students and $250 if you are a student with less than half time credit hours.

  • South College Closed Institution Transfer Grant: This is provided to help the students complete their education from the recently closed institutions. The south college application fee is also waived off for the students who begin classes within 12 months of the closure of their previous school.

  • South College Teacher Education Grant: This is available to any eligible student who is not receiving 100% tuition assistance from any of the other federal, state or institutional grants.

For more information on the various other grants offered, please visit the official grants page.

Loans

The students can also fund their education with the help of various loans available to them. The only difference is that these sums have to be repaid with or without interest accruing on the principal amount which depends on what kind of a loan it is. The different kinds of loans available are:

  • Federal Subsidized and Unsubsidized Direct Loans

  • Federal PLUS Loans

  • South College Loans

  • Non-federal Loans

Detailed information on these loans can be obtained from the official loans page.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

51%

Institution Grant Aid

41%

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$5,072

State Grant Aid

$4,484

Institution Grant Aid

$11,120

Pell Grant

$4,918

This breakdown is done for the total aid by differentiating between the aids students may receive along with the percentage of students that receive a particular aid. This is very helpful for you when you are planning to pick whichever aid you feel fits best for your financial budget.

  • Almost 57% of students receive federal grant aid, with an average of $5,072.

  • Approximately 57% of the student receives a pell grant, which amounts to an average of $4,918.

  • Around 51% of students receive state grants, just with an average of $4,484.

  • 41% of the students receive the institutional grant at an average of $11,120.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,477

$30,001 - $48,000

$8,192

$48,001 - $75,000

$9,931

$75,001 - $110,000

$9,694

Over $110,000

$11,103

This breakdown is done as federal aid depends to a great extent upon the income of the student or the student's family. It is separated into 5 assorted family income types to help choose the proportion of financial aid you may get when set against your family compensation.

The financial aid for the Family Income reaching out between $0 to $30,000 stands at about $10,477. A slight decrease is noticed when the aid given goes to $8,192 to levels of pay between $30,000 to $48,000. For the annual income range, $48,001 to $75,000, the aid given is $9,931. Finally, we have income ranges $75,000 to $110,000 and $110,000 or more that give about $9,694 and $11,103 worth of financial aid, respectively.

Student Loans for South College

Average Loan Amount Average Loan Amount received per year.

$10,148/Year

Students Taking Out Loans

58%

Loan Default Rate

17.9%

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