$4,077

Avg. Federal Grant

N/A

Avg. Federal Loan

$2,069,457

Total Aid Awarded

Tennessee College of Applied Technology (TCAT) Murfreesboro Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$2.069M

Financial Aid Official Website

https://tcatmurfreesboro.edu/future-students/financial-aid

Students can avail of scholarships provided by the college, such as Chapter 105 - Memphis - Les Segar Memorial Scholarship, Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship, Tennessee HOPE Scholarship, and Tennessee Student Assistance Award, if they find educational expenses to be on the higher side. As many as 98% of the students at TCATM receive some kind of financial aid, shows the latest data. Notably, a total of 69% of the applicants to Tennessee College of Applied Technology-Murfreesboro receive the Federal Grant every year. In comparison, 98% of the students are awarded the Student Grant, 1% get the Institution Grant, and 69% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,270, and the same stands at $1,906 for State Grant awardees and $1,312 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $1,742. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

84%

Institution Grant Aid

2%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$4,077

State Grant Aid

$2,310

Institution Grant Aid

$1,012

Pell Grant

$4,008

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants with federal grants having the highest percentage contribution of 52% with an average aid amount being $4,077. Pell grants have a percentage of 52% with an average aid amount of $4,008 which is higher than the State grant aid average of $2,310.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,900

$30,001 - $48,000

$6,535

$48,001 - $75,000

$4,001

$75,001 - $110,000

N/A

Over $110,000

N/A

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $6,900 while those with family income over $48,001 to $75,000 can expect to receive an aid amount of $4,001. This helps students who are coming from low-income homes to pay for their degree.

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