Tennessee College of Applied Technology... Financial Aid & S

$4,199

Avg. Federal Grant

N/A

Avg. Federal Loan

$4,650,521

Total Aid Awarded

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

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$4.651M

Financial Aid Official Website

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

It is interesting to note that, every year, around 91% of students at TCATN receive some kind of financial aid. Notably, a total of 60% of the applicants to Tennessee College of Applied Technology Nashville receive the Federal Grant every year. In comparison, 91% of the students are awarded the Student Grant, 5% get the Institution Grant, and 60% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,211, and the same stands at $2,156 for State Grant awardees and $777 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,886. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

79%

Institution Grant Aid

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$4,199

State Grant Aid

$2,089

Institution Grant Aid

$890

Pell Grant

$4,136

If a student meets the eligibility criterion at TCAT Nashville, then a federal grant is also an option for you. 57% of the students are offered federal grants about an amount of $4,199. The pell Grant average amount is $4,136 received by 57% of the students.

In addition to these, the state grants also cover up the expenses of 79% of the students and the average of it is $2,089. The student also depends upon the institutional scholarships and grants but only 4% of students get hold of them and the average amount is $890. The college spends a sum of $4,650,521 on financial aid.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,515

$30,001 - $48,000

$5,109

$48,001 - $75,000

$6,723

$75,001 - $110,000

$3,738

Over $110,000

N/A

If we try to perceive the amount of financial aid at TCAT Nashville, that students may receive in terms of their family income, we get the following data. Students might expect to get a sum of $5,515 as a financial aid given your family income is below $30,000. The sum might further get lowered for a family income between $30,001 to $48,000 and be $5,109.

If the student belongs to an income category of $48,001 to $75,000 the financial aid amount would now be $6,273. A massive reduction would occur as we move to the family income bracket of $48,001 to $75,000 the expected amount of financial aid can be $3,738 if the student belongs to an income category of $48,001 to $75,000.

Student Loans for Tennessee College of Applied Technology (TCAT) Nashville

Average Loan Amount Average Loan Amount received per year.

$4,600/Year

Students Taking Out Loans

N/A

Loan Default Rate

18.1%

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