$5,404

Avg. Federal Grant

$6,161

Avg. Federal Loan

$45,630,755

Total Aid Awarded

Tennessee State University (TSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$45.631M

Financial Aid Official Website

www.tnstate.edu/financial_aid/

Such schemes include Chapter 105 - Memphis - Les Segar Memorial Scholarship, Development Fund for Black Students in Science and Technology Scholarship, Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship, and Tennessee HOPE Scholarship. It is interesting to note that, every year, around 91% of students at TSU receive some kind of financial aid, while the total amount of assistance/loans provided is $26,865,330. One can visit TSU's financial aid page at http://www.tnstate.edu/financial_aid/ for more information. Notably, a total of 68% of the applicants to Tennessee State University receive the Federal Grant every year. In comparison, 82% of the students are awarded the Student Grant, 40% get the Institution Grant, and 68% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,310, and the same stands at $4,492 for State Grant awardees and $6,342 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,846. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At TSU, an estimated number of 79% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

73%

State Grant Aid

31%

Institution Grant Aid

34%

Pell Grant

73%

Average Aid Awarded

Federal Grant Aid

$5,404

State Grant Aid

$4,358

Institution Grant Aid

$8,347

Pell Grant

$4,948

TSU offers all undergraduate and graduate students pursuing a splendid degree under it. Their contribution in the form of diverse grant programs is listed:

  • Federal Grants: This caters to an approximate portion of 73% enrolled candidates with an average aid of $5,404.

  • Pell Grants: Around 73% of the students are offered with an average aid amounting to $4,948.

  • State Grants: This serves around 31% of the recipients with an average aid of $4,358.

  • Institutional Grants: This caters 34% of the students with an aid of $8,347 in average.

An average of $6,046 federal loans is offered by TSA for supporting the students with financial extremities.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,061

$30,001 - $48,000

$10,509

$48,001 - $75,000

$7,265

$75,001 - $110,000

$3,563

Over $110,000

$3,195

Considering family income, the students are categorised into separate groups. This assists the parents and students in availing financial aid with a distinctive range  fluctuating between $3,195 and $11,061 targeted to the group with income above $110,000 and the latter with an income range of $0 - $30,000.

The average financial aid amounts to $7,120 where a huge mass of recipients  receive financial aid of $7,256 who fall under the income category ranging from $48,001- $75,000.

Groups with income less than $75,000, receive financial aid of $10,509 where the income range is of $30,001 - $48,000. For income more than $75,000 that is $75,001 - $110,000 group receives  $14,727 financial reward.

Student Loans for Tennessee State University (TSU)

Average Loan Amount Average Loan Amount received per year.

$6,675/Year

Students Taking Out Loans

80%

Loan Default Rate

14.2%

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