Tennessee State University (TSU) Financial Aid and Scholarships 2021

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.