$4,607

Avg. Federal Grant

$4,317

Avg. Federal Loan

$60,486,616

Total Aid Awarded

Tennessee Tech University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

80%

Total Aid Amount Average Total Aid Awarded per year.

$60.487M

Financial Aid Official Website

https://www.tntech.edu/financialaid/

It is interesting to note that, every year, around 98% of students at TTU receive some kind of financial aid, while the total amount of assistance/loans provided is $20,827,790. At TTU, the total percentage of applicants who receive the Federal Grant stands at 37%. In comparison, 96% of the students are awarded the Student Grant, 48% get the Institution Grant, and 37% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,646, and the same stands at $4,220 for State Grant awardees and $4,001 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,408. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 TTU, an estimated number of 50% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

90%

Institution Grant Aid

47%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$4,607

State Grant Aid

$4,406

Institution Grant Aid

$4,828

Pell Grant

$4,512

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,200

$30,001 - $48,000

$10,834

$48,001 - $75,000

$6,895

$75,001 - $110,000

$5,002

Over $110,000

$5,355

Student Loans for Tennessee Tech University

Average Loan Amount Average Loan Amount received per year.

$5,892/Year

Students Taking Out Loans

49%

Loan Default Rate

5%

Other Colleges In Tennessee

Union University
Union University

Jackson, Tennessee

Lee University
Lee University

Cleveland, Tennessee

Lipscomb University
Lipscomb University

Nashville, Tennessee

Other Public Colleges

James Madison University (JMU)
James Madison University (JMU)

Harrisonburg, Virginia

West Chester University
West Chester University

West Chester, Pennsylvania

Charlotte Technical College (CTC)
Charlotte Technical College (CTC)

Port Charlotte, Florida