$5,159

Avg. Federal Grant

$6,952

Avg. Federal Loan

$16,649,261

Total Aid Awarded

Tennessee Wesleyan University (TWU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

99%

Total Aid Amount Average Total Aid Awarded per year.

$16.649M

Financial Aid Official Website

www.tnwesleyan.edu/admissions/financial-aid/

Students can avail of scholarships provided by the university, 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. Interestingly, almost all of the students at TWU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $4,870,864 in a year. One can visit TWU's financial aid page at http://www.tnwesleyan.edu/admissions/financial-aid/ for more information. The total percentage of candidates applying to Tennessee Wesleyan University who receive the Federal Grant is 44%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 44% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,984, while the same comes to $5,167 for State Grant receivers and $15,037 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,779. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $24,745 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $24,766, while those falling in the $48,001-$75,000 income category get $24,536 a year. Those with an annual income level of $75,001-$110,000 would receive $22,985, while candidates with more than $110,000 of family income receive an average federal aid of $22,000. 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. Every year, around 48% of the applicants to Tennessee Wesleyan University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

65%

Institution Grant Aid

100%

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$5,159

State Grant Aid

$4,887

Institution Grant Aid

$13,953

Pell Grant

$4,994

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$23,852

$30,001 - $48,000

$19,145

$48,001 - $75,000

$20,706

$75,001 - $110,000

$16,399

Over $110,000

$16,757

Student Loans for Tennessee Wesleyan University (TWU)

Average Loan Amount Average Loan Amount received per year.

$7,375/Year

Students Taking Out Loans

61%

Loan Default Rate

10.7%

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