$4,765

Avg. Federal Grant

$3,096

Avg. Federal Loan

$3,700,054

Total Aid Awarded

Terra State Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

32%

Total Aid Amount Average Total Aid Awarded per year.

$3.700M

Financial Aid Official Website

www.terra.edu/AdmissionsandFinancialAid/FinancialAid.html

It is interesting to note that, every year, around 69% of students at TSCC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,809,015. Notably, a total of 44% of the applicants to Terra State Community College receive the Federal Grant every year. Meanwhile, 67% of the applicants receive the Student Grant and 37% are awarded the Institution Grant, while 44% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,623. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 37% of the applicants to Terra State Community College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

68%

State Grant Aid

2%

Institution Grant Aid

19%

Pell Grant

68%

Average Aid Awarded

Federal Grant Aid

$4,765

State Grant Aid

$772

Institution Grant Aid

$1,070

Pell Grant

$4,735

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,737

$30,001 - $48,000

$4,463

$48,001 - $75,000

$3,375

$75,001 - $110,000

$226

Over $110,000

$300

Student Loans for Terra State Community College

Average Loan Amount Average Loan Amount received per year.

$3,096/Year

Students Taking Out Loans

82%

Loan Default Rate

17.4%