$5,249

Avg. Federal Grant

$5,487

Avg. Federal Loan

$7,661,558

Total Aid Awarded

Texarkana College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

41%

Total Aid Amount Average Total Aid Awarded per year.

$7.662M

Financial Aid Official Website

https://www.texarkanacollege.edu/financial-aid/

As many as 87% of the students at TC get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,961,083 in a year. One can visit TC's financial aid page at https://www.texarkanacollege.edu/financial-aid/ for more information. Notably, a total of 76% of the applicants to Texarkana College receive the Federal Grant every year. Meanwhile, 83% of the applicants receive the Student Grant and 19% are awarded the Institution Grant, while 76% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,563, while the same comes to $2,500 for State Grant receivers and $3,009 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,278. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. Candidates are also required to repay these loans within a given period. At Texarkana College, the percentage of candidates who opt to avail of student loans is around 20%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

73%

State Grant Aid

14%

Institution Grant Aid

16%

Pell Grant

73%

Average Aid Awarded

Federal Grant Aid

$5,249

State Grant Aid

$2,560

Institution Grant Aid

$3,091

Pell Grant

$5,241

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,169

$30,001 - $48,000

$5,620

$48,001 - $75,000

$4,718

$75,001 - $110,000

$286

Over $110,000

N/A

Student Loans for Texarkana College

Average Loan Amount Average Loan Amount received per year.

$5,487/Year

Students Taking Out Loans

23%

Loan Default Rate

23.8%

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