$4,713

Avg. Federal Grant

$5,335

Avg. Federal Loan

$153,532,574

Total Aid Awarded

Texas Christian University (TCU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$153.533M

Financial Aid Official Website

financialaid.tcu.edu/

As many as 83% of the students at TCU get some sort of financial aid, and the total amount of assistance/loans provided is more than $18,254,244 in a year. Notably, a total of 12% of the applicants to Texas Christian University receive the Federal Grant every year. On the other hand, 76% of the candidates get the Student Grant, 75% receive the Institution Grant, and 12% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,257, the State Grant receivers and Institution Grant beneficiaries get $3,799 and $26,595, respectively. And, for the Pell Grant awardees, the average aid amount is $4,723. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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. Every year, around 30% of the applicants to Texas Christian University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

12%

State Grant Aid

11%

Institution Grant Aid

69%

Pell Grant

12%

Average Aid Awarded

Federal Grant Aid

$4,713

State Grant Aid

$3,901

Institution Grant Aid

$24,195

Pell Grant

$4,492

TCU gives ample opportunities to its students to get the required financial assistance from its financial aid office. Therefore, it is also required for students to know the scope and share of different types of aid provided to them.

  • The percentage of students receiving aid comes to about 69%.

  • The percentage of students receiving Federal Grant Aid is 12%

  • The average aid given under Pell Grant is $4,492.

  • The average aid given under State Grant is $3,901.

  • The average aid given under Institution Grant is $24,195.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$38,299

$30,001 - $48,000

$36,038

$48,001 - $75,000

$33,533

$75,001 - $110,000

$28,867

Over $110,000

$16,353

At TCU, financial assistance is also provided on the basis of your family’s income. The family income under $30,000 per annum would get around $38,299 as financial aid. In the same way those with $30,001 - $48,000 and $48,001 to $75,000 would get $36,038 and $33,533 respectively. While those who hold the income level of $75,001 - $110,000 and $110,000+ would receive $28,867 and $16,353.

Student Loans for Texas Christian University (TCU)

Average Loan Amount Average Loan Amount received per year.

$14,443/Year

Students Taking Out Loans

30%

Loan Default Rate

3.7%

Loans are a form of financial aid that has to be repaid, with interest, even after graduation.

TCU Financial Office begins to process loans according to the upcoming term. For Summer term, the processing begins in April and for Fall-Spring it begins in May.

What is the total loan amount that I’ll be receiving?

Around 30% of total number of students end up taking loans after becoming a part of TCU with the average loan amount that a student can receive being $14,443.

So, the percentage of all outstanding loans that a lender has written off after a prolonged period of missed payment is 3.7%

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