$2,522

Avg. Federal Grant

$6,240

Avg. Federal Loan

$6,788,388

Total Aid Awarded

Texas College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

92%

Total Aid Amount Average Total Aid Awarded per year.

$6.788M

Financial Aid Official Website

www.texascollege.edu/pages/admissions/financial-aid

It is interesting to note that, every year, around 78% of students at TC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,346,031. At TC, the total percentage of applicants who receive the Federal Grant stands at 70%. In comparison, 78% of the students are awarded the Student Grant, 22% get the Institution Grant, and 70% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,503, and the same stands at $4,010 for State Grant awardees and $2,493 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,443. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Texas College, the percentage of candidates who opt to avail of student loans is around 68%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

100%

State Grant Aid

63%

Institution Grant Aid

56%

Pell Grant

71%

Average Aid Awarded

Federal Grant Aid

$2,522

State Grant Aid

$3,364

Institution Grant Aid

$2,167

Pell Grant

$2,534

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,171

$30,001 - $48,000

$5,726

$48,001 - $75,000

$5,500

$75,001 - $110,000

$5,305

Over $110,000

$2,894

Student Loans for Texas College

Average Loan Amount Average Loan Amount received per year.

$6,561/Year

Students Taking Out Loans

89%

Loan Default Rate

23.7%

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