$4,733

Avg. Federal Grant

$5,457

Avg. Federal Loan

$26,538,350

Total Aid Awarded

The College of New Jersey (TCNJ) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

41%

Total Aid Amount Average Total Aid Awarded per year.

$26.538M

Financial Aid Official Website

financialaid.tcnj.edu

It is interesting to note that, every year, around 81% of students at TCNJ receive some kind of financial aid, while the total amount of assistance/loans provided is $23,374,257. For additional information about financial assistance schemes, one can head over to TCNJ’s financial aid page at http://financialaid.tcnj.edu. Notably, a total of 19% of the applicants to The College of New Jersey receive the Federal Grant every year. Meanwhile, 50% of the applicants receive the Student Grant and 41% are awarded the Institution Grant, while 19% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,088, the State Grant receivers and Institution Grant beneficiaries get $7,750 and $7,382, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,594. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At TCNJ, an estimated number of 53% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

17%

State Grant Aid

15%

Institution Grant Aid

44%

Pell Grant

17%

Average Aid Awarded

Federal Grant Aid

$4,733

State Grant Aid

$7,474

Institution Grant Aid

$7,757

Pell Grant

$4,550

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$21,428

$30,001 - $48,000

$18,882

$48,001 - $75,000

$9,212

$75,001 - $110,000

$3,696

Over $110,000

$2,138

Student Loans for The College of New Jersey (TCNJ)

Average Loan Amount Average Loan Amount received per year.

$9,692/Year

Students Taking Out Loans

54%

Loan Default Rate

2.4%

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