The Kings University Financial Aid and Scholarships
Students Receiving Aid
70%
Total Aid Amount
$939.433K
Financial Aid Official Website
https://www.tku.edu/admissions/financial-aid/
Notably, 89% of the students at The King's University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $1,582,273. One can visit TKU's financial aid page at https://www.tku.edu/admissions/financial-aid/ for more information. Notably, a total of 63% of the applicants to The King's University receive the Federal Grant every year. In comparison, 89% of the students are awarded the Student Grant, 74% get the Institution Grant, and 63% of the applicants receive the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $3,455. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $6,265 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $5,890, while those falling in the $48,001-$75,000 income category get $2,220 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $3,077. And, for those with a family income of more than $110,000, the amount stands at $1,500. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At The King's University, the percentage of candidates who opt to avail of student loans is around 63%.
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