$5,530

Avg. Federal Grant

$6,056

Avg. Federal Loan

$11,847,607

Total Aid Awarded

Thomas College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

47%

Total Aid Amount Average Total Aid Awarded per year.

$11.848M

Financial Aid Official Website

www.thomas.edu/fa/

Students can avail of scholarships provided by the college, such as Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Maine Difference Scholarship, and Maine Metal Products Association Scholarship, if they find educational expenses to be on the higher side. As many as 98% of the students at TC get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,827,527 in a year. One can visit TC's financial aid page at http://www.thomas.edu/fa/ for more information. At TC, the total percentage of applicants who receive the Federal Grant stands at 51%. In comparison, 98% of the students are awarded the Student Grant, 98% get the Institution Grant, and 51% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,673, while the same comes to $1,380 for State Grant receivers and $14,278 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,425. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $17,970 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $19,211, while those falling in the $48,001-$75,000 income category get $16,806 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $14,840. And, for those with a family income of more than $110,000, the amount stands at $10,927. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At TC, an estimated number of 93% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

36%

Institution Grant Aid

100%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$5,530

State Grant Aid

$1,406

Institution Grant Aid

$13,179

Pell Grant

$4,463

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$18,967

$30,001 - $48,000

$19,258

$48,001 - $75,000

$15,650

$75,001 - $110,000

$14,812

Over $110,000

$13,277

Student Loans for Thomas College

Average Loan Amount Average Loan Amount received per year.

$9,288/Year

Students Taking Out Loans

94%

Loan Default Rate

12.6%

Other Colleges In Maine

There is a private university in Biddeford, ME called University of New England. The foundation of University of New England was laid down in the year 1831. Keeping the pursuit of research, innovation, and excellence at the center, University of New England has been imparting quality education to

Biddeford, Maine 4 years Private Not-For-Profit

  • The student-faculty ratio is 9:1.

  • The graduation rate of the university is 94%.

  • College accreditation - The college is regionally accredited and recognized by the New England Association of

Brunswick, Maine 4 years Private Not-For-Profit

#N/A

Portland, Maine 4 years Public

Other Colleges In Waterville

There is a private university in Waterville, ME called Colby College. Colby College was founded in the year 1813. Colby College believes in imparting education and contributing to society by focusing on innovation, research, education, and commitment. The motto of the university is Lux Mentis Sci

Waterville, Maine 4 years Private Not-For-Profit

Other Private not-for-profit Colleges

The student population of Remington College's main campus ( Lake Mary, Florida ) is 325 and a student-faculty ratio of 8:1. The student population is predominantly female with 93%. Overall the student base is very diverse with 17 % white Americans, 34% African Am

Lake Mary, Florida 4 years Private Not-For-Profit

Strategy, Innovation, Positivity, Collaboration, and Transformation are the key SCAD values that the university promises to provide. The SCAD Bee is the official Mascot of the university.

  • The total population of the college is 12,364 out of which 10,108 are full-timers and 2,2

Savannah, Georgia 4 years Private Not-For-Profit

Located in Lima, OH, University of Northwestern Ohio is a private university. In 1920, University of Northwestern Ohio was founded. Notably, the official colors of the university are burgundy and gray. Out of total 4,500 students enrolled at UNO, 3,158 belong to undergraduate courses while 63 are po

Lima, Ohio 4 years Private Not-For-Profit