$5,575

Avg. Federal Grant

$6,159

Avg. Federal Loan

$53,889,321

Total Aid Awarded

Thomas Jefferson University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

79%

Total Aid Amount Average Total Aid Awarded per year.

$53.889M

Financial Aid Official Website

www.jefferson.edu/financialaid/

As many as 99% of the students at TJU get some sort of financial aid, and the total amount of assistance/loans provided is more than $19,530,846 in a year. For additional information about financial assistance schemes, one can head over to TJU’s financial aid page at http://www.philau.edu/financialaid/. Notably, a total of 36% of the applicants to Thomas Jefferson University receive the Federal Grant every year. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 36% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,866, and the same stands at $3,667 for State Grant awardees and $28,053 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,778. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $34,269 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $33,350, while those falling in the $48,001-$75,000 income category get $30,928 a year. On the other hand, the average federal aid stands at $27,186 for those with an annual family income between $75,001 and $110,000, and at $21,263 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 Thomas Jefferson University, the percentage of candidates who opt to avail of student loans is around 69%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

37%

State Grant Aid

27%

Institution Grant Aid

98%

Pell Grant

37%

Average Aid Awarded

Federal Grant Aid

$5,575

State Grant Aid

$3,663

Institution Grant Aid

$26,100

Pell Grant

$4,642

Students get the opportunity to take up different grants; federal, institutional, or state grants. The data shown below regarding the different aids sheds some light on how accessible these aids are to students and how much guarantee it could give them when it comes to receiving them.

  • In total, at least 79% of students receive financial aid.

  • Almost 37% of the students receive an average of US$5,575 in the form of Federal Grants.

  • 98% of grant recipients receive the Pell Grant at an average of US$26,100.

  • The average Institutional Grant Aid average comes up to US$27,337 among 91% of students who receive it.

  • 27% of the students receive an average of US$3,663 in the form of state grants.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$37,126

$30,001 - $48,000

$35,748

$48,001 - $75,000

$33,194

$75,001 - $110,000

$30,116

Over $110,000

$24,607

Financial aid in the form of federal aid is provided to a student to fulfill the required need, depending upon the income of the student’s family. It segregated into five different income ranges of the student of the student’s family. This segregation will help determine the appropriate average amount of federal aid students may receive depending on their family income.

The average federal aid in Thomas Jefferson University is calculated according to the family income of the student. Depending on the financial aid available to the family or the student, the income bracket may either pay more or less than the overall average costs.

The federal aid for family incomes ranging between US$0-30,000 is a bit higher as the need is also high in that case, so the aid provided is US$37,126. A slight change is observed with the changing range from US$30,001-48,000; the aid provided for it is US$35,748. For income ranges between US$48,001-75,000, the aid provided is US$33,194. When the income range decreases, the aid amount decreases to US$30,116. When the range becomes US$110,000 and more, the aid amount becomes US$24,607.

Student Loans for Thomas Jefferson University

Average Loan Amount Average Loan Amount received per year.

$8,547/Year

Students Taking Out Loans

73%

Loan Default Rate

3.3%

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