$5,820

Avg. Federal Grant

$5,900

Avg. Federal Loan

$1,186,451

Total Aid Awarded

Thomas More College of Liberal Arts Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$1.186M

Financial Aid Official Website

www.thomasmorecollege.edu

Notably, 96% of the students at Thomas More College of Liberal Arts get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $393,155. One can visit TMCLA's financial aid page at http://www.thomasmorecollege.edu for more information. At TMCLA, the total percentage of applicants who receive the Federal Grant stands at 29%. On the other hand, 96% of the candidates get the Student Grant, 96% receive the Institution Grant, and 29% get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,159. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $18,665 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $22,540 and $16,812, respectively. Those with an annual income level of $75,001-$110,000 would receive $11,705, while candidates with more than $110,000 of family income receive an average federal aid of $7,788. 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. Every year, around 54% of the applicants to Thomas More College of Liberal Arts opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

N/A

Institution Grant Aid

100%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$5,820

State Grant Aid

N/A

Institution Grant Aid

$13,753

Pell Grant

$5,520

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$21,149

$30,001 - $48,000

$12,800

$48,001 - $75,000

$20,363

$75,001 - $110,000

N/A

Over $110,000

$9,800

Student Loans for Thomas More College of Liberal Arts

Average Loan Amount Average Loan Amount received per year.

$5,900/Year

Students Taking Out Loans

77%

Loan Default Rate

4.2%

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