Thomas More College of Liberal Arts Financial Aid and Scholarships
Students Receiving Aid
97%
Total Aid Amount
$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.
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