$4,563

Avg. Federal Grant

$5,454

Avg. Federal Loan

$23,309,709

Total Aid Awarded

Thomas More College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

67%

Total Aid Amount Average Total Aid Awarded per year.

$23.310M

Financial Aid Official Website

www.thomasmore.edu/financial_aid/

Among them are scholarship programs such as NEEBC Scholarship Award. It is interesting to note that almost every student at TMU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $7,378,855. The total percentage of candidates applying to Thomas More University who receive the Federal Grant is 45%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 45% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,565, while the same comes to $4,289 for State Grant receivers and $16,312 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,241. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Thomas More University, the percentage of candidates who opt to avail of student loans is around 69%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

47%

State Grant Aid

58%

Institution Grant Aid

99%

Pell Grant

46%

Average Aid Awarded

Federal Grant Aid

$4,563

State Grant Aid

$4,072

Institution Grant Aid

$15,516

Pell Grant

$4,392

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$23,298

$30,001 - $48,000

$24,487

$48,001 - $75,000

$21,091

$75,001 - $110,000

$17,596

Over $110,000

$17,558

Student Loans for Thomas More College

Average Loan Amount Average Loan Amount received per year.

$6,554/Year

Students Taking Out Loans

75%

Loan Default Rate

8.4%

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