$4,447

Avg. Federal Grant

$4,562

Avg. Federal Loan

$12,625,920

Total Aid Awarded

Thomas Nelson Community College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

48%

Total Aid Amount Average Total Aid Awarded per year.

$12.626M

Financial Aid Official Website

https://tncc.edu/pay/aid

Among them are scholarship programs such as Virginia Military Survivors and Dependents Education Program. As many as 63% of the students at TNCC get some sort of financial aid, and the total amount of assistance/loans provided is more than $6,069,317 in a year. More information regarding the financial assistance schemes can be accessed on TNCC’s official financial aid page at https://tncc.edu/pay/aid. The total percentage of candidates applying to Thomas Nelson Community College who receive the Federal Grant is 44%. On the other hand, 54% of the candidates get the Student Grant, 11% receive the Institution Grant, and 44% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,519, the State Grant receivers and Institution Grant beneficiaries get $1,276 and $1,247, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,254. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At TNCC, an estimated number of 17% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

45%

Institution Grant Aid

2%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$4,447

State Grant Aid

$1,298

Institution Grant Aid

$1,742

Pell Grant

$4,324

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,716

$30,001 - $48,000

$5,629

$48,001 - $75,000

$3,215

$75,001 - $110,000

$624

Over $110,000

N/A

Student Loans for Thomas Nelson Community College

Average Loan Amount Average Loan Amount received per year.

$4,852/Year

Students Taking Out Loans

18%

Loan Default Rate

15.6%

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