$2,355

Avg. Federal Grant

$6,227

Avg. Federal Loan

$2,564,193

Total Aid Awarded

Thomas University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

60%

Total Aid Amount Average Total Aid Awarded per year.

$2.564M

Financial Aid Official Website

www.thomasu.edu/Content/Default/12/14/0/financial-aid/financial-aid.html

As many as 97% of the students at TU get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,062,463 in a year. The total percentage of candidates applying to Thomas University who receive the Federal Grant is 47%. In comparison, 97% of the students are awarded the Student Grant, 84% get the Institution Grant, and 44% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $2,313, the State Grant receivers and Institution Grant beneficiaries get $1,662 and $3,504, respectively. On the other hand, the average aid received by the Pell Grant awardees is $1,556. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 60% of the applicants to Thomas University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

93%

State Grant Aid

93%

Institution Grant Aid

93%

Pell Grant

93%

Average Aid Awarded

Federal Grant Aid

$2,355

State Grant Aid

$977

Institution Grant Aid

$6,525

Pell Grant

$2,178

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,068

$30,001 - $48,000

$4,989

$48,001 - $75,000

$1,252

$75,001 - $110,000

$11,231

Over $110,000

N/A

Student Loans for Thomas University

Average Loan Amount Average Loan Amount received per year.

$8,559/Year

Students Taking Out Loans

93%

Loan Default Rate

11.1%