Tougaloo College Financial Aid and Scholarships
Students Receiving Aid
98%
Total Aid Amount
$5.231M
Financial Aid Official Website
www.tougaloo.edu/admissions/office-student-financial-aid
Among them are scholarship programs such as Aura Neely-Gary Memorial Scholarship Fund, Critical Needs Teacher Loan/Scholarship, Mississippi Eminent Scholars Grant, and Mississippi Tuition Assistance Grant. Interestingly, almost all of the students at TC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $5,411,363 in a year. For additional information about financial assistance schemes, one can head over to TC’s financial aid page at http://www.tougaloo.edu/admissions/office-student-financial-aid. At TC, the total percentage of applicants who receive the Federal Grant stands at 78%. Meanwhile, 99% of the applicants receive the Student Grant and 41% are awarded the Institution Grant, while 78% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $6,798, the State Grant receivers and Institution Grant beneficiaries get $2,576 and $9,419, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,962. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $11,818 on average in a year. The average aid amount stands at $11,364 for an annual family income between $30,001 and $48,000. This amount comes to $3,214 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $923, while candidates with more than $110,000 of family income receive an average federal aid of $650. 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. At Tougaloo College, the percentage of candidates who opt to avail of student loans is around 67%.
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