Trevecca Nazarene University Financial Aid and Scholarships
Students Receiving Aid
78%
Total Aid Amount
$24.748M
Financial Aid Official Website
https://www.trevecca.edu/admissions/financial-aid-letter-from-our-president
Students can avail of scholarships provided by the university, such as Carnegie Dartlet $10,000 Scholarship, Chapter 105 - Memphis - Les Segar Memorial Scholarship, Childers Scholarship, and Chilton Scholarship, if they find educational expenses to be on the higher side. Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,358,053. At TNU, the total percentage of applicants who receive the Federal Grant stands at 41%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 41% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,991, the State Grant receivers and Institution Grant beneficiaries get $5,077 and $14,396, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,206. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Trevecca Nazarene University, the percentage of candidates who opt to avail of student loans is around 54%.
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