$4,891

Avg. Federal Grant

$5,907

Avg. Federal Loan

$24,748,299

Total Aid Awarded

Trevecca Nazarene University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$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%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

46%

Institution Grant Aid

100%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$4,891

State Grant Aid

$5,245

Institution Grant Aid

$13,133

Pell Grant

$4,667

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,130

$30,001 - $48,000

$20,558

$48,001 - $75,000

$17,839

$75,001 - $110,000

$15,893

Over $110,000

$15,001

Student Loans for Trevecca Nazarene University

Average Loan Amount Average Loan Amount received per year.

$6,848/Year

Students Taking Out Loans

56%

Loan Default Rate

5%

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