$4,312

Avg. Federal Grant

$5,493

Avg. Federal Loan

$40,359,165

Total Aid Awarded

Trine University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

44%

Total Aid Amount Average Total Aid Awarded per year.

$40.359M

Financial Aid Official Website

www.trine.edu/admission-aid/tuition-aid/index.aspx

Students can avail of scholarships provided by the university, such as Alice Ann Garner Scholarship, Amy L. McKee-Everett Memorial Scholarship, Birds Eye Foods (Brooks Foods) Scholarship, and Blackford Agriculture Scholarship, if they find educational expenses to be on the higher side. It is interesting to note that, every year, around 99% of students at TU receive some kind of financial aid, while the total amount of assistance/loans provided is $9,350,747. More information regarding the financial assistance schemes can be accessed on TU’s official financial aid page at http://www.trine.edu/admission-aid/tuition-aid/index.aspx. The total percentage of candidates applying to Trine University who receive the Federal Grant is 34%. On the other hand, 96% of the candidates get the Student Grant, 93% receive the Institution Grant, and 34% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,319, while the same comes to $6,579 for State Grant receivers and $20,500 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,243. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $26,419 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $24,624, while those falling in the $48,001-$75,000 income category get $24,154 a year. Those with an annual income level of $75,001-$110,000 would receive $20,246, while candidates with more than $110,000 of family income receive an average federal aid of $17,178. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. Every year, around 74% of the applicants to Trine University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

32%

State Grant Aid

28%

Institution Grant Aid

98%

Pell Grant

32%

Average Aid Awarded

Federal Grant Aid

$4,312

State Grant Aid

$6,503

Institution Grant Aid

$19,561

Pell Grant

$4,187

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$27,320

$30,001 - $48,000

$30,748

$48,001 - $75,000

$25,927

$75,001 - $110,000

$23,570

Over $110,000

$17,084

Student Loans for Trine University

Average Loan Amount Average Loan Amount received per year.

$7,948/Year

Students Taking Out Loans

82%

Loan Default Rate

6.6%

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