Troy University Financial Aid and Scholarships
Students Receiving Aid
72%
Total Aid Amount
$59.214M
Financial Aid Official Website
www.troy.edu/financialaid/
Troy University (TU), Troy, Alabama, provides financial assistance on the basis of the family’s ability to contribute. Last year, the university awarded over $59,214,315 in financial aid through scholarships, grants, loans, and work-study assistance.
About 72% of students receive grants per year. These monetary benefits enable students to pay for their education without even having to repay back if it is in the form of scholarships and grants. Also, remember that you have a work-study program where a student will be involved in part-time work to pay for his tuition.
Planning on how to pay for college can be challenging. We’re here to help guide you through the financial aid process and provide assistance with your student account. Don’t stress about student finances, you’ll have enough to do, like hanging out with friends and studying for your classes.
Scholarships
University provides scholarships on the basis of student’s academic achievements, proven leadership, and participation in extracurricular activities- both in their schools and their communities. TU’s merit-based scholarships are offered through the following programs:
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TROY Merit Scholarship is awarded to the Undergraduate and Graduate students based on the strength of their academic record.
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President’s Scholarship is offered to the fresher students of the university per semester.
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Dean’s Graduate Scholarship awarded to graduate students who have achieved academic achievements.
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Faculty Scholarship, awarded to those who scored excellent high school grades.
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Military and Family Scholarship awarded to those whose parent are actively or currently serving to the U.S. military.
Grants
Grants are gift assistance which is awarded on the basis of financial aid. Various grants awarded to the students at the university are as follows:
Federal Grants
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Federal Pell Grant, awarded only to those students who have not earned a bachelor’s degree.
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Federal Supplemental Educational Opportunity Grant(FSEOG), this grant is awarded to those students who have less financial need.
Loans
University provides loans to the students so that they can afford to pay for their education, this facility provided by the University really helpful for those applicants who are in need of financial support. The average federal loan amount is offered to the students of the University every year. Some of the educational loans offered by the TU are mentioned below:
Federal Perkins Loan.
Federal Perkin loans have varying loan limits and it depends on the year in school. Limits for undergraduate students to get this loan is up to $5,500 per year and for graduate and professional students.
Direct Subsidized and Unsubsidized Loan
These loans have varying loan limits depending on the year in school, dependency status, and the amount awarded by the institution.
To know more detailed information about these loans, you may visit the financial aid official website of the University.
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