$4,473

Avg. Federal Grant

$5,392

Avg. Federal Loan

$38,191,948

Total Aid Awarded

Truman State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

79%

Total Aid Amount Average Total Aid Awarded per year.

$38.192M

Financial Aid Official Website

financialaid.truman.edu

As many as 99% of the students at TSU get some sort of financial aid, and the total amount of assistance/loans provided is more than $12,667,500 in a year. More information regarding the financial assistance schemes can be accessed on TSU’s official financial aid page at http://financialaid.truman.edu. Notably, a total of 23% of the applicants to Truman State University receive the Federal Grant every year. In comparison, 99% of the students are awarded the Student Grant, 99% get the Institution Grant, and 22% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,521, the State Grant receivers and Institution Grant beneficiaries get $2,767 and $5,892, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,407. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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. At Truman State University, the percentage of candidates who opt to avail of student loans is around 46%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

26%

State Grant Aid

61%

Institution Grant Aid

99%

Pell Grant

26%

Average Aid Awarded

Federal Grant Aid

$4,473

State Grant Aid

$2,881

Institution Grant Aid

$6,011

Pell Grant

$4,352

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,515

$30,001 - $48,000

$11,852

$48,001 - $75,000

$9,327

$75,001 - $110,000

$6,220

Over $110,000

$4,779

Student Loans for Truman State University

Average Loan Amount Average Loan Amount received per year.

$6,192/Year

Students Taking Out Loans

47%

Loan Default Rate

3.7%

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