$5,121

Avg. Federal Grant

$5,188

Avg. Federal Loan

$22,105,112

Total Aid Awarded

Tusculum College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$22.105M

Financial Aid Official Website

www.tusculum.edu/faid/

Interestingly, almost all of the students at TU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $5,599,321 in a year. Notably, a total of 55% of the applicants to Tusculum University receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 98% receive the Institution Grant, and 55% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,255, the State Grant receivers and Institution Grant beneficiaries get $5,213 and $15,919, respectively. And, for the Pell Grant awardees, the average aid amount is $4,910. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At TU, an estimated number of 66% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

49%

Institution Grant Aid

96%

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$5,121

State Grant Aid

$5,317

Institution Grant Aid

$14,182

Pell Grant

$4,837

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,503

$30,001 - $48,000

$20,077

$48,001 - $75,000

$18,474

$75,001 - $110,000

$16,123

Over $110,000

$16,139

Student Loans for Tusculum College

Average Loan Amount Average Loan Amount received per year.

$5,303/Year

Students Taking Out Loans

68%

Loan Default Rate

12.3%

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