by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Uncover the various financial aid options provided by Southwest and determine which ones you may be eligible for by continuing your exploration.
Financial Aid Information Unavailable for First-Year Students
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Southwest Tennessee Community College you may end up taking on.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers listed below make reference to help that is offered by Southwest Tennessee Community College.
4% of incoming freshmen (63 total) were given scholarships at Southwest Tennessee Community College, averaging $6,232.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 89% of first years (1471 total) were awarded federal grant aid, averaging $4,500.00 each.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 49.33% | $7,242.00 |
| Income 30k-48k | 12.91% | $6,247.00 |
| Income 48k-75k | 5.88% | $5,029.00 |
| Income 75k-110k | 0.12% | $5,369.00 |
| Income 110k + | 0.06% | $4,236.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
Of the 1650 undergraduate students at Southwest Tennessee Community College around 95% (1562 total) receive some form of grant aid. The typical amount awarded was $6,348.00.Most of them are distributed as Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.