by our College Data Analytics TeamMany students attending Tennessee Technological University can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
What financial aid options does Tennessee Tech University offer, and what will you qualify for? Keep scrolling for answers.
Tennessee Technological University average financial aid offer for freshmen students is $7,720.00. About 98% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Tennessee Technological University you may end up taking on.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers apply to scholarships and grants largely offered by the school itself.
47% of incoming freshmen (798 total) were awarded scholarships at Tennessee Technological University, averaging $4,640.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 91% of first-year students (1540 total) got federal grant aid, averaging $2,556.00 per person.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 18.54% | $12,897.00 |
| Income 30k-48k | 9.54% | $10,984.00 |
| Income 48k-75k | 11.67% | $6,870.00 |
| Income 75k-110k | 9.77% | $5,012.00 |
| Income 110k + | 11.49% | $4,508.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
1647 Tennessee Tech University undergrads obtain grant aid (this is about 98% of the entire undergraduate student population). The average amount these students receive is $7,720.00.
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.