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.
What financial aid options does TCNJ offer, and what will you qualify for? Keep scrolling for answers.
$10,868.00 is the typical The College of New Jersey’s first year financial aid package. 82% of first-year students are awarded financial aid, primarily comprising loans.
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 The College of New Jersey you may end up taking on.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The following numbers apply to scholarships and grants largely offered by the school itself.
43% of incoming freshmen (696 total) were awarded scholarships at The College of New Jersey, averaging $7,517.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 18% of first years (296 total) were awarded federal grant aid, averaging $5,201.00 each.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 7.30% | $21,229.00 |
| Income 30k-48k | 5.74% | $20,125.00 |
| Income 48k-75k | 4.62% | $10,068.00 |
| Income 75k-110k | 3.93% | $3,121.00 |
| Income 110k + | 9.93% | $1,805.00 |
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 1602 undergraduate students at The College of New Jersey around 82% (820 total) receive some form of grant aid. The typical amount awarded was $10,868.00.
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.