by our College Data Analytics TeamThe total cost of attendance at Troy University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$7,973.00 is the typical Troy University’s first year financial aid package. 94% of reshman students get financial aid, most of which is in the form of grants and scholarships
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Troy University.
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 numbers below apply to scholarships and grants primarily provided by Troy University.
52% of incoming freshmen (727 total) were awarded scholarships at Troy University, averaging $7,280.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 47% of freshman students (655 total) obtained federal grant aid, averaging $5,253.00 a piece.
Amount of Financial Assistance Per Income Level
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 | 64.37% | $6,399.00 |
| Income 30k-48k | 3.51% | $5,238.00 |
| Income 48k-75k | 2.15% | $5,202.00 |
| Income 75k-110k | 0.72% | $5,368.00 |
| Income 110k + | 0.22% | $5,110.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 1395 undergraduate students at Troy University around 94% (1107 total) receive some form of grant aid. The typical amount awarded was $7,973.00.
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.