For the academic year 2023-2024, 84% of students received grants and/or scholarships and its average aid amount is $15,542.
Compared to the percent of received 10 years ago, more students received the financial aid from 82% to 86%. The average financial aid amount has increased from $10,011 to $14,705 at Tennessee Colleges.
The following table and chart show the trends of financial aid for all undergraduate students at Tennessee Colleges since 2014. For that period, the average number of students who received grants aid/scholarships is 146,542, which is 82.00 % of all undergraduate students.
86,528 students which is 56.56% of undergraduate students received federal student loans and the average loan amount: $7,285.
Over the past 10 years, on average, 31,097 (91.22 % of students) received grants or scholarships and its average amount is $13,565. It can cover 68.33% of tuition & fees ($19,853) based on out-of-state rate. In addition, 16,920 (59.67 % of students) students get helped from the students loans (average amount : $6,788).
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**Percentage of number of students receiving aids among all undergraduate students.
The following table shows the trends of grants or scholarships over time. Over the past 10 years, on average, 13,727 (50.56 % of students) received Pell (federal) grants and its average amount is $4,664. In addition, 20,351 students received State/local government grants/scholarships (50.11 % of students).
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time. Over the past 10 years, on average, 16,920 (59.67 % of students) get any students loan help and its average loan amount is $16,920.