$5,389

Avg. Federal Grant

N/A

Avg. Federal Loan

$1,392,512

Total Aid Awarded

Tennessee College of Applied Technology (TCAT) McKenzie Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

91%

Total Aid Amount Average Total Aid Awarded per year.

$1.393M

Financial Aid Official Website

https://tcatmckenzie.edu/future-students/financial-aid

Among them are scholarship programs such as Chapter 105 - Memphis - Les Segar Memorial Scholarship, Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship, Tennessee HOPE Scholarship, and Tennessee Student Assistance Award. It is interesting to note that almost every student at TCATM receives some kind of financial aid. At TCATM, the total percentage of applicants who receive the Federal Grant stands at 81%. On the other hand, 100% of the candidates get the Student Grant, while 80% receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $5,531. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

61%

State Grant Aid

97%

Institution Grant Aid

N/A

Pell Grant

61%

Average Aid Awarded

Federal Grant Aid

$5,389

State Grant Aid

$2,802

Institution Grant Aid

N/A

Pell Grant

$5,337

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,411

$30,001 - $48,000

$4,084

$48,001 - $75,000

N/A

$75,001 - $110,000

$3,870

Over $110,000

N/A

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