Tennessee Tech University Financial Aid and Scholarships
Students Receiving Aid
80%
Total Aid Amount
$60.487M
Financial Aid Official Website
https://www.tntech.edu/financialaid/
It is interesting to note that, every year, around 98% of students at TTU receive some kind of financial aid, while the total amount of assistance/loans provided is $20,827,790. At TTU, the total percentage of applicants who receive the Federal Grant stands at 37%. In comparison, 96% of the students are awarded the Student Grant, 48% get the Institution Grant, and 37% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,646, and the same stands at $4,220 for State Grant awardees and $4,001 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,408. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At TTU, an estimated number of 50% of the applicants choose to go for student loans.