The College of New Jersey (TCNJ) Financial Aid and Scholarships
Students Receiving Aid
41%
Total Aid Amount
$26.538M
Financial Aid Official Website
financialaid.tcnj.edu
It is interesting to note that, every year, around 81% of students at TCNJ receive some kind of financial aid, while the total amount of assistance/loans provided is $23,374,257. For additional information about financial assistance schemes, one can head over to TCNJ’s financial aid page at http://financialaid.tcnj.edu. Notably, a total of 19% of the applicants to The College of New Jersey receive the Federal Grant every year. Meanwhile, 50% of the applicants receive the Student Grant and 41% are awarded the Institution Grant, while 19% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,088, the State Grant receivers and Institution Grant beneficiaries get $7,750 and $7,382, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,594. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At TCNJ, an estimated number of 53% of the applicants choose to go for student loans.
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