The Masters University Financial Aid and Scholarships
Students Receiving Aid
85%
Total Aid Amount
$18.656M
Financial Aid Official Website
www.masters.edu/undergrad/financial-aid/
Students can avail of scholarships provided by the university, such as AWA Scholarship Awards, AWANA Scholarship, Academic Scholarship, and CCNMA Scholarship, if they find educational expenses to be on the higher side. As many as 62% of the students at TMUS get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,252,698 in a year. For additional information about financial assistance schemes, one can head over to TMUS’s financial aid page at http://www.masters.edu/undergrad/financial-aid/. At TMUS, the total percentage of applicants who receive the Federal Grant stands at 19%. On the other hand, 60% of the candidates get the Student Grant, 60% receive the Institution Grant, and 19% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,009, the State Grant receivers and Institution Grant beneficiaries get $7,649 and $6,664, respectively. And, for the Pell Grant awardees, the average aid amount is $4,062. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $25,330 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $21,488, while those falling in the $48,001-$75,000 income category get $21,263 a year. Those with an annual income level of $75,001-$110,000 would receive $17,917, while candidates with more than $110,000 of family income receive an average federal aid of $14,165. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At The Master's University and Seminary, the percentage of candidates who opt to avail of student loans is around 36%.
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