by our College Data Analytics TeamA lot of students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Tennessee Wesleyan University can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial assistance options will TWU offer, and what will you qualify for? Read on for more information. Read on to see how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Tennessee Wesleyan University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at Tennessee Wesleyan University, 100% of first-time, full-time freshmen received some form of financial aid approximately 168 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $24,692 |
| Institutional grants & scholarships | 100% | $16,733 |
| Federal Pell grants | 47% | $6,172 |
| State/local grants | 72% | $6,903 |
| Federal student loans | 57% | $5,418 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, some 91% of undergraduates were awarded an average grant or scholarship of $20,642 (for some 784 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $20,642 |
| Federal Pell grants | 39% | $5,795 |
| Federal student loans | 52% | $6,939 |
Title-IV recipients living on campus saw average grant aid of $24,604.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,794 |
| $30,001 – $75,000 | $13,270 |
| Over $75,000 | $17,551 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,836 |
| Off-campus title-IV students | $14,879 |
To get a personalized net price estimate, try TWU’s NPC: www.tnwesleyan.edu/tuition-aid/true-cost-calculator/.
The middle student in the debt distribution at TWU owes $14,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,000 |
| Median federal debt (graduates only) | $20,000 |
| Typical 10-year monthly payment (graduates) | $212.03/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at TWU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,591 |
| 25th percentile | $6,250 |
| 75th percentile | $24,500 |
| 90th percentile (highest-debt students) | $31,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $15,000 |
| Middle income | $13,137 |
| High income | $14,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,750 |
| Continuing-generation students | $12,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,000 |
| Independent students | $18,750 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. TWU.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at TWU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4653 |
| Total Stafford loan amount | $76,900,713 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 14 |
| Total GI Bill amount | $206,401 |
| Average GI Bill amount per recipient | $14,743 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $1,980 |
| Average DoD amount per recipient | $1,980 |
References
More about our data sources and methodologies.