by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
What financial aid options does ETSU offer, and what will you qualify for? Keep scrolling for answers.
East Tennessee State University average financial aid offer for freshmen students is $8,577.00. Approximately 100% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at East Tennessee State University.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers pertain to assistance that is supplied by East Tennessee State University.
56% of new students (991 total) were offered scholarships at East Tennessee State University, averaging $5,075.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 91% of freshmen (1611 total) obtained a federal grant, for about $3,004.00 a piece.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 23.59% | $12,840.00 |
| Income 30k-48k | 9.37% | $11,358.00 |
| Income 48k-75k | 9.82% | $7,210.00 |
| Income 75k-110k | 7.62% | $4,687.00 |
| Income 110k + | 7.73% | $4,471.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
100% of the 1772 undergraduates at East Tennessee State University receive some sort of grant aid. This is a total of about 1709 students getting an average of $8,577.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.