by our College Data Analytics TeamThe majority of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Tennessee College of Applied Technology - Memphis can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can TCAT - Memphis deliver, and just what are you going to be eligible for? Keep reading for answers. Keep going to see what amount of financial assistance could be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Tennessee College of Applied Technology - Memphis.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Tennessee College of Applied Technology - Memphis, 86% of first-time, full-time freshmen received some form of financial aid approximately 543 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $4,216 |
| Institutional grants & scholarships | 3% | $1,143 |
| Federal Pell grants | 67% | $3,409 |
| State/local grants | 67% | $1,937 |
| Federal student loans | 0% | — |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At TCAT - Memphis, around 87% of undergraduates were awarded an average grant or scholarship of $3,531 (for some 2064 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $3,531 |
| Federal Pell grants | 51% | $3,540 |
| Federal student loans | 0% | — |
On-campus students receiving title-IV aid were awarded grants averaging $4,103.
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 | $6,900 |
| $30,001 – $75,000 | $6,980 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,315 |
| Off-campus title-IV students | $7,429 |
For a customized cost estimate, visit TCAT - Memphis’s net price calculator: www.tcatmemphis.edu/future-students/net-price-calculator.
The figure below distills the debt data into a single burden category for TCAT - Memphis.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at TCAT - Memphis:
| Metric | Value |
|---|---|
| Stafford loan recipients | 126 |
| Total Stafford loan amount | $757,068 |
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 | 52 |
| Total GI Bill amount | $102,955 |
| Average GI Bill amount per recipient | $1,980 |
References
More about our data sources and methodologies.