by our College Data Analytics TeamA large number 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 total cost of going to Tennessee College of Applied Technology - Morristown can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financial assistance options will TCAT - Morristown offer you, and what will you qualify for? Read on for more information. Read on to discover just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Tennessee College of Applied Technology - Morristown.
Financial 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. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Tennessee College of Applied Technology - Morristown, 91% of the incoming full-time class was awarded financial aid around 348 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $4,840 |
| Institutional grants & scholarships | 1% | $1,515 |
| Federal Pell grants | 65% | $3,896 |
| State/local grants | 87% | $2,089 |
| Federal student loans | 0% | — |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At TCAT - Morristown, about 91% of undergraduates were awarded an average grant or scholarship of $4,084 (across roughly 1077 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $4,084 |
| Federal Pell grants | 51% | $4,021 |
| Federal student loans | 0% | — |
On-campus students receiving title-IV aid were awarded grants averaging $4,387.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $9,871 |
| $30,001 – $75,000 | $8,754 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,910 |
| Off-campus title-IV students | $9,798 |
For a personalized estimate based on your family’s financial situation, use TCAT - Morristown’s NPC: tcatmorristown.edu/sites/default/files/netprice_calc/index.html.
The figure below distills the debt data into a single burden category for TCAT - Morristown.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at TCAT - Morristown:
| Metric | Value |
|---|---|
| Stafford loan recipients | 37 |
| Total Stafford loan amount | $161,380 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 32 |
| Total GI Bill amount | $65,679 |
| Average GI Bill amount per recipient | $2,052 |
References
More about our data sources and methodologies.