by our College Data Analytics TeamThe majority of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Thomas Edison State University can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will TESU provide, and just what are you going to be eligible for? Read on for answers. Keep going to see what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from Thomas Edison State University.
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.
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, roughly 27% of undergraduates were awarded an average grant or scholarship of $3,508 (across approximately 1859 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 27% | $3,508 |
| Federal Pell grants | 24% | $3,252 |
| Federal student loans | 24% | $7,045 |
The median student at TESU graduates with $7,813 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,813 |
| Median federal debt (graduates only) | $12,500 |
| Typical 10-year monthly payment (graduates) | $132.52/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at TESU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,233 |
| 25th percentile | $3,987 |
| 75th percentile | $13,225 |
| 90th percentile (highest-debt students) | $23,071 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,125 |
| Middle income | $8,332 |
| High income | $8,333 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,922 |
| Continuing-generation students | $7,178 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,314 |
| Independent students | $8,053 |
These indicators are derived from the underlying debt data and summarize the overall picture at TESU.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at TESU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16760 |
| Total Stafford loan amount | $240,561,517 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 952 |
| Total GI Bill amount | $4,938,331 |
| Average GI Bill amount per recipient | $5,187 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1613 |
| Total DoD amount | $3,241,210 |
| Average DoD amount per recipient | $2,009 |
References
More about our data sources and methodologies.