by our College Data Analytics TeamThe majority 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 price tag of going to Tougaloo College can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financial aid solutions can Tougaloo provide, and just what are you going to be eligible for? Keep reading for answers. Keep reading to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Tougaloo College.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. However, some types of aid are more desirable than others, and some students will receive more than others.
At Tougaloo College, 94% of the incoming full-time class was awarded financial aid some 117 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $9,900 |
| Institutional grants & scholarships | 48% | $5,072 |
| Federal Pell grants | 76% | $3,423 |
| State/local grants | 16% | $1,963 |
| Federal student loans | 49% | $3,381 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Tougaloo, around 77% of undergraduates were awarded grant or scholarship aid averaging $6,803 (among about 545 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $6,803 |
| Federal Pell grants | 63% | $3,287 |
| Federal student loans | 60% | $1,664 |
For on-campus title-IV students, average grant aid came to $7,196.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,896 |
| $30,001 – $75,000 | $18,040 |
| Over $75,000 | $21,770 |
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 | $17,043 |
| Off-campus title-IV students | $15,663 |
For an estimate tailored to your family circumstances, see Tougaloo’s online cost calculator: www.tougaloo.edu/admissions/office-student-financial-aid/net-price-calculator.
The middle student in the debt distribution at Tougaloo owes $23,098 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $23,098 |
| Median federal debt (graduates only) | $30,046 |
| Typical 10-year monthly payment (graduates) | $318.54/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Tougaloo.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $9,500 |
| 75th percentile | $38,231 |
| 90th percentile (highest-debt students) | $50,250 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $25,000 |
| Middle income | $21,486 |
| High income | $15,830 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $23,750 |
| Continuing-generation students | $20,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $22,000 |
| Independent students | $26,250 |
A handful of calculated indicators summarize the debt outlook at Tougaloo.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Tougaloo:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6465 |
| Total Stafford loan amount | $166,488,594 |
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 | 2 |
| Total GI Bill amount | $24,579 |
| Average GI Bill amount per recipient | $12,290 |
References
More about our data sources and methodologies.