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 sum total of attendance at Truett McConnell University can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial aid solutions can TMU provide, and just what are you going to be eligible for? Keep reading for answers. Read on to learn just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Truett McConnell University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Truett McConnell University, 100% of new full-time first-years were awarded at least some aid some 215 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $16,725 |
| Institutional grants & scholarships | 100% | $11,186 |
| Federal Pell grants | 33% | $5,719 |
| State/local grants | 82% | $4,428 |
| Federal student loans | 55% | $5,443 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At TMU, some 98% of undergraduates were awarded grant or scholarship aid averaging $6,587 (across approximately 2569 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $6,587 |
| Federal Pell grants | 10% | $5,363 |
| Federal student loans | 15% | $6,451 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $16,925.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,690 |
| $30,001 – $75,000 | $20,814 |
| Over $75,000 | $23,376 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,227 |
| Off-campus title-IV students | $22,328 |
For an estimate tailored to your family circumstances, see TMU’s online cost calculator: truett.edu/admissions/financial-aid/net-price-calculator/.
The middle student in the debt distribution at TMU owes $12,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,000 |
| Median federal debt (graduates only) | $23,439 |
| Typical 10-year monthly payment (graduates) | $248.49/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at TMU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $24,875 |
| 90th percentile (highest-debt students) | $31,125 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $17,169 |
| High income | $11,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $12,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,527 |
| Independent students | $25,000 |
A handful of calculated indicators summarize the debt outlook at TMU.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at TMU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3654 |
| Total Stafford loan amount | $48,014,786 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 12 |
| Total GI Bill amount | $197,167 |
| Average GI Bill amount per recipient | $16,431 |
References
More about our data sources and methodologies.