Directory of Grants and Scholarships in Tennessee

in State

A lot of students don’t think about the cost of college until it is too late, or they simply feel that it’s “normal” to acquire a mountain of debt in order to arrive at their diploma.

What about you? Have you given any thought to how you are going to pay for college?

If you’ll be attending a college or university in Tennessee, you could be in for a bit of shock financially. According to the Project on Student Debt, approximately 46% percent of Tennessee college students have an average of $20,000 worth of debt by the time they’ve completed their education.

This isn’t surprising, considering the fact that the National Center for Education Statistics states the average annual tuition for a four year public college in this state is about $12,800 and the average annual tuition for a four year private college is about $28,000.

That’s a lot of money. Even more surprising is the graduation and dropout rate for students attending a four-year public college in 2010, according to the Chronicle. Only 19.7% of students complete their education within four years, and only 45.5% of students earn their degree within six years.

If you don’t want to resort to dropping out of college due to financial strain or end up with a mountain of debt following you for the next 20 years or more, we’ve got good news for you.

Scholarships and grants are more plentiful than you may think, and can provide you with a large portion (or even all) of the financial assistance you need. Take a look at the following grants and scholarships available to you.

Grants and Scholarship Opportunities

  • Tennessee Dual Enrollment Grant – If you want to begin earning your college degree while still working toward your high school diploma, you may qualify for the TN dual enrollment grant. In order to qualify for this grant and earn up to $1,200 a year, you must have completed 10th grade, be a Tennessee resident, and be enrolled in college.
  • Tennessee Hope Scholarship – If your ACT score was at least 21 and a GPA of at least 3.0, you may be able to earn up to $6,000 for a four-year college and up to $3,000 for two-year colleges. Students who are eligible for the award will receive a portion for fall, spring, and summer semesters, divided equally.
  • Tennessee Hope Foster Child Tuition Grant – Students who were placed in the custody of child services in Tennessee after the age of 14, for at least one year may qualify for a full-ride scholarship to eligible colleges in Tennessee, minus any additional scholarships the student qualifies for.
  • Tennessee Hope Access Grant – The Hope Access Grant provides students with up to $2,750 a year for their college education. Students must have at least a 2.75 GPA and have a gross income of less than $36,000 a year. This grant is not renewable, and students must continue to be enrolled in the same university and meet all requirements associated with the grant while enrolled.
  • Scarlett Family Foundation Scholarship – Students who are pursuing their business degree and are interested in becoming entrepreneurs can earn up to $15,000 from the Scarlett Family Foundation a year. This money can be applied to tuition, books, supplies, and fees associated with obtaining the student’s undergraduate degree.
  • Tennessee Minority Teaching Fellows Program – Minority residents of Tennessee interested in obtaining their teaching degree can qualify for the Tennessee Minority Teaching Fellows Program. The program is available to both high school seniors and continuing college students who complete a 250 word essay describing why they would like to enter a career in teaching. Those who receive the award must promise to teach at a public school in Tennessee one year for every year they receive the reward.

If you are interested in attending a Tennessee college or university, make sure you are ready for the high cost of your education.

Start applying for scholarships and grants as early as possible to help you afford your degree.

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