Undergraduate Financial Aid at Tennessee’s Historically Black Colleges and Universities (HBCUs) August 2018

State Financial Aid, 2016-17 $10 million Total state financial aid dollars awarded to students at Tennessee’s HBCUs in 2016-17

$5.9 Tennessee Student Assistance Awards (TSAA) awarded to American Baptist College, Fisk million University, Lane College, LeMoyne-Owen College, and Tennessee State University students

$2.2 HOPE Aspire scholarships awarded to Fisk University, Lane College, LeMoyne-Owen million College, and Tennessee State University students

$1.5 HOPE scholarships awarded to Fisk University, Lane College, LeMoyne-Owen College, and million Tennessee State University students

Source: Tennessee Student Assistance Corporation, 2017 Grant and Scholarship Summary Report

Undergraduate Tuition and Fees, 2017-18

Institution Tuition and Fees National Median* American Baptist College $10,074 Public: $7,894 Fisk University $21,480 Private, not-for-profit: Lane College $10,690 $27,755

LeMoyne-Owen College $11,196 *Median includes all Title IV, Tennessee State University $7,776 four-year institutions (public and private, not-for-profit) in the Source: IPEDS, available at https://nces.ed.gov/ipeds/ United States.

Federal Student Loan Take-Up, 2016-17* Key Takeaways

• Compared to median tuition 94% 75% 81% and fees in the U.S., Tennessee’s HBCUs are an affordable option. • The high rates of student American Fisk Lane loan take-up indicate that Baptist University College affordability challenges remain College for students at Tennessee’s 88% 78% HBCUs. • The high rates of student loan LeMoyne-Owen Tennessee take-up demonstrate the need College State University for detailed study and closer *Includes only full-time, beginning, undergraduate students examination. Source: IPEDS, available at https://nces.ed.gov/ipeds/