Financial Aid Trend at TCU

Q&A with Mike Scott and Heath Einstein

UCT registration fall 2022 is in, and the class of 2026 is incredibly academically gifted and diverse, in every sense of the word. Dean of Admissions Heath Einstein joins Vice Provost of Enrollment Management Mike Scott to tell us more about the freshman class, future classes, and why TCU’s commitment to increased financial aid is critical to expanding further the diversity and excellence of the university.

Q: Tell us about the class of 2026. What do you think sets this new group of horned frogs apart?

Einstein: The Class of 2026 is the most academically gifted incoming group of students in TCU history. It also beautifully reflects the rich mosaic of society in terms of religious, ethnic and socio-economic diversity. There has never been a cohort of students better equipped to become the leaders of tomorrow.

Q: We know that TCU is dedicated to making TCU more accessible to students and families by expanding its scholarship and financial aid opportunities. What can you tell us about the amount of aid granted for the year 2022-2023?

Scott: First off, I think it’s important to note that over 80% of TCU students receive some type of aid, including federal, state, and institutional aid. The total amount of aid TCU has administered for the 2022-2023 academic year is approximately $400 million. This is a 27% increase from what we administered three years ago. During the COVID-19 pandemic, we have significantly increased our commitment to needs-based funding for low-to-middle income families to help them through the crisis. From now on, we have decided to continue our increased commitment to accessibility in order to attract and retain talented students and a diversity of students. Much of our increase in scholarships and aid has been funded through campus-wide operational adjustments.

Q: What are TCU’s general goals for scholarships and financial aid? How will TCU continue to provide support to students and families?

Scott: Student access, enrollment and retention remains a priority for TCU. The Office of Scholarships and Financial Aid seeks to understand and minimize financial barriers for students and achieve enrollment goals.

As we look to the future, I believe TCU will continue to reward academic achievement and provide merit-based aid, while increasing financial aid for our low-to-middle income students. A good example is the wonderful $10 million gift we received from the Harrison family. Their generosity has allowed us to significantly strengthen our current commitment to middle-income students. Many of these families are not eligible for assistance based on standard methodologies for determining need.

Another example is our recent partnership with Tarrant To & Through, or T3 as it is more commonly known. This investment provides full tuition – and, in some cases, full need-based scholarships – to Tarrant County students. We have also begun offering full, need-based scholarships to many Pell-eligible Texas students and are already seeing significant growth in this underserved population. Of course, these are just a few of the many student cohorts that TCU appreciates and will continue to support as we increase our commitment to scholarships and financial aid in the future.

For students considering TCU, what advice would you give them on applying to TCU and applying for scholarships?

Einstein: Students should plan to submit their applications before the deadline to ensure that all supporting documents are received on time. As a selective institution, what we seek beyond evidence of academic preparation and potential is a desire to make meaningful connections in our community, demonstrating that authenticity in application matters. . Every student admitted to TCU is automatically considered for scholarships.

It is also equally important that students applying to TCU follow our step-by-step process covering what you need to do to apply for need-based financial assistance. The process begins by completing the Free Application for Federal Student Aid (FAFSA) and The College Board CSS Profile. Information and support resources for students are easily found on our Scholarships and financial aid website.

Q: What is the impact of the elective test on students applying to TCU? What should students applying in Fall 2023 need to know?

Einstein: We review applications holistically because more than admitting students into the classroom, we admit people into our community. Optional admission to the test helps us see the whole person. While a high score may improve an applicant’s profile, a low score within our applicant pool will not be held against a student. TCU’s optional test admissions policy has been extended through 2024, and you can read more about it in our frog blog.