by our College Data Analytics TeamThe total cost of attendance at Chipola College can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Uncover the various financial aid options provided by Chipola and determine which ones you may be eligible for by continuing your exploration.
Financial Aid for First Years Students Not Known
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Chipola College.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
19% of new students (60 total) were given scholarships at Chipola College, averaging $4,345.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 64% of freshmen (196 total) obtained a federal grant, for about $4,756.00 a piece.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 26.62% | $8,570.00 |
| Income 30k-48k | 12.01% | $6,933.00 |
| Income 48k-75k | 5.52% | $4,732.00 |
| Income 75k-110k | 0.65% | $4,710.00 |
| Income 110k + | 0.00% | $0.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
253 Chipola undergrads obtain grant aid (this is about 92% of the entire undergraduate student population). The average amount these students receive is $5,588.00.The bulk of which are Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.