by our College Data Analytics TeamThe total cost of attendance at Chowan University 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 Chowan University and determine which ones you may be eligible for by continuing your exploration.
$20,367.00 is the typical Chowan University’s first year financial aid package. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Chowan University you may end up taking on.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers pertain to assistance that is supplied by Chowan University.
100% of incoming freshmen (378 total) were given scholarships at Chowan University, averaging $13,242.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 78% of freshman students (296 total) obtained federal grant aid, averaging $6,647.00 a piece.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 49.21% | $21,898.00 |
| Income 30k-48k | 18.52% | $21,860.00 |
| Income 48k-75k | 11.64% | $19,585.00 |
| Income 75k-110k | 8.47% | $17,914.00 |
| Income 110k + | 7.41% | $11,497.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 378 undergraduate students at Chowan University around 100% (378 total) receive some form of grant aid. The typical amount awarded was $20,367.00.
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.
