by our College Data Analytics TeamMost students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Chowan University can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can Chowan University offer, and what will you qualify for? Keep reading for more information. Keep going to learn what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Chowan University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Chowan University, 100% of entering full-time freshmen got some type of financial assistance roughly 161 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $23,831 |
| Institutional grants & scholarships | 100% | $17,289 |
| Federal Pell grants | 58% | $6,048 |
| State/local grants | 39% | $6,474 |
| Federal student loans | 57% | $7,167 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Chowan University, approximately 96% of undergraduates were awarded an average grant or scholarship of $22,426 (across approximately 613 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $22,426 |
| Federal Pell grants | 57% | $5,703 |
| Federal student loans | 57% | $8,380 |
For students living on campus and receiving title-IV aid, grants averaged $24,941.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,980 |
| $30,001 – $75,000 | $15,126 |
| Over $75,000 | $20,531 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,086 |
| Off-campus title-IV students | $16,189 |
For a customized cost estimate, visit Chowan University’s official net price calculator: npc.collegeboard.org/app/chowan.
A typical borrower at Chowan University leaves with $15,250 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,250 |
| Median federal debt (graduates only) | $29,491 |
| Typical 10-year monthly payment (graduates) | $312.65/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at Chowan University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,587 |
| 25th percentile | $5,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $45,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $16,000 |
| Middle income | $15,000 |
| High income | $14,750 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,284 |
| Continuing-generation students | $15,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $20,000 |
The figure below distills the debt data into a single burden category for Chowan University.
Stafford loans make up the bulk of federal direct lending to undergraduates. The totals below capture Stafford lending at Chowan University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8833 |
| Total Stafford loan amount | $162,806,558 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 10 |
| Total GI Bill amount | $201,107 |
| Average GI Bill amount per recipient | $20,111 |
References
More about our data sources and methodologies.