by our College Data Analytics TeamA large number of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Coba Academy can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial aid options can Coba Academy offer you, 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Coba Academy.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at Coba Academy, 83% of first-year full-time students received aid of some kind some 43 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $6,614 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 71% | $6,443 |
| State/local grants | 0% | — |
| Federal student loans | 77% | $6,969 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 66% of undergraduate students received gift aid averaging $4,797 (covering around 128 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 66% | $4,797 |
| Federal Pell grants | 66% | $4,677 |
| Federal student loans | 66% | $5,712 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $2,041.
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 | $16,121 |
| $30,001 – $75,000 | $17,721 |
| Over $75,000 | $20,602 |
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 | $22,217 |
| Off-campus title-IV students | $20,237 |
To get a personalized net price estimate, try Coba Academy’s official net price calculator: coba.edu/NetPrice/npcalc.htm.
A typical borrower at Coba Academy leaves with $6,333 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,333 |
| Median federal debt (graduates only) | $6,333 |
| Typical 10-year monthly payment (graduates) | $67.14/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Coba Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,632 |
| 75th percentile | $13,561 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,226 |
| Independent students | $6,333 |
A handful of calculated indicators summarize the debt outlook at Coba Academy.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Coba Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 717 |
| Total Stafford loan amount | $6,916,212 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $47,825 |
| Average GI Bill amount per recipient | $11,956 |
References
More about our data sources and methodologies.