by our College Data Analytics TeamMany students will never be charged 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 Coker University can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial aid solutions can Coker provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to find out what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Coker University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Coker University, 98% of first-time, full-time freshmen received some form of financial aid some 168 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $26,449 |
| Institutional grants & scholarships | 98% | $19,686 |
| Federal Pell grants | 42% | $5,878 |
| State/local grants | 53% | $7,657 |
| Federal student loans | 65% | $5,824 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Coker, roughly 64% of undergrads got grants or scholarships worth on average $24,717 (across approximately 759 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $24,717 |
| Federal Pell grants | 26% | $6,425 |
| Federal student loans | 42% | $7,273 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $25,519.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,448 |
| $30,001 – $75,000 | $16,330 |
| Over $75,000 | $19,860 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,286 |
| Off-campus title-IV students | $18,045 |
To get a personalized net price estimate, try Coker’s NPC: www.coker.edu/admissions-aid/traditional-students/costs-aid/financial-aid/net-price-calculator/.
The median federal debt load at Coker comes to $15,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
| Median federal debt (graduates only) | $26,000 |
| Typical 10-year monthly payment (graduates) | $275.64/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at Coker.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,500 |
| 75th percentile | $30,250 |
| 90th percentile (highest-debt students) | $43,750 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $15,505 |
| Middle income | $16,630 |
| High income | $13,750 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,000 |
| Continuing-generation students | $12,492 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,342 |
| Independent students | $23,052 |
A handful of calculated indicators summarize the debt outlook at Coker.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Coker:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6390 |
| Total Stafford loan amount | $155,357,941 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 14 |
| Total GI Bill amount | $253,592 |
| Average GI Bill amount per recipient | $18,114 |
References
More about our data sources and methodologies.