Understanding Covenant's FinAid Info
Are you aware financial aid accessibility is determined by different requirements? Keep reading to find information to enable you to understand how much aid and scholarships to expect from Covenant College.
How Many Students Get Financial Assistance?
Covenant College's typical financial aid deal for incoming first years is $23,279. About 98.0% of incoming students receive some kind of financial assistance, the majority of which is in the form of scholarships and grants.
Financial aid helps lower the expense, or the full retail price of the college. However, be aware that the only real discounts off the cost of college are in the form of grants and scholarships.
Student debt ought to be regarded as an "outcome" instead of "aid". Find more on student loan debt at Covenant.
Number of Covenant Scholarships & Grants
The next numbers apply to scholarships and grants primarily provided by the school itself.
97.0% of new students (258 total) were awarded scholarships at Covenant College, averaging $14,434 per student. This puts it in the top 40th percentile of all colleges in the country.
As well as scholarships, 25.0% of freshman students (66 total) obtained a federal grant, for about $5,103 each.
The chart below shows the usual amount of scholarship and grant aid given to all first year students.
Grants are usually need-based while scholarships are merit-based.
How Income Level Affects Financial Aid
Find out how much scholarship and grant assistance you may expect to obtain determined by your family income. The chart below displays freshmen receiving federal aid including PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||17.7%||$14,232|
The graph above displays students who are receiving Title IV aid which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
$16,316 is the Typical Amount an Undergraduate Receives in Scholarships or Grants
1,046 Covenant students obtain grant aid (this is around 95.0% of the entire student body). The usual amount these students obtain is $16,316
Covenant College Financial Aid Information
|Financial Aid Department Website||www.covenant.edu/admissions/undergrad/costs|
|Net Price Calculator||https://portal.covenant.edu/forms/index/Net_Price_Calculator|