How Many Students Get Financial Assistance?
Covenant College's typical financial aid deal for incoming first years is $29,332. About 99.0% 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.
96.0% of new students (253 total) were awarded scholarships at Covenant College, averaging $20,389 per student. This puts it in the top 20th percentile of all colleges in the country.
As well as scholarships, 29.0% of freshman students (77 total) obtained a federal grant, for about $5,045 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 +||20.9%||$19,503|
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.
$20,886 is the Typical Amount an Undergraduate Receives in Scholarships or Grants
Of the 1,030 undergraduates at Covenant College about 94.0% (968 in total) obtain some form of grant aid. The typical amount given was $20,886.
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|
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