by our College Data Analytics TeamThe majority of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Covenant School of Nursing and Allied Health can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financing solutions does Covenant School of Nursing provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep scrolling to see how much school funding could be available 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 Covenant School of Nursing and Allied Health.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Covenant School of Nursing, around 72% of undergraduates were awarded grant or scholarship aid averaging $3,258 (across roughly 354 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $3,258 |
| Federal Pell grants | 44% | $3,913 |
| Federal student loans | 55% | $5,471 |
The median student at Covenant School of Nursing graduates with $10,399 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,399 |
| Median federal debt (graduates only) | $12,969 |
| Typical 10-year monthly payment (graduates) | $137.49/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Covenant School of Nursing.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,980 |
| 25th percentile | $6,500 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $21,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $13,844 |
| Middle income | $8,928 |
| High income | $7,560 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,198 |
| Continuing-generation students | $12,971 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,103 |
| Independent students | $9,746 |
A handful of calculated indicators summarize the debt outlook at Covenant School of Nursing.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Covenant School of Nursing:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1961 |
| Total Stafford loan amount | $24,018,895 |
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.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $20,406 |
| Average GI Bill amount per recipient | $5,102 |
References
More about our data sources and methodologies.