by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Uncover the various financial aid options provided by Coastal Alabama Community College and determine which ones you may be eligible for by continuing your exploration.
$6,684.00 is the typical Coastal Alabama Community College’s first year financial aid package. A significant 86% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Coastal Alabama Community College you may end up taking on.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The numbers listed below make reference to help that is offered by Coastal Alabama Community College.
33% of new students (436 total) were given scholarships at Coastal Alabama Community College, averaging $5,666.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 53% of first years (703 total) were awarded federal grant aid, averaging $5,635.00 each.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 34.28% | $7,326.00 |
| Income 30k-48k | 10.70% | $6,308.00 |
| Income 48k-75k | 5.54% | $3,927.00 |
| Income 75k-110k | 1.50% | $2,075.00 |
| Income 110k + | 0.52% | $1,085.00 |
The table above shows 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.
86% of the 1336 undergraduates at Coastal Alabama Community College receive some sort of grant aid. This is a total of about 1006 students getting an average of $6,684.00 per person.The majority of which come in the form of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
