For the academic year 2022-2023, total 250 full-time, first-time students (100% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 832 students (95% of all students) received grants or scholarships and the average grant amount is $24,643. In addition, 399 students received student loans and the average loan amount is $5,976.
Below tables show the number and amount by source of financial aid at Covenant College.
For all undergraduate students, total 832 students (95% of all students) received grants or scholarships and the average grant amount is $24,643. In addition, 399 students received student loans and the average loan amount is $5,976.
Below tables show the number and amount by source of financial aid at Covenant College.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 832 | 95% | $24,643 |
| Pell Grants | 177 | 20% | $4,449 |
| Federal Student Loans | 399 | 46% | $5,976 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 250 | 100% | - |
| Grants or Scholarship from All Sources | 249 | 100% | $26,658 |
| Federal Grants | 52 | 21% | $6,433 |
| Pell Grants | 52 | 21% | $4,626 |
| Other Federal Grants | 24 | 10% | $3,917 |
| State/Local Grants | 84 | 34% | $4,935 |
| Institutional Grants | 245 | 98% | $24,036 |
| Student Loans | 123 | 49% | $7,996 |
| Federal Student Loans | 122 | 49% | $5,260 |
| Other Student Loans | 22 | 9% | $15,535 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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