Number Received Financial Aid (All Undergraduate)
800
Percent Received Financial Aid(All Undergraduate)
94%
Average Aid Amount
$26,307
Number Received Financial Aid (Freshmen)
238
Percent Received Financial Aid (Freshmen)
100%
Financial Aid Information at Covenant
For the academic year 2023-2024, a total of 800 students (94% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $26,307. For freshmen (Full-time, first-time degree-seeking undergraduate students), 238 students (100% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at Covenant College is $42,040, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 800 students (94% of all students) have received grants or scholarships and the average received aid amount is $26,307. It includes federal, state, local, institutional, or other sources of grant aid.
The following table describes the financial aid statistics by aid types at Covenant College for all undergraduate students.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 800 | 94% | $26,307 |
| Pell Grants | 157 | 18% | $4,635 |
| Federal Student Loans | 353 | 41% | $6,123 |
Beginning Students Financial Aid
a total of 238 beginning students (100% of all freshmen) have received any financial aid and 235 students (99% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students.
The below table shows the number and amount by the source of financial aid at Covenant College.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 238 | 100% | - |
| Grants or Scholarship from All Sources | 234 | 98% | $27,957 |
| Federal Grants | 55 | 23% | $5,691 |
| Pell Grants | 55 | 23% | $4,251 |
| Other Federal Grants | 21 | 9% | $3,771 |
| State/Local Grants | 77 | 32% | $5,518 |
| Institutional Grants | 230 | 97% | $25,235 |
| Student Loans | 108 | 45% | $7,534 |
| Federal Student Loans | 105 | 44% | $5,089 |
| Other Student Loans | 14 | 6% | $19,951 |
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