$3,725

Avg. Federal Grant

$5,167

Avg. Federal Loan

$1,312,146

Total Aid Awarded

Cabarrus College of Health Sciences Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$1.312M

Financial Aid Official Website

www.carolinashealthcare.org/education/cabarrus-college-of-health-sciences/Financial-Information

As many as 93% of the students at CCHS get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,694,785 in a year. One can visit CCHS's financial aid page at http://www.carolinashealthcare.org/education/cabarrus-college-of-health-sciences/Financial-Information for more information. Notably, a total of 43% of the applicants to Cabarrus College of Health Sciences receive the Federal Grant every year. In comparison, 71% of the students are awarded the Student Grant, 29% get the Institution Grant, and 43% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,859, while the same comes to $4,369 for State Grant receivers and $1,194 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,887. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $12,555 on average in a year. The average aid amount stands at $13,673 for an annual family income between $30,001 and $48,000. This amount comes to $6,578 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $4,213 for those with an annual family income between $75,001 and $110,000, and at $750 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CCHS, an estimated number of 71% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

55%

Institution Grant Aid

9%

Pell Grant

36%

Average Aid Awarded

Federal Grant Aid

$3,725

State Grant Aid

$5,737

Institution Grant Aid

$1,625

Pell Grant

$3,625

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,551

$30,001 - $48,000

N/A

$48,001 - $75,000

$8,915

$75,001 - $110,000

$3,800

Over $110,000

N/A

Student Loans for Cabarrus College of Health Sciences

Average Loan Amount Average Loan Amount received per year.

$5,167/Year

Students Taking Out Loans

55%

Loan Default Rate

2.5%

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