$5,585

Avg. Federal Grant

$10,045

Avg. Federal Loan

$11,379,816

Total Aid Awarded

Charter College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

83%

Total Aid Amount Average Total Aid Awarded per year.

$11.380M

Financial Aid Official Website

www.chartercollege.edu

As we have noticed in the ‘tuitions’ section, the Charter College tuition and fees can be considered quite high. However, you would be pleased to know that it provides various federal, state, and private grants and aids. To know more about the kinds of aids they provide, please read below.

Approximately 94% of the students receive some kind of financial aid, which amounts up to $11,379,816. About 83% of the students receive some kind of gift aids. Let’s look at some of them.

Tuition Discounts

  • Charter College Alaska Native & American and Canadian Indian Tuition Discount: As the name suggests, the 15% tuition discount is for students who are Alaska  & American and Canadian Indian.
  • Charter College Alumni Tuition Discount: Any student who has graduated from Charter College with a certificate or associate’s degree and is enrolling for another degree can avail this discount of 15%.

Scholarship

Scholarships are part of gift-aids which are merit-based. These amounts are given as prizes for performance when the learner is part of the institution.

  • Charter College Spring Weld-off Competition Scholarship: This scholarship is provided to the highest performer in Charter College’s annual Spring Weld-Off competition. These scholarship awards will be $8,000 for first place, $5,000 for second place, and $3,000 for third place.

Grants

Much like scholarships, grants are part of gift-aids too, however, these are given out to students who are in need of aids to pay for the college. Let’s look at some grants that Charter College provides.

  • Federal Pell Grant: This grant is limited to first-time undergraduate students who have no undergraduate or professional degrees from before.
  • Federal Supplemental Educational Opportunity Grant (FSEOG): FSEOG funding is given to undergraduate students who are in dire financial need and receive Federal Pell Grant. It is limited and is awarded until funding is expended. Priority is given to new students with a 0 EFC. Remaining funds are awarded to otherwise eligible students based on need.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

78%

State Grant Aid

6%

Institution Grant Aid

76%

Pell Grant

78%

Average Aid Awarded

Federal Grant Aid

$5,585

State Grant Aid

$3,477

Institution Grant Aid

$1,616

Pell Grant

$5,408

Let's look at the breakdown of all kinds of financial aid that you can expect to be provided at Charter College. This gives you an idea of the probability of you receiving aids.

  • Approximately 78% of the students get Federal Grant Aid, which comes to around $5,585.
  • Almost the same percentage of students receive the Pell Grant aid, which is 78% of the student population. The amount comes up to $5,408.
  • 6% of the students are entitled to State Grant Aid, the amount for which is somewhere around $3,477.
  • 76% of students receive institutional aids. The amount for this aid is around $2,316.
  • A staggering 87% of the students take a loan at the default rate of 13.1%, the amount for which is $10,113 approximately.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,929

$30,001 - $48,000

$6,480

$48,001 - $75,000

$4,964

$75,001 - $110,000

$2,509

Over $110,000

$2,852

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $6,929. For the next group, which is income between $30,001-$48,000, the aids come to around $6,480. The next two sections, which are between $48,001-$75,000 and $75,001-$110,000 see the financial aids decrease quite a bit at $4,964 and $2,509 respectively. It's interesting to note that the financial aid increases a bit compared to the immediate precedent as above $110,000 receives financial aid up to $2,852.

Student Loans for Charter College

Average Loan Amount Average Loan Amount received per year.

$10,113/Year

Students Taking Out Loans

87%

Loan Default Rate

13%

Not only gift aids, the college also provides its students with self-help aids, which are sources of financial aids that demand the money be given back to them. Some of the student loans that Charter College provides are:

  • Federal Direct Subsidized Stafford Loan.
  • Federal Direct Unsubsidized Stafford Loan.
  • Federal Direct PLUS Loan.

To know more about the financial aid provisions of Charter College, refer to their catalog.

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