Chesapeake College Financial Aid and Scholarships
Students Receiving Aid
47%
Total Aid Amount
$3.339M
Financial Aid Official Website
www.chesapeake.edu/financial-aid
As many as 73% of the students at CC receive some kind of financial aid, shows the latest data. At CC, the total percentage of applicants who receive the Federal Grant stands at 38%. On the other hand, 71% of the candidates get the Student Grant, 45% receive the Institution Grant, and 38% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,767, while the same comes to $1,030 for State Grant receivers and $1,354 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,364. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Chesapeake College, the percentage of candidates who opt to avail of student loans is around 2%.
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