$4,514

Avg. Federal Grant

N/A

Avg. Federal Loan

$3,339,180

Total Aid Awarded

Chesapeake College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

47%

Total Aid Amount Average Total Aid Awarded per year.

$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%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

43%

State Grant Aid

22%

Institution Grant Aid

41%

Pell Grant

43%

Average Aid Awarded

Federal Grant Aid

$4,514

State Grant Aid

$1,030

Institution Grant Aid

$1,198

Pell Grant

$4,412

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,818

$30,001 - $48,000

$5,142

$48,001 - $75,000

$3,914

$75,001 - $110,000

$1,582

Over $110,000

N/A

Student Loans for Chesapeake College

Average Loan Amount Average Loan Amount received per year.

$5,225/Year

Students Taking Out Loans

2%

Loan Default Rate

N/A