$4,974

Avg. Federal Grant

$6,469

Avg. Federal Loan

$26,551,712

Total Aid Awarded

Chowan University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

100%

Total Aid Amount Average Total Aid Awarded per year.

$26.552M

Financial Aid Official Website

https://www.chowan.edu/admissions/financial-aid.htm

It is interesting to note that almost every student at CU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $9,030,140. For additional information about financial assistance schemes, one can head over to CU’s financial aid page at https://www.chowan.edu/admissions/financial-aid.htm. The total percentage of candidates applying to Chowan University who receive the Federal Grant is 79%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 79% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,270, while the same comes to $4,920 for State Grant receivers and $12,062 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,878. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $18,602 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $17,977, while those falling in the $48,001-$75,000 income category get $18,942 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $12,835. And, for those with a family income of more than $110,000, the amount stands at $11,778. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CU, an estimated number of 91% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

80%

State Grant Aid

55%

Institution Grant Aid

100%

Pell Grant

80%

Average Aid Awarded

Federal Grant Aid

$4,974

State Grant Aid

$4,521

Institution Grant Aid

$11,864

Pell Grant

$4,838

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$19,433

$30,001 - $48,000

$19,901

$48,001 - $75,000

$17,296

$75,001 - $110,000

$11,624

Over $110,000

$9,896

Student Loans for Chowan University

Average Loan Amount Average Loan Amount received per year.

$6,859/Year

Students Taking Out Loans

90%

Loan Default Rate

22.8%

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