$2,753

Avg. Federal Grant

$2,772

Avg. Federal Loan

$4,773,104

Total Aid Awarded

Coastal Bend College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

39%

Total Aid Amount Average Total Aid Awarded per year.

$4.773M

Financial Aid Official Website

www.coastalbend.edu/FinAid/

Students can avail of scholarships provided by the college, such as Abe and Annie Seibel Foundation Loan, Cecil E. Burney Scholarship, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, and Dr. Joseph Graham Fellowship for College Pro-Life Leaders, if they find educational expenses to be on the higher side. As many as 72% of the students at CBC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,470,227 in a year. For additional information about financial assistance schemes, one can head over to CBC’s financial aid page at http://www.coastalbend.edu/FinAid/. The total percentage of candidates applying to Coastal Bend College who receive the Federal Grant is 58%. Meanwhile, 65% of the applicants receive the Student Grant and 21% are awarded the Institution Grant, while 58% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,928, the State Grant receivers and Institution Grant beneficiaries get $2,565 and $1,240, respectively. And, for the Pell Grant awardees, the average aid amount is $5,743. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CBC, an estimated number of 14% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

54%

State Grant Aid

10%

Institution Grant Aid

22%

Pell Grant

54%

Average Aid Awarded

Federal Grant Aid

$2,753

State Grant Aid

$966

Institution Grant Aid

$904

Pell Grant

$2,728

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,063

$30,001 - $48,000

$3,244

$48,001 - $75,000

$1,448

$75,001 - $110,000

$114

Over $110,000

$311

Student Loans for Coastal Bend College

Average Loan Amount Average Loan Amount received per year.

$3,058/Year

Students Taking Out Loans

18%

Loan Default Rate

12.5%