$4,825

Avg. Federal Grant

$5,367

Avg. Federal Loan

$10,720,685

Total Aid Awarded

College of the Atlantic (COA) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$10.721M

Financial Aid Official Website

www.coa.edu/costs-financial-aid.htm

Among them are scholarship programs such as Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Maine Difference Scholarship, and Maine Metal Products Association Scholarship. Interestingly, almost all of the students at CA receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $1,042,911 in a year. At CA, the total percentage of applicants who receive the Federal Grant stands at 20%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 20% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,434, the State Grant receivers and Institution Grant beneficiaries get $1,428 and $35,323, respectively. And, for the Pell Grant awardees, the average aid amount is $4,639. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 37% of the applicants to College of the Atlantic opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

33%

State Grant Aid

11%

Institution Grant Aid

100%

Pell Grant

33%

Average Aid Awarded

Federal Grant Aid

$4,825

State Grant Aid

$1,760

Institution Grant Aid

$35,906

Pell Grant

$4,575

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$41,487

$30,001 - $48,000

$36,999

$48,001 - $75,000

$38,792

$75,001 - $110,000

$33,087

Over $110,000

$24,208

Student Loans for College of the Atlantic (COA)

Average Loan Amount Average Loan Amount received per year.

$6,902/Year

Students Taking Out Loans

55%

Loan Default Rate

2.8%

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