Cottey College Financial Aid and Scholarships
Students Receiving Aid
97%
Total Aid Amount
$4.715M
Financial Aid Official Website
www.cottey.edu/admission/financial-aid/
Among them are scholarship programs such as Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Jesse Wrench Scholarship, and MLN Scholarship. Interestingly, almost all of the students at CC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $956,693 in a year. More information regarding the financial assistance schemes can be accessed on CC’s official financial aid page at http://www.cottey.edu/admission/financial-aid/. Notably, a total of 52% of the applicants to Cottey College receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 52% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,698, while the same comes to $1,802 for State Grant receivers and $11,069 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,726. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $14,543 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $16,168, while those falling in the $48,001-$75,000 income category get $12,989 a year. On the other hand, the average federal aid stands at $10,067 for those with an annual family income between $75,001 and $110,000, and at $7,732 for an income more than $110,000. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Cottey College, the percentage of candidates who opt to avail of student loans is around 54%.
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