$4,814

Avg. Federal Grant

$5,438

Avg. Federal Loan

$54,589,280

Total Aid Awarded

College of Charleston Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

58%

Total Aid Amount Average Total Aid Awarded per year.

$54.589M

Financial Aid Official Website

finaid.cofc.edu/

Among them are scholarship programs such as Avery Scholarship, C.G. Fuller Foundation Scholarship, College of Charleston - National Merit Scholarship, and Emmett Robinson Scholarship. It is interesting to note that, every year, around 83% of students at CC receive some kind of financial aid, while the total amount of assistance/loans provided is $27,836,092. The total percentage of candidates applying to College of Charleston who receive the Federal Grant is 24%. Meanwhile, 76% of the applicants receive the Student Grant and 55% are awarded the Institution Grant, while 23% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,052, the State Grant receivers and Institution Grant beneficiaries get $5,314 and $7,899, respectively. And, for the Pell Grant awardees, the average aid amount is $4,527. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At College of Charleston, the percentage of candidates who opt to avail of student loans is around 46%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

27%

State Grant Aid

55%

Institution Grant Aid

46%

Pell Grant

26%

Average Aid Awarded

Federal Grant Aid

$4,814

State Grant Aid

$5,257

Institution Grant Aid

$6,236

Pell Grant

$4,711

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,937

$30,001 - $48,000

$12,341

$48,001 - $75,000

$8,766

$75,001 - $110,000

$6,643

Over $110,000

$6,170

Student Loans for College of Charleston

Average Loan Amount Average Loan Amount received per year.

$7,863/Year

Students Taking Out Loans

48%

Loan Default Rate

5.1%

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