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Covenant College

Covenant College
14049 Scenic Highway
Lookout Mountain, GA 30750

Official telephone: (706) 820-1560
Fax number: (706) 820-0893

Website: www.covenant.edu


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Screen last updated on: August 1, 2008

The financial aid information below is valid for the 2007 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Mrs. Brenda Rapier,
Director, Student Financial Planning
Contacting the office: 706 419-1126
706 820-2820 (fax)
finaid@covenant.edu
FAFSA number: 003484

EXPENSES
Undergraduate tuition: $22,160
Tuition notes: in-state tuition based on per credit hour
Additional required fees: $1,010
Book fees: $800
Miscellaneous expenses: $1,120
Combined room and board expenses: $6,490

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAMarch 1yesN/A
State Aid FormMarch 1noN/A

Date award notification begins: April 15
Applied for financial aid:
86% of first-year students
81% of full-time undergraduates
55% of part-time undergraduates
Determined to have financial need:
83% of first-year students
86% of full-time undergraduates
50% of part-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
100% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
99% of first-year students
98% of full-time undergraduates
33% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
91% of first-year students
87% of full-time undergraduates
67% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
0% of first-year students
0% of full-time undergraduates
0% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
26% of first-year students
26% of full-time undergraduates
33% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
87% for first-year students
83% for full-time undergraduates
75% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$17,045 for first-year students
$16,646 for full-time undergraduates
$15,760 for part-time undergraduates
Average need-based gift award:
$13,600 for first-year students
$12,757 for full-time undergraduates
$11,500 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$4,741 for first-year students
$5,022 for full-time undergraduates
$4,500 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$4,080 for first-year students
$4,609 for full-time undergraduates
$4,500 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
24% of first-year students
26% of full-time undergraduates
27% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$7,778 for first-year students
$8,030 for full-time undergraduates
$5,313 for part-time undergraduates
Students who received a non-need-based athletic award:
8% of first-year students
7% of full-time undergraduates
18% of part-time undergraduates
Average non-need-based athletic award:
$3,739 for first-year students
$5,077 for full-time undergraduates
$4,118 for part-time undergraduates
School participates in Federal Work-Study Program: yes
Percent of students who received aid that participated in Federal Work Study: 34%

TYPES OF AID AVAILABLE
Types of loans available:
  • FFEL Subsidized Stafford Loans
  • FFEL Unsubsidized Stafford Loans
  • FFEL PLUS Loans
  • Federal Perkins Loans
  • State Loans
Percent of undergraduates who have borrowed through all loan programs: 61%
Average student debt upon graduation: $15,307
Types of payment plans:
  • school's own payment plan(s)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • creative arts/performance
  • special achievements/activities
  • special characteristics
  • athletic scholarships
Percent of scholarship aid awarded to out-of-state students: 0%

ADDITIONAL INFORMATION
At Covenant, we understand that the cost of higher education is an important consideration for you and your family. We take these concerns just as seriously as you do and go out of our way to make sure that you have access to the excellent education and preparation that Covenant promises.

Covenant College students are eligible for the Georgia Hope Scholarship.  Please visit our website for further information on financial aid at Covenant.
 


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