by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
Uncover the various financial aid options provided by Chesapeake College and determine which ones you may be eligible for by continuing your exploration.
$4,090.00 is the typical Chesapeake College’s first year financial aid package. About 73% of first year students receive financial aid, most of which is in the form of loans.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Chesapeake College.
As well as scholarships, 39% of freshmen (104 total) received a federal grant, for about $4,657.00 a person.
The stats and the chart below refer to mainly grants from federal sources, and some local and state grants.
39% of freshman students at Chesapeake College (104 total) got a federal grant, averaging $4,657.00.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 20.08% | $6,324.00 |
| Income 30k-48k | 9.85% | $5,253.00 |
| Income 48k-75k | 7.58% | $4,404.00 |
| Income 75k-110k | 1.14% | $2,862.00 |
| Income 110k + | 0.00% | $0.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
184 Chesapeake College undergrads obtain grant aid (this is about 73% of the entire undergraduate student population). The average amount these students receive is $4,090.00.The largest share of which are in the guise of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.