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All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Covenant College since 2011.
For that period, the average number of students who received grants aid/scholarships is 955, which is 95.00 % of all undergraduate students. 519 students which is 51.36% of undergraduate students received federal student loans and the average loan amount is $6,495.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12983 (95%)$14,382299 (29%)$3,588609 (59%)$6,448
2012-13999 (94%)$15,262315 (30%)$3,802614 (58%)$6,667
2013-141,040 (94%)$15,976317 (29%)$3,936604 (55%)$7,067
2014-151,046 (95%)$16,316302 (27%)$3,903586 (53%)$6,689
2015-16989 (95%)$17,361259 (25%)$4,078521 (50%)$6,649
2016-17963 (96%)$19,236240 (24%)$3,871526 (52%)$6,862
2017-18968 (94%)$20,886261 (25%)$4,196515 (50%)$6,662
2018-19961 (96%)$22,296245 (24%)$4,309489 (49%)$6,148
2019-20894 (95%)$23,561194 (21%)$4,380444 (47%)$6,084
2020-21832 (96%)$23,399175 (20%)$4,428397 (46%)$6,192
2021-22832 (95%)$24,643177 (20%)$4,449399 (46%)$5,976
Average955 (95.00%)$19,393253 (24.91%)$4,085519 (51.36%)$6,495

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

OverviewGrants/ScholarshipStudent Loans
For the last 12 years, on average, 253 (98.64 % of students) received grants or scholarships and its average amount is $20,495. It can cover 50.65% of tuition & fees ($40,464).
In addition, 139 (54.18 % of students) students get helped from the students loans (average amount : $6,978).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12280 (98%)$14,975169 (59%)$6,338
2012-13262 (98%)$17,010166 (62%)$6,364
2013-14293 (99%)$16,965167 (57%)$7,676
2014-15260 (98%)$16,327139 (52%)$6,952
2015-16253 (98%)$18,232132 (51%)$6,389
2016-17261 (98%)$21,187153 (58%)$6,209
2017-18261 (99%)$22,537146 (56%)$6,795
2018-19247 (99%)$22,677126 (51%)$6,551
2019-20217 (99%)$23,741108 (49%)$7,087
2020-21195 (99%)$25,140101 (52%)$8,399
2021-22249 (100%)$26,658123 (49%)$7,996
Average253 (98.64%)$20,495139 (54.18%)$6,978
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.
The following table shows the trends of grants or scholarships over time. For the last 12 years, on average, 66 (25.45 % of students) received Pell (federal) grants and its average amount is $4,001.
In addition, 69 students received State/local government grants/scholarships (27.45 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2011-1270 (24%)$3,50529 (10%)$3,46070 (24%)$3,408270 (94%)$13,366
2012-1386 (32%)$3,73325 (9%)$3,74070 (26%)$3,342256 (96%)$14,876
2013-1484 (28%)$3,98133 (11%)$3,61264 (22%)$3,643281 (95%)$15,246
2014-1566 (25%)$3,58330 (11%)$3,34450 (19%)$3,682258 (97%)$14,434
2015-1669 (27%)$4,09645 (17%)$3,55666 (26%)$4,181245 (95%)$15,895
2016-1757 (22%)$3,86925 (9%)$3,78783 (31%)$4,309253 (95%)$19,197
2017-1877 (29%)$4,26518 (7%)$3,33376 (29%)$4,412253 (96%)$20,389
2018-1965 (26%)$3,77114 (6%)$1,92961 (24%)$4,583242 (97%)$20,866
2019-2051 (23%)$4,16779 (36%)$2,17567 (31%)$4,645212 (97%)$21,020
2020-2146 (23%)$4,42024 (12%)$3,66771 (36%)$4,587189 (96%)$22,674
2021-2252 (21%)$4,62624 (10%)$3,91784 (34%)$4,935245 (98%)$24,036
Average66 (25.45%)$4,00131 (12.55%)$3,32069 (27.45%)$4,157246 (96.00%)$18,364
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students..
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.
For the last 12 years, on average, 139 (54.18 % of students) get any students loan help and its average loan amount is $139.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12169 (59%)$6,338169 (59%)$5,63511 (4%)$10,802
2012-13166 (62%)$6,364166 (62%)$5,8519 (3%)$9,456
2013-14167 (57%)$7,676167 (57%)$6,85014 (5%)$9,854
2014-15139 (52%)$6,952139 (52%)$5,99913 (5%)$10,190
2015-16132 (51%)$6,389131 (51%)$5,5597 (3%)$16,460
2016-17153 (58%)$6,209153 (58%)$5,8096 (2%)$10,183
2017-18146 (56%)$6,795146 (56%)$5,44813 (5%)$15,126
2018-19126 (51%)$6,551126 (51%)$5,23716 (6%)$10,348
2019-20108 (49%)$7,087105 (48%)$4,96821 (10%)$11,605
2020-21101 (52%)$8,399100 (51%)$5,49623 (12%)$12,986
2021-22123 (49%)$7,996122 (49%)$5,26022 (9%)$15,535
Average139 (54.18%)$6,978139 (54.00%)$5,64714 (5.82%)$12,050

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