We offer two primary types of aid: merit-based aid (where need may or may not be a factor) and need-based aid (where need is the controlling factor). Your need is determined by calculating the Cost of Attendance (COA - which includes allowances for books, travel, and miscellaneous expenses in addition to tuition and fees) and subtracting your Expected Family Contribution (EFC), which you may determine by completing the Free Application for Federal Student Aid (FAFSA). We highly recommend that each family complete the FAFSA. Many people are surprised to learn that they qualify for need-based aid.

Scholarships
At Covenant, we offer over 100 institutional scholarships. Individual scholarships are outlined in the Financial Aid Handbook. Most scholarships are awarded to students based on information we collect during the admissions process; you do not need to submit separate applications for these scholarships. Some scholarships, however, such as athletic, music, and some of our most competitive leadership and academic scholarships do require separate applications. Please see the Financial Aid Handbook and the Applying for Aid page for more information and applications, or contact your admissions representative.

Loans
Federal loans are available for students based on need. The first step in seeking a loan is to complete the FAFSA. If you choose to accept a loan, you will need to complete an entrance interview.

Federal Stafford student loans, PLUS parent loans, and Federal Perkins loans are each types of federally subsidized loans awarded based on demonstrated financial need. Unsubsidized federal Stafford loans are available to everyone who completes the FAFSA regardless of financial need. Should you accept a PLUS parent loan, you will need to complete the PLUS parent loan acceptance form.

Alternative loans are also available. The alternative loan acceptance form includes lender terms and typically requires a co-signer.

Work Study
The federal government provides some funding for students to work and receive a paycheck while they are a college student. You may work for our facilities services department, admissions office, or grounds department, for example. You can see our Work Study Handbook for more information.