ACTUAL TUITION COSTS INCURRED BY IN-STATE STUDENTS, AFTER FINANCIAL AID

 

 

·         The South Carolina Legislature has recently shifted emphasis in its way of supporting higher education.  With the availability of lottery funds, the Legislature has funded scholarships for individual students rather than increasing direct state appropriations to public colleges and universities.

 

·         The Life Scholarships require a “B” average, 1100 SAT, and are awarded to approximately 26 percent of Coastal’s entering freshmen.  The Hope Scholarships require only a high school “B” average and are awarded to approximately 14 percent of entering freshmen.  The Palmetto Fellowships require a 3.5 GPA, 1200 SAT, and are awarded to approximately one percent of Coastal’s entering freshmen.

 

·         With actual decreases in state appropriations over the past four years, tuition costs for South Carolina residents have risen by approximately 70 percent at all South Carolina public universities (Coastal Carolina University by 74 percent).

 

·         For the 2004-2005 academic year, the actual average cost borne by South Carolina resident students was offset substantially by various forms of financial aid received.

 

·         The financial aid amounts shown on the next page do not include loan funds.  The numbers shown include the total aid received by the student, which in some cases may exceed the actual cost of tuition and allow for related educational expenses, such as books, room and board.

 

·         For Fall 2004, there were 2,903 full-time degree-seeking in-state undergraduate students enrolled.  There were an additional 268 part-time students enrolled with a course load of six hours or more.  These part-time students may also be eligible for some Federal financial aid.

 

·         Of the total 3,171 degree-seeking undergraduate students who could have been eligible for some form of financial aid, 2,086, or 66 percent of the students, received a financial aid award.  The average value of the award for those students who received a financial aid award was $4,495.

 

·         The tuition charge per academic year was $6,100.

 

·         The average net tuition paid directly by all degree-seeking in-state students was $2,296, or 37.6 percent of the actual tuition charged.

 

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