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Financial Aid FAQ


What do I need to do to accept this award?

Your first step in accepting the award will be to pay your enrollment deposit through your portal account. Once that is done, you will need to login to your Banner account with your username and password. Once there, click on “Financial Aid” at the top of the screen. Next, click on “Accept Financial Aid Award for 2020-21.” On the next screen, you will be able to accept or decline your scholarships, grants, and any applicable optional financial aid like student loans or work study. After you have accepted the aid, click on the requirements page to view any outstanding financial aid requirements.


Is the amount of my award going to change from year to year?

Any scholarships that you have been awarded from Covenant College funding will renew each year. If you have been awarded from a professional judgment fund, you will need to supply the same information or documentation in subsequent years to receive that particular fund again. Aid that is from federal or state sources is not guaranteed to remain the same each year as it may have need or academic requirements that must be met in order to qualify.


How will competitive scholarships impact my award?

After scholarship weekend has occurred, if you are chosen as a winner of one of our competitive scholarships your financial aid award will be updated either by stacking the scholarships with your current Covenant scholarships (not to exceed the cost of tuition), or in the instance of a full tuition scholarship, replacing all smaller institutional scholarships with the single full tuition scholarship. This competitive scholarship will also be renewed each year along with your other institutional aid.


What are subsidized and unsubsidized loans?

Direct Loans, subsidized or unsubsidized, are offered to students when they complete the FAFSA. The amount shown on your award letter will be the maximum amount that you are eligible for based on your class year by credit hour. These loans are entirely optional and you are not required to take them. If you do take them, you can choose to accept only a portion. These loans will be in the student’s name and will need to be paid back with interest upon graduating or leaving school. For more details about these loans visit this web page. To accept these loans, follow the same process above for accepting financial aid, and then check the requirements page for necessary loan requirements.


What are the GPA requirements of my scholarships?

In order to maintain all Covenant College scholarships, students must keep up at least a 2.0 GPA. Maclellan Scholars must maintain a 3.0 GPA while at Covenant in order to receive that particular scholarship. There are higher GPA standards to maintain Georgia State funds.


What are my payment options?

The accounting office accepts cash, check or credit cards. Visit their page to see more details about forms of payment accepted. You can also find out about their payment plan options here.


Where and when can I see my billing statement?

At the beginning of each semester (and each month of the semester) you will receive an email with your current account statement. This will go to your Covenant email as well as any other email addresses that you have designated as e-bill addresses. You can also check your account statement 24/7 on your Banner account. Log in and click on “financial aid” and then “account balance charges and payments.” You can also request an e-bill to be sent at any time through our on-demand e-bill request system found under the Payments and Billing section of


Are there other fees that are not included in this letter?

This letter covers the standard costs and required fees for a full-time, on campus student. There are other potential incidental fees (parking permits, course material fees, music lesson fees, book costs, etc.) that are not included here as they will vary from student to student. Actual charges will be based on registration at the beginning of each semester.


What will happen to my award if I have outside scholarships?

In most cases an outside scholarship will not affect your financial aid award from Covenant. The most common adjustment that may be required would be to change some of your subsidized loan amount (need-based) to unsubsidized (non-need-based). If there are other adjustments necessary, we will contact you directly. Please direct any outside scholarships to be sent to the Accounting Office at the main college address.


Do I need to complete a FAFSA every year?

If you would like to be evaluated for Pell grant eligibility yearly or would like to take out Direct Loans, yes you will need to fill out a new FAFSA each year. If neither of these apply to you, you do not need to fill out a FAFSA each year.


What does work study mean? How many hours will I be working?

Work study awards are job offers for students to work part-time in a job on campus to have the opportunity to earn up to the amount listed on the award letter. Typically students will be working 10 or 15 hours a week. For more detailed information on the work study program, see our Work Study FAQ.


What are my housing options?

Students must live in on-campus housing until their senior year. Most of our dorm rooms on campus are two person rooms, which is the cost estimate that we include on your award letter until you are officially assigned to a room by Student Development. Room and board cost estimates for on campus students include the required unlimited meal-plan. Actual charges will reflect your housing assignment/choice from Student Development.


Are there other loan options available?

If you would like to pursue a loan to cover all or some of the remaining balance after your financial aid is applied, there are a few options. One of the most common options is a Parent Plus loan which is a federal loan that a parent can apply for on behalf of a dependent student. For more details visit this website. You are also welcome to pursue any private student loan and apply it to your account here. We will complete the school certification paperwork for any private student loan. We do not have any agreements with lenders or preferred/recommended lenders.


How can parents access their student’s Banner account/financial aid information?

Students can choose to set their parents up as proxy users on their account. To do so, students must log onto their Banner web account with their username and password.

  1. Click on the Proxy Access tab at the top of the screen.
  2. Click on Proxy Management
  3. Click on Add Proxy
  4. Enter the required information.
  5. The Proxy will need to confirm their email and change their temporary password.
  6. Once they have been authorized the student can edit the proxy’s profile and authorization settings to enable appropriate access (for example , account balance, financial aid, or academic information).
  7. When parents go to access Banner as a proxy, from the login page of Banner, they must select the “if you are accessing this site as a proxy user click here” option.

This process will create a profile with its own unique login information that will be able to access the parts of the Banner account information that the student has authorized them to see.


If you have any questions, we want to help. Contact us at 888.451.2683 or at We will walk you through the process as often as needed. In fact, we recommend that you ask questions as soon as possible, since this may be our busy season and time is crucial.

Matthew Bazzel '14 explains how an education at Covenant College transforms minds and enables students to think for themselves.
Ever wonder what it's like to study on top of a mountain? Wonder no more!

100 percent of students participate in service learning

Visit the distinctives site to explore a set of fast facts that help define the unique experience and value that a Covenant College education provides.

Connor McGimsey '20

“As someone who wants to go into foreign services, Covenant has not only given me a considerable amount of connections through professors and the college’s resources, but has also taught me how to apply a Christian worldview to my fields of study which are, more often than not, part of a secular lifestyle.”
  - international studies major Connor McGimsey '20