$2,606

Avg. Federal Grant

$4,464

Avg. Federal Loan

$287,094

Total Aid Awarded

American Baptist College (ABC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

75%

Total Aid Amount Average Total Aid Awarded per year.

$287.094K

Financial Aid Official Website

www.abcnash.edu

Students can avail of scholarships provided by the college, such as Chapter 105 - Memphis - Les Segar Memorial Scholarship, Dr. Richard Forrest & Ella Dudney Kelsey Memorial Scholarship, Tennessee HOPE Scholarship, and Tennessee Student Assistance Award, if they find educational expenses to be on the higher side. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $401,949. The total percentage of candidates applying to American Baptist College who receive the Federal Grant is 100%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 100% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,282, the State Grant receivers and Institution Grant beneficiaries get $528 and $294, respectively. And, for the Pell Grant awardees, the average aid amount is $4,318. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 100% of the applicants to American Baptist College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

89%

State Grant Aid

22%

Institution Grant Aid

22%

Pell Grant

89%

Average Aid Awarded

Federal Grant Aid

$2,606

State Grant Aid

$750

Institution Grant Aid

$1,060

Pell Grant

$2,474

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$2,486

$30,001 - $48,000

$2,977

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for American Baptist College (ABC)

Average Loan Amount Average Loan Amount received per year.

$4,464/Year

Students Taking Out Loans

89%

Loan Default Rate

24.4%

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