$4,584

Avg. Federal Grant

$4,625

Avg. Federal Loan

$1,896,856

Total Aid Awarded

Appalachian Bible College (ABC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

55%

Total Aid Amount Average Total Aid Awarded per year.

$1.897M

Financial Aid Official Website

https://abc.edu/undergraduate/costs-and-aid/financial-aid/

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 $309,378. Notably, a total of 63% of the applicants to Appalachian Bible College receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 63% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,702, while the same comes to $2,654 for State Grant receivers and $6,473 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,461. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At ABC, an estimated number of 37% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

66%

State Grant Aid

32%

Institution Grant Aid

100%

Pell Grant

66%

Average Aid Awarded

Federal Grant Aid

$4,584

State Grant Aid

$4,500

Institution Grant Aid

$6,553

Pell Grant

$4,524

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$15,592

$30,001 - $48,000

$13,045

$48,001 - $75,000

$10,807

$75,001 - $110,000

$4,916

Over $110,000

N/A

Student Loans for Appalachian Bible College (ABC)

Average Loan Amount Average Loan Amount received per year.

$4,625/Year

Students Taking Out Loans

34%

Loan Default Rate

3%