$4,691

Avg. Federal Grant

$6,173

Avg. Federal Loan

$3,174,254

Total Aid Awarded

Arkansas Baptist College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$3.174M

Financial Aid Official Website

N/A

It is interesting to note that almost every student at ABC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $2,767,326. At ABC, the total percentage of applicants who receive the Federal Grant stands at 100%. Meanwhile, 100% of the applicants receive the Student Grant and 5% are awarded the Institution Grant, while 82% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,124. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $5,004 per year. The average aid amount stands at $4,862 for an annual family income between $30,001 and $48,000. This amount comes to $2,571 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $1,957, while candidates with more than $110,000 of family income receive an average federal aid of $750. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 77% of the applicants to Arkansas Baptist College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

87%

State Grant Aid

7%

Institution Grant Aid

48%

Pell Grant

87%

Average Aid Awarded

Federal Grant Aid

$4,691

State Grant Aid

$1,055

Institution Grant Aid

$4,073

Pell Grant

$4,518

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,475

$30,001 - $48,000

$7,720

$48,001 - $75,000

$1,857

$75,001 - $110,000

$375

Over $110,000

$3,339

Student Loans for Arkansas Baptist College

Average Loan Amount Average Loan Amount received per year.

$6,173/Year

Students Taking Out Loans

69%

Loan Default Rate

35.6%

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