$4,433

Avg. Federal Grant

$6,376

Avg. Federal Loan

$40,249,591

Total Aid Awarded

Baker College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$40.250M

Financial Aid Official Website

www.baker.edu/admissions-and-aid/tuition-and-aid/financial-aid

Scholarships are frequently bestowed based on academic distinction, although not every scholarship is intended for those who excel in academics. Most scholarships are granted automatically, while many other scholarships require an application. There are scholarships available for students who have special interests or specific career aspirations. Many local agencies, businesses, or clubs offer scholarships for exceptional accomplishment. Baker College is a private college. College offers a variety of financial assistance options, from scholarships to state and federal grants.

The eligibility is determined by the FAFSA, which is required for financial assistance. Such benefits usually require an application and may have clear eligibility criteria for a student.

Scholarships

Scholarships for High School Seniors

  • Presidential Scholarship: This scholarship covers the full tuition cost which reaches up to the $50,000, for this scholarship student must be a student of undergraduate campus. This is a very competitive scholarship because Bakers college only chooses 5 graduating students to form high school. That is why a student needs to have a minimum GPA of 3.8 at the end of the high school and must have scored a 1390 SAT score (or 30 ACT score). 

  • Regents Scholarship: In this scholarship, the total amount offered to a student is $3,000 per semester for 4 academic years. Students who want to get awarded this scholarship, Baker College determined few eligibility criteria for students where students need to have at least a GPA of 3.5 and SAT or ACT score of at least 1060 or 21, respectively. 

  • First Robotics Scholarship: This is a very different scholarship, where Baker College offered this scholarship to acknowledge the student of science by offering aid of $4,000 which is provided in two subsequent semesters. This scholarship is acknowledged by the FIRST Robotics Competition or FIRST Tech Challenge, along with it students need to have a minimum GPA of 3.0 in high school.

  • BakerProud Scholarship: This is a non-renewable scholarship, where students must not have received any other Baker College scholarship. The student must have enrolled for the undergraduate program with at least 28 credit hours and maintain a GPA of 3.0.

Graduate Studies Scholarships

  • Graduate Studies Accelerated Scholarship: This scholarship is exclusively for graduate students who maintain the overall cumulative GPA of 2.5 in the bachelor’s degree. The student must be enrolled for a master’s program at Baker University with at least 12 credits per semester. Baker University offers the amount of US$1,680 per semester until graduation is complete, which means US$3,360 per year and US$6,720 for an entire graduate year.

For more information regarding other scholarships, you may contact their representatives through their website.

Grants

Grants are made available to a student on a need-based basis by federal, state, and local funds, and are not required to be repaid. Most grant programs come from the small annual budgets, and the student's financial need determines the funding award. Few grants the students receive are:

  • Federal Pell Grant: The students who are not yet earned their first bachelor’s degree, due to the financial downside or other, the pell grants offer financial assistance for those who want to earn their first bachelor’s degree by enrolling themselves in a full-time program.

  • Federal Work-Study: To raise funds for college expenses, undergraduate students can work part-time in this federal program. Eligibility for work-study is dependent on financial needs, however, all Baker College students are welcome to register for free, part-time jobs with Baker College this federal grant may lower the loan commitment and it can be paired with other assistance forms such as grants and scholarships.

  • Michigan Tuition Grant: This is the state-sponsored grant and the amount is not disclosed by the state. In this grant, students can use financial aid at the not for profit degree-granting college within the state of Michigan.

For more information regarding other scholarships, you may contact their representatives through their website.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

61%

State Grant Aid

28%

Institution Grant Aid

93%

Pell Grant

60%

Average Aid Awarded

Federal Grant Aid

$4,433

State Grant Aid

$2,014

Institution Grant Aid

$2,667

Pell Grant

$4,260

Student eligibility for financial aid depends on various parameters such as Expected Family Contribution (EFC), the cost of attendance at the school student will be attending, the financial aid office at college or universities determine how much financial aid students are eligible to receive.

Student EFC is an index number that college financial aid offices use to determine how much financial aid students would receive if students were to attend their school. This information is important because students and families are required to evaluate a financial plan and their options and decide which financial strategy is best for them.

  • 78% of students earn grants, an average of approximately $40,249,591

  • Approximately 61% of students receive Federal Grant Funding, which amounts to an average of $4,433

  • 60% of students receive Pell Grants, which amounts to an average of about $4,260.

  • Approximately 28% of students receive state grants at an average of about $2,014.

  • 93% of students received the institutional grant at an average of about $2,667.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,221

$30,001 - $48,000

$7,771

$48,001 - $75,000

$3,785

$75,001 - $110,000

$2,856

Over $110,000

$3,422

Students and families start with the planning of which college to choose or which program is better or fall in their financial range; at this point where students and families need to consider both the immediate and long-term budgeting. FAFSA is an essential term that stands for the Free Application for Federal Student Aid, which is crucial for budget planning. FAFSA determines how much a student must contribute each year to the college tuition, how much financial aid they are eligible for, and how it provides the students with a clear understanding of what to expect from each type of assistance they receive.

The average federal assistance received for a student with a family income ranging from $0-$30,000 is $8,221, while a student with a family income ranging from $ 30,001-US$48,000 is $ 7,771. The student has a family income ranging from $48,001-$75,000; the average federal aid received by them is $3,785. In contrast, the student with an annual income ranging from $75,001-$110,000 the average federal aid is around $2,856. The student has an annual income level of over $110,000; the average amount of federal aid provided is $3,422.

Student Loans for Baker College

Average Loan Amount Average Loan Amount received per year.

$6,612/Year

Students Taking Out Loans

60%

Loan Default Rate

15.1%

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