$4,595

Avg. Federal Grant

$6,026

Avg. Federal Loan

$17,095,701

Total Aid Awarded

Baker University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

48%

Total Aid Amount Average Total Aid Awarded per year.

$17.096M

Financial Aid Official Website

https://www.bakeru.edu/costs/#cas

Most students see financial aid to be something worth going after, whether it’s because of their academic excellence or because they need financial assistance. Baker University ensures that they meet the appropriate authorities who will help them dissect their needs, and direct them to secure the appropriate form of fund with which they may fund their own education and not feel burdened. Depending on the candidate’s application and eligibility, they will be open to special benefits or offers, from different scholarships to various kinds of grants.

Scholarships

Scholarships are a part of the gift aids and are given to meritorious students by different sources such as the federal government, institution, private sectors, and so on. Currently, 97% of Baker students receive funding to help pay for their education, and for some, this can make the difference between a dream and a reality. While some of their aid comes from federal grants and loans, for many of our students, the gap is bridged with endowed scholarships funded by Baker University alumni and friends.

  • Endowed scholarships: These are critical because they provide permanent funding for programs on which students can count—year after year. Just as scholarships have made a difference in the lives of those who have received them, they have also made a difference in the university as a whole. A gift of an endowed scholarship enables a donor’s impact to last well into the future, and it enables the university to attract and retain generations of high-achieving and deserving students.

  • Academic Scholarship Competition: Students admitted to Baker who receive an academically based scholarship are invited to participate in a day celebrating accomplishments and exploring Baker opportunities. Participation in Academic Scholarship Competition Day is by invitation only.

  • Edward Lin Harter & Sylvia Lloyd Harter Scholarship: Harter Scholars receive full tuition for four years at Baker and have the opportunity to spend a semester at Harlaxton College in England. This is Baker’s most prestigious award. Eligibility is determined by GPA and ACT or SAT score. 

  • Presidential Scholarship: Presidential scholarships are awarded based on participation in Academic Scholarship Competition Day and are in addition to other scholarships awarded by Baker University. Eligibility for this scholarship is determined by GPA and ACT or SAT score. Qualified candidates who have been admitted to the university will be sent an invitation to visit campus and interact with faculty while competing for this scholarship.

Grants

Baker University offers their grants based on the financial needs of the students. This may come from the federal government, state government, or the institute themselves.Students receive some of the following grants:

  • Federal Grants: These are the economic aid provided by the United States government out of the general federal revenue.

  • Pell Grants: The U.S. Department of Education determines recipients and the amount of the award based on FAFSA results. The Pell Grant is targeted to high-need students. In case of Baker University, pell grants may range from $652 to $6,095.

  • Federal Supplemental Education Opportunity Grant (SEOG): Recipients must show need on the FAFSA each year for renewal. Grants will be awarded to students with exceptional need for funding. The amount can vary each year and depends on funding. Preference is given to students who are eligible for Federal Pell Grants.

  • TEACH Grant: Students who intend to teach in a school that serves students from low-income families and are majoring in a high-need field of foreign language, mathematics, reading specialist, science, or special education, can be considered for a grant up to $3,752 per year. It is recommended that students complete introductory courses in education before considering this grant program due to the service obligation requirements; therefore, this grant is not available to freshmen.

  • State grants: These are the grants provided by the State of Kansas to the needy students.

  • Kansas Comprehensive Grant: Kansas residents should apply for this need-based, state-funded grant by filling out the FAFSA by March 15 in order to meet the priority processing deadline of April 1. Applicants must be enrolled in a minimum of 12 semester hours and maintain a cumulative 2.0 GPA. This grant is available for eight semesters if you show financial need.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

34%

State Grant Aid

31%

Institution Grant Aid

96%

Pell Grant

34%

Average Aid Awarded

Federal Grant Aid

$4,595

State Grant Aid

$2,604

Institution Grant Aid

$19,524

Pell Grant

$4,253

It is of utmost importance to know how many students receive certain aids because it gives the students a good idea on what to expect from each type of aid they are going through. When it comes to grants, students get the opportunity to take up different grants; federal, institutional, or state grants.

  • Around 34% of the students receive Federal Grant Aid which amounts to at an average of $4,595.

  • 34% of the students receive Pell Grants which amount to an average of around $4,253.

  • Approximately 31% of the students receive state grants at an average of around $2,604.

  • 96% of the students receive institutional grants which amount to an average of  around $19,524.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$25,951

$30,001 - $48,000

$23,986

$48,001 - $75,000

$23,939

$75,001 - $110,000

$21,857

Over $110,000

$20,057

Financial aid in the form of federal aid is provided to a student, depending on the income of the student or the student’s family.The average federal aid in Baker University is calculated according to the family income of the student and is segregated into 5 different income brackets.

For a student who has a family income ranging from $0 - $30,000, the average federal aid provided is $25,951 where as a student having a family income ranging from $30,001 - $48,000 the average federal aid is $23,986. The student who has a family income ranging from $48,001 - $75,000 the average federal aid provided is $23,939 whereas the student having an annual income ranging from $75,001 - $110,000 the average federal provided is around $21,857. And the student having an annual income range greater than $110,000, the average federal aid provided is $20,057.

Student Loans for Baker University

Average Loan Amount Average Loan Amount received per year.

$6,790/Year

Students Taking Out Loans

70%

Loan Default Rate

5.9%

If you need a student loan to help cover the cost of a college or career school education, think of federal student loans first as they are easy and affordable to pay than any other private loan.

Many different types of loan options are available to assist the student in their education.

  1. Federal Direct Student Loans: A Subsidized Loan is based on need, and the government pays the interest while you are in school. An Unsubsidized Loan is available to students regardless of financial need. The federal government does not pay the interest while you are in school. You have the option of paying the interest while you’re in school or having it added to the principle when you go into repayment. The FAFSA is required annually.

  2. Federal Direct Parent Loan for Undergraduate Students: The maximum amount parents may borrow is cost of attendance minus all other financial aid. The FAFSA must be filed annually, even though this loan is not based on need.

  3. Alternative loans(private): A variety of alternative private credit-based student loans are available. Information about these loans is available from Baker’s Financial Aid Office.

Almost 70% of the students attending Baker University apply for loans with the average loan amount per student per academic year to be $6,790.

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