$5,810

Avg. Federal Grant

$5,877

Avg. Federal Loan

$6,159,595

Total Aid Awarded

Baptist Memorial College of Health Sciences Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

79%

Total Aid Amount Average Total Aid Awarded per year.

$6.160M

Financial Aid Official Website

www.bchs.edu/tuition-financial-aid

It is interesting to note that, every year, around 97% of students at BMCHS receive some kind of financial aid, while the total amount of assistance/loans provided is $7,762,622. The total percentage of candidates applying to Baptist Memorial College of Health Sciences who receive the Federal Grant is 47%. In comparison, 94% of the students are awarded the Student Grant, 37% get the Institution Grant, and 47% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $6,098, the State Grant receivers and Institution Grant beneficiaries get $5,921 and $6,515, respectively. And, for the Pell Grant awardees, the average aid amount is $5,091. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Baptist Memorial College of Health Sciences, the percentage of candidates who opt to avail of student loans is around 71%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

49%

State Grant Aid

66%

Institution Grant Aid

49%

Pell Grant

49%

Average Aid Awarded

Federal Grant Aid

$5,810

State Grant Aid

$5,585

Institution Grant Aid

$4,510

Pell Grant

$5,789

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$14,448

$30,001 - $48,000

$10,993

$48,001 - $75,000

$5,490

$75,001 - $110,000

$3,832

Over $110,000

$4,344

Student Loans for Baptist Memorial College of Health Sciences

Average Loan Amount Average Loan Amount received per year.

$6,265/Year

Students Taking Out Loans

79%

Loan Default Rate

4.3%

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