$5,893

Avg. Federal Grant

$6,806

Avg. Federal Loan

$16,515,027

Total Aid Awarded

Bay Path University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$16.515M

Financial Aid Official Website

www.baypath.edu/undergraduate-experience/financial-aid

Bay Path University succeeds to be an affordable and feasible private university which strives to stand by the students by offering opportunity grants to achieve their career heights. All financial aid packages are made suitable for you to choose from considering your family’s financial situation; whether it’s a grant, scholarship or loan. The total financial aid received by students amounts to $16,515,027.

Once you have completed the entire admission proceedings, you must ensure to complete the FAFSA for making yourself eligible for financial aid and services. You may note that the university assists approximately 70% of the students enrolled by providing several financial aid assistance under the university or state for adoption.

Scholarships

To be specific about merit scholarships, these are renewable subject to criteria for full-time enrollment and satisfactory grades.

  • Annual Merit Scholarships for First Years: This includes five categories of scholarships applicable for residents and commuters.
    • 1897 Founders Scholarship: A $20,000 scholarship for the above-mentioned category of candidates who need to have a High School Grade Point Average (HS GPA ) of  4.0.
    • Provost’s Scholarship:  A $19,000 scholarship for the category with a minimum GPA of 3.6 - 3.99.
    • Dean’s scholarship: A $18,000 scholarship for the above-mentioned category with a minimum HS GPA of.3.00 - 3.59
    • Seize the Day Award: An award amounting to $17,000 for residents and commuters with GPA ranging between 2.5 - 2.99.
    • Pathways Award: An award amounting to $12,000 for residents and commuters with a GPA below 2.5.
  • Annual Merit Scholarships for Transfers: This includes four categories of scholarships applicable for resident and commuter students.
    • Presidential Achievement Scholarship: A $17,000 scholarship applicable for residents and commuters with College Grade Point Average (CGPA) of 3.5 and above.
    • Academic Excellence Scholarship: This is for those with CGPA of 3.0 - 3.49 with an award of $15,000.
    • Academic Achievement Scholarship: Resident and commuter students with CGPA of 2.5 - 2.99 receive an award of $12,000.
    • Distinguished Scholars Award: This $10,000 award applies for those with CGPA 2.0 - 2.49.
  • Annual Honors Program Scholarships: They are subdivided into three categories:
    • Honors Program: The $15,000 program caters to residents and commuters enrolled under the university programs.
    • Women in STEM HONORS (WiSH) Program: A $25,000 scholarship for supporting female candidates.
    • Women in Business HONORS (WiBH) Program: A $25,000 award for female students who have been acknowledged for business courses and degrees.
  • Additional Scholarships: The three surplus scholarships under this segment are:
    • Transfer Achievement Award: A $1,500 award targeted towards First Generation college students.
    • Community College Transfer Award: A $1,000 award which applies for Community College transfer students.
    • Phi Theta Kappa: Transfer students who are Phi Theta Kappa members are awarded $1,500.

To know about other exciting scholarships, visit the Signature Scholarship Competition Program.

Grants

These are merit-based gift aids offered to students with special financial needs which are meant not to be returned. Hence, it's your prime responsibility to choose the right one and apply for that. They are further segmented into:

Federal Grants

  • Federal Pell Grants: These are applicable for undergraduates specifically, which is determined based on the student's expected family contribution (EFC), part-time or full-time enrollment, cost of attendance and academic year plans and provides a maximum amount of $6,095. You can have an estimation of the grant to be received by having a glance over the Pell Grants Award Table.
  • Federal Supplemental Educational Opportunity Grant: These grants have a range extending from $100 - $4,000 in a year.

State Grants

  • MASSGrants: This is offered to students who reside in Massachusetts confined to particular eligibility criteria.
    • MASSGrant: Students with EFC fluctuating from $0 - $5,486 are eligible but they must ensure to enrol full time.
    • MASSGrant Plus: This is applicable only for public community colleges and students enrolled for both full time and half time may apply.

Institutional Grants

Simply, these are graduate grants to motivate students to take a Master’s degree and continue their education under the university. They are listed below:

  • Residential College undergraduate students who entered before Fall 2015: Full-time traditional undergraduates are eligible for an annual grant of $10,000.
  • Residential College undergraduate students who enrolled in Fall 2016 through the present:  For students attending the university, $1,000 is awarded every year with an annual figure of $4,000.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

59%

State Grant Aid

32%

Institution Grant Aid

100%

Pell Grant

59%

Average Aid Awarded

Federal Grant Aid

$5,893

State Grant Aid

$2,513

Institution Grant Aid

$20,773

Pell Grant

$5,155

A list of grants serves the majority of the students throughout their academic journey. They are:

  • Federal Grants: 59% of the students are served with an average aid of $5,893.

  • Pell Grants: This serves 59% of the students with an average aid of $5,155.

  • State Grants: They serve residentials covering 32% of the student enrolled with an average aid of $2,513.

  • Institutional Grants: The university caters to 100% of the students with an average aid of $20,773.

  • The average amount of federal loans offered by Bay Path turns out to be around $6,806.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$29,313

$30,001 - $48,000

$29,265

$48,001 - $75,000

$25,075

$75,001 - $110,000

$22,001

Over $110,000

$18,502

Based on the family income, the financial aid offered to students is segmented into five broad portfolios with an average of $24,831.

It initiates with the income group having a distinction of $0 to $30,000 offering aid of $29,313, the group with range $30,001 to $48,000 is applicable for the aid of $29,265 and the median aid of $25,075 is reserved for the group with income between $48,001 to $75,000

Following the same perspective, the next group of  $75,001 to $110,000 is offered with $22,001 and the last one with income above $110,000 receives $18,502 financial aid.

Student Loans for Bay Path University

Average Loan Amount Average Loan Amount received per year.

$9,971/Year

Students Taking Out Loans

91%

Loan Default Rate

4.8%

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