$4,822

Avg. Federal Grant

$5,826

Avg. Federal Loan

$18,722,577

Total Aid Awarded

Belhaven University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$18.723M

Financial Aid Official Website

www.belhaven.edu/financial_aid/Default.htm

Notably, 95% of the students at Belhaven University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $13,972,067. For additional information about financial assistance schemes, one can head over to BU’s financial aid page at http://www.belhaven.edu/financial_aid/Default.htm. At BU, the total percentage of applicants who receive the Federal Grant stands at 45%. On the other hand, 95% of the candidates get the Student Grant, 94% receive the Institution Grant, and 45% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,204, and the same stands at $1,593 for State Grant awardees and $14,241 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,830. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $18,891 in a year. The average aid amount stands at $19,133 for an annual family income between $30,001 and $48,000. This amount comes to $16,509 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $12,508. And, for those with a family income of more than $110,000, the amount stands at $11,537. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At BU, an estimated number of 64% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

18%

Institution Grant Aid

100%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$4,822

State Grant Aid

$2,033

Institution Grant Aid

$12,934

Pell Grant

$4,514

The total aid awarded by Belhaven University comes up to US$18,722,577, with almost 73% of applicants receiving those aids. We have broken down some of the aids that have played a role in stabilizing the student’s educational lives:

  • Federal Grant average aid is US$4,822, with the percentage of students receiving it standing at 52%.

  • Pell Grant average aid is US$4,515 and the percentage of students receiving it is 52%.

  • 18% of students receive State Grants that contain an average aid of US$2,033.

  • Institution Grant average aid worth an average of US$12,934 is received by 100% of students applying for it.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$17,877

$30,001 - $48,000

$17,947

$48,001 - $75,000

$15,928

$75,001 - $110,000

$13,998

Over $110,000

$12,610

The average federal aid in Belhaven University is calculated according to the family income of the student. Depending on the financial aid available to the family or the student, the income bracket may either pay more or less than the overall average costs.

The federal aid for the Family Income ranging between US$0 - 30,000 is a bit higher as the need for it among those families is high, with the tota aid coming up to US$17,877. Income ranges from US$30,001 - 48,000 obtain aid of about US$17,947. For income ranges US$48,001 - 75,000, the aid provided is US$15,928. When the income range increases the aid amount decreases to US$13,998. When the income range becomes US$110,000 and more the aid amount becomes US$12,610.

Student Loans for Belhaven University

Average Loan Amount Average Loan Amount received per year.

$6,585/Year

Students Taking Out Loans

75%

Loan Default Rate

9.9%

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