Belhaven University Financial Aid and Scholarships
Students Receiving Aid
73%
Total Aid Amount
$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.
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