$4,708

Avg. Federal Grant

$9,347

Avg. Federal Loan

$1,085,225

Total Aid Awarded

Bellus Academy Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

65%

Total Aid Amount Average Total Aid Awarded per year.

$1.085M

Financial Aid Official Website

N/A

It is interesting to note that, every year, around 87% of students at BA receive some kind of financial aid, while the total amount of assistance/loans provided is $1,232,681. The total percentage of candidates applying to Bellus Academy who receive the Federal Grant is 61%. On the other hand, 84% of the candidates get the Student Grant, 51% receive the Institution Grant, and 54% get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,621. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 72% of the applicants to Bellus Academy opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

67%

State Grant Aid

N/A

Institution Grant Aid

48%

Pell Grant

66%

Average Aid Awarded

Federal Grant Aid

$4,708

State Grant Aid

N/A

Institution Grant Aid

$1,491

Pell Grant

$4,542

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,006

$30,001 - $48,000

$5,695

$48,001 - $75,000

$4,171

$75,001 - $110,000

$375

Over $110,000

$1,000

Student Loans for Bellus Academy

Average Loan Amount Average Loan Amount received per year.

$10,170/Year

Students Taking Out Loans

79%

Loan Default Rate

7.2%