$4,451

Avg. Federal Grant

$5,352

Avg. Federal Loan

$12,351,654

Total Aid Awarded

Belmont Abbey College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$12.352M

Financial Aid Official Website

belmontabbeycollege.edu/admissions/apply-for-financial-aid/

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,255,183. Notably, a total of 32% of the applicants to Belmont Abbey College receive the Federal Grant every year. Meanwhile, 99% of the applicants receive the Student Grant and 98% are awarded the Institution Grant, while 32% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,727, the State Grant receivers and Institution Grant beneficiaries get $4,976 and $7,295, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,422. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At BAC, an estimated number of 61% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

31%

State Grant Aid

24%

Institution Grant Aid

99%

Pell Grant

31%

Average Aid Awarded

Federal Grant Aid

$4,451

State Grant Aid

$4,732

Institution Grant Aid

$6,916

Pell Grant

$4,190

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,110

$30,001 - $48,000

$12,604

$48,001 - $75,000

$12,320

$75,001 - $110,000

$6,957

Over $110,000

$7,173

Student Loans for Belmont Abbey College

Average Loan Amount Average Loan Amount received per year.

$5,946/Year

Students Taking Out Loans

66%

Loan Default Rate

12%

Other Colleges In North Carolina

Western Carolina University (WCU)
Western Carolina University (WCU)

Cullowhee, North Carolina

Meredith College
Meredith College

Raleigh, North Carolina

East Carolina University (ECU)
East Carolina University (ECU)

Greenville, North Carolina

Other Private not-for-profit Colleges

Keiser University
Keiser University

Fort Lauderdale, Florida