$4,092

Avg. Federal Grant

$2,631

Avg. Federal Loan

$2,214,635

Total Aid Awarded

Belmont College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

55%

Total Aid Amount Average Total Aid Awarded per year.

$2.215M

Financial Aid Official Website

www.belmontcollege.edu/financial-aid/

Students can avail of scholarships provided by the college, such as Educational Assistance Commitment Grant, James R. Hunt Memorial Scholarship, Larry and Doris Clark Scholarship, and Minority Journalism Scholarship, if they find educational expenses to be on the higher side. As many as 91% of the students at BC get some sort of financial aid, and the total amount of assistance/loans provided is more than $941,362 in a year. More information regarding the financial assistance schemes can be accessed on BC’s official financial aid page at http://www.belmontcollege.edu/financial-aid/. At BC, the total percentage of applicants who receive the Federal Grant stands at 52%. On the other hand, 91% of the candidates get the Student Grant, 42% receive the Institution Grant, and 52% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,145, the State Grant receivers and Institution Grant beneficiaries get $703 and $2,269, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,580. 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. 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. Every year, around 39% of the applicants to Belmont College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

48%

State Grant Aid

1%

Institution Grant Aid

63%

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$4,092

State Grant Aid

$3,914

Institution Grant Aid

$1,891

Pell Grant

$3,952

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,094

$30,001 - $48,000

$4,015

$48,001 - $75,000

$2,888

$75,001 - $110,000

$1,472

Over $110,000

$3,108

Student Loans for Belmont College

Average Loan Amount Average Loan Amount received per year.

$2,631/Year

Students Taking Out Loans

26%

Loan Default Rate

19.4%

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