$4,180

Avg. Federal Grant

$8,466

Avg. Federal Loan

$20,469,897

Total Aid Awarded

Bethany College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$20.470M

Financial Aid Official Website

https://www.bethanylb.edu/future/financial-aid/

Notably, 98% of the students at Bethany College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,404,272. The total percentage of candidates applying to Bethany College who receive the Federal Grant is 57%. In comparison, 98% of the students are awarded the Student Grant, 98% get the Institution Grant, and 57% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,876, while the same comes to $3,590 for State Grant receivers and $21,158 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,033. 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. 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. At BC, an estimated number of 95% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

N/A

Institution Grant Aid

93%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$4,180

State Grant Aid

N/A

Institution Grant Aid

$17,975

Pell Grant

$4,180

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,335

$30,001 - $48,000

$13,335

$48,001 - $75,000

$13,335

$75,001 - $110,000

$13,335

Over $110,000

$13,660

Student Loans for Bethany College

Average Loan Amount Average Loan Amount received per year.

$9,835/Year

Students Taking Out Loans

76%

Loan Default Rate

13.1%