$6,620

Avg. Federal Grant

$6,751

Avg. Federal Loan

$15,646,041

Total Aid Awarded

Bethany College (WV) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$15.646M

Financial Aid Official Website

www.bethanywv.edu/admissions-aid/

Interestingly, almost all of the students at BC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $3,268,172 in a year. At BC, the total percentage of applicants who receive the Federal Grant stands at 48%. In comparison, 100% of the students are awarded the Student Grant, 93% get the Institution Grant, and 47% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $8,948, while the same comes to $1,909 for State Grant receivers and $20,502 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,133. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At BC, an estimated number of 72% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

23%

Institution Grant Aid

100%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$6,620

State Grant Aid

$2,389

Institution Grant Aid

$19,165

Pell Grant

$4,555

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$24,015

$30,001 - $48,000

$26,060

$48,001 - $75,000

$30,276

$75,001 - $110,000

$21,003

Over $110,000

$17,150

Student Loans for Bethany College (WV)

Average Loan Amount Average Loan Amount received per year.

$8,390/Year

Students Taking Out Loans

81%

Loan Default Rate

21.2%

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