$4,426

Avg. Federal Grant

$5,232

Avg. Federal Loan

$9,551,631

Total Aid Awarded

Bethany Lutheran College (BLC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

84%

Total Aid Amount Average Total Aid Awarded per year.

$9.552M

Financial Aid Official Website

https://www.blc.edu/financial-aid

Notably, 99% of the students at Bethany Lutheran College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,427,101. Notably, a total of 33% of the applicants to Bethany Lutheran College receive the Federal Grant every year. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 33% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,388, while the same comes to $5,398 for State Grant receivers and $16,710 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,062. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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 BLC, an estimated number of 70% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

43%

Institution Grant Aid

99%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$4,426

State Grant Aid

$5,118

Institution Grant Aid

$15,403

Pell Grant

$4,130

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$23,952

$30,001 - $48,000

$24,629

$48,001 - $75,000

$23,965

$75,001 - $110,000

$16,898

Over $110,000

$13,550

Student Loans for Bethany Lutheran College (BLC)

Average Loan Amount Average Loan Amount received per year.

$8,309/Year

Students Taking Out Loans

70%

Loan Default Rate

5.4%

Other Colleges In Minnesota

Rasmussen College
Rasmussen College

St. Cloud, Minnesota

Carleton College
Carleton College

Northfield, Minnesota

Walden University
Walden University

Minneapolis, Minnesota

Other Private not-for-profit Colleges

University of Mount Olive
University of Mount Olive

Mount Olive, North Carolina

St Thomas University (STU)
St Thomas University (STU)

Miami Gardens, Florida