Bethel College Financial Aid and Scholarships
Students Receiving Aid
88%
Total Aid Amount
$18.537M
Financial Aid Official Website
www.betheluniversity.edu/admission-aid/financial-aid
Interestingly, almost all of the students at BU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $5,463,523 in a year. One can visit BU's financial aid page at http://www.bethelks.edu/admissions/financial-aid-scholarships-tuition/ for more information. Notably, a total of 49% of the applicants to Bethel University receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 48% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,146, and the same stands at $7,681 for State Grant awardees and $15,714 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,547. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $19,260 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $20,551 and $14,961, respectively. Those with an annual income level of $75,001-$110,000 would receive $18,551, while candidates with more than $110,000 of family income receive an average federal aid of $18,295. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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. Every year, around 68% of the applicants to Bethel University opt for student loans.
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