$4,802

Avg. Federal Grant

$5,648

Avg. Federal Loan

$18,536,740

Total Aid Awarded

Bethel College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

47%

State Grant Aid

43%

Institution Grant Aid

99%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$4,802

State Grant Aid

$7,155

Institution Grant Aid

$14,147

Pell Grant

$4,533

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,530

$30,001 - $48,000

$25,134

$48,001 - $75,000

$18,583

$75,001 - $110,000

$17,467

Over $110,000

$16,657

Student Loans for Bethel College

Average Loan Amount Average Loan Amount received per year.

$7,500/Year

Students Taking Out Loans

65%

Loan Default Rate

N/A

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