$4,956

Avg. Federal Grant

$5,571

Avg. Federal Loan

$30,732,380

Total Aid Awarded

Bethel University Tennessee Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

79%

Total Aid Amount Average Total Aid Awarded per year.

$30.732M

Financial Aid Official Website

www.bethelu.edu/financial-aid

Notably, 99% of the students at Bethel University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $17,340,305. Notably, a total of 62% of the applicants to Bethel University receive the Federal Grant every year. On the other hand, 98% of the candidates get the Student Grant, 87% receive the Institution Grant, and 62% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,300, while the same comes to $5,056 for State Grant receivers and $10,047 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,273. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Bethel University, the percentage of candidates who opt to avail of student loans is around 76%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

70%

State Grant Aid

67%

Institution Grant Aid

85%

Pell Grant

70%

Average Aid Awarded

Federal Grant Aid

$4,956

State Grant Aid

$4,880

Institution Grant Aid

$9,663

Pell Grant

$4,782

As shown in the table the  institutional grants have a high percentage which is 85% contributing an aid of $9663.  The Federal grant aid,pell grant aid contribute 70% whereas state grant aid contibite only 67% followed by the average aid of $4956, $4782 nad $4880.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$15,906

$30,001 - $48,000

$15,707

$48,001 - $75,000

$13,556

$75,001 - $110,000

$12,704

Over $110,000

$12,605

As shown in the table, the family income below $30,000 will receive an aid of  $15906 which is much higher than other family income groups. An aid of $12605 is given to those students  whose family income is greater than $110,000.

Student Loans for Bethel University Tennessee

Average Loan Amount Average Loan Amount received per year.

$5,730/Year

Students Taking Out Loans

84%

Loan Default Rate

11.2%

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