$5,451

Avg. Federal Grant

$5,345

Avg. Federal Loan

$50,994,291

Total Aid Awarded

Bethel University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

89%

Total Aid Amount Average Total Aid Awarded per year.

$50.994M

Financial Aid Official Website

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

It is interesting to note that almost every student at BU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $11,461,968. At BU, the total percentage of applicants who receive the Federal Grant stands at 24%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 23% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,046, while the same comes to $5,072 for State Grant receivers and $21,363 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,133. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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

29%

State Grant Aid

39%

Institution Grant Aid

100%

Pell Grant

28%

Average Aid Awarded

Federal Grant Aid

$5,451

State Grant Aid

$5,161

Institution Grant Aid

$19,680

Pell Grant

$4,105

Bethel University financial aid includes Federal Grants, Pell Grants, State grants, and Institutional grants, with Institutional Grants having the highest percentage contribution of 100% with the average aid amount being $19,680. An applicant might visit the official website of the University for further information.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$32,148

$30,001 - $48,000

$31,723

$48,001 - $75,000

$29,462

$75,001 - $110,000

$24,246

Over $110,000

$18,846

As per the data from Bethel University financial aid office, lower the family income higher is the amount of financial aid one can expect to receive. Those students who have a family income under $30,000 can expect to receive an aid amount of $32,148 while those with a family income of over $110,000 can expect to receive an aid amount of $18,846. This ensures that the bulk of the money is flowing towards those who need it the most. The afore-mentioned table is a breakdown of the same:

Student Loans for Bethel University

Average Loan Amount Average Loan Amount received per year.

$8,558/Year

Students Taking Out Loans

71%

Loan Default Rate

6.7%

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