$4,928

Avg. Federal Grant

$5,269

Avg. Federal Loan

$33,588,529

Total Aid Awarded

Birmingham Southern College (BSC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

99%

Total Aid Amount Average Total Aid Awarded per year.

$33.589M

Financial Aid Official Website

https://www.bsc.edu/fp/index.html

It is interesting to note that, every year, around 97% of students at BSC receive some kind of financial aid, while the total amount of assistance/loans provided is $3,859,174. One can visit BSC's financial aid page at https://www.bsc.edu/fp/index.html for more information. At BSC, the total percentage of applicants who receive the Federal Grant stands at 27%. Meanwhile, 97% of the applicants receive the Student Grant and 96% are awarded the Institution Grant, while 27% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,092, and the same stands at $1,132 for State Grant awardees and $7,175 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,632. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Students whose family income per annum is less than $30,000 will receive a federal aid of $31,074 on average in a year. The average aid amount stands at $28,534 for an annual family income between $30,001 and $48,000. This amount comes to $28,852 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $27,436 for those with an annual family income between $75,001 and $110,000, and at $23,491 for an income more than $110,000. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Birmingham-Southern College, the percentage of candidates who opt to avail of student loans is around 55%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

27%

State Grant Aid

50%

Institution Grant Aid

100%

Pell Grant

27%

Average Aid Awarded

Federal Grant Aid

$4,928

State Grant Aid

$915

Institution Grant Aid

$23,612

Pell Grant

$4,503

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$28,066

$30,001 - $48,000

$31,486

$48,001 - $75,000

$27,625

$75,001 - $110,000

$26,627

Over $110,000

$23,501

Student Loans for Birmingham Southern College (BSC)

Average Loan Amount Average Loan Amount received per year.

$6,143/Year

Students Taking Out Loans

54%

Loan Default Rate

4.8%

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