$4,281

Avg. Federal Grant

$4,799

Avg. Federal Loan

$5,792,962

Total Aid Awarded

Bismarck State College (BSC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

39%

Total Aid Amount Average Total Aid Awarded per year.

$5.793M

Financial Aid Official Website

https://bismarckstate.edu/admissions/PayingForCollege/ApplyingForAid/

Such schemes include Midwest Student Exchange Program, North Dakota Scholars Scholarship, and Western Undergraduate Exchange. As many as 80% of the students at BSC get some sort of financial aid, and the total amount of assistance/loans provided is more than $6,047,627 in a year. More information regarding the financial assistance schemes can be accessed on BSC’s official financial aid page at https://bismarckstate.edu/admissions/PayingForCollege/ApplyingForAid/. Notably, a total of 26% of the applicants to Bismarck State College receive the Federal Grant every year. In comparison, 63% of the students are awarded the Student Grant, 23% get the Institution Grant, and 26% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,469, the State Grant receivers and Institution Grant beneficiaries get $1,827 and $1,739, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,102. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 43% of the applicants to Bismarck State College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

25%

State Grant Aid

48%

Institution Grant Aid

21%

Pell Grant

25%

Average Aid Awarded

Federal Grant Aid

$4,281

State Grant Aid

$1,778

Institution Grant Aid

$1,629

Pell Grant

$4,125

The following data can be of use to guide your thought process. The average amount of Federal Loan sums up to an amount of $4,799. The total aid generally received by the students is $5,792,962. Only 39% of the students receive such loans.

Federal and Pell grant percentage is about 25% and is an amount of $4,281 and $4,125 respectively. The state aid grant provided turns out to be around $1,778 which is received by 48% of students. The institutional grants however are $1,629 and it is offered to around 21% of the students of Bismarck State College.

When we talk about student loans, the average amount of student loans amount to $5,592 and around 50% of students choose to avail students’ loans. The loan default rate is at just 6.4%.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,676

$30,001 - $48,000

$6,307

$48,001 - $75,000

$3,556

$75,001 - $110,000

$1,100

Over $110,000

$703

We have presented the financial aid amount offered by BSC to you on the basis of your family income range sot hat you may set your expectations accordingly.

  • If you belong to a family whose income range falls somewhere under $30,000 you can access financial aid to up to a value of $6,676.

  • In case you fall between the range of $30,001 and $48,000 in terms of your family income, the amount up to which you may get a financial aid is approximately $6,307.

  • For a family income bracket of $48,001 to $75,000 your financial aid amount can drastically  get lowered down to $3,556.

  • Families with an income within $75,001 and $110,000  might receive a  financial aid of $1,100.

Student Loans for Bismarck State College (BSC)

Average Loan Amount Average Loan Amount received per year.

$5,592/Year

Students Taking Out Loans

50%

Loan Default Rate

6.4%

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