$5,003

Avg. Federal Grant

$5,429

Avg. Federal Loan

$8,875,916

Total Aid Awarded

Black Hills State University (BHSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

46%

Total Aid Amount Average Total Aid Awarded per year.

$8.876M

Financial Aid Official Website

www.bhsu.edu/Admissions/Pay-for-College/Financial-Aid

Notably, 91% of the students at Black Hills State University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $10,149,600. More information regarding the financial assistance schemes can be accessed on BHSU’s official financial aid page at http://www.bhsu.edu/Admissions/Pay-for-College/Financial-Aid. At BHSU, the total percentage of applicants who receive the Federal Grant stands at 38%. On the other hand, 71% of the candidates get the Student Grant, 47% receive the Institution Grant, and 36% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,822, the State Grant receivers and Institution Grant beneficiaries get $1,364 and $2,696, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,286. 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. 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 BHSU, an estimated number of 69% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

40%

State Grant Aid

14%

Institution Grant Aid

49%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$5,003

State Grant Aid

$1,239

Institution Grant Aid

$2,522

Pell Grant

$4,407

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,765

$30,001 - $48,000

$6,376

$48,001 - $75,000

$3,056

$75,001 - $110,000

$1,255

Over $110,000

$924

Student Loans for Black Hills State University (BHSU)

Average Loan Amount Average Loan Amount received per year.

$7,063/Year

Students Taking Out Loans

71%

Loan Default Rate

8.2%

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