$4,516

Avg. Federal Grant

$5,302

Avg. Federal Loan

$5,488,101

Total Aid Awarded

Central Baptist College (CBC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

81%

Total Aid Amount Average Total Aid Awarded per year.

$5.488M

Financial Aid Official Website

www.cbc.edu/financial_aid.aspx

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,108,406. At CBC, the total percentage of applicants who receive the Federal Grant stands at 54%. In comparison, 100% of the students are awarded the Student Grant, 98% get the Institution Grant, and 54% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,171, while the same comes to $1,365 for State Grant receivers and $7,328 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,155. 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 CBC, an estimated number of 71% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

56%

State Grant Aid

43%

Institution Grant Aid

96%

Pell Grant

56%

Average Aid Awarded

Federal Grant Aid

$4,516

State Grant Aid

$1,052

Institution Grant Aid

$5,998

Pell Grant

$4,395

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,738

$30,001 - $48,000

$11,325

$48,001 - $75,000

$9,966

$75,001 - $110,000

$11,737

Over $110,000

$17,728

Student Loans for Central Baptist College (CBC)

Average Loan Amount Average Loan Amount received per year.

$5,615/Year

Students Taking Out Loans

73%

Loan Default Rate

9.8%

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