East Texas Baptist University Financial Aid and Scholarships
Students Receiving Aid
88%
Total Aid Amount
$19.001M
Financial Aid Official Website
https://www.etbu.edu/financial-aid/
Such schemes include Abe and Annie Seibel Foundation Loan, Achievement Grant, Children of U.S. Military who are Missing in Action or Prisoners of War (MIA/POWs) Exemption, and Christian Education Cooperative Grant. As many as 99% of the students at ETBU get some sort of financial aid, and the total amount of assistance/loans provided is more than $6,584,998 in a year. More information regarding the financial assistance schemes can be accessed on ETBU’s official financial aid page at https://www.etbu.edu/financial-aid/. Notably, a total of 42% of the applicants to East Texas Baptist University receive the Federal Grant every year. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 42% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,682, and the same stands at $3,219 for State Grant awardees and $11,772 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,529. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $18,344 on average in a year. The average aid amount stands at $19,769 for an annual family income between $30,001 and $48,000. This amount comes to $18,204 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $14,379, while candidates with more than $110,000 of family income receive an average federal aid of $12,160. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At East Texas Baptist University, the percentage of candidates who opt to avail of student loans is around 72%.
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