In case the students at Elim Bible Institute and College face any financial issues concerning the fees and cost of living, and find the same to be high, they can seek help from the financial aid department of the varsity. It focuses on settling the issues that students face, and candidates can be assisted with scholarships, grants, and student loans. The average financial aid at Elim Bible Institute and College is around $2,446 and the federal grant is $4,730. Prospective students can benefit from state-level aid worth $3,316 as well as institutional aid worth $2,446.