Elim Bible Institute and College Financial Aid, FAFSA/Federal School Code, Scholarships and Deadlines 2022

Elim Bible Institute and College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$485.674K

Financial Aid Official Website

www.elim.edu/programs/paying-for-school/aid/

Interestingly, almost all of the students at EBIC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $381,477 in a year. For additional information about financial assistance schemes, one can head over to EBIC’s financial aid page at http://www.elim.edu/programs/paying-for-school/aid/. Notably, a total of 70% of the applicants to Elim Bible Institute and College receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 77% get the Institution Grant, and 70% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,730, and the same stands at $3,316 for State Grant awardees and $2,446 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,893. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $6,438 in a year. The average aid amount stands at $10,740 for an annual family income between $30,001 and $48,000. This amount comes to $4,341 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 $1,891, while candidates with more than $110,000 of family income receive an average federal aid of $200. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At EBIC, an estimated number of 50% of the applicants choose to go for student loans.

Minumum Credit Score	Apply in as little as	Variable APR	Fixed APR
Not Available	15 minutes or less	2.95	4.74	View disclosures
620	2 minutes	5.38%-16.99%¹	4.43%-16.99%¹	View disclosures
Not Available	15 minutes	1.13% - 11.23%¹ (with autopay)	3.50% - 12.60%¹ (with autopay)	View disclosures

Minumum Credit Score

Apply in as little as

Variable APR

Fixed APR

Not Available

15 minutes or less

2.95

4.74

View disclosures

620

2 minutes

5.38%-16.99%¹

4.43%-16.99%¹

View disclosures

Not Available

15 minutes

1.13% - 11.23%¹ (with autopay)

3.50% - 12.60%¹ (with autopay)

View disclosures

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