$5,202

Avg. Federal Grant

$5,297

Avg. Federal Loan

$3,292,309

Total Aid Awarded

Emmaus Bible College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

95%

Total Aid Amount Average Total Aid Awarded per year.

$3.292M

Financial Aid Official Website

www.emmaus.edu/tuition-aid

Among them are scholarship programs such as All Iowa Opportunity Foster Care Grant, August & Edna Zahatko Scholarship, Bill & Hilda Macomber Alta Kahl Scholarship, and College Opportunity Scholarship. Interestingly, almost all of the students at EBC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $594,363 in a year. Notably, a total of 43% of the applicants to Emmaus Bible College receive the Federal Grant every year. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 43% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,198, and the same stands at $5,855 for State Grant awardees and $9,041 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,838. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At EBC, an estimated number of 43% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

47%

State Grant Aid

22%

Institution Grant Aid

98%

Pell Grant

47%

Average Aid Awarded

Federal Grant Aid

$5,202

State Grant Aid

$5,650

Institution Grant Aid

$7,809

Pell Grant

$5,138

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,910

$30,001 - $48,000

$15,220

$48,001 - $75,000

$13,860

$75,001 - $110,000

$7,476

Over $110,000

$5,981

Student Loans for Emmaus Bible College

Average Loan Amount Average Loan Amount received per year.

$6,056/Year

Students Taking Out Loans

48%

Loan Default Rate

6.5%

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