$4,816

Avg. Federal Grant

$3,493

Avg. Federal Loan

$1,032,151

Total Aid Awarded

Gods Bible School and College (GBSC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$1.032M

Financial Aid Official Website

www.gbs.edu/financialaid

Students can avail of scholarships provided by the school, such as James R. Hunt Memorial Scholarship, Larry and Doris Clark Scholarship, Minority Journalism Scholarship, and Nurse Education Assistance Loan Program, if they find educational expenses to be on the higher side. It is interesting to note that almost every student at GBSC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $390,395. One can visit GBSC's financial aid page at http://www.gbs.edu/financialaid for more information. At GBSC, the total percentage of applicants who receive the Federal Grant stands at 51%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 51% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,601, and the same stands at $835 for State Grant awardees and $2,517 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,911. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $6,746 in a year. The average aid amount stands at $5,950 for an annual family income between $30,001 and $48,000. This amount comes to $4,998 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $1,041. And, for those with a family income of more than $110,000, the amount stands at $2,931. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 Gods Bible School and College, the percentage of candidates who opt to avail of student loans is around 19%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

57%

State Grant Aid

14%

Institution Grant Aid

69%

Pell Grant

57%

Average Aid Awarded

Federal Grant Aid

$4,816

State Grant Aid

$749

Institution Grant Aid

$3,057

Pell Grant

$4,816

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,532

$30,001 - $48,000

$7,068

$48,001 - $75,000

$5,139

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Gods Bible School and College (GBSC)

Average Loan Amount Average Loan Amount received per year.

$3,493/Year

Students Taking Out Loans

36%

Loan Default Rate

15.3%

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