Lancaster Bible College (LBC) Financial Aid and Scholarships
Students Receiving Aid
76%
Total Aid Amount
$11.295M
Financial Aid Official Website
https://www.lbc.edu/admissions-financial-aid/index.html
Among them are scholarship programs such as AWANA Scholarship, Academic Merit Scholarship, Bible Institute Scholarship, and Child of Alumni Scholarship. It is interesting to note that, every year, around 99% of students at LBC receive some kind of financial aid, while the total amount of assistance/loans provided is $7,343,218. For additional information about financial assistance schemes, one can head over to LBC’s financial aid page at https://www.lbc.edu/admissions-financial-aid/index.html. At LBC, the total percentage of applicants who receive the Federal Grant stands at 35%. In comparison, 98% of the students are awarded the Student Grant, 95% get the Institution Grant, and 35% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,790, and the same stands at $3,303 for State Grant awardees and $10,664 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,003. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $15,664 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $14,447 and $12,349, respectively. On the other hand, the average federal aid stands at $9,345 for those with an annual family income between $75,001 and $110,000, and at $7,838 for an income more than $110,000. 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 LBC, an estimated number of 76% of the applicants choose to go for student loans.
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