Maranatha Baptist University Financial Aid and Scholarships
Students Receiving Aid
60%
Total Aid Amount
$4.069M
Financial Aid Official Website
www.mbu.edu/financial-aid
As many as 93% of the students at MBU get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,717,857 in a year. At MBU, the total percentage of applicants who receive the Federal Grant stands at 47%. In comparison, 89% of the students are awarded the Student Grant, 83% get the Institution Grant, and 47% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,083, and the same stands at $2,892 for State Grant awardees and $4,390 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,192. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Maranatha Baptist University, the percentage of candidates who opt to avail of student loans is around 40%.
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