$4,429

Avg. Federal Grant

$5,966

Avg. Federal Loan

$19,040,461

Total Aid Awarded

Moody Bible Institute Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

87%

Total Aid Amount Average Total Aid Awarded per year.

$19.040M

Financial Aid Official Website

https://www.moody.edu/federal-financial-aid/

As many as 93% of the students at MBI get some sort of financial aid, and the total amount of assistance/loans provided is more than $6,257,705 in a year. One can visit MBI's financial aid page at https://www.moody.edu/federal-financial-aid/ for more information. Notably, a total of 34% of the applicants to Moody Bible Institute receive the Federal Grant every year. In comparison, 91% of the students are awarded the Student Grant, 88% get the Institution Grant, and 34% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,963. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $4,644 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $4,917, while those falling in the $48,001-$75,000 income category get $3,093 a year. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 53% of the applicants to Moody Bible Institute opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

32%

State Grant Aid

N/A

Institution Grant Aid

84%

Pell Grant

32%

Average Aid Awarded

Federal Grant Aid

$4,429

State Grant Aid

N/A

Institution Grant Aid

$7,561

Pell Grant

$4,318

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,422

$30,001 - $48,000

$6,777

$48,001 - $75,000

$8,231

$75,001 - $110,000

$8,534

Over $110,000

$7,688

Student Loans for Moody Bible Institute

Average Loan Amount Average Loan Amount received per year.

$6,376/Year

Students Taking Out Loans

43%

Loan Default Rate

N/A

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