$3,808

Avg. Federal Grant

$5,184

Avg. Federal Loan

$1,286,552

Total Aid Awarded

Northpoint Bible College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

79%

Total Aid Amount Average Total Aid Awarded per year.

$1.287M

Financial Aid Official Website

www.northpoint.edu

Such schemes include MASSGrant Program, Northpoint Bible College - MASSGrant, Northpoint Bible College - One Family Scholarship Program, and Northpoint Bible College - Part-Time Grant. It is interesting to note that, every year, around 85% of students at NBC receive some kind of financial aid, while the total amount of assistance/loans provided is $1,203,565. More information regarding the financial assistance schemes can be accessed on NBC’s official financial aid page at http://www.northpoint.edu. At NBC, the total percentage of applicants who receive the Federal Grant stands at 52%. In comparison, 80% of the students are awarded the Student Grant, 41% get the Institution Grant, and 52% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,512. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $5,418 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $5,819 and $3,077, respectively. On the other hand, the average federal aid stands at $1,528 for those with an annual family income between $75,001 and $110,000, and at $1,184 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 NBC, an estimated number of 54% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

62%

State Grant Aid

5%

Institution Grant Aid

53%

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$3,808

State Grant Aid

$600

Institution Grant Aid

$1,383

Pell Grant

$3,805

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,925

$30,001 - $48,000

$5,170

$48,001 - $75,000

$2,441

$75,001 - $110,000

$1,757

Over $110,000

$1,100

Student Loans for Northpoint Bible College

Average Loan Amount Average Loan Amount received per year.

$5,494/Year

Students Taking Out Loans

75%

Loan Default Rate

11.7%

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