$5,220

Avg. Federal Grant

$5,736

Avg. Federal Loan

$2,631,167

Total Aid Awarded

SUM Bible College and Theological Seminary Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$2.631M

Financial Aid Official Website

www.sum.edu/financialaid/

It is interesting to note that, every year, around 76% of students at SBCTS receive some kind of financial aid, while the total amount of assistance/loans provided is $2,528,321. More information regarding the financial assistance schemes can be accessed on SBCTS’s official financial aid page at http://www.sum.edu/financialaid/. At SBCTS, the total percentage of applicants who receive the Federal Grant stands at 53%. On the other hand, 76% of the candidates get the Student Grant, 76% receive the Institution Grant, and 53% get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $5,106. 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 $3,815 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $4,189 and $3,060, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $268. And, for those with a family income of more than $110,000, the amount stands at $1,910. 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 SUM Bible College and Theological Seminary, the percentage of candidates who opt to avail of student loans is around 68%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

64%

State Grant Aid

N/A

Institution Grant Aid

90%

Pell Grant

64%

Average Aid Awarded

Federal Grant Aid

$5,220

State Grant Aid

N/A

Institution Grant Aid

$1,885

Pell Grant

$5,175

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,105

$30,001 - $48,000

$6,550

$48,001 - $75,000

$4,047

$75,001 - $110,000

$1,322

Over $110,000

$2,166

Student Loans for SUM Bible College and Theological Seminary

Average Loan Amount Average Loan Amount received per year.

$5,736/Year

Students Taking Out Loans

83%

Loan Default Rate

23.4%

Other Colleges In California

Oakland, California 4 years Public

Located in Stockton, CA, University of the Pacific is a private university. The university covers an area of 175 acres. In 1851, University of the Pacific was founded. Notably, the official colors of the university are orange and black. Out of total 6,447 (2019) students enrolled at UP, 3,640 be

Stockton, California 4 years Private Not-For-Profit

A private university by the name of Laguna College of Art and Design is located in Laguna Beach, CA. It was in 1961 when the Laguna College of Art and Design was founded. The motto of the Laguna College of Art and Design is Empowering Creative Leaders. The university believes in offering quality

Laguna Beach, California 4 years Private Not-For-Profit

Other Private not-for-profit Colleges

The university is now regarded among the best universities in the world. It has an endowment of $4.35 billion as of 2019. The university has produced many notable alumni including heads of states, famous writers, artists, and more. A total of 37 Nobel laureates are affiliated wit

New York, New York 4 years Private Not-For-Profit

Independence University is a private university located in Salt Lake City, UT. The Independence University is part of the Center for Excellence in Higher Education group. It was in 1978 when the Independence University was founded. The motto of the Independence University is Education Online for a B

Salt Lake City, Utah 4 years Private Not-For-Profit

#N/A

New York, New York 4 years Private Not-For-Profit