by our College Data Analytics TeamA lot of students will never be charged the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Word of Life Bible Institute can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financing options does Word of Life Bible Institute offer, and what will you qualify for? Keep scrolling for more information. Keep scrolling to discover just how much financial aid could be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from Word of Life Bible Institute.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Word of Life Bible Institute, 100% of the incoming full-time class was awarded financial aid around 345 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $8,087 |
| Institutional grants & scholarships | 100% | $5,840 |
| Federal Pell grants | 45% | $4,820 |
| State/local grants | 1% | $500 |
| Federal student loans | 41% | $6,006 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, around 100% of undergraduates were awarded an average grant or scholarship of $12,904 (across approximately 548 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $12,904 |
| Federal Pell grants | 45% | $5,328 |
| Federal student loans | 43% | $6,057 |
For on-campus title-IV students, average grant aid came to $8,084.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $9,887 |
| $30,001 – $75,000 | $11,262 |
| Over $75,000 | $15,018 |
Remember these are net prices — what families pay after gift aid, not before.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,516 |
| Off-campus title-IV students | $11,981 |
To project your own net price, use Word of Life Bible Institute’s net price calculator: wordoflife.edu/admissions/cost-calculator/.
The median federal debt load at Word of Life Bible Institute comes to $5,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,500 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at Word of Life Bible Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $12,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
A handful of calculated indicators summarize the debt outlook at Word of Life Bible Institute.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at Word of Life Bible Institute:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2692 |
| Total Stafford loan amount | $18,174,152 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $40,250 |
| Average GI Bill amount per recipient | $10,063 |
References
More about our data sources and methodologies.