The Importance of Understanding Financial Aid
The amount of financial aid, grants, scholarshipsvary depending on your situation. Utilize info listed below to better understand how much financial assistance you'll obtain from Alaska Bible College based on income and worth.
What is in a Normal Financial Aid Package at Alaska Bible College
$8,301 is the average Alaska Bible College's freshman financial aid package. About 100.0% of first year students get some kind of financial aid, most of which is in the form of loans.
A financial aid package contains loans, grans, and scholarships. However, student loans must be paid off, so they aren't a real college discount.
Uneasy about the debt that might be included in your financial aid package? Find the average amount of debt per student at Alaska Bible College.
How Much Aid is Available in Scholarships & Grants?
The following grants and scholarships consist mainly federally provided grants, and some state and local awards. 44.0% of first years at Alaska Bible College (4 total) were awarded a federal grant, averaging $4,747. In addition to grants, 56.0% of first years (5 total) were awarded scholarships by the college, totaling $750 per student.
The graph directly below reveals the typical volume of scholarship and grant aid distributed to all freshmen.
Grants are usually based on need while scholarships are based on merit or ability.
How Family Income Affects Financial Aid
The below chart displays grant and scholarship distributions by income for freshmen getting any type of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 33.3% | $6,838 |
| Income 30k-48k | 11.1% | $3,320 |
| Income 48k-75k | 0.0% | N/A |
| Income 75k-110k | 11.1% | $0 |
| Income 110k + | 11.1% | $2,378 |
Education funding from the government by means of loans, grants, and work study is known as Title IV aid. Get more info on Title IV here..
Scholarships & Grants for All Undergrads Average $8,161
23 Alaska Bible College students receive grands (this is about 42 of the overall student body). The average amount these students receive is $8,161
Financial Aid Links from Alaska Bible College
| Financial Aid Department Website | www.akbible.edu/costs |
| Net Price Calculator | www.akbible.edu/misc/NetPriceCalculator/npcalc.htm |
