The Importance of Understanding Financial Aid
The quantity of financial aid and scholarships you are eligible for will vary depending on your family's income level. Read on to learn more on just how much financial aid and scholarships you can expect from Alaska Bible College.
What is in a Normal Financial Aid Package at Alaska Bible College
$9,592 is the average Alaska Bible College's freshman financial aid package. About 40.0% of first year students get some kind of financial aid, the majority of which is in the form of loans.
A financial aid package contains scholarships, grants, and student loans. However, loans must be paid off, so they aren't a true college discount.
A college loan is not a genuine college discount, but rather an outcome to consider. Learn how much student loan debt from Alaska Bible College you may end up taking on.
How Much Aid Is Available That Is Not Loans?
The numbers and the graph below reference mainly grants from federal sources, as well as some local and state grants. 20.0% of first years at Alaska Bible College (1 total) were awarded a federal grant, averaging $6,600. In addition to grants, 40.0% of first years (2 total) were awarded scholarships by the college, totaling $500 per student.
The graph directly below reveals the typical volume of scholarship and grant aid given to all freshmen.
Grants are usually based on need while scholarships are based on merit or ability.
Amount of Financial Aid Per Family Income
The below table displays grant and scholarship distributions by income for freshmen getting any form of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 0.0% | N/A |
| Income 30k-48k | 20.0% | $7,100 |
| Income 48k-75k | 0.0% | N/A |
| Income 75k-110k | 20.0% | $500 |
| Income 110k + | 20.0% | $0 |
The graph above shows students who are getting Title IV aid which is federal aid from the government including grants, loans, and work-study. Learn more.
Scholarships & Grants for All Undergrads Average $3,436
Of the 33 undergraduate students at Alaska Bible College around 58.0% (19 total) receive some form of grant aid. The average quantity granted was $3,436.
Financial Aid Links from Alaska Bible College
| Financial Aid Department Website | www.akbible.edu/admissions/tuition-aid/financial-aid/ |
| Net Price Calculator | www.akbible.edu/admissions/tuition-aid/net-price-calculator/ |
