by our College Data Analytics TeamA large number of students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Alaska Bible College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial assistance solutions will Alaska Bible College provide, and just what are you going to be eligible for? Read on for answers. Scroll down to learn just how much financial aid will be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Alaska Bible College.
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.
Looking at the entering class at Alaska Bible College, 100% of new full-time first-years were awarded at least some aid approximately 2 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $6,698 |
| Institutional grants & scholarships | 50% | $2,000 |
| Federal Pell grants | 50% | $7,395 |
| State/local grants | 50% | $3,000 |
| Federal student loans | 0% | — |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Alaska Bible College, approximately 52% of undergraduate students received gift aid averaging $6,714 (across approximately 35 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 52% | $6,714 |
| Federal Pell grants | 33% | $4,416 |
| Federal student loans | 6% | $5,648 |
On-campus students receiving title-IV aid were awarded grants averaging $11,395.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $30,001 – $75,000 | $8,175 |
| Over $75,000 | $20,012 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,508 |
| Off-campus title-IV students | $14,093 |
For a personalized estimate based on your family’s financial situation, use Alaska Bible College’s net price calculator: www.akbible.edu/admissions/tuition-aid/net-price-calculator/.
The Department of Education computes summary indicators that describe debt outcomes at a glance. Alaska Bible College.
Stafford loans make up the bulk of federal direct lending to undergraduates. The annual Stafford volume below reflects program activity at Alaska Bible College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 46 |
| Total Stafford loan amount | $510,396 |
References
More about our data sources and methodologies.