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
$8,669 is the average Alaska Bible College's freshman financial aid package. About 86.0% 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 numbers below refer to scholarships and grants largely offered by the college itself.
29.0% of first year students (4 total) were given scholarships at Alaska Bible College, averaging $1,944 per person. This ranks in the bottom 20th percentile of all schools in the country.
5 first year students also received federal grant aid. A total of 36.0% Alaska Bible College first years received grants around $4,840 a piece.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 | 0.0% | N/A |
| Income 30k-48k | 21.4% | $6,535 |
| Income 48k-75k | 14.3% | $4,580 |
| Income 75k-110k | 0.0% | N/A |
| Income 110k + | 0.0% | N/A |
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 $5,248
26 Alaska Bible College students receive grands (this is about 49 of the overall student body). The average amount these students receive is $5,248
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 |
