by our College Data Analytics TeamA lot of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Bais Medrash Toras Chesed can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will Bais Medrash Toras Chesed deliver, and just what are you going to be eligible for? Read on for answers. Keep scrolling to learn what amount of financial assistance will be accessible 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 Bais Medrash Toras Chesed.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Bais Medrash Toras Chesed, 55% of the incoming full-time class was awarded financial aid (about 18 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $5,973 |
| Institutional grants & scholarships | 45% | $5,735 |
| Federal Pell grants | 9% | $7,162 |
| State/local grants | 0% | — |
| Federal student loans | 0% | — |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Bais Medrash Toras Chesed, around 82% of undergraduates were awarded an average grant or scholarship of $5,436 (across approximately 103 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $5,436 |
| Federal Pell grants | 27% | $6,645 |
| Federal student loans | 0% | — |
For on-campus title-IV students, average grant aid came to $7,162.
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 |
|---|---|
| $0 – $48,000 | $6,168 |
| $30,001 – $75,000 | $7,186 |
| Over $75,000 | $6,374 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $6,838 |
| Off-campus title-IV students | $6,505 |
For a personalized estimate based on your family’s financial situation, use Bais Medrash Toras Chesed’s NPC: www.bmtc.edu/net-price-calculator.html.
The Department of Education computes summary indicators that describe debt outcomes at a glance. Bais Medrash Toras Chesed.
References
More about our data sources and methodologies.