by our College Data Analytics TeamMany 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 total cost of going to Belhaven University can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financing solutions does Belhaven deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on to discover what amount of financial assistance could 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. The information provided on this page can help you determine how much aid you may receive from Belhaven University.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Belhaven University, 76% of entering full-time freshmen got some type of financial assistance approximately 178 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 76% | $23,625 |
| Institutional grants & scholarships | 75% | $19,885 |
| Federal Pell grants | 38% | $6,105 |
| State/local grants | 19% | $3,328 |
| Federal student loans | 54% | $5,681 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, roughly 81% of undergrads got grants or scholarships worth on average $17,837 (covering around 1221 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $17,837 |
| Federal Pell grants | 49% | $6,060 |
| Federal student loans | 68% | $7,835 |
On-campus students receiving title-IV aid were awarded grants averaging $24,117.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $16,925 |
| $30,001 – $75,000 | $21,547 |
| Over $75,000 | $26,224 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,676 |
| Off-campus title-IV students | $22,078 |
For a customized cost estimate, visit Belhaven’s NPC: www.belhaven.edu/admission/financial-aid/net-price-calculator.html.
A typical borrower at Belhaven leaves with $18,549 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,549 |
| Median federal debt (graduates only) | $26,333 |
| Typical 10-year monthly payment (graduates) | $279.17/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at Belhaven.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,457 |
| 25th percentile | $6,398 |
| 75th percentile | $29,916 |
| 90th percentile (highest-debt students) | $40,718 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $18,817 |
| Middle income | $19,000 |
| High income | $15,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,000 |
| Continuing-generation students | $16,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $20,241 |
The figure below distills the debt data into a single burden category for Belhaven.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Belhaven:
| Metric | Value |
|---|---|
| Stafford loan recipients | 22446 |
| Total Stafford loan amount | $676,225,683 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 49 |
| Total GI Bill amount | $303,632 |
| Average GI Bill amount per recipient | $6,197 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 26 |
| Total DoD amount | $78,500 |
| Average DoD amount per recipient | $3,019 |
References
More about our data sources and methodologies.