by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$9,739.00 is the typical Belmont Abbey College’s first year financial aid package. 100% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Belmont Abbey College.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers below apply to scholarships and grants primarily provided by Belmont Abbey College.
99% of incoming freshmen (365 total) were given scholarships at Belmont Abbey College, averaging $6,648.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 81% of freshmen (299 total) obtained a federal grant, for about $2,785.00 a piece.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 16.30% | $13,835.00 |
| Income 30k-48k | 8.70% | $13,318.00 |
| Income 48k-75k | 8.70% | $12,487.00 |
| Income 75k-110k | 8.70% | $9,281.00 |
| Income 110k + | 24.18% | $7,314.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
Of the 368 undergraduate students at Belmont Abbey College around 100% (367 total) receive some form of grant aid. The typical amount awarded was $9,739.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.