by our College Data Analytics TeamA large number of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Belmont Abbey College can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financing options does BAC offer, and what will you qualify for? Keep scrolling for more information. Scroll down to see what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Belmont Abbey College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For incoming first-year students at Belmont Abbey College, 100% of first-year full-time students received aid of some kind some 398 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $10,168 |
| Institutional grants & scholarships | 99% | $6,926 |
| Federal Pell grants | 26% | $5,337 |
| State/local grants | 41% | $4,455 |
| Federal student loans | 81% | $3,087 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At BAC, some 91% of undergrads got grants or scholarships worth on average $8,759 (for some 1410 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $8,759 |
| Federal Pell grants | 24% | $5,254 |
| Federal student loans | 48% | $6,403 |
On-campus students receiving title-IV aid were awarded grants averaging $10,149.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,399 |
| $30,001 – $75,000 | $22,933 |
| Over $75,000 | $25,042 |
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 | $24,639 |
| Off-campus title-IV students | $23,613 |
For a customized cost estimate, visit BAC’s NPC: npc.collegeboard.org/app/belmontabbey.
The middle student in the debt distribution at BAC owes $14,560 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,560 |
| Median federal debt (graduates only) | $26,000 |
| Typical 10-year monthly payment (graduates) | $275.64/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at BAC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $30,963 |
| 90th percentile (highest-debt students) | $44,750 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,500 |
| Middle income | $14,560 |
| High income | $15,250 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,000 |
| Continuing-generation students | $14,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,750 |
| Independent students | $25,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at BAC.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at BAC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6796 |
| Total Stafford loan amount | $132,717,678 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 28 |
| Total GI Bill amount | $371,135 |
| Average GI Bill amount per recipient | $13,255 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.